Why The Banksters Can Rule the World.

The world is ruled by a corrupt bankster elite quite simply because they are the only people on earth with a licence to create money. They don't need to do any work, produce anything or trade any goods. They can create money out of the ether. Their ability to do this means they have unlimited wealth and unimaginable political power.

It is vital to understand that the banksters create money through lending, the money did not exist until the customer agreed to take on the debt. The bank simply created it out of thin air by tapping some numbers into a computer and updating the account ‘balance’ of the borrower. They never physically held the money to lend in the first place, it exists only in their digital ‘financial system,’ not in reality. What’s worse is that at least 97% of all money (Fiat currency) is created this way. It is a scam.

This is the truth about money (and banking) that you are not supposed to know. Some people, we call bankers, are effectively licensed to print money (digitally.) This is legalised usury and it gives them immense power. When I say ‘banksters’ I’m not talking about your local bank teller or branch manager, I am referring to the beneficial owners and major shareholders of the banks. In particular those who own central banks because, despite what we are told, they are privately owned. With unlimited wealth at their fingertips the banksters form the core of the global elite as a result.

While the establishment they lead doesn’t want you to know this, occasionally their representatives inadvertently let the cat out of the bag. Mervyn King, the former governor of the Bank of England, speaking in 2012 said:

"When banks extend loans to their customers they create money by crediting money to their customers’ accounts."

If you deposit $1000 of your salary into your commercial bank account they assume you won’t need all your money in one go, the bank only keeps 10% as a reserve (for example.) They then proceed to loan $900 of the ‘deposit’ to other people. Let’s say the person who borrowed your $900 used it to buy a new TV. The TV store then deposits the $900 in their bank account. Their bank then repeats the process. It retains a reserve percentage, $90 (10%) and loans out the remaining $810. Therefore, the £1000 you earned by working has already generated $1710 ($900 + $810) of debt. This process is repeated, again and again, until your initial $1000 deposit has created $10,000 of debt in the economy. So the only money ‘earned’ in the ‘real economy’ was your initial $1000. The other $9000 is debt created by the banks for their profit.

The people who borrowed the money have to go out into the real economy and work to earn that money. They then pay it back to the bank plus interest. The bank retains a fraction of this money (in accordance with the Basel Capital Accords) and then creates more debt with it by lending it to other people. Creating more and more debt in the economy. This is the essential nature of Fractional Reserve Banking.

Consequently, even if you have never had a loan in your life, at least 97% of the Fiat currency in your pocket is created through debt. All money is debt and those who control the debt rule the planet.

If you are interested to know more then please check out the full post at In This Together.

Take it easy you hoopy froods.