Banking system is based on fraud - in mainstream newspaper

MEDIA BREAKTHROUGH: Austrian economics professor explains why the banking system is based on fraud in mainstream newspaper

http://birdflu666.wordpress.com/2010/10/13/media-breakthrough-austrian-economics-professor-explains-why-the-banking-system-is-a-fraud-in-mainstream-newspaper/

Franz Hörmann, Professor at the Economics University in Vienna, has explained the fraudulent workings of the fractional reserve banking system in an interview published in the mainstream Austrian newspaper, Der Standard, today with extraordinary clarity indicating that information about the fraudulent banking system is now going mainstream.

“If one creates money out of thin air and then passes what did not exist before on charging interest and using physical assets as collateral, then that is in reality a model for expropriation (acquiring property without making any payment),” he said.

http://derstandard.at/1285200656759/derStandardat-Interview-Banken-erfinden-Geld-aus-Luft

Hörmann explains in crystal clear language how the money system works, why the financial system is a huge fraud, how the use of balance sheets contributes to this fraud and why a gigantic crash is now approaching. He says the whole financial system could well collapse in the next three years.

Hörmann argues that the time has come for a paradigm shift in the economics studies as well as in society.

Information on how the banking system works in reality that used to be avalaible only on websites like Infowars and my blog and classified as a conspiracy theory is now mainstream.

My Dad had a doctorate in economics from Vienna University and also worked for companies like Swiss Air and he explained to me years ago how the whole fraud works. The scale of the fraud and the economic crime being committed around us is mind-boggling.

The next step has to be to call to account the various bankers and politicians that know how this system operates and have engineered the banking subprime crisis in order to have a pretext to take liquidity out of the money supply, crash the economy, buy up assets for a pittance, get trillions in tax payer money as “bailouts” in return for worthless thin air paper debts as well as gigantic interest payments on the national debt that they and their politicians friends have created in an exact repeat of the economic events in the 1930s preceding the rise of Nazi dictator Adolf Hitler.

The engineered currency crisis is just another way to destroy economies based on exports even more, ignite hyperinflation and set up a world bank and world currency controlled by the big banks and Globalists.