No bank has made "loans" since 1933. "Borrowers" create the funds when we sign a bank's note from our Treasury Direct Account's unlimited credit. The bank deposits our notes as a credit instruments upon which they can lend 900% more. Then they hand us our own money (that we just created) and charge us 3 X face + chattel our homes for mere book keeping entries. All banking IS fraud.
A national debt represents the sum of money that nation's central bank robbed from that nation's People.
No bank has made "loans" since 1933. "Borrowers" create the funds when we sign a bank's note from our Treasury Direct Account's unlimited credit. The bank deposits our notes as a credit instruments upon which they can lend 900% more. Then they hand us our own money (that we just created) and charge us 3 X face + chattel our homes for mere book keeping entries. All banking IS fraud.
A national debt represents the sum of money that nation's central bank robbed from that nation's People.
stopdemockery 2 months ago