Guest Post by Nick Giambruno
Henry Ford astutely observed that a revolution would occur overnight if people truly understood the banking and monetary system.
That’s because modern banking is an elaborate illusion that deceives people into a false sense of security… until it’s too late.
Large banks can fail in hours, and life savings can evaporate overnight.
The US banking system is especially vulnerable, as the collapse of Silicon Valley Bank and other recent events have shown.
Why do so many people put their confidence and life savings into an unstable system?
I would say it’s because they do not understand three fundamental truths about modern banking.
#1. The money isn’t yours.
#2. The money isn’t actually there.
#3. The money isn’t really money.
Truth #1: The Money Isn’t Yours
Many people are surprised to learn that they don’t truly own the money in their bank account.
Once you deposit money at the bank, it’s no longer your personal property. Instead, it belongs to the bank, and they can do whatever they want with it.
What you own with a bank deposit is a promise from the bank to repay you—an IOU.
Depositing money is like making an unsecured loan to the bank, with practically no interest to compensate you for taking such a risk.
It’s a terrific deal for the bank and a terrible deal for you.
That’s why a bank deposit is very different from cash in hand. Yet the vast majority of people wrongly conflate the two.
Further, the bank can freeze “your” money by pushing a button for whatever reason they find convenient.
Perhaps you bought something the bank didn’t like or made a politically incorrect statement on social media. Then, don’t be surprised to see your account frozen or worse.
For example, PayPal recently floated the idea of charging people $2,500 for promoting so-called “misinformation.” Expect much more of this stuff in the future from banks and financial institutions.
If your money can be easily frozen or seized, it was never really yours.
Truth #2: The Money Isn’t Actually There
The money you think is in the bank isn’t actually there.
Banks don’t have physical cash reserved for you in their vault, nor do they have enough digital funds to cover all depositors.
During the Covid hysteria, the US government removed bank reserve requirements, meaning banks don’t need to hold any funds for withdrawals.
So, where does all that money go?
Unbeknownst to most depositors, banks can use “your” money to recklessly gamble on the latest investment fad. Banks are using “your” money to make bets and take risks that could render them insolvent and unable to redeem deposits.
If only a tiny fraction of depositors demanded their money back, most banks would be in big trouble because the money isn’t there.
This slimy practice is known as fractional reserve banking—and it’s totally legal. However, that doesn’t change the fraudulent nature of the activity.
Imagine any other industry using a fractional reserve system.
For example, consider a fractional reserve car dealership or jewelry store where the car salesman and jewelry store owner could create 10x more claims for cars and pieces of jewelry than what actually exists in their inventories. They would be selling claims for goods that don’t exist.
It would be clear such a practice would be fraudulent.
Modern banking resembles a Ponzi Scheme, as it relies on the false belief that people’s money is readily available when, in fact, it isn’t.
Truth #3: The Money Isn’t Really Money
Although people use currency every day, few consider what it actually is or what makes for a good money.
Asking people, “What is money?” is like asking a fish, “What is water?”
The fish probably doesn’t even notice the water unless it becomes polluted or something is wrong.
Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp. It doesn’t require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead many folks into believing.
Understanding money is intuitive and straightforward. Money is simply something useful for storing and exchanging value. It’s a tool for sending value through time and space. That’s it.
Think of money as a claim on human time. It’s like stored life or energy.
Unfortunately, today, most of humanity thoughtlessly accepts whatever worthless paper or digital scrips their governments give them as money.
However, money does not need to come from the government. That’s a total misnomer that the average person has been hoodwinked into believing.
It would be similar to transporting yourself back in time and asking the average person in the Soviet Union, “Where do shoes come from?”
They would say, “Well, the government makes the shoes. Where else could they come from? Who else could make the shoes?”
It’s the same mentality regarding money today—except it’s much more widespread.
Government currencies are terrible vehicles to store and exchange value because they are easy to produce, have a potentially unlimited supply, and carry enormous political risks.
The free market wouldn’t choose government confetti as money without laws forcing their use.
Here’s another way to think of it.
Imagine if Tony Soprano forced his neighborhood to use pieces of paper with his signature as money and threatened violence against anyone who disobeyed. That’s what governments are doing with their currencies.
The truth is fake money comes from the government. Real money emerges from the market.
People have used stones, glass beads, salt, cattle, seashells, gold, silver, and other commodities as money at different times. Inmates often use cigarettes to store and exchange value inside prisons.
However, for around 5,000 years, gold has been mankind’s most enduring form of money.
Gold didn’t win the ultimate competition to become the world’s best form of money by accident or because some politicians decreed it. Instead, it became money because countless individuals throughout history and across many different civilizations subjectively came to the same conclusion: gold is money.
It resulted from a market process of people looking for the best way to store and exchange value.
So, why did they go to gold? What makes gold attractive as money?
Here’s why.
Gold has a set of unique characteristics that make it suitable as money.
Gold is durable, divisible, consistent, convenient, scarce, and most importantly, the “hardest” of all physical commodities.
In other words, gold is “hard to produce” relative to existing stockpiles and is the one physical commodity most resistant to inflation of its supply, which helps make it a good store of value—an essential function of money.
That’s what gives gold its superior monetary properties.
Conclusion
The banking system is a fragile illusion that could collapse suddenly, potentially wiping out the savings of millions who misplace their confidence in it.
That confidence is dependent on people not understanding three simple truths about the banking system:
#1. The money isn’t yours.
#2. The money isn’t actually there.
#3. The money isn’t really money.
Here’s the bottom line.
The banking system is a mile-high house of cards that could collapse anytime.
Don’t be complacent, and take action to secure your money before it’s too late.
I suspect the banking system could have big problems soon… and it won’t be pretty for most people.
Few people are aware of what is really happening.
And even fewer know how to prepare.
That’s exactly why legendary investor Doug Casey and I will release an urgent video on Wednesday, February 7th at 8:00 PM ET.
That’s tomorrow.
In it, we reveal the best way to protect your savings from bank failures and other problems in the rotten banking system.
You won’t want to miss it and can reserve your spot for free by clicking here.
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You have been ” collateralized “. The full faith and credit of the US is the TAX on you.
Gold, the money of Kings…
Silver, the money of Gentleman…
Barter, the money of Peasants…
Debt, the money of Slaves…
And we’re all slaves now, since 1971, when the US went off the gold standard, at least….
Even if you could define and obtain real money, the Bible says don’t put your trust in it because it will fail. Yes, even gold will fail.
ALCHEMY…WILL REPLACE ALL MONEY…MAKING IT TOTALLY USELESS…BECAUSE “DIVINE BEING’S” CAN “CREATE BOTH GOLD & SILVER…UNDERSTAND YET???
The cure for banking, aka moneychangers is Privacy cryptocurrencies like Monero and Pirate Chain. We need to use money which government and banks do not control, and which no one can see how much you have, or what you buy, or to whom you donate and give.
Itss time for separation of money and state.
THAT, IS “BASS-ACKWARDS” SAXON, AND YOU ALREADY KNOW THIS!
IT WAS “NEVER” ABOUT THE “PAPER MONEY”, WITCH ONLY REPRESENTED AN “REAL ASSET”…IT WAS ABOUT THE “CRIMINAL ASSIGNMENT” OF IT’S VALUE BY THE BANKERS…FRACTIONAL RESERVE RING A BELL FOLKS???
ONLY, UNDERSTANDING THAT “SILVER” IS MUCH MORE VALUABLE THAN GOLD, WILL “WE SEE” WHY IT IS!
NOTE: SILVER PRESERVES “THE BODY” (HUMAN BEING IN FLESH)!
GOLD…THE “MIND OF A HUMAN BEING”!
WHO…ARE THE “CREATOR’S”….ONLY THEN WILL HUMANITY “ASCEND” ABOVE THE SO-CALLED KING’S….UNDERSTAND???
Between 1913 and 1921, Col. Edward Mandell House, who was the agent provocateur of the Rothschild, the head of the European Central Banks, was assigned to oversee President Woodrow Wilson and the Congress in the implementation of the central bankers’ plans.
“[Very] soon, every American will be required to register their biological property in a National system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will affect our security as a charge back for our fiat paper currency. Every American will be forced to register or suffer not being able to work and earn a living. They will be our Chattel and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions. Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two would figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor or to this fraud which we will call ‘Social Insurance‘.* Without realizing it, every American will insure us for any loss we may incur and in this manner; every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.”
How birth certificates were part and parcel of the enslavement of the people during the massive registration of property in the United States.
simonmercieca.com/2023/05/25/how-birth-certificates-were-part-and-parcel-of-the-enslavement-of-the-people-during-the-massive-registration-of-property-in-the-united-states/
BINGO
The book of James says, “Come weep and howl ye rich men of the earth for your miseries that shall come upon you; You have heaped up treasures for the last days. For your riches are corrupted and your garments are moth eaten and the rust of them shall be a witness against you.”
That reading sounds like a variant of the “Protocols.”
They don’t call it jewish confetti for no reason.
Judefetzen sounds better.
It gets even better; the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, derivatives have ‘super-priority’ in bankruptcy. (The BAPCPA actually protects the banks and derivative claimants rather than consumers; it was the same act that eliminated bankruptcy protection for students).
Derivative claimants don’t even need to go through the bankruptcy court but can simply nab the collateral from the bankrupt bank, leaving nothing for the other secured creditors (including state and local governments) or the banks’ unsecured creditors (including us, the depositors). And in this case the ‘bankrupt estate’ including all of our stocks, bonds, digitized securities, mortgages, and more.
They can take everything in one fell swoop, without even going to court.
>>>Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, derivatives have ‘super-priority’ in bankruptcy. (The BAPCPA actually protects the banks and derivative claimants rather than consumers….
Thanks for pointing these specifics out. For years I’ve had the working assumption that the US financial system is deeply corrupt, and should be avoided to the maximum possible/convenient extent, but I only became aware of those specific BAPCPA provisions a few months ago.
The concept that derivative bettors have priority claims on a distressed banks assets ABOVE those of the bank’s depositors was, to me, the final straw. I still have a small (IRA) brokerage account, but my direct exposure to the US banking system is on average no more than $2,000, for bill-paying. Seize that, you assholes….
The genius of the bankman is to live off people; not off land, nor off the production of commodities from raw material, but off people. Let other people till the soil; the bankman , if he can, will live off the tiller. Let other people toil at trades and manufacture; the bankman will exploit the fruits of their work. That is his peculiar genius. If this genius be described as parasitic, the term would seem to be justified by a certain fitness.
Henry Ford
(The International Bankman , November 13, 1920)
Only democrats-jackoffs and other low IQ sheepniggers keep large sums in a bank.
Quit playing along with their failing system and THINK out of the box !
Your sagacity precedes you, Fedbot. Tell us more about these niggers and democrats who have created this unsustainable economic system we all now languish under.
Fedbot coming from a copy-paste JACKOFF like you is really rich.
Do you have a life other than copy and paste.
Sucking niggercock doesnt count as a life either.
Everything is the fault of ” niggers” and ” democrats” and no other nefarious influences matters, right Fedbot….lol… Langley should award you the dumbass employee of the decade award .
In fact, “You are the money”
A few years ago I had access to a database of investors who use our birth certificate numbers as collateral for bonds, that is, when someone dies, the owner of the bond receives a large sum of money. We are the guarantee, did you know that?
I found in my name (birth certificate) more than 59 thousand titles in which “I am the guarantee”!
This is brutal. The children of these damn Satanists don’t go to war without a mercenary group to protect them or someone could blow their descendants’ brains out in a split second.
The System is a fraud in itself and cannot be sustained.
Fuck the system!
Banking is a big Con Game that only profits the Yids as a group, and little by little using their private yid banks they are enriching themselves and making that wealth their own ‘yid only’ monopolies and impoverishing the gentiles by stealing everything when the economy crashes, and they can buy it all up because the gentiles must sell, then they get power for their demonic god in Hell, and God loses souls because during wars, and depressions, people will abandon God just to get money. You can’t serve 2 masters. This world does not belong to the children of Satan, it was created only for the children of God by God only for us. But with banking and finance the yids as a pack of wolves have stolen it all from us, with our permission, just for some crumbs off their vast table of hoarded wealth. They chose to live separate and above all gentiles and the gentiles accept that because they are stupid and gullible, the yids profit off that weakness, they always have found gentiles to be extremely so stupid, weak and gullible, that they never see how much they are being scammed, conned and deceived by the yids. It is very sad. It is not enough to Know God. You must also recognize who His and our enemy is. It is not enough to evolve higher into more of the image and likeness of God, we must not accept the evil that is unacceptable to God at the same time. However, most people have stopped driving out the yids from their societies and now are paying the price for that mistake. It all was because of banking. When Britain allowed the Rothschild bankers into their nation it was a death sentence for the entire world. It was the worst thing to ever happen. Once you allow the Devil in, it’s like trying to get rid of cockroaches, they always come back and multiply. There is a way to get rid of them, and it is on its way here now. It is the Black sun, and it is Hell itself and it is coming for its own, the yids and all who serve, follow and worship the Antichrist yids those who have been contaminated by their evil ways, and are essentially just devolving backwards into Yids themselves: the greedy who love money: “No man can serve two masters. For either he will hate the one, and love the other: or he will sustain the one, and despise the other. You cannot serve God and mammon.” Matthew 6:24
It is time for the sheep and the goats to be separated, permanently, to save this earth.
This earth must be cleansed and purified of all evil, the party is over.
Henry Ford was a virulent antisemite. Gee I can’t fathom why, what with his hate for bankers.
and his love for Middle Eastern folks to man his factories. Any wonder why Dearborn is now such a hell hole?
The more I learn about international finance, the better I understand Adolph Hitler.
This is so true, saw a documentary about Hitler, it was true about the bankers
The greatest story never told is the name of it
“This slimy practice is known as fractional reserve banking—and it’s totally legal. However, that doesn’t change the fraudulent nature of the activity.”
https://www.investopedia.com/terms/s/statutory-reserves.asp
SURE he was totally by the BOOK! 🤣 Prolly used the VAST majority of the premiums as ‘Collateral’ for even/ever larger amounts. HOW MANY INVOLVED???
Warren Edward Buffett, Oracle of Omaha
Without FRB there would be no leverage. Without leverage a lot of people would have to actually work for a living. Need more have to be said?
You forget one thing. Money nowadaze is only their as a convenience. An agreed upon exchange. Fer instance, you can compare it to doughnuts.
Everybody loves doughnuts. The problem is anybody can make it and use it as money like GODvernment.
And who is to say it won’t be eaten along the way?
“Pull it!” Silverstein
Reprobate silver shall men men call them,
for the Lord hath rejected them. Jeremiah 6:30
The copies of gold and silver inflated
which after the theft were thrown into the lake
at the discovery that all is exhausted and dissipated by the debt
all scrips and bonds will be wiped out
Nostradamus C8 Q28
Gold and Silver are money…the world’s fiat shekels are blood currency.