TV News LIES

Saturday, Feb 21st

Last update02:37:51 AM GMT

You are here News Economy TAKE BACK THE POWER TO CREATE MONEY FROM THE PRIVATE BANKING INDUSTRY

TAKE BACK THE POWER TO CREATE MONEY FROM THE PRIVATE BANKING INDUSTRY

E-mail Print PDF

The Constitution states, “Congress shall have the power to coin money and regulate the value thereof.” This power has been abdicated to private bankers. Today, 99.99% of our money is created by private banks when they make loans. This includes the Federal Reserve, a private banking corporation, which orders Federal Reserve Notes to be printed, and then lends them to the U.S. government. Only coins are actually created by the government itself. Coins compose only about 1-10,000th of the M3 money supply, and Federal Reserve Notes compose about 3% of it. All of the rest is created by banks as loans, something they do by simply writing numbers into accounts.

More...


Most Recent Related Stories...


Trump donor who criticized offshoring to close Ohio plant and move work to China

John PaulsonJohn Paulson, a hedge fund billionaire and one of Donald Trump’s earliest Wall Street backers, is...

The US is headed for mass unemployment, and no one is prepared

AI emplymentFor years, I opposed Universal Basic Income, firmly and reflexively. I treated it as a liberal...

US companies accused of ‘AI washing’ in citing artificial intelligence for job losses

Amazon headquartersOver the last year, US corporate leaders have often explained layoffs by saying the positions were...

UPS says it would cut up to 30,000 jobs this year as it aims to boost turnaround

UPS layoffsUnited Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026,...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!