SPIVS—BANKERS!!!


 

        Those who are affected, most of us are, by the financial bubble burst, should understand that the very nature of modern banking is fraudulent. All the money made and lost is just a symptom of the real problem. Banks are allowed to lend many times more money than they have on reserve. They literally create money out of nothing. With the help of the central banks, these banks create as much money as they require. Loans go on their books as assets, on which more money is loaned. It is not actual physical reserves that they lend, but money that is printed according to how much money is demanded by loan applications and mortgages. This is why so much money has been lent to people that would never be lent real money. It comes out of thin air, not actual bank reserves. However the interest we pay back or the asset such as our house that could be seized are very real. Central banks are in a win-win situation.
          Some years ago our government relinquished the power to print money and set interest rates to the banks. The government now borrow from these banks and use our tax to pay back the loan and the interest charged by banks. Obviously the government is not in control, the banks are. They rely entirely on central banks for money. They are as hooked as we are as long as they allow banks to control money supply and interest rates. A government that borrows with interest from private banks, when it can create its own interest-free money, is a government of cretins or swindlers, more likely both. Our tax money is profit for the bankers.
         Basically, banks are allowed to lend several times more money than they have on deposit. When you sign a loan agreement for £X, they record this as an asset, the central banks print the money, you then pay the loan back with interest. They never lent you any of their money, they just had some printed by the central banks using your signature as surety. In the meantime, they are allowed to lend out at least ten times what you borrowed to other customers. The entire process is fraudulent, including the contract between you and the bank. They do not make you aware of the reality of the contract, which makes the contract illegal.
           The government gave control of money supply and interest rates to central, privately controlled banks, and borrows money from those banks, using your income tax as the security. A huge amount of our tax is just paying interest to these bankers when the government could control it and issue interest free money to itself instead. Also we should be aware of the fact the since Napoleonic times, banks have loaned money to both sides of most wars, wars are profitable to banks. People such as the ex governor of the Bank Of England, who has a fair insight into the system, have stated that banking is sleight of hand, and that if people understood banking there would be a revolution before tomorrow morning. Let’s hope the people come to understand the banking system quickly.

ann arky’s home.

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One thought on “SPIVS—BANKERS!!!

  1. Anarchy1: “The government gave control of money supply and interest rates to central, privately controlled banks, and borrows money from those banks, using your income tax as the security. A huge amount of our tax is just paying interest to these bankers when the government could control it and issue interest free money to itself instead.”
    Jct: That’s putting the scam right. See my How banks create money http://www.youtube.com/watch?v=WefdeNLup3M and cheer up, Interest-free currencies in recent media  http://www.youtube.com/watch?v=ipq2g1QC9Ik

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