Today in South Africa, some VIPs from the SA Reserve Bank -- including some of their secret shareholders I'm sure -- are ostensibly going to have a meeting, to decide whether they must increase the lending rate. This is to curb inflation they say, but that's an utter farce. They are pretending to fix a problem they created deliberately in the first place.
This is part of a world-wide scheme. Whenever Government drops a Treasury bond -- a piece of paper you can wipe yourself with -- in their laps, the central bank creates new money and lends that to the commercial banks. The public then borrows that money through the bankster’s fraudulent system of fractional reserve banking. How clever. This is highly inflationary because they pump billions of debt into the economy, lending more than what they have. That is plain theft. Prices now go up because people have more money to spend.
Moreover, the government borrows from them and then have an excuse to increase taxes; that is, of course, because we have to pay it back. That does not make them richer, no -- they have license to create money as much and as often as they want -- no, it makes us poorer. They are despicable, reprehensible thieves.
It's time we stand against these fraudsters. I'm not going to explain the whole system of their fraudulent system. Just paste "fractional reserve banking" into your favourite search engine.
Wikipedia euphemistically comments:
Although fractional-reserve banking is near universal, it is not without criticism. The primary criticisms relate to the financial risk note holders and depositors bear, and the impact bank notes and demand deposits have on the stock of money, and potentially its value (that is, the effect on inflation and the exchange rate). One proposed alternative to fractional reserve banking is making the practice illegal and classifying the practice as a form of embezzlement, only permitting full-reserve banking and allowing the concurrent issuance of debt-free fiat currency from the Treasury, which is supported by such monetary reformers as Stephen Zarlenga of the American Monetary Institute.
See SABC News
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SABC News reports:
"Economists say they are disappointed at the latest repo rate hike. Earlier Reserve Bank Governor, Tito Mboweni, announced an increase of 50 basis points in the rate at which it lends money to commercial banks. The prime lending rate will now rise to R15.5% from tomorrow."
The question is if he's aware of this conspiracy or not. If he is not, he's really a "useful idiot," but if he is, he's either blackmailed, or he's richly awarded.
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