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All three Abrahamic religions initially considered charging interest as immoral, but over time, usury became more accepted in Western society. Fractional reserve banking allows banks to create money out of thin air and charge interest on loans. The Federal Reserve Act of 1913 and the Emergency Banking Act of 1933 further increased debt, while the banking cartel funded both World Wars. The US turned to its military and the petrodollar to maintain world reserve currency status. However, this Ponzi scheme is collapsing, with crashing markets and a quadrillion-dollar derivatives market. The banking cartel aims to convert everyone to an authoritarian CBDC, but without trust, they will face challenges. Hard times are approaching, and it is suggested to prepare and create a banking system that serves the people.

Here's what's happening in America: we're drowning in debt because of a debt-based banking system controlled by private bankers. The Federal Reserve, deceptively named, is a private entity manipulating our money for profit, not public interest. Since 1913, Congress has granted it a monopoly over our currency, leading to economic instability. The solution? Education and action. We must reclaim the power to issue our money, as figures like Franklin and Lincoln once did. This isn't radical; it's restoring the issuing power to the people. Reform involves paying off the debt with debt-free U.S. notes, abolishing fractional reserve banking, and repealing the Federal Reserve Act, returning monetary power to the Treasury.

The creation of new dollars has led to a higher cost for gold and a depletion of our gold reserves. Congress allows this because they prioritize spending, often resulting in Americans working over half the year just to support government expenses. With limited options to raise taxes, Congress resorts to borrowing and creating money out of thin air. This process involves issuing treasury bills to the Federal Reserve, which can generate billions instantly. Such actions debase the currency, affecting its value and altering interest rates, ultimately harming the economy and living standards. The responsibility lies not only with the Federal Reserve but also with Congress, which drives this monetary manipulation.

The transcript presents a sweeping critique of the modern monetary system, arguing that money is created not by governments but by private banks through debt, with consequences that affect the entire world. The speakers outline a long historical arc in which banking interests, central banks, and debt-based money have steadily gained power, eroded public sovereignty, and produced recurring crises, while the general population bears the costs. Key claims and points - The root problem: The money supply is created by the community of money users through borrowing from commercial banks. The bulk of money creation originates with banks, which decide when and how much money to produce, leading to an out-of-control system. Governments borrow money from banks, which effectively enslaves the broader economy. - Concept of the debt-money system: The money system is described as a global Ponzi scheme, in which new money comes into existence as debt with interest. Because interest must be paid, the system requires ever more debt to be sustained, and people and nations are drawn into a cycle that benefits banks at the expense of the public. - Historical pattern of private control: The narrative traces a long history in which private banking families (notably the Rothschilds, Rockefellers, and Morgans) and allied financiers manipulated governments to borrow and to reward speculative advantage. It alleges that private central banks and debt-based money systems sought to consolidate power in private hands, sometimes by fomenting or exploiting crises. - Tally sticks and early monetary control: In medieval England, tally sticks were used as money and as a way to keep money power out of bankers’ hands. Their suppression by bankers in 1834 is described as a revenge of a debt-free money system that had empowered the public for centuries. - Goldsmiths, fractional reserve lending, and counterfeiting: The text explains fractional reserve lending as a historic means by which goldsmiths expanded the money supply beyond real reserves, enabling them to profit from interest and to influence economies; this practice is labeled a form of counterfeiting and a source of systemic instability. - The rise of central banking and central control: The transformation from debt-free or government-issuing money to privately controlled central banks is traced from the Bank of England (1694) to the U.S. National Banking Act (1863) and the creation of the Federal Reserve System (1913). The Aldrich Plan, the Jekyll Island meeting (1910–1912), and the public relations campaign to popularize a central banking system are described as pivotal steps toward centralized control over the money supply. - Lincoln’s greenbacks and the political fight over money: The narrative emphasizes Abraham Lincoln’s issuance of greenbacks during the Civil War as debt-free money created by the government. It claims bankers reacted defensively (Hazard Circular) and moved to undermine greenbacks through bonds and later the National Banking Act, which made private banks central to the money supply. Lincoln’s assassination is linked to the broader battle over monetary policy. - Civil War, the rise of debt, and depressions: The text links episodes such as the Panic of 1837, the Coinage Act of 1873, and the Panic of 1893 to deliberate contractions or manipulations of money supply by banking interests. It argues these episodes were engineered to force or normalize debt-based monetary arrangements and central banking. - The 20th century and the Federal Reserve: The Great Depression is attributed to deliberate contraction of the money supply by the Federal Reserve. The text argues that the Fed, a privately owned central bank, has operated to protect the banking sector at the public’s expense, with the 2008 financial crisis cited as confirmation of this dynamic. - Political economy and influence: The narrative contends that politics and academia have been co-opted by moneyed interests. It asserts that large campaign contributions from banks shape policy, and that many economists are funded or controlled by the Reserve and major banks, limiting critical debate about monetary reform. It also claims media and public discourse are constrained by debt relationships and corporate power. - Proposed reforms and principles: Across speakers, a consensus emerges around three core reforms: - Forbid government borrowing as a mechanism for money creation; return to debt-free, government-created money that serves the public interest. - Put money creation under public control, not private banks, with national or local sovereign authority issuing debt-free currency. - End fractional reserve lending and ensure robust competition among banks so that money is created in the public interest and channeled into productive real-economy lending rather than financial speculation. - Practical implementation ideas offered by some speakers: - Government to issue debt-free sovereign currency directly; private banks would compete to lend government-approved money to the public. - Eliminate consolidated currencies (e.g., the euro) in favor of national sovereignty over money creation. - Use monetary policy to match money supply with real productive activity, controlling inflation by adjusting the money supply through public channels rather than debt-based credit expansion. - Repeal or reform existing central banking structures to reestablish a Bank of the United States owned by the people rather than by private banks. - Promote transparency, reduce the influence of special interests in academia and media, and educate the public about money creation. - Enduring critique and warning: If the status quo persists, the system is said to threaten Western civilization and global freedom, with potential for continued debt-serfdom and systemic collapse if debt-based money and private central banks remain in control. - Concluding perspective: The speakers urge decisive reform, emphasizing that the truth about money creation is accessible to the public and that collective political will can restore monetary systems to serve the people. They conclude with a call to remember Margaret Mead’s idea that a small group can change the world, and exhort listeners to pursue debt-free monetary reform as a path to greater production, independence, and freedom.

The transcript presents a series of conspiracy claims about the Rothschild family, the Federal Reserve, and Jewish influence over global finance. - The Rothschild family is described as extraordinarily wealthy, with wealth estimates claiming “close to $500,000,000,000,000,” and as having hidden underground vaults, secret financial records never audited, and a public image that disguises a fortune that supposedly rivals a large share of global wealth. It is claimed they bought Reuters in the 1800s, which then bought the Associated Press, and that they “own controlling interest” in three major television networks, allowing them to avoid media attention. They allegedly owned and operated England’s Royal Mint and act as the gold agent for the Bank of England, directing it, with control over the London Bullion Market Association (LBMA) where 30 to 42,000,000 ounces of gold are traded daily, generating millions weekly from transaction fees. They are said to fix the world price of gold daily, hoard trillions of dollars worth of gold bullion, and corner the world’s gold supply. They allegedly own controlling interest in Royal Dutch Shell and run phony charities and offshore banking services to hide wealth in Vatican-linked accounts at Rothschild Swiss banks, trusts, and holding companies. A figure named Elbelein Rothschild is described as not harmless, with ancestors alleged to have handpicked presidents, crashed stock markets, bankrupted nations, orchestrated wars, and sponsored mass murder and impoverishment. The wealth is claimed to be sufficient to feed, clothe, and shelter every person on earth. - The Rothschilds are described as the head of a “snake,” with a one-mile square area in London referred to as the city, cited as the headquarters of their banking dynasty, controlling money supplied through central banks of almost every nation. - A Jekyll Island meeting in November 1910 is claimed to involved seven of the world’s richest Jewish men establishing a central bank called the Federal Reserve Bank. Named participants include Nelson Aldrich, Frank Vanderlip, Henry Davison, Charles Norton, Benjamin Strong, Paul Warburg, and representatives of the Rothschild banking dynasty, with others like Benjamin Guggenheim, Isidore Strauss, and Jacob Astor purportedly opposing it. It is claimed these opposers died on the Titanic, and that opposition dissolved by April 1912. On December 23, 1913, the Federal Reserve Act was signed, creating a privately owned Federal Reserve System. A quoted remark attributed to Woodrow Wilson alleges, “I’m a most unhappy man. I’ve unwittingly ruined my country,” and a stereotype about government by a small number of dominant men rather than free opinion. - It is claimed the Federal Reserve System is private, not federal, has no reserves, is not decentralized, and that the adoption of a debt-based monetary system was accomplished. It is asserted that the current banking system (fractional reserve banking) allows privately owned banks to create money “out of thin air,” with money existing as numbers in a computer system, only about 3% in physical currency, and that control of the Fed enables domination over banks, corporations, money, and politicians. It is claimed the Fed system enslaves humanity to perpetual debt and that the elite who own the Fed seek to maintain a monopoly over credit. - A speaker questions the proper relationship between the Fed chairman and the U.S. president, noting the Federal Reserve’s independence. - A quotation attributed to a figure named Harold Grales Rosenthal claims that Jewish power has been created through manipulating the national monetary system, that the Fed is owned by Jews while appearing as a government institution, and asserts antisemitic stereotypes about Jews as parasites and producers being exploited by Jews.

The transcript argues that a global cabal, financed by the Rothschilds, orchestrated major upheavals to destabilize nations and expand their power. Key claims include: - The Russian Revolution was a cabal revenge on Russia, financed by the Rothschilds, with Lenin (Vladimir Ilyich Ulyanov) as their frontman. Lenin, though Russian, was described as westernized after years in exile, and heavily influenced by Karl Marx, who was German. The text claims Marx’s Jesuit background and Jesuit influence on Lenin, citing various sources: Marx trained in a Jesuit school, tutored by Jesuits at the British Museum on the Tenets of Communism (as asserted by ex-Jesuit Alberto Rivera); Otto von Bismarck’s reference to Marx being under Jesuit control via Peter Bex; and that Lenin’s right-hand man, Felix Jorzynski, admired the Jesuits. It states Lenin formally readmitted the Jesuits into Russia in 1922, despite religion being prohibited in communism, and asserts the Jesuits’ origin of communism through Paraguay’s 17th–18th century reductions as a model of communist governance. The New Advent Catholic Encyclopedia is cited to describe Jesuit-inspired communal land and property arrangements, and the text claims the term “social justice” was invented by the Jesuit Luigi Taparelli Dazellio. Lenin is labeled a Jesuit puppet intended to destabilize Russia, with quotes attributed to Lenin about Russia and freedom that embody hostility toward the state. The transcript asserts the Russian Revolution was a Jesuit attack driven by revenge, with the Bolshevists as the tool, comparing them to the Jacobins and noting millions died in 1917–1923. - A parallel narrative about events in the United States describes the Federal Reserve (founded in 1913 and controlled by cabal families including the Rothschilds) as central to global control. It claims the wealthiest opponents of the Fed died in the Titanic sinking; the Fed’s expansion of the money supply 1914–1919 led to bank failures and consolidations, and 1929’s Wall Street crash caused massive bank bankruptcies and a further contraction of credit, described as the “greatest robbery in history.” The text asserts a planned and ongoing manipulation of money supply by the Rothschilds and that Congressman McFadden was poisoned when he began impeachment proceedings against Fed bankers. It claims the 1933 gold seizure (Executive Order 6102) enabled further monetary manipulation, and asserts the income tax (established 1913) is illegal. - The rise of Adolf Hitler is presented as a Rothschild-backed manipulation: his alleged parentage is linked to Unsung Salomon von Rothschild via a possible liaison with Maria Anna Schigelkruber (and Alois Hitler’s name change). The Munich Post pamphlet alleging Jewish blood in Hitler’s veins is cited, and investigations into Hitler’s parentage are described as attempts to erase evidence of Rothschild involvement. Hitler’s alignment with Jesuit influence is emphasized, including praise for Ignatius of Loyola and the imitation of Jesuit hierarchical discipline in the SS under Himmler, with absolute obedience as a theme. The narrative claims the Nazis’ suppression of opposition and the genocide of Jews, Gypsies, and others were supported by a propagandistic machine led by Goebbels. - Postwar claims about Palestine and Israel are included: the 1917 Balfour Declaration granting a national home for the Jewish people in Palestine is described as a strategic chess move by the cabal, with Lord Rothschild and the Rothschilds as beneficiaries, enabling a later conflict between Jews and Palestinians. The text asserts the migration to Israel was planned by the cabal in 1917, and that many wars (Vietnam, Cold War) were instigated and financed on both sides by the cabal to perpetuate fear and subservience. The concluding line emphasizes the cabal’s guiding principles—hatred, revenge, disdain—and cites The Protocols of the Learned Elders of Zion as a guiding document.

The Rothschild family's wealth and influence grew significantly through government lending and bond speculation, often backing multiple sides in conflicts. Fractional reserve lending, where banks lend out more money than they have in reserves, is described as counterfeiting and grand larceny. This system, along with national debt, allows banks to control the economy and politicians. The Federal Reserve is portrayed as a private monopoly that enables banks to create money out of nothing, leading to a debt-based system. Critics argue that the Fed dominates the economics field, suppressing dissenting views through funding and control of academic journals. The media is accused of being controlled by banks due to debt, preventing them from exposing the truth about the monetary system. The solution, according to the speaker, involves stopping fractional reserve lending and reclaiming the power to create money for a public body. The current system is described as a Ponzi scheme based on ever-increasing debt, where interest cannot be repaid without taking from others or borrowing more. The key is controlling the quantity of money in the public interest, rather than allowing banks to maximize profits.

You're about to learn the hidden secret of money and how the banking system truly works. Politicians create deficit spending, which leads to the Treasury issuing bonds, essentially IOUs that become our national debt. Banks buy these bonds, then the Federal Reserve buys them from the banks with counterfeit checks, creating currency out of thin air. Banks then use fractional reserve lending, loaning out most of your deposits while only holding a fraction in reserve, further expanding the currency supply. This system enriches the banks and indebts the public, leading to inflation because more currency causes prices to rise. Taxes are then used to pay interest on these bonds, perpetuating the cycle. The Federal Reserve, a private entity, benefits immensely from this fraud. This system requires ever-increasing debt and will eventually collapse under its own weight. Sharing this knowledge is crucial to building a better future.

The Federal Reserve, a private bank owned by private stockholders, controls the printing of America's money. They loan money to banks and the government, charging interest and putting the country in debt. The Fed gets its money from the United States Mint, which prints it for them. The Fed's control over the nation's wealth allows them to manipulate the economy and enslave the people through perpetual debt. In 1910, a secret meeting was held to establish a central bank, which would later be called the Federal Reserve. This secretive plan was executed on December 23, 1913, when Congress was mostly absent. The Fed's power to print money and the IRS's ability to collect taxes have resulted in the greatest theft from the American people.

Banks are broke due to fractional reserve banking allowing lending money they don't have. Central banks engage in counterfeiting through quantitative easing, manipulating interest rates. Politicians and central banks create moral hazard. Taxpayers bear the burden when banks fail. Without consequences, this cycle will persist.

The Federal Reserve is owned by banks that receive dividends from district banks, with profits remitted to the US Treasury. The New York Fed holds significant power due to its president's permanent vote on the Federal Open Market Committee. While there are conflicts of interest, the Federal Reserve today is seen as lacking in serving Americans' best interests, leaving the country financially vulnerable in times of economic shock. The institution's origins were rooted in the need for a central bank to stabilize the economy, but its current leadership is criticized for potentially harming the nation's financial stability.

The Federal Reserve has significant power over the economy, but lacks scrutiny. During the pandemic, it printed money, bought government-backed securities, and provided large sums of money to favored industries, resulting in a $5 trillion increase in its balance sheet. A limited audit revealed that during the financial crisis, the Fed gave over $16 trillion to domestic and foreign banks. These actions, aimed at making the rich wealthier, have led to high inflation, which burdens American families. To address this, an amendment is proposed to require a full audit of the Fed within a year, promoting transparency and accountability to taxpayers. A yes vote is requested.

The current monetary system is a historical "rip off" controlled by banks, causing economic problems, mounting debts, and sinking living standards. Depressions are contrived, and nations don't need debt. Banks create money as debt, deciding when and how much to produce, leading to an unsustainable system that could destroy Western civilization. This system is "legalized theft." In 1910, representatives of wealthy banking families (Rothschilds, Rockefellers, and Morgans) met secretly on Jekyll Island to draft legislation to control the money trust. They aimed to maintain the illusion of uncontrollable business cycles and establish a central bank captive to the money trust. The Rothschilds profited from national debt, manipulating nations by controlling loans. Historically, goldsmiths abused fractional reserve lending, and King Henry created tally sticks to counter this. Andrew Jackson opposed national debt and a central bank, but his return to a gold system allowed bankers to regain control. Lincoln issued greenbacks to fund the Civil War, but bankers undermined this with the National Bank Act. The Panic of 1907 was created to promote a new central bank. The Federal Reserve Act of 1913 created a private central bank, leading to the Great Depression, which the Fed deliberately worsened. The solution involves forbidding national borrowing and fractional reserve lending, and issuing debt-free sovereign currency.

On November 7, 2024, the Federal Reserve Chairman asserted his independence from the President, highlighting the Fed's significant power. This discussion leads to the origins of the Federal Reserve, tracing back to a secret meeting on Jekyll Island in 1910, where influential bankers devised a plan for a centralized banking system. The Aldrich Plan aimed to create a central bank without calling it that, ultimately leading to the establishment of the Federal Reserve. Over the years, the Fed has been criticized for contributing to economic inequality and financial crises, with policies that benefit the wealthy while burdening the average citizen. The narrative explores how the Fed's actions have shaped the financial landscape, leading to a system where debt and monetary manipulation dominate, impacting families and society at large.

In February 2022, Speaker 0 describes a personal turning point that led him to explore the history of the Federal Reserve and the broader financial system. He outlines a long arc from bank panics through the New Deal, Bretton Woods, Nixon shock, Reaganomics, NAFTA, Glass-Steagall, the SEC margin changes of 2004, to Citizens United and COVID-era inflation. He argues that the United States has been following a deliberate path toward economic authoritarianism, with laws and regulations being rewritten “law by law, union by union, regulation by regulation” to favor billionaires, corporations, and investors while widening the working-class wealth gap. He asserts that the system operates as designed: usury, fractional reserve lending, and a political discourse divided along red and blue while chasing green. Speaker 0 connects current events to this trajectory, noting regime change and opportunities in oil, wealth protection for elites, and coverage of billionaire wrongdoing. He lists inflationary policies across multiple administrations (Biden, Trump, Obama, Bush, Clinton) and anticipates a shift toward digital ID, digital currency, and stablecoins as part of a broader move away from paper money. He predicts a future with AI-driven wealth growth concentrated at the top, supported by data centers, and a potential universal basic income (UBI) world. He warns of leadership that leverages unfettered Citizens United lobbying to push radical changes that people may not fully grasp until after they’re implemented, including extensive money printing and information control that could suppress free speech by monitoring online behavior and targeting based on posting tendencies. He envisions a social economy where almost everything is subscription-based, including cars and other assets, making it difficult for the working class to accumulate assets and move between social classes. Speaker 1 complements and expands the critique, framing the current situation as a spiritual and systemic battle. He argues that the top “wants more” wealth and power and is actively laying out steps toward full economic and financial totalitarian control, dismissing it as not a conspiracy but real. He raises concerns about AI-driven job displacement, citing a new data center project in Delaware City that will create only a small number of jobs, highlighting the disparity between wealth creation and meaningful employment. He stresses rising costs—housing, healthcare, child care—and implies that private equity and Wall Street influence through Citizens United have allowed unlimited money into the system. He claims the issue is not partisan but a two-sided dynamic of power and control. He suggests that if enough people embraced a Jesus-like stance against wealth hoarding and oppressive leadership, perhaps the “money drivers” could be challenged, and the practice of “whips and flipping of tables” might become a less likely prophecy of the future. Together, they argue that economic and political power consolidation is advancing toward digital regimes, surveillance-enabled control, and a subscription-based economy, driven by a small group of powerful actors across parties. They frame their discussion as urgent and ongoing, aiming to illuminate these trends from multiple angles, including housing, Epstein, and beyond.

On 11/07/2024, the Federal Reserve chairman asserted independence from presidential control, sparking questions about the Fed's power. To understand its influence, we must go back to Jekyll Island in 1910. Amidst a collapsing banking system, key figures secretly convened to create a central bank, later known as the Federal Reserve. The goal was to stabilize the financial system. The Aldrich plan, though initially rejected for being too pro-banker, was modified and signed into law. After World War II, the US dollar became the global reserve currency and the Fed gained immense power. Through monetary policy and covert operations, the Fed has shaped global finance. Critics argue that the Fed's policies have led to wealth inequality, boom and bust cycles, and a debt trap for many.

In 1913, the US Federal Reserve Bank was founded, owned by powerful families like the Rothschilds. The Fed's establishment led to the deaths of opponents and the subsequent control of thousands of banks. World War One began in 1914, and the Fed doubled the money supply, causing lending to increase. In 1920, the money supply shrank, resulting in 5,500 banks going bankrupt. The Fed then increased the money supply again, but on October 23, 1929, the Wall Street Crash occurred. This crash caused worldwide devastation, bankrupting 16,000 non-Fed banks. The Fed further reduced the money supply, leading to starvation. The Rothschilds manipulated the stock market, and anyone who opposed them faced consequences. In 1933, the government seized gold, removing limitations on the cabal's control. The Wall Street crash also affected Germany, leading to a deep depression and high unemployment rates. Hitler used the chaos to gain power and restrict personal liberties.

All three Abrahamic religions initially considered charging interest as immoral, but over time, usury became more accepted in Western society. Fractional reserve banking allows banks to create money out of thin air and charge interest on loans. The Federal Reserve Act of 1913 and the Emergency Banking Act of 1933 further increased debt, while the banking cartel funded both World Wars. The US turned to its military and the petrodollar to maintain world reserve currency status. However, this Ponzi scheme is collapsing, with crashing markets and a quadrillion-dollar derivatives market. The banking cartel aims to convert everyone to an authoritarian CBDC, but without trust, they will face challenges. Hard times are approaching, and it is suggested to prepare and create a banking system that serves the people.

Banks are broke due to fractional reserve banking allowing lending of money they don't have. Central banks engage in counterfeiting through quantitative easing. Governments and central banks manipulate interest rates, not retail banks. Taxpayers bear the cost of bank failures. Without consequences for bankers and politicians, this cycle will persist.

The Federal Reserve's actions are worrisome. They've lost trillions by borrowing money at high rates (5.4% from banks, 5.3% from funds like Fidelity and Vanguard) to buy government bonds. This artificially inflates the government's perceived financial health, encouraging excessive borrowing when rates were low. This process diverts capital from the private sector, hindering business growth and job creation. Instead of the Fed holding massive balances, that money should be used by businesses for expansion and innovation. The Fed's actions are mirrored by other major central banks globally, exacerbating the problem. It's not money printing; it's expensive borrowing that harms the economy. Freeing up these funds would allow banks to lend to small businesses and stimulate economic growth.

Speaker: The Federal Reserve is set to pay $1,100,000,000,000 to major banks, effectively paying them interest on the money that's already in their vaults. A new bill would end it. Last week, Texas Republican senator Ted Cruz introduced a bill to end the Fed's so called interest on reserves program, where the Fed pays interest on the dollars banks are required to deposit with the Fed. So what happens is the Fed prints money to finance federal deficits and artificially boost the economy, both of which generate fat profits on Wall Street. It does this by pushing interest rates below market and with something called quantitative easing where it literally makes up imaginary money, uses it to buy stuff, putting the money into circulation. But the Fed knows that all that money creation also creates inflation. So it turns around and pays those same banks to park some of the new money at the Fed. So it's a giant self licking ice cream cone that siphons nearly $200,000,000,000 a year from everybody who holds dollars. Now up till the two thousand eight crisis, banks did not earn any interest on their reserves. After all, reserves are supposed to be like money in the vault backing deposits. Bankers already had the exorbitant privilege of only needing to keep 10¢ on the dollar in the vault as reserves, with the Fed and Treasury standing ready to bail out the other 90¢ at taxpayer cost. But all that changed in 2008 when banks proved so reckless that they threatened to topple our entire financial system, at which point they were punished by getting interest on their reserves. The scam exploded during COVID. So in 2019, banks were parking about $2,000,000,000,000 at the Fed paying just 0.1% interest. So the Fed was paying banks $2,000,000,000 a year. Five years later, that has grown to 3 and a half trillion paying four and a half percent interest. So that's $187,000,000,000 per year. In fact, these interest payments now make up most of the profits of the entire American banking system. 187,000,000,000 interest versus 270,000,000,000 of bank profits. So 70¢ on the banker dollar siphoned directly out of your life savings with a fat slab going to foreign banks. It is a big club and you ain't in it. Now the Fed claims it needs to pay interest in order to soak up all the dollars the Fed printed. Of course, they don't phrase it that way. Remember, the Fed pretends money printing has nothing to do with inflation. In their world, inflation falls out of the sky caused by greedy workers, greedy supply chains, animal spirits, boats stuck in the Suez, with the Fed heroically jumping in to pay bankers strip club tabs to keep the republic from collapsing. As James Grant put it, the arsonist pretending to be firemen. Sussex brought to you by onchain.com. Ted Cruz's bill probably won't pass since bankers know how campaign donations work. But what if congress stopped paying bankers strip club tabs? In short, roughly a trillion dollars would flow out of reserves and into lending to business and customers. This would lower the interest rate on loans, mortgages, even government debt, and a good chunk would go to creating job. Now I could nudge inflation since the frozen reserves were hiding part of Biden inflation, but then in recent videos, I've mentioned inflation is currently way below the Fed's target, while job growth could certainly use that money better than using it to siphon profits to bankers. Of course, with 70% of Wall Street profits in play, bank lobbyists will be burning up the steak dinners and campaign donations to keep it going. Okay. We'll be watching. See you next time.

Central banks caused wealth inequality and economic instability. The Federal Reserve Act was deceptively passed in 1913 by wealthy bankers who disguised their intentions. They used misinformation to deceive the public and Congress, ultimately gaining a monopoly over American money issuance.

The modern banking system creates currency faster than nature. Politicians create deficit spending, which is paid for by Treasury bonds (IOUs). Banks buy these bonds and sell them to the Federal Reserve at a profit. The Federal Reserve creates currency by writing checks on accounts with zero balance, giving the currency to banks, who then buy more bonds. The Treasury deposits this currency, and the government spends it. When currency is deposited in banks, it is loaned out through fractional reserve lending, expanding the currency supply. 92-96% of all currency is created by the banking system, leading to inflation. Taxes are used to pay interest on bonds the Federal Reserve bought with essentially nothing. The system requires ever-increasing debt and will eventually collapse. The Federal Reserve is a private corporation owned by banks, who profit through interest and dividends. The system funnels wealth to the government and banking sector, causing economic booms and busts and wealth disparity. The solution is to understand the system, share the knowledge, and join the conversation to design a new monetary system.

All three Abrahamic religions initially considered charging interest as immoral, but over time, usury became more accepted in Western society. Fractional reserve banking allows banks to create money out of thin air and charge interest on loans. The Federal Reserve Act of 1913 and the Emergency Banking Act of 1933 further increased debt, while the banking cartel funded both World Wars. The US turned to its military and the petrodollar to maintain world reserve currency status. However, this Ponzi scheme is collapsing, with crashing markets and a quadrillion-dollar derivatives market. The banking cartel aims to convert everyone to an authoritarian CBDC, but without trust, they will face challenges. Hard times are approaching, and it is suggested to prepare and create a banking system that serves the people.