Banking RENAISSANCE

CORRUPTION in Banking 

A most difficult policy to grasp for many.

Appreciation of the fact that private banks increase the quantity of money by manufacturing credit money, is MOST important.  Indeed, private banks have licences to create unearned money, lend it to government and citizens, and legally expect to be paid earned interest money and to be repaid this loan with earned capital money. If some debtors can’t pay, the banks can legally seize fixed assets like their homes. Most people don’t know that the Federal Reserve Bank [USA Central Bank] has no reserves and is not Federal – it’s a privately owned joint stock company controlling the people financially. The Australian Reserve Bank [RBA] is publicly owned but controlled by private banks.

Yes, it’s so hard to believe that any government would condone this immoral but quite legal counterfeiting of your sovereign credit money. But then it is also so hard to believe that we have so many morally corrupt bankers & politicians – not all exposed. And these same politicians push for less grassroots control at the national level over banking and currency in favour of distant centralised control. But remember what Henry Ford said, “If the American people understood banking, there would be a social revolution before morning.” He was right – & today’s banking system is still a farce.

Simply, does it amaze you that private banks don’t receive new money to increase their deposits for commercial lending from our Reserve Bank in the form of a loan to be paid back  to the Reserve Bank [supposedly representing the Govt. of our people!], with interest – they get it by creating credit money !!

Some observations: 1. Real Estate has agents who buy & sell houses and borrow & lend [rent] houses for clients on COMMISSION. Nothing wrong with that – they earn it. 2. Banking has agents who buy & sell money [foreign exchange] and borrow & lend money for clients on COMMISSION. Nothing wrong with that – they earn it. 3. Both types of agency charge fees for certain services e.g. rental management, financial advice. Nothing wrong with that – they earn it.

But private Real Estate agents do not create the houses they lend; private banking agents lend money they have created

Simply, we should not allow private banks to have a licence to create credit. It is not only legal theft, it makes for an inflation rate of at least 2-3% which the banks claim is “acceptable”. The money supply must be completely in our sovereign government’s hands!