We are told that banks lend money held in trust at their facilities for depositors. But the truth is, banks create what they loan based on the borrowers promise to repay. The borrower’s signature on the loan papers forms an agreement with the bank to repay the amount of the loan plus interest. The signature gives the bank the legal right to create the amount of the loan simply by writing it into the borrower’s account.
McGreer: But [banks] do create and issue 88 percent of the money we use?
Towers: “Issue” is just that phrasing which I questioned, but it is the case that through their banking activities in the form of making investments and loans you find then the creation of these deposit liabilities which serve in major portion as the medium of exchange in the country.
McGreer: But there is no question about it that the banks do create that medium of exchange?
Towers: That is right. That is what they are there for.
McGreer: That is what they are there for and that is what they do.
Towers: Yes, they do.
McGreer: And they issue that form of medium of exchange when they purchase securities or make loans?
Towers: That is banking business. Just the same way that a steel plant makes steel.
McGreer: So that we are clear on this point that our merchant banks do create and issue 88 percent of the money medium of exchange in common use in Canada today? That is correct, is it?
Humanity is just now coming to terms with the truth. The world’s economic systems are erroneously based on scarcity, elitism and economic disparity. It’s time to change things. It is now time for worldwide unlimited abundance for everyone. Will it crash the current economy? Yes, and we welcome the crash of lies.
The Heirship Economy: Unlimited Abundance for All
The Heirship Economy is a transition plan for economic freedom and material abundance for all. It is based on humanity as self-governing heirs of all creation and rests on the assumption that natural systems self-correct when 1.) underlying problems are resolved and 2.) the laws of nature (life, balance and flow) are free to operate uninhibited.
Currently, free market economies still rely on corporate government controls and phantom banking systems. We are now ready to transition to an economy that offers a truly free market, operating through peer-to-peer networking and physical human-based banking.
The Heirship Economy offers three tracks and each self-governing human is free to participate in either track at any time; yet no one is obligated to participate. All tracks operate simultaneously.
Note: Those who understand the term “state” as describing land within fictitious boundaries may interpret Track One according to that perspective; however, those who understand each human as an “estate” may interpret the term “state” by that perspective as well.
Each state maintains a treasury (bank) which issues its own currency as accepted and understood by those living on the land in that state. The collateral for this currency is human bodies (precedent for this was set by the Obama administration in a $14,130,000,000,000,000 UCC Financing Statement filed July 28, 2011 where “real men with hands and legs” was listed as collateral along with the land in the United States of America. View the UCC Filing Statement by scrolling to the bottom of this webpage.) By Natural Law, commodification of natural resources is a violation of the rights of Earth; however, humans have the unique ability to express consent for use of their own body as collateral.
Those living on the land in each state collectively agree on the value of their collateral and issue currency based on that amount.
States accept other state’s currency as all money is backed by the same collateral. Each merchant or service provider values their products or services based on what is required to maintain business.
Each human holds and administers their own currency utilizing personal banking technology as described in the Court of Ages Letters Patent which can be viewed in its entirety at CourtOfAges.com
The Letters Patent Consent Decree is as follows:
The HEIRS OF CREATION do now acknowledge the value of human living systems to be unlimited.
The HEIRS OF CREATION, whose being is and has always been the value backing all mediums of exchange in commerce, do now acknowledge that each and every living system is itself, by virtue of existence, the collateral for all currency.
The HEIRS OF CREATION do now acknowledge each human living system to be equal in value to every other human living system.
The HEIRS OF CREATION do now require custodians of value, such as [trusts or banks] to acknowledge each HEIRS OF CREATION as the absolute value backing all currency.
The HEIRS OF CREATION, realizing that [the bank] deems itself a funding bank and trust in administration of value do now acknowledge HEIRS OF CREATION as estates AND beneficiaries of Source’s creation.
The HEIRS OF CREATION, each as an estate of Creation AND beneficiary thereof, may by free-will choice act as their own trustee.
HEIRS OF CREATION do make known that estates, trustees and beneficiaries NEVER borrow from the trust or estate, but rather receive protection, education and assistance therefrom.
The HEIRS OF CREATION do now present a temporary bridge measure designed to DEMONSTRATE human living systems AS value, and in doing so, retire the NECESSITY for REPRESENTATION of that value (retires the need for money).
The HEIRS OF CREATION do now declare acceptable currency to be a certificate of exchange with: human signature, mark (such as “x”), thumb or finger print, electronic signature, seal, encryption key, retinal scan or any other medium that denotes a human living system.
The HEIRS OF CREATION do now require financial centers to retain certificates of exchange bearing denotation of issuer as a human living system when presented.
HEIRS OF CREATION do now recognize that anyone is free to establish and accept provisional governance frameworks, by free will, through which self-governing bodies and individuals may do commerce.
The Court of Ages Letters Patent was signed into law December 12, 2013 after the Court of Ages Armistice & Accord of November 22, 2013. The Letter of Reconciliation acknowledged the settlement of all debt on Earth followed by the Letters of Mark certifying all Heirs of Creation to be, by existence, limitless value and “the collateral that has always backed representational value systems.”
Track Three (in development)
No collateral as the whole idea of "collateral" is based on debt and a gross violation of Natural Law. No accounting or record keeping necessary.
Crashing the System of Lies
It is said that too much currency reduces the value of that currency resulting in inflation. For instance, twice as much money reduces its value by half; so then products cost twice as much. Purchasing power drops, production cost rises, profit for business lowers, consumer confidence wanes and the market crashes. All this occurs based on perceptions of value and ideations of scarcity which are abstractions based entirely on illusion.
In reality, value is a meaningless concept because all living systems are of equal worth. Every element is a living, interactive, interconnected ecosystem nested within a larger one. The idea that something’s intrinsic value is changeable according to our desire for it attests to the ridiculousness of the notion of value itself and is rooted in the lie of scarcity. There is no shortage of resources on this planet—only bullies who restrict them.
It’s time to base our economy on concrete physical reality rather than abstract psychological processes. It’s time to crash the lie and release the unlimited abundance of Earth.
—Cindy Kay Currier