05-01-2013, 10:58 PM
(This post was last modified: 06-01-2013, 12:52 AM by Greg Burnham.)
The reason that the "debt" can NEVER be repaid--I repeat--can NEVER be repaid is because the money (actual cash/currency) to pay the interest was not and never will be PRINTED
(aka: created).
This is one of the biggest secrets that exists right under everyone's noses.
When you take out a loan the bank literally "conjures into existence" the PRINCIPLE of the "loan" you are receiving. That amount is then transferred into the bank account of the person
or business from whom you are purchasing the product, i.e., the car, house, etc. -- The bank creates the money based on the credibility (credit) of your promise to repay (labor). If you
have a high enough credit score it's a good bet. But, even if you repay the principle--how can you possibly pay the non-existent interest? Well, it can only come out of PRINCIPLE--someone
else's--or out of your own "principle" through repossession or foreclosure.
As an example, if I borrow $40,000 to buy a car, and the bank charges 10% interest for a one year loan, at the end of one year I owe $44,000 total. However, when you look at my loan,
note that the ONLY money that was "created" by the bank was the amount equal to the PRINCIPLE ($40,000). In other words: NO INTEREST was physically "created" -- yet the conditions
of the loan require me to repay not only the PRINCIPLE ($40,000 which amount the bank did, in fact, create) but also the amount of INTEREST charged for the "loan" ($4,000) which the
bank did NOT "create" -- resulting in a debt that is quite literally IMPOSSIBLE to repay IN FULL from the existing amount of currency in circulation. Any individual loans that do get repaid in
full (principle AND interest) occur at the forced expense of another's principle, as that is the ONLY "source" available to PAY the interest.
Most people have a very difficult time with this concept, yet I can assure you it is true.
Moreover, the reason that nearly everyone feels as if "there's not enough to go around" is because there literally is NOT enough (created currency) to go around! Now, the distinction is this:
There are plenty of goods and services to go around for all, but there is not enough currency to account for BOTH principle AND interest to go around...by design.
The only means for a bank to obtain real value (principle, i.e., cars, real estate, etc.) is to intentionally neglect to provide the means necessary to satisfy a loan in full (principle PLUS interest).
When a percentage of loans inevitably default the bank acquires the "value" inherent in the collateral for the loan (principle). It is a form of usury...an insidious form.
Have no illusions: Collapse of the economy happens DAILY for someone (many) and through no fault of their own.
The economy has already collapsed...albeit in a controlled manner--and for profit.
.
(aka: created).
This is one of the biggest secrets that exists right under everyone's noses.
When you take out a loan the bank literally "conjures into existence" the PRINCIPLE of the "loan" you are receiving. That amount is then transferred into the bank account of the person
or business from whom you are purchasing the product, i.e., the car, house, etc. -- The bank creates the money based on the credibility (credit) of your promise to repay (labor). If you
have a high enough credit score it's a good bet. But, even if you repay the principle--how can you possibly pay the non-existent interest? Well, it can only come out of PRINCIPLE--someone
else's--or out of your own "principle" through repossession or foreclosure.
As an example, if I borrow $40,000 to buy a car, and the bank charges 10% interest for a one year loan, at the end of one year I owe $44,000 total. However, when you look at my loan,
note that the ONLY money that was "created" by the bank was the amount equal to the PRINCIPLE ($40,000). In other words: NO INTEREST was physically "created" -- yet the conditions
of the loan require me to repay not only the PRINCIPLE ($40,000 which amount the bank did, in fact, create) but also the amount of INTEREST charged for the "loan" ($4,000) which the
bank did NOT "create" -- resulting in a debt that is quite literally IMPOSSIBLE to repay IN FULL from the existing amount of currency in circulation. Any individual loans that do get repaid in
full (principle AND interest) occur at the forced expense of another's principle, as that is the ONLY "source" available to PAY the interest.
Most people have a very difficult time with this concept, yet I can assure you it is true.
Moreover, the reason that nearly everyone feels as if "there's not enough to go around" is because there literally is NOT enough (created currency) to go around! Now, the distinction is this:
There are plenty of goods and services to go around for all, but there is not enough currency to account for BOTH principle AND interest to go around...by design.
The only means for a bank to obtain real value (principle, i.e., cars, real estate, etc.) is to intentionally neglect to provide the means necessary to satisfy a loan in full (principle PLUS interest).
When a percentage of loans inevitably default the bank acquires the "value" inherent in the collateral for the loan (principle). It is a form of usury...an insidious form.
Have no illusions: Collapse of the economy happens DAILY for someone (many) and through no fault of their own.
The economy has already collapsed...albeit in a controlled manner--and for profit.
.
GO_SECURE
monk
"It is difficult to abolish prejudice in those bereft of ideas. The more hatred is superficial, the more it runs deep."
James Hepburn -- Farewell America (1968)
monk
"It is difficult to abolish prejudice in those bereft of ideas. The more hatred is superficial, the more it runs deep."
James Hepburn -- Farewell America (1968)