The Greed And Fraud of The Global Banking System!
- “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. Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from the bankers and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a better and happier world to live in. But if you want to continue the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit.”
Sir Josiah Stamp, Director and President of the Bank of England during the 1920’s
– - The Illuminists own the global banking and fiat monetary system. It is a system of enslavement of the sheeple via debt. It is a fraudulent system that gives the Illuminati enormous power and control. It allows them to buy up the world at a keystroke by creating money out of thin air! The Satanic Rothschild bloodline is in charge of this Mammon enslavement of the world.
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The financial avarice of the global banking system – U.S. banks insolvent to the tune of $3 trillion. FDIC pretends to have funds to support over $7 trillion in banking deposits.
by http://www.mybudget360.com/
Part of the big delusion in our banking system is the reality that debt has become a large source of money flowing through the economy. This is why housing made the perfect vessel for Wall Street and banking speculation. Banks create money by issuing loans and there is nothing larger to loan on than a home. Think about the fact that banks were giving out $500,000 for trashy run down homes overrun with rats and this was something that they were booking on their balance sheet as an asset.
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The FDIC and other regulators simply sat back and watched as the wolves ate the financial chickens at the roost. Many Americans think that banks actually have the money in a vault when they make a loan. They do not. Just like Houdini the illusion is what is powerful. In fact, the FDIC has an insurance fund that is close to negative and this institution is supposed to back up over $7 trillion in saving deposits. How is that even possible? Only when a world is blindly accepting to a banking system and believe the media jargon that banking is too complicated for them to understand. This is what the central and investment banks want because it makes the theft easier.
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The above chart is critical in understanding that our current banking system is functionally insolvent. U.S. household carry roughly $13.5 trillion in debt. This is “money” to banks as it is an asset on their balance sheet. But with the double dip in housing, home prices have fallen by 31 percent from their peak. Mortgage debt is the biggest asset for banks running at over $10 trillion. Given that banks have yet to realize the mark to market realities and keep hiding bad assets in cover-up programs, banks are overstating assets by at least $3 trillion.
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People wonder why banks are hoarding what is now comically called shadow inventory. In effect this is housing that should be sold and picked up by the banks but they refuse to do so. Why? First, examine the above chart again. Banks claim mortgage debt as assets and therefore look wealthier than they really are. This artificial wealth makes their balance sheets seem healthier and it frees them up to speculate on Wall Street. Banks refuse to process these homes because they would have to realize the actual value of that rat invested shack that they lent out $500,000 on. When they sell the property on the current market it may yield only $100,000 to $200,000 depending on what neighborhood it is in. Since the FDIC is broke and banks simply claim debt as money, debt that is now not being paid on for over 6 million homes and you can see how the dominoes begin to fall.
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The entire banking edifice is sitting atop mountains of debt. Think about some really rough numbers here:
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-$10+ trillion in mortgage debt
-$1 trillion in student loan debt
-$750+ billion in credit card debt
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And billions of dollars in other debt including automobile loans. Current household debt is basically equivalent to U.S. annual GDP. In other words banks are creating money to boost households that don’t have the ability to purchase items without going into massive debt. Banks can pretend they are richer and households can buy more stuff that they cannot afford. That is the avarice of the system.
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All of this is occurring with the average per capita income in the U.S. being $25,000. People have a really hard time believing this because they have been conditioned to believe in the all hat and no cattle model of money. Yet this is actual data:
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…. for the full article click here!
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