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… Receive Government Money Creation or Social Credit
Private central banks and banking, in general, place some people at the top of the hierarchy, with no real scarcity, while perpetuating scarcity upon the majority. In this way, a banking system designed for elite ends allocates credit and money to select individuals. And the most select individuals are those with the strongest connections to the elites that control the banking system.
This is why then-Treasury Secretary Hank Paulson did not want any oversight into how the TARP money was spent and why the same secrecy was applied during the coronavirus …

… discount window,” the Federal Reserve’s program of low-interest loans. Mega-banks assert that they actually lose money on small deposits, and while we shouldn’t take this claim too seriously, it’s clear that deposits are not their primary concern. The other mainstay of traditional banking is lending—handing out money to be paid back at a set interest rate. And while mega-banks still make a lot of loans, they have basically determined that they can’t turn enough of a profit simply by sitting back and collecting interest. Loans to businesses represent just 11.5 percent …

… without banks being left in private hands to do whatever they want, free of serious regulation and even from prosecution when they commit fraud. This means saving creditors – the One Percent – not the indebted 99 Percent.” – Michael Hudson / Evonomics

… how much credit can they create? Wicksell (1907) described a credit-based economy in the Economic Journal, arguing that..
“The banks in their lending business are not only not limited by their own capital; they are not, at least not immediately, limited by any capital whatever; by concentrating in their hands almost all payments, they themselves create the money required….”
“In a pure system of credit, where all payments were made by transference in the bank-books, the banks would be able to grant at any moment any amount of loans at any, however diminutive, rate of interest.” 12 [Wicksell …

Executive Summary

International private banking interests punished Germany for creating its own debt-free money through the denial of international credit.

Introduction
Because the Nazi government created its own debt-free money, it was denied international credit. Therefore, its innovation was to trade or barter with countries without the use of currencies. If Nazi Germany had used a freely floating currency, it is more likely that private banking interests would have speculated against the currency. It is of critical importance that private banking interests be able to retaliate against any country that does not hand its money creation function over …