Most of us involved in crypto-economics ,i must admit , are a bit sensitive about economy,the structure of modern economy ,the rules etc..
Most of us, not all of us can understand the mockery of FIAT economy but do we really know how the whole scheme begun?
Taking the opportunity by some micro-posts i made on noise.cash i'm going to spend a few lines not to lecture you but to refresh your knowledge about our Economic System!
Let me start by saying that all started back in 1791 when the first central bank under the name First Bank of the United States was created
Of course there is no such thing, there is no central Bank in terms of governmental institution, all central banks (i think 98% of them) belong to individuals, they are privately owned institutions
But lets leave aside this for a while and lets go back to the so called BUS ( First Bank of the US). This very well organized Scam lived for 20 years and during this period of time exploited peoples' portfolios and defraud the public
In 1811 their charter was declined and not able to be renewed by the Congress ,under public outrage and pressure so their illegal operation was finished but during their existence they established a legal form of usury and practiced fractional lending at a 10:1 rate!!!
By fractional lending we mean ( for those who don't understand the term) that for every 1 dollar they kept in their vaults they were creating 10 dollars out of thin air,out of nothing and they were lending them to individuals and corporations creating debt!
i'm gonna explain fractional lending in another post ,this is not our point in this one
So these smart crooks set the base, the foundation for the current FED, the current economic system, today's FIAT money
The Federal Reserve Bank, FED , the mother of all banks ,Ruler of the world's FIAT Economy (my god i feel like i hear Khaleesi in Game of Thrones) is not a government institution but a totally private individual institution
This institution practices fractional lending and and in return it charges interest
This institution is responsible for inflation and devaluation of FIAT money if you can say there is some value on the paper ( i say there is not but anyway)
But who is behind this institution? who are the ghosts that run our lives?
this is not conspiracy theory you can do your own research to find information
The FED's been running by 8 Families, their names are known
The Rothschilds of Paris and London, The Rochefellers , The Lehman brothers, and The Goldman Sachs of New York
The Kuhn Loebs and Warburgs of Germany
The Lazard Brothers of Paris and The Israel Moses Seif of Italy
These guys, till cryptoworld knocked their door could controled every single aspect of economy all around the globe
And be sure the FED is the only for-profit corporation in America that is excluded from both federal and state taxes
They take in about one trillion dollars per year tax free
The war that Crypto has initiated against their mockery system will continue, it has just started
The outcome of this fight is not known, of course we are here cause we believe in crypto freedom but will crypto fulfill its destiny or will it be consumed by this Federal Reserve Cartel??
Posted Using LeoFinance Beta