Before I left Brazil, where I’d been living for a number of years, I decided to sell a couple of paragliders that I owned. I knew I’d get a better price for them in Brazil. These gliders were the latest models and very sought-after. After advertising them, somebody turned up and paid for them in cash. The trouble was, I was left with piles of Brazilian Reais that I couldn’t make up my mind what to do with.
I made the mistake of giving my wife this money to look after. A couple of days later, while out shopping, my wife decided to have a look in a very expensive shoe shop that she was fond of. It didn’t take her long to persuade me to let her buy a pair of these shoes with the money I gave her to look after. Unfortunately, my wife couldn’t make a final decision between two pairs of shoes, so she bought them both.
It was handbags next and then more shoes, then more handbags and very soon my two beautiful paragliders had been very efficiently converted into shoes and handbags.
This may sound like a bad deal, but it could have been much worse. Imagine if I’d given my wife a nice shiny new credit card! This is the stuff of nightmares; not only would there be a whole pile of new and expensive shoes and handbags, I’d be paying the interest on the money for the rest of my life. As horrifying as this scenario is, it is what our government does to us every day of our lives.
If you have a look on the Internet you’ll find many videos and articles about the central banking system, such as this one here:
This video makes the central banking system seem very noble and states: “Most central banks are owned by their country’s government.” This is deliberately designed to be misleading I think.
According to Encyclopaedia Britannica: “A Federal Reserve bank is a privately owned corporation established pursuant to the Federal Reserve Act to serve the public interest”.
Again it sounds very noble but what makes this particularly significant is the fact that US dollar is still for now the world reserve currency. The Bank of England was once privately owned but is now mostly owned by the government. However it doesn’t have the power it once did and much of the money that passes through it is private money. Other countries have different relationships with their central banks.
Perhaps the government is responsible for creating currency but have a contractual obligation to then supply their central bank this money at a reduced rate of interest. This is something that is not much discussed but it is a Machiavellian web that is very misleading to most people; there aren’t many, including myself, who really understand the central banking system, I think by design.
The bottom line is that money is created as debt, see here: “Money As Debt Full Length Documentary”.
Whenever a government spends money it’s against future taxation and your children are born into debt. This is a complex can of worms and so I’ll concentrate on one particular aspect of this.
The award winning documentary ‘Inside Job’ [2011 | US] by the veteran crusader, Charles Ferguson, is the most insightful and illuminating amongst a number of such attempts that deal with the global financial crisis, which is wrecking lives and economies across the world to this day.
Excerpts from the above film can be found in this video here, a real eye opener in itself. “The Biggest Bank Heist Ever!”
In the seventies, the US and most of the world’s central banks moved away from the gold standard and their currencies effectively became worthless fiat currencies, but at least they had to be printed. Now all it takes is a few taps on a computer keyboard.
When the financial genius Gordon Brown created seven hundred billion pounds in worthless fiat currency at the time of the 2008 financial crisis, he encumbered we the people with a massive amount of debt repayments. The bankers however had masses of liquidity. They were soon back to paying themselves massive bonuses, exchanging worthless currency for tangible wealth, corporate takeovers, agricultural land, real estate and even private islands.
This is why we must destroy our world with growth-based economic models and why the rich get richer and the poor get poorer. It has to be this way to feed the debt-based Ponzi scheme.
One of my favourite quotes from the video is this one:
“In addition to all the suffering it caused, the worst outcome of the crisis is that, when the public loses faith in its leaders, in their institutions and in their services, apathy replaces fraternity, elections become farcical, democracies therefore fail and anarchy ensues.”
Great Britain once had the world reserve currency, but reserve currency status tends to ultimately bleed its host country dry as the debt gets increasingly massive and unrepayable. Since we lost reserve status, we’ve been discarded and on a long slow trajectory of decline.
As the world is very quickly now moving away from the US dollar, it is well on its way to losing its reserve currency status and the chaos that will ensue as it’s left with approaching twenty two trillion dollars of what will be unserviceable debt. The bankers will set up shop elsewhere as soon as they’ve bled their host dry like the vampires that they are.
As for the anarchy mentioned in the above quote, with the Yellow Vests out in force on the streets of France and probably similar events soon to occur here in hopefully once again Great Britain: well, I think we’re just about there.
If there’s one thing to take away from this, it is that: if you want a better country in which to live, never vote for the mainstream (LibLabCon) political parties again. Vote for a political party that will represent the people and not the banks.