THIRTEEN FAMILIES EFFECTIVELY CONTROL THE CENTRAL BANKS of all the hard-currency countries. These “control banks” all practice FRACTIONAL RESERVE BANKING, which is perfectly legal in the US. Fractional reserve banking means that the bank is only required to hold on hand the small fraction of money (5%) that is needed to cover the fraction of deposits likely to be drawn upon and cashed. Moneys deposited in accounts go into a reserve upon which credit can be issued. In the US credit can be issued to seven times the reserve, in international banks (off shore establishments) twenty times the reserve can be issued as credit. It is important to understand this concept in order to understand the larger picture.
In the mid 1970’s, the final phase of System 2000, a “global creditors’ unilateral totalitarian plan” was put into effect. A Pentagon official and three other US officials went to the Prime Minister of Nigeria and offered him fifty million dollars in cash to double the price of light crude oil. Nigeria is one of only two countries in the world that produce light crude, which is an extremely pure form of oil whose price sets the standard for all other forms of crude oil.
Armed with the knowledge that, because of their deal with Nigeria, the price of Mid-east oil was about the skyrocket, the international bankers went to the Arabs and said, “We will send the price of crude oil as high as you want if you will promise to invest some of the money you make in the United States.”