I have always believed it was highly unfair that a person could deposit their hard-earned money in a savings account and be rewarded with virtually no interest payments. On the other hand, an individual could borrow money from the same banking institution and be hammered with countless fees and interest charges. Why is it legal for a bank to charge 29% interest on a credit card and only pay, to its depositors, 1% interest for funds deposited in the bank’s savings accounts? The answer is that the entire banking industry was founded on completely corrupt practices. These practices were designed and developed to rob people blind.
From a very early age, in government funded indoctrination centers (public schools), we are taught that the Federal Reserve Banking System is a fair and safe place to store your monetary assets. Nothing could be farther from the truth.
Some years ago, I discussed some of the same information in this article with a friend of mine who was a branch manager at a local bank in my hometown. What he proceeded to tell me about the banking industry made me feel quite ill. I had thought I was upset about the fact that my bank was paying me pennies, in interest, for the funds in my savings account. That banking practice was only mildly distressing compared to the new information I had just learned.
According to my friend, the most extensive banking scam on Earth is Fractional Reserve Banking/Lending. I had never learned about this banking practice in the public school system. The best way for me to describe Fractional Reserve Lending is to begin by writing that there’s very little money in reserve. When you deposit a certain amount of money in a bank, you have, in reality, given that bank the ability to create and lend to consumers ten times the original amount you deposited. You read that correctly! For every dollar we deposit into a U.S. bank, the bank’s money inventory increases tenfold. That institution then lends customers money, made out of thin air, and charges them interest.
Fractional Reserve Lending practices are entirely legal for all banks in the Federal Reserve Banking System. If you or I attempted to write a $100.00 check from a bank account with a $10.00 balance, we’d be thrown in jail before the ink on the check dried.
The Fractional Reserve Lending scam is why banks can afford to dole out money to individuals and companies that cannot repay the funds. Hell, the banks don’t care because they never had the money in their drawers to begin with.
It’s Raining Money!
After thoroughly studying the practice of Fractional Reserve Lending for several years, I can tell anyone with confidence that the entire banking industry is built upon various deceptive practices, all of which have been implemented with the sole purpose of stealing money from financial consumers. I can also write, with confidence, that the entire Federal Reserve Banking system is based on a lot of hot air and not much else. Our government is regularly printing money, not backed by any tangible assets, and circulating it into the economy. Even a child could understand that this is a recipe for a financial disaster.
What most people fail to realize is that the Federal Reserve is not a Federal agency. It’s a private corporation made up of very wealthy stockholders. There’s nothing Federal about it and, coincidentally, there’s nothing on reserve in the form of real assets.
So, the next time you enter a banking institution to apply for a car loan or home mortgage, remember that the money you borrow doesn’t exist. The bank you are borrowing from never had the funds in the first place. They are charging you fees and interest on money that only exists in theory and is based on the biggest scam – Fractional Reserve Lending.
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NoFakeNews 
Of course, Sandy! My apologies, I knew my list was short a few.
Thanks Lisa! 😀
Roark
🙂
I agree with you, Roark. Whenever I check into Nofakenews I say to myself, “I need to check home.”
It’s great to have you aboard, Roark. As well as some of the oldies like Kenneth and Sandy. And any others. Because the more that contribute, the better it gets.
And, John, you are the captain of this ship which we might call home. And there’s no place like home! 😀👍
Lisa
You bet, Roark! 🙂👍
John
Absolutely John! I’m so happy we have continued to have active conversations at No Fake News this month.
For a few days it seemed very quiet, as I’m sure it will be again. But these past two days or so on your site have been a great way for me to feel more grounded, despite the craziness of the news, the Christmas shopping, UPS return lines, etc!
I haven’t met you or Lisa or Kenneth or anyone else at NFN. Still, it is beginning to feel a bit like a place called home!
Be safe all, and regardless of political persuasions, etc, let’s continue to stand for what is right, what is good and what is truth this Christmas and beyond!
Gratefully yours,
Roark
Without a doubt! 🤣
Lisa
As always, thanks for sharing, Roark! 👍🙂
John
Hi John!
I didn’t start to really learn about fractional reserve banking until just before I moved to Canada in 2005. I was already savvy to the horrendously flawed official story of 2001, and soon after moving to Vancouver we learned about the levees in the Gulf failing, Again. Another story in which there was foreknowledge of the event, but I will stay on topic.
It is bad enough for the banks to have realized they can lend out more money than they have in their reserves. This has been going on for centuries as the banks initially were just a way to store people’s gold. The banks wood issue a claim check for the gold. Soon folks were trading their claim checks instead of their gold. This was when the bankers realized that the owners of the gold rarely would even come in and verify that the gold was available.
As it was explained to me from more than one source, today the money that is borrowed for a home loan or even a car loan is “Lent into existence” at the time of the signing of the loan. Just amounts entered into spreadsheets and stored on hard drives! So as you have pointed out, the banks don’t even lend out their own money. (This gives them less incentive to even care whether or not the loan is repaid! No accountability!)
Instead of money having intrinsic value like gold, our money is now based on debt. And it has been ever since Nixon took us off the gold standard in 1971.
One of the real problems with this business of lending money into existence is that the loan eventually needs to be repaid With Interest, however as one smart individual pointed out, the money needed to pay the interest is Not created or Lent into existence at the time the rest of the loan money is. This means that eventually there won’t be enough money in circulation for all loans to be paid off!
The same individual explained that money in circulation is like oil in the engine of a car. Without it the whole system can seize up!
Roark
They scam us in so many ways, Lisa; it is hard to keep track of everything. 😂
John
Damn, what a scam! 💰
Lisa
It’s not a happy time for bankers when money leaves their ledgers, that’s for sure. Every dollar you withdraw takes $10.00 off their books.
So, here is the deal with the banking Ponzi scheme. There exist all these bank customers with checking and savings accounts. The customers can go online and see a certain number of electronic credits in their accounts.
If more than 20% or 30% of the bank’s customers decide to show up at the same time tomorrow and ask to withdraw the funds from their accounts, the banks would be in a challenging situation. They wouldn’t have the physical cash (“IOUs”) to give to customers.
The banks only have 10% of the amount claimed to exist in your account. It is nothing more than a sleight-of-hand magician’s trick.
This is how our entire US banking system works. 😂
John
Never heard of it before, John!
But maybe that is why my bank seemed so upset with me recently for taking a chunk of my money out of my savings to pay for a used 2019 Jeep Renegade in full.
And soon after I had bought it, I went through the drive thru to withdraw some cash, and the teller told me that a message was left in the system for me to make an appointment with Wealth Management. And from the tone of her voice, I felt as though I was being scolded for something. So, I was guessing it was because of the money that I took out to buy my car.
And we have investments elsewhere, anyway. So, I was not interested. But you would think that they would ask me politely if that was something that I might be interested in doing. But no, it felt cold and like a demand.
Although I said, “No, thank you” back to the teller with quite a bit of sarcasm in my voice.
I am sure that they would have preferred that I put my money in a place where I would not be able to access it so easily, and not without penalty. And then I would have to get a loan. Which seems stupid to me if I am able to pay it off, and not have to pay huge amounts of interest.
But this incident really irritated me. So, I am now gradually depositing money from our account with the bank into an account with a credit union. However, I have no idea if that is truly better or not.
And maybe the bank has realized that I am doing this, because they sure have been nice to me the last couple of times that I went to withdraw money. 🤣
Lisa
Thanks for sharing, Sandy! 🙂👍
John
The Great Taking https://youtu.be/dk3AVceraTI?si=JZLqHyOwthkhGc1p
The system Central Bankers have in place to take everything from everyone
Ain’t that the truth, Kenneth? 😂
John
I didn’t either John.
In fact, there are a number of things I was not taught, OR I was straight up taught erroneous information.
I was required to learn a number of things in order to graduate and then (years later) unlearn and then relearn the truth.
Thank you for sharing! 👍🙂
International Public Notice from the American Fiduciary
http://www.paulstramer.net/2023/12/international-public-notice-from.html
Books/Study
Learn more about your real government
https://states.americanstatenationals.org/educational-information-2/