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How is money created in the economy

how is money created in the economy

What is Money and How is it Created?

Money is generally created by central Banks like the Bank of England or the Federal Reserve Bank in the United States.

The Original Constitution for the United States stated that Congress was to mint the money and set the value of money in the United States.

However, in 1913 the Federal Reserve Act was passed. This act passed the authority to create money from congress over to the private consortium of banks collectively known as the Federal Reserve Bank.

The Federal Reserve Bank is pretty secretive about who it's owning banks or shareholders are. It has been determined that the "class A" stock in the Federal Reserve Bank are held by the following 8 institutions:









The Remaining Stock is held by the Chemical Trust and the Rockefeller Trust. These stockholders hold Federal Government Obligations which amount to about $5 Trillion Dollars - The U.S. National Debt! Their annual profits from interest payments are over $200 Billion dollars per year!

Before the passage of the federal reserve act congress could print it's own treasury notes and use the money to pay for the cost of government. After the passage of this act congress had to borrow money from the privately owned Federal Reserve Bank at interest!

There are legal experts that maintain that the Federal Reserve Act is unconstitutional and therefore unlawful .

Although, the Chairman of the Federal Reserve Marketing Board is appointed by the president of the United States, the Federal Reserve Bank is otherwise independent of United States Government.

There have been numerous attempts by congress to pass legislation to have the General Accounting Office (GAO) audit the Federal Reserve Bank. All such attempts have failed, primarily because congress cannot force an audit on a private company.

The Federal Reserve Bank can order the U.S. Treasury to print a determined amount of Federal Reserve Notes and have the U.S. Mint deliver them for the cost of printing, which is a small fraction of the face value of the notes.

These Federal Reserve Notes are then lent into circulation by lending them either to congress or to the Federal Reserve Member banks.

Some economists point out that money lent into existence would be impossible to totally repay because only the principal was lent into circulation but the principal plus interest has to be paid back.

Where Does the Income Tax Money Really Go?

Whenever the Internal Revenues Service (IRS) collects Income Tax money it is deposited into the Federal Reserve Bank. Persons who volunteer to pay Income Tax to the IRS with checks will see the "Deposit in the Federal Reserve Bank" stamp on their returned, cancelled checks.

There is a popular delusion (probably fostered by agents of the Federal Reserve Bank) among persons who volunteer to Pay Income Tax that this " Income Tax " money pays the cost of running the Federal government.

Nothing could be further from the truth! The Federal Reserve Bank is a private consortium of banks operated for profit. The only time the U.S. Congress gets money from the Federal Reserve Bank is when it is lent to them at interest!

A number of Bills have been placed before Congress to Audit the federal Reserve Bank. But, because the Federal Reserve Bank is a privately owned company, the General Accounting Office (GAO), which routinely audits Federal agencies, has been unable to audit the Federal Reserve Bank.

So, where does the Income Tax money go? Insiders report that, besides the profit taken by the shareholders of the Federal Reserve Bank, a good deal of the money goes to finance "New World Order" organizations like the Council on Foreign Relations (CFR) and the International Monetary Fund (IMF). This makes sense from a historical viewpoint since these organizations were originally created by agents for the International Bankers.

How the Free Press is Owned and Managed by Big Money

During the nineteenth century, after the Rothschilds controlled the Bank of England, a controlling interest was also purchased in the Jewish operated Reuters newspaper in London. Also, controlling interests were purchased in Wolff and the French Havas news papers, creating a virtual international news monopoly.

In 1942, the General manager of Associated Press . Kent Cooper, spoke of this international news monopoly in his book "Barriers Down:" "..the news of the world was it's own private property to be withheld, to be discolored to it's own purposes, or to be sold to whom and to where they directed."

The Council on Foreign Relations (CFR) was created by Rockefeller in 1921, as the American branch of the British Royal Institute on International Affairs (RIIA). The RIIA was the brainchild of Cecil Rhodes as a means to "expand British Hegemony globally and to regain Britain's control of the United States." The CFR was responsible for the creation of the United Nations and works to direct U.S. foreign policy.

The CFR recieves much of it's financial support from the private Consortuim of banks collectively called the Federal Reserve Bank. Since the "Fed" has all "Income Tax" money deposited in it and collects most of the interest on the U.S. National Debt (over $200 Billion per year), it has astronomical financial power and influence.

The world news sources and wire services have members of the Council on Foreign Relations (CFR) directing and working for them. These include; Reuters, Associated Press, United Press International, Wall Street Journal, Boston Globe, New York Times, Los Angeles Times and Washington Post, ABC, NBC, CBS, and RCA. Most national and international news is derived from these sources.

The CFR is also heavily entrenched in the major energy corporations, the military and the U.S. Government.

So, with the CFR managing the news and molding public opinion about world affairs, they are in a key position to influence the direction of our democratic government.

The Illuminati's order of "Skull and Bones" forms an inner circle of the CFR and has control of other forms of public information:

Henry Luce of the "Time-Life " syndicate, William Buckley of "National Review ",Alfred Cowles of "Minneapolis Star ", Emmert Bates of Litton Educational Systems, Richard Ely Danielson of"Atlantic Monthly ", Russell Davenport of "Fortune" and Nieman Fellowship's first director, Archibald Mc Leash are all members of the Order Of Skull and Bones.

In 1880, Members of the Order created both the American Economic Association and The American Historical Association. Andrew Dickson White was the first president of American Historical Association.

By the turn of the century the "Order of Skull and Bones" had already made significant penetration into the educational establishment. Timothy Dwight was president of Yale, later to be followed by Arthor T. Hadly. Andrew Dickson White was president of Cornell. Daniel C. Gilman was president of John Hopkins University. All men were members of the Order.

Later Daniel Gilman became president of Carnegi Institute. The philosophy and practice of the present public school system is due to the massive infusion of funds and grants from private foundations which are directed by Illuminati organizations. These same foundations, can virtually dictate which textbooks can be used in the public school system.

This one reason most people don't know the true history of the 20th century. Any history that goes against the official line of the American Historical Association will find it impossible to obtain research funding or publication in "acceptable" forms.

On the other hand, in 1946, the Rockefeller Foundation allotted $139,000 to create an official version of World War Two that hid the massive U.S. Corporate Assistance in building the Nazi War Machine. A major contributor to the Nazi effort was Rockefeller's own Standard Oil Co.

The Ford Foundation, was originally created from Henry Ford's Auto Manufacturing fortune. But eventually, members of the "Order of Skull and Bones" infiltrated the foundation and used it's financial power to influence the nature of public education.

For example, Mc Goeoge Bundy (a member of the Order of Skull and Bones) was the National Security Advisor during the Viet Nam debacle. In 1966 he became the president of the Ford Foundation. Bundy then appointed another member of the Order, Harold Howe II, as Vice President in charge of the Education and Research Department. Their flagrant misuse of foundation money caused the remaining Ford Family members to resign in disgust.6

The official historical version of the John F. Kennedy assassination reflects the Warren Commission Report. The president was killed by a lone assassin, Lee Harvy Oswald.

The true account will demonstrate that the CIA worked in conjunction with organized crime and Cuban Exiles to have the president assassinated in a large scale conspiracy. Some of the names of the conspirators are Orlando Bosch, E. Howard Hunt, Frank Sturgis, (all CIA employees) and Jack Rubenstien (alias Jack Ruby of organized crime.) The CIA paid off some large gamboling debts that Jack Rubenstien owed Organized crime figures to enlist his aid in the Dallas Shooting.

Lee Harvey Oswald was also a one time employee of the CIA, but at the time of the shooting was working for Jack Ruby and was set up to be the "fall guy". Jack Ruby had to kill him before he talked.

Many of these facts were brought out in the House Special Committee on Assassinations hearings in 1976. But, most of the information was sequestered in the National Archives and not to be made public until sometime in the next century.

After the hearings, congress did pass a resolution forbidding

the CIA from carrying out covert operations within the territorial boundaries of the United States.

The official media had already determined that the presidential assassination had not been a conspiracy within 9 hours of the shooting at Dealy Plaza. The headlines were Blaring "Oswald Acted Alone!"

This blatant statement was made even though an actual investigation had barely started. Obviously, these media statements were also a prepared part of the conspiracy. Which is a typical demonstration of how the Illuminati uses the media to mould public opinion.

These facts will never appear in the "official" media reports, although some of them may appear in the small independent publications that have not been taken over by the Illuminati organizations like the Council on Foreign Relations and the Order of Skull and Bones.

Why Was The Bretton Woods Conference

So Important In Today's Financial World?

In the Summer of 1944, the soon to be victorious Allies sent their financial experts to the Bretton Woods Conference being held in the United States by the U.S. Treasury Department to determine the economic fate of the Planet for the post war years.

There was a simultaneous financial conference at Dumbarton Oaks being held by the U.S. Department of State with a slightly different agenda. While both the Treasury and Department Of state advocated similar goals of postwar economic prosperity, there were differences on how to obtain these goals.

This Conference among other things gave birth to The World Bank . The International Monetary Fund and the General Agreement on Trade and Tariffs (GATT).

The Treasury Department wanted to allow only countries that could adhere to strict fiscal rules, designed to increase international trade, membership in the newly created International Monetary Fund. While The Department of State hoped to include all of the Allied Nations in a collective security structure of the United Nations.

But, in retrospect, it would seem that Bretton Woods did for the World what the Federal Reserve Act of 1913 did for the United States. It provided a legal framework for the International Bankers to place the World into economic bondage through indebtedness. For many countries, it takes more than half of their GNP to service their debt and they are forced by the IMF into austerity measures that impose unnessary hardship on the people, many of who are already working for the equivalent of slave labor wages.

Was the "Cold War" Hoax Perpetrated

by International Banking?

To the casual reader of the news, the "Cold War" seemed like a very real threat to the United States. The Korean War, occurring only 5 years after World War II, and the Viet Nam War were both fought to contain the "International Communist Conspiracy." These were "hot spots" in the "cold war" and themselves were real enough as human lives and property were being destroyed. Also, the nuclear arms race became an insane dimension of the "Cold War". But miraculously, none of these weapons of mass destruction were ever used between the "contenders" of the "Cold War."

As historians take a closer look at the history of events during and after World War II, the reality of events take on another, completely different picture than that presented us by "official sources" !

Most revolutionary movements are not spontaneous uprising of suppressed people. The sucessful revolution is highly organised, well financed, and directed by hidden persons.

The American Revolution of 1776 was largely organised by the secret Freemason Societies. The French Revolution was also organised by the Freemasons of Continental Europe that had been taken over by, even more secret, Illuminati societies headed by Adam Weishaupt and financed by the international bankers centered around the Banking House of Rothschild.

This author is of the opinion that the original Freemasons were men of principal, working for greater human freedom. However, Illuminised Freemasonery was the source of great deception, Communism, and great human suffering. Hence, the great difference in outcome between the American Revolution with the ensuing human freedom and the French and the Bolshevik revolutions with their ensuing reigns of terror.

In the case of the Soviet Union, the thinking man would wonder why, if Communism is such a monumental economic failure, did the Soviet Union evolve from a poor agrarian society in 1920 to being a military and industrial super power by 1950? They achieved real economic growth, considered miciralcous even by American standards in that time period of 3 decades.

A closer look reveals that the Soviets were getting massive technical and financial assistance from persons and institutions primarily in Western Europe and the United States. The Bolsheviks were origonaly, largely financed by the Khun Loeb Bank of New York and the Max Warburg Bank of Hamburg, Germany. Later, the Brown Brothers Harriman Bank of New York, Standard Oil Corporation and Armand Hammer of Occidental Petroleum would provide tremendous financial assistance. The largest Factory in the world, the Kama River Truck Factory in Russia was financed in a deal set up by the President of the Export Import Bank, William Casey (later to become Director of the CIA) with the financing supplied by Armand Hammer.

During World War II, the Soviets were considered our Allies and tremendous technical assistance was provided under operation "Lend Lease." During the "Big 3" meetings held between Roosevelt, Churchill and Stalin, Europe was effectively divided up between the West and the Soviets. There can be little doubt that the Soviets were handed every advantage by the Western powers during this time.

In 1990, in the words of President George Bush "the Cold War is over - and we won it!" But how could this have happed without a shot being fired? Soon after this, unexpected turn of events led to our FBI and CIA cooperating with the KGB in exchanging intelligence information. Then, bills were "fast tracked" through Congress to put together a 20 billion dollar Aid package to the newly formed CIS (former USSR) to, in the words of President George Bush, "preserve a fragile democracy." The orchestration of events soon became blatantly obvious to the more intelligent person.

To see why the "Cold War" was a hoax one must look at the secret history of events going on behind the scenes in the unlikely alliance between Capitalist and Communist. The Historical Influence of International Banking gives a concise outline of this history.

The primary purpose of this book is to reveal a little known side of history. This history is about secret societies that are very serious about secrecy because their survival usually depends on it.

I can agree that there are times when secrecy is needed as in military operations and undercover police work. But, when secrecy is used for the wholesale dismantling of our Constitutional government and used to practice thievery on a grand scale as with the Federal Reserve Banking system, w hen the secrecy is used to impose war and the New World Order on us whether we want it or not. Then, it is time to expose the secret.

Because I write about the Jewish money lenders backing the Zionist cause and the secret illuminati organizations, some will say that my writings are anti-semitic. I would point out that only a very small percent of the Jewish people know the secrets of the illuminati. The revelations of this book are as shocking to them as to many of the rest of us.

I have many Jewish friends and many of them are struggling to pay the bills and raise their families just like the rest of us. They are just as much in the dark about the New World Order as the majority of the people in this country. On the other hand, there are illuminati leaders like Edmond De Rothschild who openly speak of the common man being "cannon fodder" while planning a world only for the enjoyment of the "elite."

Some claim that the Protocols of the Elders of Zion were invented to be used as anti-semitic propaganda. I am open to this possibility. However, the Protocols do explain most of the phenomenon that we observe in politics, the economy and the media to day.

The history that is here presented goes a long way towards explaining the present state of world affairs. For example, in the "Dessert Storm" War, which most informed persons understand was really a war over oil, the sole refiner of Kuwait's oil is British Petroleum which is owned by the Rothschilds. The recent flurry of currency devauleations in Asia was being directly manipulated by the International Bankers to give the IMF more lending (and thereby political) leverage in that area of the world.

I respect the Judaic traditions and lore and the right to freely practice one's religion of choice. This with the qualification that no harm should come to another of God's creations in the practice of that religion. While I may not be against Judaism, I am opposed to political Zionism which is very warlike and destructive and is the real source of mideast tension.

The treatment of Palestinians in Israel is as shameful as the white mans's treatment of the Native Americans in the United States. I say this as a white man. I long for the day when all races and all people are treated with respect and dignity everywhere on this planet.

Finally, I am not opposed to a World Government. In fact, I favor one. However, it should represent the wishes of the governed with respect for the sovereignty of the individual (all individuals). It should operate honestly, openly and above board on all issues and it should not garner favor for an elite few.

The present New World Order does none of the above. After reading my book, one can see that The NWO has a very poor track record . which is a fairly good indicator of it's future performance.

Category: Bank

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