Living in a Banksters’ Paradise – Part 2 of 2

The rich rule over the poor, and the borrower is servant to the lender. (Source)

Your local bank also profits from the banking fraud known as fractional reserve lending. While the bankers may wear suits and appear respectable, they are actually looking to use your deposit to make themselves ten times wealthier or enslave you in debt that they create out of nothing should you be a borrower. It works like this:

I set up a Rothbard Bank, and invest $1,000 of cash. Then I ‘lend out’ $10,000 to someone, either for consumer spending or to invest in his business. How can I ‘lend out’ far more than I have? Ahh, that’s the magic of the ‘fraction’ in the fractional reserve. I simply open up a checking account of $10,000 which I am happy to lend to Mr. Jones. Why does Jones borrow from me? Well, for one thing, I can charge a lower rate of interest than savers would. I don’t have to save up the money myself, but simply can counterfeit it out of thin air. Since demand deposits at the Rothbard Bank function as equivalent to cash, the nation’s money supply has just, by magic, increased by $10,000. The inflationary, counterfeiting process is under way.

In short, the money you borrow from a bank is created out of nothing. On the other hand, you must actually produce real goods and services to earn money to pay back the bank plus interest. Of course, the largest banks, which most likely own shares of the Fed as discussed in Part 1, make the most money from this magical fraud.

When banksters create money faster than the economy grows, the purchasing power of the dollar declines which is known as inflation. There is no question that each year Americans work harder for less money (reduced purchasing power) thanks to the private Fed’s criminal inflationary policies.

Home Mortgage Slavery

The great jurist Sir Edward Coke, who lived from 1552 to 1634, has explained why the term mortgage comes from the Old French words mort, ‘dead,’ and gage, ‘pledge.’ It seemed to him that it had to do with the doubtfulness of whether or not the mortgagor will pay the debt. (Source)

A thirty-year-debt-slave is someone that has a home mortgage (excluding cash-flowing investment property). First, the debtor is borrowing money that was created out of nothing through fractional reserve lending.

Second, after years of making payments, the debtor may become injured or unemployed. The bank will then foreclose and sell the house. The bank will keep the proceeds of the sale and all the principal and interest that the debtor paid prior to going into default.

Given the fact that home prices are back to 2001 levels thanks to the credit bubble created by the private Federal Reserve and large banks, many people have little or negative home equity.

Third, the cost of the house is almost double the sale price when thirty years of interest payments are included.

For example, if a debtor buys a $250,000 house and puts down 20 percent ($50,000), the debtor will borrow $200,000 from the banksters. The interest on a $200,000 loan at 5% over thirty years is $189,511.57 (which is interest paid on a loan created out of nothing). Therefore, the total cost of the $250,000 home is actually $439,511.57 (not including property taxes and insurance). Go ahead, run the numbers yourself.

One must determine if it is better to be a mortgage debt slave or a rent debt slave.

Banksters Starving/Robbing Billions of People Worldwide

Almost half the world, three billion people, live on less than $2.50 per day and 80 percent of humanity lives on less than $10 per day. According to UNICEF, 22,000 children die each day due to poverty. That is, people are dying because a bank did not create enough digits on a computer screen (money) for them to buy food. This is no accident; it is the banksters’ move to depopulate the planet.

John Perkins wrote Confessions of an Economic Hit Man. During the 1970s he worked as an economic planner for an international consulting firm. In his book he describes how the globalists force the economic hegemony of the banksters, the IMF and World Bank on victim nations in the Third World.

Perkins’ job was to negotiate huge loans to third-world nations, loans that the banksters created out of nothing and which they knew the borrower nation could not repay. Once the borrower defaulted, the banksters would move in to steal the nation’s natural resources and gain control of its political system and economy.

Several third-world leaders had integrity and refused to enslave their nations to the money changers. They also refused the cash, luxury, cocaine and hookers Perkins offered them on behalf of the banksters Perkins says that leaders who would not play ball would eventually be overthrown in a CIA sponsored coup or assassinated.

In the United States, the current economic depression caused by the Federal Reserve has resulted in 44 million once independent Americans relying on the government for food assistance. Many food assistance recipients hold college and post-graduate degrees.

Additionally, up to 1 million U.S. families are too broke to go bankrupt, that is they don’t have the money to cover legal fees.

Funding Wars

The banksters also support wars (often arming and funding both sides) by creating money out of nothing.

Since the beginning of the Iraq War in 2003, the New York Federal Reserve shipped tens of billions of dollars to the government and central bank of Iraq, allegedly for reconstruction.  Between 2003 and 2008, over $40 billion in cash was secretly shipped in trucks from the New York Federal Reserve compound in East Rutherford, New Jersey to Andrews Air Force Base outside of Washington, where they were then flown by military aircraft to Baghdad International Airport. In just the first two years, the shipments of dollar bills weighed a total of 363 tons.

But much of that money was stolen, misappropriated, and simply lost. Despite Congressional hearings and reports, nobody is saying exactly what happened to the bulk of the money. Most likely, the stolen fiat dollars, secretly printed out of thin air to fund the US government’s illegal war and senseless slaughter of Iraqis, went towards intricate contracting schemes and corrupt Iraqi and American officials.

Global Government Run by Banks

The endgame for the banksters is “nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.” Once the system is perfected the human population will be culled.

The first president (appointed) of the European Union, Belgian Prime Minister Herman Van Rompuy stated that 2009 was the first year of global governance with the establishment of the G20 in the middle of the financial crisis. Therefore, the banksters already have their planetary regime established and the lives of 90% of the population are threatened.

Solutions

Clearly banksters are the ultimate sewers of iniquity, reaping where they have not sewn. To defeat them and their plans to cull the population, the private Federal Reserve must be abolished when its 100-year charter expires in 2013. Fractional reserve lending must also be abolished.

We must educate others as to the issues in this article and the nature of the real government. No one would invest in Enron or trust MF Global today because their crimes are pubic knowledge. Likewise, the banksters will not be able to continue their crimes when they become common knowledge.

Boycotting the largest banks is a necessity as is refusing to own shares of their stock.

David Icke’s excellent lecture on the corrupt money and banking system is worth sharing with others. 

Paul Adams is your humble servant. Those that oppose the banksters and their New World Order have not the spirit of fear; but act with power, love, and a sound mind.

Read Part 1 HERE.
To hear a recent interview with Paul Adams, click HERE.
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