6139008-History-of-Money

• Banks have the ability of destroying money (remember the greatdepression?) and creating money (boom)• While reserve requirements had been put in place after World War II tolimit the amount of new money private banks could create ex-nihilo, theserequirements were eliminated in Canada in 1991 by an amendment to theBank of Canada Act and have been reduced to 0% on savings accounts inthe US and 3% on chequing accounts (with a proposal before Congress toeliminate even the chequing account reserve requirements). This meansthat the power of private banks over money creation is now virtuallyunlimited.• The US debt has grown from $425 billion in 1950 to an astounding $25.6trillion by the end of 1999 (Federal Reserve System, 1999). The mountainof US debt is in fact greater than the entire Third World nations ($2.5trillion) combined. The privately own Federal Reserve central Bank iscollecting “rivers and oceans” of interest on “fiat” money which theycreated out of nothing!• Debt-write-offs have no real capital affect on banks overall since themoney was created out of nothing, although some individual banks mayfail when unable to do inter-bank transfers which is equivalent to a runon-the-bank.The real affect is that they don’t get to collect interestanymore on the written-off debt. Since all debt is borrowed money, inorder to write off a debt, it is necessary to destroy part of the money supply. Actual and impending losses giverise to a desire for additional liquidity in the financial system in the form of more “fiat” money. Until that liquidityis obtained, bankruptcies and price deflation will set in. The losers are always the employees, shareholders, taxpayers and the masses when public assets have to be sold off to the banking dynasties for a penny on the $.• Money loses its value when it is created and put into circulation (spent) faster than the growth in productivity inthe local economy.As we have noted a critical element of the fractional reserve debt-money system - interest on bank-created debt -ensures that without continuous growth the system cannot survive. For, when banks create money to lend they do notcreate any money with which the related interest can be paid. Only further borrowing for further production or theBanksters release of their collected interest can offer even the potential that interest might be paid. If the private ownersof the central banks decide not to extend anymore credit, there will be no money to service the interest payments,causing bankruptcies and foreclosures that these owners will then purchase for a penny on the dollar just like they didduring the great depression of 1929! Then, they will continue to collect interest on money issued from nothing and willlend more. Thus, they live in an evergreen World and keep amassing wealth while the rest of the masses keep goingdeeper and deeper into debt or works for the Banksters! We have already explained in a previous section why Usury isforbidden.Both the privately owned Fed banks and the commercial banks create money from nothing and their major owners are thesame 300 families head by the 13 Illuminati families. 1. Astor, 2. Bundy, 3. Collins, 4. DuPont, 5. Freeman, 6. Kennedy,7. Li (Chinese), 8. Onassis, 9. Rockefeller, 10. Rothschild, 11. Russell, 12. van Duyn, 13. Merovingian (European RoyalFamilies). The following families are also interconnected with those above: 1. Reynolds, 2. Disney, 3. Krupp, 4. McDonald.Also, in addition to those four families, there are hundreds of others that are connected more distantly to the main 13Illuminati bloodlines. Although significant, they are not mentionedhere; they are considered less powerful and less pure by the 13Elite Bloodlines. A total of about 300 interconnected familiescontrol the show. All the families above can be studied in muchmore detail in Fritz Springmeier's excellent book: "Bloodlines ofthe Illuminati".Rothschild Realizes The Immense Power of Being theIssuer of MoneyThe power of one who gets to issue money by creating it fromnothing as in paper notes or accounting entry with no liability oneself because the money is merely passed from people to peopleand not redeemed is IMMENSE. Thus everyone else pays to makethe issuer wealthy through inflation. The Rothschild in the 1700shad discovered the basic principle of power, influence, and controlover people as applied to economics. That principle is "when youassume the appearance of power, people soon give it to you".Rothschild had discovered that currency or deposit loan accountshad the required appearance of power that could be used toinduce people into surrendering their real wealth in exchange for apromise of greater wealth instead of real compensation. Theywould put up real collateral in exchange for a loan of promissorynotes. Rothschild found that he could issue more notes than he had backing for, so long as he had someone's stock ofThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 137