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[We
have argued here before that it
is lies, systematic fraud and blatant duplicity by the central banks that have kept the global economy afloat in recent years. In the essay below, a regular in the Rick’s
Picks forum who goes by the handle
‘Buster’ provides as succinct and elegant an explanation of this as we have seen. His thoughts
were originally published in the forum, but we
are reprinting them below because they deserves a wider audience.
RA]
America is a great country. As with any business, its success is based
on the balance of its assets
against its liabilities. Its assets are a plentiful supply of natural resources; land & minerals,
plus 300 million specimens of the most creative creature on planet Earth.
These assets are
hindered by one main liability,
a ruling class who imported a monetary
system of theirs from
Europe a while ago. It is a non-free market system which is enough
of a hindrance to negate
all the positives of any country in time. A simple enough system to understand, yet very seldom
understood, even by the most intelligent among us, it would seem.
It operates on the simple rule
that currency is borrowed into
existence with interest bearing on it at a given rate. The critical point to recognise is that the interest
owing is not issued by the lender, only the principal, thereby meaning that the interest either has to be paid out of the sum of principal borrowed, or
by confiscation of real physical assets, i.e. “real wealth”.
The only thing keeping this eventuality from occurring is if a new borrower adds more money, borrowed as yet more debt, into the economy.
This is why such a monetary
system requires ever more
investing manias to perpetuate
itself. After exhausting the supply of manias
of things of no real consequence
such as tulips, the wizards of this system centered mostly around a company known as Goldman Sachs, moved
on to turning very critical wealth into the biggest mania in history, i.e. the buildings we
all live in. Once this mania had
run its course to the extreme by changing the rules or committing outright financial fraud as we now
know, and no new borrowers could
be dragged in off the street, the “flaw”
in the system became manifest,
as the interest payments were not being covered by new money borrowed into the economies of the
world.
Boiling of the Frog
Now things got interesting. Since not enough currency is in existence to cover all the debt owed to the lender, then the assets, real things or “real wealth,”
are now owed to the lenders. The problem with this is
that if the lenders acted upon this
fact the populations of the developed
world would quickly realise that they are all in fact broke, as all property would get consumed
by the Banksters as repayment,
leading no doubt to a
world-wide revolt against the secret overlords of
this system. So, instead
of this, things have been
manoeuvred to allow a more gradual slow “boiling of the frog,” or austerity programs coupled with placing ex-Goldman Sachs employees into key government positions across the
western world.
On an accounting
level, huge bail-outs will continue to be necessary to keep the system’s head above water, or rather to keep those within “the
club” in the lifestyles they
have become accustomed
to, perpetually unless or
until a new bigger mania is devised that
could add enough borrowed debt currency into the system to cover the current interest payments, but bringing more burden in so doing. The carbon credit system is possibly such a new mania?
Greenspan Detected
a ‘Flaw’
Alan Greenspan famously
said that they found a flaw in their financial model. Yeah, right! The flaw
was the very foundation of the model deliberately
designed so centuries ago. Understanding of this “flaw” is the last thing the powers that be
wish for the masses to acquire.
Simply put, due to the fact
that only the principal is borrowed into
existence, not the interest, the result is never-ending
debt allowing that the real wealth of miners, farmers, builders, engineers, fisherman and any other positive endeavour to be taken for free by those in “the club” via theft
or fraud.
Some, educated
to think just as the Wizards have designed, will argue that this is a simplistic
way of seeing things, citing their training in financial models and graphs, yet all deliberately designed to
confuse and hide the simplicity
of it all. As Ricks Hidden Pivot Method [of technical analysis] no doubt demonstrates, the
intelligent see just the complexity, but the wise find the simplicity.
America, as every
country exists in a world of unimaginable
abundance and we humans are blessed with the minds to realise it. We’re
just presently snookered by a self-seeking
“liability” that
thwarts it.
May we all
one day realise that abundance.
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