The question is, are we going to do something about it?
In my current reading repertoire, is a book written by cellular biologist Bruce Lipton and political and cultural commentator Steve Bhaerman. “Spontaneous Evolution” is broad in scope and depth.
What I want to share with you is a simple explanation of the death spiral of economic structure we are working under. Here are four paragraphs, per DU dictates. They are long paragraphs, but essential to illustrate exactly how banks are enslaving us.
So, let’s say you borrow $1,000, the privilege for which you must repay the bank $1,100. Where do you get the extra $100? Well, from selling your goods or services to other people. True --- but where do they get the money to pay you? Oh, yes ---- they borrow the money from the same bank, which, of course, charges them interest, too.
Let’s say a country has a population of one million people and each citizen borrows $1,000 from the bank to create an economy based on currency exchange. Collectively, the bank loans the country $1 billion in bank notes. In return, the country owes the bank $1 billion dollars for the loan's principal, plus another $100 million for the interest. So where does the country get the extra $100 million in currency to pay the bank? It doesn’t. It can’t.
Now remember, only banks can create money. What’s happening today?
Inevitably, the compounding of the debt leads to a situation in which creditor insolvency motivates banks to foreclose on loans. The debtor’s property, used as collateral for the loan, is confiscated and distributed to the bank’s shareholders. Because the money loaned by the bank was never equal to the value of the collateral, the shareholders happily accept foreclosures.
So, how long has this been going on?
This persistent pattern in the money game can be traced back to ancient Babylon. Centuries before Jesus cast the moneychangers from the temple, the priests of Baal had their own money racket. Each spring, they would extend credit to farmers to plant their crops. At harvest time, the priests expected payment. However, because the priests also regulated the money supply, they made sure there was never enough money in circulation for all the farmers to repay their loans. This led to more credit being extended, which meant that, at the next harvest, the debt was even greater. Repeating the same game plan over a number of years inevitably led to the farmers becoming indentured servants to the priests, who produced nothing. The Babylonian civilization eventually collapsed when the productive elements of their society were reduced to little more than slaves.
This is where we’re at today. A number of the founders of our country were scholars who knew and understood history. They warned of just this scenario.
It’s been about 80 years since the last intentional collapse of our economy, which was called the Great Depression. It’s been long enough that many who would recognize the repeating pattern were gone, or almost gone. So, we have the pattern repeated... voila, the Great Recession. Thank god it’s not a depression. Man, we’d really be hurting.
Make no mistake, the bankers learned this, promoted it and carried it out. It’s an incredible scheme. Better than Ponzi, because you can keep it going much longer AND with the blessings of the government and the governed.
As for myself, I’m not willing to be a wage slave, but thanks for playing.
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