The Biggest Scam in the History of Mankind

I would like to congratulate everyone on this thread so far.
I have skimmed all of the post thus far and found no mention of the word capitalism or socialism.
When I found the thread I was sure it would deteriorate into partisan bickering between the right and the left.

Thanks for a good one OP.

reply to post by andy06shake


Please don't say that, it is untrue.

Honestly, my good sir, you need to read the Bible or the Torah or the Quran because USURY is banned in all religions. You cannot lend with interest it goes against religious teachings.

A religion cannot scam you, only a man can do that. If you know what the religion is supposed to teach a man, then you know in your heart that this lending with interest is wrong and practiced by man with a darkened heart.....

reply to post by bitsforbytes


I left religion (church of God) because of what it taught and condoned were incongruent with the spirit of the teachings of Jesus. usury is pure wrong to the extent that a CHRISTIAN should not work for a bank, financier, credit card inc, etc.

That a tax assessor for the county can NOT be a Christian, etc..

hypocrites .. the whole lot.

along with the fact that the "deception" has CLEARLY already happened. we are living in that period right NOW, imho,.

I liked the video, but it got one part wrong. Fractional reserve banking is actually a good thing (up to a point, Lehman Brothers being leveraged 40:1 is not a good thing) and fiat currency is essentially required now because there's no commodity which is widespread enough to be measured against current day wealth. Where we're getting screwed is in the idea of debt based currency which is steps 1 and 5 of the OP's video. Steps 2, 3, and 4 are actually good things.

reply to post by HanzHenry


So because a few Christians, Muslims or Jews are crooked you don't like it and decided to call it quits? That Gods word is not real and did not announce this problem before you knew about it?

You act like God is the cause of the problem............man who disobey God is the problem.

The rules were written a long time ago, nothing new under the sun.

reply to post by Aazadan


You sill have the problem of money being perpetually created even without the other steps and the debt ceiling would be a fix number which would make the system crash.

Sorry watch it again.

ThichHeaded
reply to post by andy06shake

 

Ya I only used the money part of the video for this specific thread because well it fits here.. All the video's I posted all have the same thing to say.. Basically we are being screwed so hard and nobody seems to notice and nobody seems to care.. As long as they have football and beer all things will work out like a prime time show back in the 90's..

But as I said above Ron Paul has been talking about this since he got into politics and nobody pays attn..

I however have every room to complain.. I do not use the banking system and I haven't for the last 20 yrs or so.. The only thing I have to deal with is every time i get some money It is always owed to someone else... Which kinda sucks.

::EDIT::

I also want to make a point of something.. The makers of this video in the OP has something to do with gold and silver..

My question is wtf is that going to do for you if you have nothing to help you live??

Wouldn't it be better to have food, ammo, guns, and other things? I think if shtf and money was obsolete I think items for trade would be more valuable than gold and silver.. I would more than likely wanna trade some ammo for food, or food for a 5th of JD or something.. I really don't get this buy gold and silver crap..

edit on 10/17/2013 by ThichHeaded because: (no reason given)

You cannot eat the gold and silver that is the bottom line. When a bushel of wheat cost you a goat or some other farm animal that you can eat no gold wanted then it will sink in that land and livestock is more valuable it will be too late.

bitsforbytes
reply to post by Aazadan

 

You sill have the problem of money being perpetually created even without the other steps and the debt ceiling would be a fix number which would make the system crash.

Sorry watch it again.

Money (well, currency) being perpetually created is a good thing. When you hear things like the economy grew by 1% this quarter that's a direct reflection of the amount of currency in circulation increasing. Essentially, it allows economics to not be a zero sum game. Everyone can end up with more than they put into the system if they work. This also has to balance out the growth in population. If the amount of currency in circulation remains stagnant while the population increases by 10%, everyone has 10% less to spend as things even out on a per capita basis. Though what really happens is one income group ends up with considerably less, which causes them to all fall (an expansion in middle class residents causes the middle class to each end up with less and join the poor). This has actually happened in the past.

Furthermore, even in a system that is backed by commodities such as oil (pseudo backing of the dollar now), gold, or silver. More of these things are always created which again represents an expansion of the money supply. I'm not against commodity backed currency but we don't have a commodity on the planet that exists in large enough quantities. The one that comes closest is oil, which there's about 3x more oil on the planet than exists right now in USD. However there's the rest of the world to consider as well. Taken all together there's not enough gold, silver, and oil in the world to physically back the amount of currency in existence (and the oil reserves shrink every minute) and even if there were, all those goods would have to rest in the hands of world governments rather than private entities.

What you should take away from the video isn't that creating claims to wealth opposed to using the valuable object itself is a bad thing (and this naturally leads to fractional reserve banking), but rather that debt based currency doesn't work. In debt based currency, every dollar of debt paid off is less backing for every other dollar. It also decreases the money supply significantly. Fiat currency that isn't debt based can work and has even been wildly successful in the US. Take a look at Greenbacks. On the other hand it has also failed if you look at Continental Currency which was made worthless due to hyperinflation.

As for the debt ceiling itself, the concept is ridiculous. It started out that congress would regulate bonds for each type of project and only approve of spending that it liked. When WW1 came along (which was incredibly expensive) congress decided to delegate out individual bonds and instead created a limit on the total they would approve of. This essentially let them avoid micromanaging millions of little expenses. Prior to this consolidation there was no actual limit, and it exists now mainly as an antiquated idea that would be politically unpopular to remove. Today it does more harm than good because it creates these ridiculous fights over the debt ceiling that don't actually solve any problems but instead serve to increase borrowing costs. Which again shouldn't even be a thing, but is because we use debt backed currency.

reply to post by bitsforbytes


Well I don't know about Hans, but nobody here is blaming your God, just evil Men / Women. As if all that matters in the entire Universe is some 2000 year old fairy tale that was thought up in the desert by some ancient inhabitants of a fortunate species who call home a planet within a solar system which is the 3rd rock from a Star among millions, or possibly even billions of others?

The utter disregard, complete blindness and total ignorance towards what lies above many human beings very eyes every single night of their life is really a shame in my opinion. This thread is about the chokehold that the international banksters have on all of the Sheople Nations anyway, not religion. Just saying my friend.

Actually, You may have drawn more focus on another part of the problem though, condescending hypocritical frauds sitting upon their religious high horse who are bent on the control of the weak minded.It reminds me of the banksters and their yes men / women in Washington D.C. Don't question anything, just do as your told like a good little lap dog. ~$heopleNation

reply to post by guitarplayer


The irony people have been bartering for years before the white man showed up here in the Americas so ya... still don't see why gold and silver are to important..

Back in the depression bartering was a big thing also.. also up to the 40's and 50's...

It has become recently that gold has to be a big thing...

reply to post by InTheFlesh1980


Many people have come to the conclusion that our monetary system is unfair. Research into the most successful system, FED Fractional, is thorough and enriching. Exposing the masses to yet another video demonstrates you moral standards to inform and protect. 80 years ago this system was implemented and without choice were are bound to it. Perhaps if we accept it's brilliance and forget calling it slavery we can find a solution.

The only value our current system provides is equivalent to the desire and trust we invest in its use.

America has achieved so much yet we only find time to complain. Your are not a slave, we have so many choices. If you dont want to work then don't, if you hate the dollar stop using them. Vote everyday with your choices and perhaps you or someone like you can change, modify or evolve or lives with a new idea.

reply to post by bitsforbytes


"Please don't say that, it is untrue."

Sorry buddy but it most certainly is true! Keep in mind I am in no way suggesting there is not a creator or that the Multiverse does not contain intelligent design, I'm just illustrating the evils of Organised religion.

"Honestly, my good sir, you need to read the Bible or the Torah or the Quran because USURY is banned in all religions. You cannot lend with interest it goes against religious teachings."

Buddy these so called religious texts are not the word of God, they were written by Man, since Man is fallible then so must be the information contained within.

They are nothing more than control constructs designed to keep in place the powers that be and to desuade people from asking questions!

"A religion cannot scam you, only a man can do that."

I'm afraid you have that backwards.

"If you know what the religion is supposed to teach a man, then you know in your heart that this lending with interest is wrong and practiced by man with a darkened heart....."

All that's required is to know in one's heart that you are a good person. No Priest, Rabbi, Minister or book is required to commune with your creator, simple quiet prayer will suffice!

I watched the entire video and was impressed up until the instructions on what we're now supposed to do with this information.

It screams of a trap.

Can anyone guess why..

reply to post by InTheFlesh1980


This was a great vid. I got into comment arguments with a couple of people on YouTube. They weren't denying the info but got vicious about it being a scare tactic to sell gold. I don't get it, we're being lied to constantly in order to accept a gradual slide into slavery and yet people defend that but go after a single dude who put together a well made vid on YouTube. Maybe we're just meant to be slaves.

SomethingsJustNotRight
reply to post by InTheFlesh1980

 

This was a great vid. I got into comment arguments with a couple of people on YouTube. They weren't denying the info but got vicious about it being a scare tactic to sell gold. I don't get it, we're being lied to constantly in order to accept a gradual slide into slavery and yet people defend that but go after a single dude who put together a well made vid on YouTube. Maybe we're just meant to be slaves.

That's because the people who put that video together are gold sellers and their entire series is an advertisement to buy from them. If you watch their other videos they make the same subtle references to make someone believe they should buy gold. The reality of the situation is that buying gold is worthless. We'll start with paper gold, which is what most gold is. The gold you own sits in a secured vault somewhere while you're given a claim check worth x ounces of gold. In a true collapse those claims won't be honored. Furthermore, in a true collapse it's very likely that commodities like gold will be nationalized (again) and it will simply be confiscated. Which leads into the other problem. In the event the government simply takes all the gold, you can't use it as currency. Either you hand it over, or someone won't want to be caught with it and you can't use it to buy anything.

Next, gold is on a pretty big high right now even though the prices have gone down a bit. When gold has been a safe haven in the past it has been worth less than it is now. The government even has the right to price fix gold (and has in the past) and simply dictate what it is worth.

It doesn't help the videos case that they mislabel the problem. Fractional reserve banking is not a bad thing, it's actually a very good thing. Debt based currency however is not a good thing (not to be confused with say national debts... which are something else entirely, and also good things).

The fact of the matter is though, there's no commodity on earth right now which exists in large enough quantities to be the sole backer of a monetary system. That's why fiat currencies are a necessity.

They have a new video up: