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Who are we in debt to??

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posted on Jul, 11 2008 @ 06:33 PM
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Hey, Ive seen everything thats going on and I know that something is very wrong, and the probable collapse of not only the U.S. economy but the global economy.

The question I want to ask is who are we in debt to?
I mean if we are in debt to the government then get rid of it. Of course I really think that we are in debt to the bankers that run the Federal Reserve.

Oh and one more thing I NEED to make clear. When the common people hear the news talk about the "Fed" in relation to money issues, they think that they are talking about the government. But it is not owned by the government so could it really be possible that we are in debt to the people that gave us the money in the first place?

But wait a minute how could they give us all the money if they did not orginally own all the money? Hmm, I really want to know!

Please when you post give your line of reasoning. Example of what not to do: Bush is getting beat up becuase we are in war and 9/11 was b/c of AlQuida. Actually it used to get me pissed when people said that, but now it's kinda funny that PEOPLE REALLY ARE ASLEEP AND THEY WILL NOT WAKE UP!!! THE MATRIX!!!




posted on Jul, 11 2008 @ 07:09 PM
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Did anybody see that IndyBank that failed today is going to be replaced by IndyBank Federal Bank. And what about the talk of the gov taking over Freddie and Fannie.

I just realized what if the gov is trying to crash all the financial institutions that they need to in order to gain control. And with control like that, well socialism anyone, Nazi Corporate America?

What do you think would have happend if the gov introduced the Amero in 98. No bank would have allowed it, well maybe, but the public wouldn't have. But fast foward to right now, in fact TODAY.

IMHO there would be no problem implementing the Amero if the banks are run by the gov.

Oh and history is actually being made right now, this will be taught years from now..
Ok maybe not, is this really happening.

IS THIS REALLY HAPPENING



posted on Jul, 11 2008 @ 07:12 PM
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What this have to do with Aliens/UFOs?



posted on Jul, 11 2008 @ 08:11 PM
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There are loads of threads on ATS that will answer your question.

It's far simpler than you may realise.

The truth of the matter is that todays money is worthless, has no value and is just created on a computer out of thin air..they make it up as we go along.

If you've not had the chance, watch this video;
David Icke's big brother. There is a section in their that David taks about money.

Money used to be backed by gold, which gave it its value, but this was stopped in 1970. Since then money has been nothing more than a belief.

As David explains, if you borrow 50,000 from the bank, all the bank does is enter that number into your account through a computer..now you have 50,000 and are liabe to repay that plus interest. The money you earn, with which you buy real value items (like a car) is used to pay the debt plus interest.

The dilemma is, where does the money come from for you to pay any interest...well the banks created that money by the exact same method they used to give you 50,000, but by giving someone else a loan too.

This 'money' circulates and comes back around.

In reality, you are borrowing nothing and repay with nothing. If you default on your payments, then proceedings will be taken out against you to claim any real valued items you may have (you lose your car).

The bank now has the added bonus of an item that has real value.

When the banks so desire, they allow more money onto the market so that everyone can buy more things like houses or land and new cars etc. And equally, when the banks desire, they can withdraw money from circulation which causes a recession... this is where the scam comes into play.

The banks then ahve the power to claim ALL property from those who default on their repayments. Thus the banks become land/house/business owners and will be more financially stable and can loan more money when they feel like increasing the money in circulation.

Nasty little web.


It's a big scam to allow the banks to have control over all our lives.



posted on Jul, 11 2008 @ 11:16 PM
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Someone correct me if Im wrong, but isnt most of your countries debt owed to China?



posted on Jul, 11 2008 @ 11:22 PM
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This is in general conspiracy right if not mods please move this to the right place!
Thanks



posted on Jul, 12 2008 @ 12:15 AM
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It's in the right place now.. It wasn't but never mind.

Hope you get time to watch the video.
Also look up Ron Pauls "The case for gold".



posted on Jul, 12 2008 @ 01:06 AM
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reply to post by rhombus24
 



..the biggest holder of Treasury debt (is) the U.S. government itself, with about 52 percent of the total $8.5 trillion...about 25 percent is held by foreign governments...Japan tops the list (with $644 billion), followed by China ($350 billion), United Kingdom ($239 billion) and oil exporting countries ($100 billion)...Other holders of Treasury debt include state and local governments ($467 billion); individual investors, including brokers ($423 billion); public and private pension funds ($319 billion); mutual funds ($243 billion); holders of US savings bonds ($206 billion); insurance companies ($166 billion) and banks and credit unions ($117 billion.)

From here

It's from 2007 so the total debt is about a trillion lower than it is now, but it should be an accurate enough representation

[edit on 7/12/2008 by pstiffy]



posted on Jul, 12 2008 @ 01:12 AM
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The issue should not be who we are in debt to, but the fact that we are in debt at all. We trust other people to give us credit to which is sytematically given to someone else to allow for yours to be loaned. The money someone else pays is the backing for giving you a loan.

Social interaction and money is on the downturn, and banks will be the downfall.

What happens if the banks close up shop as they did in 1929.

Banks go under, so does you life. It doesn't matter to who, it matters when.

King



posted on Jul, 12 2008 @ 01:19 AM
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How to respond...how, oh how to respond...

Have you ever watched "Star Trek: The Next Generation" (the one with Picard)?

Notice how no one ever has to pay for anything. . . ?

Basically, we are really not that far from that. The money is fiat, the value has no value.

What we are in essence, is very much like Star Trek; only we have these things called "bills and coins" and keep track of them ...

(yes I know you Trekkies will argue that gold-pressed-latinum and the whole "no money system" I challenge you then to a trivia contest!)

What we trade as "currency" is only worth what people believe it to be worth.

Right now, because oil is bought/sold with "US Dollars" pretty much exclusively -- we have SOME value (because other nations need to buy our currency to buy oil).

There really IS no actual "wealth" out there on the market, think about it...people are working jobs for numbers that mean nothing, to trade those numbers for items produced for more numbers that mean nothing.

It literally is a stepping-stone away from a total "cashless" and "star trek" economy. People just "work their jobs" and can obtain whatever they need because everyone else is doing the same.

I never realized it, but it's actual Communism without corruption in Star Trek! Unlike it's been played out here in REAL LIFE (aka Russia and China) where "pure communism" is replaced by corrupt leaders taking advantage of the system.

Like ANY educated person I know says; "Communism looks great on paper, but doesn't work in practice because human nature just will never allow for it -- people are greedy and power hungry".

We ALL are being slowly conditioned to accept a pure communistic (NWO) world.

Goodbye national pride...








posted on Feb, 24 2009 @ 06:51 AM
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The western world is indept to China. While we have been busy borrowing and spending in the USA, the UK (where I am) and the rest of the developed world Chinese families have been saving their money. Chinese households have no issues with dept. The only reason that we have been able to borrow and go into the minus is because China is in the plus, in the end it all balances. The money and the dept is real. Will China become the worlds super power? Its already happening.



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