Thursday, October 29, 2015
A lot of people claim the banks print money "out of thin air," but in fact most money is created when loans are negotiated. When you buy a house on terms, that creates the principal value of your loan in new "dollars." Your house is collateral for a loan you must repay with interest.
It is important to note that the interest to repay the loan is not created. This causes a vacuum that must be immediately filled by the creation of more money or the whole shebang comes tumbling down.
More money must be lent to pay for what has already been lent. Ad infinitum at interest.
All that money creating is hard work at first, but after that it's as easy as cashing the monthly mortgage checks. How much do utility companies charge to maintain your account? Very little.
If someone doesn't pay up, the bank can take his house! We've seen a lot of this since 2008,
I believe the dollar would be an international treasure if created usury-free at real cost. The immense savings to borrowers would create a real economy for the first time since 1913.
Wednesday, July 1, 2015
Greg Hunter interviews Michael Pento
Pento's prediction is that "real" interest rates (those we peons pay) will be dropping. Good news, if you aren't an "investor." Investing in usury is investing in death.
Here is my YouTube comment:
Objective future analysis by a certified usurer. Pento curiously thinks usury proper.
Yellen cannot raise rates because we have had a zombie economy since 2010.
All of her friends and relatives are (I believe) heavily invested in enterprises addicted to "free money." Cut off the free money and the world stops turning (for them.)
As for the serfs, let them pay the highest rates possible for what spills out of the trough. Let them fight over the bones like dogs. The system benefits the already rich.
Zero interest for the rich, zero empathy for the poor. Hello, Merka, how are you?
Allowing a private monopoly to create the public currency at interest is a mortal sin against the people. It is lawful genocide. The rich are literally killing off the poor. Do I even have to explain how they do it? There are so many ways the status quo benefits those who have money at the cost of those who do not have money. The evidence pervades.
How long can you tread water? With no job, the money runs out fast. Hope takes a little longer.