This is a superb piece and explains in very succinct terms why the modern system of "fractional reserve" banking is such a complete con-job. If you ever had the feeling that you were being ripped off then it's probably because we all are, every day!
by Henry Makow, Ph.D.
International bankers live in fear.
Not of starvation, disease or war. These are the concerns of children in the Third World.
Bankers are terrified we might object to paying them billions each year in interest for money they create out of nothing, guaranteed by our taxes. (The Federal Reserve Board, a private cartel of mostly foreign banks, finagled this monopoly in 1913 [Bank of England in 1745].)
The bankers are frightened that, like the homeless man's dog, we might say "I can do this myself."
They are scared the government might go even further and "default" on trillions of make-believe "debt."
They are frightened of losing "control."
In order to sleep more soundly, the bankers have taken "steps."
These precautions help us to understand the world we live in, why it is becoming safer for bankers but less safe and more bizarre for everyone else.
First, people with money machines tend to have a lot of friends. The bankers helped their friends establish monopolies in oil, chemicals, pharmaceuticals, transportation, media,etc. and took a healthy stake. As you can imagine, these people are thick as thieves. Lawyers, journalists and intellectuals all vie for a piece of the action. (Servicing this cartel of cartels is what passes for success these days.)
The bankers' first precaution is to buy all the politicians. The second is to buy the major media outlets in order to promote the illusion politicians make decisions and represent our interests. The third precaution is to take control of the education system, ensuring that people stop thinking at an early age.
Then the bankers use the government and media to convince us that religion, nationalism and nuclear family are unfashionable, and WE want what THEY want.
Full story...