The root of all evil on this amazing planet we are lucky enough to inhabit can be narrowed down to a single cause, the global banking system.
Banking goes way back in history, in 2000 B.C it is thought the temples and palaces of Babylonia provided lending to its subjects, items on loan were commodities such as grains which would be paid with interest on the following harvest. Gold and Silver could also be deposited into the palaces at a holding cost. A ledger of all the transactions was kept on tablets.
In Babylonia of 2000 B.C., people depositing gold were required to pay amounts as much as one sixtieth of the total deposited. Both the palaces and temple are known to have provided lending and issuing from the wealth they held—the palaces to a lesser extent. Such loans typically involved issuing seed-grain, with re-payment from the harvest. These basic social agreements were documented in clay tablets, with an agreement on interest accrual. The habit of depositing and storing of wealth in temples continued at least until 209 B.C., as evidenced by Antioch having ransacked or pillaged the temple of Aine in Ecbatana (Media) of gold and silver.
However the real problem arose when Fractional Reserve Banking made an appearance
In a nutshell, Fractional reserve banking is where banks keep just a fraction of customers deposits on hand, they are free to lend out the rest. Most banks work on a 10% reserve, so if £1000 was deposited they keep £100 in the vault, then lend out the £900 to another customer. As you can imagine this quickly becomes very profitable for the banks as they can charge interest on 90% of all money coming in, when it is lent out.
The following video which is an excerpt from the infamous Zeitgeist film by Peter Joseph explains the whole process very well:
Another thing worth noting is that when you deposit your money into a bank, the transfer of ownership is also passed over to the bank. You are in turn supplied with a deposit note. This deposit note can be then exchanged for the original deposit value. However, the bank is under no obligation to return your deposit, they can restrict withdrawals at their discretion. If the bank goes bust and closes for business you have potentially lost your deposit.
It’s also worth considering what would happen in a time of crisis, bare in mind only 10% of deposits are kept in the bank this would mean your money would likely be unobtainable (unless you got in their quick)
Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits,and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear,and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits.
– Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain
Banks are the very backbone and life support system of all Wars on earth, war is a time of prosperity and opportunity for the Banking elite.
The former managing director of Goldman Sachs, Nomi Prins notes:
Throughout the century that I examined, which began with the Panic of 1907 … what I found by accessing the archives of each president is that through many events and periods, particular bankers were in constant communication [with the White House] — not just about financial and economic policy, and by extension trade policy, but also about aspects of World War I, or World War II, or the Cold War, in terms of the expansion that America was undergoing as a superpower in the world, politically, buoyed by the financial expansion of the banking community.
In the beginning of World War I, Woodrow Wilson had adopted initially a policy of neutrality. But the Morgan Bank, which was the most powerful bank at the time, and which wound up funding over 75 percent of the financing for the allied forces during World War I … pushed Wilson out of neutrality sooner than he might have done, because of their desire to be involved on one side of the war.
Now, on the other side of that war, for example, was the National City Bank, which, though they worked with Morgan in financing the French and the British, they also didn’t have a problem working with financing some things on the German side, as did Chase …
When Eisenhower became president … the U.S. was undergoing this expansion by providing, under his doctrine, military aid and support to countries [under] the so-called threat of being taken over by communism … What bankers did was they opened up hubs, in areas such as Cuba, in areas such as Beirut and Lebanon, where the U.S. also wanted to gain a stronghold in their Cold War fight against the Soviet Union. And so the juxtaposition of finance and foreign policy were very much aligned.
So in the ‘70s, it became less aligned, because though America was pursuing foreign policy initiatives in terms of expansion, the bankers found oil, and they made an extreme effort to activate relationships in the Middle East, that then the U.S. government followed. For example, in Saudi Arabia and so forth, they get access to oil money, and then recycle it into Latin American debt and other forms of lending throughout the globe. So that situation led the U.S. government.
The following video can be found in text format with images [here]
For the average person in the Western World there is one common stress factor which we all share, money. The majority of people living in western society spend 50% of their waking hours working. Then a large proportion of the time not working is spent worrying about how to pay the bills, how to cloth your children, how to feed the family.
The average debt per household in the UK is £17000 and in the US $16000, this value is increasing year by year. As people struggle to survive they take out loans and use credit cards at often extortionate interest rates.
Those who struggle more of course have to pay higher interest rates making the poor even poorer, while the rich millionaires can borrow at virtually 0% interest rates, making the rich richer!
The financial system is designed and succeeds in ensuring the poor remain poor and the rich become richer.
In 2008 a white paper was issued by a still anonymous person who goes by the name of Satoshi Nakamoto, his proposal simply put was the following:
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Bitcoin was born from this whitepaper and almost ten years later it is still running and as prosperous as ever, Bitcoin has risen from a value of merely pennies in 2008 to a current value at time of writing of around £1500 per bitcoin.
On the back of Bitcoin we have seen hundreds of similar blockchain technology currencies born.
If your not seeing the bigger picture yet, let me explain:
We currently have financial institutions known as banks, all countries have a central bank which issues the currency of their country. Cryptocurrencies are generally speaking, although not in all cases, decentralised. So anybody could setup their own currency and community which support and hold value to your currency. Likewise, anyone can become part of an existing cryptocurrency community and support and endorse the currency offered. Each community can trade assets with one another by using the currency if accepted by the other community or by using an exchange service so you can pay in their currency. It works much like the Global banking system, accept the majority are in control rather than the minority elite.
With Bitcoin and other Cryptocurrencies you have a value, a form of exchange which has no part nor benefit to the Global Banking Elite. They do not gain from its use, nor can they manipulate the currency by printing more.
The long standing and still one of the best forms to store your wealth in however is Gold and Silver, these metals have been used for thousands of years to hold wealth and still to this day are probably the safest ways to invest your wealth.
Cryptocurrencies are still in their early days and although it does seem they are not going anywhere anytime soon, many people are of course sceptical about it, which is quite understandable, over time it will become more user friendly, more widespread in day to day life and someone might actually be able to explain how it works to you in a way which makes sense.
We will be publishing an article on Cryptocurrency and how to get involved and start exchanging your fiat money for Bitcoin and other worthy new Cryptocurrencies. After all, a Global Economic collapse is pending, its just a matter of when those bankers will decide to let it fall.
This article was originally published at oye.news