Banking knowledge gives you power, and it’s time people are aware of the realities around banking.

Don’t believe everything you read, and do your own research. The biggest [un]truth-tellers are the banksters themselves…

Here’s eleven questions to get your head around banking knowledge.

Do you know:

1. No bank lends money deposited with it?
2. When a bank lends money it CREATES it out of nothing?
3. That bank loans (formerly pen and ink entries in a book) are simply electronic digits in the debit credit columns of a bank’s ledger on a computer screen? They have no other existence.
4. Practically all the money in the community (around 90%) comes into circulation as a debt to the banks?
5. Money loaned by a Government bank is just as much a debt to the people as if it were loaned from a private bank?
6. The term “fixed deposits” are a smoke-screen to hide the creation of credit?
7. Has it ever occur to you that the banks enjoy this unique facility of creating credit and putting the nation progressively into debt-bondage… because they create FINANCIAL credit against the REAL credit created by the people?
8. Do you realise that every time a Government borrows money for a public work, the people are debited with the liability (in perpetuity), but are never credited with the value of the asset?
9. Or that every repayment of a bank loan cancels the amount of the loan out of existence?
10. And that Treasury Notes are Government I.O.U.’s — national pawn tickets for pledging the assets of the country to the banks for the loan of OUR OWN financial credit?
11. Do you know that banks purchase bank sites, build premises, and acquire assets at no real cost whatever to themselves … by the simple process of honouring their own cheques?