The big banking industry does money laundering more that anyone else. It has to do with the slow way that they take the value out of money. Here is one of the biggest ways they do it.
Loans in the U.S. and the modern banking world that is under the IMF (International Monetary Fund) are not loans. They are creations of new money.
Two Federal Reserve pamphlets that are both now out of print explain this. They are "Modern Money Mechanics" and "Two Faces of Debt." "Two Faces of Debt" is shorter, and clearly explains how modern bank loans are not loans at the same time that they are. The thing that both pamphlets hide is, who is loaning the money to whom.
Things have changed a little since 20 years ago, but the loan process essentially works like this:
1. You get approved for a loan;
2. You sit across from the loan officer and sign the promissory note or other paperwork;
3. The loan officer takes your signed paperwork, as a loan from you, and deposits it into a temporary holding account that he opens up in your name, just like it was a check that you had signed (This might be done simply by making a ledger entry);
4. The loan officer then withdraws the amount from your temporary holding account in the form of a bank check, or maybe even cash, and closes the temporary account (This might be done simply by making a ledger entry);
5. The loan officer repays the loan to you from the instrument(s) he withdrew, with the idea that you think that it is a loan from the bank;
6. Over the months or years, you donate funds to the bank thinking that you are paying back a loan with interest, a thing that you cannot do, because the bank never loaned you the money... rather, you loaned it to the bank that first day, and the bank payed you back at the same time;
7. The bank sells the loan paperwork to unwary buyers (who don't understand the process any more than you do) to make it hard for anyone to find the real paperwork that you could use to fight the bank with.
How do we know this is true? A few bank accountants who couldn't stomach the dishonesty have come forward to show the bank ledgers that prove that this is exactly what is happening. Google "Tom Schauf," one of those (former) bank accountants, and get his books
This might be great if one of the major ideas at the time of its implementation was happening. The idea was to pay back the principal and interest to the so-called borrower at the end of the term of the loan. The bank would have the benefit of using the money during the term of the loan. The money that was created by the so-called borrower, would be returned to him, because it was his property.
The reason for doing things this way was so that money could be created to match the increased size of the population. Gold and silver are practical as money. They have value, yet in coin form are easily transferred from place to place. That's why they are the only real money that there is.
The problem with gold and silver is, there is only so much gold and silver around. In addition, both are used in industry. This means that there might not be enough gold and silver to go around as the population grows.
Part of the reason for making paper money through loans was so that the money could be increased to match the population. The process of "borrowing" money into existence was originally a very controlled process that actually DID allow only enough money to match the population as it grew.
The problem was and is, the banks are not giving the money back to the borrower at the end of the term of the loan like they should. Rather, they are keeping the money, using it to take over the world, and the people don't even understand the money process enough to demand it back.
Now we have Bitcoin... something different. And, it might make a difference, because the money laundering of the banks using the standard method in which they steal newly created money from the creators, the people, has gone way too far.
The banks will flop. The people are waking up. There will come a time that nothing that the banks can do will be able to thwart the people from going back to honest money methods. It is only a matter of time. The question is, how much strain can the current money laundering banking system take as it gradually fails, before what is left crashes suddenly?
