I UV – Conversations In The Raw : Banking Preparation For Accessing Your Value – 13 July 2013

CIR-Helen-Vita_BZConversations in The Raw: Banking Preparation for Accessing Your Value

Pull up a chair and listen in on a conversation in the raw I had with Helen Vita. We talk about the preparation work she has done with the mobile bankers in her area, Melbourne Australia, the next steps she will take infusing the system with the new banking energetics from the top and the bottom. And we talk about the importance of preparation and what we really are preparing for in making ready to access Our Value… Meeting ourselves.

 

Direct Download link to the Word version of the IMF Quotes

IMF Quotes

IMF Statement:
“… under the present system banks do not have to wait for depositors to appear and makes funds available before they can on-lend, or intermediate, those funds. Rather, they create their own funds, deposits, in the act of lending. This fact can be verified in the description of the money creation system in many central bank statements, and it is obvious to anyone who has lent money and created the resulting book entries.” 1

Central Bank Statements:
– “Banks create money when they lend it” 2
–   “… banks extend credit by creating money.” 3
– “What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers’ transaction accounts.” 4
– “…credit of promissory notes (money of account) become money when banks deposit promissory notes with the intent of treating them as cash.” 5,7
– “Commercial banks create checkbook money whenever they grant a loan, simply by adding new deposit dollars to accounts on their books in exchange for a borrower’s IOU.” 6
– “Then, bankers discovered that they could make loans merely by giving their promises to pay, or bank notes, to borrowers. In this way, banks began to create money. More notes could be issued than the gold and coin on hand.” 4
References:
1. The Chicago Plan Revisited, Jaromir Benes and Michael Kumhof, IMF Working Paper August 2012
2. Money Banking & Monetary Policy… Federal Reserve Bank of Dallas, May 2007
3. Quarterly Bulletin, Q1 Vol 48. No. 1. Bank of England, 2008
4. Modern Money Mechanics… Dorothy M. Nichols – Federal Reserve Bank of Chicago, May 1961
5. Walker F. Todd. Affidavit, Chagrin Falls, Ohio, USA, 05 Dec 2003. (20yrs as attorney & legal officer of Federal Reserve Bank of New York & Cleveland)
6. I Bet You Thought… Friedman, David H. Federal Reserve Bank of New York, Dec 1977
7.  Black’s Law Dictionary, Sixth Edition, 1990

For more helpful infomation that Scott Bartle has pulled together visit the Banking Industry Quarterly Reports page

Direct download link to pdf version

Direct download link to Word version

CEO IUV INchange Letter

www.i-uv.com/ link to original article

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