Why do We Allow Private Banks & Families to Control the World’s Money?

Written by on November 4, 2015 in Economy with 28 Comments

By Phillip J. Watt | WakingTimes.com

The masses can no longer escape the knowledge that they’re being taken for a walk down a dark alley. The way money is created in our global society benefits the so-called elite at the expense of the 99.9%. It doesn’t have to be this way though, all we have to do is stand up and demand that it change.

Money is no longer backed by anything concrete. It used to be, when it was attached to the gold standard, but for the last several decades if you and I were to get a loan from a bank we’re not actually being loaned anything that they physically have. Instead, they punch numbers into a computer, which creates new money that is placed directly into our bank accounts.

That’s right – they create new cash out of nothing. They don’t get it from their vault, or borrow it from another source, they just create it on their computer. This begs the question: why do we allow private stakeholders, such as the banking families that control the world’s financial and political spheres, to profit from money that was created out of thin air? Can’t we just generate new funds for the benefit of the people and direct the profits back into the community?

Related Article: Iceland’s Bankers Face 74 Years in Prison While US Banks Profit After Your Bailout

Of course we can. If so, we could genuinely attempt to finally overcome poverty, homelessness and other socioeconomic disadvantage. In fact, there are some places on earth that have already taken the lead in transforming the way money is created and distributed in their society.

First of course is Iceland, who not only jailed 26 bankers for their fraudulent behavior that contributed to their economic meltdown during the GFC, but they are also initiating massive reforms to their banking sector. Additionally, they are going to give every citizen a share of the profit from the sale of one of their biggest banks.

It’s only the beginning, but well done Iceland, you’re killing it (the monetary-madness, that is).

Another example is North Dakota, who operates under a public-banking model. They have designed their state-owned bank in a way that was essentially immune to the 2008 GFC. It has also outperformed the private banking industry in terms of profitability. Many matrix-media explanations focus on excess deposits or the oil boom for its success, however that is simply not true. As explained in a Global Research article:

“To what, then, are the remarkable achievements of this lone public bank attributable? The answer is something the privately-owned major media have tried to sweep under the rug: the public banking model is simply more profitable and efficient than the private model. Profits, rather than being siphoned into offshore tax havens, are recycled back into the bank, the state and the community”.

When some people hear that a system like banking can be re-designed to actually benefit society, they automatically hear ‘socialism,’ and it offends them. The reality is, the celebration of the capitalist structure and the contempt towards socialism and communism achieves nothing. Just have a look at where capitalism has gotten us, regardless if it was taken over by crony capitalism and socialism for the rich.

Related Article: 3 Means of Waging Personal Financial Revolution Against the Banksters

The simple fact remains that going backwards is not an option, and right now humanity is being controlled by a monetary system that is, to put it bluntly, a joke. We need new approaches and innovative designs to move forward to build real peace and prosperity on planet earth, so as a collective we should make it a fundamental priority to seriously look at the available short and long term solutions that we could potentially implement, to once and for all put an end to being ruled by the banking oligarchy.

For examples of how to truly move forward read, This is How to Create True Freedom for Humanity

If you want to contribute to the cause, sign and share the petition, here. And finally, watch this 5min video:


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  1. 1241381972544421@facebook.com' Brian Jr Novella says:

    But the hour cometh, and now is, when the true worshippers shall worship the Father in spirit and in truth: for the Father seeketh such to worship him.
    John 4:23 kjv

  2. 1241381972544421@facebook.com' Brian Jr Novella says:

    Our Father who art in heaven, Hallowed be thy name. Thy Kingdom come, Thy will be done on earth, as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into tempations, but deliver us from evil. For thine is the kingdom and the powervand the glory forever Amen. ?

  3. 1241381972544421@facebook.com' Brian Jr Novella says:

    ISIL is a creation by the U.S government to fulfill bible prophecy, as most projects by the U.S government it went out of hand …The U S government should be taken to court for crimes against humanity.
    Take a stand and stand up for the people who are blind to whats going on around them..time to move in the right direction for once!!
    John 3:16
    16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
    matthew 10:33
    But whosoever shall deny me before men, him will I also deny before my Father which is in heaven.
    i need to spread the ” truth ”
    seek the truth please off what i provide.
    i provide the bread but you must seek it to achieve it.
    Mark 10:46-52
    51 And Jesus answered and said unto him, What wilt thou that I should do unto thee? The blind man said unto him, Lord, that I might receive my sight.

  4. 746163122195931@facebook.com' Cute Quotes says:

    Follow us for Beautiful Cute Quotes

  5. 10208083914046508@facebook.com' Darin O Williams says:

    Money is evil and it is time to transition to a resource-based economy.

    • 1704461086451491@facebook.com' Lisa Henkel says:

      Well said and so true!

    • 1474722409503233@facebook.com' Reba Greco says:

      Money is but a tool… The wealthiest 1% love that money is evil mentality… Illegal wars for profit is evil… “Our leaders” have murdered 8million plus innocent people since 1990… All for profit!!! They have jailed so many innocent people all for a for profit prison system! The rich have. Vanished 8.5 trillion dollars… Told the masses o it just disappeared.. N most ppl don’t even stop to think, they just sit there with there fingers in there nose… The rich told us this so it must be true. They wear suits! Also the war on drugs… It really doesn’t exists. It’s for profit as well. What do you and I do with money as a average people? Pay high cost of living? A very few of us have that little extra to actually enjoy life a little bit.. Maybe…. Naw honestly money is not evil.. The 1,300 of the richest ppl on earth that horde the money are the ones that are evil! There are 7.22 billion of us.. 1,300 of them… But as long as they have there followers bending over for them we won’t win..
      The leaders always slip by like snakes doing what they want with us because they have us arguing about 2-3 different subjects that will never get resolved.. While they privately go in making new rules signing in new bills rite under our noses… Sure we may switch presidents every 4-8 yrs.. They are but paid puppets… There are ppl that are in the shadows that stay in, making all major choices for them who have been in control 20-40 yrs… Think about it.. Take a good look @ all the dufus faces running for president.. They’ll go to a couple meetings give some speeches, then be given millions play $$ to go on several vacations.. I hope you can see money is not evil… It is the ppl behind the $ who are evil.

    • 10208083914046508@facebook.com' Darin O Williams says:

      Money favors those who are heartless and the most vile. As long as we accept it evil men will rule.

    • 1474722409503233@facebook.com' Reba Greco says:

      Also seems the middle class is diminishing as well… The rich are destroying our economy. There is dire need for a basic income state. This could be accomplished.. It will restore families to where they could go out volunteer bring the pride of hard work back to our ppl. Teaching there children a trade. Things need to change fast for our country before we go crashing into a greater depression. We can’t have faith in “our leaders” seems they’re trying for a WWIII.

    • 148270801883880@facebook.com' Conscious Life News says:

      Darin Money is not evil in itself but the love of it and the improper use of it can become evil.

    • 10208083914046508@facebook.com' Darin O Williams says:

      Money in its form is deceptive and is of no real value but to steal.

    • 1539076509715745@facebook.com' Ivak Rodriguez says:

      I agree with Darin O Williams. We need a new socio-economic system where the value is not held in currency but in the person performing a service . This service or product can only hold value if it is to serve society and mankind. No more banks, no more obnoxious teens making millions at poker, no more money laundering…etc. etc. in short no more greed.

    • 10208083914046508@facebook.com' Darin O Williams says:

      A person should not have to perform to have value. That idea is what money does to perception as it demands something ( labor, goods, or services) for nothing ( money). Living beings have value because they are living. Every person deserves a decent place to live, step 1. Every person deserves access to a healthy diet. Every person deserves decent clothing. People deserve these things for being alive, and not for anything they can provide.

    • 1539076509715745@facebook.com' Ivak Rodriguez says:

      Darin O Williams ….that sounds sweet…but be careful there….humans have a need to progress…evolve…is in our nature…greed must be replaced with a sincere ambition to serve mankind…to help others and themselves so moral and ethical principles can be kept. People can not respect others if they can not respect themselves. We need to preserve a sense of dignity….personal and collective…. as members of this new evolved society.

    • 10208083914046508@facebook.com' Darin O Williams says:

      A person will pursue what they desire as opportunities are opened. People desire to be productive and do not need false incentive or force.

  6. 924304370939798@facebook.com' John Teffer says:

    Yea Judy. If we could just get all our shared friends to pick one topic a week and get the information out there collectively.

  7. 10207913643978522@facebook.com' พรเพ็ญ ลิขิตวิเศษกุล says:

    Don’t be a victim, be a survivor 😉

  8. 10207913643978522@facebook.com' พรเพ็ญ ลิขิตวิเศษกุล says:

    Money is not an evil.
    Money is a trading tool for exchanging goods and services.

    Money is not devil. It’s the people who use money for their own benefits/profits is the evil/devil. Whether that benefits/profits is for physically pleasure, mentally, psychologically, verbally or financially.

    The evil lie within, not without 🙂

  9. 846414435380494@facebook.com' Revolution de Mind says:

    Cool info thanks :

  10. 10153069436295079@facebook.com' Dan Walper says:


  11. 467581223425082@facebook.com' The Divine Realm says:

    Our true nature is divine. You don’t have to worship a God or follow a religion to experience it. The divine is inside all of us.

    If you agree, feel free to like my page and share any content!


  12. 865255813582089@facebook.com' Dinah Briggs says:


  13. 10205175581535209@facebook.com' Karla Vasquez says:

    Why do we bail out banks when they fail to do their jobs properly We are paying them for bad behaior. Meanwhile they bitch about people commiting welfare and medical fraud. Hello people!

  14. 181865745488811@facebook.com' Jess Blessing says:

    We suppose to be all at the same level. Like a big family taking care of each other .

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