Just to explain the meme for anyone here who doesn’t know yet…

Every time a loan is taken out, new money is created.

The banks create the principle of the loan, but not the interest to pay it.

For every FRN$1 (the “Dollar” is defined as a number of grains of silver. The thing we call a dollar is a “Federal Reserve Note” - read “Creature from Jekyll Island”) that is deposited into a bank, which they consider a “liability” and not an “asset” (debts are assets to banks - and the “depositor” is not a “depositor”, but a “lender”), the banks loan FRN$10 - that’s FRN$9 that they don’t have, that they’re legally allowed to loan anyway.

As the principle payments slowly destroy the debt, the interest payments that weren’t created are pushed into the economy, creating inflation. As these accrue, sooner or later someone who didn’t raise his prices quickly enough, or who raised them too quickly, or who didn’t grow his business quickly enough, or whose customer base became concurrently unable to pay their debts, that business owner will slowly begin going broke, often through no real fault of his own.

As interest payments continue to erode the ability of the business owner to do business, he will eventually be forced to sell out to someone who had connections with the banks, and was able to receive favorable loans on favorable terms, or subsidies through favorable grants. People have tried to create regulations to combat this, but it’s a losing game. Try managing water runoff, or patching threadbare clothing. You will always lose eventually.

When this eventual loss happens, a chair is removed, and the game continues.

Eventually enough people lose that a major distraction event is needed so that the system can be reset, because no matter what the interest rate is, the nature of exponents only allows the system to run for slightly over 50 years, and as the people running the system want to restart it, they want the victims to not notice the rigged game.

Everyone’s dead now, folks. Step right up and sign on the dotted line! Free money and pleasures await you all! Follow your dreams!

Just to explain the meme for anyone here who doesn’t know yet…

Every time a loan is taken out, new money is created.

The banks create the principle of the loan, but not the interest to pay it.

For every FRN$1 that is deposited into a bank, which they consider a “liability” and not an “asset” (debts are assets to banks - and the “depositor” is not a “depositor”, but a “lender”), the banks loan FRN$10 - that’s FRN$9 that they don’t have, that they’re legally allowed to loan anyway.

As the principle payments slowly destroy the debt, the interest payments that weren’t created are pushed into the economy, creating inflation. As these accrue, sooner or later someone who didn’t raise his prices quickly enough, or who raised them too quickly, or who didn’t grow his business quickly enough, or whose customer base became concurrently unable to pay their debts, that business owner will slowly begin going broke, often through no real fault of his own.

As interest payments continue to erode the ability of the business owner to do business, he will eventually be forced to sell out to someone who had connections with the banks, and was able to receive favorable loans on favorable terms, or subsidies through favorable grants. People have tried to create regulations to combat this, but it’s a losing game. Try managing water runoff, or patching threadbare clothing. You will always lose eventually.

When this eventual loss happens, a chair is removed, and the game continues.

Eventually enough people lose that a major distraction event is needed so that the system can be reset, because no matter what the interest rate is, the nature of exponents only allows the system to run for slightly over 50 years, and as the people running the system want to restart it, they want the victims to not notice the rigged game.

Everyone’s dead now, folks. Step right up and sign on the dotted line! Free money and pleasures await you all! Follow your dreams!

Just to explain the meme for anyone here who doesn’t know yet…

Every time a loan is taken out, new money is created.

The banks create the principle of the loan, but not the interest to pay it.

For every FRN$1 that is deposited into a bank, which they consider a “liability” and not an “asset” (debts are assets to banks - and the “depositor” is not a “depositor”, but a “lender”), the banks loan FRN$10 - that’s FRN$9 that they don’t have, that they’re legally allowed to loan anyway.

As the principle payments slowly destroy the debt, the interest payments that weren’t created are pushed into the economy, creating inflation. As these accrue, sooner or later someone who didn’t raise his prices quickly enough, or who raised them too quickly, or who didn’t grow his business quickly enough, or whose customer base became concurrently unable to pay their debts, that business owner will slowly begin going broke, often through no real fault of his own.

As interest payments continue to erode the ability of the business owner to do business, he will eventually be forced to sell out to someone who had connections with the banks, and was able to receive favorable loans on favorable terms, or subsidies through favorable grants. People have tried to create regulations to combat this, but it’s a losing game. Try managing water runoff, or patching threadbare clothing. You will always lose eventually.

When this eventual loss happens, a chair is removed, and the game continues.

Eventually enough people lose that a major distraction event is needed so that the system can be reset, because no after what the interest rate is, the nature of exponents only allows the system to run for slightly over 50 years, and as the people running the system want to restart it, they want the victims to not notice the rigged game.

Everyone’s dead now, folks. Step right up and sign on the dotted line! Free money and pleasures await you all! Follow your dreams!