Web of Debt - the entire U.S. money supply now consists of debt to private banks, for money they created with accounting (Obama, solution)
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The international bankers have succeeded in doing more than just controlling the money supply.
Today they actually create the money supply, while making it appear to be created by the government.
This devious scheme was revealed by Sir Josiah Stamp, director of the Bank of England and the second richest man in Britain in the 1920s.
Speaking at the University of Texas in 1927, he dropped this bombshell:
The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin . . . . Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again. . . . Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. . . . But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.
Professor Henry C. K. Liu is an economist who graduated from Harvard and chaired a graduate department at UCLA before becoming an investment adviser for developing countries. He calls the current monetary scheme a "cruel hoax."
When we wake up to that fact, he says, our entire economic world view will need to be reordered, "just as physics was subject to reordering when man's world view changed with the realization that the earth is not stationary nor is it the center of the universe."
The hoax is that there is virtually no "real" money in the system, only debts.
Except for coins, which are issued by the government and make up only about one one-thousandth of the money supply, the entire U.S. money supply now consists of debt to private banks, for money they created with accounting entries on their books.
It is all done by sleight of hand; and like a magician's trick, we have to see it many times before we realize what is going on.
But when we do, it changes everything. All of history has to be rewritten.
This is nothing new and it's not done by "sleight of hand," or in dark, mysterious places. Anybody who ever had Economics 101 knows how banks create money.
The question I always have about things like this is...what would you do about it? What's your solution?
This is nothing new and it's not done by "sleight of hand," or in dark, mysterious places. Anybody who ever had Economics 101 knows how banks create money.
The question I always have about things like this is...what would you do about it? What's your solution?
Replace debt with real money, backed by the US Treasury.
Location: I never said I was perfect so no refunds here sorry!
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Thomas Jefferson said in 1802:
I believe that banking institutions are more dangerous to our liberties than standing armies.. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.
I believe that banking institutions are more dangerous to our liberties than standing armies.. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.
He understood the issue - I don't think Obama ever has or ever will.
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