The economic smokescreen

“It is well enough that people of our nation do not understand banking and monetary system, for if they did, I believe there would be a revolution by tomorrow morning”
Henry Ford

You may find finance and working of economic systems boring and uninteresting, but this is exactly where the problem begins. This lack of interest on your part is what allows the present economic and banking system to rip you off and lower the quality of your life. You may also want to stay as far away as possible from financial war thinking that you have no power over it, but again this is where you are completely wrong.
Just think about it!
Why is it that only a few people know that a large number of people are very easily being fooled by the economic system? In this age of internet, there is no excuse or space for ignorance! We have been so defeated, suppressed and actually dumbed down by the media, food, pollution and electromagnetic radiation that we are now content to lead our lives like slaves.
Work full day like an idiot, watch television at night, enjoy a holiday once a year and then constantly live in debt. Here you go, this is what has become of us.

The funniest thing is, parents are getting themselves into debt for their children when they could utilize the same time understanding and trying to change the financial system which could ultimately be hundred times better for the happiness of our future generations.
However, it is a great thing that people have started to realize the problem here, they have started to raise their voice, and it is very good to know because this is the Rubicon that must have been crossed a long time ago, but as they say, it is never too late! Let’s just go through different aspects of this whole phenomenon of global finance and banking system. Before anything else, you must know what you are really dealing with. The fundamentals must be crystal clear in order to address them. The real misconception about the answer to the question “Where does the money come from?”, “Who creates money?”, or “Who’s the beneficiary” is that the government is the responsible one.
In reality it is the network of private banks that are making money out of thin air.

If you do the proper research, you will be overwhelmed to find out that it is the banks owned by the same people under different names in same or different networks who are creating money and then charging interest on it.
To see how it works, let’s say you go to a bank and borrow $75,000, what’ll the bank do?
$75,000 will be entered in your account and from that moment you start paying interest on those $75,000 that has never and will never exist, theoretical money called credit.
This is because the same people having power over legislation are the same ones running banking networks. Laws such as fractional reserve lending has been passed that allows banks to lease at least 10 times of what they have in deposit.
So when you put a dollar in there, they then have 9 to 10 dollars to lend.
Not only you’ll pay interest on those $75,000 but for instance you decide to take $5,000 from it and buy a bike.
Now the person you buy the bike from,then deposits$5,000 in the bank.
That bank then creates ten times that $5,000 out of the money that was originally created out of nothing and the whole process repeats itself again and again. This is what’s going on in the banking system creating phenomenal amounts of non-existent money. Here’s another thing to notice, when you take $75,000 from the bank, you are returning $75,000 plus the interest, but that money was never created!That means you never have enough units of exchange to pay your interest.
Therefore, people losing their homes, businesses all of that is actually built in the system.
So basically, we are living in a world where these banks have complete power over the global financial system leaving us completely helpless. That’s the reason they are being able to create recessions and booms at their own will.
How do they do it?

Well, by simply creating the credit crunch situation. By definition it means that they refuse to lend any unit of exchange or money which as a result drives up the cost of debt products for borrowers. The real question is why don’t government make its own currency investment free and then circulate it investment free? Why not let money do the job it is supposed to do? Well, the answer is very simple. The government is under the influence of people who are a part of this banking network, it can’t make them unhappy by making currency interest free. The bitter truth is that the only unit of exchange, money, is nothing more than a debt from the beginning of its creation when people borrow it from banks! This banking system is manipulating and corrupting the whole economic system.
They put more money in circulation to create a boom, and then what happens? People find themselves in a good position and then there are bigger houses, bigger cars and so on. Result?
More debt! At a suitable point, they take units of exchange out of the system, just like what happened in the global financial crises 2008, and the overall economic activity goes into a depression or a slump. People find themselves unable to pay mortgage of their homes and ultimately they lose their houses.
Those banks then takes homes,houses and lands under their control.

These banks are really proficient in exploiting the crookedness of information.
While they claim that their client’s interest is their top priority, the reality is completely different.
That is the reason why banks constantly increase complexity of the transactions to make it really difficult for the client to understand where money comes from. One of the major strategies used by the banks is the development of proprietary financial indices. These are the financial indices that depend on a pre-determined strategy of investment, implemented by the bank.
Although the marketing perspective of this is client’s benefit, in reality the whole purpose of this is to protect the bank from any competition.it also puts the bank in a perfect position of monopolizing the client when they want to exit a transaction early.

Another frightening reality that we are being ignorant of is student loan. We know a lot about mortgage market in contrast, but we have no idea how much risk student debt places on financial system, individual households and overall economy. Student loan is not a trivial matter, not only for the responsible borrowers but also for the country as a whole. “Student loans are the only credit vehicle where a lender continues to extend credit year after year without knowing the person’s ability, or even willingness, to pay,”, (Michele Raneri). Unlike other debts and loans, student loan never disappears even if you end up filing for bankruptcy. Also the interest rates as compared to other loans are much higher.
It is really difficult to put all of the factors involved in this global financial crisis we all are facing right now.
There are only two choices to rescue a financial system after being shattered by a crisis, either move fast and make legislations with the support of politics, and then later on try to adjust the rules and regulations to avoid any unpleasant circumstances, or move slowly and carefully consider the assets and liabilities of legislations before implementing them, but politicians may be changed before any practical work and nothing will ever happen.
So I would say move fast, don’t worry about the imperfections.
Adjust them with time and successfully put together a perfect legislation.

There have been some talk where several banks have talked about making their own crypto currency, if they change the system or not. That's up to them, but we as people can and should say no to the way these banks works. Where bankers are immune to charges and are free to do whatever they want with our money.