borrowers’ transaction account.
banking system.
•
The bank lies to the public, telling
them that they are making a loan (that
must be paid back at interest).
•
It is the promise of future labour of
the man acting as the legal fiction ‘borrower’ that increases the supply of fictional
credit money in the fractional reserve system.
•
The bank then accepts the loan application form/offer as a promise to pay in
accordance with the relevant national Bills
of Exchange Act (much like the ‘promise to
pay’ bank notes in your wallet).
•
Because they now have something
of value from the ‘borrower,’ they are authorised by the banking system to create
out of thin air the credit money that the
‘borrower’ wishes to ‘borrow.’
•
Essentially it is us, the alleged lenders, who make the loan to the bank, not
the other way round.
This credit expansion process is a massive
fraud upon the people – we have been
hoodwinked into believing our value lies
in worthless pieces of paper, to the extent
that we are willing to bind ourselves into
servitude just so we can have them! But the
•
In essence the bank has simply con- good news is that we the people are colverted the ‘borrowers’ promissory note into lectively starting to wake up and smell the
usable credit money. They have not lent a proverbial Rat in the Kitchen. The cold light
single penny of their own money or of any- of dawn reveals to us all the most obvious
one else’s money. 100% of the monthly
of truths – WE ARE THE VALUE IN THE SYSpayments you make on a loan, mortgage
TEM. And if we are the value then we are
or credit card are effectively profit to the
the ones with the power to change it for