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  1. #1
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    Default Do What The Banks Do..........Create It Out of Thin Air

    We really need to wake up people. With the banks having the ability to create money with their smoke and mirrors, we the "little people" have little chance to achieve as the banks take and take and take.

    http://www.newmediaexplorer.org/sepp...n_of_money.htm

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    VERY INTERESTING :!: :!: :!: :roll:

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    I know about the U.S. banks doing this. Last year there was a document on the Federal Reserve site that explicity explained how they create "new money." They do not lend actual, real assets. They just increase the deposits and lend that amount. In essence, you wind up borrowing money from yourself and paying them interest. What a great idea -- for them!

    So...people started challenging the agreements and won (for the very reasons listed in the class action suit you posted about). A few months later I went back to the site. The document was gone.

    I'm glad people have a filed a class action suit. In a few years from now we won't have any banks -- just PIPS because the banks are real scammers. :)

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    Here is a class action lawsuit filed in the US against the banks. You can even join in!

    http://refusetopay.com

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    Quote Originally Posted by pips9756
    I know about the U.S. banks doing this. Last year there was a document on the Federal Reserve site that explicity explained how they create "new money." They do not lend actual, real assets. They just increase the deposits and lend that amount. In essence, you wind up borrowing money from yourself and paying them interest. What a great idea -- for them!

    So...people started challenging the agreements and won (for the very reasons listed in the class action suit you posted about). A few months later I went back to the site. The document was gone.

    I'm glad people have a filed a class action suit. In a few years from now we won't have any banks -- just PIPS because the banks are real scammers. :)
    Not only do we pay them interest, in theory we pay the principal too

    The "banks", which if you look at it is Rothchild's. Chase Utley, J.P. Morgan and about 10 others, make up the $1B out of nothing, charge us interest on it, which we pay, and then eventually we pay back the $1B and they have it... but they never had it in the first place.

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    Look at what the Nevada legislature thinks of our beloved Federal Reserve.

    http://www.leg.state.nv.us/72nd/bills/ab/ab532.html

    If we created money out of thin air, we would be in jail! However, the banks can do it illegally and get away with it! Nowhere in the US Constitution was such a scam allowed to happen, but it did! The banks get bigger! They own more and more! We are slaves paying their interest - when they didn't put up anything of value to begin with! LORD help us! We are being made slaves of by the banks!

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    Because banks creates money out of thin air - we can also have all debts cancelled such as car loans, credit card loans and mortage payments, because the money was not the bank's to loan.

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    bump

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    The trick here from the FED is to print worthless fiat currency, force other countries to hold US$ reserves only (or mostly), import goods from other countries and pay with worthless $ and the best....to convert all this worthless money into tangible goods like land, houses, islands, businesses, precious metals, all commodities, waterworks, power plants, food, simply everything. So when they decide one day to induce a crash and a collapse of worldwide currencies then guess who will own everything and who nothing??

    The Federal Reserve Bank is surely not federal but held by a conglomerate of around the 10 richest banking dynasties on this planet. They don't have any reserves to back the private FED Dollar. And it's not a bank, it's a private institution. The IRS is the longer arm of the FED. The IRS isn't federal either.

    The IRS collects the money from all people of the country (you know income tax, all other taxes) and gives all this collected money to those private bankiers. This is highly illegal. The US government doesn't get a cent from those collected funds as the US government has to pay the FED for their money printing job. Look at your tax form, it will say something like Pay to FRB. FRB stands for Federal Reserve Board, thus the money goes directly to the private bankiers ;-) 1913 the FED has been created. Since then the US citizens had to pay income tax which they never knew before. This is against the US constitution and one of the biggest scams in the last 100 years. Not only in the US, this procedure described in short with the FED is exactly the same with all national central banks worldwide. All currencies are fiat money backed by nothing, even Switzerland was forced to give up as the last country its gold standard and the swiss francs is also not backed by gold anymore. It is only a question of time when the bankers will decide to let the bubble burst, this will happen when they have bought up almost everything on this planet. Then there will be a worldwide monetary reform. Greenspan has once incautiously mentioned that the US$ will weaken immensely until 2007 and that the US$ and the Euro could be merged to a Euro-Dollar currency. When this then happens - I truely hope that this never happens but the reality unfortunately is different - then the US can choose the devaluation, in other words the exchange rate for the new currency, e.g. 1 Euro-Dollar for every old 10 US$ or even 20 US$. This would mean that the US (and Europe) would reduce their debts by the factor 10 or 20 and peoples savings would also reduce automatically by chosen factor, mass poverty will be created and all people who can't pay off their mortgage the banks will take over their house. You see, that's why you should never buy things with borrowed money.

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    If you would do any research on it then you wouldn't talk such rubbish now.
    Actually all those infos about the FED are publicly available. It's solely up to you if you wanna find them. In your research you would also find that almost half of all US states want to abolish the FED, give the money issueing power back to the US Treasury Department and that those states have filed law suits against the FED. But again, it's up to you if you are interested at all to hear the real facts.

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