General Stock Ideas

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Ombow, >>> The banks are not lending fictitious money <<<



It's actually ALL fictitious, the original 'money' and also the 'money' being lent out. Of the money supply (M1, M2, M3, etc), only ~ 3% of what we call money actually exists as paper dollars. The rest (97%) exists merely as computer entries. And the 3% of money represented by paper dollars was itself created out of nothing, as explained in the video. And the money is not real money (equity), it is a debt instrument (Fed Reserve note).

The whole system is a massive fraud foisted upon nations by a clique of private bankers. The debt-based money system model goes back to the Bank of England (circa 1694), but they got the idea from the earlier corrupt Venetian system.

Under the US Constitution, money was to be created by the Congress debt-free (no interest due). Under the criminal Federal Reserve System (1913), the privately owned Fed Reserve creates the money and LENDS it to the US Govt, at interest. Hence the ever growing national debt. They concurrently created the Fed Income Tax (16th Amendment) to ensure payment of the interest on the growing national debt.

Not only does this criminal system indebt the nation, the private banking cartel who own the Fed Reserve (the Fed is a private corporation) quickly gain control over the government, politicians, corporations, media, and entire economy. War is their favorite activity because it causes the government to borrow massive amounts from the Fed. Historically, this banking cartel has funded both sides of most wars.



As Thomas Jefferson said -


"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."