- Fractional Reserve Lending: Your entire loan was created out of nothing, thin air, nada. Best you come to terms with this fact. You are required to pay interest on this non-existent fiction, pay this interest up-front and of course you are asked to give up a valuable asset if you don't comply.
- Seigniorage: This is a rather sinister payment to the South African government by the Reserve Bank. It is essentially a payment that hands over the exclusive (and very lucrative) right to print money to the Reserve Bank. Our Reserve Bank is a privately owned bank which uses these colorful pieces of paper, which have no intrinsic value whatsoever, as a reserve to create more "loans" out of nothing.
- Securitisation: This is the process whereby a bank takes a whole bunch of these "loans" (which were made out of nothing) and sells them to one of their subsidiaries. The bank gets paid up front and then loses all their rights to claim. But claim they do, and this is highly unlawful and totally immoral...
Very few people understand how all these three components work together to create the economic nightmare that we are in today.
THE NEW ECONOMIC RIGHTS ALLIANCE