Banks regard the money you deposit as their property and use it accordingly...
NOW HEAR THIS and understand the name of the cruel game...
A SIMPLIFIED EXAMPLE:
Yesterday there was a sign outside the bank saying
WE HAVE NO MONEY TO LEND TODAY.
At 9 am next day YOU go in the bank and deposit £1000 (£ONE K)
The clerk rushes out and puts up a new sign saying...
WE HAVE MONEY TO LEND TODAY.
I see the sign and as I want a loan for a new car I go in and ask the bank for a loan of £9,000 which the manager approves....
Now, the only money the bank has in its safe to lend is the £1000
YOU deposited yesterday. BUT HERE'S THE MAGICAL SCAM.
HAPPENS IN EVERY BANK EVERY DAY...
The manager enters the figure £9,000 in MY account. He has leveraged YOUR deposit of £1000 to £9,000.
Of course your local bank is not privy to this high-end knowledge.
To continue... you write a cheque on your account and take it down the road to the car dealer and he sells you the car...
He takes your cheque for £9,000 and goes to his bank to deposit the £9000 in HIS account - now his bank can put up a sign outside saying...
WE HAVE MONEY TO LEND TODAY.
Joe Bloggs sees the sign and goes in to ask for a loan of £81,000 which the bank agrees and enters the figure of £81,000 in his account which he, Joe, can pay away wherever he wishes.
The bank, in both cases charge 10% interest to each borrower and signatures on two Promissory Notes promising to pay the interest and repay the loan over a period of 24 months.
FROM YOUR DEPOSIT OF £1000 (ONE THOUSAND) the bank has made for itself a total of £90,000.
NINETY THOUSAND £POUNDS from ONE THOUSAND.
It gives you say, TODAY, £30 for each of the 2 years.
AND NOW WE'RE GOING TO PAY BANK CHARGES.
GET IT?
The 1844 BANK ACT needs repealing and re-writing.
It was written in such a way that the banks could FOREVER steal the wages out of our purses and grow very, very fat.
I strongly suggest getting involved with this new approach to money and banking: http://lawfulbank.com/
