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In the false system of Debtism, bank robbers, greedy Wall St bankers and Hollywood play an invaluable service- promoting the illusion that the monetary system is real and based on a carefully and tightly managed control of assets. |
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In fact, the opposite is true even today. Most money in circulation is electronic, having nothing to support it but the “illusion” of being real. What is worse, is that this “illusionary” money is not being created by some government department, but by bank employees accessing computer terminals every day—and it is the customers that are unwittingly making it happen. |
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The Great Illusion- creating money out of thin air |
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When you think of a million dollars, you may think of having to work a lifetime, or possibly a few decades in a good job, saving and sacrificing in the hope that in the end you may have a million dollars. But when a modern commercial bank under the false system of Debtism thinks of a million dollars, it is as fast as an authorized bank teller can type the keys on a keyboard and press enter—Presto! A million dollars has instantly been created out of thin air! |
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How is this possible? And if this is true, wouldn’t banks be tempted to create huge sums of fictitious money? The answer is yes it is not only possible, but how banking works under debtism and yes the fallout of banks creating hugs amounts of illusionary money and debt is the global financial crisis we are still witnessing today. |
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To understand how the Great Illusion works under Debtism, lets consider the standard mortgage. |
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When you sign the promissory note, you are making a contract guarantee to pay the bank money over a certain number of years. So long as the bank trusts the value of your promise, then once you leave, the bank will turn over the mortgage promissory note and stamp it with an official monetization stamp, demonstrating that the document is valid. An authorized bank employee will then lean over to their keyboard and punch in a few numbers and in a few moments, the total amount of money for the mortgage will be instantly created out of thin air—that’s right, the money the bank “loans” you was just created out of thin air. |
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But the bank will not be finished with the illusion. Your promissory note is valuable property. So too is any signed insurance agreement. What most banks then do is go and sell your promissory note as a bond, and often your insurance against the loan as a separate bond within days of you signing the agreement. In other words, the bank has already made close one and a half times the total value of the mortgage in days of you just getting the money to buy the house. |
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Say you stopped paying your mortgage, the bank would not be out of pocket—they have already made a tidy profit selling your promissory note and insurance agreement. But the law permits the bank to be cruel and heartless and take your home, which you paid for with money you helped create anyway—for debtism depends on maintaining the illusion that the money is real and that commercial banks do not act in such an immoral way. |
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It is why, rarely has a bank ever been able to produce the original contract—the original promissory note in any court of law anywhere in the world—a fundamental breach of contract law, enough under the maxim and rule of law to have the case brought by the bank thrown out of court. However, in the case of mortgages, the courts permit the rule of law to be suspended and corrupted to favour the banks. |
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Make no mistake, everytime a court of law refuses to acknowledge the requirement of the bank to produce the original contract (promissory note) in court and rules in favour of the bank the judge, the clerk and all officers of the court are committing criminal acts against all known rule of law concerning the law of contracts for thousands of years. |
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Why then would courts of law permit such corruption? Because a failsafe against the courts exposing the false system of debtism was to make the courts themselves “bond factories”, by creating hidden bonds for each crime, adding them to the hidden trust and splitting the commission with the most senior court officials . |
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So profitable has the bond system become that the court systems in many industrialized countries actually promote the continued breakdown of law by releasing known rapists, murderers and pedophiles—because the bonds produced by the perverse system of Debtism in the bonding of crime has become a powerful source of bonds to support the currency of the nation. |
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It is easy to consider the power of this corruption when the estimated value of a U.S. bond for murder at $5 million is applied to even ten thousand cases per year—that is fifty billion in bonds—a powerful incentive under Debtism to allow those murderers to go free if any technicality can be found. |
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Next > The end of Debtism |
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False Capitalism The "Great Illusion" 
