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HOW BANKS PRINT MONEY
How banks print money is very simple. They simply make two computer entries. When you get a bank loan the bank makes one computer entry that deposits the money you borrow into your checking account and then the bank makes a second computer entry to set up your loan account (your debt account). Hocus-pocus they have printed the money they loan.
All credit unions and other financial institutions that operate under the Federal Reserve Act, regardless of what their name is or what they are called, print the money they loan the same way banks do. That includes the banks and credit unions right here in the town you live in. You friendly local neighbors that own the banks are printing the money they loan to you, to our schools, to our local city government, local businesses, corporations, state and federal government, etc.
Credit card debt, home mortgage debt, business debt, school debt, corporate debt, and all government debt (city, state and federal) is nothing but two computer entries. Even the cash paper money in your pocket is printed by the banks. The paper money bills in your pocket are Federal Reserve Notes not United States government notes. The Federal Reserve is a private corporation owned by the banks.
There will be no solution to the debt/tax financial crisis facing the American people until the Federal Reserve Bank is nationalized and it becomes illegal for banks to print the money they loan. The problem begins with Deuteronomy 15:6.
For more information click on the links below.
United States Interest Free Home Mortgage Corporation
Learn about Banking
How Banks Print Money
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