Step 1
Government creates glorified IOUs (treasury/government bonds)
These bonds increase our national debt and put the public on the hook to pay it back.
Step 2
Banks swap IOU’s to create currency
The treasury sells the bonds to the banks. The banks then turn around and sell our national debt at a profit to the Federal Reserve (Bank of England), which they probably own. The Federal Reserve then opens its chequebook that doesn’t have a penny in it, and buys those IOU’s with IOU’s that it writes, cheques on a cheque account that has a zero balance. They then give those cheques to the banks and currency springs into existence, and then the whole process repeats. This results with a build-up of bonds at the Federal Reserve and currency at the treasury, which is really just a supply of numbers. The treasury then deposits those numbers into the various branches of the government.
Step 3
Government spends the numbers
The government spends those numbers on promises, public works, social programs and war. Then the government employees and soldiers deposit their pay into their banks.
Step 4
Banks multiply the numbers
The banks multiply the numbers by magically inventing more IOU’s through Fractional Reserve Lending where they steal a portion of everyone’s deposit and lend it out. That currency gets re-deposited, and then a portion is stolen again, and the process repeats over and over magnifying the currency supply exponentially. Then we work for some of those numbers.
Step 5
Our numbers are taxed
We pay tax to the IRS (HMRC), who then turn our numbers over to the treasury, so that the treasury can pay the principal plus the interest on bonds that were purchased from the Federal Reserve with a check from nothing.
Step 6
Debt Ceiling delusion
The system is designed to require ever increasing levels of debt and will eventually collapse under its own weight because politicians always kick the can down the road. They don’t want it to collapse on their watch.
Step 7
Secret owners take cut
The world’s largest banks own the Federal Reserve. Those banks make a profit selling our national debt to the Fed (Bank of England), they make a profit when the Fed pays them interest on the reserves held at the Fed, and the Fed pays them a 6% dividend on their ownership of the Fed.
Watch the video below to see how this truly amazing scam is pulled off every single day.
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