How the elite dominates the world. Part 2: why in the world, law and authority was given to Central Banks?
Despite the fact that the world is deeply divided at all, but anyway, almost all of them were convinced that the Central Bank is something that is necessary. Today less than 0.1% of the world population lives in countries where there is no Central Bank. You think that’s a coincidence? And also no accident that we are now facing the greatest debt bubble in the history of the world. In the first part of this series, I discussed the fact that overall global debt has reached 217 billion dollars. Once you understand that Central banks created to create endless debt, and once you understand that 99.9% of the world population lives in countries with a Central Bank, then, finally, you will become visible to the overall picture of why we have accumulated so much debt. The elite of the world uses debt as an instrument of enslavement (How The Elite Dominate The World – Part 1: Debt As A Tool Of Enslavement), and the Central banks allowed them to literally enslave the entire planet.
Some of you may not be familiar with how the «Central Bank» is different from conventional Bank. The following definition of «Central Bank» given by Wikipedia:
Central Bank, reserve Bank, or monetary authority is an institution that manages state currency money supply and interest rates. Central banks also usually control the commercial banking system of their countries. Unlike commercial banks, a Central Bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency , which typically acts as the legal tender money of the state.
Over the past 100 years or so, we saw how the Central banks were gradually established throughout the planet. At the moment there are only 8 small countriesthat still do not have a Central Bank:
-Federated States Of Micronesia
The number of residents of these 8 countries is less than 0.1% of the world population.
But despite the fact that the Central Bank is almost universal, only a small fraction of the world population can tell you how to create money.
Do You know where the money come from?
Here in the United States, most people just assume that the Federal government creates money. But it is not so.
Many people are absolutely shocked when they discover that US currency actually borrowed. The Federal government provides bonds (debt) US Federal reserve in exchange for money created by the fed out of thin air. The Federal reserve then sells these bonds at a high price.
Because the Federal government must pay interest on these bonds, the amount of debt created by these transactions actually more than the amount of money that is created. But we are told that if we were fast enough to spread the money throughout our economy and to impose its taxes with a fairly high speed, then we will be able ultimately to repay the debt. Of course, this never happens, and therefore the Federal government must always return and take more money. It’s called the debt spiral and we will never be able to get out of this vicious circle until you end this terrible system.
But why is our government (or any government for that matter) is forced to borrow money created by the Central Bank in the first place?
Why governments cannot create money?
Oops. It’s a big secret that nobody must speak.
Theoretically, the US government actually do not need to take a penny. Instead of having to borrow money created by the fed out of thin air, the Federal government can simply create money directly and spend them into circulation.
Yes, it can happen. In 1963, President John F. Kennedy signed a decree 11110which allowed the US Treasury to print money and bypass the Federal Reserve system. These debt bonds “United States Notes” were issued, and you can still find them on eBay today. Unfortunately, President Kennedy was assassinated shortly after the decree was issued.
If we eventually completely switched to “United States Notes” and have phased out banknotes of the Federal reserve, today we would not have 20 trillion dollars in debt.
The elite of the world likes to force national governments to go into debt, as it allows them to enslave whole Nations, while having a huge profit.
In 1913, the cunning plan was carried through Congress just before Christmas, the plan was based on the draft that was developed by very influential circles of wall street. Author G. Edward Griffin did an extraordinary job documenting how it all happened, in his book called «the Creature from Jekyll island: a second look at the fed». The Central Bank was purposely created to create a spiral of public debt, which is what happened.
Since 1913 the size of the national debt has grown by more than 6000 times, and the value of our dollar has dropped more than 98 percent. Many conservatives are still under the illusion that someday we will be able to get out of debt if we’re just going to quickly develop the economy, but I have already shown in another article that we have reached the point where it’s mathematically impossible (It Is Mathematically Impossible To Pay Off All Of Our Debt).
Most people are also false illusions about what the Federal reserve is part of the Federal government. But it is also inaccurate. Below are excerpts from my previous article (The Federal Reserve Must Go) :
Often there is a big confusion about the Federal reserve as many believe that it is just an Agency of the Federal government. But of course, it is not. In fact, he loves to talk Ron Paul, the Federal reserve is about the same «Federal» as Federal Express.
The fed is an independent Central Bank, who even proved in court that he is not an Agency of the Federal government. Yes, the President appoints the fed, but the fed and other Central Banks around the world are always fiercely guarded their independence. The official web site of the fed admits that the 12 regional Federal reserve banks are organized «like private corporations», and they are working as individuals. They also hold the shares of private banks that own them.
If you so interested, that the Federal government has zero shares.
According to the Constitution of the United States, a private Central banking cartel must not let our currency. In Article I, section 8 of our Constitution, Congress is exclusively empowered “to coin money, regulate its value and the value of foreign coin, and to establish a standard of weights and measures”.
So why in the world, this right and authority was given to Central Banks?
The truth is that we don’t need a Central Bank.
From 1872 to 1913 there was no Central Bank and there was no income tax, and this period was a period of great economic growth throughout U.S. history (During The Best Period Of Economic Growth In U.S. History There Was No Income Tax And No Federal Reserve).
But then, the fed was created and since its creation has been 18 recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.
The abolition of the Federal reserve system is one of the main tasks, and I wrote about it for the last seven years.
As I said yesterday, the elite uses debt to enslave all the others, as Central banks allow them to literally dominate the entire planet.
Until we abolish this system, based on debt, and move on to the currency without debt, we will never solve our long-term economic and financial problems.
But since they are incredibly rich, the elite has an extraordinary influence in our society. They control the media, our politicians and even such global institutions as the United Nations. Anyone who dares to question the validity of the current system, will be destroyed, and very few politicians in the world who are willing to speak out against the Central Banks.
How The Elite Dominate The World – Part 2: 99.9% Of The Global Population Lives In A Country With A Central Bank — the original
However, this is beginning to change. Growing a new generation of leaders, and they are determined to break the stranglehold that the elite has placed over our society. It won’t be easy, but if we can Wake enough people, I believe that eventually we will be able to get rid of this insidious system.
Author Michael Snyder