Introduction

The book Demonic Economics and the Tricks of the Bankers lists systemic aspects of the banking, monetary, and economic system that are not taught in the schools and universities of the world, and are rarely discussed on corporate owned news and media networks. Knowledge of these topics is absolutely essential for everyone in the world that wishes to understand how the economic world ‘actually’ works and why worldwide society is in perpetual debt while the vast resources of human productivity and of nature are continually exploited by a small group of people that control these systems.

Over decades the power to create money has resulted in the power to own, control and manipulate the assets of the material world, as well media and politics. Representative democracy under capitalism as currently implemented in much of the world, is an illusion – it is money that controls the economic world. Those that control the money creation process wield the power to control the corporate media and own the material world, regardless of which political party is elected, or which system is utilised (capitalism, socialism, communism, etc).

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford (1863-1947), Founder of Ford Motor Company

“One feature of banking that cries out for reform is “fractional reserve banking”, i.e. the practice whereby private banks…are in effect coining their own money and putting it into circulation… This is basically fraudulent and unjust; the banks are in effect issuing their own counterfeit money.” – John Scales Avery, an Associate Professor in quantum chemistry at the University of Copenhagen

“Banking institutions are more dangerous to our liberties than private armies. If the American people ever allow private banks to control the issue of their currency… the banks… will deprive the people of all their property” – Thomas Jefferson

“Whoever controls the volume of money in any country is absolute master of all industry and commerce… when you realise that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.“ – James Garfield, 20th President of the U.S., assassinated in 1881.

“.. a network of private bankers has taken over control of the international money system… credible evidence is presented of a world power elite intent on gaining absolute control over the planet and its natural resources, including its subservient ‘human resources’… Economic means have long been used to spark wars, as a pretext and prelude for the money power to stock and restock the armaments and infrastructure of both sides.” – Reed Simpson, M.Sc., American Bankers Association Graduate School of Banking London School of Economics

“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson.“ – President Franklin Delano Roosevelt, November 23, 1933, in a letter to Colonel Edward Mandell House

“The modern banking system manufactures money out of nothing. This process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin.. Bankers own the earth. Take it away from them but leave them the power to create money, and, with the flick of a pen they will create enough money to buy it back again… if you want to continue to be the slaves of the bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.” – Sir Josiah Stamp, Director of the Bank of England and the second richest man in Britain in the 1920s

“The goal is control.  They want all of us enslaved to debt, they want all of our governments enslaved to debt, and they want all of our politicians addicted to the huge financial contributions that they funnel into their campaigns.  Since the elite also own all of the big media companies, the mainstream media never lets us in on the secret that there is something fundamentally wrong with the way that our system works.” – Karen Hudes (worked in the legal department of the World Bank for more than 20 years and was Senior Counsel when she was fired for blowing the whistle on the corruption. See Endnote 1)

“Have you ever wondered why Canada is in debt ? have you ever wondered why the government forces Canadians to pay so many taxes ? have you ever wondered why the bankers from the largest private banks are becoming wealthier and rest of us are not ? have you ever wondered why the gross national debt is over 800 billion dollars or why we are spending over 160 million dollars a day on the interest of the national debt ? that’s 60 billion dollars a year, have you ever wondered who receives the 60 billion dollars ? what I have discovered is that the banks and the government have colluded to financially enslave the people of Canada…” – Victoria Grant explains why her homeland, Canada, and most of the world, is in debt. April 27, 2012 at the Public Banking in America Conference, Philadelphia, PA. (See Endnote 2) 

“When a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposit; it was not previously paid into the bank by anyone. It’s new money, created by the bank…” – Robert B. Anderson, Secretary of the Treasury under Eisenhower, 1959.

“A major portion of the money created by banks today has originated with the monetization of home mortgages. The borrower thinks he is borrowing pre-existing funds, when (however) the bank is just turning his promise to repay into an asset secured by real property. By the time the mortgage is paid off, the borrower has usually paid the bank more in interest than was owed on the original loan; and if he defaults, the bank winds up with the house, although the money advanced to purchase it was created out of thin air.” – E.H. Brown, Author of the book ‘The Web of Debt’