Magical Secrets of Credit

Credit Conjuring: The dirty secret of banking is bank ‘loans’ are manufactured credit.

As brainwashed Tax Herds, we New Zealanders have been tricked to think that banks simply loan out the deposits of other savers. However, banks use most of the money they receive to buy interest-bearing treasury securities, corporate bonds and other financial instruments. [1] Indeed, the dirty secret of banking is that bank ‘loans’ are actually manufactured credit funds borrowed into existence.[2] As Mack Ott of the privately owned St. Louis Federal Reserve pointed out in 1982, “Credit is not money, but the promise of future money to the lender in return for the current temporary use of purchasing power – goods or money – extended to the borrower”.[3] Through their structural alignments, the world’s largely unseen dynastic bankers, through their transnational banking empires ensure that actual cash is scarce. This scarcity compels families and businesses and governments to ‘borrow’ the bankers’ manufactured credit to build homes, enterprises or hospitals, respectively, and to compete for scarce cash to ‘repay’ the privately conjured credit.[4]

Biggest Scam: 92-96% of currency is created as commercial bank credit. [The Biggest Scam in the History of Mankind].

When new ‘loans’ are made, the manufactured credit funds are deposited into the cheque accounts of ‘borrowers’. Each time the proceeds from the sale of property are re-deposited, the banks have new funds that add to the deposit base to make new ‘loans’. In other words, banks need only hold reserves that equate to a fraction of the actual deposit claims on their books in a fractional reserve banking system. In addition to earning profits off income-generating financial instruments, banks build up reserves by using some of the proceeds from the interest they charge for ‘loans’.[5] In this way, interest is not “the price of money” – since no money that previously existed is lent. Rather, interest represents a rent on the amount of funds fraudulently marketed as ‘loans’.[6]

Straddled with Debt: Corporate Owned Wage Slaves or C.O.W.S. are trapped in servitude through financial hardship.

Therefore, each generation are cast as ‘borrowers’ who are compelled to sell their homes and businesses at ever higher values just to break even because of the ‘rent’ banks charge for their manufactured credit, as English economist Michael Rowbotham stated in his book, The Grip of Death: A Study of Modern Money, Debt Slavery and Destructive Economics. Despite central banks’ ability to manufacture and obliterate “unlimited supplies of money and credit,” as former chairman of Federal Reserve Alan Greenspan put it,[7] most credit is created by commercial banks through this ‘multiplier effect’ of ballooning credit bubbles. Therefore, debt-based currency systems are mechanisms of present and future social control, since the Global Tax Herds’ time, creativity and resources are wasted, as investor Mike Maloney states in his documentary series, The Biggest Scam in the History of Mankind. [8]

During the last 500 years of Colonial Empire building by the European Maritime Powers, the credit revolution rose as the primary instrument of expansion, as Professor Carroll Quigley sketched in The Evolution of Civilization: An Introduction to Historical Analysis.[9] Credit was harnessed to rework slavery by funding wage and salary Tax Slaves, and financing the rise of the machines. Now, the chip revolution is poised to ‘collect’ all other instruments of expansion that have been exploited throughout history.[10]Therefore, C.O.W.S. work witlessly to build-out the new hi-tech fencing systems, big data maps for new conquests and chip-scanning toll-booths of corporatized Global Tax Farms.

The artificial scarcity of cash and abundance of privately manufactured credit, supports Crony Neo-Colonial Capitalism’s hidden purpose of making land scarce to as many Tax Cattle as possible.[11]

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[1] Rowbotham, M. (1998). The Grip of Death: A Study of Modern Money, Debt Slavery and Destructive Economics, p. 4, 26. Charlbury, England: Jon Carpenter.

[2] Mike Maloney. (2013). The Biggest Scam in the History of the World – Mike Maloney Ep 4. Retrieved from: https://www.youtube.com/watch?v=iFDe5kUUyT0; Ross Ashcroft. (2012). Four Horsemen; The Global Financial Crisi Renegade Films. Retrieved from: https://www.youtube.com/watch?v=5fbvquHSPJU

[3] Ott, M. (1982, May). Money, credit and velocity. Review, Federal Reserve Bank of St. Louis, 21-34.

[4] Bill Still. (2009). “The Secret Of Oz” – The Truth Behind The Modern Financial System, And The Money-Political Complex” at: http://www.zerohedge.com/article/secret-oz-truth-behind-modern-financial-system-and-money-political-complex; Paul Grignon (2009). Money As Debt. [Full Length Documentary]. Retrieved from
https://www.youtube.com/watch?v=jqvKjsIxT_8;

[5] Rowbothman. (1998: 26). See also: An overview of the functions of money, and how money and credit are created in the NZ economy, examining the roles of the Reserve Bank and private sector banks. http://www.interest.co.nz/opinion/77033/overview-functions-money-and-how-money-and-credit-are-created-nz-economy-examining

[6] Ott, M. (1982, May). Money, credit and velocity. Review, Federal Reserve Bank of St. Louis, p. 25.

[7] Greenspan. (1998: 247). As cited in: Allen, R. E. (1999). Financial crises and recession in the global economy, p. 87. Cheltenham, Glos, UK: Edward Elgar.

[8] Mike Maloney. (2013). The Biggest Scam in the History of the World – Mike Maloney Ep 4. Retrieved from: https://www.youtube.com/watch?v=iFDe5kUUyT0; Ross Ashcroft. (2012). Four Horsemen; The Global Financial Crisi Renegade Films. Retrieved from: https://www.youtube.com/watch?v=5fbvquHSPJU

[9] Quigley, Carroll (1961). The Evolution of Civilization: An Introduction to Historical Analysis. Liberty Fund Inc. (1979 Ed.) Indianapolis.

[10] Katherine Albrecht and Liz McIntyre (2006). Spychips: How Major Corporations and Government Plan to Track Your Every Purchase and Watch Your Every Move. USA: Penguin; Patrick Wood. (2015). Technocracy Rising: The Trojan Horse of Global Transformation. USA: Coherent Publishing.

[11] Hutchinson, F. (1998). What Everyone Really Wants To Know About Money. Charlbury, England: Jon Carpenter; Stefan Molyneux. (2010). Human Farming: The Story of Your Enslavement https://www.youtube.com/watch?v=Xbp6umQT58A

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