posted on Apr, 9 2010 @ 10:25 PM
MMM I agree its good its on MSM...
I just dont really get the Big deal about it.
Did you guys think something differant happened before?
This is how it always has worked,
You phone for a loan.
The bank transfers the digits to you via a computer screen.
They never ever had that money in the First place, never have since lincolns time.
You then pay them the money back they never had anyhow.
If you dont they take your real wealth like Houses, cars, clothes etc?
Its always been like this, and the factor of what the "Prime/Subprime" underwriting criteria on the loan have always varied anyhow, there has always
been high risk lending, if you are a high risk the computer screen will lend it at 7% or whatever and if you are likely to pay it back they lend it at
3% or whatever.
But they actually prefer bad debt, because they get back for it quicker by forclosure (taking real wealth property goods metals) or government bonds
etc, than good debt, as this takes longer to pay back and they cant charge soo much for it, or keep the lawyers employed, the bailliffs etc, all these
people have jobs and borrow more money themselves...
Dont believe the Scam in the Scam that the fix we are in is due to some Bad debts being mixed in with good debts, total whitewash and bulls**** its
because they never had the money to lend in the first place, and they went further in there greed than before. not because people diddt pay, they like
that theyhave something physiscal for it rather than bits of paper with pictures on it.
No problems for them if you dont pay as they have your home or car or clothes or all three anyway.
Before computer screens they wrote the 000000's down on bits of paper, and it still was actually nothing there, didnt exist.
The Fed thing, well yes of course, but thats not new either.
We all know the fed is a private or rather FEDS are private banks, that charge for money that costs them nothing, and have always passed that debt
onto the populace through labour (slavory) since the gold standard was dropped.
I am glad its on the MSM like this, but this case is being highlighted as such.
I dont see any differance in the Modus Operandi of the last 100 years, and more, except the gold standard.
They have to do this to keep the cycle going, unless debt is taken no matter how risky or if the government/people have to bail it out, well then
growth confidence and money is not in the market, so people dont borrow so much, which the current scam cant have. It would collapse.
The set up is like a tumour growth it has to grow or go into remission and dissapear.
The capitilistic economies of the world cant stay afloat or stable at all, to survive and not crash there is an inherent need to grow, create more
more, lend it out, so people spend more.
I thought this was obvious and known...anyhow maye more soo on main street.
Bit confused about fuss but very glad was on that network.
Of course most of the people watching that network press the computers buttons that create the 000's anyhow so they knew it already.
When the FED or a loan house does it its no differant, neither has the gold/phyiscal ability to cover what they lend, and have not for decades, the
Poeple have laways bailed out/payed for the Fed anyhow.