Banking, Federal Reserve.
Truth Seekers www.abodia.com/t
US corp & US laws defend the fraudulent practice of fiat currency, usury and more enslaving Americans and millions world wide, to increase their profit and control.
I use to think, I deposited $ 100 into bank for a year, they paid me $ 105 at year end. They loan $ 100 to another and charge $ 5 profit. Actually, they create $ 10,000 from my loan & make $ 5,000 profit on interest on the $ 100 I loaned them.
They do this thru the legal fractional banking system. For every $ 1 deposit a local bank gets, they can loan out 9 times that and charge interest. Then the central banks can loan 10 times that (now unlimited times) and charge interest on all the newly created money.
Money is created, not by government or printing, but by individual people borrowing, taking out loans. The money does not exist until it is borrowed. It’s created when it is borrowed. And when it is paid back, it disappears. Actually the bank creates the new money as you request it.
So only by continually increasing the debt in our country can we continue our economy with this debt money.
Money is not what you think. Read more.
When you borrow $ 100 from a bank, thru their system (Fed. Res.) they convert that to 100 times in value, to $ 10,000 and they earn interest on the $ 10,000.
On Internet or You Tube to see: Story of Money, or Money as Debt (2 of 5)
We are taught many things in college and news, but the fundamentals of the deception of banking never enters the consciousness of most people (until you study it)
Learning is the way to improve your life !
Each and every time a bank makes a loan, new bank credit is created - new deposits- brand new money.
- Graham F. Towers, Governor, Bank of Canada 1934-54
The process by which banks create money is so simple that the mind is repelled.
- John Kenneth Galbraith, Economist
Permit me to issue and control the money of a nation, and I care not who makes its laws.
- Mayer Anselm Rothschild, Banker
Banks create money, by issuing loans, credit.
They do not make money on loaning their deposits, they loan YOUR credit to YOU.
They create the money directly from the borrower’s credit, their promissory note.
Money use to represent value, now it represents debt.
If legal tender was offered, the court considers the debt discharged.
Everyone sub-consciously knows banks do not lend money.
When you draw on your savings account, the bank doesn't tell you - you can't do this because it has lent the money to somebody else. - Mark Watefeld, accountant and auditor
I'm afraid that the ordinary citizen will not like to be told that banks can and do create money.
And they who control the credit of the nation direct the policy of governments and hold in the hollow of their hands the destiny of the people.
- Reginald McKenzie, past Chairman of the Board, Midland Bank of England
Banks can only do this with the active cooperation of government.
Government passes laws to allow this, requiring us to use this national fiat currency.
The government allows this private debt money to be paid out in the fiat currency.
US government courts protect (unlawful) debts.
- - - - -
I have never yet had anyone who could explain through the use of logic and reason, justify the Federal Government borrowing the use of its own money ... I believe the time will come when people will demand that this be changed.
I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.
- Wright Patman, Democratic Congressman 1928-1976, Chairman, Committee on Banking & Currency 1963-75
- - - -
Promissory Note - loan - mortgage, when signed becomes a portable, exchangeable & salable piece of paper
It is an IOU, represents money or value, exchanged for the loan.
If I offer to give you a picture of a hammer, that is not useful, yet with money, when one is offered a promise to pay, it is accepted like money, as if it had value.
Thus our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.
- Irving Fisher, economist & author
1 Why does government choose to borrow money from private banks at interest when government could create all the interest-free money it needs without itself
2 Why create money as debt ?
Why not create money that circulates permanently ?
and does not have to be reborrowed at interest to exist ?
3 How can a money system dependent on on perpetually accelerating growth be used to build a sustainable economy ?
4 What specifically needs to be changed ?
-- - - - -
Money is a new form of slavery and distinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave.
- Leo Tolstoy
None are more enslaved than those who falsely believe they are free.
The modern banking system manufacture money out of nothing.
The process is perhaps the most astounding piece of sleigh of hand that was ever invented.
Banking was conceived in iniquity and born in sin Bankers own the Earth. Take is away form them, but leave them the power to create money, and with the flick of the pen they will crate enough money to buy it back again ...
Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in.
But if you want to continue to be slaves to the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.
- Sir Josiah Stamp, Director, Bank of England 1928-41, (reputed to be the 2n riches man in England at the time)
The inability of the Colonist to get power to issue their own money permanently out of the hands of George III and the international bankers was the Prime reason for the revolutionary war.
- Benjamin Franklin
Pres Wilson signed into law the private cartel for profit of international banks in the Federal Reserve Act. later he said,
I am a most unhappy man.
I have unwittingly ruined my country.
A great industrial national is controlled by its system of credit.
Our system of credit concentrates the growth of the nation, therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world, no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority but a Government by the opinion and duress of a small group of dominant men.
- Woodrow Wilson, President of the United States 1913-1921
"All of the perplexities, confusion, and distress in America arise, not from the defects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.
- John Adams, Founding Father of the American Constitution
Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
- James Garfield, 20th President, Assassinated, 1881
"The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers
By the adoption of these principals, the taxpayers will be saved immense sums of interest.
The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity.
- President Abraham Lincoln, assassinated
“Once a nation parts with the control of its currency and credit, it matters not who makes that nation's laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile.”
- William Lyon Mackenzie King, former Prime Minister of Canada 1935, (who nationalized the Bank of Canada)
'We are grateful to The Washington Post, The New York Times, Time Magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination [read as 'democracy'] practiced in past centuries."
--June 5, 1991, Bilderberger / Trilateral meeting in Baden Baden, Germany (a meeting also attended by then-Governor Bill Clinton)
- David Rockefeller [co-founder (with Zbigniew Brzezinski) of the Trilateral Commission] said in a speech:
Only the small secrets need to be protects.
The big ones are kept secretly by public incredulity.
- Marshall McLuhan , media guru
Money as Debt.net by Paul Grignon
The study of money, above all other fields in economics is one in which complexity is used to disguise or to evade truth, not to reveal it.
- John Kenneth Galbraith, economist, author
The issue which has swept down the centuries and which will have to be fought sooner or later, is the people versus the banks.
- Lord Acton 1834-1902 English Historian
Banks lend by creating credit. they create the means of payment out of nothing.
- Ralph M. Hawtrey 1879-1975, former Secretary of the British Treasury
Elden has researched and collect further discussion here
The real world is very different then most people think and perceive,
because those with the money, power, etc. own and control the rest of us.
There are Fed. Reserves (or similar currency) in most nations. They control:
- banks, - courts - news ! - governments - corporations
Read True US history, to see that we do not have to abide by US corp. land, taxes and fines. They are all voluntary.
www.abodia.com/5 Curious Truths
www.abodia.com/t Truth Seekers
www.abodia.com/911 www.abodia.com/irs & 100s of topics