DANGER: Humanity is Suffering as a Result of our Flawed Money System
Mayer Rothschild
“Give me control over a nation’s currency and I care not who makes its laws.”
Why would we allow the Federal Reserve to have complete control of our currency, when it has already collapsed the value of the dollar by more than 96%?
The value of your money, interest rates for loans, availability of jobs, and the rate of home foreclosures are all decided by a small group of elite private bankers who run the Federal Reserve. Contrary to common belief, the Federal Reserve – the Central Bank in the U.S. – is not a government agency. It’s privately owned and operated.
The directors and shareholders make important decisions about the economy behind closed doors without government or citizen oversight. What’s the result? A currency that is worth less every day; a rigged and volatile market with extreme highs and lows; home foreclosures; and a privileged class of bankers who make decisions to benefit themselves at the expense of others. Private bankers have a tremendous amount of control not only over the economy, but the government and society as a whole. Here’s how:
Banks create money out of thin air – Most people have to work hard to earn their money, but the Federal Reserve and its member banks can create money whenever they want. Banks simply spend money into existence. When the Federal Reserve buys government securities, for example, it simply credits the seller’s account with money that didn’t exist beforehand. This new money is then loaned and re-deposited at banks until it becomes 10 times the original amount.
This is possible because of what’s referred to as fractional reserve lending – banks in the U.S. are only required to keep 10% of their deposits on reserve. So if you deposit $10 into the bank, they set aside 10%, or $1, and loan out the remaining $9. Over time the initial deposit of $10 becomes $100. This is what banks refer to as the “multiplier effect” and it is the primary way money is created. Under this fractional reserve scheme we inevitably become debt slaves to a ruling class of financial elite.
Banks have a monopoly on currency – The U.S. dollar is protected by legal tender laws* and backed by the government and its military. This ensures that the bankers will be successful and profitable, without having to compete. To learn more about it, see our other Critical Issue article.
The Federal Reserve determines how much your money is worth – Since the Federal Reserve took control, the U.S. dollar has lost more than 96% of its purchasing power. One dollar in 1913 is now worth 4 cents.
This is caused by inflation – something the Fed is very good at creating and something that has serious consequences for everyone. It means today’s hard-earned money will be worth less tomorrow. Some even call it another “tax” on the American people. This is happening because the Federal Reserve is pumping more and more money into the economy without any connection to the amount of goods and services being produced. As a result, the value of the dollar goes down.
