Read the first part here.
Despite the fact that the countries of the world are deeply divided in everything, but one way or another, almost all of them were convinced that the Central Bank is what they need. Today, less than 0.1% of the world's population lives in countries where there is no central bank. Do you think this is a coincidence? It is also no coincidence that we are now facing the greatest debt bubble in the history of the world. In part one of this series, I discussed the fact that the world's total debt has reached $ 217 trillion. Once you understand that central banks are designed to create endless debt, and once you understand that 99.9% of the world's population lives in countries with a central bank, then you finally have a big picture of why we have accumulated so much debt. The world's elites are using debt as a tool of enslavement, and central banks have allowed them to literally enslave the entire planet.
Some of you may not be familiar with how a “central bank” differs from a regular bank. Wikipedia defines "central bank" as follows:
The central bank, reserve bank, or foreign exchange office is the institution that manages the government's currency, money supply, and interest rates. Central banks also tend to control the commercial banking systems of their countries. Unlike commercial banks, the Central Bank has a monopoly on increasing the monetary base in the state, and, as a rule, also prints the national currency, which usually acts as the legal tender of the state.
Over the past 100 years or so, we have seen central banks gradually emerge across the planet. At the moment, there are only 8 small countries that still do not have a Central Bank:
-Andorra
-Monaco
-Nauru
Promotional video:
-Kiribati
-Tuvalu
-Palau
-Marshall Islands
-Federal States of Micronesia
The population of these 8 countries is less than 0.1% of the world population.
But even though the central bank is virtually universal, only a small fraction of the world's population can tell you how money is created.
Do you know where the money comes from?
Here in the United States, most people simply assume that the federal government is making money. But this is not at all the case.
Many are absolutely shocked when they discover that the US currency has actually been borrowed. The federal government provides US bonds (promissory notes) to the Federal Reserve in exchange for money created by the Federal Reserve out of thin air. The Federal Reserve then trades these bonds at a high price.
Since the federal government has to pay interest on these bonds, the amount of debt created in these transactions is actually greater than the amount of money that is created. But we are told that if we can spread money quickly enough throughout our economy and tax it at a fast enough rate, then we can eventually pay off the debt. Of course, this never happens, and so the federal government should always come back and borrow even more money. This is called the debt spiral, and we can never get out of this vicious circle until we end this terrible system.
But why is our government (or any government for that matter) forced to borrow money created by the Central Bank in the first place?
Why can't governments create money themselves?
Oops. This is a big secret that no one should talk about.
In theory, the US government doesn't really need to charge a dime. Instead of borrowing money created by the Federal Reserve out of thin air, the federal government can simply create money directly and put it into circulation.
Yes, it can happen. Back in 1963, President John F. Kennedy signed Executive Order 11110, which allowed the U. S. Treasury to issue money bypassing the Federal Reserve. These debt bonds, "United States Notes", were issued and you can still find them on eBay today. Unfortunately, President Kennedy was assassinated shortly after this decree was issued.
If we ended up switching entirely to United States Notes and phasing out the Federal Reserve notes, we would not have $ 20 trillion in debt today.
The elite of the world love to make national governments go into debt, as this allows them to enslave entire nations, while making huge profits.
Back in 1913, an insidious plan was pushed through Congress just before Christmas, a plan based on a project that was devised by highly influential Wall Street circles. Author G. Edward Griffin has done an extraordinary job of documenting how it all happened in his book, The Thing from Jekyll Island: A Second Look at the Fed. The central bank was deliberately created to create a public debt spiral, which it did.
Since 1913, government debt has grown more than 6,000 times, and the value of our dollar has fallen by more than 98 percent. Many conservatives are still under the illusion that someday we will be able to get out of debt if we simply grow the economy quickly, but I have already shown in another article that we have reached the point where this is mathematically impossible.
And most people are also under the false illusion that the Federal Reserve is part of the federal government. But this is also inaccurate. Below are excerpts from my previous article:
There is often a lot of confusion about the Federal Reserve, as many believe it is simply an agency of the federal government. But of course it is not. In fact, as Ron Paul likes to say, the Federal Reserve is about as "federal" as Federal Express.
The Fed is an independent central bank that has even proven in court that it is not an agency of the federal government. Yes, the president appoints the leadership of the Fed, but the Fed and other Central Banks around the world are always desperately guarding their "independence." The Fed's official website recognizes that the 12 regional federal reserve banks are organized “as private corporations” and operate as individuals. They even issue shares in the private banks that own them.
If you're so interested, the federal government has zero stakes.
According to the US Constitution, a private central banking cartel should not issue our currency. In Article I, Section 8 of our Constitution, Congress is solely empowered to “mint a coin, regulate its value and the value of a foreign coin, and set a standard for measures and weights”.
So why, all over the world, has this right and authority been given to Central Banks?
The truth is, we don't need a Central Bank.
From 1872 to 1913, there was no Central Bank and no income tax, and this period proved to be the period of the greatest economic growth in the entire history of the United States.
But then the Fed was created, and since its inception, there have been 18 different recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.
Abolishing the Federal Reserve System is one of the main challenges, and I've been writing about this for the past seven years.
As I said yesterday, the elite use debt to enslave everyone else, and central banks allow them to literally dominate the entire planet.
Until we abolish this debt-based system and move to a debt-free currency, we will never be able to solve our long-term economic and financial problems.
But because they are incredibly wealthy, the elite have an exceptional influence in our society. They control the media, our politicians, and even global institutions like the United Nations. Anyone who dares to question the validity of the current system will be destroyed, and there are very few politicians in the world who are willing to speak out against the Central Banks.
However, this is starting to change. A new generation of leaders is growing, and they are determined to break the stranglehold that the elite has thrown on our society. It won't be easy, but if we can wake up enough people, I believe that eventually we can free ourselves from this insidious system.
By Michael Snyder
