TOPIC

THE CURRENT MONETARY SYSTEM:

PRIVATELY ISSUED MONEY

THE CURRENT MONETARY SYSTEMis PRIVATE

PRIVATE commercial bankscreate bank credit…..

which functions as moneybut is DEBT.

PRIVATE COMMERCIAL BANKS –Do not lend your deposits to borrowers

NODEPOSITS LOANS

IT IS THE EXACT OPPOSITE !!!

A borrower signs a loan contract,and the BANK CREATES A DEPOSIT

in the borrower’s account

LOANS CREATE DEPOSITS

OUR MONEY IS CREATED

WHEN WE GO INTO DEBT…TO PRIVATE BANKS….

TOPIC

THE PRIVATE FEDERAL RESERVE SYSTEM

AND

THE BOOM AND BUST CYCLE

THE FEDERAL RESERVE BANKING BILL- PASSED BY CONGRESS IN 1913

-SECRETLY WRITTEN BY BANKERS IN 1910

NEW YORK FEDERAL RESERVE BANK

BANK OFAMERICA

CITIGROUP J.P.MORGANCHASE

DEUTSCHE BANK

GOLDMAN SACHS

HSBC UBS ETC.

PRIVATE Federal Reserve Bank:

PRIVATE member commercial banks:

BANK GETS CUSTOMER GETS

LOAN CONTRACTfor $20,000

+ $20,000DEPOSIT

BORROWER will find $20,000 added to his account …..

#1 Commercial banks create our MONEY SUPPLY from LOANS

#2 INTEREST ?BANK’S ASSET

CUSTOMER’SACCOUNT

LOAN CONTRACTfor $20,000

+ $20,000DEPOSIT

INTEREST -- COMES FROM EXISTING MONEY SUPPLY…

MONEY SUPPLY

Principal

DEBTS TO BE PAID

Principal + Interest

DEMAND SUPPLY

BANK’S ASSET

LOAN ACCOUNT

LOAN CONTRACTEXPIRES

$0.00 PRINCIPAL disappears

#3 WHEN A LOAN IS PAID OFF…..

30,000.00INTERESTINCOME

INTEREST remains with bank

BANK’S ASSET

LOAN ACCOUNT

LOAN CONTRACTEXPIRES

$0.00 PRINCIPAL disappears

#4 WHEN A BORROWER DEFAULTS…..

Bank getsCOLLATERALto sell

MONEY SUPPLY BALLOONS….WHEN BANK LOANS (DEBT) INCREASES

MONEY SUPPLY MONEY SUPPLY

STOCK MARKET BUBBLE - 1920+MORTGAGE BUBBLE – 2004+

MONEY SUPPLY SHRINKS….WHEN LOANS ARE PAID OFF OR DEFAULT

MONEY SUPPLY

MONEY SUPPLY

GREAT DEPRESSION 1930+GREAT RECESSION 2008+

EXPANDING MONEY SUPPLY

BUY, BUY, BUYPrices UPMore bank loans

THE BOOM AND BUST MONETARY CYCLECOLLAPSING MONEY SUPPLY

SELL, SELL, SELLPrices FALLING Bankruptcy, foreclosure, unemploymentBuy assets cheap

THE ‘BUSINESS CYCLE’……. IS A BANK CREDIT CREATION CYCLE,

creating instability for all citizens benefiting the few

OUR COUNTRY DOES NOT HAVEA STABLE MONEY SUPPLYWE ARE AT THE MERCY OF PRIVATE BANKS

TOPIC

INJUSTICE:PRIVATELY ISSUED

CREDIT MONEY

“whoever controls the money system, over time will control the

nation”

GOVERNMENT DEBT

$16.7 TRILLION DEBT

• HOMELESSNESS• UNEMPLOYMENT• BUSINESS BANKRUPTCIES

ASSET CONFISCATION

BOOM & BUST CONCENTRATES WEALTH

INTEREST

INTERESTPRIVATEBANKS

PRODUCTIONDISTRIBUTION

HOUSEHOLDS

LABOR

RETAILERS

INTEREST CONCENTRATES WEALTH

INTEREST

INTEREST

GOVERNMENTDEBT

INTE

REST

LOANSGOLDMAN, CITIBANK, MORGAN

CHASE, BOA, ETC.

HEDGE FUNDS

DERIVATIVESTRADING

1980+

CURRENCYTRADERS STOCK, BOND

MARKETS

THE POWER OF PRIVATE BANKS TO DECIDE WHO GETS LOANS…..

CONCENTRATES WEALTH IN THE FINANCIAL SECTOR –

NOT WHERE THE JOBS ARE

SECURITIZATIONCMO, MBS, ABS, etc.

1990+

FUNDS

PRIVATELY-ISSUEDMONEY

WRITING LAWSPACS

CONCENTRATION OF CONTROL: EDUCATION, WAR, MEDIA, ELECTIONS,

GOVERNMENT

MEDIA OWNERSHIP

LOBBYISTS

UNIVERSITIES

ELECTIONSCOURTS

(CITIZENS’ UNITED)

WAR,SECURITY STATE

PRIVATELY-ISSUED MONEY KEEPS

EVERYONE IN DEBTSTUDENT DEBT $ 1.0 TRILLIONCREDIT CARD DEBT $ .8 TRILLIONMORTGAGE DEBT $ 13.0 TRILLIONCORPORATE DEBT $ 8.7 TRILLIONSTATE, LOCAL GOVT DEBT $ 3.0 TRILLIONFEDERAL GOVT DEBT $ 16.4 TRILLION TOTAL PRIVATE, CORP, GOVERNMENT DEBT

$ 42.9 TRILLION

SOLUTION: Government-issued money

• INDESTRUCTIBLE

• INTEREST-FREE

• SPENT FOR THE MANY

• PROVEN TO WORK FROM OUR NATION’S HISTORY

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