That's not at all the point. The point is that the money is fake- it's just paper and 1s and 0s based on nothing and created on demand with every credit transaction. And the debt is fake too- the debt is to banks simply for their creation of the money.
When you buy a house (let's call it $200k for example), you get a loan the bank pays the seller $200k. In return, the bank gets the deed to your house, the seller gets the sale price of the house minus fees, and you get to live in your house, providing you pay 30 years for the house plus interest.
The problem is where the bank's money comes from. They give a loan BASED on their reserves, it does not come directly from their reserves. The reserve requirement is generally 10%, it has dipped a low as zero in the past few years with all the "relief" bills passed by Congress. What we are told this means at 10% is that if the bank "holds" $10B in "assets", they can "loan" $90B based on that $10B. What it really means is that if they "hold" $10B, they can CREATE $90B that doesn't exist. And when they create the money on the spot, you still have to pay it back with real earned wages.
Back to the house- the $200k didn't come from the pooled money of depositors. It was created as a liability on your behalf, created on the spot and paid to the seller. It was not drawn from any account, a fake new number was added to the bank's accounts receivables that is then filled up with real money from your real wages. This is why it is called "Loan Origination". They actually create the money.
But it comes from nothing, they invest nothing, and they exchange nothing for real assets. It's like we have exchanged our birthright of this planet and its riches for a bowl of soup- like how Jacob tricked Esau.
All foreign aid that found its way back into the pockets of politicians or their family members should be clawed back and the recipients should face capital punishment.
Not sure why some of these archived links put me in an endless "I'm not a robot" loop.
Ty
Debt is fake. Created by Central Banks for the right to print money given them by Congress.
I mean... you did spend the money on real things...its just been put on the backs of your children and grandchildren.
That's not at all the point. The point is that the money is fake- it's just paper and 1s and 0s based on nothing and created on demand with every credit transaction. And the debt is fake too- the debt is to banks simply for their creation of the money.
When you buy a house (let's call it $200k for example), you get a loan the bank pays the seller $200k. In return, the bank gets the deed to your house, the seller gets the sale price of the house minus fees, and you get to live in your house, providing you pay 30 years for the house plus interest.
The problem is where the bank's money comes from. They give a loan BASED on their reserves, it does not come directly from their reserves. The reserve requirement is generally 10%, it has dipped a low as zero in the past few years with all the "relief" bills passed by Congress. What we are told this means at 10% is that if the bank "holds" $10B in "assets", they can "loan" $90B based on that $10B. What it really means is that if they "hold" $10B, they can CREATE $90B that doesn't exist. And when they create the money on the spot, you still have to pay it back with real earned wages.
Back to the house- the $200k didn't come from the pooled money of depositors. It was created as a liability on your behalf, created on the spot and paid to the seller. It was not drawn from any account, a fake new number was added to the bank's accounts receivables that is then filled up with real money from your real wages. This is why it is called "Loan Origination". They actually create the money.
But it comes from nothing, they invest nothing, and they exchange nothing for real assets. It's like we have exchanged our birthright of this planet and its riches for a bowl of soup- like how Jacob tricked Esau.
All foreign aid that found its way back into the pockets of politicians or their family members should be clawed back and the recipients should face capital punishment.
The interest on the debt held by the FED comes right back to the treasury minus a small fee. One reason why they are so free spending.
They just create money to service debt which is inflationary.