Banks create money out of nothing…because it is essential nothing. If you want a loan then banker will press a few keys on his or her computer and that money is ‘miraculously’ conjured out of thin air. It is transferred to your account and you can use it to purchase stuff like the good little consumer you are encouraged to be. The problem is, you now have to not only repay that imaginary money, but you the interest it accrues. Money is not wealth — it’s debt. Now, if a regular Joe starts printing bank notes, lending them to people and expecting them to repay with interest, he’s deemed a criminal and will be locked up. But if a bank does it, it’s perfectly legal, even though there’s very little difference. Because money is created out of thin air and has no gold or silver reserve to back it up, it’s clearly unreal. Yes, it’s represented by currency, by bank notes and coins, but those in themselves only have value because we all pretend they do. Money is a total invention. It’s make-believe. Yet we’re all enslaved in a system based on this lie — a system that’s causing untold misery and destruction and which is inherently unsustainable by its very nature. The world recession is the result of the criminal greed of the banking system which we all accept as legitimate because that’s what we’ve always been told and assumed to be true — just as we’ve always assumed that money is real and not just the abstract fantasy that it is. The entire fiat monetary system is essentially a Ponzi scheme…which is ironically illegal in many countries because it’s an out-and-out scam. Fiat money is based on debt and rooted on the assumption of continual, endless growth — which is clearly unsustainable in a finite world with finite resources.
Posted on: Sun, 29 Sep 2013 16:47:59 +0000
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