Posted 10 years ago on Jan. 9, 2012, 7:05 a.m. EST by bill1102inf2
This content is user submitted and not an official statement
DONT BELIEVE THIS??? Tell me the LAST TIME our Government created money WITHOUT doing it through a DEBT instrument??? Feeling pretty dumb right now I bet.
Look, in a debt based monetary system, ALL MONEY is - debt.
And when debt (money) is 'created', ONLY the principal is created.
NEVER the interest to pay it.
So? So, MORE DEBT MUST be created just to keep the whole thing going.
People think China owns most of US DEBT, they do not.
In fact, only 4.6 Trillion is 'owned' by foreign countries.
MOST of it (50%) is owned by the Federal Reserve itself!!
What the hell does all this mean?
It means, that we must continue to be in debt. And, the more in debt we get, the more the Banksters and 1% get richer.
The money doesn't even EXIST to 'pay off' our debt!!! In order for it to exist in the current system, we would have to go into MORE debt, therefore its IMPOSSIBLE to pay it off.
Get it yet?
Its a BIG club.
And you AINT IN IT!
Oh Oh OH, and to ADD TO THIS BS, there are 797 TRILLION in Credit Default Swaps that have been sold against default of all kinds! Who 'sold' them? The 1%. Why did they do it? To grab more $$$. Can you sell CDS? Nope, its illegal.
A Credit Default Swap is like fire insurance on your house, only anyone can buy it, including all 1000 of your neighbors. Can you imagine if 1000 people had a pay-day coming if YOUR house burned to the ground? Makes you want to install an extra smoke detector doesn't it?
**Another way to explain it for the thick headed.
Take a credit card with a 10K limit. Make one purchase for 10K. Now work for that person you paid 10K. Even IF they paid you back 100% of what you paid them, you would NEVER-EVER-EVER-EVER be able to pay off that credit card.