Today, banks don’t actually lend out real money, but instead lend out notes or checks that are backed by a promise to pay. Before lending out these notes or checks, the borrower has to sign documents that have terms and conditions written on them along with a price tag (the amount of money the borrower agrees to pay back). A more specific name for these documents is “negotiable contracts,” “loan agreements,” or “promissory notes.” These negotiable contracts are basically IOUs with a natural person’s signature on them.
Due to the corruption in the financial system, central banks can legally create money out of thin air. However, they can’t lawfully create money. Unfortunately, the people have become too scared and ignorant to challenge the criminal banking system, and therefore the Banksters who control the banking system think they can do whatever they want.
Before I expose more secrets of the banking system, let us turn our attention to the two words lawful and legal. When it comes to the Western justice system, knowing the difference between these two words can either free you or enslave you.
There is no such thing as a bank loan. All bank loans are a fraud. It is illegal for them to loan money. All mortgages are a fraud. The sub-prime crisis was a fraud. The federal debt is a fraud. All government debt is a fraud. These banksters are thieves. It is all very satanic.