Comment Re:Question for economics wonks (Score 1) 438
Money is created through the issuance of debt. When you sign up for a mortgage, a car loan, a credit card purchase, etc... you are literally "creating money." Yes, the Fed can create money as well, but they are the lender (money creator) of last resort. The lenders of first resort are the banks. But we must recall that the mega banks control the Fed, so they act in concert.
This chart is the gist of my main message:
http://www.keepandshare.com/doc/4768883/debtmoneytyranny-6-1-pdf-60k?tr=77
Technically, there should be enough money to pay back the debt, the problem is that it isn't evenly distributed. The "money creating" class hoards the money so that everyone else (that's us!) never have enough money to pay back our debts.
Their wealth is our debt. Their bailout is our debt. Bill Gates wealth is other peoples' debt that can never be paid off unless Bill Gates donates his money to pay off the loans that created the money in the first place. The best we can do is play hot potato with the debt... we can never erase it off the books because that requires Bill Gates to use all his money to pay down the debt.
Big Finance Capital (BFC) is bankrupting the Western nations (all of us!) through this fraudulent debt based monetary system. They are sovereign, we are subjugated by this system. Politicians are financed and promoted by BFC, so they won't "spill the beans." The same holds true for the media. Academia is controlled mostly by ignorance of this key point, but there are financial incentives to handle and "rebel rousers."
Spread the word.
There is no way out unless we change the rules of the game and end debt based money. No matter how I slice this problem up, the solution always includes an educated and active populace.