Over the last few years, we have endeavored to bring forth Scriptural Truth in application of our everyday lives. One of those truths is “Greed is the root of all evil”. King James uses the term “love of money”. Our Heavenly Father very specifically directed my to my first professional job: The largest bank in our state. My particular job allowed me to study virtually every department in the bank and fully understand how a bank operated. This was preceded by getting a college degree in Economics. Neither of these paths were part of my plan. I was going to be a Navy pilot for six years, then an airline pilot until retirement. In the fall of 1971 at the Open Door (Christian gathering place aka coffee house), my plan was discarded by HIM and HE the directed my path ever since. Twelve months later, I was working at the bank. Four years later, I was teaching Money & Banking at a local college at night to earn extra money while still working at the bank. This video explains how money & banking work under a central bank scenario. This scenario isn’t exclusive to the Federal Reserve, but provides clarity to how all central banks operate under a fiat currency system. This writing is not focused on any political party or nation. The central banks around the world are all using some form of fractional banking to manage their economies. At some point, there will be a collapse similar to all of the previous historical attempts to use fiat currency.
Note: we do not endorse any particular source of precious metals acquisition. You must do your own research if you are led to purchase bullion as a result of this video. The $220 Trillion in U.S. Liabilities I mentioned in a previous writing emphasizes the need to be vigilant in these times.
This may be the most important economics blog I have written. This video summarizes how the entire system works for all to understand. The video will surely promote understanding about the intent of bailouts, bail-in’s, and Quantitative Easing. Who are the beneficiaries?
Sir Joshua Stamp, former Director of the Bank of England:
"Banking was conceived in iniquity and was born in sin. The 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 deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money." (Said to be from an informal talk at the University of Texas in the 1920s, but as yet unverified.)[12]
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