#NESARA/ #GESARA All Central Bank, all major banks are broke and lend money they do not have!
- Published on: Monday, April 5, 2021
- EU is Bankrupt
All European Central Bank (ECB) major banks are broke and lend money they do not have!
The ability of central banks to print and distribute artificially created money by way of quantitative easing, or printing of new money, has led to a creation of a heavily manipulated financial system.
“It is my opinion that you do not really understand the concept of banking. All the banks are broke. Bank Santander, Deutsche Bank, Royal Bank of Scotland, they’re all broke. Why are they broke? It isn’t an act of god. They’re broke because we have a system called fractional reserve banking. Which means, the banks lend money they don’t actually have. It’s a criminal scandal, and it’s been going on for too long.”
“To add to that problem, you have moral hazard. A very significant moral hazard from the political sphere. Most of the problems start in politics and central banks, which are part of the same political system. We have counterfeiting, sometimes called quantitative easing, but counterfeiting by any other name, the artificial printing of money, which if any regular person did, they would be in prison for a very long time. Yet, governments do it all the time. Central banks repress the amount of interest rates, so we do not have the real cost of money.”
Godfrey William Bloom
- Source: https://youtu.be/nrPwfpCkrjM