Originally posted by memoir
Can the way we live really exist without all of this imaginary money? It's hard not to believe that we've achieved so many technical and medical
advances though the use of borrowed debt... so if that stops... see where I'm going? Can we not only expect a decrease in advances but also a
decrease in support of the existing supply?
This nation existed with continuous advancement in arts, sciences & production without
a debt-based system for the first 149 years & we can do
so again. During that time in history, our efforts, labor & imagination actually held value
for ourselves & we truly owned
earned, rather than merely "holding all of that stuff with permission" from those people who do hold the ownership titles
for all we have.
Originally posted by memoir
It's through the current banking system that I live my current life of luxury. Without my money as debt, I wouldn't own a new house, a new car, the
computer on which I type this mental vomit. I probably wouldn't be able to buy the gas that got me to this job so that I could repay the interest and
principal that got me all of that.
But the whole trick behind a "debt-based economy" is just that...A trick
to make you think
you actually own all of that. Answer a few
questions (to yourself) & then look over here
, read everything, including the
supportive links to the real laws
that govern your life (One clue is that it's not
Constitutional Law)...Then see if you can tell
yourself if you really own anything at all
, even yourself.
For example, you registered your car to get license plates, didn't you? Once you registered your car, it became property of the State
you registered it...The actual Title is in possession of the State (who microfilm it then destroy
it). When you pay off whatever loan exists on
the car, you get only the Certificate
of Title (which only proves that the Title itself exists somewhere
You have a Driver's License, don't you? This means that you've already waived your Constitutional Right to Travel Freely
& are now subject
to the State's regulated "privilege" to drive it.
A little farther...When you get a loan from a bank, they always ask you for collateral, right? By signing over your "collateral," you are in effect
producing the financing for the loan by yourself
. But then, the bank never actually gives the money to you
, they usually give it to the
"business" where you're purchasing the item that you got the loan for. In the meantime, you've signed over ownership rights to your collateral to
legally own it until you pay off the loan (which you never directly received in the first place).
If you don't pay off the loan, the bank can take your collateral and
the item that you "purchased"...In effect, the bank took twice the
of that loan & leaves you with nothing
, including all of the payments that you were
able to make!
They may give you a copy of the "loan contract" but if you try to defend yourself in court to get back your "collateral (since it was taken along
with the purchased item, you may try to get back one or the other)," the bank will produce their contract copy in their
court will uphold it. However, that contract only states the "form of the transaction" when in reality, the actual substance
transaction never took place (you never got the loan money for your collateral directly
, remember?). But to prove it
in court, you'd
have to subpoena the actual bookkeeping records
of the bank as evidence...That's where the bank's true deception is evidenced & it will hold
up in your favor.
Is your name on your Birth Certificate written (or typed) in all capital letters? If so, then you are an "item of inventory," slaved to pay "your
portion" of the National Debt...That was "your portion" as it stood at the time you were born, but as you earn & spend more "money (which is
nothing less than legalized corporate scrip & only represents more debt)," then your portion of that debt grows.
BTW, speaking of the National Debt...That debt is owed to a "bank" that is not Constitutional & therefore automatically illegal to operate in the
United States. Congress has the Constitutional Power to coin (mint) our money & determine the value thereof (in Article 2, under the Powers of
Congress), but the Fed Res is not a legally-sanctioned agency under Congress
, yet it's what determines how much "money" that the government
may put into circulation! Even more, since the money to cover loan interests is never
allowed to be minted & put into circualtion, this means
that it's money owed to the bank that cannot be earned by anyone
to pay off a loan! In short, this trickery insures that, the more loans the
bank creates, the more likely that somebody will be forced to default because the interest does not exist in circulation
The Fed Res is a privately-owned & operated "loan-producing machine" run by a cartel
of international banking interests. The Fed Res is the
of the economic "booms, busts & bubbles" that keep all of the People enslaved to debt & they do this by juggling interest rates, not
any actual value-base
upon production or (intellectual or physical) labor.
Have you bought the house you live in? If that house is truly yours
, then why do you pay Property Taxes on it? If you still pay those taxes,
then this means the government owns it
& you are merely a Tenant paying a "lease," not the actual owner.
Do you use the 1040 Form to report your Income Taxes? Every time you use that form, you are filling out a forged, counterfeit document
it doesn't have a valid OMB
number as required by the Paperwork Reduction Act...The very same Act that declares that these "tax forms"
cannot ever legally
posses a valid OMB number! And when you fill it out, you are volunteering
your financial information to pay taxes
that you would not be obligated to pay
if you had not already volunteered that information.
Also, by Law, all valid taxes collected must be paid to the Secretary of the Treasury...But any taxes you pay based from your
"wages/salary/compensation" is not given to the Treasury
. Besides, the IRS has not had any valid authority or jurisdiction to collect that
particular tax money anywhere within the boundaries of the 50 States...At least, not since Prohibition was repealed!
Their HQ Office is in Puerto Rico! There is no Natural Law (ie: derived from "pursuance of" the Constitution), Executive Order or even Congressional
Act that justifies the existence
of the IRS at all!
BTW, there are already numerous threads
about all of this...Just perform an ATS Search using "Federal Reserve," "Fed Res," "IRS" &
"taxes" & you'll see what kind of mob families run their "businesses" in government...Against their Constitutional Oath of Office, against the
People & in favor
of their real bosses, the corporations.
Originally posted by In nothing we trust
Originally posted by memoir
The system will crash. What will the aftermath look like?
Considering that modern-day USA looks more like Hitler's Germany every day, I think the aftermath will look more like post
Originally posted by Divinorumus
Originally posted by ohioguy646
Yea so listen everyone I have a MBA leaning alot toward financials,
So, what does your MBA have to say regarding this increasing trade imbalance, trade debt. How much of this worthless funny money can we keep printing
and conning China-Mart and the OPEC nations into accepting for all that cool stuff we need to keep the party going . . .
I think you're forgetting the role that the World Bank plays in all of this...They have no qualms about letting individual nations (or even a few at
a time) go bankrupt...They're the ones juggling around the exchange rates
between nations. As long as they keep the debt-based
economy from going belly-up, they'll just keep raking in the money & subject entire nations
into insolvable debt to them.
Originally posted by ipsedixit
The big improvement would be the removal or at least huge reduction in interest payments in a state controlled system.
Unfortunately, I can't imagine any way out of the current system that doesn't involve a lot of blood in the street.