“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
— Henry Ford
No one believed me years ago when I said credit cards and these ATM cards were a tool of the oligarchs to isolate you from your money and control your wealth (yes money and wealth are different).
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.
Wealth is the abundance of valuable resources or valuable material possessions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem. An individual, community, region or country that possesses an abundance of such possessions or resources to the benefit of the common good is known as wealthy.
People today have no sense of money. They show up to work and every couple of weeks the numbers on a website change. They wave a little plastic talisman at the store and walk out with what they need. No money ever changes hands just some 1’s and 0’s on a computer somewhere.
When those in control shut down the little plastic talisman, all your magic money is going to go *poof*
The oligarchs have isolated you from your fiat currency for the same reason the Plutocracy in Washington DC used fiat currency to separate you from your gold years ago.
They control your wealth while you toil for their money, a cheap linen representation of tangible wealth or in the case of banks a small plastic talisman that is a fragile promise of access to your wealth that they hold.
The Federal Reserve Bank was founded on December 23, 1913, centralizing the power of U.S. banks into a privately-owned entity that controlled interest rates, money supply, credit creation, inflation, and (in a roundabout way) employment. It could also lend money to the government and earn interest, or a fee—money that the government could create free of charge.
So, in the final analysis, the money supply, government debt, credit creation, inflation and to a large degree employment is controlled by the member banks of the privately held Federal Reserve Bank. But the question remains, “Who controls the member banks?”
Interesting question, is it not?
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