Modern banking system

 

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." – Henry Ford.

“Let me issue and control a nation’s money and I care not who writes the laws.”  - Mayer Rothschild.

You may be familiar with the quotes above. If you put them together, something starts to make sense.

Well, after 1971, the banks stopped using gold as a back up for issuing money. Meaning that the money on circulation didn’t correspond to the amount of gold in the government safes.

This was called from Latin: fiat money or just created money in English…

What does this mean? It means that the banks can create an unlimited amount of money just based on the promise that it will be paid back one day… No need to have an amount of gold with the same value at the banks.

What happens if the people who got the money from the bank can’t pay them back? Well, total economic collapse.

And that’s where we are heading.

Unfortunately, our governments are also to blame because they are accomplices of the bankers.

The way our monetary system works, is that the government loans money from the private banks, with the promise they will pay it back. The banks on the other hand lend this money to the governments charging of course an interest rate. The government invests the money in any business that they seem to need and in return pay the banks the loans back and the respective interest rate. But most of the government business is not very lucrative and most of the money used to pay back the loans and its respective interest rates come from the taxpayers pockets.

Yes you heard it correctly, we, the tax payers, pay to the private bankers money from our sweat.

So why is that? Why does the government take loans from the private banks? Well, the answer is simple but not easy… Corruption.

The governments should not rely on the private banks to give them money, they should have a separate money issuing system independent form the private sector.

But in the words of the great banker Rothschild as above, it’s interesting that the governments are dependent on private banks, so the bankers not only control the economy but also the politics!!!

Some may say it’s wrong. “No! the government issues their own money indeed.” Well, this also happens but only in very particular situations where the central banks issue money, the governments buy this money with bonds and this money is injected again in the private banks system to warm up the economy. On normal business days, the money used by the government comes from the private banks.

See now why Henry Ford mention that statement? Indeed, a revolution should take place. The people should demand to the governments, not to get loans from the private banks anymore.

Because this way, the way it is nowadays, there is no democracy. There is only the will of the banks. If we separate the banks from the government, we may recover the democratic society again.