posted on Mar, 21 2013 @ 10:58 PM
Originally posted by Elliot
If there is more debt in the world than actually exists to pay it back, then the money must have been fraudulently lent and so does not exist.
Following this logic, the debt therefore does not exist.
Someone has been lending money they don't have fraudulently!
Now, they are attempting to claw back something they never had to lend in the first place!
Now fraud, isn't that something the police get to deal with!
Well, see it is actually technically legal, but it shouldn't be. Derivatives are like insurance policies, they are set to pay off if some situation
occurs, so they are really not debt till triggered. The problem is the banks creating these insurance policies have promised to pay out up to 100
times more than they have money to pay out if actually forced to.
Basically they have done so because the higher the amount they promise to pay out the more money they can make for selling the insurance, and they
figure if they are allowed to go bankrupt all other banks will go down with them. So basically they are are creating derivatives at this extreme
level because they can blackmail world governments, keep us solvent or we will crash the world economy. So far its been working, but even if they
manage to stay in business they will bring down the whole world economy eventually through inflation used to keep the banks from failing.