Posted on 06/24/2013 12:40:28 PM PDT by lbryce
Did you know that you are involved in the most massive Ponzi scheme that has ever existed? To illustrate my point, allow me to tell you a little story. Once upon a time, there was a man named Sam. When he was younger, he had been a very principled young man that had worked incredibly hard and that had built a large number of tremendously successful businesses. He became fabulously wealthy and he accumulated far more gold than anyone else on the planet. But when he started to get a little older he forgot the values of his youth. He started making really bad decisions and some of his relatives started to take advantage of him. One particularly devious relative was a nephew named Fred. One day Fred approached his uncle Sam with a scheme that his friends the bankers had come up with. What happened next would change the course of Sam's life forever.
Even though Sam was the wealthiest man in the world by far, Fred convinced Sam that he could have an even higher standard of living by going into a little bit of debt. In exchange for IOUs issued by his uncle Sam, Fred would give him paper notes that he printed off on his printing press. Since the paper notes would be backed by the gold that Sam was holding, everyone would consider them to be valuable. Sam could take those paper notes and spend them on whatever his heart desired. Uncle Sam started to do this, and he started to become addicted to all of the nice things that those paper notes would buy him.
Fred took the IOUs that he received from his uncle and he auctioned them off to the bankers. But there was a problem. The IOUs issued by Uncle Sam had to be paid back with interest. When the time came to pay back the IOUs, Uncle Sam could not afford to pay back the debts, pay the interest on those debts, and buy all of the nice things that he wanted. So Uncle Sam issued even more IOUs than before so that he could get enough notes to pay off his debts. As time rolled on, this pattern just kept on repeating. Uncle Sam repeatedly paid off his old debts by taking out even larger new debts.
Meanwhile, since the notes that Uncle Sam was using were backed by gold, everyone else in the world decided to start using them to trade with one another. This was greatly beneficial to Uncle Sam, because the rest of the world was glad to send him oil, home electronics, plastic trinkets and anything else that Uncle Sam wanted in exchange for his gold-backed notes.
Eventually, however, the rest of the world started to suspect that the number of gold-backed notes that Uncle Sam was issuing far exceeded the amount of gold that Uncle Sam actually had. So the rest of the world started to trade in their notes for gold.
And by that time Uncle Sam definitely did not have enough gold to back up his notes. Realizing that the scheme was starting to collapse, one day Uncle Sam announced that his notes would no longer be backed by gold. But he insisted that the rest of the world should continue using his notes because he was the wealthiest man on the planet and everyone should just trust him.
And the rest of the world did continue to trust him, although it wasn't the same as before.
As Uncle Sam got greedier and greedier, he started to issue IOUs and spend notes at a rate that nobody ever dreamed possible. The great businesses that Uncle Sam had built when he was younger were starting to decline, and Uncle Sam started buying far more stuff from the rest of the world than they bought from him. The rest of the world was still glad to take Uncle Sam's notes because they used them to trade with one another, but they started accumulating far more notes than they actually needed.
Not sure exactly what to do with mountains of these notes, the rest of the world started to loan them back to Uncle Sam. It eventually got to the point where Uncle Sam owed the rest of the world trillions of these notes. Even though the notes were losing value at a rate of close to 10 percent a year, Uncle Sam somehow convinced the rest of the world to loan him notes at an average rate of interest of less than 3 percent a year.
One day Uncle Sam woke up and realized that the amount of debt that he owed was now more than 5000 times larger than it was when Fred had first approached him with this ill-fated scheme. Uncle Sam now owed more than 16 trillion notes to his creditors, and Uncle Sam had already made future financial commitments of 202 trillion notes that he would never be able to pay. Meanwhile, the notes that Fred had been printing up for Uncle Sam were now worth less than 5 percent of their original value. Uncle Sam was becoming concerned because some of his other relatives were warning that this whole scheme was about to collapse.
Sadly, Uncle Sam did not listen to them. Uncle Sam knew that if he admitted how fraudulent the financial scheme was, the rest of the world would quit sending him all of the things that he needed in exchange for his notes and they would quit lending his notes back to him at super low interest rates.
And if the rest of the world lost confidence in his notes and quit using them, Uncle Sam knew that his standard of living would go way, way down. That was something that Uncle Sam could not bear to have happen.
When a financial crisis almost caused the scheme to crash in 2008, a desperate Uncle Sam went to Fred and asked for help. In response, Fred started printing up far more notes than ever before and started directly buying up large amounts of IOUs from Uncle Sam with the notes that he was creating out of thin air. Fred hoped that the rest of the world would not notice what he was doing.
It seemed to work for a little while, but then an even worse financial crisis came along. Once again, Uncle Sam started issuing massive amounts of new IOUs and Fred started printing up giant mountains of new notes to try to fix things, but their desperate attempts to keep the system going were to no avail. The rest of the world started to realize that they had been sucked into a massive Ponzi scheme, and they lost confidence in the notes that Uncle Sam was using. Suddenly nobody wanted to lend notes to Uncle Sam at super low interest rates anymore, and people started asking for far more notes in exchange for the things that Uncle Sam wanted.
Uncle Sam's standard of living dropped dramatically. Since he could no longer flood the world with his notes, Uncle Sam could not continue to consume far, far more wealth than he produced. Uncle Sam sunk into a deep depression as he watched the scheme fall apart all around him.
Uncle Sam had once been the wealthiest man on the entire planet, but now he was a broke, tired old man that was absolutely drowning in debt. Unfortunately, once he was down on his luck the rest of the world did not have any compassion for him. In fact, much of the rest of the world celebrated the downfall of Uncle Sam.
All of this could have been avoided if Uncle Sam had never agreed to Fred's crazy scheme. And once Uncle Sam made the decision to stop backing his notes with gold, it was only a matter of time before the scheme was going to collapse.
Does this little story sound crazy to you? It shouldn't. The truth is that you are involved in such a scheme right now. In case you haven't figured it out, "Uncle Sam" is the United States, the "notes" are U.S. dollars, and "Fred" is the Federal Reserve.
Please share this story with as many people as you can. Our country is headed for complete and total financial disaster, and we need to get people educated about this while there is still time.
The Doors:Lyrics-This is the End
This is the end
Beautiful friend
This is the end,
My only friend, the end,
Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end
I'll never look into your eyes...again
Can you picture what will be
So limitless and free
Desperately in need...of some...stranger's hand
In a...desperate land
Lost in a Roman...wilderness of pain
And all the children are insane
All the children are insane
Waiting for the summer rain, yeah
There's danger on the edge of town
Ride the King's highway, baby
Weird scenes inside the gold mine
Ride the highway west, baby
Ride the snake, ride the snake
To the lake, the ancient lake, baby
The snake is long, seven miles
Ride the snake...he's old, and his skin is cold
The west is the best The west is the best Get here, and we'll do the rest
The blue bus is callin' us
The blue bus is callin' us
Driver, where you taken' us
The killer awoke before dawn, he put his boots on
He took a face from the ancient gallery
And he walked on down the hall
he Paid a visit to his brother, and then he
He walked on down the hall, and
And he came to a door...and he looked inside
Father, yes son, I want to kill you
Mother...I want to...WAAAAAA
C'mon baby,--------- No "take a chance with us"
C'mon baby, take a chance with us
C'mon baby, take a chance with us
And meet me at the back of the blue bus
Doin' a blue rock
On a blue bus
Doin' a blue rock
C'mon, yeah
Kill, kill, kill, kill, kill, kill
This is the end Beautiful friend
This is the end
My only friend, the end
It hurts to set you free,br> But you'll never follow me
The end of laughter and soft lies
The end of nights we tried to die
This is the end
Who comes up with this sh!t? The history of central banking goes back thousands of years. The concept is simple, and the execution a snap: those who would decide in its favor are simply co-opted with promises of a cut of the spoils.
For those that go along with the program, the reward is untold riches. The fact that a major disruption, perhaps even national dissolution, always occurs downstream is of no concern to them. For as Keynes said, in the long run, they are dead long before the full effects become evident, and rain down ruin upon descendents.
Uh..... I don’t get it. Where do this Sam and Fred live? Are they related ? Does this Uncle want me to sit on his lap ?
(Thanks for posting the article. Pretty good ‘parable’ of the truth).
We can always auction off Hawaii, Alaska, or the left coast.
BTTT
There is no more time. There is no recovery from 17 trillion dollars of debt plus trillions more in government obligations/promises/liabilities. We all know Washington is incapable and unwilling to stop spending. Which of course means they will continue to scrounge every last tax payer dollar they can on the way out the door.
The Keynesian libtard statists will never agree to a 100% gold standard and a free market in labor plus freedom of competition as the way to achieve full employment and end money instability. How will they be able to buy votes without those?
My vote is SS or Global Warming.
“A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army.” We must not let our rulers load us with perpetual debt.”
Thomas Jefferson
bttt
Interestng. I wonder which fiat currency the author prefers over that of the US.
Easy to say, but impossible to defend against. Wise men can provide all the warnings needed, but sooner or later (usually sooner), the concentrated efforts of those who work tirelessly towards power will prevail.
Unfortunately for us, we're the ones holding the bag. After the great re-set, it will be future generations who will once again enjoy free markets before the cycle repeats yet again.
BTTT!
Or NYC, as long as I get out of here first.
“Lay up your treasures in Heaven....”
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