Posted on 12/01/2014 12:03:43 PM PST by SeekAndFind
From the dawn of history, elites have always attempted to enslave humanity. Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of those that they are able to subjugate. If you are forced to build a pyramid, or pay a third of your crops in tribute, or hand over nearly half of your paycheck in taxes, that enriches those in power at your expense. You become a “human resource” that is being exploited to serve the interests of others.
Today, some forms of slavery have been outlawed, but one of the most insidious forms is more pervasive than ever. It is called debt, and virtually every major decision of our lives involves more of it. For example, at the very beginning of our adult lives we are pushed to go to college, and Americans have piled up more than 1.2 trillion dollars of student loan debt at this point. When we buy homes, most Americans get mortgages that they can barely afford, and when we buy vehicles most Americans now stretch their loans out over five or six years. When we get married, that often means even more debt. And of course no society on Earth has ever piled up more credit card debt than we have. Almost all of us are in bondage to debt at this point, and as we slowly pay off that debt over the years we will greatly enrich the elitists that tricked us into going into so much debt in the first place. At the apex of this debt enslavement system is the Federal Reserve. As you will see below, it is an institution that is designed to produce as much debt as possible.
There are many people out there that believe that the Federal Reserve is an “agency” of the federal government. But that is not true at all. The Federal Reserve is an unelected, unaccountable central banking cartel, and it has argued in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act. The 12 regional Federal Reserve banks are organized “much like private corporations“, and they actually issue shares of stock to the “member banks” that own them. 100 percent of the shareholders of the Federal Reserve are private banks. The U.S. government owns zero shares.
Many people also assume that the federal government “issues money”, but that is not true at all either. Under our current system, what the federal government actually does is borrow money that the Federal Reserve creates out of thin air. The big banks, the ultra-wealthy and other countries purchase the debt that is created, and we end up as debt servants to them. For a detailed explanation of how this works, please see my previous article entitled “Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand“. When it is all said and done, the elite end up holding the debt instruments and we end up being collectively responsible for the endlessly growing mountain of debt. Our politicians always promise to get the debt under control, but there is never enough money to both fund the government and pay the interest on the constantly expanding debt. So it always becomes necessary to borrow even more money. When it was created back in 1913, the Federal Reserve system was designed to create a perpetual government debt spiral from which it would never be possible to escape, and that is precisely what has happened.
Just look at the chart that I have posted below. Forty years ago, the U.S. national debt was less than half a trillion dollars. Today, it has exploded up to nearly 18 trillion dollars…
But the national debt is only part of the story. The big banks which control the Federal Reserve also seek to individually dominate our lives with debt. We have become a “buy now, pay later” society and the results have been absolutely catastrophic. 40 years ago, the total amount of debt in our system was just a shade over 2 trillion dollars. Today it is over 57 trillion dollars…
The big banks do not loan you money because they want to help you achieve “the American Dream”. The elitists loan you money because it will make them wealthier. For example, if you only make the minimum payment on a credit card each month, you will end up paying back several times as much money as you originally borrowed. It is a very insidious form of debt enslavement that most Americans simply do not understand.
Meanwhile, the Federal Reserve is also systematically destroying the wealth that you already have. If you try to buck the system and actually save money, the purchasing power of that money is continually being eroded by the Federal Reserve’s inflationary policies. The following chart comes directly from the Federal Reserve and it shows how the value of the U.S. dollar has plummeted over the past 40 years…
Overall, the U.S. dollar has lost approximately 98 percent of its value since the Fed was first established in 1913.
Most people seem to assume that if we could just send the “right politicians” to Washington D.C. that we could get our economy back on the right track.
What those people do not understand is that our system is fundamentally broken. We are trapped in a perpetual debt spiral that is destined to end in a horrifying collapse. Just “tweaking” a few things here or there and adjusting tax rates a bit is not going to fix anything. The vast majority of the “economic solutions” that our politicians talk about are basically equivalent to rearranging the deck chairs on the Titanic.
And of course the elite don’t want the rest of us to truly understand what is going on. Just think about it. Even though the Federal Reserve is one of the most important institutions in our society, and even though it is at the very heart of our economic system, our kids are taught next to nothing about the Fed in school. The vast majority of them have absolutely no idea where money comes from.
Isn’t that pathetic?
But the elite know that if we did understand what they were doing to us that most of us would start to get very upset. Henry Ford, the founder of Ford Motor Company, once said the following…
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”
Please share this article with as many people as you can. The truth sets people free, so let us do what we can to wake our fellow Americans up to this insidious debt enslavement system which dominates our society.
I first heard about this on Tony Brown’s Journal in the 1980s.
This is the fundamental fact.
The owners’ identities are ultra top secret.
>>Today, some forms of slavery have been outlawed, but one of the most insidious forms is more pervasive than ever. It is called debt, and virtually every major decision of our lives involves more of it. <<
Not smart people. My only debt is a mortgage — although I could have paid cash it is 3% which is damn near free money (and it will be paid off 5 years from now, making it a 7 year loan).
If I can’t pay cash, I do the un-American thing: I DO WITHOUT!
This family owes not one single penny in debt. Not even a penny.
Usury is the work of the devil. As Aristotle said, money is sterile. It cannot generate anything and when it is used to create interest without the lender assuming risk, the whole freakin monetary system turns labor into the permanent underclass.
You ain’t seen nothing yet. Just wait till the feds control all the water in the country.
‘or hand over nearly half of your paycheck in taxes’
When we were first married, I worked in Britain. As I was not registered in my field over the, I was allowed to work, making a very low salary. VERY LOW. And my tax from the UK Govt was 50%. And the tax brackets went up from there......and no deductions. The Govt took from your paycheck whatever it wanted and sent you a post card once a year telling you how much in taxes you had paid. Socialism destroys ambition. It sucks the life out of you......and it has been taking over this country.
I haven’t thought of that oldie in years. The only time I watched it was on Friday afternoon program feeds back in television engineering land up till 2007 or so.
Banks have figured out at least since the American civil war, that if you hedge your bets by bankrolling both sides, you can’t lose, since you now got the winner by the short and curlies.
>>Usury is the work of the devil. As Aristotle said, money is sterile. It cannot generate anything and when it is used to create interest without the lender assuming risk, the whole freakin monetary system turns labor into the permanent underclass.<<
You really don’t understand that “capitalism” thingy, yes?
bfl
An excellent article.
More exposure of the “capitalism vs. communism” and “Republican vs. Democrat” myths which held us spellbound for so long.
Socialism Is Legal Plunder - Bastiat
DEPOPULATE socialists from the body politic.
DEFUND/DISMANTLE their collectives, foreign and domestic.
live - free - republic
Fully aware of, and a big fan of free market capitalism and it can exist without the extreme debt and high interest we have become slaves to. The Fed just issued $1 trillion in T-bonds for debt payments. Read about the Farmers Alliance in Texas after the Civil War. Every penny on the planet is now fiat. It’s all BS. Something’s going to bust and I think you are smart enough to know that.
And yet, last year, the private bank "shareholders" received $1.6 billion in dividends while the U.S. government received $79.6 billion.
>>Fully aware of, and a big fan of free market capitalism and it can exist without the extreme debt and high interest we have become slaves to. <<
OK, maybe I am not tracking here. My morgtage is around 3% and I pay zero credit card interest since I pay them down to zero every month.
As I said, I pay cash for everything else.
But interest is a capitalized risk analysis. If you want the man’s interest, don’t ask for the man’s money.
bump
What are income taxes if not slavery? Trying working for a living and NOT paying taxes. You’ll go to jail.
Yes. One does have a choice whether or not to borrow money. With income taxes, you have no choice.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.