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RE: The hidden secret of how a bank account works
I learned about fractional reserve banking by chance, just watching random YouTube videos.
I didn't believe it at first.
It took me a few months for the truth to sink in.
I found out that when you ask for a loan from a bank you're not actually taking the banks money. The bank upon receipt of your signature declaring your agreement to repay the principal + interest literally creates a book entry and types new money into existence from thin air.
Your signature allows the bank to create money that did not exist.
All money that they create is debt, It's the world's largest scam.
Yes. You are correct. The rabbit hole goes even deeper. I've spoken about money a few times in my blog. There are other issues like your relationship to the state, how they turn your promissory notes into valuable securities and register them to get a CUSIP number and trade them on the markets as assets, which is another huge problem as debt should not be converted into an asset. That is not a morally or ethically valid activity. So now we are confronted with the choice: What are we going to do about it?
I chose to walk away and not play their game any more. Hence the subject matter of my entire blog. Welcome to steem!
The Rothschild's are behind it all, no?
They are one of the families. For me it is irrelevant. What matters most is that I recognize what has happened and remove myself from it all. When I do that peacefully they no longer control or influence me. I've taken my power back and self-govern. They lost one!