Can someone explain how 93% of earths wealth is actually debt? Who the hell do we owe?
(media.greatawakening.win)
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Central Bankers. Basically this economy is a ponzi scheme.
Central banks create currency backed by nothing out of thin air and charge interest. Countries tax their people to pay the interest but its not enough. So they need more money to be printed by the central banks to pay back the old interest and new stuff. Each cycle the money printed keeps increasing, hence reducing the value of people's savings, while at the same time more and more of this goes to just paying off the debt, incurring new debt.
The central banks pull the rug anytime, and sieze whatever assets they want.
And we tolerate this?
Thank you. I have been saying this for years. I am glad people think like me.
I spent a lot of my high-school and university days trying to figure out where "wealth" is created. None of the standard answers seemed adequate to me - labour, innovation, exploiting natural resources. It occured to me much later that no matter what you create - a smart phone, or a musical or a house you build - none of these have any intrinsic value until someone spends some money to buy them.
The wealth is not created by making something, but by someone buying them (assigning a value). This value is assigned by spending money, and who creates the money? Central bankers. So wealth is actually created by central bankers printing money.
This is how I learnt wealth is an illusion, just like money. Once you realise this, its not a far jump to make to realise the entire economy is a ponzi scheme. Yet I find it so hard to explain it to people, because they keep focusing on the things people create.
Happy to see many people who have awoken here!
People who don't like their names in the public arena. We know them as the Cabal.
This. If people think the Forbes list of the world’s wealthiest people is accurate, well then I have a bridge to sell them
I’ve got lunar beachfront property on the Sea of Tranquility to sell them next.
Used to owe! Bank of England! Rothschild-Rockefelers IRS Trump is the wealthiest and most powerful person on earth!
Everyone owes everyone else, but the world is largely broke. Anything measured in dollars or any currency that trades heavily in dollars (including BTC) is impacted.
BTC is not high right now. It's nominal. The USD has crashed (along with pretty much any other currency), people just don't realize it yet.
We are going to see massive debt collapses. People are going to lose their retirements. Social security will be "solvent" for political optics but the value of the payout will be meaningless (because QE is the man behind the curtain for all US policy since 2008).
Biden is going to pass his $15 minimum wage, and the GOP will clamor that it's going to tank the economy and the Dems will clamor that they are liberating workers, but the end result will be a $15 minimum wage with a dollar that is worth less than half of what it's worth today and de facto economic warfare on red states by blue states.
The banks will be bailed out because "liquidity" but in return they will be effectively nationalized (they already are, but only for the worse).
The end result (the real goal) is forcing the collapse of the Chinese economy. Of course their economy has already collapsed, but they have way more tools than the US does when it comes to fiscal policy. By forcing a globally visible collapse, the Powers That Be can step in and put China fully under heel.
So what should we do?
There’s a saying, “Expect the best, prepare for the worst.” What’s the worst that could happen? War, civil unrest, economic crash, foreclosures on debts, large scale unemployment.
The ideal way to be prepared would include being debt free, being fully prepared to live on very little, having some useful skills that can get you a job when times are hard, and general prepping.
Some people I know are blackpilled, others are embracing Big Brother. I moved a bit out of the way of things and bought some land.
Whatever you do, become politically active. Start at your lowest level (town board/school board), learn the process, meet people, and work your way up.
Person A creates money out of thin air then lends it to person B. Person B buys a mansion and rents it to someone for a profit. So on and so forth. When they count person B's wealth they include that mansion but not the debt. Its all funny money. They either make it up out of thin air or they get/take it from us then wield it like a weapon to do whatever they like.
They create systems so complex that you need college degrees to even go near them when the truth is that same job could be done in much simpler ways. The complexity is to obscure their rigging of the system. I would need 10 paragraphs(maybe pages) to explain it if I understood the details which I don't.
Wall street.
Tax Codes.
International laws.
Banking laws.
All overly complex on purpose. Why? Lawyers run it all. Ever notice most politicians are lawyers? Get it?
Lawyers are in on it. Although I do believe we need Lawyers in order to properly execute Justice, as most normal folk don't understand all the in's and out's of the Justice System. I do think a Lawyer is needed to plea their case and/or prosecute them.
HAHA! You fell for it. Think about what you just said for a moment. "most normal folk don't understand all the in's and out's of the Justice System" THEY created that complicated system so that only THEY could properly use it. It doesn't actually need to be that complicated. Its pure job security for THEM. FOR LAWYERS.
Sure there is a need for lawyers but a whole other kind of lawyer who functions in a whole other kind of simplified system. That would also mean we need 1/10th as MANY lawyers. The courts would work faster and be fair etc. But see that means they can't charge us lots of money. They can't use the system to beat down the little guy.
You want to see a perfect example of the joke our legal system has become just study our patent system. Its supposed to be about creativity and good ideas, but when you are poor and have a good idea then the entire system is rigged so they can steal the idea from you. They get rich and you get screwed. It would take me hours to explain the details but trust me its a joke.
You can get a patent without a lot of money but it requires you to put in 150% effort and on top of that get lucky plus you have to have a GREAT idea. All other roads lead to some lawyer taking your money while you end up owning a worthless patent no one wants. Its a scam. A joke. A rich mans world.
One last thing... when lawyers break their own rules who punishes them? Other lawyers. When regular people break the rules who punishes them? Lawyers. (DAs AGs etc) I've seen first hand how lawyers break their own rules and you complain to the bar... nothing happens. But if I break a rule they come down on me like a ton of bricks. Its all rigged.
Just look at Kevin Clinesmith. He INTENTIONALLY WITH MALICE doctored a document and violated a mans constitutional rights. Helped spy a freaking POTUS. Probation? He got freaking probation. You think if I doctored a document in a state court I'd get off with probation? If I got caught red handed like him? NO FREAKING WAY. I'd be charge with a felony and end up doing 2-3 years in prison. Maybe 10. He gets probation. Its all BS.
I agree they created it to be complicated. And until we can "dumb it down" or make it less complicated, I do think we need Lawyers. I would love to be able to handle a Traffic Ticket the day I get it, instead of it being a 3-Month Process.
Usury
You don’t see this word often - the heart of the matter. The truth.
Let me introduce you to the American dream bitchute line . It's what happens when money is made up and the rules don't matter. Short explaination: print $100. Lend $100 with interest of $1. Only $100 exist. Debt is $101 to pay back. Borrow more money to pay debt. That original $100 is now equal to $8. But you still owe the value of $101
Lol - my husband's ex-wife used to operate like that!
We owe no one cause it’s all fake. They brainwash us all into thinking we want their pieces of plastic over & over but in reality we need none of it. Most people can’t even afford to die- you still owe money! think about it. If anything this pandemic did was to show how we can live with less & how time with family/friends is important. Let’s get Back to basics & NWO will fold into itself.
Simple... You want to borrow money from me. I say ok, Plus interest. You say Ok.. So, I print up some money on my printer and give it to you. You spend it and work to pay me back. Plus interest. Simple...
Don't pay it, I'll take your collateral. Must be good to be a Rothschild.
Not anymore
That just means we owe a full year of income. Like how you owe $60k in debt outside your mortgage...
source: https://www.axios.com/world-total-debt-load-91ab8c0a-db67-40cb-940e-a36ac58b629f.html
That was 2019.
So, in essence, the world has gone China. or worse, yet, some countries are closer to 400% and 500%.
Dutch economy used to be 850 billion. debt: around 350 billion. It will be 450 and the economy will have tanked with 100 -150 billion.
So, in essence, where the ratio in 2019 was 350/850 = 35/85 = 7/17; 43%, it will probably come down by early 2021 around 450/750 = 45/70 = 9/16; 54%
Meaning, to meet this 318% with a negative growth world economy, some countries are looking into the black abyss.
However, that does not even account for the debt of local governments, provincial governments, state govs, county govs, city govs.
Simply put: the idiots in charge have mortgaged the future to pay for all the niceties for which antifa destroys small businesses.
Add a pandemic, stimulus checks, unemployement checks, foodstamps, childcare support, housing assistance, deductibles, and frankly: bankruptcies that impact .gov tax income.
Cosmo G Spacely
Oddly enough, ourselves.
There is such vast information available but should we really spend endless hours explaining most of it to people? The estimated global wealth is only what is recorded or can be tracked which is more likely a small fraction of the actual wealth. These old families have been planning things for generations, going back hundreds of years and possibly even further back if you count any potential secret groups hidden from history we can access. There is certainly a lot of history that is not documented, that has no records or proof but passed throughout families and cabals via spoken language to be remembered.
If someone wants to dive into that deep dark hole, they could look into a few things to start with. Prion disease, Rh negative blood, cannibalism, oral blood transfer, adrenochrome, just to name a few. Knowledge is power but knowledge is best retained first hand rather than told.
It's been awhile since I've read Revelations but doesn't it imply that the whole world will turn against Israel at some point?
Makes sense!
My pea brain cannot get past this one question.
The Rothschild owned banks control most of the world. Wouldn’t they lose all of their power if the governments of the world just seized all their assets?
They could do so in the name of national security and to provide for the goodwill of humanity.
They cannot impose their will, control the masses, or start new wars if they no longer have any power. The US military is by far the most powerful on earth. There is nothing they can do to stop us if they are penniless.
Can’t say I disagree with you one bit. It took me almost 6 months to convince a lot of my friends/family that the Epstein blackmail scheme was just one of many Israeli blackmail schemes.
I have listened to Ryan Dawson for a long time. He just got smurfed from YT yesterday. He hates Q and gets some things wrong, but he does provide a lot of sauce to his research on Israel, Epstein, 9/11, etc. His main focus is on that stuff and he keeps it clinical. He drops truths w/o getting into the crazy conspiracy theories that discredit the truth. I don’t agree with everything he says, but I value many of his opinions.
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Time to declare Jubilee Year!!!