our direct source on this link
By wmw_admin on June 25, 2011
Dave Starbuck – June 14, 2011
I think all your readers, and any person that is affected by inflation should be made aware that the financial ills of this and many other countries can be summed up in two words: Fractional Banking.
Allow me to explain in simple terms a subject that is very complex.
If you had one car and sold it to ten people you would or should be sent to jail for fraud.
The banks have been doing this, albeit in a more subtle and sophisticated way for hundreds of years.
Have you ever wondered where the banks get all their money from? When they grant you a loan or overdraft, where does the money come from? According to Frederic Soddy, former eminent Oxford University professor, banks are:
“Institutions which pretend to lend money, and do not lend it, but create it, and when it is repaid de-create it and have achieved the physically impossible miracle thereby, of not only getting something for nothing but also of getting perennial interest from it.”
So the banks create money, out of nothing and charge you, the customer, interest to borrow it, and woe betide you if you default.
In 1694, the year that the Bank of England (which is a private and not a government run institution as many people are led to believe) was formed, William Patterson, the financial front man, openly declared that: “The bank hath benefit of interest on all monies which it creates out of nothing.”
On June 25th 1863, the Rothschild brothers sent a letter to a Messers Ikleheimer, Morton and Vandergould at No 3 Wall Street, New York which carried the following passage setting out the system by which banks monopolise the creation, control and distribution of the nation’s money created from nothing and charge exorbitant interest to borrow it:
“The few who understand the system will either be so interested in its profits or so dependent in 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 advantages that capitol derives from the system, will bear its burden without complaint and perhaps even without suspecting that the system is inimical to them.”
We are the mugs who bear the burdens.
In short if our cowardly bunch of politicians gave top priority to monetary reform we would have a system that would benefit everybody. Except the ones who were and still are responsible for this fraudulent financial system before it collapses, and collapse it will and much sooner than most people think, like a house of cards. When this happens we can lay the blame on the doorstep of banks, certain insurance companies, building societies and other financial institutions, not to mention our politicians.
Dave Starbuck (Editor of Revelation Tapes)
- Ellen Brown – The Global Debt Crisis, How We Got In It, and How to Get Out (inquiringminds.cc)
- The Origins of Modern Banking – “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power should be taken from (inquiringminds.cc)
- Monetary Reform Myths – #1 – The 10% Reserve Rule (inquiringminds.cc)
- Brian Lucey just made my day – Paul (inquiringminds.cc)
- THE ANSWER (To Whom Do We Owe This Money, Exactly?) (mysatelite.wordpress.com)
- Bedford Corners President and Yonkers CEO of Mount Vernon Money Center Sentenced to Jail for Bank Fraud (yonkerstribune.typepad.com)
- How banks create and destroy money (politics.ie)
- Beware of Online Banking Fraud (socyberty.com)
- Depression by Design ??? (2012patriot.wordpress.com)
- Foreclosure Fraud on 60 Minutes (adask.wordpress.com)