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Thread: The Banking System is Pure Evil

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    SWM in Dixie Poor Richard's Avatar
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    Exclamation The Banking System is Pure Evil

    Fractional Reserve

    A bank is required to have on deposit at least 10% of the amount that they lend.

    That means that up to 90% of the loans are CREATED OUT OF THIN AIR, backed by nothing and do not exist except as a mark on a ledger.

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    Defender of Our People
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    True, and it is frightening. More frightening, however, is that it is the Federal Reserve that sets that margin. Yet, no margin is set for the Federal Reserve Bank.

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    SWM in Dixie Poor Richard's Avatar
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    Credit Cards

    Most DEBT is generated by Credit Card Companies.

    The highest INTEREST charged is charged by Credit Card Companies charging “revolving credit” (compound interest).

    The Money Lenders were expelled from France when the compound interest went above 40% compound interest.

    The Money Lenders were expelled from England for even a lower compound interest rate, because the Usury they charged amounted to SLAVERY!

    In America, the Credit Card Money Lenders (Shysters) are charging up to 33% compound interest.

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    The great man Miguel Serrano referred to these Fractional Reserve practices as a form of Jewish black magic!



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    SWM in Dixie Poor Richard's Avatar
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    Three Corner Moor - End the Fed!

    YouTube- End The Fed 09 - Interview - Tom Moor

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    Contributing Sr. Mod Silver Stallion's Avatar
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    Actually, I believe that 10% is regarded as conservative for a bank as far as deposits/loans is concerned. I believe they have been going over 20:1 (5%) in recent years. With all these upside down mortages (more money owing than the home is worth) and defaults, it is not hard to imagine why the banking system is toast.

    Here is a point to ponder. How do people pay back principal and interest when the money does not exist?

    America and her people are permanently enslaved under the present system.

    Pray the dollar goes to zero and go with a (real) gold or silver currency as the US constitution says.

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    SWM in Dixie Poor Richard's Avatar
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    The Banking System demanded the Bailout, or else.

    Here is a video that demonstrates some of the FRAUD on the part of the Banks that led to the bursting of the housing bubble, and the on demand Bailout.

    Goldman admits 'improper' actions in sales of securities | McClatchy

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    Contributing Sr. Mod LoveTheWhites's Avatar
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    I just really want each and every banker to be clearly identified. Iceland was a sign, I think, to take note of all who do dastardly deeds. Time is running out for these sheisters.

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    SWM in Dixie Poor Richard's Avatar
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    Cash Advance

    When a Financial Institution, such as a Credit Card Company, issues a Cash Advance, that advance is almost always created out of thin air.

    You will be charged a fee for the creation of that DEBT (nonexistent money created out of thin air by a ledger entry).

    You will be charged interest on that Debt (interest on that nonexistent money).

    You have sold yourself into SLAVERY to the Evil International Banking System!

    May God have Mercy on your Eternal Soul, and the Eternal Debt you have obligated yourself to.

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    Ah, a wonderful topic. This issue could singularly sway an entire Nation to understand the rest of the issues. Why even today, as went to the bank, the teller was having a luke warm conversation with another customer....ahemmm I mean "debt slave" and I proceeded to ask them if they even knew that the Federal Reserve was anything BUT federal and anything BUT a reserve. I told 'em to look up the federal reserve act of 1913 and made them promise to do so. I can't wait to see them next week. Let's see if they actually do their homework. I'll know by how angry the teller is next week.

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    Dr. Ron Paul Believes that the Bailout was the WRONG Way to Go

    I believe he is RIGHT!

    YouTube- Ron Paul: Bin Laden mocks economy

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    The Federal Reserve and the IRS are Organized Crime Syndicates

    YouTube- Federal Reserve and IRS are organized crime

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    Lord Sidious
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    Only about 5% of the 'money' in circulation is actually currency, the rest is some form of debt.
    Well, even the currency is that, but you guys know what I mean.
    Also, the reason that you pay huge interest rates is because we are stupid enough to use their credit and not our own credit.

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    Michael Badnarik - NORFED Real Silver Currency

    YouTube- The U.S. Constitution Class 35/43 W/ Michael Badnarik

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    Here is a little older article (1926)
    The Dearborn Independent - 11/6/1926

    From Henry Ford's "Dearborn Independent"

    Worth the read.

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    “I have a Right to my Life; I have a Right to the Fruits of my Labor.

    If you concede the principle of the Income Tax, you concede the principle that the government owns ALL your income
    and permits you to keep a certain percentage of it.”

    ─Ron Paul, interview by Time on Sep 17, 2009.

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