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LEARN ABOUT BANKING
BANKING IN A NUTSHELL
Your friendly local bankers and credit unions print the money they loan to you, to businesses, to corporations, to your schools, to your local government, to your state government, and to your federal government. Just like your checkbook of debts and credits, your friendly local bankers and credit unions make 2 simple comupter entries, one debit (to the bank or credit union loan account) and one credit (to the borrower's checking or savings account), and hocuspocus they have created (printed on their computer) the money they loan and they have printed it out of nothing except 2 computer entries. Don't you wish it was that easy for you to print your own money just by making debt and credit entries to your checkbook? In a nutshell, your local bankers and credit unions are in collusion with the primary securities dealers (not to be confused with brokers), the Federal Reserve Banks, and the IMF/World Bank to keep the American people (and the world) enslaved to interest, debt and taxes. Here's an example of how the system works: your local banks and credit unions print the money and loan it to corporations. The corporations increase the price of their products enough to pay their interest, debt and taxes which means that you, the consumer of their products, pay their iterest, debt and taxes for them when you buy their products. The banks and corprations get richer and you get poorer and deeper in debt. It's called "finance capital" or "the slave's yoke of capital", which is what the wall street stock market is all about. Giving billions of dollars for foreign aid to the United Nations, which supports the IMF/World Bank debt slavery money system, and cancelling the debt of foreign nations is ridiculous when there are millions upon millions of debt slaves in America who are in desperate need of help at home. That's it in a nutshell.
Any banker or credit union person who says that their bank or credit union does not print the money they loan is either an outright liar or is very ignorant of the truth. Saying that they "create credit" but that they do not print (create) the money on their computers that they loan is an outright lie because credit constitutes the vast bulk of the money in system. They do not loan investor's deposits or anybody elses deposits either because all deposits must be kept by the bank or credit union as reserves (to learn more about bank and credit union reserve requirements or about bank and credit union money creation click on the links below or click on the email link below with your questions or comments).
If you would like to learn more about how your friendly local bankers and credit unions print the money (create the credit) they loan which enslaves we, the people, to interest, debt, and taxes, click on any of the links on this page (use the back button on your web browser to return to this page) or click on the email link below with your questions or comments. To understand the political, economic and religious roots of the debt slavery problem follow the links on the "Links to Other Web sites" link below.
Economic Research Council (London, England)
WHERE MONEY COMES FROM. When you get to the ERC web site click on the "Historical Publications - free download" link then download the short little booklet entitled "Where Money Comes From" by Sir Edward Holloway. You can then print a copy of it on your compouter. While today your local banks and credit unions simply click debits and credits on their computers instead of using hand written checks, this little booklet has no equal for providing a very simple, easy to read explanation of how money is printed by your local bankers and credit unions.
Board of Governors of the Federal Reserve System
Federal Reserve Bank of New York
United States Department of the Treasury
Learn About Banking
Links Page
BIBLE SLAVE LAW
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