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    Modern Corporate Banking is “Robbing You Blind” & Making You Poor

 "The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers are saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.”  Abraham Lincoln, assassinated president of the United States… http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/

Synopsis: A New Understanding of Life in a Decentralized Society without Fiat Money.

The world is changing at an exponential rate but as consumers, we unconsciously still live under “A Corporate Spell of Global Politics & Religions” in “Society’s Illusions of a Materialistic world” with a corrupt Monetary System. This is now being challenged with a “Consciousness-based Worldview,” awake to life’s challenges creating a new reality without “fiat money.” This research is a holistic view of life seeing a ten-year path to a greater reality beyond the veil of Money and the Consumer Society’s basic ignorance of how it controls all life. This philosophy is not theoretical, its Personal and “it is about You, the human being,” still alive wanting change and it is here if “You can grab it,” as it will set You free by 2028 if you start today. The world is experiencing a major shift away from Corporate Power to an Evolution of Conscious Life showing us how it is a process of evolution with everything connected to Nature. We learn here, through knowledge and education to create a new reality with universal consciousness and abundant energy in a “Unified Field Theory of Life” without the “limited Materialistic Spell of Money.” 
 This Book is separated into four parts detailing the significant aspects of “Corporate Banking,” “Public Banking,” “ a Sharing Economy with Blockchain Technology and finally how to use an “Evolution of Consciousness beyond Money. We go through this process by learning and understanding how locked in we are to a “Corporate Monetary System” that controls our ability to think independent of monetary concerns, have our own minds and be free to trade with each. We learn how we can create a currency system that is controlled by real human beings and not artificial persons. We learn about our ignorance of “Public Banking” and private Corporate Banking, that allows them to control all life on planet earth.” The first 3 sections focus on the 3 different levels of Banking: “Money as Debt [Corporate]” “Money as Wealth [Public],” and ultimately “We the People as Bankers” [within the next ten years]. This knowledge shows the huge differences in banking and our great potentials for a new life. In part 4, we present a “Unified Field Theory,” in an “Evolution of Conscious life beyond Money with intelligent answers to our financial bondage ending our 9 to 5 wage slavery eliminating the need for “fiat currency” in a decentralized, egalitarian, consensus democracy. 
The world is changing at an exponential rate but as consumers, we unconsciously still live under “A Corporate Spell of Global Politics & Religions” in “Society’s Illusions of a Materialistic world” with a corrupt Monetary System. This is now being challenged with a “Consciousness-based Worldview,” awake to life’s challenges creating a new reality without “fiat money.” This research is a holistic view of life seeing a ten-year path to a greater reality beyond the veil of Money and the Consumer Society’s basic ignorance of how it controls all life. This philosophy is not theoretical, its Personal and “it is about You, the human being,” still alive wanting change and it is here if “You can grab it,” as it will set You free by 2028 if you start today. The world is experiencing a major shift away from Corporate Power to an Evolution of Conscious Life showing us how it is a process of evolution with everything connected to Nature. We learn here, through knowledge and education to create a new reality with universal consciousness and abundant energy in a “Unified Field Theory of Life” without the “limited Materialistic Spell of Money.” 
 This Book is separated into four parts detailing the significant aspects of “Corporate Banking,” “Public Banking,” “ a Sharing Economy with Blockchain Technology and finally how to use an “Evolution of Consciousness beyond Money. We go through this process by learning and understanding how locked in we are to a “Corporate Monetary System” that controls our ability to think independent of monetary concerns, have our own minds and be free to trade with each. We learn how we can create a currency system that is controlled by real human beings and not artificial persons. We learn about our ignorance of “Public Banking” and private Corporate Banking, that allows them to control all life on planet earth.” The first 3 sections focus on the 3 different levels of Banking: “Money as Debt [Corporate]” “Money as Wealth [Public],” and ultimately “We the People as Bankers” [within the next ten years]. This knowledge shows the huge differences in banking and our great potentials for a new life. In part 4, we present a “Unified Field Theory,” in an “Evolution of Conscious life beyond Money with intelligent answers to our financial bondage ending our 9 to 5 wage slavery eliminating the need for “fiat currency” in a decentralized, egalitarian, consensus democracy. 
With this process of learning the facts of {a predatory} life, we learn to use critical intelligence in a focused Mind to create a better reality for all human beings.  It is about time people wake-up and learns the truth directly from “the bankers themselves”. 
First, watch this Video of a brilliant 12-year-old Canadian Girl speak on “the Peoples Bank of Canada” & the Corporate Corruption when the Prime Minister in 1974 gave away our right to Public Banking to Private Bankers that created Money as Debt. It is time for the voting public to take a stand when 12-year-old school girls know more about international Banking and finance than all the politicians of the world. 

The world is changing at an exponential rate but as consumers, we unconsciously still live under “A Corporate Spell of Global Politics & Religions” in “Society’s Illusions of a Materialistic world” with a corrupt Monetary System. This is now being challenged with a “Consciousness-based Worldview,” awake to life’s challenges creating a new reality without “fiat money.” This research is a holistic view of life seeing a ten-year path to a greater reality beyond the veil of Money and the Consumer Society’s basic ignorance of how it controls all life. This philosophy is not theoretical, its Personal and “it is about You, the human being,” still alive wanting change and it is here if “You can grab it,” as it will set You free by 2028 if you start today. The world is experiencing a major shift away from Corporate Power to an Evolution of Conscious Life showing us how it is a process of evolution with everything connected to Nature. We learn here, through knowledge and education to create a new reality with universal consciousness and abundant energy in a “Unified Field Theory of Life” without the “limited Materialistic Spell of Money.”

 This Book is separated into four parts detailing the significant aspects of “Corporate Banking,” “Public Banking,” “ a Sharing Economy with Blockchain Technology and finally how to use an “Evolution of Consciousness beyond Money. We go through this process by learning and understanding how locked in we are to a “Corporate Monetary System” that controls our ability to think independent of monetary concerns, have our own minds and be free to trade with each. We learn how we can create a currency system that is controlled by real human beings and not artificial persons. We learn about our ignorance of “Public Banking” and private Corporate Banking, that allows them to control all life on planet earth.” The first 3 sections focus on the 3 different levels of Banking: “Money as Debt [Corporate]” “Money as Wealth [Public],” and ultimately “We the People as Bankers” [within the next ten years]. This knowledge shows the huge differences in banking and our great potentials for a new life. In part 4, we present a “Unified Field Theory,” in an “Evolution of Conscious life beyond Money with intelligent answers to our financial bondage ending our 9 to 5 wage slavery eliminating the need for “fiat currency” in a decentralized, egalitarian, consensus democracy.

With this process of learning the facts of {a predatory} life, we learn to use critical intelligence in a focused Mind to create a better reality for all human beings.  It is about time people wake-up and learns the truth directly from “the bankers themselves”.

First, watch this Video of a brilliant 12-year-old Canadian Girl speak on “the Peoples Bank of Canada” & the Corporate Corruption when the Prime Minister in 1974 gave away our right to Public Banking to Private Bankers that created Money as Debt. It is time for the voting public to take a stand when 12-year-old school girls know more about international Banking and finance than all the politicians of the world. 
 
This is a excerpt from the 327 page New Book,  Robbing You Blind, How Modern Corporate Banking is Making Money Out of Nothing, “Robbing You Blind,” & Making You Poor! Modern Corporate Banking is Making Money Out of Nothing “Robbing You Blind” & Making You Poor!  Learn How to Become your own Banker in a Decentralized Society using A Unified Field Theory of Life. You can find it in the Bookstore.
Learn How to Become your own Banker in a Decentralized Society using A Unified Field Theory of Life. 

  An introduction: The How’s &  Why’s to… “Robbing You Blind”

“Once a nation parts with the control of its currency and credit, it matters not who makes the nation's laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile."   Prime Minister William Lyon Mackenzie King in 1935. 

In this report are the documented words from the some of the most brilliant minds that are trying to get you to see the light, geniuses are trying to set You {the people} free with new technology. Moreover, some trying to wake you up are the most powerful, dangerous people in the world that control “ we the people’s” hard-earned money.  

This report uncovers the true nature of International Banking, Credit & Commerce and explains thoroughly how “The Worlds Privately Owned Corporate Banks make money out of Nothing” and Control all Governments worldwide. These Private Banking Corporations are none-other-than, the World Bank & the I.M.F. in Europe and the Federal Reserve Bank in America. We must understand that they are "Not globally funded Public Institutions," however, are Private Corporations in business for a profit to Make Money, “Robbing You Blind”. The simple fact is: Wall Street & Private Bankers are behind these institutions [the top 1%].  

The research is an appeal to “all Conscious Human Beings, Home Owners and the Voting Public, to Wake-up and open your eyes: As far as I know, this has never been done before... "Teaching the voting public” the truth about banking, business & politicians with “Real Concepts of Money,” in depth with great clarity, re-defining International Banking. People globally can now learn how the Corporate System is designed to “Steal Your Money” through Usury, corrupting greedy politicians in the last 40 years in Canada and during the previous 300 years in the world with the 1st Private Bank charging people and Governments interest since 1694.

Note: Interest is legalized USURY; if it is done in MODERATION, Governmental decrees fix the maximum interest rates and anything above that is considered USURY. That is like a governmental decree that makes stealing legal if it is done in MODERATION and then calling it borrowing or acquiring or some less offensive term.  "When money is lent on a contract to receive not only the principal sum again, but also an increase by way of compensation for the use, the increase is called interest by those who think it lawful, and usury by those who do not" (Blackstone's Commentaries on the Laws of England, p. 1336).

So, in the 21st century, it is still hard to believe, with what we do know in Science and technology, that “Ignorant Sheeple” still know absolutely nothing about Money or how it controls their lives. Consumers have no idea that “Private Corporate Banks” really control most governments and are the ones stealing their money through high-interest rates on mortgages. As it stands all governments, give away their sovereignty, the “control of their hard-earned currency, coin, and credit” of their country to “Privately Controlled Corporate Central Banks”.

Part 1: Money as Wealth: Like in America, Canada is “a country of the people” by the people and for the people, as they took their ideas, their dreams and their time to create great wealth by electing a “Prime Minister for the people. Their Prime Minister, William Lyon Mackenzie King, understood this in 1935 creating “the publicly owned Bank Of Canada” by changing the Banking Laws of Canada making the Bank of Canada into a Public Bank in 1938, spending “Interest-Free” money into the economy on the three levels of Government… for 38 years.

This understanding of currency is a process where “the Government now controls the issue of currency and credit and prints its own money” and gives credit to its people for mortgages and in a small business then lends money to its provinces and communities for infrastructure purposes… interest-free. The Country prospered for 38 years, and hardworking people saved much money – until "The Trudeau Initiative of 1974",  changed the rules, and went to work for the International Monetary Fund & The Federal Reserve Bank  in America. Now taxpayers borrow their money at high-interest rates when our people’s “Bank of Canada was Free to the Canadian People” from 1935” to 1974. Now, these facts have been known for almost 140 years going back to James A. Garfield who said,

 “Whoever controls the volume of money in our country is absolute master of all industry and commerce... and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” James A. Garfield, Another - assassinated president of the United States… {Shot in 1881, after attacking political corruption}. 

The basic concept of money is one where people work together and pool their resources and create a governing body to help manage those resources to build wealth in a country. “This essence of Money is People working together” as a collective in a union of ideals pooling their resources to create a great life in a prosperous country. Wealth is what they did with their ideas, their dreams and their time to create a wealthy country.

Voting is what they did to keep the Corporate Wolves at bay, out of the political parties and not allowed to run for political office keeping the wealth in the hand of the people. However, we have failed miserably over the last 40 years to do just that by electing thieves {like Trudeau 1st, Harper} to stealing the wealth of the people and make them slaves. This conspiracy is the Trudeau Initiative of 1974, working with Private corporate banks like the IMF stealing the publicly-funded Bank of Canada and all the wealth from the people.

We are ready to build a better way forward for conscious, intelligent people. Knowledge is power and studying this philosophy over time will make “the people” an expert on Banking, Commerce and Credit and very powerful. “The people” will be better educated than any Finance minister or corporate banker: As Fortune favours the brave of heart willing to stare down the inevitable monetary death of our current “Fiat Banking System” and learn the “Truth about Money, Credit and Commerce.”

Part 2: Money as Debt: The second type of money comes from “Private controlled Corporate Banking,” money from Central Banking Systems like the IMF and the Federal Reserve in America that controls “the World Bank”. This was first created in 1694 with the Bank of England, a private Bank and it was the 1st to create money out of nothing, now using Fractional Reserve banking {it is backed by nothing tangible}.

With Private Banking, money is only lent out to common people, small businesses, and governments around the world at great interest rates creating Debt. “The destruction of the Publicly Owned Bank of Canada” was created by "The Trudeau Initiative of 1974“to stop using the Publicly Owned Bank of Canada’s interest-free money that is the wealth of the people of Canada and us “Private controlled Corporate Banking,” money from Central Banking Systems like the IMF and the Federal Reserve in America. One series, which seems to effortlessly to cut through the nonsense and turn the complexity into a simple exercise of common sense and logic is Paul Grignon’s Video series, Money as Debt.

This is A Plea to Wake-up - Right from the Horse’s Mouth: the Private Bank of England {1928}.

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 iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the 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, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit’.” Sir Josiah Stamp Director, Bank of England 1928-1941 [a Private Bank since 1694] (Josiah Stamp reputed to be the 2nd richest man in Britain at the time)… http://en.wikipedia.org/wiki/Josiah_Stamp,_1st_Baron_Stamp... http://members.shaw.ca/theultimatescam/index.htm

Part 3: Digital Currency is of our third banking option in our book; learning to use “The new People Powered Blockchain Technology” that is powering the rise of Bitcoin, a cryptocurrency that is an independent, decentralized, currency with nobody controlling or owning it. This new understanding is where conscious human beings learn a new game of business; and how can become their Banker and Master of Business competing on the world stage. Now, this is bad news for all Corporate banking-controlled Governments who do not have free societies. This Video on Digital Currencies is a brief illustration of how modern technology could implement a self-correcting self-issued credit system, from moneyasdebt.net.

The bottom line here is, if you have a bank account with substantial money in it, You are now, technically and legally, an investor in the bank and Not a depositor, tax-payer or borrower with the advent of “the new (2016) bail-in Law in Canada”.  Turn to page 31 for details.

Therefore, you may want to learn about digital currencies and store a 10% nest-egg in it, safely off-line in a bitcoin safe, for a rainy day. This is important to note because this new cryptocurrency is free to travel anywhere in the world for anyone to use “all a human beings’ needs is a Smartphone and access to the internet,” and they can buy cryptocurrency. The smartphone is the Bank and they are their Banker allowing any human being to buy, sell and trade anywhere in the world without being controlled, sanctioned or manipulated… just like the billionaires that controlled your daily life, before the crash.       

Tech entrepreneur and mathematician Charles Hoskinson says Bitcoin-related technology is about to revolutionize property rights, banking, remote education, private law and crowd-funding for the developing world. Charles Hoskinson is Chief Executive Officer at Thanatos Holdings, Director at The Bitcoin Education Project, and President at the Hoskinson Content Group LLC. Charles is a Colorado based technology entrepreneur and mathematician.  This talk was given at a local TEDx event. | Charles Hoskinson | TEDxBermuda. Published on Dec 4, 2014. Video: The future will be decentralized….                 

Chapter 1: The 3 Types of Money – Let’s Learn a little History…

“The true danger is when liberty is nibbled away, for expedients, and by parts… The only thing necessary for evil to triumph is for good men to do nothing.” Edmund Burke: Anglo-Irish statesman, author, orator, political theorist, and philosopher, 1797.

Let us take a closer look at our ignorance of the nature of coin, credit, and circulation and the manipulation of the dark side of our dualistic personality, programmed by society with a secret passion for Money over everything else in the world {Love, family, friends, life}.

There are 3  types of money, two main categories that we have used for centuries circulating in the world. One is “Money as Wealth,” and the other is “Money as Debt” and the 3rd and last one created in 2009, is “Digital Money as Technology.” The Blockchain that will redefine our personal freedom with money and life.

# 1: The Peoples Bank - Money as Wealth

The first comes from “A Government of the people” that controls the amount of money created that “is spent out” from a Public Bank owned by the people into society to create and build new infrastructure in the community and in the country. The Public Bank is interest-free money spent to manage social programs, to build infrastructure in its cities and buy homes, to set a minimum wage and create jobs. At this State of Creation… “Money is wealth” as it circulates throughout the economy of the country being spent at all 3 levels of government. This wealth of the nation is used up in the local, provincial, and Federal economies living life and growing families to stabilize the economy of the country and create wealth in the people of this country in an unstable, dangerous world. This actually happened in Canada from 1938 to 1974.

The People’s Lawyer, Rocco Galati, Takes the “Harper Government” to Court in 2015 – Globe & Mail.

John Kenneth Galbraith, Economist, the study of {fiat} money, above all other fields is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple that the mind is repelled… from his Book, “Money, Whence it Came, Where it went,” 1975.    

Rocco Galati has a reputation for winning unlikely lawsuits. These are dangerous people with extensive knowledge of the financial and monetary system that Galati is fighting.  The Globe and Mail’s justice writer Sean Fine once called Galati Canada’s “unofficial opposition” for his propensity to have the government’s edicts tossed out in court. One recent high-profile win saw Galati block the Conservative’s appointment of Justice Marc Nadon to the Supreme Court with a suit he won in March last year.

The Committee on Monetary and Economic Reform (COMER) alleges that: the Bank of Canada, the Queen, the Attorney General, the Prime Minister, the finance minister, and minister of national revenue are engaging in a conspiracy. This  conspiracy is with the International Monetary Fund (IMF), the Financial Stability Board (FSB), and the Bank for International Settlements (BIS) to undermine Canada’s financial and monetary sovereignty. COMER is going to have its day in federal court. No major media have covered this story. That could be because of the powerful vested interests the suit targets, manipulates the world’s economy and our own “Economist - Prime Minister,” Steven Harper supports them {the (IMF), (FSB), (BIS)} 100%.

 The Committee on Monetary and Economic Reform (COMER) and its fellow plaintiffs Ann Emmett and William Krehm with their lawyer Rocco Galati, the lawyer trying the case are suing over fundamental changes to the Bank of Canada’s role that were made in 1974. The bank stopped making loans to the government. COMER alleges that by no longer providing these loans, the Bank and others named in the suit have forced the government to finance budget deficits by borrowing from private markets {The Federal Reserve & the IMF.} and paying hundreds of billions of dollars in interest. Last year, $28 billion—over 10 percent of the federal government’s $277 billion in expenditures—went to servicing the debt. That’s more than what was spent on National Defense ($21.5 billion) and nearly as much as the Canada health transfer ($30.5 billion).

The Toronto-based COMER {a civil rights group} have for years – decades, been trying to get people to pay attention to what is by far the biggest, most outrageous fraud ever perpetrated on the Canadian people.  Ann Emmett is speaking here of the fact that instead of the Canadian government borrowing money from its own bank, the people’s bank – the Bank of Canada – as it had, up-till 1974. It has chosen instead to borrow exclusively from private international and domestic financial institutions providing them with enormous, {illegal} risk-free profits for almost four decades.

The result, according to economist Ellen Brown: "By 2012, the Conservative and Liberal governments had paid Canadian $1 trillion in interest since 1974 ­twice its national debt. Interest on the debt is now “The Harper Government's” single largest budget expenditure ­­ larger than health care, senior entitlements or national defence." While some of that interest was paid to holders of Canada Savings Bonds, the clear majority was paid to private lenders.

 In the early 1990s, at the height of the media's deficit hysteria and rhetorical nonsense about hitting a "debt wall," 91 percent of the $423 billion debt was due to interest charges. Our real debt ­­ revenue minus expenditures ­was just $37 billion. This shows that the Liberal and Conservative Parties do not represent the Canadian People but “Private Corporate Banking Interests.” Former Canadian Cabinet Minister Paul Hellyer calls this Treason against the people, and we wonder why we as Canadians have paid such high federal taxes in the last 40 years.

Galati predicted the government would try to delay the suit, but it went ahead, he said the facts will be borne out. “A lot of the facts are not in dispute, believe it or not. They just did not want this case heard.” Rocco Galati plans to call the {BoC} governor, the finance minister, and others to testify if the case goes ahead. The last scheduled hearing for the case was October 30, 2015, 2 weeks after the Federal election. Harper lost severely, and Galati won his case in the Supreme Court of Canada. The argument goes ahead Now, with a new Prime minister, a new Finance Minister and a new Governor General.

For Galati’s case to succeed, “You, The People” must wake-up to the fact that you are the Bankers {collectively} of the Bank of Canada. This is because “the People of Canada own the Bank” not the Government or their handlers… the private bankers {that are paying them} that are “Robbing You Blind.” The People must tell their representatives that they want the Bank of Canada to be reinstated or “they will Vote in new Representatives” for their party and a new Prime minister that will do their bidding and not commit Treason anymore. The people must demand that the people in power today be charged with treason if this does not happen. A referendum on this issue will get an immediate response.

This is a excerpt from the 327 page New Book,  Robbing You Blind, How Modern Corporate Banking is Making Money Out of Nothing, “Robbing You Blind,” & Making You Poor! Modern Corporate Banking is Making Money Out of Nothing “Robbing You Blind” & Making You Poor!  Learn How to Become your own Banker in a Decentralized Society using A Unified Field Theory of Life. You can find it in the Bookstore.

  The Public Bank of North Dakota – the Only one left in North America  

Now let’s look at the last remaining public bank in North America. North Dakota is the only state that has established a publicly owned central bank.   Founded in 1919, the Bank of North Dakota’s mission is to “promote agriculture, commerce, and industry” and “be helpful to and assist in the development of financial institutions within the State.”

BND functions mainly as a “banker’s bank” — meaning that most of its lending is done in partnership with local banks and credit unions.  About half of the bank’s $3.9 billion loan portfolio consists of business and agricultural loans that are originated by a local financial institution and funded in part by BND.  By participating in these loans, BND expands the lending capacity of North Dakota’s community banks, giving them added strength in competing against big out-of-state banks.

The remainder of BND’s loan portfolio consists of residential mortgages and student loans.  In keeping with its mission to support, rather than compete with, local banks, BND does not make home loans directly.  Instead, it provides a secondary market, buying up mortgages originated by the state’s local banks and credit unions.

Student loans are the only part of the bank’s lending in which it works directly with borrowers.  At a time when many students leave college burdened by high-interest rate loans, BND offers some of the lowest student loan rates in the country.

Thanks in large part to BND, community banks are much more numerous and robust in North Dakota than in other states.  North Dakota has more banks and credit unions per capita than any other state.  In fact, it has nearly six times as many local financial institutions per person as the country overall.  While locally owned small and mid-sized banks and credit unions (those under $10 billion in assets) account for only 29 percent of deposits nationally (see this graph), in North Dakota they have a remarkable 83 percent of the market.

By helping to sustain many local banks and credit unions, BND has strengthened North Dakota’s economy, enabled small businesses and farms grow, and spurred job creation in the state. Over the last 21 years, BND has generated almost $1 billion in profit.  Nearly $400 million of that, or about $3,300 per household, has been transferred into the state’s general fund, providing support for education and other public services, while reducing the tax burden on residents and businesses.

History and Structure

Desperately poor and tired of being at the mercy of out-of-state economic powers, North Dakota’s farmers launched the Nonpartisan League in 1915.  This political party united progressives, reformers, and radicals behind a platform that called for returning control of the state’s economy to its people.  At the time, farmers were utterly dependent on out-of-state grain milling companies, national railroads, and Minneapolis banks, all of which had been gouging farmers.

In the 1918 elections, the League won both houses of the legislature.  One of the first bills these new lawmakers passed created a publicly owned grain mill, the North Dakota Mill and Elevator, and a publicly owned bank, the Bank of North Dakota (BND).

BND is governed by the state’s Industrial Commission, consisting of the governor, attorney general, and the commissioner of agriculture, all elected officials. The commission, in effect, serves as the bank’s board of directors.  The bank also has a seven-member advisory board, which is appointed by the Governor and consists of people with expertise in banking, including representatives of community banks.

The primary deposit base of the BND is the State of North Dakota.  All state funds and funds of state agencies (excluding pension funds and trusts managed by the state) are deposited with the bank.  The bank pays a competitive interest rate that is generally at about the midpoint of rates paid by other banks in the state.

Individuals may also open accounts at the bank, but BND does not market these services and does not have ATMs, branch offices, and other standard features common to retail banks.  This is in keeping with the bank’s mission to support local banks, rather than compete with them. In contrast to most commercial banks, BND is not a member of the Federal Depository Insurance Corporation.  Its deposits are instead guaranteed by the state of North Dakota.

Capitalizing the Local Economy

The core mission of the Bank of North Dakota is to cultivate the state’s economy by supporting local banks and credit unions.  The more these community-based financial institutions flourish, the thinking goes, the more capacity they have for financing new and growing businesses.  BND works with almost all the state’s 89 local banks and many of its credit unions. One of the main ways BND fulfills this mission is through its lending.  The bank’s $3.9 billion loan portfolio has four main components: business, farm, residential, and student loans. Its business and farm loans, which comprise half of its lending, are almost exclusively “participation” loans.  These loans are originated by local banks and credit unions, but BND provides part of the funds. In doing so, BND expands the lending capacity of the state’s local financial system.  At the end of 2014, BND had almost $2 billion in participation loans in its portfolio, an amount equal to 10 percent of the total value of loans outstanding on the books of the state’s small and mid-sized community banks and credit unions.  This partnership helps local banks compete is by enabling them to make more massive loans than they could on their own.  As their business customers grow and require larger investments, North Dakota’s local banks, with the support of BND, can continue to meet their needs, rather than lose these borrowers to large out-of-state banks.

Another segment of BND’s portfolio is comprised of mortgages.  About 20 years ago, the bank began buying home loans made by local banks and credit unions.  At the time, local banks were looking for an alternative to the conventional secondary mortgage market.  They no longer wanted to sell their home loans to Wells Fargo and other large banks, a practice that was giving their biggest competitors a steady stream of new customers.  BND stepped in and offered to purchase their mortgages instead.  This gave local banks a way to move loans off their books, thus freeing them up to make new loans, but without handing the business to their competitors.

This arrangement also benefits borrowers.  First, BND services the mortgages it buys, ensuring that North Dakota homeowners continue to have in-state servicing for their loans.  Second, it ensures that the mortgage interest homeowners pay each month stays in the state rather than flowing to Wall Street.  In 2010, BND purchased about 7 percent of the home loans originated in the state.  It currently holds about $650 million in residential mortgages. Between BND’s mortgages and those owned by local banks and credit unions, roughly 20-25 percent of the state’s mortgage debt is owned and serviced within North Dakota.

The final component of BND’s loan portfolio consists of student loans.  This is the only area of lending in which the bank works directly with borrowers.  BND offers loans to state residents enrolled in schools located anywhere, as well as to out-of-state residents attending schools in North Dakota or any adjacent state. Its interest rates are widely regarded as some of the lowest in the country.  In early 2015, the bank’s rates were about 2 percent for a variable-rate loan and 5 percent for a fixed-rate — substantially lower than the 10-15 percent rates typical of private student loans.  In April 2014, the bank launched a new program that allows residents to consolidate their student loan debt.  By the end of the year, the bank had refinanced over $100 million in student loans, saving borrowers money by cutting their interest payments.

Backing Community Banks and Credit Unions

BND supports the state’s financial institutions in other ways as well.  One of its explicit goals is to expand local ownership of banks and increase their capitalization.  To this end, the bank has a bank stock loan program, which provides loans for financing the purchase of bank stock by North Dakota Residents.  In 2008, for example, BND provided a loan to help the employees of Ramsey National Bank & Trust in Devil’s Lake, North Dakota, gain a controlling interest in the bank. Ensuring that this institution, which was founded in 1892 and has about $200 million in assets, would continue to be owned locally.

BND functions as a kind of mini-Federal Reserve.  It clears checks for both banks and credit unions, provides coin and currency, and maintains an Automated Clearing House system that allows local banks to offer direct deposit and automated payment services to their customers.  Its Federal Funds program assists local banks with short-term liquidity needs and has a daily volume of over $300 million.

The state bank also enables North Dakota’s local banks to take deposits and manage funds for municipal and county governments.  This is rare in other states, because banks must meet fairly onerous collateral requirements in order to accept public deposits.  This can make taking public funds costlier than it’s worth.  But in North Dakota, those collateral requirements are waived by a letter of credit from BND. This gives local banks an additional source of deposits and benefits residents by ensuring that their city and county funds are held locally rather than turned over to distant Wall Street banks.

In tough economic times, BND helps stabilize North Dakota’s banking system.  During the aftermath of the recent financial meltdown, as community banks in other states struggled to retain sufficient capital levels as many of the loans on their books went unpaid — a balance-sheet crisis that caused a staggering number to fail — North Dakota’s banks turned to BND.  The state bank helped them increase their capital ratios by buying loans on their books and infusing them with new equity investment through its bank stock loan program.

Federal data show that North Dakota’s local banks are healthier than their peers.  They are more efficient, devote more of their resources to productive lending, and earn better returns on their assets than community banks nationally.

Impact of the Bank of North Dakota

BND has helped North Dakota maintain a local banking sector that is markedly more robust than that of other states.  North Dakota has more local banks (relative to population) than any other state.  Over the last ten years, the amount of lending per capita by small community banks (those under $1 billion in assets) in North Dakota has averaged about $12,000, compared to $9,000 in South Dakota and $3,000 nationally.  The gap is even higher for small business lending.  North Dakota community banks averaged 49 percent more lending for small businesses over the last decade than those in South Dakota and 434 percent more than the national average. (To see graphs of these measures and others, go here.)

Not only are community banks more numerous and more active in North Dakota, but there is some indication that the Bank of North Dakota has enabled them to maintain a higher average loan-to-asset ratio — meaning they are able to devote more of their assets to economically productive lending, rather than safer holdings like U.S. government securities.  North Dakota’s community banks have generally maintained a higher average loan-to-asset ratio than their counterparts in four neighbouring states and nationwide.  That ratio also declined much less steeply during the recession.

Expanding Economic Opportunity

By and large, BND is run on a for-profit basis.  The bank evaluates loan opportunities according to how likely they are to be repaid and provide a return for BND.  As the bank’s president and chief executive, Eric Hardmeyer, said in an interview with American Banker magazine, “If you are going to have a state-owned bank, you have to staff it with bankers.  If you staff it with economic developers you are going to have a very short-lived, very expensive experiment. Economic developers have never seen a deal they didn’t like. We deal with that every day.”

BND does forego some profit, however, in order to further economic development in the state.  The bank offers several programs that accept higher levels of risk or lower returns on certain kinds of loans.  Through its PACE Fund (“Partnership in Assisting Community Expansion”), for example, BND buys down the interest rate by 1-5 percent for some job-creating business loans.  In 2009, this program saved business borrowers $3.5 million in interest payments.  BND makes about 50 of these loans a year (all in partnership with a community bank and a local economic development entity) and currently has about 300 outstanding, valued at $50 million.  BND operates a similar program for farmers called Ag PACE.

BND also has a Business Development Loan Program, which enables new and existing businesses to obtain loans that have a higher degree of risk than would typically be acceptable to a lending institution. This is while its Beginning Entrepreneur Loan Guarantee Program guarantees 85 percent of a loan of up to $100,000 made by a local bank to a start-up entrepreneur.

Profitability and Returns for the State

At the of end of 2014, the Bank of North Dakota had $652 million in capital and $7.2 billion in assets.  The bank has grown substantially over the last two decades.  Its assets have expanded sevenfold, and its net income, or profit, rose from $22 million in 1995 to $111 million in 2014.

Although BND has foregone some profit in order to expand credit and lower the cost of loans for borrowers in North Dakota, the bank still earns a very healthy return on its assets.  BND’s ROA, or return-on-assets, a standard measure of bank performance, was 1.54 percent in 2014, compared to an average ROA of 1.01 percent for all banks nationwide. Part of the bank’s profits are used to expand its capital base, which in turn enables it to make more loans.  The rest are paid into the state government’s general fund, reducing the amount of tax revenue the state needs to collect.  How much of each year’s earnings are transferred to the state is determined through negotiations between the legislature and the bank’s Governing Board.  Over the last 20 years, BND has made $385 million in payments to the general fund.  That works out to about $3,300 per family — meaning North Dakota households received $3,300 more in public services than they had to pay for through taxes.

BND provides other direct financial benefits to the state.  It can borrow at the Federal Reserve’s discount window, for example, and lend directly to local governments at lower rates than the municipal bond market provides. BND can also provide emergency financing that would otherwise have to be shouldered solely by state and local government.  When the Red River valley underwent massive flooding in 1997, BND quickly established a $25 million line of credit for the City of Grand Forks, $12 million for the University of North Dakota in Grand Forks, and $25 million for state emergency management.  It also set up a disaster relief loan program for families and businesses.  Partly as result of this support, the Grand Forks economy recovered much more quickly than its sister city of East Grand Forks just across the river in Minnesota.

About the Author - Stacy Mitchell: she is co-director of the Institute for Local Self-Reliance, and directs its Independent Business Initiative, which partners with a wide range of allies to implement policies that counter concentrated power and strengthen local economies.

# 2. Corporate Banking – Money as Debt

The Second type of money [Money as Debt] comes from “Private, controlled Corporate Banking,” money from Central Banking Systems like the IMF and the Federal Reserve in America that controls “the World Bank.” This was first created in 1694 with the Bank of England, a private Bank and it was the 1st to create money out of nothing.   Here is a ‘Money is Debt video”.  

What we really need to know is this:

Crony capitalism: The people need to understand the difference between free-market capitalism and the new Trumpian crony capitalism on the rises. The distinction between the two is quite clear rather than bogus. Crony capitalism and free-market capitalism have been in constant struggle throughout the history of the American economy. Crony capitalism has risen significantly in the past 50 years since the inception of lobbying. Crony capitalism is essentially “friendly or soft fascism,” the only difference there is no dictatorship. Sure, some corporations are mischievous and rapacious but only with the help of government. Governments around the world help and assist corporations to gain the edge in the marketplace through cronyism with {Republican 2008 – 2018} bailouts, subsidies, taxes, regulations and tariffs. Everything involving cronyism can be traced to the insatiable desire of the [Corporate Republican] state to gain and hold power, and big business understands this, so they collude with government by all the methods to gain an advantage in the marketplace. This is basically the destruction of the “Constitutional Republic of We the People” in the works for over 100 years. Corporations can’t force you to buy any product unless government is involved [and this is by far the role of the Republican party in America over the last 50 years filled with Millionaires and Billionaires now controlling the Presidency, the Congress and the Senate… giving you Friendly Fascism].

Corporatism Is Not Capitalism: Right now, there is a lot of talk about the evils of “capitalism.”  But it is not accurate to say that we live in a capitalist system.  Rather, what we have in the United States today, and what most of the world is living under, is much more accurately described as “corporatism.”  Under corporatism, most of the wealth and power are concentrated in the hands of giant corporations and big government is used as a tool by these corporations to consolidate wealth and power even further. 

Corporatism is not too different from socialism or communism.  They are all “collectivist” economic systems.  Under corporatism, wealth and power are even more highly concentrated than they are under socialism or communism, and the truth is that none of them are “egalitarian” economic systems.  Under all collectivist systems, a small elite almost always enjoys most of the benefits while most of the rest of the population suffers. Corporations not only completely dominate the U.S. economy, but they also completely dominate the global economy as well.  A newly released University of Zurich study examined more than 43,000 major multinational corporations.  The study discovered a vast web of interlocking ownerships that is controlled by a “core” of 1,318 giant corporations. However, that “core” itself is controlled by a “super-entity” of 147 monolithic corporations that are very, very tightly knit.  As a recent article in New Scientist noted, these 147 corporations control approximately 40 percent of all the wealth in the entire network. Unsurprisingly, the “super-entity” of 147 corporations are dominated by international banks and large financial institutions.  For example, JP Morgan Chase, Goldman Sachs, Morgan Stanley and Bank of America are all in the top 25.

Who owns the Global Media: The six corporations that collectively control U.S. media today are Time Warner, Walt Disney, Viacom, Rupert Murdoch’s News Corp., CBS Corporation and NBC Universal.  Together, the “big six” absolutely dominate news and entertainment in the United States.  Now, most Americans begin to feel physically uncomfortable if they go too long without watching or listening to something.  Sadly, most Americans have become addicted to news and entertainment, and the ownership of all that news and entertainment that we crave is being concentrated in fewer and fewer hands each year.  However, it is the “big six” that are the most significant concerns. These gigantic media corporations do not exist, to tell the truth to the American people objectively. Instead, the primary purpose of their existence is to make money for their Shareholder.  They are not going to do anything to threaten their relationships with their most prominent advertisers and one way or another they are always going to express the ideological viewpoints of their owners (such as the most significant pharmaceutical companies that spend billions on advertising).

Corporate Central Banks: Big corporations completely dominate our financial system.  Yes, there are hundreds of choices in the financial world, but just a handful control the vast majority of the assets. Back in 2002, the top 10 banks controlled 55 percent of all U.S. banking assets.  Today, the top 10 banks control 77 percent of all U.S. banking assets. The “too big to fail” banks keep getting more and more powerful.  For example, the “big six” U.S. banks (Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo) now possess assets equivalent to approximately 60 percent of America’s gross national product. Controlled by Corporate Central Banks [like the Federal Reserve & the IMF], Money is created out-of-no-thing” but by the promise of people and its governments to pay it back. This creates massive debts in the people over time and eventually wars with neighbouring countries that stimulate more borrowing and more debt, making sure all sides buy enough weapons to protect themselves from each other. Central Banks control the debts of all Governments around the world with their parent corporations managing the production of weapons through more debt-based loans for wars.

The Federal Reserve Bank: 100 Years of “Financial Terrorism”

December 23, 1913 will live in infamy. Three days before Christmas, House members passed the Federal Reserve Act (FSA).  On December 23, Senate members did so. President Woodrow Wilson was a tool of big money. He was JP Morgan’s man in Washington. He signed FSA into law straight away. So, did Congress. It passed FSA in the middle of the night. Most congressional members had not read it.

In 1910, seven powerful figures met secretly. They did so on Jekyll Island. Nelson Aldrich and Frank Valderclip represented Rockefeller financial interests. Charles Norton and Benjamin Strong represented JP Morgan. Paul Warburg represented Rothschild family interests. No one represented popular ones. Rockefeller/Morgan/Rothschild representatives planned the Federal Reserve System. Three years later, it became the law of the land.

Congress acted unconstitutionally. So, did Wilson signing FSA into law. Doing so violated the Constitution’s Article I, Section 8. It affords Congress sole power to coin (create) money and regulate the value thereof. In 1935, the Supreme Court ruled Congress cannot constitutionally delegate its authority to another body or group. Congress and Wilson defrauded the public. They did so by granting Wall Street money creation power. They gave powerful bankers absolute monetary control. US and world economies changed. They did so for the worst.

Congress would not have understood it anyway, as was cleverly worded to deceive them. Only its creators knew its purpose. Ellen Brown explained what happened as follows: “In plain English, the Federal Reserve Act authorized a private central bank to create money out of nothing, lend it to the government at interest, and control the nation’s money supply, expanding or contracting it at will.”  Weeks before FSA was enacted, the 1913 Revenue Act became law. It imposed a federal income tax. It did so to pay bankers interest on America’s money. It let taxpayers do it.

The Federal Reserve is not federal. It has no reserves. It is one of four dominant central banks. Others include the Bank of England, ECB, and Bank of Japan. The Basel, Switzerland-based Bank of International Settlements (BIS) functions as a central bank for central bankers. It is an unaccountable boss of bosses. It is final solution plan calls for establishing a global currency it controls. Achieving it assures ultimate money power. Their tactics include lowering or raising capital requirements. Doing so permits greater or lesser amounts of lending. Economist Henry CK Liu said Basel Accords force national banking systems “to march to the same tune. (They) serve the needs of highly sophisticated global financial markets.” It is done “regardless of the development needs of their national economies.” Ellen Brown calls its headquarters the “tower of Basel.” It has been “scandal-ridden” from inception. It is called “the most exclusive, secretive, and powerful supranational club in the world.” It is run by a handful of powerful private central banks. They can make or break world economies.

 A century of Fed power was hugely destructive. America lurched from one crisis to another. A 1913 dollar is not worth a plug nickel today. Artificially manipulated inflation eroded its value. Fed policy caused booms, busts, inflation, deflation, instability, crises, and today’s protracted Main Street Depression. Growing poverty, unemployment, underemployment, homelessness, hunger and human misery reflect it. Money power in private hands is responsible for economic instability;

                   wrecking world economies for profit;

    • waging wars for it;
    • rising consumer debt;
    • record budget and trade deficits;
    • an out-of-control national debt;
    • record numbers of business and personal bankruptcies;
    • millions of home foreclosures;
    • loss of America’s manufacturing base; and
    • an unprecedented wealth gap between America’s privileged class and all others.

 Allegedly, the Fed was established to stabilize the economy, smooth out the business cycle, maintain healthy sustainable growth, create price stability, control inflation, and work for the betterment of everyone. It did not turn out this way. Fed policy is polar opposite. It spurned its mandate. Wall Street control prioritizes self-interest. The 1978 Full Employment and Balanced Growth Act (aka Humphrey-Hawkins Full Employment Act) was enacted to fulfill the 1946 Employment Act’s mandate. Doing so requires pursuing “maximum employment, production, purchasing power,” price stability, and balanced trade cooperatively with private enterprise.

It let Wall Street and other corporate giants eliminate competition. Doing so let them consolidate, become huge and more dominant. It let Wall Street and other major central banks rule the world. They transformed global economies into an unprecedented money-making racket. Government collusion facilitates it.

Economies, communities and households are wrecked for profit. Washington is Wall Street occupied territory. Profits are privatized. Losses are socialized. Casino capitalism is the coin of the realm. Grand Theft Wall Street reflects it. Markets are manipulated for profit. Other tactics include front-running them, pumping and dumping, scamming investors, buying politicians like toothpaste, bribing them for control, placing banking officials in high administration posts, and getting open-ended low or no interest bailouts and other exclusive benefits when needed. Whatever bankers want they get. Social America is being eliminated to benefit them. Money is made the old-fashioned way & business as usual, reflects it.

Publicly controlled money could change things. Former congressman Ron Paul tried several times. He sponsored the Federal Reserve Abolition Act. No co-sponsors joined him. Paul responsibly tried putting money power back in public hands where it belongs. It can work the same way again. It is the antidote to corrupted, dysfunctional privatized banking.

 This is a excerpt from the 327 page New Book,  Robbing You Blind, How Modern Corporate Banking is Making Money Out of Nothing, “Robbing You Blind,” & Making You Poor! Modern Corporate Banking is Making Money Out of Nothing “Robbing You Blind” & Making You Poor!  Learn How to Become your own Banker in a Decentralized Society using A Unified Field Theory of Life. You can find it in the Bookstore.

 " Friendly Fascism: The New Face of Corporate Power in America,"

As it stands now... things may not change for the better for us common people anytime soon. As a political theorist Michael Parenti points out, historians often overlook Corporate Fascism's economic agenda; the partnership between Big Capital and Big Government... in the analysis of its authoritarian social program. Indeed, according to Bertram Gross in his Book," Friendly Fascism: The New Face of Power in America."  It is possible to achieve fascist goals within an ostensibly democratic society. This is the goal of the Bush administration and has been for eight years.

Also, according to journalist, Richard Heinberg, "Corporations themselves, after all, are internally authoritarian. Courts have ruled that citizens give up their constitutional rights to free speech, freedom of assembly, etc. when they are at work on the corporate-owned property. Furthermore, as corporations increasingly dominate politics, media and economy, they can mould an entire society to serve the interests of powerful elite without ever resorting to stormtroopers and concentration camps.

"No deliberate conspiracy is necessary, either: each corporation merely acts to further its own economic interests. If the populace shows signs of restlessness, politicians can be hired to appeal to racial resentments and memories of national glory, dividing the popular opposition and inspiring loyalty". He goes on to say, "In the current situation," friendly fascism" works somewhat as follows. Corporations drive down wages and pay a dwindling share of taxes gradually impoverishing the middle class and creating unrest.

As corporate taxes are cut, politicians (whose election was funded by corporate donors) argue that it is necessary to reduce government services to balance the budget. Meanwhile, the same politicians argue for an increase in the repressive functions of government (more prisons, harsher laws, more executions, and more military spending). Politicians channel the middle class's rising resentment away from corporations and toward the government (which, after all, is now less helpful and more repressive than it used to be) and against social groups easy to scapegoat (criminals, minorities, teenagers, women, gays, immigrants). Currently, debate in the media is kept superficial (elections are treated as sporting contests), and right-wing commentators are subsidized while left-of-centre ones are marginalized. People who feel cheated by the system turn to the Right for solace, and vote for politicians who further subsidies corporations, cut government services, expand the repressive power of the state and offer irrelevant scapegoats for social problems with economic roots. The process feeds on itself." The Movie, “The International.” Here is an excellent scene from the Movie, “The International” with Clive Owens and Naomi Watts a great truth about the business of the Banking industry moreover, is a good movie to watch for entertainment. This is the Banking scene that tells the truth about the business of banking and weapons manufacture and the control of countries by their debt in a fictional movie. Private Corporate Banking is not so much about making money for their shareholders as it is about controlling the debt worldwide in as many Countries as possible and the ultimate Power it gives the elite Bankers that control the corporations in each country getting them to bow to their will and do what they want.

Fractional Reserve (Corporate) Banking and why it is a Disaster:

“Whoever controls the volume of money in our country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” James A. Garfield, Another assassinated president of the United States… {Shot in 1881, after attacking political corruption}.

It is essential to understand How and Why the Modern Global Banking System manufactures money out of nothing.  It is critical to learn about public Banking in your country and why “the People” would want to have the ability use Digital currencies. Why Bankers own the Earth and why Banking was conceived in iniquity and born in sin. Moreover, finally, why we know absolutely Nothing about modern banking that created a process of banking that is perhaps the most astounding piece of sleight of hand that was ever invented {a 9 to 1 Fractional Reserve Banking system and why it is a disaster}.  We need to understand that if we take it away from them but leave them the power to create money, with the flick of the pen, they will generate enough money to buy it back again.

We need to understand the difference between Corporate Banking {money as debt} that the world uses at high-interest, and the Bank of Canada {money as wealth} created as an interest-free public institution that is. The Bank of Canada still issues debt-free currency notes {the people’s money} like the 20-dollar bill that is always backed by the “Government of the People.”

The first thing People need to know about “Fractional Reserve Banking” {“A 9 to 1 Fractional Reserve System”} is that it is taught incorrectly at the university. University Professor Charles Goodhart described standard university teaching of our monetary system as “such an incomplete way of describing the process of the determination of the stock of money that it amounts to mis-instruction.” Professor Charles Goodhart goes on to say, “The reason the workings of our monetary system are taught incorrectly is that the details of how it operates in practice too complex for students to study in a reasonable period as part of an undergraduate course.” [It is evident to Economist, John Kenneth Galbraith that university professors do not understand the true nature of money. “The study of money, above all other fields is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple that the mind is repelled”. Therefore, instead, they do not learn the truth but learn an oversimplified cartoon version of reality to disguise or evade the truth.  Professor Goodhart realizes that unfortunately, the choice of simplifications made in the teaching of our monetary system has led a great many economists to many disastrously wrong conclusions about the behaviour of money.

To understand “the Reality of the last 100 years of Private Banking and why this is the way we do business, let’s look at the whole picture that started with the Private Bank of England in 1694 that created Money as Debt. Michael McLeay et al. (Monetary Analysis Directorate of the Bank of England) explain how, rather than banks’ lending out deposits that are placed with them, the (very) act of lending creates deposits — the reverse of the sequence typically described in textbooks.” Most textbooks present a description of our monetary system based on the “money multiplier model” in which the money supply is said to be “exogenous” {originating from outside; derived externally from the economic system} and that deposits enable loans. The experts, however, have long known that loans enable deposits and that money is “endogenous” {Endogenous processes are those that originate from within an organism}.

“This description of the relationship between monetary policy and money differs from the description in many introductory textbooks, where central banks determine the quantity of broad money via a ‘money multiplier’ by actively varying the number of reserves.” “And in contrast to descriptions found in some textbooks, the Bank of England does not directly control the quantity of either base or broad money.” “Banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits” Bank of England Quarterly Bulletin.

Endogenous growth theory [money processes that originate from within banks] holds that economic growth is primarily the result of endogenous and not external forces. [1] Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. While the money multiplier theory can be a useful way of introducing money and banking in economic textbooks, it is not an accurate description of how money is created.”

Understanding Fractional Reserve Banking”…            

However, “Private Banks loan money that Does Not Exist” [meaning they do not have any in their vaults when they create new money in the form of the loan or mortgage}. Furthermore, as soon as people realize that bank creates money out of nothing, a new legal regulation is invented to protect their rights, which is called “9 to 1 Fractional Reserve System”. It limits how much money the bank can create. Basically, if the bank has $1K cash in hand, they can loan out up to $9K to borrowers based on the 1:9 fractional reserve system regulation. However, it does not really limit the bank to create money up to $9K.  

 In reality, they can create the money up to $90K which makes it 1 to 90 ratios. For instance, if the bank started with $1K cash in the bank, it means that the bank can loan up to $9K to all of us. So, let's assume that Person #1 takes the loan of $9K to buy a car from Person #2. Based on the person #1's promise to pay the money back, the bank will create $9K cash and loan it to person #2. The tricky part is that Person #2 will then deposits $9K to the bank. Based on the 9:1 federal reserve regulation, the bank can then reserve $900 ($9K/10) and loan out the rest which is $8100 ($90: $8100 = 1: 9). Moreover, it moves on to the next loan transaction until the bank cannot reserve money anymore. Then, the bank will have a total of $10K cash on hand, and the total of $90K loan has been created. *

 “The 9 to 1 Fractional Reserve Banking System” is taught incorrectly at university because they do not need to follow the rules according to the Bank of England Quarterly Bulletin… they can do this is by simply adjusting interest rates up and down. Lower interest rates encourage lending, higher rates discourage it – or at least that is the plan. Limits on Money Creation – there are none!  University professors do not talk of its “exponential function of growth” of Fractional Reserve Banking in a finite society, and students learn an oversimplified cartoon version of reality to disguise or evade the truth because the obvious facts are simple to understand."

The Money Deception.

Money Creation: When someone goes to a bank asking to borrow money, the bank does not need to take that money from its reserves. Instead, it creates that money on the spot. If someone asked to borrow $1,000, then the bank will simply hand them a chequebook (or a debit card) and tell the borrower that he or she can spend up to $1,000 with his or her check. This is $1,000 of fresh new money that never existed before.

Money circulation: This $1,000 is then free to circulate in the economy, being passed from person to person during ordinary trade. Money may pass through a great many hands between being created and destroyed.

Money destruction: This is the part that, so few people seem to know about. When the borrower repays the loan to the bank that money disappears back out of existence {because it was created out of nothing and goes back to no-thing}. Thus, the amount of money circulating in the economy at any one time is rather analogous to the Population of Sheeple, a species of animal, unconscious of what is really going on. The current population is determined by premature birth and death rates. Keeping the amount of money in the economy reasonably constant is a balancing act where the central banks attempt to encourage or discourage new lending so that the rate of new money creation is approximately equal to the rate at which existing money is expiring.  This is a very elaborate “Pyramid Scheme” but still just Pyramid Scheme that is illegal for us to play with each other because everyone at the bottom of the pyramid loses. One of the ways they can do this is by adjusting interest rates up and down. Lower interest rates encourage lending, higher rates discourage it – or at least that is the plan. Limits on Money Creation – there are none!  

Every time a bank makes a loan (or purchases securities), new bank credit is created —  new deposits — brand new money." Graham F. Towers, Director, Bank of Canada. http://www.michaeljournal.org/appenE.htm.

Is there an alternative? Yes. A fixed money supply, where tokens {coins or currency} are circulated indefinitely is known as full (or 100%) reserve banking. The system is rarely discussed these days, but after the great depression – the last comparable crisis of our monetary system, full reserve banking was taken very seriously. It is about time we looked at it again. 

The Video demonstrates this philosophy of fixed money supply. A Medieval Tale that illustrates the principle of "market money" used in medieval trade fairs. Market money was nothing more complicated than dependable promises of merchandise or services directly from the suppliers of that merchandise or service. This simple invention freed the markets from the tyranny of the "quantity of and ownership of money" and overcame both the limitations of barter and the scarcity of money, which at the time, was gold and silver coins that were often hoarded.

 Most people incorrectly assume that the government directly controls the amount of money in the economy and has control over how it is created and spent. They assume that money is essentially tokens that get passed from person to person as they exchange goods. One would assume that the number of tokens would remain constant except for occasional money printing by governments. Indeed, money could work in this way should governments have chosen such a system, but money does not work like this at all*. {*A tiny fraction of the money supply does in fact, work in this way, but the quantities are so small that this part of the money supply can be virtually ignored it is ignored because issued currency is only 3 % of the global money supply and it is strictly regulated}. Instead we have a system in which money is being continuously created and destroyed by privately controlled central banks, {They issue triple-A securities, loans, bonds, mortgages etc., that create Debts, not real money?} The Video is Money as Debt 3: Evolution Beyond Money (Full Length parts 1- 4).

 *Years ago, banks used to create money only if they had the real gold with them or someone deposits the gold to the banks. But this is not how the bank operates today. Nowadays, privately controlled banks create money if we, as individuals, borrow it and give the promise to return that money back. So, today, money is backed by the loan or mortgage.                                                       

So, what type of Banking does Canada have – the freest, most open, and most stable country in the world - “publicly created money from a government of the people”, Right. Well you are wrong. We did from 1938 to 1974 until the Prime Minister of Canada decided to work for “Private Corporate Banks and let them control all to money in this country. The issuance and control of Money is the ultimate Power in the world and the Corporate Bankers are in business to make the most money for their shareholders by controlling the Debt of each Country with no allegiance to any State, people, country, or religion… just Money.

Our Inability to Understand the Exponential Function… is it that Hard.

“One thing to realize about our fractional reserve banking system is that, {it is an exponential function} like a child’s game of musical chairs, as long as the music is playing, there are no losers.” Andrew Gause, Monetary Historian, http://www.andygause.com/

“The greatest shortcoming of the human race is our inability to understand the exponential function.” …Albert A. Bartlett, physicist, http://www.hubbertpeak.com/bartlett/

“Anyone who believes exponential growth {of the banking system} can go on forever in a finite world is either a madman or an economist.” Kenneth Boulding, economist, http://en.wikipedia.org/wiki/Kenneth_E._Boulding,

The Exponential growth in Biology: The number of microorganisms in “a culture” will increase exponentially until an essential nutrient is exhausted. Typically, the first organism splits into two daughter organisms, who then each split to form four, who split to form eight, and so on. Because exponential growth indicates constant growth rate, it is frequently assumed that exponentially growing cells are at a steady-state. However, cells can grow exponentially at a constant rate while remodelling their metabolism and gene expression (meaning they can evolve, in the moment, exponentially). 

#3: The People as Bankers using Blockchain Technology &  Digital Cryptocurrency.

“We are absolutely without a permanent money system. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.” Robert H. Hemphill, Credit Manager, Federal Reserve Bank of Atlanta, Georgia (1935).  In the foreword to a book by Irving Fisher, entitled 100% Money (1935).

Fall of Capitalism & Beginning of the Internet of Things: “A Third Industrial Revolution.”

 Today, humanity stands at a crossroads, and the path that humanity chooses may have a greater impact on our freedom and prosperity than any event in history. In 2008 a new technology was introduced that is so important that its destiny and the destiny of humanity be inextricably linked. It is so powerful that if captured and controlled, it could enslave all of humanity. 

However, if allowed to remain free and flourish - it could foster unimaginable levels of peace and prosperity. It has the potential to replace many functions of Wall Street and even of government, as a tool to empower individuals. Whether People believe in the potential or not, we think the blockchain and cryptocurrencies have proven at a minimum that they must be taken seriously. All investors would be wise to ensure they understand the phenomenon. What if we could rebuild our society in a way that works for everyone? Epochal changes are now underway that are radically transforming how society operates using an “Internet Sharing Society” with “Digital Currency”, “Cryptography” and the “Internet of Things” part of “a Third Industrial Revolution.” The video is from - Economic theorist and author Jeremy Rifkin explains his concept of The Internet of Things. Rifkin's latest book is called, “The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism” (http://goo.gl/4estV2).

We are just beginning to glimpse the bare outlines of an emerging new economic system, the collaborative commons. This is the first new economic paradigm to emerge on the world scene since the advent of capitalism and socialism in the early 19th century. So, it's a remarkable historical event. It has long-term implications for society. But what's interesting is the trigger that's giving birth to this new economic system. The trigger is something called zero marginal cost. Now, marginal costs are the costs of producing an additional unit of a good and service after your fixed costs are covered. Business people are all aware of marginal costs, most of the public isn't. But this idea of zero marginal cost is going to dramatically intimately affect every single person in the world in the coming years in every aspect of their life.

There's a paradox deeply embedded in the very heart of the capitalist market system previously really undisclosed. This paradox has been responsible for the tremendous success of capitalism over the last two centuries. But here's the irony, the very success of this paradox is now leading to an endgame and “A new Paradigm emerging Out of Capitalism is Collaborative Commons”. Let me explain. In a traditional market, sellers are always constantly probing for new technologies that can increase their productivity, reduce their marginal costs so they can put out cheaper products and win over consumers and market share and beat out their competitors and bring some profit back to investors. So, business people are always looking for ways to increase productivity and reduce their marginal cost. They simply never expected in their wildest dreams that there would be a technology revolution so powerful in its productivity that it might reduce those margins of cost to near zero making goods and services essentially free, priceless and beyond the market exchange economy. That's now beginning to happen in the real world.

The first inklings of this zero-margin cost phenomenon were with the inception of the World Wide Web from 1990 until 2014. We saw this zero marginal cost phenomenon invade the newspaper industry, the magazine industry and book publishing. With the coming of the World Wide Web and the Internet suddenly millions of people, then hundreds of millions of people, and now 40 percent of the human race with very cheap cell phones and computers they're sending audio, video and texting each other at near zero marginal cost. So, what's happened is millions of consumers became prosumers with the advent of the Internet. And so, they're producing and sharing their own videos, their own news blogs, their own entertainment, their own knowledge with each other in these lateral networks at near zero marginal costs and essentially for free bypassing the capitalist market, in many instances altogether. This zero marginal cost phenomena, as it invaded the information industries, wreaked havoc on big, big industries. Newspapers went out of business; they couldn't compete with near zero marginal costs. Magazines went out of business. And my own industry publishing has been just wracked by free e-books and free knowledge and information.

A Technology of Trust… the Blockchain.

The Third and newest option to come along in 2000 years (since Christ kicked the Money Changers out of the Temple) is part of “the Third Industrial Revolution” and created just after the last market crash… the Cryptocurrency system.

A Digital Currency Monetary System that runs on the blockchain and will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting: a distributed, transparent, autonomous system for exchanging value. This video is called the Four Pillars of a Decentralized Society. In this Video, Johann Gevers describes this revolution, the Four Pillars of a Decentralized Society and how it will create vast new economic opportunities and unprecedented social freedom. Johann Gevers is Co-Founder and CEO of Monetas in Zug. Monetas is building the world's first universal transaction platform—an essential infrastructure for the society of the future. Johann's lifelong driving passion is to help create a better life and world for everyone, through personal, organizational, and social transformation. It has inspired him to develop a pioneering new {decentralized} legal system for a free society, based on a new Golden Rule. His thirty-year journey is searching for better methods and tools—and for freedom and joy for humanity—has profoundly enriched his and others' lives.  

 This is now allowing the conscious intelligent human Being to take control of their own banking and become the Bankers learning to use the new blockchain technology for themselves and to develop better ones for others in the future.

Bitcoin, a cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Bitcoin: The Next Big Thing: Documentary Video. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.              

 In a decentralized economy, the blockchain is a distributed ledger technology that underlies cryptocurrencies a form of digital currencies, no physical cash or coins involved, like Bitcoin. The Blockchain provides a way to record and transfer data that is transparent, safe, auditable, and resistant to outages. The blockchain can make the organizations that use it transparent, democratic, decentralized, efficient, and secure. It is a technology that holds a lot of promise for the future, and it is already disrupting many industries.

A Summary of the Three Types of Money

Therefore, to sum up, our definitions of money in the world. “Money as Debt”, comes from “Corporate Controlled Private Central Banking Systems” like the IMF and the Federal Reserve using Fractional Reserve banking. Money as Wealth was created “publicly by the people and for the people of the country” from their hard work building the society they lived in for their children. This is from “a Government of the People” and by the people, creating wealth in a nation and “it is in the people.” Its “wealth is the People” of the Country, and the natural resources they use to build their country and its wealth will continue to grow as long as “it stays in the country in the hands of the people” to spend it on goods, services, healthcare and pension plans.

 The truth here is only a revolution in the mind of the individual is needed to accomplish the most significant stroke for freedom of all time. It is a remarkable fact that no constitution of any state, nor any declaration of human rights, has ever proclaimed the right of freedom of money issue. This right is inseparable from the right of bargain or exchange, which is the very foundation of liberty. Man's ignorance of the laws of money has blinded him to the very touchstone of freedom. People are indeed sovereign if they but realize that their money power is their sovereign power. People need no political laws to liberate their power for prosperity and peace; People are the master of their fate by natural law if they but discover that law.

As People scan the world scene with all its miseries, its drab outlook, the discouraging prospect of a solution for humanity's problems by political means. And the remoteness from them of the capitols through which promised salvation is desperately hoped for; A sense of frustration saddens people. However, if People realize that the citadel of power is their own home and that theirs is the majesty and sovereignty, sadness will be dispelled by gladness. To bring this transformation, People must comprehend the power of money and that they are that money power.

In his book titled, “Tragedy and Hope,” historian Carroll Quigley said:

“(T)he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.” “This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.” Money power is supreme. It’s omnipotent. It assures controlling economies, commerce, politics and imperial adventurism.

In Conclusion, we are ready to make a stand for our legal rights under God and under  The Canadian Constitution of Rights &  Freedoms going back to Common Law of the Roman Republic. Everything stands in balance waiting for us to wake up, stand up, and consciously speak our truth. We are not Consumers, we are more than an individual, we are more than a family, we are more than several families. We are more than Millions of Families… “we are the decentralized government” (using blockchain technology and smartphones). We exist as a collective of co-operative conscious people of diverse backgrounds living in decentralized societies consciously creating a more permanent money system, a Cryptocurrency system: a distributed, transparent, autonomous system for exchanging value... “destroying the Corporate Dictatorship of Money”.

Moreover, now finally, a new kind of money comes into existence, freeing the people, because the money is no longer in the hands of the corporate 1% that control governments and its people. However, in the form of cryptocurrencies, digital Cash is circulating on the internet in a trustless online community, encrypted for security. This type of cash is created by decentralized groups [GitHubs] of the people creating a new technology for the people. They are giving the money back to the individuals doing all the work on the blockchain to make the organizations that use it transparent, democratic, decentralized, efficient, and secure. Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created, and which is publicly known.

In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it. The underlying technical system upon which decentralized cryptocurrencies are based was created by the group or individual known as Satoshi Nakamoto.[12] 

This is a excerpt from the 327 page New Book,  Robbing You Blind, How Modern Corporate Banking is Making Money Out of Nothing, “Robbing You Blind,” & Making You Poor! Modern Corporate Banking is Making Money Out of Nothing “Robbing You Blind” & Making You Poor!  Learn How to Become your own Banker in a Decentralized Society using A Unified Field Theory of Life. You can find it in the Bookstore.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The world is changing at an exponential rate but as consumers, we unconsciously still live under “A Corporate Spell of Global Politics & Religions” in “Society’s Illusions of a Materialistic world” with a corrupt Monetary System. This is now being challenged with a “Consciousness-based Worldview,” awake to life’s challenges creating a new reality without “fiat money.” This research is a holistic view of life seeing a ten-year path to a greater reality beyond the veil of Money and the Consumer Society’s basic ignorance of how it controls all life. This philosophy is not theoretical, its Personal and “it is about You, the human being,” still alive wanting change and it is here if “You can grab it,” as it will set You free by 2028 if you start today. The world is experiencing a major shift away from Corporate Power to an Evolution of Conscious Life showing us how it is a process of evolution with everything connected to Nature. We learn here, through knowledge and education to create a new reality with universal consciousness and abundant energy in a “Unified Field Theory of Life” without the “limited Materialistic Spell of Money.” 
 This Book is separated into four parts detailing the significant aspects of “Corporate Banking,” “Public Banking,” “ a Sharing Economy with Blockchain Technology and finally how to use an “Evolution of Consciousness beyond Money. We go through this process by learning and understanding how locked in we are to a “Corporate Monetary System” that controls our ability to think independent of monetary concerns, have our own minds and be free to trade with each. We learn how we can create a currency system that is controlled by real human beings and not artificial persons. We learn about our ignorance of “Public Banking” and private Corporate Banking, that allows them to control all life on planet earth.” The first 3 sections focus on the 3 different levels of Banking: “Money as Debt [Corporate]” “Money as Wealth [Public],” and ultimately “We the People as Bankers” [within the next ten years]. This knowledge shows the huge differences in banking and our great potentials for a new life. In part 4, we present a “Unified Field Theory,” in an “Evolution of Conscious life beyond Money with intelligent answers to our financial bondage ending our 9 to 5 wage slavery eliminating the need for “fiat currency” in a decentralized, egalitarian, consensus democracy. 
With this process of learning the facts of {a predatory} life, we learn to use critical intelligence in a focused Mind to create a better reality for all human beings.  It is about time people wake-up and learns the truth directly from “the bankers themselves”. 
First, watch this Video of a brilliant 12-year-old Canadian Girl speak on “the Peoples Bank of Canada” & the Corporate Corruption when the Prime Minister in 1974 gave away our right to Public Banking to Private Bankers that created Money as Debt. It is time for the voting public to take a stand when 12-year-old school girls know more about international Banking and finance than all the politicians of the world. 
The world is changing at an exponential rate but as consumers, we unconsciously still live under “A Corporate Spell of Global Politics & Religions” in “Society’s Illusions of a Materialistic world” with a corrupt Monetary System. This is now being challenged with a “Consciousness-based Worldview,” awake to life’s challenges creating a new reality without “fiat money.” This research is a holistic view of life seeing a ten-year path to a greater reality beyond the veil of Money and the Consumer Society’s basic ignorance of how it controls all life. This philosophy is not theoretical, its Personal and “it is about You, the human being,” still alive wanting change and it is here if “You can grab it,” as it will set You free by 2028 if you start today. The world is experiencing a major shift away from Corporate Power to an Evolution of Conscious Life showing us how it is a process of evolution with everything connected to Nature. We learn here, through knowledge and education to create a new reality with universal consciousness and abundant energy in a “Unified Field Theory of Life” without the “limited Materialistic Spell of Money.” 
 This Book is separated into four parts detailing the significant aspects of “Corporate Banking,” “Public Banking,” “ a Sharing Economy with Blockchain Technology and finally how to use an “Evolution of Consciousness beyond Money. We go through this process by learning and understanding how locked in we are to a “Corporate Monetary System” that controls our ability to think independent of monetary concerns, have our own minds and be free to trade with each. We learn how we can create a currency system that is controlled by real human beings and not artificial persons. We learn about our ignorance of “Public Banking” and private Corporate Banking, that allows them to control all life on planet earth.” The first 3 sections focus on the 3 different levels of Banking: “Money as Debt [Corporate]” “Money as Wealth [Public],” and ultimately “We the People as Bankers” [within the next ten years]. This knowledge shows the huge differences in banking and our great potentials for a new life. In part 4, we present a “Unified Field Theory,” in an “Evolution of Conscious life beyond Money with intelligent answers to our financial bondage ending our 9 to 5 wage slavery eliminating the need for “fiat currency” in a decentralized, egalitarian, consensus democracy. 

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