The People of God vs the Banks (Fractional Reserve System)

At The Free Children of Enki Yahweh, we believe in aligning with God's law in all aspects of life, including our financial practices. As part of our commitment to spiritual growth and personal enlightenment, we aim to educate our community about the impact of the banks' fractional reserve system on our society.

The fractional reserve banking system - is modern slavery and the theft of assets and freedoms given to us all by god alone.

Society today is composed of a series of institutions from political institutions, legal institutions, religious institutions to institutions of social class, familiar values and occupational specialisation. 

It is obvious the profound influence traditional structures in shaping or understandings respect of all the social institutions are born into directed by conditioning and the illusion of exucation

It is clear to me and the followers of Enki there there is no system taken for granted and misunderstood as the monetary system taking on nearly religious biblical proportions. 

The established monetary institution exists as one of the most unquestioned and misunderstood forms of faith of demonic intent there is!

How money is created ,the policies by which it is governed, and how it truly affects society or unregistered interests of the great majority of the global population.

In a world were one percent of the population owns 40% of the assets, in a world world where 34,000 children die every single day from poverty and preventable diseases and where 50% of the worlds population lives on less than $2 a day one thing is clear Something is very wrong and whether we are aware of it or not we all know this must change as this is not permitted under gods law

The devil is in money

the blood of all of our established institutions and possibly society itself is literally blood money and the system is dependant on more money therefore understanding the institution of monetary policy is critical understanding I feel.

I will attempt an interpretation of why our in my opinion our lives are structured the way they are and the way the government and corporations using the bank steal the freedoms given to us by god 

Unfortunately economics is often viewed with confusion and boredom, endless streams of financial jargon, coupled with intimidating mathematics quickly deter people from attempts at understanding this. In this page I will attempt a crude way of explaining this

However, the fact is the complexity associated with the financial system is merely a Mask designed to conceal one of the most socially paralysing structures, humanity is ever endured.

A number of years ago, the central bank of the United States, the federal reserve produced a document, entitled modern money mechanics. This publication detailed the institutionalised practice of money creation as utilised by the federal reserve and the web of global commercial banks it supports on the opening page. The document states its objective. The purpose of this booklet is to describe the basic process of money creation in a fractional reserve banking system Then proceeds to describe the fractional reserve process through various banking terminology a translation of which goes something like this. The United States government decides it needs some money so it calls of the federal reserve and request say $10 billion. The federal replies saying sure will buy 10 billion in government bonds from you so the government takes some pieces of paper paints some official designs on them and calls them treasury bonds. Then it puts a value on these bonds to the sum of $10 billion and send them over to the federal reserve. In turn The people at the Fed drop a bunch of impressive pieces of paper themselves only this time calling them federal reserve notes also designated value of $10 billion to the set .the fed then takes these notes and trades them for the bonds. Once the exchange is complete. The government then takes the 10 billion and federal reserve notes and deposits it into a bank account and upon this deposit paper notes officially become legal tender money, adding 10,000,000,000 to the US money supply and there it is 10 billion new money has been created. 

Of course. This example is a generalisation for in reality this transaction would occur electronically with no paper used at all. In fact, only 3% of the US money supply exists in physical currency. The other 97% essentially exists in computers alone 

Now government bonds are by design instruments of debt, and when the Fed purchases these bonds with money of essentially created out of thin air, the government is actually promising to pay back that money to the Fed. In other words the money was created out of debt, this mind, numbing, paradox of how money or value can be created out of debt or liability will become more clear as we further this exercise, 

so the exchange has been made and now $10 billion sits in a commercial bank account here is where it gets really interesting for is based on the fractional reserve practice that $10 billion deposit instantly becomes part of the bank reserves, just as all deposits do , and regarding reserve requirements as stated in modern money mechanics, a bank must maintain legally required reserves equal to a prescribed percentage of its deposits and then quantifies this by stating under current regulations. The reserve requirement against most transaction accounts is 10%. This means that with a $10 billion deposit, 10% or 1 billion is held as the required reserve while the other 9 billion is considered an excessive reserve and can be used as the bases for new loans 

 

Now it is logical to assume that 9 billion is literally coming out of the existing $10 billion deposit. However this is actually not the case what really happens is that the 9 billion is simply created out of thin air on top of the existing $10 billion deposit. This is how the money supply is expanded as stated in modern money mechanics. Of course they bank do not really pay out loans from the money they receive as deposits if they did this no additional money would be created what they do when they make loans is to accept promissory notes loan contracts in exchange for credits money to the borrowers transaction accounts. In other words, the 9 billion can be created out of nothing simply because there is a demand for such a loan and that there is a $10 billion deposit to satisfy the reserve requirements. 

Now let’s assume that somebody walks into this bank and borrow the new available $9 billion. They will then most likely take that money and deposited into their own bank account. 

The process then repeats that deposit becomes part of the bank reserves, 10% isolated and 90% of the 9 billion or 8 .1 billion is now available as newly created money for more loans and of course that 8.1 can be loaned out and redeposited, creating an additional 7.200,000,000 to 6 500,000,000 to 5900,000,000 et cetera This deposit money creation loan cycle technically go onto infinity. The average mathematical result is that about $90 billion can be created on top of the original 10 billion in other words for every deposit that ever occurs in the banking systems about nine times that amount can be created out of thin air. 

 

So now we understand how money is created within Fractional reserve banking system a logical yet elusive question might come to mind what is actually giving this newly created money value the answer, the money that already exists the new money, essentially steals value from the existing money supply for the total pool of money is being increased irrespective to demand for goods and services, and as supply demand finds equilibrium, prices rise, diminishing the purchasing power of each individual dollar this is generally referred to as inflation and inflation is essentially a hidden tax on the public. 

 

What is the advice that you generally get that is inflate the currency

Money Advice that is inflate the currency. They don’t say the base the currency they don’t say value currency. They don’t say cheat to people who save  they say lower the interest rates. The real deception is when we distort the value of money when we create money out of thin air. We have no savings and you get their so-called capital to my question boils down to this. How in the world can we expect to solve the problems of inflation that is the increase in supply money with more inflation of course it can’t the fractional reserve system,Monetary expansion is inherently inflationary for the active expanding the money supply without their being a proportional expansion of goods and services in the economy will always debase a currency in fact, a quick glance at the historical values of the US dollar versus the money supply reflects this point, definitively for the inverse relationship is obvious  $1 in 1913 required $21.60 in 2007 to match value that is a 96% evaluation since the federal reserve came into existence 

Now is this reality of inherent and perpetual inflation seems absurd and economically self-defeating hold that thought for absurdity is an understatement In regard to how our financial system really operates 

for our financial system Money is Debt and Debt is money a quick glance of the US money supply from 1950 to 2006 and the chart of the US national debt for the same time shows just How interestingly similar it is that the trends are virtually the same for the more money. There is the more debtors the more debt there is the more money there is 

 

to put it a different way every single dollar and your wallet is owed to somebody by somebody for remember the only way the money can come into existence is from loans therefore if everyone in the country were able to pay off all debts, including the government there would not be one dollar in circulation, 

 

in fact, the last time in American history, the national debt was completely paid off was an 1835 after President Andrew Jackson shut down the central bank that proceeded yhe federal reserve. In fact Jackson’s entire political platform essentially revolved around his commitment to shut down the central bank stating at one point the bold effort. The present bank has made to control the government, are but premonitions of the fate that awaits the American people should be deluded into a perpetuation of this institution for the establishment of another liking 

 

unfortunately This message was short and international bankers succeeded to install another central bank in 1913. The federal reserve, and as long as this institution exists, Perpetual Debt is guarantee 

 

so far. We have discussed the reality that money is created out of debt through loans. These loans are based on a banks reserves and reserves are derived from deposits and through this fractional reserve system, any one deposit and create nine times is original value to basing the existing money supply raising prices in society, and since all this money is created out of debt and circulated randomly through commerce. People become detached from their original debt and a disequilibrium exists where people are forced to compete for labour in order to pull enough money out of the money supply to cover their costs of living as disfunctional and backward all of this might seem there is still one fact omitted from this equation, and it is this element of the structure which reveals the truly fraudulent nature of the system itself. The application of interest when the government borrows money from the Fed or when a person borrows money from the bank it almost always has to be paid back with interest. In other words almost every single dollar that exists must be eventually returned to a bank with interest paid as well, but if all money is borrowed from the central bank and is expanded by commercial banks through loans Only what would be referred to as the principal is being created in the money supply so where is the money to cover all of the interest that’s charge .nowhere it doesn’t exist. The ramifications of this are staggering the amount of money owed back to the banks will always exceed the amount of money that is available in circulation. This is why inflation is a constant in the economy 

 

New Money is always needed to help cover the Perpetual deficit built into the system caused by the need to pay the interest. What this also means is that mathematical defaults and bankruptcy are literally built into the system and there will always be poor pockets of society that by force and deception get the short end of the stick and this means the entire would is nothing more than a game of musical chairs for once the music stops. Somebody is left out to dry And that’s the point as invariably this results in the transferal of assets of an individual directly back to the banks for example if you are unable to pay for your mortgage. They will take your property. This is particularly enraging when you realise that not only is such a default inevitable due to the fractional reserve practice, and I haven’t forgottten inheritance tax that is another blatant theft however we now also know the fact that the money that the bank loans to you didn’t even legally exist before your loan

 

in 1969. There was a Minnesota court case involved in a man named Jerome daily who is challenging the foreclosure of his home by the bank which provided the loan to purchase it. His argument was that the mortgage contract required both parties being and the bank each put up a legitimate form of property for the exchange in legal language. This is called consideration 

Mr daily explained that the money was in fact not the property of the bank it was created out of nothing as soon as the loan agreement was signed. Remember what modern money mechanics stated about loans, what they do when they make loans is to accept promissory notes in exchange for credits .reserves are unchanged by the loan transactions, but deposit credits constitute new additions to the total deposits of the banking system. In other words, the money doesn’t come out of their existing assets. The bank is simply inventing it putting up nothing of its own, except for theoretical liability on paper, as the court case progressed the bank president, Mr Morgan took the stand and the judges personal memorandum. He recalled that the plaintiff president admitted that in combination with the federal reserve bank did create the money and credit upon its books by bookkeeping entry, the money and credit first came into existence when they created it Mr Morgan admitted that no United States law or statute existed, which gave him the right to do this. A lawful consideration must exist and be tended to support the known. The jury found that there was no lawful consideration, and Im sure we now all agree. 

 

Mr Morgan also poetically added the statement “only God can create something value out of nothing”.

 

upon this revelation, the court rejected the banks claim for foreclosure and Jerome kept his home 

the truly biblical implication of this case is immensely important or for every one of us for every time you borrow money from the bank, whether it is a mortgage loan or a credit card charge. The money given to you is not only counterfeit,It is an illegitimate form of consideration and hence voids the contract to repay bank, this of course the result of the fact that the bank never held the money as property to begin with 

Is is personally sickening that such legal realisations are intentionally suppressed and ignored and we the people continue playing the demonic game of perpetual wealth transfer

 and of course by default this illegal perpetual debt continues and this brings us to the ultimate question….why do we allow this perpetual struggle to our fellow man. Join us and say “no more” for it is our children next!

 

There have been those who have tried to stop this disgraceful practice that I feel need to deserve a mention as I hope this prompts further reading

 

 During the American Civil War. President Lincoln presumably aware of this demonic practice bypassed the high interest loans offered by the European banks and decided to do what the founding fathers had always advocated for. This was to create an independent and inherently Debt Free currency. It was called the greenback 

 

Shortly after this was taken an internal document circulated between private British and American banking interest stated slavery is but the owning of labour and carries with the care of labourers ,while the European plan is that capital shall control labour by controlling wages. This can be done by controlling the money. It will not do to allow the green back as we cannot control that The fractional reserve policy perpetrated by the federal reserve, which has spread in practice to the great majority of banks in the world ,is in fact system of modern slavery 

 

Considering we now are aware that money is created out of debt and what do oppressed people do when they are in debt, they submit to employment to pay it back of course, but if money can only be created out of loans how can society ever be free as god intended, naturally it can’t and there in is the point, and it is the fear of losing assets, coupled with the struggle to keep up with the Perpetual debt and inflation, inherent in the system, compounded by the inescapable scarcity within the money supply itself created by the interest that can never be repaid that keeps the modern wage slave in line unknowingly in most cases forever running on the hamster wheel, along with with the unaware millions of others, in effect, powering and empire and fuelling is irrepressible greed for power dominion and territory, this system truly can only ever benefit the elite at the top of the pyramid which is drawn right there on the dollar

at the end of the day who are you really working for the bank money is created in the bank and variably ends up at the bank. They are the true masters acting as gods over us all along with the corporations and governments they support, 

 

Perhaps consider this also physical slavery and serfdom requires people to be housed and fed 

 

economic modern slavery requires people to feed themselves is one of the most ingenious scams for social manipulation ever created and its core. It is an invisible war against the population and is unacceptable for those who know they belong to god

Debt is the weapon used to conquer and enslave society and interest ammunition, and as the majority walks around, oblivious to this reality, the banks collusion with governments and corporations continue to, and expand their tactics of economic warfare, spawning new bases, such as the World Bank and international monetary fund, while also inventing a new type of soldier, the birth of the economic hitman.