BANKS DON’T LOAN MONEY!!!

Banks are nothing more than the creators of the money supply!!!

This was proven in the first empirical study in the 5000 year history of banking.

Banks are thought of as deposit taking institutions that lend money.

Legal reality….

BANKS DON’T TAKE DEPOSITS
BANKS DON’T LEND MONEY

A deposit is not a deposit, a bailment or money held in custody.

At law the word deposit is meaningless.

Your money is a loan to the bank. The banks borrow from the public.

What about lending you might ask?
Surely they’re lending money?

BANKS DON’T LEND MONEY
Banks are in the business of purchasing securities…..that’s it!!!!

Your loan contract and offer letter that you signed is at law nothing more than you issued a security namely your promissory note.
The bank purchases your promissory note.
The bank is doing something very different to what it presents to the public its doing.

The bank is just showing you its record of its debt to the public. It also owes you money and it’s record of the money it owes you is what you think you’re getting as money.

#banking101 #knowwhatyoursigning #banksdontlendmoney