Rabbi Samild Wrote:I blame George Bush, the economy (destroyed BY George Bush), and those muther fockers from Pakistan (probably) that just took a shit on Mumbai, India.
George Bush has virtually nothing to do with the collapse of the dollar. The fractional reserve banking system as utilisied by the FED, and which has spread to nearly every bank in the world through the IMF and world bank, is designed to fail. Download a pdf of Modern Money Mechanics and see for yourself.
Currently every economic problem is a direct result of a banking system which increases the money supply irrespective to goods and services. We're at the end of a near century long bubble. By 2015 the U.S. will no longer be able to afford the interest on the national debt, this is unavoidable if people dont start to catch on quickly to the scam. People use money every single day and never question for a second how it was made, where it came from, what gives it value.
Andrew Jackson shut down the national bank prior to the federal reserve because of bold attempts to control the government, but several years later the federal reserve act was drafted not by congressmen but by bankers in private on a small island, jekyll island, you can actually go to the hotel and theres a plaque on the meetingroom saying "Here is where the Federal Reserve was born".
The european banking dynasties such as the Rothschilds had figured out that keeping slaves was obsolete, you had to of course care for them, feed and cloth them, provide accomodation etc. So they decided to instead control the money supply and wages, therefor controlling the people but forcing them to feed and provide for themselves. This is economic slavery, and every single one of us was born into it. Our economy is based on debt, if there was no debt, there would be no money.
Heres how the scam works. The U.S. congress decides they need say, 10 billion for whatever. So they print out 10 billion in US government bonds, and give them to the FED, who in turn prints 10 billion dollars which they LEND to the US government AT INTEREST. This of course all just happens electronically, funds are transferred and thats that.
But a simple question arises from this. If all the money in our system is barrowed at interest, where does the money to pay the interest come from? It doesnt exist. We cannot ever be out of debt, it is impossible.
But heres where it gets hilarious and.. sad. Because in the fractional reserve system, they cant just create that 10 billion, you can do much more.
The fresh 10 billion is now sitting in a bank account and added to that banks reserves. According to modern money mechanics that bank can now loan 9 billion, keeping only 1 billion in its reserves, 10%. So that 9 billion is loaned to someone else, goes into their bank account, and that bank can loan 8.1 billion to someone else keeping 900m in reserve. This is inflation, and that original 10 billion now equals 90 billion.
But whats giving that new money value? The answer, the money that already exists. The fractional reserve system leeches buying power away from the money already in circulation. And it does this irrespective to a countries ability to provide goods and services. Its a mechanism designed to leech all wealth from the population and focus it in the hands of the banks.
So you the american people are now left paying back 10 billion at interest, with money worth less then before the loan was taken.
But you couldnt ever actually pay back all your debt anyway you see?
/rant
J
EDIT: Btw the reason the US has enjoyed such a long reign of prosperity under this system is a result of a few things. First, when the dollar was backed by a gold standard and created at no interest, it was worth about 1000x what it is now, a truly solid currency. Second, because the majority of multinational corporations in the world are US based, and because the US controls the world bank and IMF by being the largest provider of capital (which we make out of thin air), we have been able to coast along by aquiring other nations resources and wealth by getting these countries in debt to the world bank, and forcing them to allow our corporations to aquire their resources in payment of debts through "good governance" clauses.
End of the day if we cant bribe the officials into taking huge debt on behalf of the people, and we cant assassinate the leader, we just go in and blow the **** out of the country and make them hire our construction companies (halliburton) to rebuild the infrastructure of the country that we just destroyed, then we make them pay for that with their oil resources which our companies tap, see how this works? We've been living off the benefits of a global corporate empire. But within the monetary system we have, all wealth and power is ultimately centralised and moved away from the individual, it was only a matter of time. And americans look around and go wow our economy is ****ed. Well guys its been ****ed for like 80 years and no politician is going to fix or break anything, they cant do **** all.
If your interested check out these books:
The creature from jekyll island - G. Edward Griffon
Tragedy and Hope: A history of the world in our time - Prof. Caroll Quigley
Confessions of an Economic Hitman - John Perkins former chief economist of Chaz T. Main Inc
LAST EDIT: Because you mention mumbai I cant help but point out, twice as many people die of peanut allergies worldwide then die of terrorism per year. Leading cause of death in america is coronary heart disease which kills like 450,000/year, we spent 2 billion last year on research for that, and like 200 billion on the war on terror. Terrorism is a conveniant obscure enemy which we can fight forever and never win against, but corporate media, and all media is basically controlled by 4 corporations now, plasters terrorism everywhere to keep people distracted from whats actually going on.
A couple years ago Bayer had a massive production of a drug for hemopheliacs become infected with the aids virus. Instead of releasing it in the US, they actually got approval from the FDA to take that drug and distribute it in france, latin america, china. Essentially killing tens of thousands of innocent people. Simply to turn a disaster into a profit. Act of terrorism?
