How bankers rob America and the whole world

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

Many do not fully understand the process of "creating money out of thin air" by central banks around the world. As well as the fact that inflation is a hidden tax that actually confiscates property of citizens in favor of the state, see the graph.

In 2011, the editors of the MoR translated the classic work of the Federal Reserve System ("FRS") of the famous American researcher Eustace Mullins (Eustace Mullins) about how a handful of Jewish bankers under the general leadership of the Rothschild clan enslaved the American people in 1913, seizing complete control over US money and credit under the guise of a private Fed bank. The attitude of the Jews to the "goyim" prescribed by the Talmud - boundless arrogance or "chutzpah" - was nowhere manifested so vividly as in this seizure and control of an entire country.

The article below is based on the facts set forth in The Creature from Jekyll Island, by G. Edward Griffin; American Opinion Publishing, Inc., 1995. American Opinion Publishing, Inc., 1995. One-Hour Interview of Jekyll Island On March 25, 2011, the famous Foxnews TV presenter Glenn Beck about this book and the Fed as a whole cost him his job - a week after this interview, Glen Beck suddenly announced that "by mutual agreement" he was leaving Foxnews … that his program was very popular, attracting an average of about 3 million TV viewers every day.

In contrast to the previous editions of the MoR editors, this article describes in DETAIL the operations of "making money out of thin air" by the FRS in its "Operations on the Open Market".

The most important method the Fed uses to create paper, unsecured money is by buying and selling securities on the open market. But, before plunging into this topic, a little warning - don't hope to understand anything. You just find out HOW THEY do it.

The trick is to use words and phrases that don't have the same technical meaning as for a mere mortal. Therefore, maximum attention should be paid to banking jargon: it is intended not to explain, but to obscure. Despite the apparent confusion, the process is not complicated. It's just absurd.

The whole fraudulent combination starts with …

PUBLIC DEBT

The federal government adds ink to a sheet of paper, creates an impressive pattern around the edges of the sheet, and calls it a "bond" or "Treasury note." In fact, it is simply a note of debt - a promise to pay the indicated amount with the specified interest on the specified date. As will become clear below, this debt ultimately becomes the basis for almost the entire money supply of the entire country. [Debt obligations from the private sector and other governments are also used in the same way, but US government securities are the primary instruments.]

In fact, the government created cash by issuing bonds, but it doesn't look like that yet. The Fed's function is to convert these IOUs into paper money and money in the form of checks. To accomplish this metamorphosis, known as "debt monetization", bonds are transferred to the Fed, where they are classified as …

ASSETS IN SECURITIES (Security assets)

Government debt bonds are considered an asset because the government is expected to keep its promise to pay them back. This assumption is based on his ability to obtain all the funds he needs through taxation. Thus, the strength of this asset is to take back what it gives. Thus, the Fed has acquired an "asset" that can be used to cover debt. The Fed then creates that debt by adding ink to another sheet of paper and exchanging it with the government for "assets."

This second sheet of paper is …

FRS CHECK (or a "debt monetization" instrument)

There is no money in any account to cover this check. Any mere mortal who did this would go to jail. But the Fed is allowed this because Congress [US] needs money, and this is the easiest way to get it (raising taxes would be political suicide; depending on the public to buy all the bonds is not realistic, especially given that interest rates are artificially low; and printing a very large amount of paper money will be clearly and contradictory). With the same method, the whole process of "debt monetization" is mysteriously hidden in the depths of the banking system.

The end result, however, is the same as the inclusion of a state-owned printing press to produce paper money (money commissioned by the government and unsecured) to pay government spending. However, in the area of accounting terms, books are said to be "balanced" because the money owed is offset by the IOU's "asset". A Federal Reserve check received by the government is credited and sent back to one of the Federal Reserve Banks.

where does he now become …

GOVERNMENT DEPOSIT

Once a Fed check is deposited into government accounts, it is used to pay government spending and thus

turns into a lot …

GOVERNMENT CHECKS

These checks become the vehicle through which the first wave of paper money floods the economy. Recipients deposit them into their own bank accounts, where do they become …

COMMERCIAL BANK DEPOSITS

Commercial bank deposits are immediately subject to a split personality. On the one hand, they are the obligations of the bank, which is obliged to return them to depositors. But, as long as they are in the bank, they are also treated as assets, since they are physically in the bank. As before, the books are balanced: the assets cover the debt.

But the process does not stop there. Through the magic of fractional reserve banking, deposits serve additional and more lucrative purposes. For this, the deposits on hand are now reclassified in the books

and are called …

BANK RESERVES

Reserves for what? To pay off debts to depositors if they want to close their accounts? No, they served this modest function when they were classified as simple assets. Now that they are called "reserves", they become a magic wand for issuing even more paper money to the mountain. This is where the real business is done: at the commercial bank level.

This is how it works. The Fed allows banks to keep only 10% of their deposits in “reserve”. That is, if they receive $ 1 million in deposits from the first wave of paper money created by the Fed, they have $ 900,000 on top of what they are required to hold ($ 1 million minus 10% reserves). In the thug jargon of bankers

these 900 thousand are called …

EXCESS RESERVES

The word "surplus" is a signal that these so-called reserves have a special destiny. Now that they have been converted to "surpluses", they are viewed as available funds for lending (issuing loans at interest). So over time, these excess reserves turn into …

BANK LOANS

But wait a minute. How can this money be lent out when its owners - the original depositors - can still write checks and spend them at any time? Isn't this a double use of the same money? The trick here is that when new loans are issued, they are not made from the same money. They are made from new money created from thin air for this purpose! The country's money supply simply increases by 90% of the bank's deposits. Moreover, this new money is significantly more profitable for banks than the old one. Old money that banks received from depositors requires interest payments or the provision of certain services for the right to use it. And banks charge interest on the new money, which is already quite cool, given that it cost them nothing.

But this is not the end of the process. As the second wave of paper money is pumped into the economy, it returns to the banking system, just as it did with the first wave.

as …

ADDITIONAL COMMERCIAL BANK DEPOSITS

Now the process begins to repeat itself, but each time with a slightly smaller kalym. What was "credit" on Friday is returned to the bank as "deposit" on Monday. The deposit is then transferred to the “reserve” category, 90% of which will become “excess reserve”, which can again be used for a new “loan”. Thus, $ 1 million of the first wave of paper money generates up to $ 900,000 in the second wave, and this gives rise to up to $ 810,000 in the third wave (900,000 minus 10% of the reserve). This is repeated about twenty-eight times through the revolving door of converting deposits into loans until the process is

will give the maximum effect to the mountain …

BANK PAPER MONEY = UP TO 9 TIMES PUBLIC DEBT

The amount of paper money created by the bank cartel that made this whole process possible is about nine times the amount of the government's original debt. [This is the theoretical maximum. In practice, banks are rarely able to lend out all the money they can create out of thin air, so this maximum is not reached.] Adding to this figure the original debt, we finally get …

TOTAL PAPER MONEY = UP TO 10 TIMES PUBLIC DEBT

The total amount of paper money created by the Fed and commercial banks is about ten times the amount of the underlying government debt. Depending on the extent to which this newly created money exceeds the amount of goods and services in the economy, this causes a loss of purchasing power of all money, both old and new - "inflation". Prices are rising because the relative value of money has gone down. The result is the same as if our purchasing power were taken away from us in the form of taxes. The reality of this process is thus

is an …

INFLATION = HIDDEN TAX = UP TO 10 TIMES PUBLIC DEBT

Without realizing this (inflation is perceived as a natural disaster, there is no one to blame), the Americans have paid over the years, on top of their federal income and excise taxes, a completely hidden tax in the amount of many times the state debt! And that's not all. Since our money supply is a purely arbitrary figure based only on debt, its value can either increase or decrease. When people get into debt deeper and deeper, the country's money supply grows and prices climb, but when they pay off their debts and refuse to renew them, the money supply shrinks and prices fall. That is exactly what happens in times of economic or political uncertainty. This is the alternation of periods of expansion and contraction of the money supply

is the main reason …

BOOM, CRUFF, AND DEPRESSION

Who benefits from all of this? Naturally not the "average American". The only ones who benefit from this are the congressional thimblers who use the influence of unlimited income to perpetuate their power, and the financial combinators of the private Zionist banking cartel called the Federal Reserve, who managed to enslave the American people, without their knowledge, under the yoke of modern feudalism.

See also the cycle of films:

World Cabal. Part 1

World Cabal. Part 2

World Cabal. Part 3

World Cabal. Part 4