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. Money deposited in accounts goes into a reserve upon which credit can be issued. In the US credit can be issued to seven times the reserve, in international banks (offshore 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 effect. A […] Read More