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HISTORY'S GREATEST
SWINDLE
BANKS CREATING
MONEY
Banks create money for themselves at a
rate, said by authorities, to be as much as 70 or 110 times the amount of money
deposited with them. The money is created "out of thin
air" or "from nothing" and lent to
borrowers, which is paid back to the banks with interest.
A loan of $100,000, so-created, at 10%
fixed interest and amorized over 10 years, will generate $158,580 into a bank's
coffers.
The money is not then returned to
"thin air" or "nothing", but
is kept by the bank.
The magnitude of the deceit, worldwide, is in the
order of trillions of dollars.
* * * * *
-Written by J.Wilson, PO Box 4520, North Rocks, NSW,
Australia.
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