We expose the evil, bank-controlled money system by revealing the hidden documents and videos!
“The actual creation of money ALWAYS involves the extension of credit by private commercial banks”
-US Treasury Assistant Counsel Russell L. Munk, 1982.
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1. VIDEO: Professor Richard Werner explains the accounting tricks used by banks to create new digital money when they lend (youtube, 10 minutes): https://www.youtube.com/watch?v=3N7oD5zrBnc&t=60s
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2. VIDEO: Professor Richard Werner speaking at the Rhodes Forum 2018. He explains his scientific test that proved banks create new digital money when they issue loans. (youtube, 80 minutes [skip to 16:30 to hear him explain the experiment]): https://www.youtube.com/watch?v=8FT-zyTX2nE
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3. DOCUMENT: Professor Richard Werner’s research paper published in a peer-reviewed, scientific journal. His study proved that banks create new digital money when they issue loans AFTER the borrower signs the loan contract (link to researchgate.net website from which you can download the .pdf file): https://www.researchgate.net/publication/265909749_Can_Banks_Individually_Create_Money_Out_of_Nothing_-_The_Theories_and_the_Empirical_Evidence
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4. DOCUMENT: Here’s the famous 1982 letter Byron Dale received from the US Treasury. US Treasury Assistant Council (Attorney) Russell L. Munk openly admitted, “The actual creation of money always involves the extension of credit by private commercial banks.”
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5. DOCUMENT: The Library of Congress admits that private banks create new money when they lend. When the money is repaid, it is “extinguished”, which means it vanishes and no longer exists. (However, the interest paid to the bank continues to exist as profit!)
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6. DOCUMENT: The US Treasury admits that the money used to pay interest on a loan must be created somewhere else in the economy as another loan!
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7. DOCUMENT: 1979 Federal Reserve publication, “The Story of Banks.” Here, the bank-owned Federal Reserve Bank of New York admits that private banks create new money AFTER the borrower signs the loan contract. (The money created by private banks is called “demand deposits” or “customer deposits”.)
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8. DOCUMENT: Another Federal Reserve admission from 1966: “In the communist countries, money is created in the same way as in capitalist countries- through the extension of bank credit.”
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9. DOCUMENT: Here is the 2014 study by Bank of England economists called, “Money Creation in the Modern Economy.” “Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.” (click link to go to Bank of England website and read or download .pdf) https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf
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10. DOCUMENT: Here’s a letter to Byron Dale from Linda Coleman at the US Treasury who admits the following: ONLY financial organizations (private banks) issue cash and coins into circulation. (FACT: The US Government does not directly issue any money into circulation.)
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11. VIDEO: Independent Journalist Gary Franchi interviews Federal Reserve Bank of Chicago spokesman Jerry Nelson. This Federal Reserve representative openly admits that the Chicago Fed is a bank-owned corporation with money creation powers! (youtube, 15 minutes [skip to 4:17 to hear admissions]): https://www.youtube.com/watch?v=6N-8DyPoNgU
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12. DOCUMENT: Here is a link to the 1982 court case, “Lewis vs. The United States.” This is one of many U.S. court rulings that show Federal Reserve Banks are bank-owned and bank-controlled corporations. (FACT: Federal Reserve Banks are NOT agencies of the US Government!) https://www.leagle.com/decision/19821919680f2d123911702
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13. DOCUMENT: Federal Reserve banks are required to pay property taxes. Why? Because they ARE NOT government agencies. Here’s a letter from the State of Minnesota State Auditor confirming this.
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14. VIDEO: Former Federal Reserve Chairman Alan Greenspan admits that the Federal Reserve is independent, and its actions cannot be overruled by any other agency of government! (youtube, 00:33)
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15. VIDEO: TEDX talk with Danish Professor Ole Bjerg. He explains that over 95% of the money supply exists only in the computers of private banks, and that banks create this digital money when they lend. (youtube, 14:53)
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16. VIDEO: TEDX talk with Professor Jem Bendell describing the bank-created money scam, its evil side-effects, and possible solutions. (youtube, 13 minutes)
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17. VIDEO: Here’s a link to Gregory K. Soderberg’s video, “Money Secrets EXPOSED!” This 15 minute cartoon video focuses on the morality questions and human destruction caused by the bank-created money scam. (youtube, 15 minutes) https://www.youtube.com/watch?v=BXH9t7h_Y88
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18. VIDEO: Here’s a link to Gregory K. Soderberg’s video, “The PROOF.” This is an excellent video for new students of the banking subject! It provides simple, undeniable proofs that private banks create all money when they issue loans! (youtube, 14 minutes) https://www.youtube.com/watch?v=nOR5nSclp7I
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19. DOCUMENT: Federal Reserve Bank of St. louis document showing the total amount of all debts owed by the people and governments of the United States. Most of this $85 TRILLION dollars of debt is owed to private bankers.
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20. DOCUMENT: Federal Reserve Bank of St. Louis document showing the total money supply, called “M3.”
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21. DOCUMENT: Using the previous two documents and applying simple math skills and basic logic, we see that it is mathematically IMPOSSIBLE to repay all debts! If we all tried to repay our debts to bankers, we would fall short by $64 TRILLION DOLLARS! (It is mathematically IMPOSSIBLE to repay the bank debt. If we don’t abolish this system, the debt trap will continue forever.)
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22. VIDEO: Byron Dale interviewed by Leslie Davis. Byron explains the bank-created money scam and its evil consequences in simple English (youtube, 28 minutes): https://www.youtube.com/watch?v=-UIA8Zu-bgw
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23. DOCUMENT: The Government requiring citizens to use unpayable, bank-created money forces us into a state of involuntary servitude. This is a clear violation of the 13th Amendment to the US Constitution: https://constitution.congress.gov/constitution/amendment-13/
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24. DOCUMENT: So-called bank “contracts” do not disclose that the money being lent is created out of nothing in the bank’s computer. Nor do the banks admit that it is mathematically 100% impossible for all borrowers to repay the loans. Valid contracts require a legal contractual element called, “A Meeting of the Minds” (AKA “consensus ad idem”). This essential element of every contract requires “Understanding of all terms, conditions, and subject matter by both parties.” Because banks don’t disclose themselves as the creators of the loaned money nor the impossibility of repayment, their so-called “contracts” are invalid. (Unfortunately, most US Courts refuse this commonsense challenge and allow bank contracts to be enforced.) https://www.upcounsel.com/consensus-ad-idem-in-contract-law
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SUMMARY:
1) Government “Legal Tender Laws” force us to use dollars for paying taxes, fines, fees, licenses, and settling private contracts.
2) But government doesn’t create dollars; ONLY private banks create new money, and only when they issue loans!
3) Private banks create new money in their computers when they issue loans with no need for prior deposits or reserves.
4) It is impossible to repay all of these loans because banks only create the principal amount when lending, but never the additional interest that is due.
5) Government requiring the use of this unpayable, interest-bearing money FORCES us into involuntary servitude to private bankers.
6) This forced indebtedness violates the 13th Amendment to the United States Constitution which prohibits involuntary servitude.
7) Changes in money-creation by banks and related debt levels are responsible for business cycles, housing booms & busts, inflation, recessions, and hyperinflations (Private banks alone create these avoidable conditions, NOT government).
8) All bank “contracts” are not actually enforceable contracts at all, because they lack two essential elements of legal contracts: “Consideration”, and “A Meeting of the Minds.”
9) The Federal Reserve banks are private corporations, 100% owned and controlled by private banks (Federal Reserve Banks are NOT government agencies).
10) American banks earn hundreds of billions of dollars in profit every year by loaning money THEY NEVER HAD TO BEGIN WITH.
11) When people inevitably default on these unpayable bank loans, their lives and families are ruined through property seizure, endless collection attempts, wage garnishments, and expensive court cases. These financial disasters often lead to divorce, depression, broken homes, and even suicide.
12) In the USA approximately 95% of circulating money exists only in the computers of private banks, while perhaps 5% is cash and coin.
13) Paper money and coins are created by the US Treasury, but ONLY private banks issue this money into circulation (The government DOES NOT issue any cash, coins, or debt-free money directly into circulation).
CALL TO ACTION!
The bank-created money system is evil and must be abolished. We must destroy the ability of banks to create money as debt, and replace this scam with a debt-free, interest-free money system.
All bank-created debts must be forgiven and wiped clean (Debt Jubilee). This must include “ZEROING-OUT” all bank-created home mortgages, credit card balances, auto loans, business loans, and all government debts. The existing money supply (approximately $22 Trillion as of 1/15/2022) must then be converted into a debt-free National Currency or Silver coinage.
The bankers who own and control the money system don’t want the system to change. The bankers don’t even want the victims of their scam to know how the evil system works. They use their unlimited money and powerful connections to keep the public brainwashed and deceived. The bankers know the majority of people would never accept this unfair system, so the money-creators must constantly lie to hide their scam in plain sight.
Our only chance at freedom from this parasitic debt-enslavement scam is to inform tens-of-millions of Americans how the banking system truly works.
Due to complete media and academic blackouts and heavy internet censorship, almost no one knows that banks create all money as unpayable, interest-bearing debt.
Our only path to victory is word-of-mouth advertising!
Please pass the word to your friends and neighbors!
Challenge teachers, professors and lawyers to explain how money is created. When they don’t know, show them the truth contained on this website.
Our struggle is similar to the American anti-slavery movements of the 1800’s. The goal of abolishing slavery seemed impossible at first. The slave owners were rich with massive political and economic power. Most abolitionists were common people with little wealth. But after decades of spreading the truth and revealing the evils of human bondage, the abolitionists were finally successful. Victory was achieved with the passage of the 13th Amendment in 1865!
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Thanks for finally talking about > banklies.org – Banks create all money,
NOT Government! < Loved it!
Thank you! Less than 1% of people know that banks create all money. We can’t reform the system until at least 25% of Americans understand the bank-created money scam. Please help spread the word! We CAN abolish bank-created money!
Very good info. Lucky me I recently found
your site by chance (stumbleupon). I’ve book marked it for later!
Please help spread the word that private corporations (banks) create and control our money supply!