The Bankster Families and the History of Money

Tell someone you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth.  It is fascinating and almost magical how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably simular way. Consider the American Indians using Wampum, West Africans trading in decorative metallic objects called Manillas and the Fijians economy based on whales teeth, some of which are still legal tender; add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number of stones including jade and quartz which have all been used for trade across the world, and we get a taste of the variety of accepted currency. […] Read More

How Banks Create and Destroy Money

The Money Lenders by  Quentin Metsys – 1466 “I’m just a banker do doing God’s work.”  Lloyd Blankfein Much has been said about both the moral hazard of banks being bailed out and people bailing out of mortgages. The major question raised was, would this ‘bailout’ contagion infect the integrity of our economic and political system?  But far more interesting and much less discussed are the mechanics of modern banking and their moral implications. During the housing boom trillions were loaned out in mortgages creating a housing bubble and the eventual collapse of the financial markets. But where did all that money come from? The vast majority of people think that banks borrow money from the Fed or depositors at one rate, lend it at another and make a spread. This concept is completely false. Banks create money, loan it out, make their margin through compound interest, and destroy […] Read More

2006: thirteen families effectively control the central banks

by slave Monday, Apr. 10, 2006 at 8:52 PM NEW WORLD ORDER thirteen families effectively control the central banks of all the hard-currency countries. These “control banks” all practice FRACTIONAL RESERVE BANKING, which is perfectly legal in the US. Fractional reserve banking means that the bank is only required to hold on hand the small fraction of money (5%) that is needed to cover the fraction of deposits likely to be drawn upon and cashed. Moneys deposited in accounts go into a reserve upon which credit can be issued. In the US credit can be issued to seven times the reserve, in international banks (off shore establishments) twenty times the reserve can be issued as credit. It is imp[ortant to understand this concept in order to understand the larger picture. In the mid 1970s, the final phase of System 2000, a “global creditors’ unilateral totalitarian plan” was put into […] Read More