"Kings using banks as a tool to rule over people obviously paints a much more negative picture of our monetary system than evolution from barter; yet if we critique the use of money from this perspective, it becomes clear that it is now the world’s central banks that have this sovereign power of control over kingdoms, or nations, today.

This is because central banks do not carry out fractional reserve lending of money stored in their vaults like commercial banks; instead, their role is to actually create a nation’s official money (or legal tender).

Central banks then loan out that money to the nation’s government, and the people pay back the government’s debt, as well as the interest the government incurs when it borrows the money, via income tax on wages.

The government’s debt is then expanded by commercial banks through loans to the public with further interest. Since the extra money needed to pay back all this interest does not exist, central banks need to keep creating more money so there is enough money in circulation.

This causes the value of each individual bank note to decrease, so prices go up (inflation) and people now have to work even more hours — not just to pay all the interest back, but now also to buy the things they could afford before."

Follow The Money: How The Monetary System Is Rigged To Enslave Humanity — by Robert Chatwin

http://www.collective-evolution.com/...lave-humanity/