Ancient Banking Secret Revealed - How Banks Manufacture Money Out Of Nothing

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The Ancient Banking Secret - Suppressed for Centuries - Is About To Be Revealed To You!

Read on for the truth!

This is where you will learn the banking secret that has existed for hundreds, maybe thousands, of years.

Once you learn this secret you will never look at the world in the same light again.

WHAT IS THE SECRET?

The secret is this, and it applies in every country in the world.

All money is based on credit, and all credit is created out of nothing by the banking system, or, more specifically, the people who own and control the banking system.

What this means essentially is that all money comes into existence as a debt repayable to a bank or finance house. The bank or finance house doesn't have the money in the first place, but is allowed by the Central Bank (ie the Bank of England in the UK, Federal Reserve System in the US, etc) to issue credit (ie loans) up to a certain amount. This amount varies from time to time, giving the leading players in this fraudulent business incredible and unaccountable power.

So all money is created by the privately-owned banking system, out of nothing, for its own benefit, not the benefit of the people. And this money is repayable as interest-bearing debt.

Is that ludicrous or what?

Most people think that banks only lend money that is in turn owed by them to their wealthier customers or has been borrowed on the money market.

But this is a subtle deception that banks and establishment economists allow the public to believe. How have they managed to get away with such a collosal deception for so long? You'll find out more about that on our blog, but meanwhile here is what a couple of prominent bankers have said about the system in the earlier part of the twentieth century.

 

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin . Bankers own the earth. Take it away from them but leave them the power to create money, and with a flick of a pen, they will create enough money to buy it back again . Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in . But if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit."

Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain in the 1920's, speaking at the University of Texas in 1927.

 

"I am afraid the ordinary citizen will not like to be told that the banks can, and do, create and destroy money."

Rt. Hon. Reginald McKenna, former Chancellor of the Exchequer and Chairman of the Midland Bank (now part of HSBC) in Great Britain, addressing a meeting of shareholders on 25th January 1924 (quoted in the 1964 edition of "Promise To Pay" by R. McNair Wilson).

 

"When a bank lends it creates money out of nothing."

From "Trade, Depression and the Way Out" by R. G. Hawtrey, one time Assistant Under-Secretary to the Treasury (USA).

 

And in case you're thinking these quotations may be out of date and not applicable in the 21st century, here is another bombshell from Martin Wolf, Chief Economics Editor of the London Financial Times, dated 9th November 2010:

 

"The essence of the contemporary monetary system is the creation of money out of nothing, by private banks' often foolish lending."

 

These quotations should be broadcast to the entire world. They should be engraved in stone on the walls of every college, office and factory in every country.

Think about the implications of these admissions. All these men - senior figures in the banking system in their day - frankly admit that the entire financial and monetary system of the world is fraudulent. That it's based on an illusion, a lie.

The lie is that the money the banks lend out to people, companies, corporations, local authorities, governments and international bodies, that this money is real money. Real money that has been earned by work or by wealth creation. After all, this is only a reasonable supposition to make.

But no. This money has not been so earned. It has simply come into being as a computerised book keeping entry. In the days of Sir Josiah Stamp it would have been an entry in a ledger, but the principle is the same.

Over 80 years have passed since Sir Josiah's dramatic admission, but the grip of finance over the lives of all the rest of us has not slackened. In fact, with the arrival of the Credit Crunch, it has become steadily tighter.

Don't forget to download the 1930s Classic, Promise To Pay, written by Dr R. McNair Wilson, which explains in simple terms exactly how the fraudulent banking system works. Just complete the form at the top of this page.

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