The Reserve Bank = A License to Steal Money from Citizens? (How Money is Created from Nothing for Dummies)
Business & Finance, Economics, Money & Monetary Policy, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
| Author: | Ahmed Motiar | ISBN: | 9780987029744 |
| Publisher: | Ahmed Motiar | Publication: | July 7, 2014 |
| Imprint: | Smashwords Edition | Language: | English |
| Author: | Ahmed Motiar |
| ISBN: | 9780987029744 |
| Publisher: | Ahmed Motiar |
| Publication: | July 7, 2014 |
| Imprint: | Smashwords Edition |
| Language: | English |
THE RESERVE BANK = A License to Steal Money from Citizens?
Very few people know how the money system is manipulated by the RESERVE BANK to make most citizens “debt-slaves” without them even being aware of it. This book exposes how the Reserve Bank uses the Fractional Reserve System to create “money out of nothing” for the benefit of the few private owners of the Bank but to the great detriment of the majority of the country’s citizens. This book explains in simple layman’s terms “how” money is created out of nothing.
Below are views of great leaders who may consider the Reserve Bank’s immoral activities as being tantamount to stealing money from citizens. These comments apply to every country where these Banks operate as “privately-owned” corporations. This is another fact which most people are not aware of.
Sir Josiah Stamp, former director of the Bank of England, warned: “If you wish to remain the slaves of bankers and pay the cost of your own slavery, then let the banks continue to create money.”
President Abraham Lincoln strongly favoured the abolishment of the Central (Reserve) Bank and declared: “The government should create, issue, and circulate all the currency. Creating and issuing money is the supreme prerogative of government. Adopting these principles would save the taxpayer immense sums of interest and money will cease to be the master and become the servant of humanity.”
President Thomas Jefferson offered advise which citizens cannot afford to ignore: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks… will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered … The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Ian Woods, the Editor and Publisher of Global Outlook magazine wondered: “Why should a nation with the power to create money give that power away to a private monopoly of banks and then borrow it back at interest to the point of near bankruptcy?”
THE RESERVE BANK = A License to Steal Money from Citizens?
Very few people know how the money system is manipulated by the RESERVE BANK to make most citizens “debt-slaves” without them even being aware of it. This book exposes how the Reserve Bank uses the Fractional Reserve System to create “money out of nothing” for the benefit of the few private owners of the Bank but to the great detriment of the majority of the country’s citizens. This book explains in simple layman’s terms “how” money is created out of nothing.
Below are views of great leaders who may consider the Reserve Bank’s immoral activities as being tantamount to stealing money from citizens. These comments apply to every country where these Banks operate as “privately-owned” corporations. This is another fact which most people are not aware of.
Sir Josiah Stamp, former director of the Bank of England, warned: “If you wish to remain the slaves of bankers and pay the cost of your own slavery, then let the banks continue to create money.”
President Abraham Lincoln strongly favoured the abolishment of the Central (Reserve) Bank and declared: “The government should create, issue, and circulate all the currency. Creating and issuing money is the supreme prerogative of government. Adopting these principles would save the taxpayer immense sums of interest and money will cease to be the master and become the servant of humanity.”
President Thomas Jefferson offered advise which citizens cannot afford to ignore: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks… will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered … The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Ian Woods, the Editor and Publisher of Global Outlook magazine wondered: “Why should a nation with the power to create money give that power away to a private monopoly of banks and then borrow it back at interest to the point of near bankruptcy?”
