MONEY: How it works, who has it, how they got it and where it comes from. What changed my life was learning about how money is created. I worked in the banking industry well over 10 years and I learned a thing or two. I promise you that this is by far the most important financial aspect you will learn in your lifetime.

Currently the Federal Government spends more than they gather in taxes each year, entirely because they’re paying all of the revenue towards interest on previous years' loans. So, what they do is have the Treasury print U.S. Bonds to exchange for loans from the privately owned Federal Reserve System.

The Federal Reserve creates it, via a bookkeeping entry, and writes a check to the U.S. Government as a loan in exchange for the U.S. Bonds.

The Government now uses this newly created money to pump into the economy by paying the Courts, Military employee, etc. These people then deposit their paychecks in a commercial bank,say Bank of America for example. The commercial banks deposit the customers’ check (newly deposited money) at their local Federal Reserve Bank and the Reserve Bank allows the commercial bank to issue up to 33 times more new electronic money, some of which is used to cover the customers’ initial deposit. This is called "Fractional Reserve Banking."

When you sign a loan or credit card application and send it in, (say you are approved for $10,000.00) the commercial bank stamps the back of the application, as if it were a check, with the words: ’Pay $10,000.00 to the order of... which changes your application into a promissory note.

They then deposit the promissory note at the local Federal Reserve Bank as new money. This new money is now a 3% fraction of what the commercial bank may now create and do whatever they want with.

So $330,000.00, minus the original $10,000.00, is now added to the commercial bank’s coffers. They then open a demand deposit transaction account in your name, (the same as a checking account), deposit $10,000.00 of their newly acquired funds into this account and then issue you a debit or (in this case) a credit card or paper check. Remember - it’s all just bookkeeping entries, because our money is backed by nothing.

Your asset, the original promissory note, not only funds your own supposed loan, but allows them to pocket up to 33 times the amount for doing nothing but fancy, yet fraudulent, bookkeeping entries. So, you funded your own loan, and they get to permanently keep your asset, the promissory note, along with the additional $320,000.00.

So keep in mind and make others aware that The Government Owns You. So my question to you is.... what are you going to do about it?

~HeavenLeeOps