According to the (2007) 11th annual World Wealth Report compiled by Merrill Lynch & Co just 0.14% of the population possess a staggering 25% of the wealth. Today that figure would be significantly higher.
The monetary system is one that affects us all to the extent that it basically dictates our daily lives. The current monetary and banking systems are designed to create debt and centralise control to the hands of a few people. If that sounds extreme to you, look at the world around us.
For example, Brazil should be one of the most prosperous countries on the Earth if you consider its natural resources, however, due to 'third world debt' you have hundreds of thousands of Brazilians dying through hunger-related diseases. While Brazil may produce the food, Brazil is also one of the biggest food exporters in the World; bodies like the IMF set up 'loans' to help poor countries in exchange for their resources which generate income thus creating a cycle where poor countries are never able to pay back loans and must continue giving up agriculture and industry to western corporations.
Multi-billionaire Bill Gates wants to vaccinate the world, and is prepared to spend a fortune doing it, (and making an even bigger one off the back of it). He cares so much for humanity, yet, despite this obvious care, he never seemed to find the spare cash to build the infrastructure required to provide simple things we take for granted such as clean water which could have changed the lives of millions of Africans by giving them the foundations to flourish by themselves (and stopped potential diseases from spreading). Why are we still having to raise money at comic relief and other so-called 'charities' which do little more than exploit the very people they claim to help while lining their own pockets. We can fix this NOW.
It shouldn't be about money anyway... This is humanity.
What is wrong with us?
How Banks Work
If everyone decided to go to the bank on the same day to withdraw their funds, the banks would not have enough money. This is because banks are allowed to lend out more money than what they actually have in deposit.
There are two types of money in a fractional-reserve banking system operating with a central bank such as in the UK, EU, or the US, for example:
1. Central bank money (money created or adopted by the central bank regardless of its form (precious metals, commodity certificates, banknotes, coins, electronic money loaned to commercial banks, or anything else the central bank chooses as its form of money).
2. Commercial bank money (demand deposits in the commercial banking system) - sometimes referred to as chequebook money.
When a deposit of central bank money is made at a commercial bank, the central bank money is removed from circulation and added to the commercial banks reserves (it is no longer counted as part of money supply). Simultaneously, an equal amount of new commercial bank money is created in the form of bank deposits. When a loan is made by the commercial bank (which keeps only a fraction of the central bank money as reserves), using the central bank money from the commercial bank's reserves, the money supply expands by the size of the loan.
"The fact that banks are required to keep on hand only a fraction of the funds deposited with them is a function of the banking business. Banks borrow funds from their depositors (those with savings) and in turn lend those funds to the banks’ borrowers (those in need of funds). Banks make money by charging borrowers more for a loan (a higher percentage interest rate) than is paid to depositors for use of their money. If banks did not lend out their available funds after meeting their reserve requirements, depositors might have to pay banks to provide safekeeping services for their money. For the economy and the banking system, the practice of keeping only a fraction of deposits on hand has an important cumulative effect. Referred to as the fractional reserve system, it permits the banking system to create money".
Take this process for example;
When you take out a £10,000 loan the Bank does not go and print ten thousand pounds in bank notes, the bank simply transfers it electronically – essentially, no additional money is bought into circulation, but, once you’ve taken out a loan you must pay it back, plus interest.
If you do not pay back the loan, or you can't meet your repayments, the bank can take your home and your possessions away from you.
The money you are ‘paying back’ to the bank never existed. No physical ‘money’ was bought into circulation, only credit, or debt.
This process of loaning money that does not exist also generates a whole new cycle of creating money that does not exist.
If £1,000,000 was deposited into a bank, the bank takes 20% for its reserves (£200,000) and 80% becomes available to borrowers so, hypothetically, someone could take out a £800,000 loan.
When the person takes out this loan, as before, no additional money is bought into circulation, however, the £800,000 becomes ‘available’ (as credit). When the bank does this, it takes its 20% again for its reserve (£160,000), and 80% again becomes ‘available’ to borrowers (£640,000).
Now consider that from that initial deposit of £1,000,000 the funds ‘held' by the bank following just one loan are as follows:
The initial £1,000,000 deposit, plus the £800,000 loan, plus the £640,000 available for borrowers and £360,000 in its reserves, totalling £2.8 million. Only £1million physically existed in the first place. This is a simplified example of the process that is repeated as a matter of policy and allows banks to take the real wealth of individuals through their homes and possessions. This is how only 3% of money in circulation is physical notes and coins and 97% is credit. Credit = debt, and the amount of credit/debt is always rising thanks to the inherently flawed (through design) banking system.This process is nothing less than fraud. The amount of debt can never be fully repaid. This is why world debt continues to spiral out of control by the second.
Do we ever ask, "To whom is all this national debt owed?"
Financial 'Booms' and 'Busts'
Only the amount of money in supply in the system dictates a financial boom or a financial bust. So, who controls the amount of money in supply and the interest rates?
Who else but the Rothschild controlled central banks. See more detail on the Establishment of the Bank of England through Nathan Rothschild.
During a financial boom the Central bank lends money to the commercial banks, plus interest - in turn, the banks loan it to the public, plus interest. When the money supply is good people get more credit (debt) and help the economy to grow by spending it. Then, just as we're in the full swing of enjoying easy credit and spending money we don't have, the Central bank calls in its loans from the commercial banks and, in turn, they stop lending and start to call in any loans outstanding, it’s then harder to get credit, people stop spending, the economy shrinks, unemployment rises. We call this a financial bust.
Booms and busts are illusions of the fraudulent monetary system which is dictated and run by elite private bankers for elite private bankers. The whole point of the system is designed to remove wealth and prosperity from ‘the people’ and centralise it all under Rothschild control.
I Promise to Pay the Bearer...
If I withdraw money from a bank, the notes state "I promise to pay the bearer on demand the sum of...", what does that mean exactly?
The first recorded use of paper money was in the 7th century in China. However, the practice did not become widespread in Europe for nearly a thousand years.
In the 16th century the goldsmith-bankers began to accept deposits, make loans, and transfer funds. They also gave receipts for gold coins deposited with them. These receipts, known as “running cash notes”, were made out in the name of the depositor and promised to pay him on demand.
At that time, a member of the public could exchange banknotes for gold to the same value. For example, a £5 note could be exchanged for five gold sovereigns. But the meaning of the promise to pay has changed since the value of the pound has not been linked to gold for many years. Bank of England notes can only be exchanged for other Bank of England notes of the same face value. Public ‘trust’ in the pound is now maintained by the operation of monetary policy, the objective of which is price stability.
The Money which comes into circulation is loaned to the government in return for Treasury Bonds to the value of the loan, Treasury Bonds have a maturity of 30 years maximum before they are due to be paid back to the Central Bank, The Bank of England, to the original value plus interest, of course. When the Bonds are due to be paid back, the Government creates more Bonds and loans more money to pay the old Bonds. Again, interest is charged at whatever the Central Bank's rate is and can change at any time.
To gain a further understanding of the corruption of this system read the following excerpt from the Bank of England's website.
"The Bank of England (formally the Governor and Company of the Bank of England) is, despite its name, the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for the UK Government. The Bank was privately owned and operated from its foundation in 1694 until it was nationalized in 1946. In 1997 it became an independent public organisation, wholly owned by Government, with independence in setting monetary policy."
So it’s owned by the Government...
The same Government that exchanges Treasury Bonds for currency which is loaned from the central bank and paid back with interest.
If the Government own the Central Bank, why does it then need to charge interest on loans? Why doesn't the Government just create money interest-free? (Lincoln and Kennedy tried it, they also have something else in common.) Because Governments are owned and operated by the same powerful bankers who operate the monetary system.
As preiously stated, this current system is designed to remove wealth and prosperity from ‘the people’ and centralise it all under Rothschild control.