Why You Should Start A Bank Of Your Own

Document    14 of 38........-So you want to start a bank!

Subject: Why You Should Start A Bank Of Your Own.
 The following extract from the British Humour magazine, Punch, 3 April
1957, has been circulated around the net some years ago, and it is repeated
here as an effort to better offer an understanding of REAL LIFE TODAY
Fractional-Reserve Banking.  I do not believe anyone could have said it
better.  Oh, by the way, it is also the introduction in the Book, The
Creature From Jekyll Island, by G. Edward Griffin, which is an absolute must
for the Citizen who wants to find out how the bankers gained total control
of our nation..

Q: What are banks for?
        A: To make money.
Q: For the customers?
        A:  For the banks.
Q: Why doesn't bank advertising mention this?
        A:  It would not be in good taste. But it is mentioned by
implication in references to reserves of $249,000,000 or thereabouts.  That
is the money that they have made.
Q:  Out of customers?
        A:  I suppose so.
Q:  They also mention Assets of $500,000,000 or thereabouts. Have they made
that too?
        A:  Not exactly.  That is the money they use to make money.
Q:  I see.  And they keep it in a safe somewhere?
        A:  Not at all.  They lend it to customers.
Q:  Then they haven't got it?
        A:  No.
Q:  Then how is it Assets?
        A:  They maintain that it would be if they got it back.
Q:  But they must have some money in a safe somewhere?
        A:  Yes, usually $500,000 or thereabouts. This is called
Q:  But if they've got it, how can they be liable for it?
        A:  Because it isn't theirs.
Q:  Then why do they have it?
        A:  It has been lent to them by customers.
Q:  You mean customers lend banks money?
        A:  In effect.  They put money into their accounts, so it is really
lent to the banks.
Q:  And what do the banks do with it?
        A:  Lend it to other customers.
Q:  But you said that money they lent to other people was Assets?
        A:  Yes.
Q:  Then Assets and Liabilities must be the same thing?
        A:  You can't really say that.
Q:  But you've just said it.  If I put $100.00 into my account the bank is
liable to have to pay it back, so it's Liabilities.  But they go and lend it
to someone else, and he is liable to have to pay it back, so it's Assets.
It's the same $100.00, isn't it?
        A:  Yes, But...
Q:  Then it cancels out. It means, doesn't it, that banks haven't really any
money at all?
        A:  Theoretically....
Q:  Never mind theoretically.  And if they haven't any money, where do they
get their Reserves of $249,000,000 or thereabouts?
        A:  I told you. That is the money they have made.
Q:  How?
        A:  Well, when they lend your $100.00 to someone they charge him
Q:  How much?
        A:  It depends on the Bank Rate.  Say five and a-half per cent.
That's their profit.
Q:  Why isn't it my profit?  Isn't it my money?
        A:  It's the theory of banking practice that......
Q:  When I lend them my $100.00 why don't I charge them interest?
        A:  You do.
Q:  You don't say. How much?
        A:  It depends on the Bank Rate. Say half a per cent.
Q:  Grasping of me, rather?
        A:  But that's only if you're not going to draw the money out again.
Q:  But of course, I'm going to draw it out again.  If I hadn't wanted to
draw it out again I could have buried it in the garden, couldn't I?
        A:  They wouldn't like you to draw it out again.
Q:  Why not?  If I keep it there you say it's a Liability. Wouldn't they be
glad if I reduced their Liabilities by removing it?
        A:  No.  Because if you remove it they can't lend it to anyone else.
Q:  But if I wanted to remove it they'd have to let me?
        A:  Certainly.
Q:  But suppose they've already lent it to another customer?
        A:  Then they'll let you have someone else's money.
Q:  But suppose he wants his too...and they've let me have it?
        A:  You're being purposely obtuse.
Q:  I think I'm being acute.  What if everyone wanted their money at once?
        A:  It's the theory of banking practice that they never would.
Q:  So what banks bank on is not having to meet their commitments?
        A:  I wouldn't say that.
Q:  Naturally.  Well, if there's nothing else you think you can tell me...?
        A:  Quite so.  Now you can go off and open a banking account.
Q:  Just one last question.
        A:  Of course.
Q:  Wouldn't I do better to go off and open up a bank?

Therefore, it is always prudent to obtain quantities of the three precious
metals, gold, silver, and lead.  The third to protect the first two.
Provided by: Chester L McWhorter Sr, c/o 504 N. Brighton Rd, Lecanto,
Florida. 34461. Ph: 352-344-9073. Fax: Same. Robertthebruce@naturecoast.net

"I do verily believe that a single, consolidated government would become the
most corrupt government on earth." Thomas Jefferson to Gideon Granger, 1800.

"Necessity is the plea for every infringement of human freedom. It is the
argument of tyrants, it is the creed of slaves." William Pitt speech to the
House of Commons.

"You shall have one world government, whether or not you like it, by consent
or by conquest." Former FDR aide, James Warburg  CFR/TC, in testimony before
the US Senate Foreign Relations Committee, 17 Feb 1950.

"The argument that the 2 parties should rep opposed ideals and policies, one
perhaps of the Right, and one of the Left, is a foolish idea. Instead, the
two parties should be almost identical, so that the American people can
"throw the rascals out" at any election without leading to any profound or
extensive shifts in policy.  It should be able to replace it every four
years if necessary, by the other party, which will still pursue with new
vigor, approximately the same basic policies." Prof Carroll Quigley, author
of "Tragedy and Hope", CFR Mbr, Socialist Party Mbr, and confessed
Establishment "Insider", memtor of Bill Clinton while at Georgetown Univ.

"You know the one thing that's wrong with this country?  Everyone gets a
chance to have their fair say."  Pres Comrade William Jefferson Clinton,
addressing the people of Philadelphia, 28 May 1993 in the courtyard at City
Hall, Philadelphia, Penn.

      "The Trilateral Commission [TC] doesn't secretly run the world, the
Council on Foreign Relations [CFR] does."  CFR Pres Winston Lord, Aug 1978
issue of "W" magazine.

      "We shall use our grant making powers to so alter life in the United
States that we can be comfortably merged with the Soviet Union." H. Rowan
Gaither, Chairman, Ford Foundation in testimony to Norman Dodd, the
Congressional Committee to Investigate Tax Exempt Foundations, 1953. [Buying
Ford adds money to their foundation].

 "We are so grateful to the Washington Post, the New York Times, Time
Magazine, and other publications whose directors have attended our meetings
and respected their promises of discretion for almost 40 years. It would
have been impossible for us to develop our plan for the world if we had been
subject to the bright lights of publicity."  David Rockefeller, founder and
member of the CFR and the TC, at Bilderberger Global Strategy mtg, 1991.
Clinton attended.

   NOTE # 1: This is the FOURTEENTH doc in a string of about 38 regarding
the Income Tax, How it was illegally forced upon us, the collusion of
various nation banks, including The Bank of England, the Banks of Europe,
the Banks of the USA that make up the Non-Government organization known as
the Fed and the bankers themselves dedicated to making this a Socialist
Nation. As David Rockefeller reportedly said in 1973 when he and others
formed the Trilateral Commission, "We will have this a Socialist Nation by
the end of the year 2000."  Well, with the help of our past Communist
President, he damned well nearly did it.  If Comrade Gore had been elected,
it would be now! The last doc in this series is a plan that was presented to
President Bush when he visited Florida recently.  It was put directly into
his hands.  He has not acted upon it. We The People must initiate a campaign
of letters, faxes, e-mails, and phone calls to him and others in our
otherwise corrupt government letting them know of our displeasure.  For God
and Country, Chet.
 NOTE # 2:  [  Should you wish to be removed from my mailing list, please
send a message with the word remove in the subject line.  If you got this
from a mail list, such as xxxxxx@xxxxxgroups.com  or something like that,
then it is up to the moderator or owner of the list to remove my access
based upon complaints of my material, abuse, or removal of your access if
you request it. ]         Should you wish a copy of a numbered message
(this is the 14th one)   that you may have missed, please e-mail me off net
for a copy of it and I will be very happy to provide it. Chet.
You may forward this to every member of Congress by using a Mail Blaster
application available on the Internet as follows:
Step 1.  Access your web browser.   Step 2.  Type in the search block:
Step 3.  Click on   Send Batch E-Mail which is on the left end of the
Step 4.  Type in your E-mail Address.   Step 5.  Click on Subject: Type in
the subject of your document.
Step 6.  Click on Message: Now here you can type in your message or you can
paste a previously copied file here.  You can also edit your message after
you finish with the message and before sending it.
Step 7.  Then click on   select a file.  Here you may click on:
 demhouse.txt (Socialist Democrat House Members) or,
 democsen.txt (Socialist Democrats Senate Members) or,
 newsorg.txt (Many of the "anchor" news folks have their email address here
for you to use) or,
 rephouse.txt (Republican House of Representatives Members) or,
 repubsen.txt (Republican Senate Members) or,
 senators.txt (All Senators).
Step 8.  After selecting the group to receive your message then click on
send batch. It will go to everyone listed in the batch.
Remember: Nothing beats a letter AND a phone call.
Forwarded by: Chester L McWhorter Sr, c/o 504 N. Brighton Rd, Lecanto,
Occupied Florida. 34461. Ph: 352-344-9073. Fax: Same. E-mail:
 14 of 38.........   End.

     "Beware the leader who bangs the drums of war in order to whip the
citizenry into a patriotic fervor, for patriotism is indeed a double-edged
sword.  It both emboldens the blood, just it narrows the mind.  And when the
drums of war have reached a fever pitch and the blood boils with hate and
the mind has closed, the leader will have no need in seizing the rights of
the citizenry.  Rather, the citizenry, infused with fear and blinded by
partiotism, will offer up all of their rights unto the leader and gladly so.
How do I know?  For this is what I have done.  And I am Caesar."--Julius


Part 15

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