5 points onreddit
By Richard Clark (about the author)
Become a Fan (96 fans) -- Page 1 of 1 page(s)Or are we already enslaved by them?
First, check out this rare admission from a dying dinosaur media outlet that we are alreadyunder the global governance of corrupt elite bankers. CNBC admits, "We are absolutely slaves to central banks."
Video clip
Secondly, you need to better understand how our money is created, out of thin air, from nothing, by our central bankers. And then it is loaned to us and our governments, at interest. Next, we all work our tails off so that we can pay the huge amounts of interest on these millions of loans, including the largest among them, which are made to "our' government. These gargantuan loans to our government require interest payments from all of us, which are collected from us by the IRS so that they can then provide lavish incomes and life styles for the banksters who are behind this entire diabolical scheme, which, in essence, is a clever form of organized thievery.
A lot of people assume that the federal government creates our money. But that is not the case. If the federal government could just print up, and then spend, that newly created money, on projects it considered worthy (infrastructure, education and the like), and do this whenever it wanted to, our national debt would be zero, and the amount of interest we would have to pay would also be zero. But instead, our national debt is now nearly $16 trillion (a stack of hundred dollar bills 10,000 miles high), and we taxpayers are paying a huge amount of interest on that 16 trillion every year. In fact, these payments comprise the third largest item in the federal budget.
So why does our government (or any sovereign government for that matter) have to borrowmoney from anybody? Why doesn't it just create the money itself, as was done when Abraham Lincoln was president, and again, briefly, when John F. Kennedy was president? That turns out to be a very interesting question, especially in view of the fact that both Kennedy and Lincoln were shot in the head and killed.
This point needs to be driven home: the U.S. government does not really have to borrow a single penny from anyone. However, under its domination by the U.S. Federal Reserve Bank (a purposely misleading name, since the bank isprivately owned, by bankers who don't want the public to catch on to gigantic scam they have been running for the past 90 years), the U.S. government has purposely allowed itself to be subjugated to a financial extraction arrangement in which it must constantly borrow ever larger amounts of money from the banksters who own America's central bank, i.e. the U.S. Federal Reserve. In fact, this is how it works in the vast majority of the countries on the planet at the present time. (Bankers worldwide are smart, scheming, rich and politically powerful.)
So why are things organized in this way?! It's simply because banksters are by this means able to extract billions of dollars annually from the rest of us. Problem is, this system they've set up, that allows them to do this, is not sustainable, and the structural problems caused by such an absurd arrangement are at the very heart of all our economic and financial problems today. But the banksters really don't care about that, as long as this system, this arrangement, continues to provide them with great wealth, much political power, and a very,very privileged lifestyle. When our economy finally crashes, under the strain of this massive, organized thievery, they will have accumulated so much wealth from us (as well as the political power that some of this money buys), that they will weather the subsequent financial storm just fine, and will, in very short order, be back on top of whatever political-economic system emerges from the chaos of the mammoth recession/depression that's coming.
So, with that said as background, back for a review of the question of where money comes from. In the United States, as stated at the outset, it comes from the Federal Reserve Bank, which creates it out of thin air. When the U.S. government decides that it needs to spend another billion dollars that it does not yet have, it simply prints up a bunch of U.S. Treasury bonds and essentially takes them over to the banksters at the Federal Reserve and sells them.
To pay for these bonds that it buys from the Treasury Department, the privately owned Federal Reserve creates a billion dollars on its computers, out of thin air, from nothing, and electronically credits the account of the government (specifically, the U.S. Treasury Department), thereby exchanging this newly created (from nothing) billion dollars for the billion dollars-worth of U.S. Treasury bonds that it has just printed up. Cost of printing up such bonds: perhaps 25 cents. But for that 25-cent investment, the U.S. government is now a billion dollars richer, and the banksters at the Fed have an additional billion dollars-worth of bonds through which they can begin to extract large amounts of interest payments from the rest of us. Where exactly does the money come from that is used to pay this interest, which ultimately ends up in the pockets of the banksters? Ultimately it comes from taxpayers like you and me, who must work to earn it! It is collected from us by the IRS and is then paid to the banksters, as interest payments on the bonds they (the banksters) purchased from the government.
Slick racket, huh? The only problem with it is that it is gradually impoverishing ever larger numbers of the rest of us. And as the amount of new money printing accelerates, and the buying power of our dollars falls accordingly (from the inflationary effects of our economy being swamped by all this new money), that number of poverty-stricken Americans is going to begin to grow exponentially.
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Become a Fan (96 fans) -- Page 1 of 1 page(s)First, check out this rare admission from a dying dinosaur media outlet that we are alreadyunder the global governance of corrupt elite bankers. CNBC admits, "We are absolutely slaves to central banks."
Secondly, you need to better understand how our money is created, out of thin air, from nothing, by our central bankers. And then it is loaned to us and our governments, at interest. Next, we all work our tails off so that we can pay the huge amounts of interest on these millions of loans, including the largest among them, which are made to "our' government. These gargantuan loans to our government require interest payments from all of us, which are collected from us by the IRS so that they can then provide lavish incomes and life styles for the banksters who are behind this entire diabolical scheme, which, in essence, is a clever form of organized thievery.
A lot of people assume that the federal government creates our money. But that is not the case. If the federal government could just print up, and then spend, that newly created money, on projects it considered worthy (infrastructure, education and the like), and do this whenever it wanted to, our national debt would be zero, and the amount of interest we would have to pay would also be zero. But instead, our national debt is now nearly $16 trillion (a stack of hundred dollar bills 10,000 miles high), and we taxpayers are paying a huge amount of interest on that 16 trillion every year. In fact, these payments comprise the third largest item in the federal budget.
So why does our government (or any sovereign government for that matter) have to borrowmoney from anybody? Why doesn't it just create the money itself, as was done when Abraham Lincoln was president, and again, briefly, when John F. Kennedy was president? That turns out to be a very interesting question, especially in view of the fact that both Kennedy and Lincoln were shot in the head and killed.
This point needs to be driven home: the U.S. government does not really have to borrow a single penny from anyone. However, under its domination by the U.S. Federal Reserve Bank (a purposely misleading name, since the bank isprivately owned, by bankers who don't want the public to catch on to gigantic scam they have been running for the past 90 years), the U.S. government has purposely allowed itself to be subjugated to a financial extraction arrangement in which it must constantly borrow ever larger amounts of money from the banksters who own America's central bank, i.e. the U.S. Federal Reserve. In fact, this is how it works in the vast majority of the countries on the planet at the present time. (Bankers worldwide are smart, scheming, rich and politically powerful.)
So why are things organized in this way?! It's simply because banksters are by this means able to extract billions of dollars annually from the rest of us. Problem is, this system they've set up, that allows them to do this, is not sustainable, and the structural problems caused by such an absurd arrangement are at the very heart of all our economic and financial problems today. But the banksters really don't care about that, as long as this system, this arrangement, continues to provide them with great wealth, much political power, and a very,very privileged lifestyle. When our economy finally crashes, under the strain of this massive, organized thievery, they will have accumulated so much wealth from us (as well as the political power that some of this money buys), that they will weather the subsequent financial storm just fine, and will, in very short order, be back on top of whatever political-economic system emerges from the chaos of the mammoth recession/depression that's coming.
So, with that said as background, back for a review of the question of where money comes from. In the United States, as stated at the outset, it comes from the Federal Reserve Bank, which creates it out of thin air. When the U.S. government decides that it needs to spend another billion dollars that it does not yet have, it simply prints up a bunch of U.S. Treasury bonds and essentially takes them over to the banksters at the Federal Reserve and sells them.
To pay for these bonds that it buys from the Treasury Department, the privately owned Federal Reserve creates a billion dollars on its computers, out of thin air, from nothing, and electronically credits the account of the government (specifically, the U.S. Treasury Department), thereby exchanging this newly created (from nothing) billion dollars for the billion dollars-worth of U.S. Treasury bonds that it has just printed up. Cost of printing up such bonds: perhaps 25 cents. But for that 25-cent investment, the U.S. government is now a billion dollars richer, and the banksters at the Fed have an additional billion dollars-worth of bonds through which they can begin to extract large amounts of interest payments from the rest of us. Where exactly does the money come from that is used to pay this interest, which ultimately ends up in the pockets of the banksters? Ultimately it comes from taxpayers like you and me, who must work to earn it! It is collected from us by the IRS and is then paid to the banksters, as interest payments on the bonds they (the banksters) purchased from the government.
Slick racket, huh? The only problem with it is that it is gradually impoverishing ever larger numbers of the rest of us. And as the amount of new money printing accelerates, and the buying power of our dollars falls accordingly (from the inflationary effects of our economy being swamped by all this new money), that number of poverty-stricken Americans is going to begin to grow exponentially.
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