That was a gimmick invented by the earliest banksters to horde people’s cumbersome gold deposits so they could just carry chits of paper (money) to transfer ownership of their gold when purchasing goods and services. The banksters realized that it was very unlikely that there would be a “run” on their gold deposits by all of the depositors, so they deceptively started writing chits for more gold than they possessed. This practice evolved into fractional reserve banking.
Bottom line is that ONLY Treasury National Banks should be authorized to create loans out of thin air where the borrowers pay interest on their loans back to the National Bank, which is a subsidiary of the National Treasury.
Investment Banks can be authorized to “loan” their pooled deposits to “borrowers” and collect interest on their loans as “return on investment.” BUT Investment Banks cannot create loans out of thin air. Investment Banks are restricted to only loaning/investing their actual pooled deposits. Depositors in Investment Banks assume the risks for their deposits, not the government!
The History of Money, Warlord Banksters, and the Worship of Mammon – American Intelligence Media
Perhaps the greatest scam perpetrated by the banksters on humanity is that an independent sovereign nation needs to borrow other people’s money to fund its operations.
An independent sovereign nation doesn’t need to borrow other people’s money, doesn’t need to tax the income of its citizens and businesses, and doesn’t need a warehouse of gold in order to fund its operations.
An independent sovereign nation has the sole authority and power to create money out-of-thin-air and infuse that money into the economy through government contracts for goods and services, and by issuing loans through the National Treasury Bank.
Consumption Taxes on purchases of goods and services and Property Taxes on consumption of land use should be levied to fund State and Local Government Operations.
How To End The Federal Reserve & Erase The National Debt
The Fed purchased Treasurys from its member banks, using credit that it created out of thin air. It had the same effect as printing money. By keeping interest rates low, the Fed helped the government avoid the high-interest-rate penalty it would incur for excessive debt.
THE FEDERAL GOVERNMENT HAS BORROWED TRILLIONS, BUT WHO OWNS ALL THAT DEBT?
Wealth is too often misidentified as an accumulation of money in the form of gold.
Gold is too often worshipped as a false idol.
Gold is simply a soft shiny metal with beneficial electrical and thermal properties, is aesthetically pleasing to the eye, and can be used as a store of value in the form of money to facilitate financial transactions.
Money is simply the grease that keeps the gears of the economy spinning. Too much money and the gears slip and slide (inflation). Too little money and the gears grind to a halt (depression).
Wealth is rightfully measured as the productivity of a person, and the accumulated productivity of an independent sovereign nation.
Productivity is measured by the Quantity & Quality of the goods and services produced by a person and the accumulated goods and services produced by the citizens of an independent sovereign nation.
An independent sovereign nation can induce prosperity by ensuring there is just enough money in the economy to facilitate investment in technological innovation and growth.
An independent sovereign nation can induce austerity by ensuring there is too much money (inflation) or too little money (depression) that stymies technological innovation and growth.
The Decline and Fall of Western Civilization is being intentionally instigated by the (British) Globalist Fascist Oligarchy so that once their goal of “The Great Collapse of Society” is achieved then they can “Build Back Better” a One-World NWO in the shape of a Global Technocracy (Corporatist Fascism).
The source of the (British) Globalist Fascist Oligarchy’s power is their financial wealth that is derived from their control over the West’s monetary systems through all of the Western Nation’s Central Banks, and their headquarters at the British-controlled BIS in Basel, Switzerland.
The only way to defeat the (British) Globalist Fascist Oligarchy is to take away their control over the West’s Central Banks. This can be accomplished very simply through the following change:
Today, Sovereign Nations borrow other people’s money by selling them Treasury Bonds, that are created out of thin air, and then paying interest on those bonds to the buyers, who are the Central Banksters.
The solution is for Sovereign Nations to create Loans out of thin air that other people borrow from the Sovereign Nation and then pay interest on those loans back to the Sovereign Nation’s Treasury.
In today’s Western monetary system, the Central Banksters (British Globalist Fascist Oligarchy) get wealthy and powerful by keeping Sovereign Nations in perpetual debt by forcing them to pay interest on the Treasury Bonds owned by the Central Banksters.
Tomorrow’s empowered Western monetary system could result in Prosperity for the citizens of each Sovereign Nation by forcing the borrowers of Treasury Loans to pay interest on their loans back to the Treasury of the Sovereign Nation.
The British Oligarchy took control over Hitler’s rise and the German economy when the Bank of England’s Governor Montagu Norman had his lackey Hjalmar Schacht installed as Hitler’s finance minister.
President Wilson, the signatory of the Federal Reserve Act.
Shortly before his death in February 1924, President Wilson apparently came to regret signing the bill (Federal Reserve Act), saying:
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. 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.”
Hello Fellow World Citizens! My name is George Washington Hunt. I live in Boulder, Colorado.
A Big Bank is ready for implementation whenever the directors feel the right time occurs, probably after all the world’s currency systems fail and there is chaos everywhere. It is presently called the World Conservation Bank but may open in the name of the United Nations or as a private Rothschild Bank; the bank will replace all banks. There will be one big bank. It will issue the world currency, make loans and finance huge conservation programs. Its power will be great. It could bring any nation to its knees just by adjustments to credit and currency......
Never heard of the GEF, or debt-for-nature swaps, or the proceedings of the 4th World Wilderness Congress? Of course you haven't. The powers -that - shouldn't - be have decided it's better for their scheme if you don't.
The first step in returning “Power to the People” is by taking back control over the money supply and instituting a National Bank with a National Credit System.
“THEIR” Central Bank/Federal Reserve System was created with the simple scam trickery of deluding “We the People” into thinking that our government needs to borrow other people’s money in order to buy the products that the government consumes and pay for the services that the government provides.
The Banksters devised a gimmick where the Treasury Department creates Treasury Bonds “OUT OF THIN AIR” and PAYS interest to the buyers of those bonds. Then the Bastards slyly got the government to pass a Constitutional Amendment authorizing the government to collect Income Taxes so that there would always be a steady stream of tax revenue from which to pay the interest on all of the bond debt.
“We the People” can easily turn the tables on the Bankster Bastards by taking away their control over the money supply and their perpetual source of revenue from the interest they collect on the Treasury Bonds they fabricated and own.
THE SOLUTION:
Instead of the government creating Treasury Bonds “OUT OF THIN AIR” and PAYING Interest to the buyers of those bonds, the government creates Loans “OUT OF THIN AIR” and COLLECTS Interest from the borrowers of those loans.
With regards to fractional reserve banking:
That was a gimmick invented by the earliest banksters to horde people’s cumbersome gold deposits so they could just carry chits of paper (money) to transfer ownership of their gold when purchasing goods and services. The banksters realized that it was very unlikely that there would be a “run” on their gold deposits by all of the depositors, so they deceptively started writing chits for more gold than they possessed. This practice evolved into fractional reserve banking.
Bottom line is that ONLY Treasury National Banks should be authorized to create loans out of thin air where the borrowers pay interest on their loans back to the National Bank, which is a subsidiary of the National Treasury.
Investment Banks can be authorized to “loan” their pooled deposits to “borrowers” and collect interest on their loans as “return on investment.” BUT Investment Banks cannot create loans out of thin air. Investment Banks are restricted to only loaning/investing their actual pooled deposits. Depositors in Investment Banks assume the risks for their deposits, not the government!
The History of Money, Warlord Banksters, and the Worship of Mammon – American Intelligence Media
https://aim4truth.org/2022/05/13/the-history-of-money-warlord-banksters-and-the-worship-of-mammon/
Perhaps the greatest scam perpetrated by the banksters on humanity is that an independent sovereign nation needs to borrow other people’s money to fund its operations.
An independent sovereign nation doesn’t need to borrow other people’s money, doesn’t need to tax the income of its citizens and businesses, and doesn’t need a warehouse of gold in order to fund its operations.
An independent sovereign nation has the sole authority and power to create money out-of-thin-air and infuse that money into the economy through government contracts for goods and services, and by issuing loans through the National Treasury Bank.
Consumption Taxes on purchases of goods and services and Property Taxes on consumption of land use should be levied to fund State and Local Government Operations.
How To End The Federal Reserve & Erase The National Debt
https://open.substack.com/pub/william3n4z2/p/how-to-end-the-federal-reserve-and?r=1kb28q&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
Who Owns the US National Debt?
https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124
The Fed purchased Treasurys from its member banks, using credit that it created out of thin air. It had the same effect as printing money. By keeping interest rates low, the Fed helped the government avoid the high-interest-rate penalty it would incur for excessive debt.
THE FEDERAL GOVERNMENT HAS BORROWED TRILLIONS, BUT WHO OWNS ALL THAT DEBT?
https://www.pgpf.org/blog/2024/08/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt
Wealth is too often misidentified as an accumulation of money in the form of gold.
Gold is too often worshipped as a false idol.
Gold is simply a soft shiny metal with beneficial electrical and thermal properties, is aesthetically pleasing to the eye, and can be used as a store of value in the form of money to facilitate financial transactions.
Money is simply the grease that keeps the gears of the economy spinning. Too much money and the gears slip and slide (inflation). Too little money and the gears grind to a halt (depression).
Wealth is rightfully measured as the productivity of a person, and the accumulated productivity of an independent sovereign nation.
Productivity is measured by the Quantity & Quality of the goods and services produced by a person and the accumulated goods and services produced by the citizens of an independent sovereign nation.
An independent sovereign nation can induce prosperity by ensuring there is just enough money in the economy to facilitate investment in technological innovation and growth.
An independent sovereign nation can induce austerity by ensuring there is too much money (inflation) or too little money (depression) that stymies technological innovation and growth.
Lincoln Financed the War
By Taking On the British-Backed
New York Banks
https://archive.schillerinstitute.com/educ/hist/2014/0620-lincoln_financed_war.html
THE ‘SPECIE RESUMPTION’ FIGHT
Henry Carey’s Battle to Save Lincoln’s Economic Revolution
https://larouchepub.com/eiw/public/2002/eirv29n47-20021206/eirv29n47-20021206_022-the_specie_resumption_fight_henr.pdf
The Decline and Fall of Western Civilization is being intentionally instigated by the (British) Globalist Fascist Oligarchy so that once their goal of “The Great Collapse of Society” is achieved then they can “Build Back Better” a One-World NWO in the shape of a Global Technocracy (Corporatist Fascism).
The source of the (British) Globalist Fascist Oligarchy’s power is their financial wealth that is derived from their control over the West’s monetary systems through all of the Western Nation’s Central Banks, and their headquarters at the British-controlled BIS in Basel, Switzerland.
The only way to defeat the (British) Globalist Fascist Oligarchy is to take away their control over the West’s Central Banks. This can be accomplished very simply through the following change:
Today, Sovereign Nations borrow other people’s money by selling them Treasury Bonds, that are created out of thin air, and then paying interest on those bonds to the buyers, who are the Central Banksters.
The solution is for Sovereign Nations to create Loans out of thin air that other people borrow from the Sovereign Nation and then pay interest on those loans back to the Sovereign Nation’s Treasury.
In today’s Western monetary system, the Central Banksters (British Globalist Fascist Oligarchy) get wealthy and powerful by keeping Sovereign Nations in perpetual debt by forcing them to pay interest on the Treasury Bonds owned by the Central Banksters.
Tomorrow’s empowered Western monetary system could result in Prosperity for the citizens of each Sovereign Nation by forcing the borrowers of Treasury Loans to pay interest on their loans back to the Treasury of the Sovereign Nation.
The Great Bankster Debt Scam!
https://open.substack.com/pub/william3n4z2/p/the-great-bankster-debt-scam?r=1kb28q&utm_campaign=post&utm_medium=web
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web
Who Are The Globalist Fascist Oligarchy?
https://open.substack.com/pub/william3n4z2/p/who-are-the-globalist-fascist-oligarchy?r=1kb28q&utm_campaign=post&utm_medium=web
The British Oligarchy took control over Hitler’s rise and the German economy when the Bank of England’s Governor Montagu Norman had his lackey Hjalmar Schacht installed as Hitler’s finance minister.
https://larouchepub.com/eiw/public/1981/eirv08n34-19810901/eirv08n34-19810901_022-hjalmar_schacht_and_bruning_pave.pdf
Anglo-American Money Owners Organized World War II
https://www.voltairenet.org/article187508.html
Behind the Green New Deal: Hjalmar Schacht
https://larouchepub.com/eiw/public/2021/eirv48n31-20210806/eirv48n31-20210806_056-behind_the_green_new_deal_hjalma-hzl.pdf
Rothschild: The Hidden Sovereign Power Behind BIS
https://www.thebernician.net/rothschild-the-hidden-sovereign-power-behind-bis/
History: Adolph Hitler Was Financed by Wall Street, the U.S. Federal Reserve and the Bank of England
https://open.substack.com/pub/michelchossudovsky/p/history-adolph-hitler-financed-wall-street-fed?r=1kb28q&utm_campaign=post&utm_medium=web
In Defense of Treasury Secretary
Alexander Hamilton
https://archive.schillerinstitute.com/lar_related/2017/02/08-lyn-defense_hamilton/ldh.html
Alexander Hamilton's Economics
Created Our Constitution
https://larouchepub.com/other/2010/3748hamilton_constitution.html
Image of the American Patriot
https://archive.schillerinstitute.com/educ/hist/patriot_image_toc.html
Andrew Jackson as A Treason Project
https://archive.schillerinstitute.com/educ/hist/ahc_andy_jackson_treason.html
Think Like an American —
Restore Hamilton's Bank!
https://archive.schillerinstitute.com/economy/2012/restore_hamiltons_bank.html
The American Patriot History Project
http://patriot-project.weebly.com/anton-chaitkin.html#.Y5ZZjeROklR
President Wilson, the signatory of the Federal Reserve Act.
Shortly before his death in February 1924, President Wilson apparently came to regret signing the bill (Federal Reserve Act), saying:
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. 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.”
https://www.globalresearch.ca/towards-new-international-monetary-system/5848233
Towards a New International Monetary System
By Peter Koenig
https://www.globalresearch.ca/towards-new-international-monetary-system/5848233
Carroll Quigley and his two books, "Tragedy & Hope" and "The Anglo-American Establishment?"
https://www.amazon.com/s?k=Carroll+Quigley&crid=2X7K26L5KROQJ&sprefix=carroll+quigley%2Caps%2C147&ref=nb_sb_noss_1
Meet Carroll Quigley:
https://corbettreport.com/?s=Meet+Carroll+Quigley+
Tragedy & Hope 101
By Joe Plummer
(Scroll down to free book)
https://www.joeplummer.com/
Dishonest Money
By Joe Plummer
(Scroll down to free book)
https://www.joeplummer.com/dishonest-money-1
The Big Bad Bank: George Hunt's Story
http://www.thebigbadbank.com/media/thebigbadbankscript.rtf
The Big Bad Bank
Script from 2009 film
The World Conservation Bank and Its Threats
Hello Fellow World Citizens! My name is George Washington Hunt. I live in Boulder, Colorado.
A Big Bank is ready for implementation whenever the directors feel the right time occurs, probably after all the world’s currency systems fail and there is chaos everywhere. It is presently called the World Conservation Bank but may open in the name of the United Nations or as a private Rothschild Bank; the bank will replace all banks. There will be one big bank. It will issue the world currency, make loans and finance huge conservation programs. Its power will be great. It could bring any nation to its knees just by adjustments to credit and currency......
http://www.thebigbadbank.com
http://www.thebigbadbank.com/category/video/
http://www.americaismyname.org/world-conservation-bank.html
The Debt for Nature Scam
(https://theinternationalforecaster.com/topic/international_forecaster_weekly/The_Debt_for_Nature_Scam)
Never heard of the GEF, or debt-for-nature swaps, or the proceedings of the 4th World Wilderness Congress? Of course you haven't. The powers -that - shouldn't - be have decided it's better for their scheme if you don't.
By James Corbett
https://theinternationalforecaster.com/topic/international_forecaster_weekly/The_Debt_for_Nature_Scam
Meet Maurice Strong:
https://corbettreport.com/meet-maurice-strong-globalist-oiligarch-environmentalist/
Part I: The UN, Maurice Strong, Crestone/Baca, CO, and the “New World Religion”
(Scroll down and click on each Part)
https://911nwo.com/2023/12/18/part-1-crestone-baca-strong-nwr/
The Bank of England: A Criminal Enterprise - Part 1, By Anton Chaitkin
https://open.substack.com/pub/antonchaitkin/p/the-bank-of-england-a-criminal-enterprise?r=1kb28q&utm_campaign=post&utm_medium=web
The Bank of England: A Criminal Enterprise - Part 2, By Anton Chaitkin
https://open.substack.com/pub/antonchaitkin/p/the-bank-of-england-a-criminal-enterprise-852?r=1kb28q&utm_campaign=post&utm_medium=web
So how do “We the People” defeat “THEM?”
The first step in returning “Power to the People” is by taking back control over the money supply and instituting a National Bank with a National Credit System.
“THEIR” Central Bank/Federal Reserve System was created with the simple scam trickery of deluding “We the People” into thinking that our government needs to borrow other people’s money in order to buy the products that the government consumes and pay for the services that the government provides.
The Banksters devised a gimmick where the Treasury Department creates Treasury Bonds “OUT OF THIN AIR” and PAYS interest to the buyers of those bonds. Then the Bastards slyly got the government to pass a Constitutional Amendment authorizing the government to collect Income Taxes so that there would always be a steady stream of tax revenue from which to pay the interest on all of the bond debt.
“We the People” can easily turn the tables on the Bankster Bastards by taking away their control over the money supply and their perpetual source of revenue from the interest they collect on the Treasury Bonds they fabricated and own.
THE SOLUTION:
Instead of the government creating Treasury Bonds “OUT OF THIN AIR” and PAYING Interest to the buyers of those bonds, the government creates Loans “OUT OF THIN AIR” and COLLECTS Interest from the borrowers of those loans.
The Great Bankster Debt Scam!
https://open.substack.com/pub/william3n4z2/p/the-great-bankster-debt-scam?r=1kb28q&utm_campaign=post&utm_medium=web
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web
The American System of Political Economy
https://open.substack.com/pub/william3n4z2/p/the-american-system-of-political?r=1kb28q&utm_campaign=post&utm_medium=web
History of Globalism: The American System of Political Economy Vs The British System of Political Economy
https://open.substack.com/pub/william3n4z2/p/history-of-globalism-the-american?r=1kb28q&utm_campaign=post&utm_medium=web
SCARCITY = DEPENDENCY = CONTROL
GLOBALISTS CREATE GLOBAL CRISES TO JUSTIFY GLOBAL GOVERNANCE
The Great Taking
https://thegreattaking.com/
Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?
By Ellen Brown on Substack
https://open.substack.com/pub/ellenbrown/p/casino-capitalism-and-the-derivatives?r=1kb28q&utm_campaign=post&utm_medium=web
https://scheerpost.com/2024/01/15/ellen-brown-casino-capitalism-and-the-derivatives-market-time-for-another-lehman-moment/