Banking System PDF

7/28/2019 Banking System PDF

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BANKING; THE SYSTEM, THE FAMILIES, THE

ALTERNATIVES

"The study of money, above all other fields in economics, is one in whichcomplexity is used to disguise truth or to evade truth, not to reveal it…

The process by which banks create money is so simple that the mind is

repelled." - John Kenneth Galbraith

With the current economic crisis unraveling before our eyes, it’s a goodtime to begin trying to understand the banking system. Unfortunately they

didn’t teach us about the creation of money at my school, or about the

banking families in charge of promoting and facilitating the currentsystem. Probably a wise thing; they might well have had a riot on their

hands if they had.

It appears that in virtually every society throughout history, the ‘money

men’; the group of people in charge of issuing and controlling the money

supply, not only controlled the money but also ruled the society.

Fortunately many great men, politicians and the bankers themselves have

all spoken on this issue and I will quote their words throughout this

article. Who are we to disagree with them?

“History records that the money changers have used every form of abuse,

intrigue, deceit, and violent means possible to maintain their control over

governments by controlling money and its issuance.” -James Madison

Many thinkers from Aristotle to the Popes of the church have all

criticised charging interest on money. The church called it Usury.

Aristotle forbade interest on loans saying it was immoral.

In a nutshell; people used to carry around gold coins (and other forms of

wealth to trade in different societies), however people found carrying

around gold to be cumbersome so they would leave the gold with bankers

and the bankers would give them a paper receipt to trade with. The

bankers soon realized that people never came to the bank to all at once to

take their gold back, so the bankers would lend out extra paper notes to people in the form of loans and then charge them interest on the loans.

This technique is called fractional reserve banking and typically they

would loan out ten times the amount they held on deposit. So for every

one pound of gold the bank had they would loan out ten pounds in paper notes. The bankers soon became very rich.



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The bankers then realized that they could grow the economy by issuing

lots of money and then retract the economy by stopping loaning anymore

money and calling in the loans that they had made. So for those peoplewho had fallen behind on payments they couldn’t get another loan and so

were forced to sell their assets; homes, businesses ect.

During this phase of retracting the currency lots of people would be

selling their assets. This creates further panic and drives prices down andthe bankers would buy up everything on the cheap thus consolidating

more and more wealth and real power.

This cycle is termed the business cycle or boom to bust. It is however a

crafty way of manipulating the economy and consolidating wealth in the

hands of a few. This cycle happens constantly throughout history, and weare experiencing a new downturn or asset-grab, right now.

“If the American people ever allow private banks to control the issue of

their currency, first by inflation, then by deflation, the banks...will

deprive the people of all property until their children wake-up homeless

on the continent their fathers conquered.... The issuing power should be

taken from the banks and restored to the people, to whom it properly

belongs.... The modern theory of the perpetuation of debt has drenched

the earth with blood, and crushed its inhabitants under burdens ever

accumulating.” -Thomas Jefferson

If you study a brief history of the past few hundred years you will

uncover that the Bank of England and the Bank of France, both privately

owned centralized banks, held the bulk of power in Europe and through

deceitful schemes established in 1913 the central private bank in America

called the Federal Reserve.

The dominant family in European banking and the family reputed to be

secretly one of the richest and most powerful in the world is theRothschild family.

"Give me control of a nation's money and I care not who makes the

laws." Mayer Amschel Rothschild

The other well known banking families which dominate the Anglo

American elite are; the Warburgs, the Schiffs, the Morgans, and the

Rockefellers, amongst others.



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During the American civil war President Abraham Lincoln issued a new

currency and found the practice to be quite successful.

“The Government should create, issue, and circulate all the currency and

credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the

taxpayers will be saved immense sums of interest. Money will cease to be

master and become the servant of humanity.” -Abraham Lincoln

To which the European elite responded:

"If the mischievous financial policy, which has its origin in North

America, shall become endurated down to a fixture, then that

Government will furnish its own money without cost. It will pay off debtsand be without debt. It will have all the money necessary to carry on its

commerce. It will become prosperous without precedent in the history of

the world. The brains, and wealth of all countries will go to North

America. That country must be destroyed or it will destroy every

monarchy on the globe." Times of London, 1863

(Thanks Times of London, glad to see you were representing the people

back then, even if you don’t now…)

Abraham Lincoln was duly assassinated.

"The death of Lincoln was a disaster for Christendom. There was no man

in the United States great enough to wear his boots and the bankers went

anew to grab the riches. I fear that foreign bankers with their craftiness

and tortuous tricks will entirely control the exuberant riches of America

and use it to systematically corrupt modern civilization." - Otto vonBismarck, German Chancellor (1815-1898), after Lincoln’s assassination.

Like I said earlier the Federal Reserve in America was established under deception in 1913, this was due to many brave men knowing and

thwarting the big bankers in the years that preceded its’ founding.

"Whosoever controls the volume of money in any country is absolute

master of all industry and commerce... And when you realise that the

entire system is very easily controlled, one way or another, by a few

powerful men at the top, you will not have to be told how periods of

inflation and depression originate." - James Garfield (assassinated within

weeks of release of this statement during first year of his Presidency in1881)



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Indeed once these families owned the centralized banks they were able to

loan and fund all other types of industry and commerce such as the

diamond industry, oil and other infrastructure. This is how these familiesand a few more of their like minded peers have enriched their way to the

tops of our societies and sit atop of the pyramid, (so to speak).

“Since I entered politics, I have chiefly had men's views confided to me

privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of

something. They know that there is a power somewhere so organized, so

subtle, so watchful, so interlocked, so complete, so pervasive, that they

had better not speak above their breath when they speak in condemnation

of it.” – President Woodrow Wilson, 1913.

It’s important to remember that when I talk about the big bankers or

banking families I don’t mean all banking entities but I do mean a select

few families who hold the power of the central banks.

They use their power and wealth to finance both sides of wars for

instance they gave money to build up the Nazi War machine as well as

the allies, the Communist Russians and Mao’s China. The big Bankers

see themselves as internationalists and are not patriotic to any nation or

it’s people.

"When a government is dependent upon bankers for money, they and not

the leaders of the government control the situation, since the hand that

gives is above the hand that takes... Money has no motherland; financiers

are without patriotism and without decency; their sole object is gain." --

Napoleon Bonaparte, 1815

Our governments take loans from these men and the debt we the people

pay off with our taxes.

In the current depression we have again seen a collapse of banks and nowretail as the ‘money men’ restrict the supply of money. The governments,

at the behest of the big bankers have proceeded to print billions and

trillions of pounds and dollars, which they are giving to the banks which

they own or have interests in. They will use this money, when the time is

right, to buy up all the cheap assets. It is consolidation of power. The big

eating the small, or in the present climate; the big eating the medium…



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“We are on the verge of a global transformation. All we need is the right

major crisis and the nation will accept a New World Order.” – David

Rockefeller

I wouldn’t be surprised in the far future if there was only one bank andonly one shop ect.

The banker ‘bailouts’ are a huge scam and the fact that the people don’tunderstand what is going on and aren’t in uproar about it, shows our

ignorance and powerlessness.

“Banking was conceived in iniquity and was born in sin. The Bankers

own the Earth. Take it away from them, but leave them the power tocreate deposits, and with the flick of the pen they will create enough

deposits to buy it back again. However, take it away from them, and all

the great fortunes like mine will disappear, and they ought to disappear,

for this would be a happier and better world to live in. But if you wish to

remain the slaves of Bankers and pay the cost of your own slavery, let

them continue to create deposits." - Sir Josiah Stamp, Director of the

Bank of England 1928.

The above quote shows us the sadomasochistic mentality of these

bankers. They are like the children with their hand in the cookie jar,gorging themselves and with no one to stop them. Perhaps they want to

be stopped; no doubt they will fight to the end, for the power creating

money gives them.

Stopping the international bankers and alternatives to the present model:

If history has taught me one thing it is that the big banker families are

determined to hold on to their power and are willing to cause murder and

war to achieve this end.

If for instance a nation such as Britain, did manage miraculously tointroduce money reform, undoubtedly bankers in other nations would

club together and crush us until we reverted back to the current model.

However we should certainly attempt to bring about money reform

nonetheless.

Fractional reserve banking backed by gold as mentioned at the beginning

of the article, has long since been abandoned. The ratio of ten to one is



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said to be more like one hundred to one if not one thousand to one in

today’s climate.

One solution that the elite may offer is a return to the gold standard; i.e.

money backed once again by gold as opposed to backed by nothing,which it is today. However this is no solution as gold is very scarce and

the elite own or have rights to virtually all the gold. ‘He who has the gold,

makes the rules.’

I’m not really knowledgeable enough at the moment to discuss a proper

solution, however a Lincoln style situation where the government prints

the money and spends it into the economy and gives it out in interest free

loans may be a much fairer solution. In this scenario with the government

not needing to pay off any loan to the private bankers, (which is thesituation at the moment), taxes could be reduced and the public would

have more money to spend as it pleases thus boosting the economy

further.

Sorting out the ‘banking situation’ and taking the power away from these

ludicrously rich and evil families should be a priority for everyone.

I recently found this website promoting money reform, check it out:http://www.moneyreformparty.org.uk/

Watch the short documentary, Money as Debt:

http://video.google.com/videosearch?q=money+as+debt&emb=0&aq=f#

Watch the long documentary, The Money Masters:

http://video.google.com/videosearch?q=money+as+debt&emb=0&aq=f#q=the%20money%20masters%20full&emb=0

All the best.

Lots of love, think freely, spread the word, and take action.

Olly. www.freehumanity.co.uk

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