"If people only understood the rank injustice of the money and banking system, there would be a revolution by morning." -Andrew Jackson

Money does not "grow on trees," it is created by simply typing it into a computer.

As messed up as that sounds, listen to this - the power to make money has been passed from the U.S. Treasury to the Federal Reserve, a private company that is no more "federal" than Federal Express!

How do banks make money?

  • The Federal Reserve pays off it's debt, or bonds, by creating telectronic checks, which is money not taken out of any bank account or reserve, but rather is money created out of nothing!

  • Local banks counterfeit money through a process known as fractional reserve banking meaning if everyone withdrew their money at once, only 10% of the depositors would get their money back. This system of counterfeiting drastically increases the money supply at a faster pace than that of GDP, resulting in increased prices on all goods and services, a decrease in the value (purchasing power) of the dollar, and very low unemployment.

  • A "credit crunch" is the deliberate contraction of credit issued by banks for the main purpose of collecting their depositors collateral, at the same time increasing the value of the dollar, with the end result being very high unemployment, recessions, and depressions.

  • Fractional reserve banking, not fiat currency, is the cause of the worlds suffering. Fractional reserve banking, combined with interest rates, combined with the fact that 95% of our money supply is debt money, combined with the fact that banks only create the principal on their loans and not the interest results in the need for an ever increasing supply of credit.

  • Making other countries sell their oil in dollars (petrodollars) versus their own currency allows privately owned banks to expand their inflation tax to other countries.

  • Central banks illegally flood the market with gold to manipulate the perceived value of the world international currency - the dollar - which in turn preserves dollar hegemony at the expense of owners of gold and those in the gold industry.

  • Our current money system is a suicide money system because of something called the "exponential factor." An exponential increase in GDP results in a need for an exponential increase in the money supply which results in a need for an exponential increase in the finite resources being taken from the earth resulting in an unsustainable monetary system.

  • The solution to fixing our monetary system is so simple that once you understand it, you will realize what is wrong with the world and what exactly has to be done to fix it.

Related Pages:

How banks make money | Debt ceiling | How to tax the world



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