Perverted Money Creates Odious Debt

The Federal Reserve Note (FRN) is what most people call the US Dollar. It isn't really American money, it's more like a casino chip owned by the same guys that run Monte Carlo (more or less.)

The trouble is, it is the US Dollar that runs the world. In fact, the US Dollar pretty much built the world. Not that the US Dollar acts alone. The same guys that run the casino run all the banks, worldwide with the possible exceptions (though I doubt it) of North Korea and Iran.

Whether you want dollars, euros or yuan, some friendly banker will be happy to make the exchange for a small fee. This seems like a useful service until you remember the same guys run all the banks.

It is the nature of our purported economy to not only create every dollar (or its ilk) as a debt, but to charge compound interest such that every dollar created costs the borrower two - one as repayment and another as profit.

Creating money out of thin air and then charging interest is bad enough, but bankers make loans against collateral. Money is borrowed against wealth, real or imagined. Hopefully, real. So, bankers loan you something unreal against something real. Paying them back (plus interest!) takes real work, too.

If every dollar created demands another dollar in interest, there can never be enough money in the world to pay back all of the debts owed. Since there is never enough money, money must be continually borrowed. Requiring interest on money (created out of thin air) imposes an imbalance on the economic system such that people run around trying to earn money that just does not exist, yet.

Soon enough, someone refinances (as they must) and then someone else can be paid. What if no one refinanced? What if everyone was so broke that they could not refinance? This is what happens when the banks have sucked up so much money that every profit people make from working goes to pay “debts” to bankers. When the principal and interest are more than the world can pay, then what?

We are about to find out. The world is now precisely in the situation I have described above. Worldwide bankruptcy. No one wants to admit this, but watch as things unravel starting with the poorest of people. Countries are going bankrupt and the terms of their loans are much gentler than those suffered by the people themselves. Spain may pay 7% interest but I am told to pay 28%.

The money-changing scam has been going on for centuries but has been refined and legitimatized over the last 100 years or so. In ancient days, usury was forbidden by all three major religions. That is really remarkable. We think of those people as ignorant but it turns out they knew more about money than we do now. Maybe it was the home-schooling. Public schools do not educate the public about money.

So if this system guarantees bankruptcy, why has it been imposed upon the world? Because a very small number of people at (and near) the top benefit unfairly. They control the money and the money comes with hardly any work. Sure, they must keep vigilance of the status quo, but fixing LIBOR, gambling on derivatives and foreclosing on little old ladies is a lot more fun for them than digging a ditch. The people at the top love the way the world works. Most people are blind to all of it.

If the entire corrupt system is funded by perverted money how is any debt a valid debt? The lack of money in circulation demands a continuous stream of refinancing, all of which were coerced.

All debt being coerced, all debt is odious. It's time to evolve beyond usury.

Parliament Pwnd

http://www.davidicke.com/headlines/64783-projected-onto-the-houses-of-parliament-last-night-the-truth

No word yet who did this, but David Icke benefits.

IS WORLD WAR 3 INEVITABLE?

This video clearly illustrates the absolute power of our psychopathic rulers. We can never collect enough power to challenge them at their own sadistically violent game.

The change you seek is within yourselves They control through the money they print and the interest you allow them to charge for its use. Their power is the simple notion that you accept interest on money. Nothing else really matters to them. They rule through your greed.

Principal < Principal + Interest. Who prints interest?

If I Were Greece

People are not countries, of course, but you can understand my confusion after the US Supreme Court ruled corporations are people. Countries are incorporated, after all. It's all very confusing.

However, if I were Greece, if I could make all of the decisions for an entire country, I would do for Greece exactly what I would do for the United States, given the chance.

First of all, the current system is so corrupt that absolutely every contract is in question. Add that to the fact that every contract ever written is likely agreed upon under duress by one side of the contract. The other side usually has the power of law enforce whatever “contract” they write. The world is unfair.

So, basically, nothing the Greeks have agreed to thus far has been fair to them. That should be a given.

Next, of course, the bankers aren't really loaning the Greeks anything at all. They are printing the money out of thin air (over here at the Federal Reserve) and charging interest on smoke and mirrors. Nobody's savings is being tapped, no German has yet to miss a meal for a Greek. Not one meal, yet.

Eventually, the bankers will hit the Euro nations for the Greek dinner bill plus interest. Not that the Greeks will get to eat, much. A few months respite is all they can hope for until the bankers return with more demands for more interest.

The Greeks are already so “austere” people are starving. This “bailout” just means more cuts for the people while Greek banks fix their balance sheets. Same as here, folks.

A deal under usury is never fair. Usury is interest. Interest is cheating. Are you understanding, yet?

Look, there have been books written on using other people's money (credit) to leverage your ideas but they only work for some people (or countries.) Overall, most people have to “lose” leverage because bankers insist upon being paid exorbitant fees (interest) for their trivial services. They create money against your collateral and credit. Collecting payments is the hardest part, but that's outsourced.

The money only they may create is how bankers shape their world. They own the courts, the educational system, the entertainment industry and nearly all of the top corporations. The same people sit on the boards of multiple companies. Their families now rule over ours by the right of compound interest. Money just multiplies money for these people – but someone has to foot the bill and that's us.

Everything these criminals do is not only legal, but moral and honest according to their beliefs.

Greece should just press RESET. All deals reopened to negotiation, interest free. All interest outlawed. Of course, the Drachma would work as a good name for interest-free units of exchange.

Really, Greece should just close their borders and trade amongst themselves in sovereign money. They showed us democracy thousands of years ago, perhaps the Greeks still have something to teach us.

Whereas Our Money is Worthless

Whereas it is acknowledged that ALL money is created out of thin air but good money is backed by collateral. Money without collateral is not money but counterfeit scrip.

Whereas Federal Reserve Notes are private scrip but US Dollars should be sovereign money.

Whereas the people are sovereign and so should equally share the right to create money at no interest.

Whereas if you pay a banker interest on your own credit then you're just a dumb ass.

We do hereby resolve to outlaw the taking of interest.

We further resolve to outlaw the Federal Reserve Act.

Only US Dollars issued from a Treasury Bank (on sufficient collateral, interest-free) will be legal tender for all debts public and private. Treasury Banks are government entities authorized to create money of thin air against available collateral. Loans will be for the remaining life of the collateral.

If you took a $100,000 loan from a federal bank at zero interest (validated by a government employee on full salary) for a new home, your payment would be $83.33 per month for 100 years (lifespan of a new home.) It is the control of your money that is bankrupting the world. Stop it. NOW.

More Math

P < P + I

The interest is never created.

Interest doubles the cost of virtually everything, only for the benefit of bankers.

American People Deserve American Money

The American public has lost a lot of respect around the world, but nothing they might do deserves the punishment they have received from the bankers. I am not speaking of the current crisis, but the whole of the impoverishment meted out since the coup of 1913.

It was upon a dark day in December, well after the westerners had boarded their trains for the holidays, that the old money bankers got their half of the politicians to vote in the Federal Reserve Act. The same year saw the passing of the 16^th Amendment which of course created a new animal called a taxpayer.

Taxes and banks are directly related. Banks loan to governments and the people pay the interest (and more) through taxes. If you are a politician or a banker, it's a great system.

If you're some poor schmuck born in the ghetto, you will be living life at a serious disadvantage to the folks up in Kennebunkport. That's just the luck of the draw. There is nothing any of us can do about our starting position in life. After that, things get complicated.

You know where I'm going. Our circumstances often dictate our decisions. Choices are not always financially available to everyone. Public schools in poverty-stricken neighborhoods are not good.

You can complete the fire drill of problems America faces today for which there is “no money” to pay for the fixing of anything. Are we to watch our bridges fall down and our dams burst just so that we might make this month's payment to the financial wizards in Europe?

It's not like the Europeans know how to operate money. All but the money-lending nations are bankrupt. I sense a pattern. Can you still buy Swiss Francs? Most nations are too far in debt.

Anyone with any common sense understands how the current international economic situation is going to play out – everyone is going to demand to be paid whatever they are owed. No one wants to be stuck holding the bag. The debts are too large, anyway. There is not enough wealth to pay it all off.

P < P + I

Where P is principal and I is interest. The equation itself is our supposed economy.

Money is created whenever a loan is made from a bank. Say you borrow $100,000 to buy a house, P equals $100,000.

Notice that the interest owed on the loan is not created. The borrower will have to scurry for that.

When you take a bank loan for $100,000 that money is created out of thin air, but is backed by the existence of the house you are purchasing.

As long as a dollar is backed by a dollar's worth of wealth, then there is no change in the value of a dollar. This is a stable economy (a balanced equation.) You can think of this as:

P = P

Where things go wrong is when a dollar is created without a dollar of collateral. Charging interest on the creation of a dollar brings us back to where we live today:

P < P + I (imbalanced economy that can only spiral into bankruptcy.)

Federal Reserve Notes (what passes for “money” today) are created at interest, with the interest going to private bankers no one can identify. “Investors” they're called. Rich people who own everything.

The Sovereign right to coin money is long established in international law. We the People deserve our money back, don't we? Let's take it back and create it interest free as it should be. Outlaw interest.