Ron: This presenter iterates the relatively minor point that the fractional reserve banking system empowers those who receive new fraudulently created bank currency first, implying that is the main effect.. It isn’t. The real THEFT perpetrated by the bogus creation of currency by fractional reserve banking is the fact that ALL currency (other than less than 3% of bank notes issued by each Treasury to convey the appearance that the Treasury is issuing the nation's money) is created out of thin air by banks placing book debt entries in "borrowers'" accounts. By doing that banks fraudulently steal ALL of the face value of those meretricious book entries. . That means that over 97% of the currency in circulation is bogus and subsequent “repayments” of those chimeric amounts are indirectly pocketed by the shareholders of private banking corporations with only the costs of operating the banking system and bribing and/or coercing politicians etc being deducted, plus, of course, the largesse the banksters dispense to their mates at mates’ rates or for nothing. That’s why, the MEGA Talmudic corporations like the Murdoch empire, Blackrock, Vanguard and State Street et al dominate the global economy.
Also, contrary to the implication in the video, taxes are not given to the Treasury to pay bank interest, they go directly to the IMF, the Vatican, the UK Royals etc.
Also, ask yourself, IF the money/currency allegedly loaned to the US government is real, WHY does the US government only pay the banks interest on it and NEVER pay (repay?) to them the principle amount which escalates every year?
The video commentary also falsely says the system is stealing prosperity from tomorrow to spend it today. That’s incorrect. TWhere it operates, the fractional reserve banking system enables the Khazarian Mafia (KM) banksters who run our world to steal up to 95% of today’s productivity, EVERY DAY, and to use it every day to create their lavish and wasreful lifestyles, space exploration forces, underground cities connected by Maglev trains, sex trafficking & adrenochrome farms and factories etc, while most of humanity experiences wage slavery, free range serfdom, poverty, scarcity, want and growing STRESS, sickness and ill health.he entire Western monetary cum banking system is totally fraudulent. It is, as this author says, a PYRAMID scheme, a PONZI SCHEME, a SCAM and a LIE. It truly is nothing but a form of legalised (but cosmically UNLAWFUL) theft. It is ostensibly "legal" because the same people who own the banks also own the private corporation governments like the US Inc, and the Commonwealth of Australia et al, and so they suborn politicians and collude with those governments to legislate to legalise the fraud involved.
The video’s exegesis is a bit complicated but more or less accurate except that when The Fed writes cheques & gives them to the Treasury or the banks it's isn't creating money it is pretending to create it in the form of meretricious currency, just as the commercial banks do when issuing their bogus loans. Also banks don't lend out their clients' “deposits” because they are NOT “deposits”, they are unsecured loans that banks invest but they don't tell their clients that. That's why banks can BAIL-IN so-called “deposits” when they face bankruptcy. Moreover, those "deposit" funds rank BELOW secured creditors in any subsequent liquidation of the bank.
As national Treasuries issue a tiny quantity of money in the form of coins and much less than 3% of the currency in circulation in the form of notes, (because the quantity of bank created derivative so-called currency is enormous) well over 97% of the currency in circulation consists of digital book entries in accounts made by banks. THAT is what this video audio refers to by stating:
'Our entire monetary system is totally fraudulent. It is a PYRAMID scheme, a PONZI SCHEME, a SCAM and a LIE. The Western global monetary system is nothing but a form of legalised (but cosmically UNLAWFUL) theft'.
This presenter says that digital book entries "are still currency". Arguably they aren't, if "currency" is meant to have any value. Book entries are NOTHING. Banks and governments PRETEND that book entries have value; (backed up by governments’ monopoly on FORCE & VIOLENCE used to FORCE populations to pay the banks. That enables the banks to then coerce the population into paying them the full amount of the imaginary sums of money appearing in bank accounts, PLUS compound interest until that chimeric amount is paid in full. THAT is worse than highway robbery or counterfeiting because robbers and counterfeiters don't charge compound interest in addition to the money they steal. This EXTORTION RACKET is monumental!
Also, the term "deficit spending" is bankster 'SPEAK' designed to conceal the truth that the process is fraudulent. The proper function of every national Treasury is the creation of sufficient asset backed money and currency (backed by the full faith and credit of the nation) to fund national government expenditures AND to facilitate the adequate exchange of goods and services by the general population. The failure and refusal of national Treasuries to do that creates the basis for every private banksters' PONZI scheme. That refusal by governments to require their national Treasury to create and issue adequate quantities of asset backed money and currency constitutes criminal COLLUSION between governments and The Fed & all other private Central Banks globally.
See eg: https://ronchapman.substack.com/p/cosmic-consciousness-and-its-energetic
And: https://ronchapman.substack.com/p/mileis-2024-davos-talk-directly-translated
IF each national Treasury issued it's respective nation’s money and currency, on an asset backed, interest free basis, ALL of the ill gotten gains of the banksters and their mates would disappear and so would global poverty because genuine interest free money and currency issued by national Treasuries would be left in the hands of global populations that create it. THAT would create instant prosperity and abundance for everyone. THAT is what is about to happen once the current fraudulent system collapses and is replaced by the QFS. BELIEVE IT, it's coming!
PS: The statement that 'TRUE WEALTH IS YOUR TIME' is spot on. The COLLUSION between governments and the banks is forcing us to: "...trade away our time for numbers someone printed on paper or typed into a computer. Those numbers represent our blood, sweat, tears, labour, ideas and talent. WE are what gives the currency its VALUE".
IF humanity wishes to nominate a common value to be ascribed to all money /currency on a global basis a suitable measure would be one hour of the time of human beings since that is common to everyone.
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