Society today is composed of a series of institutions…from political institutions, legal institutions, religious institutions… to institutions of social class, familial values
and occupational specialization. It is obvious the profound influence these traditionalized structures have in shaping our understandings and perspectives…
Yet, of all the social institutions we are born into, directed by and conditioned upon, there seems to be no system as taken for granted and misunderstood…as the monetary system.And whether we are aware of it or not, the lifeblood of all of our established institutions and thus society itself is money. Therefore understanding this institution of monetary policy is critical to understanding why our lives are the way they are.
Money is essentially created from dept., through loans. These loans are based on a bank’s “Reserves” and Reserves are derived from deposits. Through this fractional reserve system, any one deposit can create 9 times its original value, in turn debasing the existing money supply, raising prices in society.
And since all this money is created out of debt and circulated randomly through commerce, people become detached from their original debt and a disequilibrium exists where people are forced to compete for labor, in order to pull enough money out of the money supply to cover their costs of living.
The new money essentially steals value from the existing money supply… for the total pool of money is being increased, irrespective to demand for goods and services, and, as supply and demand finds equilibrium- prices rise, diminishing the purchasing power of each individual dollar. This is generally referred to as ‘inflation’ and inflation is essentially a hidden tax on the public.When the government borrows money from the Fed or when person borrows money from a bank, it almost always has to be paid back with accrued interest. In other words, almost every single dollar that exists must be eventually returned to a bank, with interest paid as well. But, if all money is borrowed from the central bank and is expanded by the commercial banks through loans,is being created in the money supply…. So then, where is the money to cover all of the interest that is charged?
Nowhere. It doesn’t exist. The ramifications of this are staggering, for the amount of money owed back to the banks will always exceed the amount of money that is available in circulation. This is why Inflation is a constant in the economy, for new money is always needed to help cover the perpetual deficit built into the system, caused by the need to pay the interest.
The Fractional Reserve System of monetary expansion is inherently inflationary. For the act of expanding the money supply without there being a proportional expand of good and services in the economy, will always debase a currency..Now, if this realty of inherent and perpetual inflation seems absurd and economically self-defeating… hold that thought, for absurdity is an understatement in regard to how our financial system really operates.
For in our financial system money is debt and debt is money. To put it a different way, every single dollar in your wallet is owed to somebody by somebody; for remember, the only way the money can come into existence is from loans. Therefore, if everyone in the country were able to pay off all debts, including the government, there would not be one dollar in circulation.
A similar event occurred in the year 1837 when the United States was under President Andrew Jackson, It got the name “Panic of 1837” - was a financial crisis in the United States built on a speculative fever The bubble burst on May 10, 1837 in New York City, when every bank stopped payment in specie (gold and silver coinage). The Panic was followed by a five-year depression, with the failure of banks and record-high unemployment levels.
The true terrorists of our world do not meet at the docks at midnight… The true terrorists of our world wear 5000 dollar suits and work in highest position finance, government and business…
Physical slavery requires people to be housed and fed. Economic slavery requires the people to feed and house themselves
It is one of the most ingenious scams for social manipulation ever created, and at its core, it is an invisible war against the population. Debt is the weapon used to conquer and enslave societies and Interest is its prime ammunition.