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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