6139008-History-of-Money

Note: If an asset is anything that can be sold, and then the money received can be deposited into a bank,then there was nothing actually lent to the U.S. Government, was there? They provided bonds that could besold for $10 Billion in exchange for the $10 Billion from the Fed. Where was the loan? There was none. TheFed and the U.S. Government made an exchange, and the Fed lied and called it a loan.Now, we all know that the people who run the government aren't the brightest, but to give away the bonds so they canborrow money is just ridiculous, wouldn't you agree? Look, I don't expect you to believe that without some proof. I mean,it's just insane, right? Listen to a recording about the Story of the Federal Reserve System. It's FREE to you, over an hourlong, and it's called The Creature from Jeckyll Island, by G. Edward Griffin. Mr. Griffin is a well-respected authority on thecreation of the Federal Reserve Banking System, and has written a best-selling book of the same name. The link to theaudio clip is: http://www.eliminatemortgages.com/creature.rm (don’t fall for the eliminate mortgage attempts which mayinvolve the promoter making illegal documents or a tough and expensive court battle) and another lecturehttp://www.flash.net/~jaybanks/real/g_edward_griffin_-_the_creature_from_jekyll_island.rm.How This Applies to YouOn a national level, we see the absurdity behind the "money creation" process. But when it's right there in our face, it's alittle harder to "see the forest through all the trees." Money is created on a local level through the banks and other lendinginstitutions in much the same way. The value is first provided to the bank, the bank deposits the asset, and the asset youprovided is used as the value to fund the "loan" to you.Again, I know it sounds absurd, like, "How can they get away with this?" I wondered the same thing when I first cameacross this information. The Federal Reserve Bank of Chicago came out with a very revealing publication back in the1990s called Modern Money Mechanics. While the file itself is a web page, in the physical publication on page 6 we find theexact mechanics of this, including the bookkeeping entries. (There is more information athttp://banksrestorationact.4mg.com .)So how does the bank loan actually work?1. You want a loan for your home.2. The bank advertises that they loan money.3. You "apply" for a "loan."4. They put you through the ringer and make you glad and relieved that you were able to be approved for aloan. (You know, like they are doing you a really big favor.)5. They have you sign a promissory note.And here's the part you're never supposed to know!6. Since your promissory note can be sold for money, it's an asset.7. The bank deposits the asset into an account for approximately the amount of the note.8. The bank cuts you a check from the deposit you never knew about (or transfers the money to those whoshould be receiving it).9. And you think you owe money back on a loan, when in fact all that was made was an exchange.Now Let's Look at That…If you think about it, the Bankers' scheme is really quite brilliant. I mean, what other business in the whole World allowsyou to create money based on the value that someone else gives you, then charge that person again plus interest? Wow!So the real question becomes, "If the promissory note is an asset, what funded the bank's ownership of the note?"Answer: They still don't really own it. They made an exchange - Your promissory note (asset to the bank) was exchangedfor approximately the amount of the loan. You gave the bank an asset worth $100,000 and the bank returned $100,000to you. Where was the loan? There wasn't one. But you really do have to admit, it's brilliant.Listen, we're not the first people to "discover" this was going on. But we have figured out some things that no one elsehas! As an honest, ethical person who believes that all loans should be repaid, do you agree that the bank should repayyour loan to them? After all, they deposited your promissory note. Your promissory note is an asset that they exchangedfor a check. Where's the loan? Factually, there isn't one. And since all lenders should be repaid, shouldn't the bank repayyour loan to them? If so, you wouldn't have the "debt" and would live better. Quickly, when you deposit money in yourchecking account, does the bank now owe you that money when you want it? Yes. The bank has a new asset, the $100you deposited into your checking account. The bank also has a new matching liability that says the bank owes you $100.Assets = Liabilities. The bookkeeping entries are nearly identical for a deposit into your checking account and for a newloan. By lending, the banks now have more assets and liabilities. If you were to lend me $500, your "pool of money"would be smaller. When a bank "loans" money, their "pool of money" increases.Quick Summary behind How a Bank Loan WorksThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 440