The Private Federal Reserve and Theft of Fractional Reserve Banking
How Inter-Generational Organized Crimes Buys Up The World with Digital Dollars Created Out of Thin Air
Executive Summary
In 1913 organized crime banking interests lobbied and bribed Congress to pass the Federal Reserve Act, which created the private Federal Reserve (FED) to back-stop and “legalize” the ability of private banks to create money out of thin air and lend it at interest. The process is called fractional reserve banking, and the basics of the swindle is that when you go to the bank to get a mortgage, the bank is not lending you another depositor’s money.
They simply create the money with a few strokes on the keyboard, and the average person spends the rest of their life paying interest on a loan created out of thin air. If a bank gets in financial trouble and/or experiences a “run-on-the-bank” where depositors begin to pull their money, the FED steps in and provides the troubled bank(s) unlimited capital to maintain faith in the crooked system.
The Documentary: Century of Enslavement by James Corbett of the Corbett Report exposes the history and scam of the Federal Reserve System and crooked monetary system. It is one of the documentaries in our flash drive of freedom: The Liberator
The Theft of Inflation
In addition to the inherent unfairness of allowing certain companies (banks) the monopoly privilege of creating money, the process steals the purchasing power from the dollars earned and saved by everyone else in society. As the banks create more and more dollars, the excess dollars begin to compete with the existing dollars in the market, bid up prices, and simultaneously reduce the purchasing power of existing dollars in circulation.
This is the main reason why the cost of almost everything in the economy (housing, healthcare, education, energy, etc.) is going UP when absent the organized crime money system; costs should be going DOWN as innovations and productivity improvements reduce the costs associated with producing the necessities and luxuries of everyday life. Not only is society being robbed by the inflationary theft of rising prices, but it is being robbed of the reduced costs and growing purchasing power that would exist absent the organized crime banking system. Absent the anomalies of hot housing markets and hot stocks, it isn’t that the value of your home and portfolio are rising; it now simply takes more rapidly depreciating dollars to buy the same amount of housing and stocks.
The list above comes from a 2011 study called The Network of Global Corporate Control, which analyzed 37 million global companies and 43,060 transnational corporations and built a model of who owns and controls what and discovered that just 147 firms, primarily banks and financial institutions, control 40% of global wealth.
