Most of what's being said about the IMF and World Bank focus mainly on their policies. The real problem of the global financial system is more deeply rooted than just its policy. It's STRUCTURE is the real problem!
Take the USA for example (every major country in the world has a similar arrangement): The Federal Reserve Bank CREATES money out of nothing, and LOANS it into circulation. (The Federal Reserve is a PRIVATELY owned company, just like Federal Express.) Look at a "dollar bill." It says "Federal Reserve Note." It is a bank note! A check! That's why it has a serial number. That's the check number. It's just like you writing a check for one dollar, and people passing that around as currency. The only difference is, the Federal Reserve isn't required to have enough money on deposit to cover all its checks! They call it "fractional reserve banking."
When you deposit money in the bank, it deposits the money in the Federal Reserve. The local bank can then borrow up to seven times that amount of money from the Federal Reserve (Where does the Federal Reserve get that money? They just make it up!), which it then loans out in the form of mortgages, etc. That money gets deposited in the land developers' bank account, his suppliers' accounts, his employees' accounts, etc. Those banks then deposit that money in the Federal Reserve, and can now borrow up to seven times that sevenfold amount. This pyramid scheme continues through numerous cycles.
All loans must be repaid, plus interest (usually about four times the principal amount, over the life of the loan). The only way the population can obtain money to pay the interest is to borrow more money!
Every time the bank loans money, it takes collateral; usually, your home or business. So when the people borrow more money, we have to post more collateral! This gives the banks ownership of more and more of the world's property! Eventually, the world will run out of collateral. The banks will then own everything! This is what the system is designed to do! It transfers ownership of all the world's assets from the people to the banks!
Since no one will have any collateral, no one can borrow any new money, no new money can come into circulation, so the interest cannot be paid. The banks can then foreclose on the whole world! COMPLETE worldwide financial collapse is inevitable!
Every country in the world has a similar arrangement. And it's the same small group of men who own ALL the central banks of ALL the countries in the world!
Canceling the debt of just the world's poorest countries is not enough. ALL of the debt of ALL the world's countries should be cancelled! Why? Because ALL the money in the world is fraudulent! It is based on nothing! ALL OF THE WORLD'S DEBT IS FRAUDULENT, because THE MONEY THAT HAS BEEN LOANED IS FRAUDULENT!
The Bible gives us the example for the ideal financial system. In the Old Testament, EVERYONE owned their own land, free and clear. No mortgages, no property tax, no inheritance tax. Every seven years, all debt was cancelled. Every fifty years, if anyone had sold his land, it was given back to his heirs free and clear!
There was no homelessness! Everyone had a home guaranteed by law! There was no NEED for welfare! Everyone had land on which to grow food!
ALL of the world's central banks should be ABOLISHED! Money should be created by GOVERNMENTS, and SPENT into circulation!
To see more articles on how the Bible lays out the ideal system of economic justice, visit http:come.to/J.E.F.F./
This flyer is on the internet at: http://come.to/J.E.F.F./
Please visit the web site to see other articles about how your rights and well being depend on Godly government.
Don't have internet access? Try your local library! Many public libraries have computers where you can see what's on the internet!
