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Originally posted by dingleberry77
Post like this have been going around and around for the last 12 months or so.
I keep saying it, and I'll say it again. What are we going to do about it.
Nobody out there has come up with a simple and plausible explanation or response.
It seems like we've dug a hole so deep that we have to go down to the bottom to see a way out.
Our money system is not what we have been led to believe. The creation of money has been "privatized," or taken over by a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions — including the private Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices — and robbing you of the value of your money.
Not only is virtually the entire money supply created privately by banks, but a mere handful of very big banks is responsible for a massive investment scheme known as "derivatives," which now tallies in at hundreds of trillions of dollars. The banking system has been contrived so that these big banks always get bailed out by the taxpayers from their risky ventures, but the scheme has reached its mathematical limits. There isn't enough money in the entire global economy to bail out the banks from a massive derivatives default today. When the investors realize that the "insurance" against catastrophe that they have purchased in the form of derivatives is worthless, they are liable to jump ship and bring the whole shaky edifice crashing down.
Originally posted by Hx3_1963
reply to post by flybynight
Well...there is a censored entry in a Congressional House record...
and a complete transcript of the entry...
The above was reprinted from the book, Economic Pinch written by the
late Charles A. Lindberg, Sr. which was first published in 1923. The
Bankers Manifesto of June 1892 was not intended for public reading,
but was propaganda to hold the big bankers together. Permission was
not needed to reprint the above as it predates copy write law.
Lindbergh's books, Banking and Currency, and the Money Trust, 1913, Why is Your
Country at War? 1917, and The Economic Pinch, 1922, were suppressed and quietly
removed from practically every library in the country. One book by Lindbergh,
The House of Morgan, has disappeared without a trace, even out of the Library
of Congress. It has gone into the Orwellian memory-hole, and become a non-book,
as if it never existed.
The main thesis of Lindbergh's books posets the existence of a Super Trust,
developing out of an aglomeration of capital accumulated by a group of American
industrial and finance capitalists who are commonly known as the Robber Barons.
According to the elder Lindbergh, this group - which included the Stillman-
Rockefeller, J.P. Morgan, and Kuhn-Loeb interests - had unified their common
interests into a powerful Trust by the early 1870s. They then promoted the Sherman
anti-Trust Act, in order to prevent any other, late comers from climbing up
to enjoy the Olympian priveleges that they had acquired
on their plateau of Wealth.
Originally posted by dodadoom
reply to post by yeastblood
Maybe we do need to hit rock bottom.(like an alcoholic for instance)
Maybe we need a major reset, like some have professed.
I'm not in favor of it myself, but we may have no choice in the matter.
Really is up to us, I guess........?