The Great Debt Scam - or How The Banks are Striving to Covertly Control All of Society


 

Have you ever found yourself wondering WHY it is so extraordinarily difficult for the ordinary
man or woman to flourish financially in this world? This is something I have often mused upon
and something that I came across in my general reading furnished such a TOTALLY convincing
rationale for why this is so that I felt that I had to help disseminate this information further.
Hence this web-site and article.

Most of us sense in our bones that there is something VERY amiss with the so-called 'Science'
of Economics. People go away to universities and study for years and get degrees in this subject
and then go out into the wide world with this 'knowledge' that they've acquired and then find
that they are powerless to change anything of moment in the workaday world. All of these
theories that they've studied are impotent to effect any meaningful change. An explanation that needs to be seriously considered is that all of this information that they've acquired via the academic establishment is fundamentally a farrago of nonsense that is designed to conceal certain economic and financial realities that would cause profound disquiet and concern if what was being suppressed became general knowledge among the population as a whole. The structure of society could be very seriously shaken up!

What you are about to read is an excerpt from Chapter 3 in a book called "And The Truth
Shall Set You Free" by an author whose identity I shall only reveal later. There is a reason for
this and you will understand when you get to the end of this treatise.

So, let the enlightenment begin!

Read and enjoy!
 
 

"Banks lend money that doesn't exist - credit - and charge you interest on it! If I gave you
something that doesn't exist and then asked you to pay me for it, you  might consider calling
the police. If I gave you something that doesn't exist and said that if you don't pay me for it I will
take you to court and take your property away, you might say we lived in a fascist state. Yet
what I have just described is the banking system of the world and the means through which both
people and governments are drowning in debt. And what does debt equal? Control.
 

Among the first bankers in the Western world were the Knights Templar. They were given
enormous riches by Christians supporting the Crusades and by legacies from people who
were often hoping to buy a place in Heaven. They were the wealthiest organization in every
country in which they established themselves, and their temples in Paris and London became
financial centres.

The Christian world had a strict ban on usury (the charging of interest on loans) - remember Jesus
overturning the tables of  moneylenders in the temple? - but as the centuries passed this was
forgotten, and the banking system which today controls (that isn't too strong a word) humanity
began to develop.

The currency of that time was precious metals (such as gold and silver) and, for safety reasons,
the owners began to deposit their wealth with the goldsmiths, who  had suitable strongrooms
to ensure its safekeeping. The goldsmiths would issue paper receipts for the gold and silver
deposited with them, and the owners would pay their debts by withdrawing portions of their
'deposits' as necessary. It was obviously an unwieldy process to move all those metals around
and the paper receipts slowly became accepted as currency. The gold and silver were rarely
moved, but the ownership of it changed with the issuing of receipts ('money') to pay off debts.
In the same way today, vast fortunes are made by simply moving numbers between one computer
file and another.

The goldsmiths and other owners of strongrooms began to realize that, at any one time, only a
fraction of the gold and silver was being withdrawn by the owners. "So," they thought, "why don't
we issue notes (money) to other people who don't own the gold and charge them interest on the
notes?" The only way the ruse could fail was if they issued too many notes and everyone came
along at the same time to cash them in for gold and silver. They began to issue notes for the
ownership of the gold and silver greatly in excess of the amount of gold and silver they had
deposited in their vaults. Most of the notes they lent (and earned interest on) were related to
gold and silver which the 'banks' did not even have. But since only a small amount of the
metals was being withdrawn at any one time, they were in the clear. They could issue lots of
bits of paper for gold and silver that didn't exist and charge interest for doing so! There, in one
sentence, you have a description of today's banking system, which controls the world.

People and governments are submerged in debt and desperately trying to pay interest on money
that does not, has not,  and will never exist. It is reckoned that on average, for every £1000
a bank of issue receives from customers, it lends (and charges interest upon) at least £10,000!
It is able to do this through a fractional reserve system, which means they only  have to keep a
fraction (say, one-tenth) of their total deposits in the bank, or 'reserve'. They count on it not
being called for (demanded) by its customers all at the same time. In most countries where
banks are regulated, there are rules or laws which allow a bank to shut its doors if too many
people want their money out at the same time. THE BANK CREATES THIS MONEY OUT
OF THIN AIR  BY TYPING NUMBERS ONTO A COMPUTER SCREEN. A large slice
of your taxes goes to the banks to pay interest on money created in this way when those taxes
could be used to ease poverty and hunger, and create greater opportunity. Indeed, if the money
system was restructured to serve people and not banks, there is a good case for saying that all
taxation could end.
The con-trick is completed by the fact that if you fall behind in your interest payments on money
that doesn't exist, the bank can take away your car, your house, and  other property - wealth
that DOES exist. Remember, too, that while you are borrowing a certain figure from a bank, you are paying back more than that, with the interest. Where does that interest come from? It comes from the wealth and credit in the world. So with every loan paid back to a bank since this system began, the interest payments have been sucking the wealth and money of the world into the banking system. With each loan repayment, the control of that system is strengthened. This allows the banking system, controlled by an elite, to lend even greater sums of non-existent money and submerge even more people in debt."

(End of excerpt from article)

There folks, in just a few paragraphs, you have the explanation of just why life gets suckier
and suckier for most people with each passing year!

The only way we are ever going to reform this ludicrous state of affairs is by disempowering banks.

Anybody got any ideas - short of blowing all the bloody things up with dynamite - on precisely how we - the long-suffering public - can do this? Although this banking status quo is obviously untenable in the long run there is hope! Later on this website I give links to two other websites by different creators - the webmasters of the sites www.Bilderberg.org and www.nesara.us - who like me are interested in seeing banking made answerable to ordinary people and governments.

Earlier I promised that I would disclose the identity of the author of this enlightening essay. It certainly wasn't me! Would you believe it was the much maligned, often suffering but genuinely noble Mr.David Icke?

David, for those of you who don't know or who simply happen to live well away from goings-on in the UK, is a former TV presenter who brought opprobrium down on himself by speaking his mind in what is supposed to be both a free country and the mother of all democracies. There was a period here in England where the vituperation that was lavished upon him by many sources didn't show England in a very good light at all. Whatever, this isle has produced an unsurpassed rock band in the form of Pink Floyd and David Icke is a "crazy diamond" in the best tradition of "Shine On You Crazy Diamond". All hail to thee David!

I did not want the intrinsic merit of this article being under-rated by a knee-jerk dismissive reaction that might have been engendered by many of the hurtful slurs that have been levelled at David Icke.

Coolly considered his essay is a tour de force and needs to be soberly reflected upon!
 

If you wish to communicate with the creator of this web-site feel free to e-mail me on this link: My E-mail address

If you would like to read more about how the banking institutions are systematically pauperizing the American people - amongst many others - and also how there is demonstrably only ONE 'engine' or cause underlying what we call 'inflation' then please click on this link: billions.txt

If you would like to create a mirror for this site on another server by all means feel free to do so. (If you do do this then I would appreciate an e-mail letting me know about it. Thank you.)

Tweaks to this site were last done on January the 18th, 2006.