LAURA KNIGHT-JADCZYK AND JOE QUINN
Since the 9/11 attacks, no book has provided a satisfactory answer as to WHY the attacks occurred and who was ultimately responsible for carrying them out - until now.
And Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, said:That is what our money system is. If there were no debts in our money system, there wouldn't be any money.
Debt (from the borrower's perspective) owed to banks is profit and income from the bank's perspective. In other words, banks are in the business of creating more debt ... i.e. finding more people who want to borrow larger sums.If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve.
We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.