------------------
Fractional Reserve Banking:
"Lend money that doesn't exist and add a rate of interest on the money that doesn't exist onto the total assignment of debt, thereby collecting in return multiple times the amount of the original debt assignment, and then claim ten times the amount of assigned debt being serviced as 'assets' to the banking firm who assigned the debt, or the banking firm currently servicing the debt."
------------------
It is common practice for a bank or a finance company to 'write a mortgage', or many mortgages, and then sell those bundles of paper (securities - credit default swaps - derivatives) to a larger fiat fraud institution at a couple points higher then the original note, make a few bucks profit, and then go back to writing more 'ORIGINAL' mortgages, original debt agreements, selling bundles of them, and around we go again...
Why would one bank 'buy' a mortgage-debt agreement that is already being serviced by another bank?
Greed. Profit. Somewhat legalized fraud.
WHAT HAPPENS WHEN YOU TAKE OUT A MORTGAGE TO BUY A HOME OR BUSINESS?
(1) You go to a 'lending institution' (nice name) and tell them you need $300,000 to buy a home.
(2) The lending institution is chomping at the bit to 'give you the 'money'. Why?
Because they have NO MONEY.
All the fiat banks have is the ability to create DEBT you agree to pay.
(3) The bankster goes into the back and types up a piece of paper that says you owe the bankster $300,000, plus interest.
There is no 'money' exchanged. There is just 'debt' assigned to you that you agree to pay by giving your 'signature'.
(4) This is where the twist and 'fractional reserve banking' fraud come into play...
[ You have just agreed to $300,000 plus interest in DEBT you owe to the bank.]
[The banker has just ADDED $300,000 X 10 (TIMES TEN) as AN ASSET onto their books !!!!?????]
------------------------
Remember the story of the gold smiths, and how fiat (paper currency) came into being?
Centuries ago, individuals would trade gold or silver for services or to buy 'stuff'.
But the precious metals remained physically heavy in weight, and difficult to carry around.
A service then sprang up where the 'goldsmith' would store your gold in a vault for you, and give you a PAPER receipt showing how much gold you had 'on deposit in the gold bank'.
It was not long before people began just trading the receipts for goods services, leaving the gold in place, and 'paper money' was born.
The difference between the paper money of old, and the paper money of today, is the old paper money held a storehouse of value because it was 1:1.
One increment of gold = one increment of paper....
--------------------------
There was, however, one big problem with the goldsmiths and their vaults of gold.
All of the goldsmiths of old carried the surname of "Snidely Whiplash" (later changed to "Bauer" and finally to "Rothschild"), and the goldsmiths also carried a mixed bag of genetic soup which was part human, part weasel, part pit viper, and part reptile of unknown origin - although many historians believe they originated in the mail room at the New York Times.
Regardless of where they originated from, it was only a short time before the goldsmiths discovered they could hand out more PERCEIVED value in receipts than they had actual gold stored in the 'gold banks', and now that people had grown accustom to trading in receipts, no one would be the wiser - except the 'GOLD banks - ters'- AND 'FIAT CURRENCY' was born.
A 'fiat currency' is a currency which has 'intrinsic value' because "I" say it does, and "I" am the goldsmith (bankster),and "whom is a better 'authority' than myself?
Trust me; I'm a bank-er..." says Snidely W Rothschild...
With the invention of the printing press, paper money - and the new fiat currency became commonplace, and there was more immediate perceived value in the paper than even the value of the gold in the goldsmith's vault, to most people using the paper money.
Oops! Now the bank-ers had control of the money supply, and they really did not care who was King. It was irrelevant to them.
The only thing relevant to the bank-sters was they had control of the money supply.
So the banksters set about to make their good thing even better.
The banksters made a few 'improvements' to their profit centers.
--------------------------
The bank-ers labeled these 'improvements' FRACTIONAL RESERVE BANKING.
In other words, the banksters granted their self the authority to 'lend out' MANY TIMES MORE 'money' to someone who wanted it or needed it - than the REAL VALUE OF what they actually had 'on reserve' in their bank vaults..."Trust me; I'm a bank-er..."
The bankers decided they only need a 'fraction' in reserve value - on deposit in their gold value banks - and could declare their ASSETS to be many times the value of what they actually had on hand...
For every ONE INCREMENT OF VALUE in their 'vaults'; the banksters gave their self license to 'lend' TEN INCREMENTS OF VALUE.
By doing so, they created a NEVER - LOSE environment for themselves.
----------------------------
HOW TO GET ALL THE 'STUFF'
Even if ONE OF THE TEN debt agreements ends up in DEFAULT, there is still the NINE in ghost (appearing out of thin air fiat) PROFIT- (NEW ASSETS) - WITH EVERY NEW TRANSACTION, and the banksters could still swoop in and take all the stuff belonging to the one of the ten who defaulted.
IT WAS A WONDERFUL GAME THEY COULD NEVER LOSE...??
According to the fiat banksters illusion of greed - their 'paper riches' just increased exponentially with every new 'loan' (debt agreement) they handed out.
One becomes ten. One becomes ten. One becomes ten...to eternity...and the fiat banksters now owned the planet - at least in their own mind...
But - the fiat bankers are greedy. The banking industry became like a school of piranha, the flesh eating fish.
Even though they had created a scheme (fractional reserve banking) to take as much as possible from the producing elements of society, it was not enough for them.
The bankers wanted all the stuff on the Earth, and all the stuff in the Universe. They became stuff addicts.
So just like the piranha fish, they began to feed off each other.
A bigger fish (bank) would swallow a smaller fish (bank), who in turn would be swallowed by yet an even larger fish (bank), until there were only a few really big fish left in the tank.
The now mammoth piranha gave themselves names like Fannie Mae, Freddie Mac, Bank of America Corp, Wells Fargo and Company, Goldman Sachs group Inc, Met Life Inc, Barclays Of London Inc, Barclays Group US Inc, Taunus Corporation, HSBC North America Inc, J P Morgan Chase and Company, Morgan Stanley, Citigroup, Federal Reserve, World Bank, International Monetary Fund, The Vatican Bank, The Bank Of England, The City AKA 'The City Of London', Deutsche Bank, Commerzbank AG, BNP Paribas, Credit Agricole SA (CASA), Natixis, and Societe Generale.
The biggest fiat fraud banking centers are now bloated on their own propaganda design, and weighed down by their own greed and deception.
They claim to maintain a storehouse of value (assets) that runs into hundreds of trillions in increments.
In reality, the fiat-fraud banking industry is now only worth ONE-TENTH of what assets it claims to maintain .
The problem with creating 'value' out of thin air is the 'perceived value' only remains valuable as long as the perception (deception) remains in place.
Karma is a funny thing.
If you tell a story, or give an excuse for your actions, your story is valid only to those who believe the story you tell.
If you tell a story, and your story doesn't hold water - no one believes you no matter how many times you repeat your story.
At that point, if all your actions are based on the story you tell, all your actions are meaningless because your story is full of holes to begin with.
Also there is a problem with adding ZERO to Zero.
You still end up with Zero in reality, no matter what your story says, and no mater how high you build your house of cards.
------------------
Fractional Reserve Banking:
"Lend money that doesn't exist and add a rate of interest on the money that doesn't exist onto the total assignment of debt, thereby collecting in return multiple times the amount of the original debt assignment, and then claim ten times the amount of assigned debt being serviced as 'assets' to the banking firm who assigned the debt, or the banking firm currently servicing the debt."
------------------
See: Major Fiat Banks In Panic Mode?
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=233350
|
No comments:
Post a Comment