Secret and Lies of the Bailout

[Greg Burnham]

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).

Greg, I am trying to follow your POV. What would it look like for bank X to provide the means to pay off the loan. Isn't it up to me to provide the means? What am I missing? For example, I have taken out mortagages on houses. My job has been to pay them off -- period.

I have a friend who is a banker. He told me about his orchards and a lot of other stuff. How did you get it? "I lent him money." I just gasped.

Do the math, it's simple.

Where C = total currency in circulation
Where P = principle
Where I = interest

IF:

P = 100

I = 10

P + I = 110

AND

C (total currency in circulation) = 100

[Remember: C = P because all money in circulation © is created FROM the amount of PRINCIPLE (P) debt "owed" by the borrower]

THEN:

The amount owed (P + I) will ALWAYS equal MORE than the total amount of currency in circulation ©. Why? Because, for all intents and purposes, the only "source"
for the creation of money today is BANKS. They "create, conjure, fabricate" money "through debt" -- entirely. There is NO MONEY without debt in 2013. It is ALL a
form of debt. When you get a loan for $10,000 the merchant you purchased (your car, house, etc.) from receives--through immediate wire transfer between banks--this
"newly created" money that did NOT exist before the making of the loan.

That is what we call "money" in 2013. And the contract written to discharge the loan includes an interest payment at some percentage rate. No matter what the rate, if
the INTEREST money is not CREATED in the loan documents (remember, in 2013 that is the ONLY way "money" is created) then the "money" required to retire the loan
cannot exist.

This is straight line logic. It is simple math. If P + I > C THEN the "debt" can NEVER be satisfied. *

* If the total currency in circulation (principle created through loans) is less (and it must be, by definition) than the amount of principle owed PLUS interest, then it is inescapable:
The total amount of currency in circulation is less than the total amount of currency in circulation PLUS the "interest" that was never printed--yet owed.