Fix Title 12 - Banks and Banking

100 year old banking code, written when banking was done with hand ledgers,
now controls a Digital, Quadrillion Dollar, World Banking Industry.

 

 


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The Problem is Virtual US Dollars being created Overseas out of thin air.

The Board of Governors of the Federal Reserve Banking Corporation reports that there are only $1 Trillion REAL US Dollars printed and circulating in the entire world.

Yet overseas bankers claim to have created $19 Trillion Virtual US Dollars out of thin air and then loaned these Virtual Dollars to American Families by buying our US Treasury Bonds.

Our children can never repay $19 Trillion Virtual US Dollars when there are only $1 Trillion REAL US Dollars printed and circulating in the entire world


national debt

One of the many examples of Virtual Dollars being created out of thin air is the Bank of America. This International Bank claims that US Families must pay back $75 Trillion Virtual US Dollars, through Federal Taxes, for their illegally generated Virtual derivatives losses.
Remember that there are only $1 Trillion REAL US Dollars printed and circulating in the entire world.

 

The Virtual US Dollars, being created out of thin air by offshore banks, is growing exponentially. The Bank for International Settlements reported another example international Virtual Dollars being created out of thin air. These Virtual Dollars cause hyperinflation on all American Families and will bankrupt the US Government because they can never be repaid. The Bank for International Settlements, along with the World Bank, are UN Banks. They have reportedly loaned over $100 Trillion Virtual US Dollars to foreign governments, all of which were created out of thin air.
Remember that there are only $1 Trillion REAL US Dollars printed and circulating in the entire world.

 

Without oversight by US Law Eenforcement Agencies, in September 2014, foreign banks claim they loaned Americans $2.9 Trillion US Dollars. This is on page 29 Chart 6A of the Bank for International Settlements Sept. 2014 report. Again these are not real US Dollars but are Virtual US Dollars created out of thin air that can never be repaid.

These International Bubble BAnks have no cash reserves to prevent bank runs. If these Bubble Banks held back just 15% in Cash Reserves they would need to have .43 Trillion US Dollars in the bank as reserves. Remember that there are only $1 Trillion REAL US Dollars printed and circulating in the entire world.

 

Without oversight by US Law enforcement agencies, in September 2014, foreign banks now claim they have Created out of thin air, $710 Trillion Virtual US Dollars for risky Derivatives bundles alone..
Remember that there are only $1 Trillion REAL US Dollars printed and circulating in the entire world.

 

   

So how do we stop this Virtual Money Nightmare?

One solution to hyperinflation, which is caused by Digital Counterfeiting, is what 40 other countries chose to do. They chose to start over with a whole new Dollar and Banking System to stop the Virtual US Dollars being created out of thin air.

Another solution is to study the 100 year old US Banks and Banking Code and bring it up to the Digital Age requiring bank reserves once again in hard cash to prevent bank runs.

We suggest a few minor changes that will immediately stop Virtual US Dollars from being created out of thin air by foreign banks. These are listed in the Solutions below.

But the US Code for Banks and Banking MUST BE CHANGED to control the Quadrillion Dollar, Worldwide, Virtual US Dollar Counterfeiting Era.

 

   

Creating Virtual US Dollars out of thin air in offshore banks is Illegal

The Webster's Dictionary Defines a Counterfeiter as:
"A person who makes false money."

Article 1, Section 8 of the United States Constitution says;
"Congress shall have the power... to provide for Punishment of counterfeiting the Securities and current Coin of the United States;"

So to fix the 100 year old US Code, and bring it up to the Digital Age, we must provide a reasonable Punishment, under the US Constitution, for the Virtual Counterfeiters.

We feel we have suggested a reasonable Punishment, under the US Constitution, in our Solutions below.

 

   

Very Little Virtual Counterfeiting is Done Within US Borders

The FBI, the Secret Service, the Federal Reserve Bank, and the US Comptroller, all monitor, audit, and punish US Banks that are caught creating Virtual US Dollars out of thin air, or Counterfeiting.

Yet NO FEDERAL AGENCY has jurisdiction over this exponentially growing crime of foreign Virtual Counterfeiting of US Money.

Our US law enforcement agencies can't even audit foreign Virtual Counterfeiting banks. These banks base their Virtual Counterfeiting on creating Virtual US Dollars, which is then used as their reserve currency.

 

   

Thanks to creating Virtual US Dollars out of thin air, Free Enterprise in the US was replaced with foreign banks buying up American businesses and eliminating all small business competition by creating Virtual US Dollars out of thin air.

There is no free enterprise system in America as long as any bank in the world can create unlimited Virtual US Dollars out of thin air.

For example, if you want to start a business, buy a home, or buy food for your family, foreign banks can simply Virtually create twice as many US Dollars out of thin air, to bid on the same item. This eliminates your family being being able to buy items like food or homes. This is because your family can not create Virtual US Dollars oout of thin air to compete.

The Virtual Counterfeiters drive the cost of living up and up. There is no free economy in the US as long as one single foreign bank is allowed to create Virtual US Dollars out of thin air.

Foreign Virtual Counterfeiting is the basis of all inflation, and hyperinflation, within the United States.

 

   

Understand Fractional Reserves

A bank is required to hold a percentage of your REAL US Dollars in their vaults in case you need them. This is called the Fractional Reserve. The purpose of Fractional Reserve is to protect "We the People."
The Fractional Reserve is so that American Families will always have cash available from the bank, if and when we loan our money to banks.

American Families loan Banks our money, and the bank may loan part of our money out. But banks are always required to hold a certain percentage of our Real Dollars in their vaults at all times.

This cash, that's held back in the vaults, is called the Fractional Reserve. This is a safety precaution in case we need some of our cash. Thus Fractional Reserve Ratios prevent bank panics and prevent runs on banks.

For Example, the US Code sets the Fractional Reserve Ratio's of all American Banks in Alaska to 15%. This means Alaskan Banks must keep 15% REAL US Dollars in their vaults at all times to prevent bank runs.

If the Fractional Reserve Ration is not held as cash, in a bank's vault, then that bank can Digitally Counterfeit unlimited US Dollars.

 

   

There is No Law Enforcement of Foreign Banks

No US Law enforcement agency has any jurisdiction over foreign banks.

These 7 members of the Board of Governors are charged with both auditing, and setting the Fractional Reserve Ratios, of the tens of thousands of foreign banks.

This is where the 7 members of the Board of Governors can't possibly complete their tasks. There are tens of thousands of foreign banks that must be audited regularly. Each foreign bank must have their Fractional Reserves monitored to prevent Digital Counterfeiting.

But in the US Code there is no way to force auditing of foreign banks and no way to deter foreign banks from Digitally Counterfeiting unlimited US Dollars.

 

   

The Federal Reserve Banking Corporation is creating Virtual US Dollars out of thin air.

The Federal Reserve Banking Corporation was designed as a "Privately Owned Corporation" from it's onset in 1913.

As a Privately owned Corporation, the Federal Reserve Bank may fail, declare bankruptcy, and be liquidated, just like any other bank.

Lehman was overleveraged at 30 to 1 when it failed, claimed bankruptcy, and was liquidated.

The foreign owned Federal Reserve Bank is now overleveraged at 69 to 1 and has failed, must soon claim bankruptcy, and will soon be liquidated.

This overleveraging, and guaranteed bankruptcy, is caused by creating Virtual US Dollars out of thin air.

The Federal Reserve Banking Corporation is Virtually Counterfeiting from $40 to $80 Billion dollars every month to buy US Treasury Bonds. These US Treasury Bonds are then shipped out of the United States Borders, which is also out of reach of all US Law Enforcement Agencies.

There is no way to save the bankrupt Federal Reserve Banking Corporation, who is now nearly $5 Trillion US Dollars in debt from Virtual Counterfeiting. Remember, there are only $1 Trillion real US Dollars printed and circulating in the entire world.

Don't forget that the foreign owned Federal Reserve Banking Corporation created $16 Trillion Virtual US Dollars, out of thin air, in 2008-2011. See page 131. They loaned the $16 Trillion US Dollars to themselves, in their offshore foreign banks, and paid it back to the American people with toxic assets.

 

   

The Solution is Very Simple when you Realize the Problem

The solution to stop foreign banks from creating Virtual US Dollars out of thin air, is three fold.

The solution is clear when you realize the problem is foreign banks who are never audited, and foreign banks who fail to maintain proper Fractional Reserves as cash in their vaults.

1) START AUDITING ALL BANKS
We must first set up independent, and redundant, federal auditing agencies.

            a) The Federal Reserve Bank may retain it's auditing of any bank.

            b) The US Comptroller may retain it's auditing of any bank.

            c) The FBI must be given full authority to audit any bank.

            d) The US Secret Service must be given full authority to audit any bank.

            e) The US House, and the US Senate, must be given full authority to audit any bank.

            f) The US Treasury must be given full authority to audit any bank.

            g) Each State shall elect one Official Auditor that will be given full authority to audit any bank.


2) START ENFORCING REASONABLE FRACTIONAL RESERVES
The Fractional Reserve Ratios of all foreign banks must be standardized to 15%, in actual US Dollars, to prevent bank runs on US Dollars.

If 15% good enough for American Banks in Alaska, then 15% is good enough for foreign banks that have abused American Families by creating hundreds of trillions of Virtual US Dollars out of thin air.


3) START ENFORCING PENALTIES, UNDER THE LAW, THAT END VIRTUAL COUNTERFEITING
Virtual Counterfeiting must be stopped and punished as authorized under the US Constitution.

If any bank refuses any Federal Audit, or falsifies any Federal Audit, they shall immediately be declared bankrupt, or declared a "Terroriost Bank" if not bankrupted.

If any bank, foreign or domestic, does not maintain its Fractional Reserve, in US Dollars, they will be given 6 months to sell assets and raise the reserves in US Dollars.

If after six months they still don't have their Fractional Reserves in Cash, then they shall be declared bankrupt and liquidated, and all Treasury Bonds, which were bought by these Virtual US Dollars being created out of thin air, will be cancelled.

If they aren't under US laws and cant be liquidated and the US Treasury Bonds returned, they shall be designated as a "Terrorist Bank."

No American shall be allowed to deal with any so declared "Terrorist Bank" under penalties of fines not exceeding the amount of the transactions and/or up to 10 years in jail.

Any bank found to be a "Terrorist Bank" shall forfeit and cancel every US Treasury Bond, every US Mortgage, and all US Possessions to the US Treasury for auction to the American People.

If a "Terrorist Bank", or a bankrupt bank, fails to return all Treasury Bonds to the US Treasury. The US Treasury shall cancel all such illegally bought Treasury Bonds.

 

   

 

 

 

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