Thread: Money = debt...and why it is designed to fail

US about to start talking about the Debt ceiling again with all the puppet politicians talking about cutting the deficit, reigning in debt, when all they will really do is again kick the can along the road.

All money is created by creating debt. Whether in the US where the private FED creates debt to create money, the UK where 91% + of money created is created as debt by private banks, the EU where they actually have nothing to fund the creation of the Euro other than simply creating debt out of thin air, one simple fact means that the debt will only ever increase.

They only create the debt, and never create the interest needed to service the debt. So where does this come from?

For example, you go to the bank and pop into your account 1000 USD. The bank then creates through fractional reserve system can then create off the back of that, depending upon which country, nine times ++ that amount and lend to other people.

1000 USD gets turned into 9000 usd in debt. However the people that pay that debt back pay 9000 plus interest, which if it was a mortgage would be something like 7000 USD over a 25 yr period. Where does this extra 7000 come from? It needs to be created as more debt because unless it is created it can never be paid back because it does not exist, and thus the vicious circles continues.

The banking system has set up a system to take all real value from the worlds population. They create money, and get back that amount plus interest which eventually ends up being houses, land, businesses, because there is not enough money in the world to pay that interest because it is never created.

Its a scam and your government is letting it happen. They know what is happening, they are complicit, and when you understand this you should understand the need to wake up.

Cutting back completely towards the massive foreign military adventures and bases on foreign soil would help....[even though it's a war-type economy]

Short term fix Jeff. Politicians would quickly spend the savings and borrow more. All part of a well established borrow and spend mentality.

Think a 13yr old canadian girl summed it up.

^^ That's very well explained, Pseudo. Have been trying to 'get it' by tuning in to the Keiser report on rt.com, which tackles this issue and the lies we are fed by government who appear to be owned, or at least in league with the bankster gangsters, and it is truly astounding. London appears to the HQ for this fraud being led by HSBC, RBS, Barclays and Lloyds.

We have muppets like Cameron boasting about our 'strong' economy here in the UK for re-election purposes and dishing out manipulated numbers to the public to back his assertions up.

When in fact the UK has a current debt level standing at 600% of GDP

Castles built on sand and it will all come tumbling down.

Personally, I couldn't give a toss, but I worry about what world there will be for the next generation

Originally Posted by pompeysbroke

When in fact the UK has a current debt level standing at 600% of GDP

Indeed. This is the debt we know about and does not factor in the colossal inflation created by all of this fake money being pumped out each minute of the day. It can never go down. Ever. As long as this system stands, it can Never be reduced as it is impossible. All the politicians do is shuffle the deck, slight of hand, manipulation of data because when you truly understands the basic facts of money creation you know that every time Cameron, Obomba, Hillary etc or any of these mouthpiece politicians mention debt you know they are lying and that they hiding the truth about the debt situation. The media as well.

Originally Posted by pompeysbroke

Personally, I couldn't give a toss

Indeed. The typical attitude of all the people in the world (especially on here) who laugh and call me a "tin foil hat" brigade or something like this. Well, if they have kids they are condemning them to this future. This system will fall and will go one of two ways; the people take it back for the good of all man kind, or we go to a global electronic currency controlled by the elite. These are the only two outcomes and if people think it is not their problem, they need to look their kids in the eye and justify to them why they are not getting involved in bringing this system to an end.

It will fall. We either bring it down peacefully ourselves, or we are subjected to a change in regime where we are all screwed and owned.

^ you got me wrong there...I mean I don't give a toss for myself, and went on to add that it is the next generation I worry for...namely my kids, ok?

It is in effect a pyramid scheme on a global level which will fail...How do you suggest it's brought down "peacefully" by ourselves?

^ bearing in mind that the fraud is being conducted by the worlds's bankster gangsters who own our governments

^ Ah mate I know where you are coming from so no worries there. I just quoted that most people do not make the link, like you do, between what we are ignoring today and future generations.

Ah, jolly good, pseudo

George Osborne, Chancellor (chancer) for the UK and in charge of this fraud.

He was filmed in Parliament having a big fuk off space out sesion sat there, after his chief advisor had bunged him some coke crystals to snort on....do check out episode 726 of the Keiser report on rt.com for confirmation...it's well hilarious.

Those Houses of Parliament have basket ball size nuggets rammed into the chimneys for communal snuffing through rolled up 50 pound notes that they get as commission for doing the banksters laundry ill gained from Mexican drug cartels

It's so funny in such a sad way'

So what can we do about it? Minnows like us, can put it out there on forums like td and hope for a miracle, I guess is all..the wall of corruption is set in concrete.

What can you expect when 70 Out Of 85 Lines In A House Committee Financial Regulation Bill Were Written By Citigroup.

70 Out Of 85 Lines In A House Committee Financial Regulation Bill Were Written By Citigroup | Business Insider

The New York Times got a look at some e-mails between Wall Street’s pack of lobbyists and some of D.C.’s most powerful legislators.
The short version of this story is that lobbyists are still doing what they do — influencing politics in favour of their clients — and politicians are still doing what they do — letting them.

Only, when the details are right before you, the sausage making process is pretty ugly, and the NYT’s report is full of them.

From the NYT:

One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup‘s, according to e-mails reviewed by The New York Times. The bill would exempt broad swathes of trades from new regulation.

In a sign of Wall Street’s resurgent influence in Washington, Citigroup’s recommendations were reflected in more than 70 lines of the House committee’s 85-line bill. Two crucial paragraphs, prepared by Citigroup in conjunction with other Wall Street banks, were copied nearly word for word. (Lawmakers changed two words to make them plural.)

Most of this story centres around the House Financial Committee, headed by Jeb Hensarling (R-TX). It’s become a target for lobbyists for obvious reasons, and freshman politicians use it as a platform for raising money.

And so the story goes.

What do you propose instead of using money, Pseudo?

Originally Posted by pompeysbroke

He was filmed in Parliament having a big fuk off space out sesion sat there

And his mate was just found out to be a crack cocaine user. Not forgetting the witnesses who caught him snorting coke in a brothel.

Originally Posted by Neverna

What do you propose instead of using money, Pseudo?

Money doesn't have to be debt - forget all the lies and fallacies that it does have to. The Country creates debt free money and only the country, NOT private banks who lend the money to the government which is the system in every country in the world apart from Syrian, Iran and North Korea (spot a trend there per chance?)

Theres a video of Ben Benanke (needs water boarding that dooche does) admitting that currency does not need to be created by the Private Federal Reserve!

^
Oh well that's it all sorted then, for a minute I was not sure you had a plan.

Here's what everyone can do, withdraw your salary in full the day you get paid and pay for everything in cash, as in direct debits, why leave money in your bank current accounts for them to use however they like and they don't even pay you any interest on it anyway.

NO direct debits that should read, won't let me edit.

^
So no practical suggestions then!

So....where do the Chinese and Indians figure in all this manufactured mess?
The two [clearly] fastest growing economies in contemporary times.
Present and future.

For the life of me, I can't see how a culture/economy [USA] that has long exceeded it's fantasy bank can be seen as an acceptable stabling force on the world any longer. Conditioning beckons to find the American economy as some sort of standard to be looked up to - hasn't been that for quite a time now.

Worldwide economies are based on very false wealth.
Some play the game better than others.

Originally Posted by Iceman123

So no practical suggestions then!

Practical suggestion? I already told you. The government creates all money. If banks want money THEY borrow it from the government and pay it back with interest. This whole phony banking system has you brainwashed thinking that it is the only way to do it. If banks can create debt ridden money that can never be repaid, are you seriously thinking that governments can not? Bank of England, with all the goldman sachs / JP morgan execs removed (and imprisoned) creates a separate entity that loans money created by the treasury. All existing debts to the private banks canceled with their owners being imprisoned and their assets removed . Wipe off the hyper inflated currency all of the fake money they created straight away. The false bullshit that the bankers say about government creating money being bad is that they would print themselves into the ground like Zimbabwe, but they forget that this is exactly what the private banks are doing but with the difference being that they charge interest on it (which has never been created so can not be paid off). You would have to be incredibly stupid to think that that is the only solution. Are you?

^
I must incredibly stupid, forgive me for not supporting your new financial order - whatever it is. However, I have built up a really substantial amount of the old money, therefore call me old fashioned but I am not really motivated to hand it all back and start again.

Originally Posted by Iceman123

^
I must incredibly stupid, forgive me for not supporting your new financial order - whatever it is. However, I have built up a really substantial amount of the old money, therefore call me old fashioned but I am not really motivated to hand it all back and start again.

Why would you have to "hand it back"? Why? Nothing would change other than who creates the money. Your pounds or dollars would still be the same and would also buy you more due to capping inflation. Every time these banks create money, the value of your hoard is reduced. On the flip side when this all collapses, your paper money will be worthless anyway.

Swallowing your short term selfishness for a longer term vision of fairness might be a good place to start.

^
Ok - pass me a glass, or do I drink the kool-aid straight from the bottle?

Originally Posted by Iceman123

^
Ok - pass me a glass, or do I drink the kool-aid straight from the bottle?

Why? So to be clear you think the current system is good? You think that private banks creating money but never the amount of interest to pay off the debt is good? You think that the countries debt can ever be repaid? If so, how?

$223.3 trillion: The total indebtedness of the world, including all parts of the public and private sectors, amounting to 313% of global gross domestic product.

Number of the Week: Total World Debt Load at 313% of GDP - Real Time Economics - WSJ

The whole world is in debt basically to private bankers. Try and argue against that with facts other than the typical ad hominem statements. The only kool aid drinking being done here is by people supping at the mainstream media font of disinformation.

Here's the thing, you know what I have written is true, but as it upsets you to the core that the whole system is a fraudulent ponzi scheme that you have bought into all your life, you prefer to dismiss it and accept the lie fed to you by the bankers.

Originally Posted by pseudolus

Every time these banks create money, the value of your hoard is reduced.

Surely that's the same for whichever bank prints new money, including a central bank.