Miscopy

Tag: Slavery

  • What is Fractional Reserve Banking System

    What is Fractional Reserve Banking System

    Fractional Reserve Banking is a widely adopted practice in modern economies, whereby commercial banks are allowed to hold only a fraction of their deposit liabilities as reserves, while lending out the remaining funds.

    Looked at differently, Fractional Reserve Banking is a system employed by banks to create money and facilitate the flow of capital within an economy.

    While it all sounds good up to this point, Fractional Reserve Banking comes with negative consequences for the common people, which adversely affect the working class.

    Fractional Reserve Banking Explained:

    Fractional Reserve Banking is based on the principle that not all customers will demand their deposits simultaneously. Banks maintain a portion of their customers’ deposits as reserves to meet withdrawal demands while utilizing the remaining funds for loans and investments.

    The fractional reserve ratio, set by regulatory authorities (central banks), determines the minimum reserve requirement. The rest of the deposited funds can be lent out to borrowers, effectively creating new money in the economy through credit expansion.

    This process of money creation has a multiplier effect, allowing banks to lend out more than the original amount deposited.

    This means that when a you deposits $100 in a bank, the bank is allowed to lend out 90% of that money while keeping only a fraction as a reserve (e.g., $10). The remaining $90 can be loaned to other borrowers, thereby creating new money in the economy out of thin air.

    Impacts of Fractional Reserve Banking on the Common People:

    1. Inflation and Purchasing Power Erosion: By expanding the money supply through lending, banks contribute to inflationary pressures. As banks create more money through lending, the purchasing power of existing money diminishes. This disproportionately affects low-income individuals who have limited resources to offset rising prices.
    2. Financial Crises and Bank Runs: Fractional Reserve Banking creates the potential for bank runs and financial crises. If a significant number of depositors simultaneously demand their funds, banks may struggle to fulfill these obligations due to limited reserves. This can trigger panic and lead to a rush of withdrawals, potentially causing bank failures and economic instability.
    3. Inequality and Wealth Concentration: Fractional Reserve Banking can exacerbate wealth inequality. When banks create new money through lending, they primarily provide credit to borrowers who can provide collateral or meet strict eligibility criteria. This often excludes marginalized individuals and the working class, limiting their access to credit and perpetuating wealth concentration in the hands of the already affluent.

    Negative Impact of Fractional Reserve Banking on the Working Class:

    1. Debt Burden: Fractional Reserve Banking encourages borrowing, leading to increased levels of personal and household debt. The working class, often reliant on credit for essential expenses and emergencies, can become trapped in cycles of debt due to high interest rates and limited access to favorable borrowing terms. This burden can hinder financial mobility and exacerbate socioeconomic inequalities.
    2. Interest Rates and Credit Availability: The working class tends to face higher interest rates on loans, as banks factor in risk assessments based on income levels and credit histories. Moreover, during economic downturns or credit contractions, banks may tighten lending standards, making it even more challenging for the working class to access credit for education, housing, or starting businesses.
    3. Systemic Instability and Job Losses: The inherent risk in Fractional Reserve Banking can lead to economic instability, financial crises, and subsequent job losses. During downturns, banks may reduce lending, leading to diminished investment and business expansion. This, in turn, can have a negative impact on employment options for the working class people, contributing to job losses and with it – economic hardships.

    Conclusion:

    Fractional reserve banking has played a significant role in facilitating economic growth and providing liquidity within modern financial systems. However, it is important to acknowledge the potential drawbacks it poses for the common people, particularly the working class. Inflationary pressures, financial instability, increased wealth inequality, and a debt-dependent economy are some of the adverse effects associated with this system.

    As policymakers and economists strive for a more inclusive and stable financial system, it becomes imperative to address these concerns and seek alternative models that promote equitable growth and mitigate the risks posed by fractional reserve banking.

  • Jordan Maxwell and David Icke Discuss the Difference Between Common Law and Statute Law

    Jordan Maxwell and David Icke Discuss the Difference Between Common Law and Statute Law

    In a conversation between Jordan Maxwell and David Icke, the speakers discuss the difference between common law and statute law – the latter being developed for corporations during global trading, leading to the imposition of deceitful laws on the human race, supported by modern government institutions.

    The speakers argue that government institutions consider human beings as maritime admiralty products that are bought and sold using the birth certificate as security at the New York Stock Exchange. Governments and agencies are also viewed as corporations under the law of contracts, killing in the name of commerce and international operations.

    The speakers urge individuals to declare that they are not a corporate entity but rather a living and breathing man or woman, thus preventing the system from having jurisdiction over them.

    00:00:00

    In this section, Jordan Maxwell talks about his 50 years of research and how his work has remained largely unknown because it doesn’t involve the entertainment and distractions that Americans love, such as ball games. Maxwell shares childhood memories of wanting to listen to adult discussions instead of playing ball but was told that it wasn’t meant for children. He explains that politicians mislead people, hiding important information by telling them that they don’t need to know.

    00:05:00

    In this section, Jordan Maxwell and David Icke discuss the two systems of law: common law, which is based on the principle “Do no harm,” and statute law. Statute law was developed during global trading when laws applicable only to corporations were created, known as admiralty law or the law of the sea. This system of law is the basis for modern government institutions and has been imposed upon the human race, generation after generation, as a deceit. However, understanding the difference between common law and statute law offers a way to disconnect oneself from the impositions of government institutions and their nonsense laws.

    00:10:00

    In this section, David Icke explains the difference between common law and statute law, which is the law of contracts. He notes that these laws only have jurisdiction over individuals who contract with them, and that people can avoid contracting by understanding the word and mind tricks used by governments to make individuals comply. Additionally, Icke discusses how individuals have been trained through schools and propaganda to blindly follow orders, and how the government treats individuals as maritime admiralty products that are a part of the law of the water. He explains that people are referred to as human resources, not as men or women, and how the government sees the individual as a property of the New York Stock Exchange.

    00:15:00

    In this section, the speakers discuss how human beings are considered to be a maritime admiralty product rather than a man or woman in the eyes of the law. The birth certificate is seen as a security on the New York Stock Exchange, and individuals are considered to be human resources that are being bought and sold by the privately-owned corporation called the United States. Governments and their agencies are also corporations under the law of contracts and the sea, which only applies between contracting corporations. The speakers argue that the killing of people around the world is not personal but just business, as governments and corporations operate in the name of commerce and international operation.

    00:20:00

    In this section, Maxwell and Icke discuss how the government and corporations view individuals as maritime admiralty products, which are essentially goods that can be bought and sold. As a result, the original birth certificate represents a person’s physical body that the British crown through international banking owns. Anyone wealthy is preferred stock while the poor is common stock, and your body is bought and sold using your birth certificate. To do this, these entities create a second version of you, using all capital letters, to control and deal with you. The judge ruling sits in the bench, the Latin word for bank, which is why only all-capital letters can be dealt with by banks and the government. In understanding this, individuals don’t need to submit themselves but learn to refuse the court’s commercial venture called the court.

    00:25:00

    In this section, the speaker discusses the history of the United States and England, and how the British Grand Lodge Free Masonic system called Inns of Court has manipulated and lied to the American people. The speaker emphasizes that Americans should not feel obligated to go to court, as this is what makes the difference between a free man and a slave. The British royalty realized their loss to America on the field of battle and decided to create a government and sign contracts with the Americans, eventually turning governments and agencies into private corporate entities. However, they made it impossible for statute law to apply to living, breathing men and women who are not corporate entities by creating a fictitious corporate entity for a child’s name on their birth certificate.

    00:30:00

    In this section, David Icke explains how the government and institutions of state manipulate the population by creating fictitious corporate entities in our names, such as Mr. David born Ike, and getting us to believe that we are this entity rather than the living, breathing person. By doing so, they can impose their will upon us and get us to contract with them via this fictitious entity. David goes on to explain that the police officers who interact with us are administering corporate law that requires a contract with the individual, but they have no idea that they are doing so. Furthermore, the phrases used by the population have a different meaning in legalese, with police officers regularly using the phrase “do you understand,” which actually means “do you stand under me,” or do you contract with my authority.

    00:35:00

    In this section, the speaker urges people to declare that they do not stand under the system of corporate law, and that they are not a corporate entity but rather a living and breathing man or woman. By not consenting and not contracting with the system, the individual can prevent it from having jurisdiction over them. They also mention that the system uses manipulation and fear tactics to control people and that they are tired of the lies and deception. They express a desire for freedom and the hope to see America free once again.

    YouTube Video