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The speakers discuss the concept of money and its flaws within the current system. They explain that money is debt in the fiat system, where governments owe money to central banks. They mention the history of banking crises and the removal of the gold standard in 1971, which led to unlimited money printing. They also touch on the role of military power in sustaining the American empire and the efforts to destabilize cryptocurrencies. The speakers suggest that banks are intentionally imploding to consolidate power and introduce new systems. They emphasize the importance of preserving wealth and the actions of wealthy individuals in protecting their money.

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 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.

We are in debt and facing cuts to social services and increased taxes. The question is, who do we owe the money to? The answer is the Rothschilds, the Oppenheimers, and other wealthy bankers. Our corrupt politicians have given them power. They profit from wars and send our sons and daughters to kill innocent people. This hypocrisy mocks our talk of freedom and democracy. The financial system is the head of the snake. Henry Ford said it's a good thing people don't understand it, or there would be a revolution. We are enslaved by this debt-driven system controlled by the wealthy. They can create money out of thin air.

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.

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.

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.

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.

A history of central banking and the enslavement to mankind claims usury destroyed the Roman Empire after patricians gained the privilege to mint silver coinage. Julius Caesar countered usury by reducing debt, controlling the mint, and abolishing slavery for debt. The adoption of the gold standard led to the empire's demise. Constantine's tax decree to the church hastened destruction by concentrating wealth. The implosion resulted in the dark ages. King Ophah established England's monetary system, prohibiting usury. Jews arrived in 1066, practicing usury under royal protection. King John was forced to sign the Magna Carta to abolish usury. Edward I expelled the Jewish population. Tally sticks were used for government expenditures. Jews returned during Queen Elizabeth's reign, practicing fractional reserve banking. Cromwell allowed Jewish immigration in return for financial favors. William of Orange surrendered the royal prerogative to the Bank of England. Napoleon established the Banque de France, replacing private banks. He understood that money has no motherland and financiers are without patriotism. The bank was set up with a share capital of CHF30,000,000. Napoleon made the frank the most stable currency in Europe. The American colonies prospered by issuing their own money, colonial script. The Bank of England restricted this, causing economic collapse. Andrew Jackson collapsed the Second Bank of the United States. Lincoln issued debt-free treasury greenbacks. The Federal Reserve Bank was established in 1913. Tsar Alexander I refused Rothschild's central bank offer, establishing the State Bank of the Russian Empire. The Rothschilds instigated a Judeo-Bolshevik revolution, destroying the empire. The Commonwealth Bank of Australia was founded in 1912. It was established as a private bank, but operated as a state bank. World War I was instigated by Jewish bankers to destroy empires and create a Zionist state. The BIS guides the global financial system. The US Federal Reserve Bank destroyed the value of the dollar. The Great Depression was contrived by the Federal Reserve. Hitler established a state bank, the Reichsbank, which led to Germany's economic transformation. Guernsey issued debt and interest-free notes. Libya had a state-run central bank.

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.

First speaker outlines that 1914, the year the Federal Reserve was created, coincides with the institution of the income tax, and argues these two developments are parts of the same tool. Since 1971, he says, every ill in society has expanded, and now the fruits of that system have come home to roost. He asserts the money system enables certain forces to enact their will without accountability, describing fiat money as giving those forces carte blanche to decide what money is and how much there is. He contends money is at the heart of many problems, alongside the spiritual realm, and emphasizes a strong connection between money and moral/spiritual forces, calling it a dangerous master. Second speaker asks what the US government prices its own gold at, noting that the US is the biggest gold holder. First speaker answers: $42.22 per ounce, which is far below market price (around $3,000). Second speaker asks how that discrepancy is possible. First speaker explains the Fed can choose how to value its assets, either marking to market or to cost, highlighting the Fed’s power to revalue assets on its books. He notes reports that the Fed’s balance sheet has been underwater on paper at times, and that gold on the Fed’s balance sheet can serve as an ace to revalue the balance sheet if needed. He describes it as “magic.” They discuss whether one could buy gold from the US government at $42, and acknowledge people watch the Fed’s balance sheet and market-to-market data. First speaker references James Rickards and his book The Death of Money, noting that the Fed could mark assets to market but not necessarily revalue gold, which could be used to rebalance the balance sheet. They contemplate what would happen to gold prices if the US held enough gold to back a new standard; under a 40% reserve ratio, gold price might range widely to restore a 1:1 parity with the Chinese yuan, possibly between $20,040 and $40,000 per ounce, depending on the balance sheet and reserves. Luke Groman is cited as saying achieving 1:1 parity with the yuan would require about $22,000 per ounce of gold, assuming the claimed gold stock is accurate. First speaker explains that achieving a gold-backed standard could force a reality-based discipline: a revaluation could alter international currency dynamics, reduce the ability to wage wars funded by fiat money, and end hollowing out of the industrial base and unchecked globalism. He argues that a return to an honest money standard would impose norms and transparency, forcing currency and national commitments to be truthful. Second speaker adds that lying is evil, and a society lacking truth is deeply problematic. He closes by expressing gratitude for the discussion and hope that their efforts chip away at the issue.

During Abraham Lincoln's presidency, European monarchy agents instigated a rift between the North and South, creating a banker's war. Lincoln, denied reasonable loans from European banks, issued interest-free, debt-free money called greenbacks, based on the American people's credit, not silver or gold. The London Times warned that if this policy persisted, the U.S. would become prosperous, attracting global wealth and threatening monarchies. Bankers understood that sovereign governments printing debt-free money would break their power. A decade after the Civil War, greenbacks were worth as much as gold. The speaker claims Trump moved the Federal Reserve back under Treasury authority. The speaker also claims the Queen of England defers to the Mayor of London annually because the bankers control world governments through money from the City of London. These bankers, representing royal bloodlines, rule by right of blood.

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

The speaker discusses the creation of the Federal Reserve in 1910, its role in financing wars, and its control over the economy through debt-based money creation. They mention the potential confiscation of assets, including gold, in the future. The conversation also touches on the manipulation of financial crises to implement changes in the legal system, such as central clearing of derivatives trades. The speaker emphasizes the need to stop this system to prevent further control over alternative means of exchange.

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.

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.

Borrowing from banks leads to nations becoming dependent on loans, resulting in banks having power over them. This creates a system where banks rule instead of a sovereign democracy. This is known as plutocracy, which is a major issue in today's economies. For instance, Obama borrowed $2 trillion from big banks and gave it back to them, supposedly for lending to the public. However, this system allows banks to lend out much more money than they actually have through fractional reserve lending. The 2008 financial crisis showed that big banks were highly leveraged, and Obama even suggested eliminating reserve requirements altogether. This system allows banks to consolidate wealth and control the politics of the nation, undermining government sovereignty and public interest.

The banking industry's objective is not to control conflicts, but rather to control the debt that conflicts generate. They understand that the true value lies in the debt itself, as it grants them control over everything. This may be unsettling, but it is the essence of the banking industry, making nations and individuals slaves to debt. The crash of 1929, known as the Great Depression, revealed the invalidity of the economic game's rules. World War 2 further demonstrated how resources were wasted on destruction instead of meeting human needs. Humanity has since set the stage for its own extinction, wasting precious finite resources in the pursuit of profit and mindless consumption. The monetary powers continue to control the political structure, just as they did 75 years ago. It's time for this system to be abolished.

The speaker discusses the concept of money and its creation by bankers, particularly in the Federal Reserve System. They highlight that money has no inherent value and that printing different denominations costs the same. The speaker argues that bankers can create vast amounts of wealth for themselves by printing money, unlike other industries that have profit limits. They explain how reducing the money supply can lead to a depression and reference the Great Depression as an example. The speaker also mentions how the bankers caused the stock market and bank collapses during that time. They assert that World War 2 ended the Great Depression and that the same banks that previously refused money suddenly provided it. The speaker claims that wealthy bankers manipulate the economy by creating recessions, depressions, inflations, and panics. They mention JPMorgan and the Rothschild family's involvement in establishing a central bank, and how they caused the first major panic in 1893.

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 subsequent events led to the US printing money beyond its gold reserves. To maintain world reserve currency status, the US relied on its military and engaged in wars to protect the petrodollar. The current financial system is likened to a Ponzi scheme, with markets crashing and the derivatives market being worth more than the world's financial assets. The collapse of this system is imminent, and the future banking system should prioritize serving the people.

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.

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.