| Author |
 Topic  |
|
|
Newo
~ Abstract Brain ~
Spain
2674 Posts |
 Posted - 11/05/2004 : 08:21:29
|
Imagine a small village that operates only on barter; they have no currency or coins. The villagers realise that if they had a common currency, their economy would benefit as trade would be easier and thus would increase. Along comes a dude from the Federal Reserve Money Printing Company and says, “We’ll give you currency and even put a picture of the chief’s head on the notes.”
“Wonderful,” say the villagers.
The Feds print a million dollars and deliver it to the villagers who sign for what was yesterday worthless paper - now they owe the Feds a million. They have also agreed to pay six percent interest a year for the loan of the money. Of course, it is a trap. The Feds have not printed enough money for the villagers to pay back its interest.
If there was one million dollars printed and it was lent to one village at six percent a year, and if they never spent the money on anything but dutifully paid the $60,000 a year in interest owed, at the end of 16.33 years they would have no currency left, as it would have all been returned to the Federal Reserve in interest. But they would still owe the Federal Reserve the initial one million dollars. It’s a trick. They can never repay the loan. To service the debt in the 17th year they would have to give the Feds part, or all, of the village. Of course, the Feds initial outlay to print the million dollars in notes that they gave the village was about $20,000. Now they have all the notes back, which they can lend to Village #2 while they gradually repossess the wealth of Village #1, which is now in default. In another 16.33 years they can start repossessing Village #2. In the end, all the money and all the property of any village that falls for this trick is bound to wind up with the Federal Reserve Money Printing Company. Over a long enough timeline the Feds will end up owning the world. Their outlay for owning everything is just the cost of printing. The cost is even less for the billions created via Federal Reserve Notes, or the money they create via computers as ‘new’ money that enters the system when it is credited to the accounts of institutions as loans.
Of course, the villagers didn’t keep the money they borrowed stashed away. In fact, they dug a well and built a hospital and a new road, so they went broke a long time before the 16.33 years were up. In the meantime, the workers had to do lots of overtime to create wealth to pay the taxes so the village could pay interest to the Feds’ printing company on what was never anything but phoney paper (wealth). What the poor villagers realised was, if they had bought a printing press, printed their own money, and distributed it among their inhabitants, there would never have been any interest due and instead of everyone working 50 hours a week so they could pay the foreigners at the Federal Reserve, they could have had exactly the same wealth for 25 hours a week.
The Federal Reserve hired some very nasty policemen to make sure taxes were collected, activity was kept up, and interest was paid regularly. This caused a lot of stress and some villagers died. Others couldn’t cope. They took drugs. Families broke up and violence, previously unheard of, broke out. Some villagers took to thieving to make ends meet. Now the village had to go to the expense of hiring their own policemen to keep law and order. It wasn’t long before the villagers began to give up, and as they did they fell even more behind until eventually all the wealth of the village wound up with the Federal Reserve and the villagers died of sorrow.
This is the horrible trick played out on taxpayers year in year out. The Reserve never prints or creates enough debt-free money to pay the interest that is due to them. So, if there is say one million dollars printed and the interest on that is $60,000 per year, there is no extra $60,000 with which to pay the debt. Even if at the end of the year, you could return the million dollars unspent, where would you get the extra $60,000 you owed the Reserve in interest? They only printed the million, not the million plus the interest due - it is Shylock demanding and receiving his pound of flesh through trickery…
Now you can’t use previously printed money to pay the interest that is due as that also owes unavailable interest. The only thing that can happen is that the interest owed gets rolled over to create even more debt, or that the interest has to be paid in goods, not money. So you will have to use real estate, gold, diamonds, shares, and valuables to pay the interest, but not money, as there is no money available with which to pay it. So, as I’ve said, the debt can never be paid. It accumulates until the Reserve owns the world.
Stuart Wilde, God's Gladiators pp.126
--
But whenever, as scholars sometimes do, I turned my back on books, declaring them to be the graveyards of the language, and sought contact with the simple folk, I encountered the little cannibals who lived in our building, and after brief association with them, felt very glad to get back to my reading in one piece.
|
|
|
Stuart
- The Clopser -
China
2291 Posts |
Posted - 11/05/2004 : 09:49:07
|
You utter bastard, I actually thought for a second that you had dedicated a threat to me!
This is a high class bureau de change, not some Punch & Judy show on the seafront at Margate! |
 |
|
|
kathryn
~ Selkie Bride ~
Belgium
15320 Posts |
Posted - 11/05/2004 : 10:59:49
|
That was my thinking, too!
 I still believe in the excellent joy of the Frank |
|
|
|
VoVat
>> Denizen of the Citizens Band <<
USA
9168 Posts |
Posted - 11/05/2004 : 17:36:54
|
I thought he'd just misspelled the name of the baby from Family Guy.
"Signature quotes are so lame." --Nathan |
|
|
|
betty
= Cult of Ray =
USA
258 Posts |
Posted - 11/05/2004 : 22:08:22
|
me too.
love,
betty
|
|
|
|
GypsyDeath
Zapped Profile
3575 Posts |
Posted - 11/06/2004 : 07:18:09
|
quote:
Originally posted by VoVat
I thought he'd just misspelled the name of the baby from Family Guy.
"Signature quotes are so lame." --Nathan
I third that
God forbid I exude confidence and enjoy sex |
|
|
|
Broken Face
-= Forum Pistolero =-
USA
5155 Posts |
Posted - 11/06/2004 : 07:52:10
|
quote:
Originally posted by GypsyDeath
quote:
Originally posted by VoVat
I thought he'd just misspelled the name of the baby from Family Guy.
"Signature quotes are so lame." --Nathan
I third that
God forbid I exude confidence and enjoy sex
fourthed
-brian
- "I joined the Cult of Frank / And they tried to cut off my nuts and make me put on a blue jumpsuit"
|
|
|
|
n/a
deleted
4894 Posts |
Posted - 11/06/2004 : 08:10:11
|
I never judge a thread by it's cover
Frank Black ate my hamster |
|
|
|
VoVat
>> Denizen of the Citizens Band <<
USA
9168 Posts |
Posted - 11/06/2004 : 11:59:32
|
What about by its clover?
"Signature quotes are so lame." --Nathan |
|
|
|
n/a
deleted
4894 Posts |
Posted - 11/06/2004 : 12:05:49
|
well gosh, that is some mighty fine clover
Frank Black ate my hamster |
|
|
|
shineoftheever
> Teenager of the Year <
Canada
4307 Posts |
Posted - 11/06/2004 : 16:27:13
|
quote:
Originally posted by Broken Face
quote:
Originally posted by GypsyDeath
quote:
Originally posted by VoVat
I thought he'd just misspelled the name of the baby from Family Guy.
"Signature quotes are so lame." --Nathan
I third that
God forbid I exude confidence and enjoy sex
fourthed
-brian
- "I joined the Cult of Frank / And they tried to cut off my nuts and make me put on a blue jumpsuit"
fifthded!
 "tk-tk-tka-chk-ch-tk-tttt-whaaa-chk-tk-tk" |
|
|
|
VoVat
>> Denizen of the Citizens Band <<
USA
9168 Posts |
Posted - 11/06/2004 : 18:18:41
|
Fifthed? Come on! This is getting ridiculous!
"Signature quotes are so lame." --Nathan |
|
|
|
freakin phreak
- FB Fan -
161 Posts |
Posted - 11/06/2004 : 19:28:31
|
| sixthed |
|
|
|
toeknee
= Cult of Ray =
United Kingdom
281 Posts |
Posted - 11/07/2004 : 06:57:46
|
| I second freakin phreak's sixthed |
|
|
|
billgoodman
>> Denizen of the Citizens Band <<
Netherlands
6214 Posts |
Posted - 11/07/2004 : 09:27:26
|
I thought this was about sting
and then I put my glasses on and saw
stuie
 "I joined the cult of Jon Tiven/Bye!" |
|
|
|
apl4eris
~ Abstract Brain ~
USA
4800 Posts |
Posted - 11/24/2004 : 10:03:32
|
Newo, I have been looking into this stuff again lately, and thought you might find this interesting as well, if you're still on this subject in your musings.
http://www.wealth4freedom.com/truth/2/McFadden.htm
www.blackboxvoting.org |
|
|
|
PsychicTwin
* Dog in the Sand *
USA
1772 Posts |
Posted - 11/24/2004 : 17:46:35
|
7th'd
just to keep the streak going |
|
|
|
Newo
~ Abstract Brain ~
Spain
2674 Posts |
Posted - 11/25/2004 : 12:30:32
|
Thanks apl, I'm gonna take this home have a read of it.
--
Maze rats dreamed of mazes, according to the latest studies. Maze rat scientists dreamed of rats. I was dreaming of cheese. |
|
|
|
Homers_pet_monkey
= Official forum monkey =
United Kingdom
17125 Posts |
Posted - 12/23/2004 : 11:02:58
|
8th'd
Help me! He keeps making me post!
|
|
|
| |
Topic |
|
Stuie
