An Understanding of Banking and a Solution

Banking and solutions

By Brian from Direct Democracy Ireland

Several thousand years ago money as such did not exist, barter was the only means of doing business, this was a haphazard way of doing business, if one party did not have what the other wanted a trade did not take place.

Moving on someone came up with the plan to use a valued metal such as gold as a means of exchange. This was a better means of doing business and trade began to flourish over time. There were, however, two problems, gold was heavy if carried in any kind of amount and there was a problem with robbery. So the goldsmiths of the time who had started to mint coins offered to store them in their safe for security and issue receipts in lieu of them. This system was successful. The gold in the goldsmith’s safe was hardly ever moved save for some 10 % which typically moved year in and out. It occurred to the goldsmith that he could issue receipts not backed by gold and he would be paid back principal and interest and no one would be the wiser, he was not too greedy at first but through the years and human nature being what it is his successors began to ‘loan’ ever growing amounts of receipts not backed by anything. Time went by and the goldsmith’s business became banking and the receipts became currency, the amount of gold backing the currency became less and less and so we are faced with the situation today where all paper based currency are not backed by gold or anything else. This is termed a fiat currency.

So the currency is just a promise to pay remember the goldsmiths and in time the banking got rid of all the gold. Many years ago in England it was possible to redeem the English pound in silver, it was even written on the note, if you were to attempt to go into a bank in England now and ask for your money to be converted into silver all you would be offered another pound in place of the one who brought into the bank or if you were persistent most likely be escorted to the door. So the currency cannot be considered money in a true sense, its a promissory note that cannot be cashed in. However the general public have transferred their belief to seeing the 50 Euro in their hand as money – it is not.

When a person wants to get a mortgage for a house for example they must comply with a bank’s requirements of being able to pay the loan back etc. The person signs the mortgage documents, this is where the deception begins, this brings the loan into existence by creating a promissory note which the bank consider as cash under the Bills of Exchange Act 1889. The person created the credit and got access to their own credit, the bank loaned nothing. The bank also sell the promissory note on to a third party through a Special Purpose Vehicle, this is called securitisation.

Typically 85 to 90 % of mortgages have been sold off by the bank as soon as a ‘loan’ is completed.

Banks are also ‘allowed’ to practice fractional reserve banking which means they will be loaned ‘money’ by a central bank, this money will be used for mortgages etc. The bank is typically allowed to multiply this money by a factor of 9 times if the fractional reserve is 9:1. The mechanics of this are; if a man goes into a bank and lodges Eu 10,000, he gets a receipt for the amount, the bank can now loan 90% of this amount which is Eu 9,000 plus interest, the borrower of this amount will lodge this amount or buy some item and the man or woman in receipt lodges the Eu 9,000 in a bank (there is only a few of them). 90% of this Eu 9,000 can be loaned out plus interest which is Eu 8100, this Eu 8100 is lodged in a bank and 90% of this can be loaned out which is Eu 7290, this Eu 7290 is lodged in a bank and 90% of this can be loaned out giving Eu 6561 – you get the idea. From the original amount of Eu 10,000, 9 times that amour can be loaned out giving Eu 90,000 plus interest. A fractional reserve rate of 9:1 is a low rate, some US banks have an unlimited fractional reserve rate, so they can loan as much as there are people to borrow.
Currently we are now faced with what is a depression and banks are seeking to take control of houses. A sovereign man or women may ask a bank for an invoice for the amount of ‘money’ the bank lost through the loan not being paid back, but of course the bank was not at a loss at all as it loaned nothing.

Another important point about the central banks of the world is that the are all private, contrary to popular opinion, the Irish central bank act was passed in 1942 while Sean T O’ Kelly was Fine Gael minister for finance. The bill was passed when only a few members of the Dail were present. The setting up of the Federal Reserve – the US central bank happened in 1913 when there were only a few members of congress present – it was Christmas time. So basically the money is produced out of thin air and ‘loaned’ to people and the people’s labour is what gives it value, these loans are repaid to the central bank – principal plus interest. As mentioned all central banks of the world are private having the outward appearance of being public entities but are actually privately owned, by this it is meant that the party issuing the currency is a group of international bankers masquerading as the central bank itself. Usually the person at the top of the pyramid at the central bank knows of this, he needs to in order to fulfil the deception. The owners of the central banks are the international bankers the Rothschilds, the Rockefellers, Kuhn & Loeb, Lazard brothers, Warburgs, Oppenheimers and Israel Moses Seifs this group is in turn controlled by the Vatican. Incidentally the Oppenheimers funded Tony O’Reilly snr to set up Independent Newspapers. The international bankers control about 95 % of the countries of the world central banks, recent recruits are Afghanistan, Iraq & Libya.
The interest payment on the loans given by the central banks are paid for by the people’s income tax or part thereof.

You might have heard of the Rothschilds, they are the people who are the biggest bondholders in Anglo Irish Bank, also one of their family businesses NM Rothschild advised the Irish government on the setting up of NAMA, the Rothschilds bought the Associated Press in the late 1800’s, the AP bought Reuters some time later.
Because all currency (principal) is loaned by the Central Bank and must be
repaid principal plus interest there is always a shortfall. This leads to inflation.

So to summarise – A private company masquerading as the Central Bank of Ireland prints and ‘lends’ a piece of paper not backed by anything eg with € 50 written on it and is paid back €50 plus interest made into real money by the Irish people’s labour.

The €50 is deleted / burned / extinguished (remember it was created out of nothing) and the interest is paid to the Central Bank (the international bankers) ie the people’s income tax. In actual fact only 3 % of all currency is paper and coinage, these notes cost approx 3 cents each to produce, 97 % is numbers typed on a computer screen. The production of coinage is done by the central bank themselves (not the international bankers). So when the Irish treasury requests Eu 1,000,000 from the Central Bank, an individual there simply types that amount on a computer screen, it can then be loaned out at interest. The Central Bank in turn receives bonds to the value of the loan.

The National Debt is the difference between what the Central Bank printed off and loaned out at interest minus what has been paid back.

This system is fraudulent and is approaching collapse. A new system is called for in which the Irish banks and bondholders or loans taken out to pay these are stopped & the Sovereign Irish people to issue their own currency, this could be done without the charge of interest.
A typical mortgage of €150,000 would be repaid as € 150,000 plus a nominal processing fee. There would be no inflation and no interest (no usury) and no income tax with this new system because it would be backed by gold also the costs of goods & services would fall by 30 to 40 %. Of course the issuing of currency interest free by the government which is under the control of the people through  a system of Direct Democracy would mean the end of commercial banking, this idea may not go down too well in some quarters, Two American presidents attempted to do just this, Abraham Lincoln & Jack Kennedy, both these presidents were assassinated. Kennedy’s executive order 11110 was for the issuing of an American dollar backed by silver interest free.

By gaining control of the monetary system the sovereign and lawful people of Ireland can get control of other areas of influence which have for many years been under the control of a maniacal cabal such as the political, media, pharmaceutical, judicial, energy & military/industrial complex. All these groups operate on a pyramidal structure which the people at the top control – the Irish people are sovereign!

In order to effect these changes people must be elected to the Dail who will be in service to the people. The vehicle by which this could be implemented is Direct Democracy Ireland or any party that supports the idea of direct democracy.
Apparently a fund does exist for the new monetary system although I cannot confirm its existence. The Collateral Accounts (OITC) are the gold & silver that will fund the new world currencies when the current one fails which is looking ever more likely as each day passes. The Collateral Accounts will be gifted to nations when these new sovereign movements are in place.

A movement called the Public Banking Forum of Ireland is looking at setting up a series of public banks regionally throughout the country, this idea is based on the German Sparkassen model, Germany’s public banks have approximately 70 % of the market. This banking system is publicly owned with profits reinvested in their communities and under the control of the community. While this enterprise is not indicating an interest free currency it is a step in the right direction

Brian From Direct Democracy Ireland

Sources…/…/fractional-reserve-ban Dailproceedings regarding setting up the central bank in Ireland.

The Money Masters video by Bill Still online video

The Creature from Jekyll Island book by G Edward Griffin – book – also info online.

Public talks given by Jim Corr on the Late Late Show etc.

Aaron Russo’s – From Freedom to Fascism – video online.

Confessions of an Economic Hitman video – John Perkins – online video. Gabriel Donahue’s blog.

How the Banks are Screwing You & What You Can Do About It

By Marcus Mckeown. The Public Banking Forum of Ireland

Public talks given by Ben Gilroy and Clare Leonard of Direct Democracy Ireland.


“The process of which money is created is so simple the mind is repelled”
John Kenneth Galbraith

“If the American people ever figured out how their banking system worked, there would be a revolution before tomorrow morning” Henry Ford auto mfr.

“The issue that has passed down through the centuries and will have to be fought sooner or later is the people versus the banks” Lord Acton

“If the American people ever allow private banks to control the issuance of their currency…. the banks and corporations that will grow up around them will deprive the people of all the property, until their children wake up homeless on the continent their fathers conquered” Thomas Jefferson

“Government should create, issue, and circulate all currency. Creating and issuing currency is the supreme prerogative of government and its greatest creative opportunity.
Adopting these principles will save the taxpayers huge sums of interest and money will cease to be the master and become the servant of humanity.”

Abraham Lincoln

Brian  Mar 2015

Chart of who “owns” the Federal Reserve

(The United States Central Bank)

Chart 1
Federal Reserve Directors: A Study of Corporate and Banking Influence

Published 1976

Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control.

N.M. Rothschild , London – Bank of England


| |

| J. Henry Schroder

| Banking | Corp.

| |

Brown, Shipley – Morgan Grenfell – Lazard – |

& Company & Company Brothers |

| | | |

——————–| ——-| | |

| | | | | |

Alex Brown – Brown Bros. – Lord Mantagu – Morgan et Cie — Lazard —|

& Son | Harriman Norman | Paris Bros |

| | / | N.Y. |

| | | | | |

| Governor, Bank | J.P. Morgan Co — Lazard —|

| of England / N.Y. Morgan Freres |

| 1924-1938 / Guaranty Co. Paris |

| / Morgan Stanley Co. | /

| / | \Schroder Bank

| / | Hamburg/Berlin

| / Drexel & Company /

| / Philadelphia /

| / /

| / Lord Airlie

| / /

| / M. M. Warburg Chmn J. Henry Schroder

| | Hamburg ——— marr. Virginia F. Ryan

| | | grand-daughter of Otto

| | | Kahn of Kuhn Loeb Co.

| | |

| | |

Lehman Brothers N.Y ————– Kuhn Loeb Co. N. Y.

| | ————————–


| | | |


| | | |

Lehman Brothers – Mont. Alabama Solomon Loeb Abraham Kuhn

| | __|______________________|_________

Lehman-Stern, New Orleans Jacob Schiff/Theresa Loeb Nina Loeb/Paul Warburg

————————- | | |

| | Mortimer Schiff James Paul Warburg

_____________|_______________/ |

| | | | |

Mayer Lehman | Emmanuel Lehman \

| | | \

Herbert Lehman Irving Lehman \

| | | \

Arthur Lehman \ Phillip Lehman John Schiff/Edith Brevoort Baker

/ | Present Chairman Lehman Bros

/ Robert Owen Lehman Kuhn Loeb – Granddaughter of

/ | George F. Baker

| / |

| / |

| / Lehman Bros Kuhn Loeb (1980)

| / |

| / Thomas Fortune Ryan

| | |

| | |

Federal Reserve Bank Of New York |

|||||||| |

______National City Bank N. Y. |

| | |

| National Bank of Commerce N.Y —|

| | \

| Hanover National Bank N.Y. \

| | \

| Chase National Bank N.Y. \

| |

| |

Shareholders – National City Bank – N.Y. |

—————————————– |

| /

James Stillman /

Elsie m. William Rockefeller /

Isabel m. Percy Rockefeller /

William Rockefeller Shareholders – National Bank of Commerce N. Y.

  1. P. Morgan ———————————————–

M.T. Pyne Equitable Life – J.P. Morgan

Percy Pyne Mutual Life – J.P. Morgan

J.W. Sterling H.P. Davison – J. P. Morgan

NY Trust/NY Edison Mary W. Harriman

Shearman & Sterling A.D. Jiullard – North British Merc. Insurance

| Jacob Schiff

| Thomas F. Ryan

| Paul Warburg

| Levi P. Morton – Guaranty Trust – J. P. Morgan



Shareholders – First National Bank of N.Y.


J.P. Morgan

George F. Baker

George F. Baker Jr.

Edith Brevoort Baker

US Congress – 1946-

Shareholders – Hanover National Bank N.Y.


James Stillman

William Rockefeller






Shareholders – Chase National Bank N.Y.


George F. Baker

Chart 2
Federal Reserve Directors: A Study of Corporate and Banking Influence

– Published 1983

The J. Henry Schroder Banking Company chart encompasses the entire history of the twentieth century, embracing as it does the program (Belgian Relief Commission) which provisioned Germany from 1915-1918 and dissuaded Germany from seeking peace in 1916; financing Hitler in 1933 so as to make a Second World War possible; backing the Presidential campaign of Herbert Hoover ; and even at the present time, having two of its major executives of its subsidiary firm, Bechtel Corporation serving as Secretary of Defense and Secretary of State in the Reagan Administration.

The head of the Bank of England since 1973, Sir Gordon Richardson, Governor of the Bank of England (controlled by the House of Rothschild) was chairman of J. Henry Schroder Wagg and Company of London from 1963-72, and director of J. Henry Schroder,New York and Schroder Banking Corporation,New York,as well as Lloyd’s Bank of London, and Rolls Royce. He maintains a residence on Sutton Place in New York City, and as head of “The London Connection,” can be said to be the single most influential banker in the world.

  1. Henry Schroder





Baron Rudolph Von Schroder

Hamburg – 1858 – 1934




Baron Bruno Von Schroder

Hamburg – 1867 – 1940

  1. C. Tiarks |

1874-1952 |

| |

marr. Emma Franziska |

(Hamburg) Helmut B. Schroder

  1. Henry Schroder 1902 |

Dir. Bank of England |

Dir. Anglo-Iranian |

Oil Company J. Henry Schroder Banking Company N.Y.



  1. Henry Schroder Trust Company N.Y.





| |

Allen Dulles John Foster Dulles

Sullivan & Cromwell Sullivan & Cromwell

Director – CIA U. S. Secretary of State

Rockefeller Foundation

Prentiss Gray


Belgian Relief Comm. Lord Airlie

Chief Marine Transportation ———–

US Food Administration WW I Chairman; Virgina Fortune

Manati Sugar Co. American & Ryan daughter of Otto Kahn

British Continental Corp. of Kuhn,Loeb Co.

| |

| |

  1. E. Rionda |

———— |

Pres. Cuba Cane Sugar Co. |

Manati Sugar Co. many other |

sugar companies. _______|

| |

| |

  1. A. Zabriskie |

————— | Emile Francoui

Chmn U.S. Sugar Equalization | ————–

Board 1917-18; Pres Empire | Belgian Relief Comm. Kai

Biscuit Co., Columbia Baking | Ping Coal Mines, Tientsin

Co. , Southern Baking Co. | Railroad,Congo Copper, La

| Banque Nationale de Belgique

Suite 2000 42 Broadway | N. Y |


| | |

| | |

Edgar Richard Julius H. Barnes Herbert Hoover

————- —————- ————–

Belgium Relief Comm Belgium Relief Comm Chmn Belgium Relief Com

Amer Relief Comm Pres Grain Corp. U.S. Food Admin

U.S. Food Admin U.S. Food Admin Sec of Commerce 1924-28

1918-24, Hazeltine Corp. 1917-18, C.B Pitney Kaiping Coal Mines

| Bowes Corp, Manati Congo Copper, President

| Sugar Corp. U.S. 1928-32




John Lowery Simpson


Sacramento,Calif Belgium Relief |

Comm. U. S. Food Administration Baron Kurt Von Schroder

Prentiss Gray Co. J. Henry Schroder ———————–

Trust, Schroder-Rockefeller, Chmn Schroder Banking Corp. J.H. Stein

Fin Comm, Bechtel International Bankhaus (Hitler’s personal bank

Co. Bechtel Co. (Casper Weinberger account) served on board of all

Sec of Defense, George P. Schultz German subsidiaries of ITT . Bank

Sec of State (Reagan Admin). for International Settlements,

| SS Senior Group Leader,Himmler’s

| Circle of Friends (Nazi Fund),

| Deutsche Reichsbank,president



Schroder-Rockefeller & Co. , N.Y.


Avery Rockefeller, J. Henry Schroder

Banking Corp., Bechtel Co., Bechtel

International Co. , Canadian Bechtel

Company. |




Gordon Richardson


Governor, Bank of England

1973-PRESENT C.B. of J. Henry Schroder N.Y.

Schroder Banking Co., New York, Lloyds Bank

Rolls Royce

Chart 3
Federal Reserve Directors: A Study of Corporate and Banking Influence

– Published 1976

The David Rockefeller chart shows the link between the Federal Reserve Bank of New York,Standard Oil of Indiana,General Motors and Allied Chemical Corportion (Eugene Meyer family) and Equitable Life (J. P. Morgan).



Chairman of the Board

Chase Manhattan Corp




Chase Manhattan Corp. |

Officer & Director Interlocks|———————

——|———————– |

| |

Private Investment Co. for America Allied Chemicals Corp.

| |

Firestone Tire & Rubber Company General Motors

| |

Orion Multinational Services Ltd. Rockefeller Family & Associates

| |

ASARCO. Inc Chrysler Corp.

| |

Southern Peru Copper Corp. Intl’ Basic Economy Corp.

| |

Industrial Minerva Mexico S.A. R.H. Macy & Co.

| |

Continental Corp. Selected Risk Investments S.A.

| |

Honeywell Inc. Omega Fund, Inc.

| |

Northwest Airlines, Inc. Squibb Corporation

| |

Northwestern Bell Telephone Co. Olin Foundation

| |

Minnesota Mining & Mfg Co (3M) Mutual Benefit Life Ins. Co. of NJ

| |

American Express Co. AT & T

| |

Hewlett Packard Pacific Northwestern Bell Co.

| |

FMC Corporation BeachviLime Ltd.

| |

Utah Intl’ Inc. Eveleth Expansion Company

| |

Exxon Corporation Fidelity Union Bancorporation

| |

International Nickel/Canada Cypress Woods Corporation

| |

Federated Capital Corporation Intl’ Minerals & Chemical Corp.

| |

Equitable Life Assurance Soc U.S. Burlington Industries

| |

Federated Dept Stores Wachovia Corporation

| |

General Electric Jefferson Pilot Corporation

| |

Scott Paper Co. R. J. Reynolds Industries Inc.

| |

American Petroleum Institute United States Steel Corp.

| |

Richardson Merril Inc. Metropolitan Life Insurance Co.

| |

May Department Stores Co. Norton-Simon Inc.

| |

Sperry Rand Corporation Stone-Webster Inc.

| |

San Salvador Development Company Standard Oil of Indiana

Chart 4
Federal Reserve Directors: A Study of Corporate and Banking Influence

– Published 1976

This chart shows the interlocks between the Federal Reserve Bank of New York J. Henry Schroder Banking Corp., J. Henry Schroder Trust Co., Rockefeller Center, Inc., Equitable Life Assurance Society ( J.P. Morgan), and the Federal Reserve Bank of Boston.

Alan Pifer, President

Carnegie Corporation

of New York





Carnegie Corporation

Trustee Interlocks ————————–

———————- |

| |

Rockefeller Center, Inc J. Henry Schroder Trust Company

| |

The Cabot Corporation Paul Revere Investors, Inc.

| |

Federal Reserve Bank of Boston Qualpeco, Inc.


Owens Corning Fiberglas


New England Telephone Co.


Fisher Scientific Company


Mellon National Corporation


Equitable Life Assurance Society


Twentieth Century Fox Corporation


  1. Henry Schroder Banking Corporation

Chart 5
Federal Reserve Directors: A Study of Corporate and Banking Influence

– Published 1976

This chart shows the link between the Federal Reserve Bank of New York, Brown Brothers Harriman,Sun Life Assurance Co. (N.M. Rothschild and Sons), and the Rockefeller Foundation.

Maurice F. Granville

Chairman of The Board

Texaco Incorporated




Texaco Officer & Director Interlocks —————- Liggett & Myers, Inc.

———————————— |

| |

| |

L Arabian American Oil Company St John d’el Ray Mining Co. Ltd.

O | |

N Brown Brothers Harriman & Co. National Steel Corporation

D | |

O Brown Harriman & Intl’ Banks Ltd. Massey-Ferguson Ltd.

N | |

American Express Mutual Life Insurance Co.

| |

  1. American Express Intl’ Banking Corp. Mass Mutual Income Investors Inc.
  2. | |

Anaconda United Services Life Ins. Co.

R | |

O Rockefeller Foundation Fairchild Industries

T | |

H Owens-Corning Fiberglas Blount, Inc.

S | |

C National City Bank (Cleveland) William Wrigley Jr. Co

H | |

I Sun Life Assurance Co. National Blvd. Bank of Chicago

L | |

D General Reinsurance Lykes Youngstown Corporation

| |

General Electric (NBC) Inmount Corporation

** Source: Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976.


Fractional Reserve Banking discussed in Dáil Éireann: 1942

As World War II raged, an amazing thing happened in Irish politics. According to Wikipedia’s entry for Seán T. O’Kelly:

O’Kelly was appointed Minister of Finance in 1939. He secured the passing of The Central Bank Act in 1942.[4] On 17 July 1942 at the fifth and final stage of the Dail debate on the “Central Banking Bill”, he argued that the owner of the credit issued by the Central Bank of Ireland, should be the private property of the joint stock banker and not the property of the people of Ireland. This debate was carried out when only five Deputies were present in the Dáil.

But how did the question of “credit” even arise? It arose thanks to James Dillon, TD for Donegal West, who made a remarkable contribution, including what follows:

“There are two methods of rebutting the contention that credit money here belongs to the Irish people. One is the method of denying its existence, and that, as I understand it, is the position of the Leader of the Opposition. The position taken up by the Leader of the Opposition and by those who think with him is that a banker lends the money of his depositors and shareholders and nothing else, and that, therefore, the public have no concern with the activities of a bank, other than their personal dealings with it.

I propose to submit to the House that, far from that being true, the day the banker gets established, the least of his business is the lending of his money or that of his depositors and shareholders, that that represents only one-tenth of his activities and that the remaining nine-tenths of his total activities consists in lending and dealing in a commodity called credit money which he creates on the strength of the fact that he is functioning in a community consisting of law-abiding men who maintain, by their several individual exertions, a stable community.

This conception is so revolutionary to many persons who have never given any study to banking that a large number of people, without examining the evidence, simply throw their hands in the air and say that it could not be true; but the astonishing fact is that it is true, and, by the mercy of Providence, these facts were made manifest and placed forever on record in the evidence of the Committee on Finance and Industry which sat under the chairmanship of Lord MacMillan in 1931, and the minutes of whose evidence have been reported.”