Here is a good example of the gobbledook spruiked by economists and the banking commentariat about money and banking. It is well worth a listen to get a grip on how the banksters conceal their rape of most nations under the fractional reserve banking system using shills schooled economics in the Rockefeller/ Rothschilds’ global miseducation and university systems. If this speaker leaves you confused you should be, that is the purpose of the ‘science’ of economics.* After all you are supposed to believe that markets are “free” and your scrabbling hand to mouth, debt ridden, ‘free range serf’ lifestyle is down to the wisdom of free markets. The only thing “free” about markets in our world is the endless bullshit about it presented to you on the nightly “News” and in the MSM and universities generally.
See: Rothbardians vs "Free Bankers" on Fractional Reserve Banking | Robert P. Murphy -
Here’s my ‘take’ on it.
Banks in the Western Central Banking system don’t lend money. They PRETEND to lend money by placing book keeping entries into clients’ accounts and SAYING they are lending it. Calling those book entries “fiduciary media” as this speaker does, or “currency” as some people tend to do, doesn’t change that. This speaker also says that bank “notes” (currency) are exchangeable for gold. They aren’t. Banks do not exchange gold for bank debt notes which are what the banks issue as currency.
This speaker also denies that fractional reserve banking creates inflation and BOOMS and BUSTS.
I disagree. The banksters’ primary methodology is fractional reserve banking. That system allows banks to allegedly lend 90% of the deposits they receive from clients but in practice today Central Banks do not require banks to even hold 10% of “deposits” as reserves. Moreover, monies “deposited” with banks are NOT “deposits” they are unsecured loans although the banks don’t tell clients that. That means that banks can and do use those funds to invest. Banks do not use clients’ “deposits” to lend to bank “borrowers” at all.
See:
This means that in the event of a bank facing bankruptcy it can legally BAIL-IN its so-called bank “deposits” by converting them to shares in the bank. Thus, if the bank is liquidated the banks’ so-called “depositors” rank below all secured creditors in the final accounting.
The reason that bank fractional reserve lending necessarily creates INFLATION i.e. a DEFLATION in the value of currency in the economy, is that the system necessarily devalues currency automatically. Today a US dollar (i.e. a US debt token) probably buys 2% of what a gold backed dollar could purchase in 1971 when the US dollar went off the gold standard internationally; and even less than what it bought in 1933 when USans ceased being able to exchange the bankers’ debt notes for gold.
The banks’ claims about the need to increase interest rates to curb inflation are bogus. Be aware that inflation actually evidences the DEVALUATION of currency caused by the banks’ fractional reserve banking practices. Prices of goods and services ‘increase’ because the value attributed to bank debt note currency DECREASES.
This occurs because banks only PRETEND to lend the principal sum involved in loans and NEVER even purport to create or issue the currency (bank debt tokens) needed to pay the interest they charge on loans. That means there is always a shortage of currency (bank debt tokens aka ‘notes’ ) in the economy AND that shortage grows with every loan issued. The only way to keep this shonky system going at all is for the banks to constantly issue loans for ever-larger face value amounts of currency so that some of that currency can be syphoned off to pay existing interest payments. The system is obviously unstable and usually lasts, at best, some 50-55 years. The existing system began in the US in 1971.
The reason that inflation and the BOOM/BUST economic cycle that results in increasing poverty, scarcity and want are a continuous feature of Western economies is that their national governments have stopped creating and issuing asset backed money, backed by the full faith and credit of the nation, and now issue free licences to private banks to PRETEND to create and issue it.
The present iteration of the Western money system started in the US in 1971 when the US went off the gold standard internationally. You cannot exchange bank currency (i.e. a bank debt note) for gold anywhere. THAT is a fundamental misdirection in this erudite video presentation.
Today banknotes (currency) are worth whatever someone is prepared to pay for them. Given the pending crash in the Petrodollar due to it being steadily replaced by BRICS monetary transactions, it and other western money/currencies, allied to it, is/are likely to fall substantially.
Fortunately the leaders of the BRICS nations are in covert coalition with President Trump and so the transition away from the US dollar is being managed along with the “take-down” of the Rothschild’s Central Banking system and so the period of chaos caused by the global financial and banking systems imploding will be brief. Moreover, the transition to an honest global monetary and banking system has been planned and implemented so that honestly acquired wealth held in the global financial system will be preserved in the new system. That system will be hosted on global, unhackable Quantum computers via Star Link satellites and protected by Space Force.
The honest new monetary and banking systems that will be implemented after the coming global financial and banking implosion will require every national Treasury to issue the nation’s money, INTEREST FREE, backed by gold and precious metals AND the full faith and credit of the nation. Each nation’s money will be on PAR with the money emitted by all other nations and international trading will probably be transacted using the GLOBEC. The system will be supervised by the International Treasury controller (ITC). The fact that nations will resume creating and issuing their own money will eliminate income taxes, which are cosmically unlawful, and most other taxes. Tariffs and a tax of, say, 14% on purchases of non essential goods will probably be all that the drastically reduced national governments will need to operate effectively. It follows that commercial banking as we know it will disappear.
The reason for the global financial and banking crash and the need to replace it is visible in apparent criminality see: https://rumble.com/v3eom41-the-incredible-mortgage-scam.html and the rapidly deteriorating economic and societal world situation which governments, bankers and economists pretend is not happening, as illustrated by the video presentation discussed here.
The primary mechanism causing our global dystopia is the “Hidden Hand” of the market but It is only hidden because governments, the MSM and bankers, and their minions, tell us it is. The actual “Hidden Hands” stealing the productivity and wealth of our world belong to the Ashkenazi ‘Khazarian Mafia’ and their banker servants and agents.
From time immemorial governments have created and emitted money to purchase goods and services and to build infrastructure for the nation. Government creation and emission of the nation’s money is essential to enable the population to exchange goods and services and engage in societal intercourse. Western governments’ refusal to do that duty combined with their preventing their populations from bartering commercially or issuing their own asset backed money and currency has created a gigantic monopoly and EXTORTION RACKET run by Central Banks in cahoots with governments. For further discussion of this monopoly and EXTORTION RACKET see: https://ronchapman.substack.com/publish/posts/detail/136059270?referrer=%2Fpublish%2Fposts
Some history:
In England the fractional reserve banking system commenced in 1694 when King William III gave private bankers a free licence to establish the Bank of England and to pretend to lend his kingdom twice as much money as it held. That began the fractional reserve system in the British empire and the bankers quickly spread that practice by influencing King George III to abolish the Royal Tally Stick, currency system used in England from around 1200 AD until the mid 1770s. King George III thus forced the British American Colonies to stop using their own independently developed, very successful Colonial Scrip currency system in order to be able to pay King George’s taxes. That impoverished the American colonies and caused the American War of Independence.
The British empire spread the Bank of England’s fractional reserve banking system all over its global empire including the US. The final nail in the coffin for the US economy and most other Western economies occurred during the Great Depression in 1933 when, for instance, the US and other nations were surreptitiously segued into the Strawman mechanism as a supposed means for escaping from national bankruptcies caused by the KM globalist bankers.
The speaker in this video pretends that currency (what he calls “fiduciary media” (don’tcha just luv the obfuscatory rhetoric ‘economists’ use to dress up their pseudo science?!) is exchangeable for GOLD! THAT prevarication provides the basis for all of his specious arguments. In fact the digital book keeping entries that banks use to deceive clients into believing that they owe the bank a principal loan amount PLUS interest are BOGUS. Those book entries are not gold or backed by gold. They are NOTHING.
In fact, banks deceive clients into thinking that by signing a PROMISSORY NOTE (it isn’t a contract because the bank doesn’t sign it) for a supposed loan makes them debtors whereas they are CREDITORS (because they undertake to pay a stipulated amount of money.
THEN, the bank takes the promissory note and gives it to the national Treasury and gets reimbursed the full amount thereon by the Treasury FROM the client’s Strawman Trust account. The bank does nothing other than to convince a client to sign a promissory note thinking it is a loan contract; and placing a book keeping entry into the client’s bank account. BUT the bank then PRETENDS that the client has “borrowed” the so-called loan or mortgage amount and hence must pay to the bank the said amount PLUS interest. THAT is fraud and stealing under false pretences which becomes EXTORTION when governments COLLUDE with the banks to ENFORCE those false debts using Police, Courts and Prisons.
The bank steals the amount of the supposed loan because the national Treasury pays to the bank the full amount of the PRETEND loan from the “borrowers” Strawman Trust Account BUT the bank still demands that the “borrower” must pay it that loan amount PLUS interest. Over the course of a 30 year mortgage that interest usually equals about twice the original loan amount so the “borrower” ends up paying the banks THREE TIMES the value of the mortgage FOR NOTHING!
Upon termination of a mortgage whether for completion or default, the bank should refund to the CREDITOR the full amount paid to the bank including interest AND, if a deed of ownership is involved that should be returned to the so-called “borrower” with a guarantee of quiet enjoyment of the subject property.
To understand the effects of the implementation of the Strawman mechanism see the discussion by Barton Buhtz in An Investigative Report From the desk of Barton Albert Buhtz: https://famguardian.org/Subjects/MoneyBanking/UCC/InvestigativeReportUCC.pdf
For some history on how the Strawman mechanism arose see: Democracy, Deception, Deceit - they're all the same https://english.pravda.ru/opinion/126430-democracy_deception_deceit/
For some background on the Khazarian Mafia see: https://ronchapman.substack.com/p/the-fed-and-all-the-rothschilds-central
Ron
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