Post by toxic32 on Jul 6, 2017 9:19:06 GMT 10
At one time in the not too distant past, the UK and the USA set the standard in the world that controlled the value of the world's currencies. Gold was used to back up any $ or £ that was issued. You couldn't print more currency/promissory notes than you have gold reserves to support it. In the UK every bank note carried a promise to pay the bearer of the note on demand the face value of the note in gold. You could walk into any bank in the UK and ask for the value of the note in gold. But both countries dropped the gold standard.
The gold standard ended on August 15, 1971 in the USA. That's when Nixon changed the dollar/gold relationship to $38 per ounce. He no longer allowed the Fed to redeem dollars with gold. And on September 19, 1931, Britain to abandon the gold standard.
What this means and most younger people don't understand is! It allows governments to print money whenever they want to without anything to support it! And as long as we all go along with the scam and nobody rocks the boat! All is well.
When you deposit money in the bank you think it's relatively safe don't you! But banks will only guarantee to pay you back £75,000 in the UK and $250,000 in America. If the scam fails and people rush to the bank to withdraw their savings all they will get is the 75 or the 250 they guarantee! Why do you think that is? It's because there is only a limited amount of printed money in circulation. And if everybody wanted their money back it doesn't exist to pay it back. Even if they wanted too. The rest of the money we deal in, just exists as digital money on computers in the system. It's not real money. It's worthless as is your printed money.
When a country goes to the IMF for a loan to support their countries economy, the IMF doesn't send a convoy of trucks full of cash to bring the money they loaned your government! They just tap on a computer and the amount loaned is transferred into a government bank account who then give it as a credit to commercial banks. It's not real money there is nothing backing it up. When governments issue bonds to raise money! Have you ever thought what that really means? Your country is selling your future labour and the peoples in it until the loan is paid back. That's why they are called bonds. Debt bondage, also called bonded labour or debt slavery, is the most common form of modern slavery. Despite this, it’s the least known.
Debt bondage occurs when a person is forced to work to pay off a debt. They are tricked into working for little or no pay, with no control over their debt.
Most or all the money they earn goes to pay off their loan. The value of their work becomes invariably greater than the original sum of money borrowed. They face coercion, violence, intimidation if they try to leave. Revolutions is the only way to break these bonds.
Think about it. You go into a bank and bow and scrape to get a loan to buy a house. If the bank agrees to give you a loan all they do is key in an amount on your account and create a debt on your account for the amount you asked for. That money doesn't exist! They have just created that money out of fresh air. Then it moves around the system as if it's not real money. But it becomes part of the assets of the bank. As you pay it back that money starts to disappear as if by magic. It doesn't really matter because it never existed in the first place.
If you fail to make the payments back they will take possession of your house. But if you have (for the sake of argument) 500,000 in your savings account and the banks fails you will only get the £75,000 back and will not be able to take possession of any assets they may own. Yet again a one-way street?
As long as we are all happy to go along with the scam all is well. But if any country tries to rock the boat they will be invaded and silenced, Libya wanted to start selling their oil for gold as did Iraq and other countries around the world. They have all been invaded......
When the scam starts to fail and it will soon. The rich and powerful will have already got a bolt hole to run to. Once the money is recognised for what it is! Worthless. The only thing of value will be items that can be bartered. Gold and silver have always had a value and that may continue for a short while. but you can't eat gold and silver, can you? People won't work for a worthless currency so where will you get your water and power from when it all shuts down. Would you work for money that is worthless once you know it won't buy you anything? No of course not. So what makes you think that people running all the systems you currently enjoy and never think about will work for fuck all?
The gold standard ended on August 15, 1971 in the USA. That's when Nixon changed the dollar/gold relationship to $38 per ounce. He no longer allowed the Fed to redeem dollars with gold. And on September 19, 1931, Britain to abandon the gold standard.
What this means and most younger people don't understand is! It allows governments to print money whenever they want to without anything to support it! And as long as we all go along with the scam and nobody rocks the boat! All is well.
When you deposit money in the bank you think it's relatively safe don't you! But banks will only guarantee to pay you back £75,000 in the UK and $250,000 in America. If the scam fails and people rush to the bank to withdraw their savings all they will get is the 75 or the 250 they guarantee! Why do you think that is? It's because there is only a limited amount of printed money in circulation. And if everybody wanted their money back it doesn't exist to pay it back. Even if they wanted too. The rest of the money we deal in, just exists as digital money on computers in the system. It's not real money. It's worthless as is your printed money.
When a country goes to the IMF for a loan to support their countries economy, the IMF doesn't send a convoy of trucks full of cash to bring the money they loaned your government! They just tap on a computer and the amount loaned is transferred into a government bank account who then give it as a credit to commercial banks. It's not real money there is nothing backing it up. When governments issue bonds to raise money! Have you ever thought what that really means? Your country is selling your future labour and the peoples in it until the loan is paid back. That's why they are called bonds. Debt bondage, also called bonded labour or debt slavery, is the most common form of modern slavery. Despite this, it’s the least known.
Debt bondage occurs when a person is forced to work to pay off a debt. They are tricked into working for little or no pay, with no control over their debt.
Most or all the money they earn goes to pay off their loan. The value of their work becomes invariably greater than the original sum of money borrowed. They face coercion, violence, intimidation if they try to leave. Revolutions is the only way to break these bonds.
Think about it. You go into a bank and bow and scrape to get a loan to buy a house. If the bank agrees to give you a loan all they do is key in an amount on your account and create a debt on your account for the amount you asked for. That money doesn't exist! They have just created that money out of fresh air. Then it moves around the system as if it's not real money. But it becomes part of the assets of the bank. As you pay it back that money starts to disappear as if by magic. It doesn't really matter because it never existed in the first place.
If you fail to make the payments back they will take possession of your house. But if you have (for the sake of argument) 500,000 in your savings account and the banks fails you will only get the £75,000 back and will not be able to take possession of any assets they may own. Yet again a one-way street?
As long as we are all happy to go along with the scam all is well. But if any country tries to rock the boat they will be invaded and silenced, Libya wanted to start selling their oil for gold as did Iraq and other countries around the world. They have all been invaded......
When the scam starts to fail and it will soon. The rich and powerful will have already got a bolt hole to run to. Once the money is recognised for what it is! Worthless. The only thing of value will be items that can be bartered. Gold and silver have always had a value and that may continue for a short while. but you can't eat gold and silver, can you? People won't work for a worthless currency so where will you get your water and power from when it all shuts down. Would you work for money that is worthless once you know it won't buy you anything? No of course not. So what makes you think that people running all the systems you currently enjoy and never think about will work for fuck all?