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Did you know about the 12 USC 531 exemption? It's in the US code on house.gov. Effective October 1st, 2023, Federal Reserve Banks, their capital stock, surplus, and income are exempt from federal, state, and local taxes.

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This system allows banks to lend money they don't actually have, which is a criminal scandal. The political sphere and central banks contribute to the problem with moral hazard and counterfeiting, also known as quantitative easing. Governments and central banks artificially print money without consequences, while ordinary people would face imprisonment for the same act. Central banks manipulate interest rates, not retail banks. Additionally, deposit guarantees are discussed casually, but when banks fail, taxpayers bear the cost. The speaker calls for bankers, including central bankers and politicians, to be held accountable and imprisoned for their actions.

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This allows banks to lend money they don't actually possess. The problem is worsened by moral hazard from the political sphere, including central banks. Quantitative easing is essentially counterfeiting, but governments and central banks get away with it. Central banks manipulate interest rates, not retail banks. When banks fail, taxpayers bear the cost through deposit guarantees, which is essentially theft. Unless bankers, including central bankers and politicians, are held accountable and sent to prison, this unjust system will persist.

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This system allows banks to lend money they don't actually have, which is a criminal scandal. The political sphere and central banks contribute to the problem with moral hazard and counterfeiting, also known as quantitative easing. Central banks manipulate interest rates, not retail banks. Additionally, deposit guarantees are often discussed casually, but they ultimately result in taxpayers bearing the burden when banks fail. The speaker believes that until bankers, including central bankers and politicians, are held accountable and sent to prison, this unjust situation will persist.

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the concept of fractional reserve banking. This system allows banks to lend money they don't actually have, which is a criminal scandal. The political sphere and central banks contribute to the problem with moral hazard and counterfeiting, also known as quantitative easing. Central banks manipulate interest rates, not retail banks. Additionally, deposit guarantees are discussed casually, but when banks fail, taxpayers bear the cost. The speaker believes that bankers, including central bankers and politicians, should be sent to prison for this theft from the taxpayer.

Banks create money out of nothing and lend it at interest, a legal form of fraud. The banking lobby blames inflation on high wages and speculation, not on the money creation by banks. This practice leads to economic problems that cannot be solved.

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This system allows banks to lend money they don't actually have, which is a criminal scandal. The political sphere and central banks contribute to the problem with moral hazard and counterfeiting, also known as quantitative easing. Central banks manipulate interest rates, not retail banks. Additionally, deposit guarantees are discussed casually, but they ultimately result in taxpayers bearing the burden when banks fail. To put an end to this injustice, bankers, including central bankers and politicians, should be held accountable and sent to prison.

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This system allows banks to lend money they don't actually have, which is a criminal scandal. The political sphere and central banks contribute to the problem through moral hazard and counterfeiting, also known as quantitative easing. Central banks manipulate interest rates, not retail banks. Additionally, deposit guarantees are often discussed casually, but they ultimately result in taxpayers bearing the burden when banks fail. To address this issue, bankers, including central bankers and politicians, should be held accountable and face imprisonment.

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.

"Cool thing about how The US tax code works is that loans are never treated as income, but they are spendable money that you can consume and use." "And I can use those loans to live my life." "These are the strategies of the people who are ultra wealthy." "Either way, those loans are not a taxable event, and you can use them to further expand your business." "So this is an amazing strategy you can use to avoid the tax man and grow your business at the same time." "And when I die, they can they can rectify my account."

When you sign a promissory note or bill of exchange, you're essentially providing cash equivalent, allowing banks to use it as collateral. Your house or car is not collateral; the signed note is. By not claiming your assets, you unknowingly agree to pay more than necessary. If facing foreclosure, take action by claiming the deed of trust and the note, asserting your rights. The banks only have authority if you don’t claim your assets. Educate yourself on the legal process and don’t expect free help; take responsibility for your situation. Stand up for your rights and learn how to navigate the system effectively.

A thousand years after the death of Christ, money changers, those who loan out and manipulate the quantity of money, were active in medieval England. They were not bankers per se; the money changers generally were the goldsmiths. They were the first bankers because they started keeping other people's gold for safekeeping in their vaults. The first paper money was merely a receipt for gold left at the goldsmith. Paper money caught on because it was more convenient than carrying around a lot of heavy gold and silver coins. Eventually, goldsmiths noticed that only a small fraction of the depositors ever came in and demanded their gold at any one time. Goldsmiths started cheating on the system. They discovered that they could print more money than they had gold, and usually, no one would be the wiser. Then they could loan out this extra money and collect interest on it. This was the birth of fractional reserve banking, that is, loaning out many times more money than you have assets on deposit. So, if a thousand dollars in gold were deposited with them, they could loan out about $10,000 in paper money and draw interest payments on it, and no one would ever discover the deception. By this means, goldsmiths gradually accumulated more and more wealth and used this wealth to accumulate more and more gold. Today, this practice of loaning out more money than there are reserves is known as fractional reserve banking. Every bank in The United States is allowed to loan out at least 10 times more money than they actually have. That's why they get rich on charging, let's say, 8% interest. It's not really 8% per year, which is their income. It's 80%. That's why bank buildings are always the largest in town. But does that mean that all interest or all banking should be illegal? Hardly. In the Middle Ages, canon law, the law of the Catholic Church, forbade charging interest on loans. This concept followed the teachings of Aristotle and St. Thomas Aquinas. They taught that the purpose of money was to serve the members of society to facilitate the exchange of goods needed to lead a virtuous life. Interest, in their belief, hindered this purpose by putting an unnecessary burden on the use of money. In other words, interest was contrary to reason and justice. Reflecting Church law in the Middle Ages, Europe forbade charging interest on loans and made it a crime called usury. As commerce grew, and therefore opportunities for investment arose in the late Middle Ages, it came to be recognized that to loan money had a cost for the lender, both in risk and in lost opportunity. So some charges were allowed, but not interest per se. But all moralists, no matter what religion, condemn fraud, oppression of the poor, and injustice is clearly immoral. As we will see, fractional reserve lending is rooted in a fraud, results in widespread poverty, and reduces the value of everyone else's money. The ancient goldsmiths discovered that extra profits could be made by rowing the economy between easy money and tight money. When they made money easier to borrow, then the amount of money in circulation expanded. Money was plentiful. People took out more loans to expand their businesses. But then, the money changers would tighten the money supply. They would make loans more difficult to get. What would happen? Just what happens today. A certain percentage of people could not repay their previous loans and could not take out new loans to repay the old ones. Therefore, they went bankrupt and had to sell their assets to the goldsmiths for pennies on the dollar. The same thing is still going on today. Only today, we call this rowing of the economy up and down the business cycle. Like Julius Caesar, King Henry the first

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This system allows banks to lend money they don't actually have, which is a criminal scandal. The political sphere and central banks contribute to the problem through moral hazard and counterfeiting, also known as quantitative easing. Central banks manipulate interest rates, not retail banks. Additionally, deposit guarantees are often discussed casually, but they ultimately result in taxpayers bearing the burden when banks fail. The speaker suggests that bankers, including central bankers and politicians, should be sent to prison to address this ongoing issue.

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This system allows banks to lend money they don't actually have, which is a criminal scandal. The political sphere and central banks contribute to the problem with moral hazard and counterfeiting, also known as quantitative easing. Central banks manipulate interest rates, not retail banks. Additionally, deposit guarantees are often discussed casually, but they ultimately result in taxpayers bearing the burden when banks fail. To put an end to this injustice, bankers, including central bankers and politicians, should be held accountable and sent to prison.

The speaker questions the practice of banks taking actual cash value from borrowers, using it to fund bank loans, and then returning it as a loan with interest. The judge acknowledges that this is a common practice and that Congress allows it. The speaker highlights that borrowers essentially give their own money to the bank for free, which the bank then loans back to them. The judge confirms that this is the bank's policy. The speaker emphasizes that borrowers are unaware of this process and urges people to educate themselves about the financial system.

Speaker 0: So who are the people that actually get to be inflation? Well, they're the ones that are climbing up the network. They're the compromised ones. Why? What do they get? They get 0% money. The most corrupt money in the world is quantitative easing. Right? You essentially get the banks to buy the government's debt, and then central banks, put it on their balance sheet. So this is just pure corruption. This is below interest money. What about the banks? They get to create it for free. You know, they actually get to create it. They get a thousand decks on you you're paying 10%. They get they get to lever that up a 100 times. They get a thousand percent. And remember, this is all a debt based Ponzi scheme. The money to pay the interest doesn't exist, so you gotta find another person to take on the debt. You're either if you have a positive money in your in your bank balance, it's because somebody else is in debt. The money doesn't exist unless somebody else is in debt, and the money to pay the interest doesn't exist. So we create this economic environment where your money is continually being debased, and then you need to speculate in order to beat inflation. Now if you do a bit of speculation and you just invest some of your money in stocks, what happens? You're suddenly like, I don't know what stock to buy. I'm I'm not a professional trader. So there's a company out there, BlackRock, that will just buy all the stocks for me, and I just can give them a £100 a month or something. And, now I don't need to figure out what stock to buy. Okay. So now BlackRock is taking everyone's investment money that can't be bothered to figure out what stock through ETFs and index ones. Then they're taking everyone's pension. Then they're taking everyone's insurance contributions because you're trying to hedge some of the risk. And then when you get your house, you have to have insurance. And so where did BlackRock and all the asset managers in this financial industrial complex get all the money? It's your money. You paid for it. So then what do they do? Well, the banks create all of these. They they create new money every time they issue a mortgage. And then they say, do you know what? I don't even wanna take the risk of these mortgages anymore. What if can I just package it up and give it to someone else? So Larry Fink says, yeah. I've got all this money. All these people are putting these pension money in. Why don't we create something called a mortgage backed security? Let's package up all of these mortgages. Just put them into one product. And then what I can do is we can slap a credit rating on it. And if everyone complies, then they get this credit rating. Credit rating is not it's about compliance with the network. So now you've got all the banks are creating the money, and then they create these mortgage backed securities that allows them to control effectively all the real estate and transfer it. But who do they sell it to? They sell it to you. And so they created the money. They created the mortgage backed security, and then they sold it to your pension. So you paid for the very system for them to get the 0% money in the first place, and they're charging a fee for it. And what else do they get? They get a board seat on every company.

People are waking up and understanding that banks operate fraudulently under the Federal Reserve, and money has no value. Your signature gives value to agreements under the corporation. Given this, the speaker questions whether people are still paying credit cards, suggesting that money could be used for more important things. When you understand you're the creditor and banks are operating fraudulently, it's hard to make payments. Nassara is coming soon, and the old system will fall so a new one can be implemented to restore financial freedom.

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.

Banks like Santander, Deutsche Bank, and Royal Bank of Scotland are broke due to fractional reserve banking, allowing them to lend money they don't possess. This practice is a criminal scandal that has been ongoing for too long.

A man questions a judge about how banks supposedly operate with borrowed funds. He presents a scenario: “I gave you the equivalent of $200,000. You returned the funds back to me, and I have to repay you $200,000 plus interest. Do you think I’m stupid?” He asserts that banks and Congress allow practices where banks breach written agreements, use false or misleading advertising, act without written permission or the borrower’s knowledge, and transfer actual cash value from the borrower to the bank, then return it as a loan. The man asks if, in this system, the borrower’s actual cash value funds the bank loan check and how the bank then uses those funds. The other participant, identified as a borrower in the discussion, responds that the borrower “got a check in the house.” The man pushes: is it true the actual cash value funding the loan check came directly from the borrower and that the bank received the funds from the borrower “for free”? He states, “No equal consideration. They got it from you for free,” and presses that the bank’s policy is to transfer the borrower’s cash value from the check to themselves and keep the money as the bank’s property, which they then loan out back to the borrower as if they own it and loan their own money. The other participant answers affirmatively, though notes not being present at the time to know the borrower’s intent. The man asks further: if a lender loans a borrower $10,000 and the borrower refuses to repay, is the lender damaged? The reply: yes, the lender is damaged if the loan isn’t repaid. He asks whether the bank’s practice is to take the borrower’s actual cash value, use it to fund the bank loan check, and never return it to the borrower. The response: the bank returns the funds, but as a loan to the borrower. The man clarifies: was the cash value returned as the bank loan to the borrower or as return of the money the bank took? Answer: as a loan. The man concludes, “So how did the bank get the borrower’s money for free? … It doesn’t make any sense.” A narrator then frames the scene: a man discussing banking with a judge, summarizing the exchange about funding checks with the borrower’s name, and the judge’s reaction that “all the banks are doing this” and that Congress allows it. The narrator describes the process in which you apply for a loan, a check with your name is issued, the bank takes it, and then “gives it back to you as a loan plus interest,” sourced from your own funds. He asserts there is no equal consideration and suggests people don’t understand truth in lending. The speaker claims that if the public understood the financial system, there would be a revolution, but people prefer to “dance.”

The biggest hidden secret of money is that the modern banking system allows a few to plunder many through a scam. Currency is created faster than trees can grow, but most people don't understand how. Modern societies create currency similarly, and the US dollar is the majority of the world's currency, so the United States will be used as an example. It begins when a politician says, "Vote for me."

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This allows banks to lend money they don't actually have, which is a criminal scandal. The problem is worsened by moral hazard from the political sphere, including central banks. Quantitative easing, or artificial printing of money, is essentially counterfeiting. Central banks manipulate interest rates, not retail banks. When banks fail, taxpayers bear the cost through deposit guarantees, which is essentially theft. Until bankers, including central bankers and politicians, are held accountable and sent to prison, this outrage will persist.

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.

All banks, including Bank Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the system of fractional reserve banking. This allows banks to lend money they don't actually have, which is a criminal scandal. The political sphere and central banks contribute to the problem with moral hazard and counterfeiting, also known as quantitative easing. Governments and central banks artificially print money, while ordinary people would go to prison for the same act. Central banks manipulate interest rates, not retail banks. Additionally, deposit guarantees are discussed casually, but they ultimately result in taxpayers bearing the burden when banks fail. To stop this ongoing outrage, bankers, including central bankers and politicians, should be sent to prison.

I rise to address the issue of banking. All banks, including Santander, Deutsche Bank, and Royal Bank of Scotland, are broke due to the flawed system of fractional reserve banking. This allows banks to lend money they don't possess, which is a criminal scandal. The problem is exacerbated by moral hazard from the political sphere, where counterfeiting, or cognitive easing, occurs. Governments and central banks artificially print money without consequences. Central banks manipulate interest rates, not retail banks. We also casually discuss deposit guarantees, which ultimately burden taxpayers when banks fail. Unless we hold bankers, including central bankers and politicians, accountable and send them to prison, this injustice will persist.