On Thu, 24 Apr 2008 20:55:06 -0400, "Hybrid Angel/Messenger" <X> wrote:
>****tends
****tends this, you zionist fruitcake.
The real cost of the Iraq war is somewhere between 1-2 trillion dollars.
The money used to fund the war was created out of thin air by the Federal
Reserve. The Fed deposits electronic bits into the US treasury to pay for
the war. Prior to the BIG deposits, the money from the Fed never existed.
It is the loan which brings the money into existence. The Federal Reserve
is
lending the US government money that it not only doesn't have -- it does
not
have assets to cover the worth of the money. That money for the most part
is given to companies like Cheney's Halliburton. Only a very small
percentage is given to Americans in military salaries. The burden to pay
back the Federal Reserve loan is handed off to the American tax payers in
the form of the infamous 'national debt'. Thus moony is created out of
thin
air and the American's are immediately plunged into debt slavery. And the
Federal Reserve made itself rich by giving the vast majority of the money
to
defense contractors which is owns and to pay off cronies who facilitate
the
scam -- like the Congress.
Here's a simple and completely accurate description of what money really
is:
- The Problem -
This is an attempt to state it simply, because if you understand the
problem, then you're going to see the solution clearly as well. If it
doesn't make sense the first time you read it, try reading it again.
Eventually, the whole picture will sink in...
A quick history of money
1) Once, gold and silver were considered the only ''real'' money, but it
was
heavy and risky to carry around...
2) So people paid goldsmiths to store the money, and got paper receipts
for
it...
3) After a while, people used the receipts like money, and left the gold
in
the bank most of the time. So the bankers got clever and came up with a
scam...
4) The banks printed off receipts for more gold than they actually had,
and
''loaned'' those receipts out to charge interest on it. As long as
everyone
didn't redeem their receipts gold at the same time, this let them make a
lot
of money charging interest, because they could charge interest on MONEY
THEY
DIDN'T HAVE.
An analogy can be made using property and titles. Here's the scam in
another
way:
Step 1: Acquire a vacation home,
Step 2: Sell the title to the home to one person,
Step 3: Sell the title to the home to a DIFFERENT person,
Step 4: Hope they both don't show up on the same weekend!
Fractional reserve banking lets a bank say to a depositor that all his
money
is safe and sound at the bank, while at the same time they get to loan
most
of it out to someone else to charge interest on it. So there are two
people
with a legitimate claim to the same pile of money. So whose is it, really?
And where is it?
It gets stranger: When you receive your loan, if you deposit it into a
bank,
this bank can loan your loan money out again. This process can be repeated
indefinitely, and if you do the math you find that much more money is on
deposit in all the banks than existed in the first place. This begs the
question... where did all this extra money come from? It had to come from
somewhere, right? This would be true if all money were physical objects,
but
today money is a concept, an idea, a number. The answer is... it is
created
by the bank!
What does this mean?
1) Loaning money while claiming it is still on deposit increases the money
supply, essentially creating more money (otherwise deposits would vanish).
In essence, for the bank to have your cake and loan it too, it must create
more cake. This increase in money supply is the cause of inflation.
2) Almost every dollar that exists is owed to a bank somewhere, because at
some time in history, it was created when it was loaned out.
3) The amount of money owed to banks is more than all the money in
existence! So we cannot possibly get out of debt under this system. The
bulk
of this debt is in the form interest, which is an arbitrary amount of
money
banks demand in return, but never gave.
4) There is no money, in the real sense. Just checks, data stored on
computers, and promises. It is all created by typing on a keyboard, and
signing signatures. The only tangible assets in regard to money anymore is
the collateral we pledge when we ask for a loan. The money they loan you
comes from nowhere, but the assets you lose in foreclosure are real!
5) Because the US government borrows from the Federal Reserve, bankers
have
the power to influence our society and government by controlling finance.
They decide to create (or not create) money depending on who's asking, and
for what. They choose what projects get funded, and let other needs wither
on the vine by starving them of working capital. This subtle yet immense
power is more than enough to undermine democracy, and guide the course of
a
nation's history.
So what's the solution?
Simple. The public must demand that money must not be created by loaning
it
into existence. It must be something that is openly and publicly
controllable, issuable, accountable, and interest-free.
Otherwise, a class of parasites will rise to power in society by cleverly
disguising the fact that the money they are creating, spending, and buying
the world up with is...
Money that isn't even real.
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