/biz/ - Business & Finance

Final proof for today: The US Treasury admits that all money is created by private banks.

"The actual creation of money ALWAYS involves the extension of credit by private commercial banks." - US Treasury Assistant Council Russell Munk, 1982.

I discovered that private banks create all money, not government. And I've been unsuccessful at awakening the 99% of the population who don't understand this.

Paul Krugman says that government prints money. This isn't true. In fact, ALL money is created digitally by PRIVATE BANKS.

Learn the truth about money creation so phony academic banking shills like Krugman will have no effect on you.

Proofs available at:
bank LIES dot ORG

Inflation is caused by too much money creation.

All money is created digitally by private banks when they issue loans.

Therefore the privately-owned, bank-created money system is responsible for inflation.

Proofs at:
bankLIESdotORG

Where does all money come from?

Private corporations create all money.

Proofs at:
bank LIES dot ORG

Why don't banks want you to research their source of funds?

Because banks create new, digital money out of thin air when they lend. Our entire money supply is created by these scammers. Less than 1% of the population know this.

proofs at:
bankLIESdotORG

Inflation is caused by too much money creation. All money is created when private banks issue loans. Therefore, all inflation is caused by bank lending.

He has good observations about some things. But his analysis will always be flawed because he believes in the debunked "Fractional Reserve" model of banking.

In fact, private banks create all money digitally. Government and everyone else gets all money from banks, which forces us into eternal debt slavery. This debt cannot be repaid, because banks only create the principal amount when they lend but never the additional interest that's due.

Yes, there is definitely something backing the dollar. It is called government coercion. We are forced at gunpoint to use dollars to pay for taxes, fines, fees, and licenses. Anyone refusing goes to jail. Anyone resisting dies.

But only banks create new dollars, not government. Banks create all money digitally when they issue loans. The entire money supply is created by bank lending, which is why almost everyone is buried in debt.

bank LIES dot ORG

Banks have exclusive power to create money digitally. Banks create new money when they issue loans. Banks create our entire money supply.

Rather than becoming a bank, I hope you work to DESTROY the evil banking system.

Inflation is caused by too much money creation.

Private banks create all money, NOT government.

Private banks create new, digital money when they issue loans (with no need for prior deposits or reserves). Our entire money supply is created by bank lending.

Rising prices will continue forever unless we abolish the bank-created money scam.

Gold and silver have been outperformed by rice and beans.

You should still hold a little physical G & S as an insurance policy for hyperinflation. Unfortunately the perma-bull precious metals salesmen have cried wolf and predicted disaster so many times that their credibility is ruined forever.

Don't forget that all money is created digitally by private banks issuing loans. Banks create new money out of thin air AFTER the borrower signs the loan contract. This scam requires the money supply to be constantly growing, so a currency crisis or massive inflationary event is guaranteed. We just don't know when it will happen.

>>50017449
Yes, the Jew-bashing gets old! But most of the complaints about debts are real.

Private banks have a monopoly on money creation. We are all forced to borrow from private banks, and the loans are literally unpayable. The money system is a legalized debt-enslavement scam. And there are countless non-Jews getting rich from this evil.

Proofs at:
bankLIESdotORG

>>49700552
Government doesn't print money. They get all revenue from taxation and borrowing. All money is created digitally by private banks.

The Feds would protect your deposits and pay FDIC claims promptly in the even of a bank failure. But where would they get the money to pay you? They would borrow it from private banks. And where do the banks get the money to lend to government? Banks create this new money out of thin air, digitally, in their bank computers.

Inflation is caused by too much money creation. Private banks create all money, not government.
Therefore, the system of bank-created money is responsible for all inflation, depressions, recessions, hyperinflations, housing booms/busts, and most economic instability.

Inflation cannot be stopped until we abolish the bank-created money scam and reintroduce debt-free, interest-free money.

bankLIESdotORG

The Woodrow Wilson quote is a fake. But these documents proving that banks create all money are legit.

Banks create new, digital money out of thin air when they issue loans. Banks create new money to lend with need for deposits or reserves.

Lookie, lookie, child: Here be exhibit B.

We be talkin' an admission from US Treasury Assistant Counsel Russel Munk from 1982.

He be speakin' the troof that all money is created through the extension of credit by private commercial banks.

Peter Schiff has worthless analysis because he doesn't understand how money is created. Schiff thinks "government has a printing press" that creates all money.

In fact, all money is created when PRIVATE BANKS issue loans. Banks create new, digital money out of thin air when they issue loans. Banks create this new, digital money AFTER the borrower signs the loan contract, and with no prior need for reserves or deposits.

If you want some excellent analysis by someone who actually understands the bank-created money scam, listen to Richard Werner interviews and lectures.

All money is created by private banks, not government. Banks create new, digital money when the issue loans with no prior need for reserves or deposits.

bankLIESdotORG

Inflation is caused by too much money creation. All money is created digitally by private banks issuing loans. Government gets all revenue from taxation and borrowing. But all the money used by government is created by banks issuing loans.

Private banks lending creates inflation, not government.

Proofs at:
bankLIESdotORG

Private banks create all money when they issue loans. Banks create new, digital money AFTER the borrower signs the loan contract, Banks create new, digital money with no need for prior reserves or deposits.

Banks also set their own interest rates. There are thousands of different interest rates, and the Federal Reserve Board of Governors sets only one of these rates. The Fed raising the Federal Funds rate has no control over home mortgage rates, credits card rates, auto loans, etc.

bankLIESdotORG

>>49272439
Less than 1% of the population understand the bank-created money system. Even you have it wrong.

The government forces us to use dollars to pay for taxes, fines, fees, and licenses. Anyone refusing dollars becomes homeless, impoverished, or imprisoned.

But government doesn't create any dollars. Only private banks create dollars. The only ways to get dollars are to borrow new ones by borrowing them from a bank, or capture older dollars that were borrowed into existence by another debtor.

Obviously, Milton Friedman was a shill for the bankers who control our money system. That is why he blamed money creation and inflation on "government printing presses", and never revealed the truth about bank-created debt money.

Proofs available at:
bankLIESdotORG

Fractional Reserve doesn't exist. The diagram in your picrel is nonsense.

In truth, banks creates ALL MONEY digitally when they issue loans with no need for prior deposits or reserves. Banks create new money AFTER the borrower signs the loan contract. The phony Fractional Reserve model pretends the money exists in an account before teh borrower arrives.

Proofs available at:

bank LIES dot ORG