Banks ….. did banks lend us billions of dollars over time?
How did they get so much money and how are we paying them interest on a loan when the government prints the money based on commodity trades or other measurements of worth ?
If the governement prints 100 dollars and it is loaned out through the society at 10 % interest where does the 10 dollars come from if not the same printing press the original 100 came from ?
How can the national debt be anything more than a fancy game of loan sharking and slavery if the people who print the money charge money that they have not yet printed ?
Print 100 demand 110 back — it sounds like a bad mob take over movie — that "equation" can only equal the ownership of future labour and future productivity
Sooner or later the people who are playing this game must end up owning everything in exchange for more bits of paper only they can print — As long as they demand more back than exists you remain owned
The mob
The national debt —– Who lent it to us
****
DAR
Yep and sad too isn’t it
The banks have been creating the money for a long long time and no one caught on until recently
The banks (a central bank) are loaning out the money to the government — and they are charging interest
That was the influence of King George the 3rd over the banking system of the Empire
Then the smaller banks create money privately and legally by loaning out money to people and businesses
The system we use world wide to create money is debt — almost all created money is created as debt with only exists as an arbitrary number in space based on a ratio no one knows about
What if the criminals took over when we weren’t looking ?
They took over thousands of years ago and we have never looked
A bunch of private individuals who are capitalizing… The Federal Reserve. Those printing presses never stop running!
Carter Followed by CLinton now obama.
Actually, lately, the government has basically been lending it to itself. That’s why the dollar is sinking like a rock in a pond.
I hate to say "Ron Paul is right." Really, it’s a matter of Ludwig von Mises and F.A. Hayek being right, and Ron Paul stumbling across some of their books. But at least upon stumbling across them, he realized that they were right.
Some people say Ron Paul is insane. But the definition of insanity is trying something that has been tried many times before, hoping for a different result. We’ve tried to spend our way out of economic downturns in the past - and it always fails, at least in the long run.
Get your rice hoe out!
Nixon but WW2 really started it. Nixon created all the programs
the current GOP PARTY is run by
right wing TV evangelist
or
Domestic abortion terrorist
or
Greedy Corp profiteers
or
kick back bribe GOP Politicians
or
Shock radio Tv host
or
War mungering NAzi’s and KKK
They don’t loan out only the $100. Google ‘fractional reserve banking.’
The bank with $100 that is required to have 10% reserves (as our banks no longer are required to do under the bailout bill in the US) can loan out a thousand dollars keeping that $100 as reserves. As interest comes in they can loan 10 times that interest out and keep the original interest as reserve, etc. They get interest on much more money than they have to loan.
And the money is printed. Or added as electronic entries.
This is not a joke. This is the dead serious truth.
1. If you purchase a T-billl or bond today then the government is borrowing from you and agrees to pay you back the amount plus a stipend in so many years. The issuing of those bonds adds to the debt
2. Printing money out of the blue is basically devaluing the dollar - consider a pie divided into 8-pieces. If you cut it into 16 pieces you still have one pie. The same is true with the dollar. Everytime they print money, the value of the dollars in our savings is reduced. This is like a tax on savings.
The Federal Reserve is the dumbest system ever envisioned. But the sad fact of today is that the economies of dozens of countries are vested in the Fed. Dismantling it would lead to war.