positive money

"Traditional money systems depend on faith and
general ignorance to stay afloat." - Jason Rohrer

fractional reserves

"The truth is that no bank lends as much as a penny of the money deposited with it.

Every bank loan or overdraft is a creation of entirely new money (credit) and is a clear addition to the amount of money in the community.

It is no more than a record in a bank ledger or computer and is actually the creation of new money out of nothing." - Jane Birdwood

"The bank-debt currency system we have today is founded upon interest.

That's the motivation for banks to create money in the first place.

Creating money is only a side effect, irrelevant to the commercial bank, of their main purpose of earning a profit.

Another side effect is the necessity of perpetual economic growth and, consequently, the conversion of all common wealth into private monetary wealth." - Charles Eisenstein

"It started with goldsmiths.

Early bankers initially provided safekeeping services by making a profit from vault storage fees for gold and coins deposited.

People would redeem their "deposit receipts" whenever they needed gold or coins to purchase something, and physically take the gold or coins to the seller who, in turn, would deposit them for safekeeping, often with the same banker.

Everyone soon found that it was a lot easier simply to use the deposit receipts directly as a means of payment.

These receipts, promissary notes, were acceptable as money since whoever held them could go to the banker and exchange them for gold and coins.

Then, bankers discovered that they could make loans merely by giving their promise to pay, or bank notes, to borrowers.

In this way, banks began to create money.

More notes could be issued than the gold and coin on hand because only a portion of the notes outstanding would be presented for payment at any one time.

A fractional reserve of gold and coin had to be kept on hand to redeem whatever volume of notes was presented for payment.

Transaction deposits are the modern counterpart of bank notes.

It was a small step from printing notes to making book entries crediting deposits of borrowers, which the borrowers in turn could "spend" by writing checks." - Chicago Federal Reserve, Modern Money Mechanics

Banking families intermarry and keep to themselves building international dynasties of banking families.

Frederick Soddy defines banks as: "Institutions which pretend to lend money, and do not lend it, but create it, and when it is repaid to them, de-create it and have achieved the physically impossible miracle thereby, not only of getting something for nothing but also of getting perennial interest from it."

The money changers soon discovered that their control of this fraudulent paper promissary note money supply, as there was more paper in circulation than in deposits, gave them control over the economy and the assets of many of those who had borrowed money.

The money changers exacted their control of the economy and their wealth accumulation by manipulating the money supply - easy money and tight money - economic contraction and expansion.

Economists, financial marketers, refer to "the business cycle," "boom and bust," "recession," "depression", "tech bubble" and "housing bubble" in order to confuse and distract - even so "bubbles" are real.

In a fractional reserve banking system, such as the fiat paper money/fungible asset system used internationally, the debt has to continue to climb until, at some point, it must be forgiven.

The debtors can never aquire enough capital to fully pay off their debt.

In a closed fractional reserve system money is only printed through loans like the ones granted by the BIS today.

When $10 is deposited $100 is loaned out.

Assume an annual interest rate of 10%.

The borrower is required to pay $110 back to the bank, but $10 is still held as reserves by the bank and only $100 has been put out into circulation.

Where does the extra $10 to be paid as interest come from?

"Imagine the first bank which prints and lends out $100.

For its efforts it asks for the borrower to return $110 in one year; that is it asks for 10% interest.

The bank has created a mathematically impossible situation.

The only way in which the borrower can return 110 of the bank's notes is if the bank prints and lends more.

The result of creating 100 and demanding 110 in return, is that the collective borrowers of a nation are forever chasing a phantom which can never be caught; the mythical $10 that were never printed.

The debt in fact is unrepayable.

Each time $100 is printed, the nation's overall indebtedness to the system is increased by $110.

The only solution at present is increased borrowing to cover the principal plus the interest of what has been borrowed." - Roger Langrick

unique library index

This web site is not a commercial web site and is presented for educational purposes only.

This website defines a new perspective with which to engage reality to which its author adheres. The author feels that the falsification of reality outside personal experience has forged a populace unable to discern propaganda from reality and that this has been done purposefully by an international corporate cartel through their agents who wish to foist a corrupt version of reality on the human race. Religious intolerance occurs when any group refuses to tolerate religious practices, religious beliefs or persons due to their philosophical ideology. This web site marks the founding of a system of philosophy named The Truth of the Way of the Lumière Infinie - a rational gnostic mystery religion based on reason which requires no leap of faith, accepts no tithes, has no supreme leader, no church buildings and in which each and every individual is encouraged to develop a personal relation with the Creator and Sustainer through the pursuit of the knowledge of reality in the hope of curing the spiritual corruption that has enveloped the human spirit. The tenets of The Truth of the Way of the Lumière Infinie are spelled out in detail on this web site by the author. Violent acts against individuals due to their religious beliefs in America is considered a "hate crime."

This web site in no way condones violence. To the contrary the intent here is to reduce the violence that is already occurring due to the international corporate cartels desire to control the human race. The international corporate cartel already controls the world economic system, corporate media worldwide, the global industrial military entertainment complex and is responsible for the collapse of morals, the elevation of self-centered behavior and the destruction of global ecosystems. Civilization is based on coöperation. Coöperation does not occur at the point of a gun.

American social mores and values have declined precipitously over the last century as the corrupt international cartel has garnered more and more power. This power rests in the ability to deceive the populace in general through corporate media by pressing emotional buttons which have been preprogrammed into the population through prior corporate media psychological operations. The results have been the destruction of the family and the destruction of social structures that do not adhere to the corrupt international elites vision of a perfect world. Through distraction and coercion the direction of thought of the bulk of the population has been directed toward solutions proposed by the corrupt international elite that further consolidates their power and which further their purposes.

All views and opinions presented on this web site are the views and opinions of individual human men and women that, through their writings, showed the capacity for intelligent, reasonable, rational, insightful and unpopular thought. All factual information presented on this web site is believed to be true and accurate and is presented as originally presented in print media which may or may not have originally presented the facts truthfully. Opinion and thoughts have been adapted, edited, corrected, redacted, combined, added to, re-edited and re-corrected as nearly all opinion and thought has been throughout time but has been done so in the spirit of the original writer with the intent of making his or her thoughts and opinions clearer and relevant to the reader in the present time.

Fair Use Notice
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of criminal justice, human rights, political, economic, democratic, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information see: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Dedicated to the establishment of knowledge, truth, justice and a clear understanding of reality as the American way!
Copyright © Lawrence Turner
All Rights Reserved