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  • You are about to learn one of the biggest secrets

  • in the history of the world. It's a secret

  • that has huge effects for everyone who lives on this planet.

  • Most people can feel deep down that something isn't quite right

  • the world economy, but few know what it is

  • Gone are the days where a family can survive on

  • just one paycheck, every day it seems things are more and more

  • out of control, yet only one in a million understand why.

  • You are about to discover

  • the system that is ultimately responsible for most of the inequality in our

  • world today. The powers that be do not

  • want you to know about this, as this system is what has kept them at the top of

  • the financial food chain for the last 100 years.

  • Learning this will change your life because it will change the choices that you make.

  • If enough people learn it, it will change the world...

  • because it'll change the system.

  • For this is the biggest Hidden Secret Of Money.

  • Never in human history have so many been plundered by so

  • few,

  • And it's all accomplished through this, The Biggest Scam

  • In the History of Mankind

  • They say that money doesn't grow on trees

  • but the truth is that the modern banking system creates currency far faster than

  • trees can grow.

  • Most people don't have a clue how currency is created

  • economists and bankers make it sound so complex that people think they can't

  • understand it.

  • But I'm going to strip our monetary system down to its

  • essence so you can see the scam behind the curtain

  • and just how it affects you. Every modern society creates currency in pretty much

  • the same way

  • but since the US dollar is the majority of the world's currency

  • I'm going to use the United States as our example. It all starts when some

  • politician says 'Vote for me and I'll make sure the government provides you more

  • free stuff than my opponent will'

  • But there's no such thing as a free lunch - so to provide that supposedly free

  • stuff the politicians

  • vote for the country to spend more than its income. This is called deficit spending.

  • To pay for that deficit spending the Treasury borrows currency by issuing a

  • bond.

  • So what's a bond? If you think about it a bond is really nothing but a glorified

  • I.O.U. It's a pretty piece of paper with numbers printed on it that says

  • 'Loan me a trillion dollars today and I promise over a 10-year period

  • I'm gonna pay you back that trillion dollars plus interest.'

  • But what you need to understand is that Treasury bonds

  • are our national debt. These glorified I.O.U.s

  • are to be paid back by you and I and our descendants through future taxation.

  • Therefore:

  • When the government issues a bond it steals prosperity

  • out as the future so that it can spend it today. The Treasury then holds a bond

  • auction

  • and the world's largest banks show up and compete to buy part of our national debt

  • and make a profit on by earning interest. You'll notice that as we move through

  • this process

  • the big banks are there taking a cut every step of the way.

  • This isn't by chance as you'll see shortly. Then,

  • through a shell game called Open Market Operations the banks get to sell some of

  • those bonds to the Federal Reserve

  • at a profit. To pay for the bonds the Federal Reserve

  • opens up its big old checkbook and writes bad

  • bogus counterfeit checks that should bounce because they're drawn on an account that

  • always has a zero balance, there isn't one penny

  • in there. To quote from the Boston Federal Reserve: 'When you are I write a

  • check there must be sufficient funds

  • in our account to cover that check, but when the Federal Reserve writes a check

  • there is no bank deposit on which that check is drawn.

  • When the Federal Reserve writes a check it is creating money."

  • The Fed then hands those checks to the banks and at this point currency

  • springs into existence.

  • The banks then take that currency and buy more bonds at the next Treasury

  • auction.

  • But what is a check? A check is also an I.O.U.

  • When you write a check you're making a note that says "Here's my I.O.U. for

  • cash,

  • all you have to do is go to the bank and pick it up." Now it's very very important

  • that you understand this process

  • because we're going to come back later and show you the devastating effect this

  • has on you.

  • The treasury issues I.O.U.s, (bonds).

  • The banks then buy those I.O.U.s with currency. The Federal Reserve

  • then writes I.O.U.s (checks) and hands them to the banks in exchange for the

  • Treasury's I.O.U.s

  • (the bonds). And currency is created. So what's really happening is the Federal

  • Reserve and the Treasury

  • are just swapping I.O.U.s, using the banks as middlemen,

  • and abracadabra presto currency magically springs into existence.

  • This process repeats and repeats over and over again

  • enriching the banks and indebting the public by raising the national debt.

  • The end result is that there's a buildup of bonds at the Federal Reserve

  • and currency at the Treasury. This process is also where

  • all paper currency comes from. The Federal Reserve and the government

  • mistakenly call it 'Base Money'

  • because they didn't watch Episode 1 of this series, and they don't know the

  • difference between money

  • and currency. But I will correctly refer to it as 'Base Currency' because

  • it is not money...

  • it is CURRENCY, and as we've learned there is a big difference:

  • Money has to be a store of value and maintain its purchasing power over

  • long periods of time.

  • We learned in Episode 1 that earlier in our history our paper currency was

  • just a claim check.

  • It was a representation for real money of intrinsic value,

  • the gold and silver that was held on deposit at the Treasury.

  • You could walk into any bank and slap your currency, like say a twenty dollar

  • bill

  • on the counter, and redeem it for real moneyÉa twenty dollar gold piece.

  • But now this base currency that's piling up back here

  • is really nothing but a receipt or a claim check on an I.O.U.

  • (that bond), so it's really nothing but a supply of numbers.

  • The Treasury then deposits the newly created currency in the various branches

  • of the government,

  • and the politicians say "Hey thanks for that!",

  • and the government does some deficit spending on public works,

  • social programs, and war.

  • The government employees, contractors and soldiers then deposit their pay in the

  • banks.

  • Now this may come as a shock to you, but when you deposit your currency with the bank

  • you're not

  • actually depositing it into an account to be safely held in trust for you.

  • Instead, you're actually loaning the bank your currency,

  • and within certain legal limits they can do with it pretty much anything they please.

  • This includes gambling in the stock market, and loaning it out...

  • at a profit of course.

  • Now this is where the machine of currency creation really gets cranking,

  • because this is where something called 'Fractional Reserve Lending' comes into

  • play.

  • Fractional Reserve Lending is exactly what it says. The banks are allowed

  • to reserve only a fraction of your deposit and loan the rest out.

  • Although reserve ratios may vary, I'm going to use a 10 percent reserve ratio

  • as our example.

  • If you deposit $100 dollars in your account, the bank can legally take ninety

  • dollars of it and loan it out without telling you.

  • The bank must hold ten dollars of your deposit in reserve

  • just in case you want some of it. These reserves are called 'Vault Cash'.

  • But why does your bank account still say you have one hundred dollars if the bank

  • has stolen ninety dollars of it?

  • Because the bank left I.O.U.s it created called 'bank credit'

  • in its place. Now I know this sounds crazy,

  • but here it is in black and white from the Fed: "Commercial banks create

  • checkbook money

  • when they grant a loan simply by adding new deposit dollars in accounts

  • on their books in exchange for a borrower's I.O.U."

  • These are nothing but numbers that the banks type into their computers,

  • and even though these bank credit I.O.U. numbers

  • are very different from base currency numbers (because they only exist in

  • computers),

  • they are still currency. So now there is one hundred ninety dollars in existence.

  • Now the reason people take out loans from the banks is to buy something.

  • They're going to buy a house or a car or something like that.

  • So the borrower takes the ninety dollars that the bank loaned to him from your account,

  • and he pays the seller of item. But then the seller deposits that currency

  • into his account,

  • and his bank loans out ninety percent of that,

  • and leaves bank credit numbers in its place. So now there's two hundred and

  • seventy-one dollars in existence.

  • This process repeats and repeats until under a 10 percent reserve ratio

  • an initial deposit of just one hundred dollars can create up to one thousand

  • dollars of bank credit

  • all backed by one hundred dollars of vault cash,

  • just 10 percent. But as I said reserve ratios vary wildly...

  • on some deposits it's 10 percent on others

  • its 3 percent and on some forms of deposits reserve requirements

  • are zero! The result is that the expansion the currency supply by the banks is

  • far greater than even this example would lead you to believe.

  • So once again, when currency is deposited in the banks,

  • the banks get to lend it out and then it gets we redeposited and relent,

  • redeposited and relent, redeposited and relent

  • over and over again creating bank credit all the way.

  • This is where the vast majority of our currency supply comes from.

  • In fact 92 to 96 percent of

  • all currency in existence is created not by the government,

  • but here in the banking system. Now,

  • massive amounts of currency spewing into society may at first sound like a fun

  • idea...

  • that is until you remember one of the most important Hidden Secrets Of Money

  • from Episode 1:

  • That the prices of everyday goods and services act as a sponge

  • on an expanding currency supply. The more currency we have

  • the more prices rise.

  • This is where inflation comes from. The true definition of inflation

  • is an expansion of the currency supply, rising prices

  • are merely the symptom.

  • So our entire currency supply is nothing but a couple bucks whipped up in this

  • hocus-pocus scam

  • where the Treasury and the Federal Reserve swap glorified I.O.U.s

  • and a bunch of numbers that the banks just type into their computers.

  • That's itÉthat's our entire currency supply. It's nothing but a supply of

  • numbers.

  • Some of them printed, most of them typed,

  • and there is nothing else. But if you thought that was crazy,

  • get ready to enter the twilight zone ofmodern economics. We work for some of that

  • currency supply.

  • True wealth is your time, but we trade away moments in our lives

  • hour by hour, day by day, and year by year

  • for numbers that somebody printed on pieces of paper or just typed into a

  • computer.

  • Now those numbers represent our blood, sweat, tears, labor,

  • ideas and talent. We are what gives the currency its value.

  • But here comes the really cruel joke...we work hard,

  • so that we can save some of that currency, so that we can pay the tax collector

  • (in the United States it's known as the IRS), they then turn it over to the Treasury,

  • so that the Treasury can pay the principal plus interest

  • on that bond that the Federal Reserve bought with a check drawn

  • on an account that has nothing in it.

  • Now let's do a recap on this section because this is where the

  • system begins to rob you and I

  • on a massive scale. Much of our taxes are not used for schools, roads and public

  • services,

  • but to pay interest on bonds that the Federal Reserve

  • bought with a check drawn on an account that has nothing

  • in it. The Federal Reserve is committing FRAUD.

  • But here's one of the biggest secrets of them all:

  • Before the establishment at the Federal Reserve there was no need for personal

  • income tax. The Federal Reserve was created in 1913

  • and that very same year the Constitution

  • was amended to allow income tax. Do you really think this was just a coincidence?

  • Ask yourself how much income tax you've paid

  • over your lifetime. Much of it has been silently siphoned away

  • into the hands of those who own the system. Yes this system has owners...

  • who they are is an even bigger secret that we'll get to shortly,

  • but first we need to understand the mumbo jumbo of the so-called

  • 'debt ceiling'. It's all based on a huge paradox:

  • There was interest due on that bond, and there was interest due on

  • every one of those loans that the banks made. That means

  • that there is interest due on every dollar in existence.

  • Let me ask you something: If you borrow the very first dollar into existence and

  • that's the only dollar that exists on the planet,

  • but you promise to pay it back plus another dollars worth of interest...

  • where you get the second dollar to pay the interest? The answer is that you have to

  • borrow that one into existence

  • and promise to pay it back with interest as well, so now there are two

  • dollars in existence

  • but you owe fourÉand so on and so on. The result is there's never enough

  • currency to pay the debt.

  • There is always more debt in the system

  • than there is currency in existence to pay the debt. Therefore,

  • the whole system is impossible it is finite

  • it will come to an end one day. What would happen if the government stopped