Do You Hear Laughter?
Do you know your banker is laughing at you?
Every time you ask for a loan...
Every time you make a payment...
Every time you use your credit card...
Yes, he has made a fool of you --
BECAUSE HE NEVER LENT YOU A CENT!!
But don't believe me... read it in their own publications:
"A deposit created through lending is a debt that has to be paid on demand of the depositor, just the same as the debt arising from a customer's deposit of checks or currency in the bank."
(Federal Reserve Bank of Chicago, Two Faces of Debt, p.19 -- call 312-322-5111 to get a free copy)"Of course they do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers' transaction accounts." (Federal Reserve Bank of Chicago, Modern Money Mechanics, p. 6 -- call 312-322-5111 to get a free copy)
Want to get the LAST LAUGH?
864-933-5269
Paid for by Citizens to elect Tom Schauf for President