“The exact mechanism that transfers $1 trillion annually from taxpayers to bondholders”
Money buys less every year and has for over 85 years.
Inflation is a fact of life.
If stuff and services are going to go up in price by 4% each year, I’m going to want at least 4% on my CDs.
I’m not really making any profit as after two years the principal will buy 8% less.
And somehow, over the same period, we saw the scientific and industrial revolutions, which lifted and improved the lives of ordinary people more than at any other time in history.
Somehow, all this banking conspiracy resulted in more people living better than ever before.
Funny about that.... Makes me very skeptical about the theory...
The federal debt is ~$110,000/American resident.
The federal debt is ~$240,000/American worker.
The federal debt is ~$300,000/American citizen worker.
The federal debt is ~$400,000/American citizen full-time worker.
The ability to sell debt to foreigners will end soon.
The immigrants aren’t going to stick around to get $250,000 plucked off of each of them on average.
Adding immigrants doesn’t add to Western nation creditworthiness, it decreases it.
Things happened before 1971, sure. But the World then had a sensible, predictable and workable financial structure.
Then the Johnson administration kicked things in 1968 by ceasing to honor US Silver Certificates, giving us instead Federal Reserve Notes. Soon followed by formally going off the Gold Standard in 1971.
Since then, and not just in the USA, it’s been the managed yo-yo of FED rates high-Fed Rates low, accompanied by Wall Street busts/booms. Central banks the world over joined the fiat money & credit scam.
Those not on the yo-yo lived on Main Street, where their yo-yo only went ever lower, on balance.
Thanks, but no transcript? Not your fault but i can read information far quicker and with more information than on vid (finding a valve on a car would be different) and share excerpts.
Money is an illusion. Fiat money doubly so.
Sovereign debt and money supply are not to be confused w/business or individual loans, even though banks are involved in all of those scenarios.
When I see what appears to be a general disdain for banks concurrent with a mention of the Rothchilds, I presume this is a socialist presentation that sprinkles in some anti-semitism in hopes of convincing those disappointed souls in free market economies that their country is evil - it’s not your fault you can’t get ahead, it’s those pesky jews running everything! Vote for socialists and everything will be fair!
I won’t pretend to understand all of finance, however, at the business and personal level I do understand it.
If I can get a loan to start up a business, as long as the rate of my revenue exceeds the rate of expenses, there is good chance of success.
However, if instead of getting a loan, I try to save up all that money so I don’t have to pay a penny of interest, I’ll probably die before I have enough to cover the startup costs, and therefore never get a chance to begin.
It’s perhaps an unintended consequence that YouTube now has a wide range of videos on “off limits” subjects that the Ruling Class never wanted the peons to see.
Means they don’t have to slog through G. Edward Griffin’s rather dense prose (or be lectured by Wokipedia that he’s a “conspiracy theorist”), or major in Economics at Wharton to find out what everyone in the banking biz knows: we’ve all been sold as collateral for the Reserve Bank’s fabrication of “money”.
So this video is still a bit sketchy on the connection between money creation and bond issue, but the simplest point is this: the people on the hook to pay the bond interest is...us. Whether we like it or not.
There’s a reason the Reserve bank and the Income Tax were both created in the same year. The one collateralizes the other, with the future labor of the captive, free range tax cattle known as “the Americans”.
Yep, absolutely. Owning and enslaving the world through debt.
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Sent this to almost everyone I know. It ecplains WHY the world operates as it does today. Total money-hungry, completely ruthless bankers.
Sent this to almost everyone I know. It explains WHY the world operates as it does today. Total money-hungry, completely ruthless bankers.
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