by Peter St. Onge via Whatfinger
Etienne Note: This article also appears in “Government”, Media and Academia Criminality Exposed, A digest of HUNDREDS and HUNDREDS of articles exposing and suggesting inter-generational organized crime's control of the "Government," Media and Academia by the Art of Liberty Foundation. You can view the other articles or subscribe on Telegram: https://t.me/Government_Scams
The American people are getting robbed for every angle We are slaves over Monopoly money. – Thomas Paine
thanks, I did not know this. We are taught that the fractional reserve banking system means that banks are only loaning out a percentage of their deposits while maintaining a small deposit at the fed. As pointed out by prof Richard Werner in a paper, banks actually create over 90% of the money supply. They simply credit your account when you take out a loan and create an asset for themselves for the outstanding loan, essentially creating money out of thin air. This has always been the system we are just told that the fractional reserve system is reality. You have pointed out that banks are paid interest on this modest reserve as well, no kidding too big to fail is an issue. – Stephen B
Grok says: The claim that 70% of bank profits come from Fed interest on reserves is likely exaggerated. Data suggests 2024 bank profits were ~$268B, with Fed interest payments ~$187B, closer to 69.8%. This is significant but not quite 70%, and includes non-bank institutions. Banks also earn from loans and fees. The policy is debated—some see it as a subsidy, others as vital for monetary control. Exact 2024 figures are unverified, so the claim’s precision is uncertain.
It appears that I am being double taxed. I pay federal income taxes which go to this insanity that the Professor has explained and I am paying an interest rate on my mortgage that is probably double what it should be (8.8%) because the Fed said so. Absolutely insane. – new Trucker Mike
New book by Etienne de la Boetie2 exposes that the government and Hollywood have been running a multi-generational, trillion-dollar psychological operation on the population to indoctrinate them into accepting a ruling class, confiscatory taxation, and inflationary fractional reserve currency issued by private banks.
The book details 25 unethically manipulative techniques the “government” and monopoly media have been secretly using on the population, ranging from a hidden curriculum in their mandatory schools and scouting to the secret placement of propaganda in over 1,000+ movies and 1,000+ television shows. These techniques include subliminal messages and product placement of the American flag “anchored” to moments of high-positive emotion during the “programming”.
See the Press Release with more details HERE.
Buy the book at SeeTheCage.com
Substack readers can get the book for FREE by “Going Paid” to ANY of the Art of Liberty Foundation’s four Substacks AND get access to all four of those Substacks! Simply “Go Paid” and we will reply with details.
