It’s hard to imagine a greater fraud than this.
No bank lent you anything ever. Few better voices to explain this than Pat Cusack
The fraud
This is exactly what happens
Imagine if I walked into a bank with a chunk of gold.
They took it from me, sold it and gave me the money. So far so good.
Then as I was leaving they call out
“We want all that money back please
- with interest!!”
How would you feel? Would this be allowed? They stole my gold! And pretended to lend me MY MONEY. AND had the nerve to add “interest” on top??!?!?!
Welcome to the banking system.
Every loan is a theft of a financial instrument we personally create with our signature.
The “money” (asset and liability adjustments) comes from the promissory note. They literally steal it and pretend to lend it back.
This is how EVERY “loan” works.
This is not conjecture
This is green stuff not pink.
It was settled completely by the empirical bank experiments by Richard A. Werner, D.Phil.
https://doi.org/10.1016/j.irfa.2014.07.015
https://doi.org/10.1016/j.irfa.2014.10.013
https://doi.org/10.1016/j.irfa.2015.08.014
I would say both publications are essential subscriptions and both chaps essential follows
Warm wishes
Tim
New film coming out very soon. Think it will make you gasp.
All paid subscriptions very much appreciated or one off gifts.
A few old posts
Another way to describe what banks do: "They lend you money that doesn’t exist".
Swapping your $100,000 promise (mortgage) for their $100,000 promise (a credit balance) creates no debt on either side; it’s like swapping a $100 note for 5 $20 notes.
It's not turtles, it's promises, all the way down.
For a native english speaker your are quite kind.
Robbery,blackmail,political corruption,forced homelesness ,murder via desperation and many more