posted on Jun, 3 2013 @ 07:40 PM
Originally posted by pstrron
Ya think??? With the invention of fractional reserve banking and going off the gold standard the banking system is clearly criminal. Counterfeiting,
yep done every day by the Federal Reserve Bank to the tune of $85 billion a month. Must be nice to create money out of thin air and then charge
interest on something that doesn't exist yet demand real money or property in return. Now if you tried doing it they would throw you in jail and
loose the key.
Agreed - the thing he did not mention was the other method of counterfeit by banks, monetization of promises to pay.
This in my opinion is the most egregious of all, because it is the most common and accepted of banking practices. It is the run of the mill theft
that occurs when ever anyone gets a mortgage or gets finance for a personal loan, or uses a credit card.
The banks simply print off the money for the loan - without limit, and no reserve whatsoever.
When they print this money, it would be utterly worthless - if they did not STEAL the VALUE of that money from all other holders of that kind of
currency. It is counterfeit, it is theft - there is no banking done at this time in the world that is not pure theft.