Student Name:
Date Started:
RECEIVE (read), REFLECT (answer questions), RECALL (close book, write from memory), RECITE (teach someone), REVIEW (spaced repetition), RESPOND (apply practically).
"The rich ruleth over the poor, and the borrower is servant to the lender." — Proverbs 22:7
Introduction: This workbook exposes the hidden mechanisms of the modern banking system. You will learn how money is created, who controls it, and why the national debt is mathematically impossible to pay off. This is not conspiracy theory; it is documented history and mathematics.
What You Will Learn:
Sacred Names Used: Yahuah (not LORD), Elohim (God)
Target Audience: Adults (18+)
Study Time: 6-8 hours
Most Americans believe the Federal Reserve is a government agency. It is not. It is a private banking cartel that was given control over the nation's money supply in 1913.
1. The Federal Reserve was created on , 1913.
2. True or False: The Federal Reserve is a branch of the U.S. Government.
3. Why is it significant that the Federal Reserve Act was passed just before Christmas?
1. The Federal Reserve is:
○ A) A branch of the U.S. Treasury
○ B) A private banking cartel
○ C) A nonprofit government agency
○ D) Part of the Department of Commerce
2. How many regional Federal Reserve banks exist?
○ A) 1
○ B) 5
○ C) 12
○ D) 50
3. Has the Federal Reserve ever been fully audited?
○ A) Yes, annually
○ B) Yes, once in 1933
○ C) No, never
○ D) Yes, but results are classified
1. The word "Federal" in Federal Reserve means it is a government agency.
○ True ○ False — Correction:
2. The Federal Reserve was created in 1913.
○ True ○ False — Correction:
3. Congress has repeatedly passed "Audit the Fed" legislation.
○ True ○ False — Correction:
Close this workbook. Write: What year was the Fed created? What day specifically? What is the Fed's structure? Who has audited it?
Items I need to review:
Explain to someone that the Federal Reserve is NOT a government agency.
Person I taught: Date:
Question they asked:
How I answered:
"The rich ruleth over the poor, and the borrower is servant to the lender."
Write from memory:
Before the next lesson, complete ONE:
What I did:
What happened:
Modern money is not backed by gold or silver. It is "fiat" currency, backed only by debt. The process of creating money is called Fractional Reserve Banking.
When you deposit $1,000 into a bank:
Result: 90% of the money in circulation is created as DEBT. It does not exist until someone borrows it.
1. Explain "Fractional Reserve Banking" in your own words:
2. If a bank holds a 10% reserve requirement, how much money can they create from a $5,000 deposit?
Answer: $
1. What percentage of money in circulation is created as DEBT?
○ A) 10%
○ B) 50%
○ C) 90%
○ D) 100%
2. Under 10% reserve requirements, a $1,000 deposit can create how much money?
○ A) $1,000
○ B) $5,000
○ C) $10,000
○ D) $100,000
3. Modern "fiat" currency is backed by:
○ A) Gold
○ B) Silver
○ C) Debt/Nothing
○ D) Oil reserves
1. Banks lend out money that already exists in their vaults.
○ True ○ False — Correction:
2. Money does not exist until someone borrows it into existence.
○ True ○ False — Correction:
3. Banks keep 90% of deposits as reserves.
○ True ○ False — Correction:
Close this workbook. Explain the fractional reserve process: What happens when you deposit $1,000?
Items I need to review:
Explain to someone how banks create money from nothing.
Person: Date:
Question:
Answer:
"A false balance is abomination to Yahuah: but a just weight is his delight."
Write:
What I did:
Result:
The U.S. National Debt is currently over $38 Trillion (2025 estimate). But who do we owe this money to?
When the government needs money, it issues Treasury Bonds (debt). The Federal Reserve prints money (from nothing) to buy these bonds. The government then owes the Fed the money plus interest.
The Problem: The money to pay the interest was never created. Only the principal was created. Therefore, the total debt is always greater than the total money supply. It is mathematically impossible to pay off the debt without creating more debt.
| Year | Debt Amount | Debt Per Citizen |
|---|---|---|
| 1913 | $2.9 billion | $29 |
| 1980 | $907 billion | $4,000 |
| 2000 | $5.6 trillion | $20,000 |
| 2020 | $27 trillion | $82,000 |
| 2025 | $38 trillion | $113,000 |
1. How much has the debt per citizen increased since 1913?
2. In 2024, interest payments on the debt exceeded $950 billion. Where does the government get the money to pay this interest?
1. The current U.S. national debt (2025) is approximately:
○ A) $3 trillion
○ B) $10 trillion
○ C) $38 trillion
○ D) $100 trillion
2. Debt per citizen in 2025 is approximately:
○ A) $1,000
○ B) $10,000
○ C) $50,000
○ D) $113,000
3. Why is the national debt mathematically impossible to pay off?
○ A) Congress refuses to pay
○ B) The interest was never created
○ C) Foreign countries own it all
○ D) Banks forgive it annually
1. The total debt is always greater than the total money supply.
○ True ○ False — Correction:
2. The money to pay interest on the debt is created alongside the principal.
○ True ○ False — Correction:
3. In 1913, debt per citizen was $29.
○ True ○ False — Correction:
Close this workbook. Write: Current debt amount, debt per citizen, and why the debt can never be paid off.
Explain the "debt trap" to someone - why the debt can never be repaid.
Person: Date:
Question:
Answer:
"Owe no man any thing, but to love one another..."
Write:
What I did:
Result:
Inflation is not a natural phenomenon; it is a hidden tax. By printing more money, the value of existing money decreases. This steals purchasing power from your savings.
| Year | Purchasing Power of $1 | What $1 Could Buy |
|---|---|---|
| 1913 | $1.00 | 30 chocolate bars |
| 1950 | $0.13 | 4 chocolate bars |
| 2000 | $0.05 | 1.5 chocolate bars |
| 2025 | $0.03 | Less than 1 bar |
1. Since the Federal Reserve was created in 1913 to "stabilize the dollar," the dollar has lost approximately % of its value.
2. How does inflation violate the biblical principle of "honest weights and measures" (Deuteronomy 25:15)?
1. Since 1913, the dollar has lost approximately:
○ A) 10%
○ B) 50%
○ C) 75%
○ D) 96-97%
2. Inflation is best described as:
○ A) Natural economic growth
○ B) A hidden tax through money printing
○ C) Increased production costs
○ D) Supply chain issues
3. In 1913, $1 could buy 30 chocolate bars. Today it buys:
○ A) 30 chocolate bars
○ B) 15 chocolate bars
○ C) 5 chocolate bars
○ D) Less than 1 chocolate bar
1. Inflation is a natural economic phenomenon outside human control.
○ True ○ False — Correction:
2. The Fed was created to "stabilize" the dollar.
○ True ○ False — Correction:
3. Your savings lose value every year due to inflation.
○ True ○ False — Correction:
Close this workbook. Write: How much value has the dollar lost? What could $1 buy in 1913 vs today?
Explain to someone how inflation steals purchasing power.
Person: Date:
Question:
Answer:
"But thou shalt have a perfect and just weight, a perfect and just measure shalt thou have..."
Write:
What I did:
Result:
The Federal Reserve is privately owned by its member banks. It is not "federal" and it has no "reserves."
In November 1910, six powerful men met in secret at Jekyll Island, Georgia, to draft the Federal Reserve Act. They traveled under assumed names to avoid detection.
1. The secret meeting to create the Federal Reserve took place at Island in 1910.
2. The Federal Reserve is owned by its banks, such as JPMorgan Chase and Citigroup.
1. The secret meeting to plan the Federal Reserve took place at:
○ A) The White House
○ B) Jekyll Island, Georgia
○ C) Wall Street, New York
○ D) London, England
2. Which president signed the Federal Reserve Act and later regretted it?
○ A) Abraham Lincoln
○ B) Theodore Roosevelt
○ C) Woodrow Wilson
○ D) Franklin Roosevelt
3. Paul Warburg was a partner at:
○ A) Goldman Sachs
○ B) Kuhn, Loeb & Co.
○ C) Bank of America
○ D) Citigroup
1. The Jekyll Island meeting was public and well-documented at the time.
○ True ○ False — Correction:
2. The bankers traveled under assumed names to avoid detection.
○ True ○ False — Correction:
3. The Federal Reserve is "federal" and has "reserves."
○ True ○ False — Correction:
Close this workbook. Write: Where did the meeting happen? Name 3 attendees. What did Woodrow Wilson say?
Tell someone about the Jekyll Island conspiracy.
Person: Date:
Question:
Answer:
"And have no fellowship with the unfruitful works of darkness, but rather reprove them."
Write:
What I did:
Result:
In 2008, the "Too Big to Fail" banks caused a global financial crisis through risky gambling with derivatives. Instead of failing, they were bailed out by the taxpayers.
| Bank | Total Assets (approx.) | Bailout Received (TARP) |
|---|---|---|
| Citigroup | $1.7 Trillion | $45 Billion |
| Bank of America | $2.6 Trillion | $45 Billion |
| AIG (Insurance) | - | $68 Billion |
| General Motors | - | $50 Billion |
1. Who paid for these bailouts?
2. Did the bank executives stop receiving bonuses after the bailout? (Research this if you don't know)
1. How much did Citigroup receive in TARP bailout funds?
○ A) $1 billion
○ B) $10 billion
○ C) $45 billion
○ D) $100 billion
2. What phrase was used to justify the bailouts?
○ A) "Too small to matter"
○ B) "Too big to fail"
○ C) "Too fast to stop"
○ D) "Too complex to understand"
3. AIG (an insurance company) received approximately:
○ A) $10 billion
○ B) $45 billion
○ C) $68 billion
○ D) $100 billion
1. The taxpayers paid for the bank bailouts.
○ True ○ False — Correction:
2. Bank executives gave up their bonuses after receiving taxpayer money.
○ True ○ False — Correction:
3. The banks that caused the crisis were allowed to fail.
○ True ○ False — Correction:
Close this workbook. Write: What was TARP? How much did the top 3 recipients get? Who paid?
Explain the 2008 bailout injustice to someone.
Person: Date:
Question:
Answer:
"He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor."
Write:
What I did:
Result:
The Bible has strict laws regarding money, debt, and interest (usury). The modern banking system violates almost all of them.
Look up the following verses and write what they say about money, debt, and usury:
Exodus 22:25 - "If you lend money to any of My people who are poor among you..."
Proverbs 22:7 - "The rich rules over the poor, and..."
Leviticus 25:35-37 - Commands regarding lending to brothers
Deuteronomy 25:15 - "You shall have a perfect and just weight, a perfect and just measure..."
Hebrew: neshek (נֶשֶׁךְ) - Strong's H5392 = "bite"
Definition: Usury in the Bible refers to charging any interest on a loan, especially to a brother or the poor. The Hebrew word literally means "to bite"—interest "bites" away at the borrower's resources.
Historical Context: For 1,500 years (from early church through Middle Ages), the Christian church condemned charging ANY interest on loans as a mortal sin. This changed during the Reformation era as commerce expanded.
Torah Command: Exodus 22:25, Leviticus 25:35-37, Deuteronomy 23:19-20 - Do NOT charge interest to brothers/poor
5. How does the debt-based money system enslave people according to Proverbs 22:7 ("The borrower is servant to the lender")?
1. The Hebrew word for "usury" (neshek) literally means:
○ A) Profit
○ B) Bite
○ C) Growth
○ D) Blessing
2. For how many years did the Christian church condemn ALL interest as sin?
○ A) 100 years
○ B) 500 years
○ C) 1,500 years
○ D) Never
3. According to Proverbs 22:7, the borrower is:
○ A) Blessed
○ B) Wise
○ C) Servant to the lender
○ D) Free
1. The Torah permits charging interest to the poor.
○ True ○ False — Correction:
2. Deuteronomy 25:15 commands honest weights and measures.
○ True ○ False — Correction:
3. The Bible has little to say about money and debt.
○ True ○ False — Correction:
Close this workbook. Write: What does "neshek" mean? What do Exodus 22:25, Leviticus 25:35-37, and Proverbs 22:7 say?
Explain the biblical view of usury and debt to someone.
Person: Date:
Question:
Answer:
"If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury."
Write:
What I did:
Result:
While the system is powerful, you are not helpless. You can take steps to protect yourself and your family.
1. What is the most important thing you learned from this workbook?
2. What is one change you will make in your financial life based on this information?
1. According to Proverbs 22:7, the first step to financial freedom is:
○ A) Invest in stocks
○ B) Get out of debt
○ C) Open more credit cards
○ D) Trust the government
2. Real assets that retain value include:
○ A) Paper money
○ B) Credit cards
○ C) Gold, silver, land
○ D) Bank accounts
3. Revelation 18:4 commands believers to:
○ A) Join Babylon's system
○ B) Come out of Babylon
○ C) Invest in big banks
○ D) Trust the Federal Reserve
1. There is nothing individuals can do about the banking system.
○ True ○ False — Correction:
2. Building local community networks provides protection when systems fail.
○ True ○ False — Correction:
3. Scripture prophesies Babylon will stand forever.
○ True ○ False — Correction:
Close this workbook. List the 6 action steps from this lesson. Which will you implement first?
Share what you learned with your family/community.
Person: Date:
Their reaction:
Action they committed to:
"And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues."
Write:
Based on this workbook, I commit to:
My primary commitment:
Target completion date:
Accountability partner:
Review each lesson at these intervals:
| Lesson | Done | D1 | D3 | D7 | D21 | D60 |
|---|---|---|---|---|---|---|
| 1. What is the Federal Reserve | ||||||
| 2. Before the Federal Reserve | ||||||
| 3. How They Did It | ||||||
| 4. How Money is Created | ||||||
| 5. Debt Slavery System | ||||||
| 6. Biblical View of Money | ||||||
| 7. What Can Be Done | ||||||
| 8. Personal Application |
Fill-in/Short: 1. December 23 | 2. False - private banking cartel | 3. Passed while Congress was away
Multiple Choice: 1-B (private banking cartel), 2-C (12), 3-C (never)
True/False: 1-False (private, not government), 2-True, 3-False (bills repeatedly blocked)
Short: 1. 10% reserves, 90% lent, money multiplier | 2. $50,000
Multiple Choice: 1-C (90%), 2-C ($10,000), 3-C (Debt/Nothing)
True/False: 1-False (banks create money), 2-True, 3-False (10% reserves)
Analysis: 1. ~390,000% increase | 2. Taxes or more borrowing
Multiple Choice: 1-C ($38 trillion), 2-D ($113,000), 3-B (interest never created)
True/False: 1-True, 2-False (interest NOT created), 3-True
Short: 1. 96-97% | 2. Inflation = dishonest measure
Multiple Choice: 1-D (96-97%), 2-B (hidden tax), 3-D (less than 1)
True/False: 1-False (caused by money printing), 2-True (but failed), 3-True
Fill-in: 1. Jekyll | 2. Member (private)
Multiple Choice: 1-B (Jekyll Island), 2-C (Woodrow Wilson), 3-B (Kuhn, Loeb)
True/False: 1-False (secret meeting), 2-True, 3-False (neither federal nor reserves)
Short: 1. Taxpayers | 2. No, bonuses continued
Multiple Choice: 1-C ($45 billion), 2-B (too big to fail), 3-C ($68 billion)
True/False: 1-True, 2-False (bonuses continued), 3-False (bailed out)
Scripture: Ex 22:25 (no usury to poor) | Prov 22:7 (borrower=servant) | Lev 25:35-37 (no interest to brothers) | Deut 25:15 (honest weights)
Multiple Choice: 1-B (bite), 2-C (1,500 years), 3-C (servant to lender)
True/False: 1-False (forbidden), 2-True, 3-False (much teaching on money)
Multiple Choice: 1-B (get out of debt), 2-C (gold, silver, land), 3-B (come out)
True/False: 1-False (many things you can do), 2-True, 3-False (Babylon will fall)
Personal answers will vary - Look for genuine understanding and practical commitments