Originally written: Februay 26, 2001
From the book: "And the truth shall set you free" by author David Icke.
ISBN: 0 9526147 1 5

The first 2 pages from chapter 3 pretty much explain this conspiracy. EDIT June 9, 2008: I picked up this book from the library as a chance encounter and did not know who david ike was at the time.

The plan for the New World Order and global control moved into a new phase with the emergence of 'funny money'. This is the process by which banks lend money that doesn't exist (credit) and charge you interest on it! If I gave you something that doesn't exist and asked you to pay me for it, you might consider calling the police. If I gave you something that doesn't exist and said that if you don't pay me for it I will take you to court and take your property away, you might say we lived in a fascist state. Yet what I have just described is the banking system of the world and the means through which both people and governments are drowning in debt. And what does debt equal? Control.

Among the first bankers in the Western world were the Knights Templar. They were given enormous riches by Christians supporting the crusades and by legacies from people who were often hoping to buy a place in heaven. They were the wealthiest organisation in every country in which they established themselves, and their temples in Paris and London became financial centres. Eventually, King Philip IV of France, in league with Pope Clement V, destroyed the Templars and stole their fortune to pay debts and, as I outlined in The Robots' Rebellion, possibly for other reasons, too. The Templars' Grand Master, Jacques de Molay, was burned at the stake and the Order then went underground to work and plot secretly within other organisations. The Christian world had a strict ban on usury (the charging of interest on loans) but as the centuries passed this was forgotten, and the banking system which today controls humanity began to develop.

The currency of that time was precious metals (such as gold and silver) and, for safety reasons, the owners began to deposit their wealth with the goldsmiths, who had suitable strong rooms to ensure its safekeeping. The goldsmiths would issue paper receipts for the gold and silver deposited with them, and the owners would pay their debts by withdrawing portions of their 'deposits', as necessary. It was obviously an unwieldly process to move all those metals around and the paper receipts slowly became accepted as currency. The gold and silver were rarely moved, but the ownership of it changed with the issuing of receipts ('money') to pay off debts. In the same way today, vast fortunes are made by simply moving numbers between one computer file and another.

The goldsmiths and other owners of the strong rooms began to realise that, at any one time, only a fraction of the gold and silver was being withdrawn by the owners. "So," they thought, "why don't we issue notes (money) to other people who don't own the gold and charge them interest on the notes?" The only way the ruse could fail was if they issued too many notes and everyone came along at the same time to cash them in for gold and silver. They began to issue notes for the ownership of the gold and silver greatly in excess of the amount of gold and silver they had deposited in their vaults. Most of the notes they lent (and earned interest on) were related to gold and silver which the 'banks' did not even have. But since only a small amount of the metals was being withdrawn at any one time, they were in the clear. They could issue lots of bits of paper for gold and silver that didn't exist and charge interest for doing so! There, in one sentence, you have a description of today's banking system, which controls the world.

People and governments are submerged in debt and desperately trying to pay interest on money that has never, does not, and will never exist. It is reckoned that on average, for every 1,000 a bank receives from customers, it lends (and charges interest upon) at least 10,000! It is able to do this through a fractional reserve system, which means they only have to keep a fraction (say, one-tenth) of their total deposits in the bank, or 'reserve'. They count on it not being called for (demanded) by its customers all at the same time. In most countries where banks are regulated, there are rules or laws which allow a bank to shut its doors if too many people want their money out at the same time. The bank creates this money out of thin air by typing numbers onto a computer screen. A large slice of your taxes goes to the banks to pay interest on money created in this way when those taxes could be used to ease poverty and hunger, and create greater opportunity. Indeed, if the money system was restructured to serve people and not banks, there is a good case for saying that all taxation could end.

The con-trick is completed by the fact that if you fall behind in your interest payments on money that doesn't exist, the bank can take away your car, your house, and other property - wealth that does exist. Remember, too, that while you are borrowing a certain figure from the bank, you are paying back more than that, with the interest. Where does that interest come from? It comes from the wealth and credit in the world. So with every loan paid back to a bank since this system began, the interest payments have been sucking the wealth and money of the world into the banking system. With each loan repayment, the control of that system is strengthened. This allows the banking system, controlled by the Global Elite, to lend even greater sums of non-existent money and submerge even more people in debt.