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With (1) the rapid increase in the number of countries "joining"

together under the financial jurisdiction of what are becoming bigger,
multinational (privately owned) central banks, and (2) the
nationalization of American central banks as of recent (with talks for
more bottom dollar buy-outs and industry-wide assumptions), it is
important as citizens of the most economically powerful nation in
history we understand the threat this poses to economic sovereignty+
and prosperity++. American media networks are chock full of opinions
and false controversy. (Ex. Who to help? Auto Industry? Home-
owner? Wall Street?) The writer will not pretend to know aspects of
this problem or to divulge or digress on things which are better left to
more educated individuals. This paper was not written to scrutinize or
give opinion; merely to accurately redirect the reader’s attention to
the source of the problem. American attention is NEVER directed to
the basic practice of the PRIVATE BANK congress authorized to
PRINT our money 95 years ago, that, if corrected, would improve ALL
commerce and industry. Interest, and interest-reliant, fractional
reserve banking, if outlawed, would help all industry more than one
can imagine. The writer would like to aim your attention at
INTEREST.

It is not difficult to grasp the basic principles of fractional reserve

banking, but very few people can tell you how it works. This paper
has chosen the writer’s own historical example, but if one thinks my
interpretation is an oversimplification, or biased, I challenge one to
look up any history of central bankers. Indeed, Henry Ford once said
in regard to these policies "It is well enough that people of the nation
do not understand our banking and monetary system, for if they did, I
believe there would be a revolution before tomorrow morning. "
Fractional reserve banking, the origins of which are inherently
unknown, can best be explained by the example of the goldsmiths of
medieval England. It was here that fiat money, or paper money,
probably saw its origins. (A paper money system is not necessary to
practice fractional reserve banking, just simplest to explain) After
depositing gold into the trusted goldsmith’s vaults, one received a
piece of paper from the goldsmith denoting the amount deposited.
Eventually, these notes lost their ties to any specific, identifiable
deposit of gold. It was simply more convenient to make payment via
the receipt from the common goldsmith. Unwittingly to most, this
entrusted the goldsmith with enormous honesty. It was not long
before the goldsmith realized he could create more notes than he had
gold. This was because the people never came all at once to collect
their gold. This effectively lessens the value of other’s notes. On top
of excessive receipt creation, they began loaning, at interest, as
much as ten times as much as they had in their vaults, and this was
the birth of fractional reserve banking. Paying depositors, for
example, six percent interest, accounted for only ten percent of their
net business. They had loaned, at the same six percent, ten times as
much as they had deposited. In this example, they are making sixty
percent interest on depositor gold, already lessened in value.

Furthermore, by controlling loans issued (or lack thereof), the money

supply can be manipulated to produce what we know today as
"boom/bust" cycle, which in both cases, inflation or depression fattens
the usurer. If loans are no longer issued in the fractional reserve
system, it results in a calculable number of debtors unable to pay
back loans, and with the concurring contraction (or depression) in the
money supply that also results from no loans, assets of the debtor
can be assumed at pennies on the "dollar". For more information on
the almost globally accepted (and growing) policy of fractional
reserve banking, (and how the Federal Reserve created/exacerbated
the depression betwixt wars) please refer to the work of the late
Milton Friedman.

The Federal Reserve has only been around for ninety five (95) years.
Despite the deceptive "federal" in the name, it is defined as "quasi-
governmental and privately owned", with less than half of its board
presidentially assigned every 14 years. What most Americans don't
realize is that control of our money supply is not a new battle, and it
has changed hands 8 times since the American Revolution.
Presidents who fought to establish interest-free monetary policy
include James Madison, Andrew Jackson, Abraham Lincoln, James
Garfield, and John F Kennedy. What was the reason for the American
Revolution some may ask? According to knowledgable Diplomat
Benjamin Franklin, it was the authority to print money. In his
autobiography, Benjamin Franklin states that "The colonies would
gladly have borne the little tax on tea and other matters had it not
been that England took away from the colonies their money, which
created unemployment and dissatisfaction. The inability of the
colonists to get power to issue their own money permanently out of
the hands of George III and the international bankers was the prime
reason for the Revolutionary War." If you've been wondering about
the recent "bail-outs", I'd say your interest is justly piqued as an
American citizen. Why has the first post-9/11 "depression" seen the
government nationalizing industry? The Federal Reserve is currently
holding Fort Knox against the 9 trillion in interest we owe them. How
deep does the rabbit hole go?
Jim Harkins, citizen of the United Socialist States of Usury

What usury enables--"fractional reserve banking"

Ex.
DEPOSITS-at 6% interest, 10 people deposit $100 = Bank has
$1000, next month they owe $60 (+$1,000 original deposit) to
depositors.
LOANS-at 6% interest, 100 people borrow $100 = Bank prints
$9,000, next month they are owed $600(+$10,000 original loan) by
creditors.
This example is of a somewhat conservative fractional reserve
system. They have been known to loan 100x the amount they have in
reserve.
THIS IS WHAT HAPPENS WHEN YOU BUY BONDS.