Say goodbye to the world you know – It no longer exists!
To this day, students of Economics learn that money is ‚created’ (produce) by the Central Banks. According to that, our people’s banks only lend the savings of their customers or have to borrow money from the Central Banks. We learn at an early age that people aren’t allowed to produce money. In reality, everything is completely different, and our whole money system is nothing but monumental bullshit!
Because as it turned out in the trial at the South Tyrolean Regional Court in Bolzano, the South Tyrolean Volksbank produced their own money and lent it as loans. The South Tyrolean Volksbank openly admitted this at the court. And not only that; According to the SCC, each and every small Volksbank or Sparkasse has been producing money for a long time – on a large scale. Of course, large banks do it too – on an even larger scale.
Banks are able to make money themselves because there is apparently no law that prohibits banks from doing so. Perhaps now you understand why our politicians want to abolish cash completely. Because, theoretically it would be possible that all borrowers want to have their loan paid out in cash – this would inevitably burst the monstrous air bubble of self-made money. And of course, this practice, which is so pleasant for banks, also has its disadvantages.
Bank failures, state bankruptcies, etc. have only become possible because banks permanently help themselves. The value of a currency is dramatically reduced because of the “virtual money” and has to be stabilized with dangerous tricks. If this goes wrong just like it did a few years ago, the taxpayers have to save the banks (or states).
Since this practice keeps increasing the world’s debt, taxpayers will no longer be able to pay the horrendous debt one day. However, banks should not be entitled to recover the money from their self-created loans. A number of lawyers believe that this is a logical consequence of the do-it-yourself money creation of our banks.
On November 13th, 2016, the German newspaper “Die Welt” wrote a very interesting article about this practice of the banks. Other newspapers reported on the trial in Bolzano and the money production of the banks as well. Now, you can no longer find a single word about it in the media. A search on Google only resulted in blog articles.
In their now-missing report, „Die Welt“ compared the international situation with a group of people who were standing on a beach as if paralyzed, even though they knew that a tsunami would come to devour all of them…