Synopsis (Recap), 5

These are the key details:
a small portion of money is created out of nothing at zero cost by the so−called central banks;
central banks deserve the adjective “so−called” because their label, “central”, is a fiction specifically designed to make them look like public entities while they actually belong to the bankers, whether owned or controlled;
on the basis of the money created out of nothing by the central banks, the other banks create, still out of nothing and at zero cost, the bulk of the money, hiding behind the fig leaf known as “fractional reserve”: they self−restrain this privilege of theirs by the rule that they must keep as a reserve a fraction of the money they create; this reserve is of the order of 1%−10%, hence the bulk of the existing money is created by the other banks, while the “central” bank serves the mummery of the fractional reserve;
what is currently accepted as money challenges the very concept of existence, in that almost all the circulating money actually does not exist, in the sense that it doesn’t even exist as cash but only as accounting entry; furthermore, formally that accounting entry is not money but a promise of money, while in actuality it is imposed to us as if it was money, so the bankers can create purchasing power out of nothing without committing counterfeiting;
behind the war on cash there are the bankers, and their motives are: wiping out any chance of the citizen to escape their monopoly, pillage and control on each and every economic act, maximizing the fractional reserve, and make it all grow and last to infinity, in the way I’ll detail ahead.