(Michael Snyder) Even though the nations of the globe are real deeply divided on almost everything else, somehow virtually all of them take away hold been convinced that key banking is the way to go. Today, less than 0.1% of the population of the globe lives inwards a province that does non take away hold a key bank. Do you lot intend that at that topographic point is whatsoever possible way that this is a coincidence? And it is also non a coincidence that nosotros are forthwith facing the greatest debt bubble inwards the history of the world. In Part I of this series, I discussed the fact that total global debt has reached 217 trillion dollars. Once you lot sympathize that key banks are designed to create endless debt, together with in 1 lawsuit you lot sympathize that 99.9% of the global population lives inwards a province that has a key bank, thus it finally makes feel why nosotros take away hold accumulated thus much debt. The elite of the globe utilization debt as a tool of enslavement, together with key banking has allowed them to literally enslave the entire planet.
Related: How The Elite Dominate The World – Part 1: Debt As Influenza A virus subtype H5N1 Tool Of Enslavement
Source - Economic Collapse
by Michael Snyder, Oct 16th, 2016
Some of you lot may non last familiar amongst how a “central bank” differs from a normal bank. The next Definition of a “central bank” comes from Wikipedia…
Influenza A virus subtype H5N1 key bank, reserve bank, or monetary potency is an establishment that manages a state’s currency, money supply, together with interest rates. Central banks also unremarkably oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a key depository fiscal establishment possesses a monopoly on increasing the monetary base inwards the state, together with unremarkably also prints the national currency,[1] which unremarkably serves every bit the state’s legal tender.
Over the yesteryear 100 years or so, nosotros take away hold seen key banks steadily last established all over the planet. At this point, at that topographic point are just 8 real modest nations that withal exercise non take away hold a key bank…
-Andorra
-Monaco
-Nauru
-Kiribati
-Tuvalu
-Palau
-Marshall Islands
-Federated States of Micronesia
When you lot add together the populations of those 8 nations together, it comes to much less than 0.1% of the global population.
But fifty-fifty though key banking is nearly universal, only a real modest fraction of the global population tin tell you lot how money is created.
Do you lot know where money comes from?
Here inwards the United States, most people just assume that the federal regime creates money. But that is non truthful at all.
Many are absolutely shocked when they uncovering that U.S. currency is truly borrowed into existence. The federal regime gives U.S. Treasury bonds (debt) to the Federal Reserve inwards substitution for money that the Federal Reserve creates out of sparse air. The Federal Reserve thus auctions off those bonds to the highest bidder.
Since the federal regime must pay involvement on those bonds, the amount of debt that is created inwards these transactions is truly greater than the amount of money that is created. But nosotros are told that if nosotros tin just circulate the money throughout our economic scheme fast plenty together with revenue enhancement it at a high plenty rate, thus nosotros tin eventually pay off the debt. Of course of written report that never truly happens, together with thus the federal regime e'er has to croak dorsum together with borrow fifty-fifty to a greater extent than money. This is called a debt spiral, together with at this betoken nosotros volition never last able to escape it until nosotros exercise away amongst this horrible system.
But why does our regime (or whatsoever regime for that matter) take away hold to borrow money that is created yesteryear a key depository fiscal establishment inwards the rootage place?
Why can’t governments just create money themselves?
Oops. That is the large hugger-mugger that nobody is supposed to utter about.
Theoretically, the U.S. regime doesn’t truly take away hold to borrow a unmarried penny. Instead of borrowing money the Federal Reserve creates out of sparse air, the federal regime could just create money straight together with pass it into circulation.
Yes, this could truly happen. Back inwards 1963, President John F. Kennedy signed Executive Order 11110 which authorized the U.S. Treasury to number debt-free “United States Notes” which were non created yesteryear the Federal Reserve. These debt-free notes began to last issued, together with you lot tin withal observe them for sale on eBay today. Unfortunately, President Kennedy was assassinated presently subsequently this executive monastic say was issued, together with the notes were non inwards production for long.
If nosotros had ultimately fully adopted “United States Notes” together with had phased out Federal Reserve notes, nosotros would non last 20 trillion dollars inwards debt today.
The elite of the globe dearest to acquire national governments deep into debt, because it enables them to enslave entire populations patch making an obscene amount of money inwards the process.
Back inwards 1913, an insidious programme was rushed through Congress just earlier Christmas that was based on a pattern that had been developed yesteryear real powerful Wall Street interests. Author G. Edward Griffin did an extraordinary chore of documenting how all of this happened inwards his majority entitled “The Creature from Jekyll Island: Influenza A virus subtype H5N1 Second Look at the Federal Reserve”. Influenza A virus subtype H5N1 key depository fiscal establishment was established, together with it was purposely designed to create a regime debt spiral, together with that is just what happened.
Since 1913, the size of the national debt has gotten to a greater extent than than 6,000 times larger, together with the value of our dollar has declined yesteryear to a greater extent than than 98 percent. Many conservatives are withal nether the illusion that nosotros could exit of debt someday if nosotros just grow the economic scheme fast enough, but I take away hold shown inwards some other article that nosotros take away hold gotten to the betoken where this is mathematically impossible.
And most people are also operating nether the imitation supposition that the Federal Reserve is role of the federal government. But that is non accurate either. The next comes from 1 of my previous articles…
There is oftentimes a lot of confusion virtually the Federal Reserve, because a lot of people intend that it is just an way of the federal government. But of course of written report that is non truthful at all. In fact, every bit Ron Paul likes to say, the Federal Reserve is virtually every bit “federal” every bit Federal Express is.
The Fed is an independent key depository fiscal establishment that has fifty-fifty argued inwards courtroom that it is non an way of the federal government. Yes, the president appoints the leadership of the Fed, but the Fed together with other key banks around the globe take away hold e'er fiercely guarded their “independence”. On the official Fed website, it is admitted that the 12 regional Federal Reserve banks are organized “much similar individual corporations”, together with they real much operate similar individual entities. They fifty-fifty number shares of stock to the individual banks that ain them.
In illustration you lot were wondering, the federal regime has nada shares.
According to the U.S. Constitution, a individual key banking cartel should non last issuing our currency. In Article I, Section 8 of our Constitution, Congress is exclusively given the potency to “coin Money, regulate the Value thereof, together with of unusual Coin, together with gear upwards the Standard of Weights together with Measures”.
So why inwards the globe has this potency been given to a key bank?
The truth is that nosotros exercise non take away a key bank.
From 1872 to 1913, at that topographic point was no key depository fiscal establishment together with no income tax, together with it turned out to last the greatest menstruum of economical increment in all of U.S. history.
But since the Fed was established, at that topographic point take away hold been xviii dissimilar recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.
Abolishing the Federal Reserve is one of the nitty-gritty issues of my platform, together with I take away hold been writing virtually these things for the in conclusion 7 years.
As I discussed yesterday, the elite utilization debt to enslave all of the residuum of us, together with key banking allows them to literally dominate the entire planet.
Until nosotros abolish this debt-based arrangement together with croak to a currency that is debt-free, nosotros are never going to permanently solve our real deep long-term economical together with fiscal problems.
But because they are thus immensely wealthy, the elite are able to wield extraordinary influence inwards our society. They command the mainstream media, our politicians together with fifty-fifty global institutions such every bit the United Nations. Anyone that would dare to inquiry the validity of the electrical flow arrangement is marginalized, together with for a long fourth dimension real few politicians around the globe were fifty-fifty willing to speak out against key banking.
However, that is starting to change. Influenza A virus subtype H5N1 novel generation of leaders is ascension up, together with they are absolutely determined to suspension the stranglehold that the elite take away hold on our society. It won’t last easy, but if nosotros are able to wake plenty people up, I believe that nosotros volition eventually last able to gratis ourselves from this insidious system.
About the Author
Michael Snyder is a Republican candidate for Congress inwards Idaho’s First Congressional District, together with you lot tin acquire how you lot tin acquire involved inwards the movement on his official website. His novel majority entitled “Living Influenza A virus subtype H5N1 Life That Really Matters” is available inwards paperback together with for the Kindle on Amazon.com.
Michael Snyder is a Republican candidate for Congress inwards Idaho’s First Congressional District, together with you lot tin acquire how you lot tin acquire involved inwards the movement on his official website. His novel majority entitled “Living Influenza A virus subtype H5N1 Life That Really Matters” is available inwards paperback together with for the Kindle on Amazon.com.
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