Large Banks

Currency Supply And Centralized Private Banking

INTRODUCTION

There is a very real and wide spread financial crisis which plagues modern society today. Those who recognize the existence of such calamity often readily divert from such discussions as they entail a great level of complexity. Not only that – most people would rather not begin discussing the greed-driven central banking crisis because the topic is really quite disturbing (Take a quick look at the US Debt Clock and you can get a quick glimpse of why many are disturbed by the topic). Denial, however, will not ever bring a solution to the problems at hand. The TRUTH about these matters is what has the power to SET YOU FREE. 

This article includes a list of valuable and essential resources which each contain parts to the full story of what is going on – the story of the economic debt-slavery of humanity. These matters are a critical component of why I, as an entrepreneur, have centered my mission in this world around the liberating effects presented by cryptocurrencies such as bitcoin.

If you have never been introduced to the world of bitcoin (cryptocurrency/digital assets) then please read over my full research paper here: INTRO TO DIGITAL ASSETS If you would like to know more about how you can get involved with this new financial revolution, please CONTACT ME


HIDDEN SECRETS OF MONEY

Currency vs. Money (Hidden Secrets of Money, Episode 1)
Mike Maloney travels to Egypt to unravel the difference between money and currency. Many people have been led to believe they are the same thing, a misconception that could have dire consequences in the near future.

Seven Stages of Empire (Hidden Secrets of Money, Episode 2)
In Greece, Mike discovers when and why currency became money. Then he covers the seven economic stages every Empire goes through. During a private meeting in London, he looks at 140 years of U.S. monetary history to reveal which stage we are in now.

From Dollar Crisis To Golden Opportunity (Hidden Secrets of Money, Episode 3)
Mike states his case for why the world will soon have a new monetary system. He covers events converging today, including countries repatriating gold and bilateral trade agreements, that mark the beginning of the end for the U.S. Dollar Standard.

The Biggest Scam in the History of Mankind (Hidden Secrets of Money, Episode 4)
Mike reveals one of the biggest secrets in the history of the world. It’s a secret that affects everyone on this planet. Most people can feel deep down that something isn’t quite right with the world economy, but few know what it is.

Rise of Hitler Was Economics (Hidden Secrets of Money, Episode 5)
Mike travels to Germany to show you the quality of a society is directly proportional to the quality of its money. When a currency is debased long enough, you get dangerous deficits, debt driven disasters, and eventually… delusional dictators.

The Roller Coaster Crash (Hidden Secrets of Money, Episode 6)
Mike shares four reasons a deflationary crash bigger than 1929 is coming. This episode features all his latest evidence rolled into one, succinct argument that makes it easy to see exactly how the Fed and the world’s central banks have set us up for a collapse.

The USA’s Day Of Reckoning (Hidden Secrets Of Money, Episode 7)
Mike Maloney glimpses into the near future to show you how fast the U.S. dollar and economy could collapse. You’ll learn about the velocity of currency, a concept economists try to complicate but is actually quite simple when you realize it has more to do with psychology than numbers.


CENTRAL BANKING: THE BIG PICTURE

 

The simple steps of private central banking are as follows:

  • Step 1: Government creates glorified I.O.U.s
  • Step 2: Banks swap I.O.U.s to create currency
  • Step 3: Government spends the currency
  • Step 4: Banks multiply the currency by fractional reserve
  • Step 5: Wages are taxed
  • Step 6: The Debt Ceiling delusion is propagated
  • Step 7: Secret share holders of the Federal Reserve take their cut

In Episode 4 of Mike Maloney’s economic presentations (“Hidden Secrets Of Money”), a diagram showing a simplified step-by-step process flow for the central banking structure is presented. You may view/download that poster by following the link below.

View/download the high resolution PDF poster


IMPORTANT QUOTES

Quote by John Maynard Keynes

The following quotations are from various notable individuals throughout history as they spoke on these topics of central private banking and the creation of the money supply.

(These quotes and many others like them may be found HERE and HERE.)


BANKERS

William Paterson“The bank hath benefit of interest on all moneys which it creates out of nothing.”

William Paterson
Founder of the Bank of England in 1694, then a privately owned bank


Mayer Amschel Rothschild

“Let me issue and control a nation’s money and I care not who writes the laws.”

Mayer Amschel Rothschild (1744-1812)
Founder of the House of Rothschild


“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”

The Rothschild brothers of London
Writing to associates in New York, 1863.


Sir Josiah Stamp“Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits.”

Sir Josiah Stamp
President of the Bank of England in the 1920s, the second richest man in Britain.


reginald_mckenna_photo“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.”

Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924


“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.”

H W White
Chairman of the Associated Banks of New Zealand
While addressing the New Zealand Monetary Commission, (1955)


POLITICIANS


Thomas Jefferson“I believe that banking institutions are more dangerous to our liberties than standing armies.”

Thomas Jefferson
US President (1801-1809)

“If the American people ever allow private banks to control issue of their currency, first by inflation, then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Thomas Jefferson
In the debate over The Re-charter of the Bank Bill (1809)


Napoleon Bonaparte“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

Napoleon Bonaparte
Emperor of France


Karl-Marx“Money plays the largest part in determining the course of history.”

Karl Marx
Communist Manifesto (1848)


James_Abram_Garfield“Whosoever controls the volume of money in any country is absolute master of all industry and commerce… And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

James Garfield

US President

Assassinated within weeks of release of this statement during first year of his Presidency in 1881


Abraham_Lincoln“The government should create, issue and circulate all the currency and credits needed to satisfy the spending power of the government and the buying power of consumers. By adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”

Abraham Lincoln
US President 1861-1865

He created government issued money during the American Civil War and was assassinated


Otto_von_Bismarck“The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization.”

Otto von Bismark (1815-1898)
German Chancellor, after the Lincoln assassination


“That this House considers that the continued issue of all the means of exchange – be they coin, bank-notes or credit, largely passed on by cheques – by private firms as an interest-bearing debt against the public should cease forthwith; that the Sovereign power and duty of issuing money in all forms should be returned to the Crown, then to be put into circulation free of all debt and interest obligations…”

Captain Henry Kerby MP
In an Early Day Motion tabled in 1964


“Banks lend by creating credit. They create the means of payment out of nothing.”

Ralph M Hawtry

Former Secretary to the Treasury


“… our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.”

The Earl of Caithness
In a speech to the House of Lords, 1997


OTHERS


L.N.Tolstoy“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.”

Leo Tolstoy
Russian writer


Henry_ford_1919“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”

Henry Ford
Founder of the Ford Motor Company


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un- mint the modern ledger-entry currency.”

Major L L B Angus


John_Kenneth_Galbraith_1982“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.”

John Kenneth Galbraith (1908- )
Former professor of economics at Harvard
In his book, ‘Money: Whence it came, where it went’ (1975)


CONCLUSION

The journey of a thousand miles begins with the first step. No change will ever come to this world or to your life, personally, if you do not TAKE ACTION.

Read about how cryptocurrency is solving the crisis of centralized private banking in my article, Why People Argue Bitcoin Price but Miss the Bitcoin Value

If you have found this information useful then please consider sharing it with your friends and family. Please leave comments and feel free to contact me via the contact information listed HERE.

Published by

willinspire

Entrepreneur Cryptocurrency Trader Forex Trader Internationally Published Model Model Coach, Model Scout Published Photographer USMC Veteran Violinist and Pianist Investor Visionary

One thought on “Currency Supply And Centralized Private Banking”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s