Unsecured Credit is nothing but . . . air. Banks are supposed to loan MONEY . . . cash money to be redundant. They’re not, by law, allowed to ‘loan credit.’ But The Central Bank aka the Federal Reserve figured out a way to hoodwink people into becoming their slaves. Extend what they’re not, by law, allowed to do . . . credit. And then, on their books, count the credit loaned as an “asset” and use 90% if it to extend additional credit.
The “charts” and the “bottom line” at the banks are FALSE. Why do you think the TARP-Banks are so eager to pay the ‘loans’ back so quickly? They don’t want YOU and ME and the “Common, little people” (said with an British accent, please) to know what’s REALLY going on in the Banking System.
Henry Ford said: It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Slaves in the same sense that the elephant is tied to that small stake in the ground with that small rope.
The article is about a 'slave' revolt.