Below is a portion of an article By Washington’s Blog
Who creates money?
Most people assume that money is created by governments … or perhaps central banks.
In reality – as noted by the Bank of England, Britain’s central bank – 97% of all money in circulation is created by private banks.
But how do private banks create money?
We’ve all been taught that banks first take in deposits, and then they loan out those deposits to folks who want to borrow.
But this is a myth …
Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.
The reality of how money is created today differs from the description found in some economics textbooks:
One common misconception is that banks act simply as intermediaries, lending out the deposits that savers place with them. In this view deposits are typically ‘created’ by the saving decisions of households, and banks then ‘lend out’ those existing deposits to borrowers, for example to companies looking to finance investment or individuals wanting to purchase houses.
In reality in the modern economy, commercial banks are the creators of deposit money …. Rather than banks lending out deposits that are placed with them, the act of lending creates deposits — the reverse of the sequence typically described in textbooks.
The bank does not actually make any money available to the borrower: No transfer of funds from anywhere to the customer or indeed the customer’s account takes place. There is no equal reduction in the balance of another account to defray the borrower. Instead, the bank simply re-classified its liabilities, changing the ‘accounts payable’ obligation arising from the bank loan contract to another liability category called ‘customer deposits’.
While the borrower is given the impression that the bank had transferred money from its capital, reserves or other accounts to the borrower’s account (as indeed major theories of banking, the financial intermediation and fractional reserve theories, erroneously claim), in reality this is not the case. Neither the bank nor the customer deposited any money, nor were any funds from anywhere outside the bank utilised to make the deposit in the borrower’s account. Indeed, there was no depositing of any funds.
The bank’s liability is simply re-named a ‘bank deposit’.
Banks create money when they grant a loan: they invent a fictitious customer deposit, which the central bank and all users of our monetary system, consider to be ‘money’, indistinguishable from ‘real’ deposits not newly invented by the banks. Thus banks do not just grant credit, they create credit, and simultaneously they create money
The so-called elite will finally be fleeced of all their ill goten gains, and true money may very well be re-introduced.
When Mystery Babylon is destoyed the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: The merchandise of gold, and silver, and precious stones, and of pearls..Rev 18:11-12
Gold and Silver will once again represent real wealth during the Great Tribulation period until the Beast system is also destroyed.
The Judgment of the Great Whore at the hands of the ten kings that give their allegiance to the Beast will represent the implementation of the final or fourth World Kingdom that brings with it devastating destruction.
Rev 19:2 For true and righteous are his judgments: for he hath judged the great whore, which did corrupt the earth with her fornication, and hath avenged the blood of his servants at her hand.
Those that have ruled and controlled most of the world through deception, and untold crimes against humanity will be destroyed suddenly and without warning. As well all who have supported, or turned a blind eye towards her atrocities will be punished severely.
The Great Whore has infiltrated the Christian church corrupting it with the fruit of her intoxicating doctrines by means of the false teachers in the Christian church.
To follow after the commandments and doctrines of man, is representative of yet another false religion.
One of the doctrines of what we refer to as the judeo-christian cult, is the baseless claim that the establishment of the modern day nation of Israel represents the second gathering of Israel. The establishment of the fourth World Kingdom, will prove this to be false.
Those without spiritual enlightenment, buy into this lie and many others. They are the luke-warm frauds and fakers, that pretend to be Christians.
Christians that have been sealed with the Holy Spirit of promise are given the power to endure the persecutions brought forth during the fourth World Kingdom. They are the true Israel of God, the Elect and the Chosen ones that Christ dwells in (Gal 6:14-16).
The gathering together of the Elect unto a Holy Jerusalem will not happen until Christ’s Second Advent (Isa 51:1-19).
The two nations that claim God’s blessings, have also turned a blind eye to the atrocities committed at the hands of their demonic leaders.
While the majority in America and Israel tolerate and even applaud crimes against humanity, in order to maintain a materialistic life style at the expense of others, true Christians and many others, find this behavior reprehensible.
Matt 13:15 For this people’s heart is waxed gross, and their ears are dull of hearing, and their eyes they have closed; lest at any time they should see with their eyes, and hear with their ears, and should understand with their heart, and should be converted, and I should heal them.
The demented behavior that condones murder, theft and the destruction of others represents a phenomenon known as the nation state exceptionalism syndrome. False jews and Christians both adhere to this mindset, with the first group controlling the later. The fourth World Kingdom will crush both of these people groups.
A world changing prophetic reset is underway, and with it comes a new Confederation of nations that will completely destroy the current regime and her masters of deception and death.
Russia, China and Iran may well be the start of the ten nation confederacy will prove to be the final blow to the old New World Order. They will utterly destroy the Zionist controlled American killing machine.
U.S. and Israeli exceptionalism will finally cease to exist.
Sadly, many who base their understanding and faith on the doctrines of men will have their false sense of security stripped away.
Faith and hope that is based on self righteousness and deceit is a deadly belief system that leads unto damnation.
Matt 13:41 The Son of man shall send forth his angels, and they shall gather out of his kingdom all things that offend, and them which do iniquity.
Blessed are those who are persecuted for the Gospel of Christ, for they will inherit the kingdom of heaven (Matt 5:10).
This is not a popular verse for those that subscribe to the teaching of the masters of deception regarding the pre tribulation rapture.
Luke 21:17 And you shall be hated of all men for my name’s sake.
You shall be hated of all men is a burden that few can carry, but the reward for doing so makes this time of tribulation during the fourth World Kingdom bearable and worthwhile. To suffer alongside our Lord is an absolute necessity, as well it is evidence of what separates the chosen from those involved in a religious masquerade.
Matt 10:22 And ye shall be hated of all men for my name’s sake: but he that endures to the end shall be saved.
When the majority of our time, treasures and talents are invested in this present evil world, it is impossible to say that we live for Jesus.
We can’t claim to want to be delivered from evil, while participating in self delusion in order to protect and justify your own selfish desires, which are evil. Those who don’t follow after the traditions of man are hated for daring to speak that which is given to them by the Holy Spirit.
1 John 2:15 Love not the world, neither the things that are in the world. If any man love the world, the love of the Father is not in him.
How many who claim to be born again Christians, are in fact in bondage to sin as a result of the frauds at the pulpit that have tickled their ears, telling them all they desire to hear.
It is a great tragedy to never experience the true indwelling of the Holy Spirit, and yet claim to be born again without any evidence that this transformation has taken place.
In order to convince the false church that the rapture, or gathering of the elect occurs before this end time tribulation, many deceptive doctrines are introduced.
He as God sits in the Temple of God, is part of a verse that is one of the most misused and misunderstood in relationship to both Prophecy, and the Christian Identity.
The gross misrepresentation of this verse is used to propagate the false theory of a rebuilt jewish temple in the last days.
2 Thes 2:4 Who opposeth and exalteth himself above all that is called God, or that is worshipped; so that he as God sitteth in the temple of God, shewing himself that he is God.
Satan seeks to impersonate God, and the place where the Holy Spirit should dwell often is occupied by him.
1 Cor 3:16-17 Know ye not that ye are the temple of God, and that the Spirit of God dwells in you? If any man defile the temple of God, him shall God destroy; for the temple of God is holy, which temple ye are.
The phrase,”He as God sits in the Temple of God” should not be a mystery. Scripture informs us that Satan is the god of this world.
Satan imitating God, dwells in the place of God, showing himself that he is a god (1 Cor 3:16; 6:19; 2 Cor 6:16; Acts 7:48; 17:24; Rev 11:19).
2 Thes 2:5 Remember ye not, that, when I was yet with you, I told you these things?
What were the things that Paul told the Thessalonians earlier on regarding the return of Jesus?
We which are alive and remain unto the coming of the Lord, shall not prevent the dead in Christ from rising (1 Thes 4:15-16).
Afterwards we which are alive and remain, shall be caught up together to join those that Christ brings to reign on earth with Him (1 Thes 4:17, Mat 6:10, Isa 11:6, 11, Isa 25:8-9).
We are not taken to Heaven. Christ brings the Heavenly host to earth to reign with Him. This fulfills the prophetic answer to the prayer He taught, namely, thy Kingdom come…on earth as it is in Heaven.
The very first warning Jesus gives us regarding the last days is not to be deceived (Luke 21:8).
Great deception within Christianity occurs as a result of biased interpretations, made by impostors that have an appearance of Godliness. The false teachers in the Christian church do not want their followers to discover the Spirit of Truth.
Because very few even understand what it means to be baptized with the Holy Spirit, deception within Christianity does indeed flourish.
It is the Comforter that Christ sent that teaches us all things, and prevents us from following the deceptive doctrines of men. Far too many confuse the tingling sensation they experience from an entertaining well orchestrated cinematic like production, at a building called the church, with that of the infilling of the Holy Spirit given unto the true church.
The deceptive doctrines given by the self-righteous and hypocritical impostors should prove that they deny the true power of Christ. However many want a messenger that will allow them to be comfortable in their sin; these simply wish to be lulled to sleep (2 Tim 3:1-9, 2 Tim 4:3).
Romans 8:6 For to be carnally minded is death; but to be spiritually minded is life and peace.
False pretenses may be a statutory offense in a court of law, but when dealing with matters of spirituality they are quite deadly in their consequences (Rom 6;16-23, Rom 8:2, 2 Cor 1:9).
The lack of spiritual discernment leads to the great deception and falling away that will occur during the fourth World Kingdom.
Romans 8:9 But ye are not in the flesh, but in the Spirit, if so be that the Spirit of God dwell in you. Now if any man have not the Spirit of Christ, he is none of his.