/biz/ - Business & Finance

>>54490077
"The Federal Reserve Bank is not a federal agency within the meaning of the Act.."
"Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region."
https://law.justia.com/cases/federal/appellate-courts/F2/680/1239/200393/

>>53211959
No one needs your regulatory tyranny you fucking globohomo shill. The whole point of crypto was to keep the kikes out of our affairs. "We" do not want a criminal cabal to control our money, wallets and lives. Fuck you and your satanic overlords.

Private banks create all money, NOT government.

Proofs at:
bankLIESdotORG

Government forces us to use dollars, but only private banks create new dollars. Banks create new, digital money AFTER the borrower signs the loan contract. The entire money supply is created this way.

Proofs at:
bankLIESdotORG

Private banks create all money, NOT government.
The entire money supply is created by private banks who create the digital money they lend.

Too much money creation causes hyperinflation. Therefore, PRIVATE BANKS cause hyperinflation, NOT government.

proofs at:
bankLIESdotORG

Banks create new, digital money when they issue loans. The entire money supply is created this way; by PRIVATE BANKS.

proofs at:
bankLIESdotORG

The US Treasury says all money is created by private, commercial banks.

Inflation is caused by too much money creation.

Private banks create all money, NOT government.

Therefore, private banks cause inflation.

proofs at:
bankLIESdotORG

Banks do not lend out the deposits of savers.

Banks create new digital money AFTER the borrower signs the loan contract. The entire money supply is created in this way by private banks, NOT government.

The original purpose of FDIC was to restore confidence in the banking system after 9,000 banks failed during the great depression. These banks failed because they practiced "fractional reserve" banking where the bank lent our more money than it had in deposits of actual money (gold and silver).

Fractional reserve banking no longer exists. Banks simply create new digital money when they lend, with no prior need for deposits or reserves.

FDIC still serves its original function of persuading people to trust evil banks.

get proofs at:
bankLIESdotORG

All money is created digitally by private banks issuing loans (NOT government). Private banks create new, digital money AFTER the borrower signs the loan contract. The entire money supply is created this way- by PRIVATE BANKS.

OP is on to something: If we return to a debt-free, interest free money system, there would be no need for the national debt, interest payments on the debt, or income tax to service the national debt.

To accomplish this, we would need to zero-out ALL bank debts (all credit cards, auto loans, home mortgages, business debts, and government debts). Then simultaneously convert the existing money supply (Approximately $22 Trillion) to a debt-free, interest-free money (silver coins, US Notes, Greenbacks, etc.).

Get the proofs at:
bankLIESdotORG

Inflation is caused by too much money creation.

Private banks create all money, not Government. Private banks create new, digital money AFTER the borrower signs the loan contract. The entire money supply is created this way.

Therefore, private banks cause inflation, NOT government.

Proofs available at:
bankLIESdotORG

>>51019968
WRONG!

The correct answer is 3. All money is created digitally by private banks. Banks create new, digital money to lend AFTER the borrower signs the loan contract.

Yes, the 12 Federal Reserve banks can create new money. However, these are private corporations owned by the banks in their district.

Read the proofs at:
bankLIESdotORG

Here's a 1982 admission from the US Treasury:

"The actual creation of money ALWAYS involves the extension of credit by private commercial banks."

more proof at:
bankLIESdotORG

The modern banking system is loan-sharking and it generates about $1 trillion per year in revenue for private banks.

If you lend someone $10,000, you must first have the money is your possession to lend it. But banks create new digital money out of thin air AFTER the borrower signs the loan contract. The $10,000 borrowed from a bank did not exist before the borrower arrived.

If you charge 5% on the $10,000 loan, you would make $500 of interest. The bank would also make $500 in interest, but they never had the original principal amount to begin with. Since the bank gets to create new digital money to lend, their actual rate of return is probably closer to 50% or 500%!

Proofs that banks create the entire money supply available at:
bankLIESdotORG

Less than 1% of the population understand that private banks create all money and are responsible for inflation.

Banks create new digital money to lend AFTER the borrower signs the loan contract. The entire money supply is created this way. Too much money creation causes the currency to devalue (AKA "inflation"). Since only private banks create new money, ONLY private banks are responsible for inflation.

Proofs at:
bankLIESdotORG

People discuss inflation without ever determining the true cause.

Inflation is caused by too much money creation. All money is created digitally when private banks issue loans. Our entire money supply is created by private banks, NOT government. Therefore, the evil system of bank-created money is responsible for all inflation, depressions, recessions, and hyperinflations.

proofs available at:
bankLIESdotORG

Hate to go full bank-nerd on you, but fractional reserve hasn't existed since 1933. Since then, banks simply create new digital money when they issue loans, and our entire money supply is created this way.

What this dude was doing was more likely "naked shorting" or just accounting fraud.

Learn how banks create the money supply at:
bank LIES dot ORG