loutil wrote:Banks are in business to make money.
This is absolutely a great point. It's the central point, the one we cannot forget. Let's look at the biggest bank, a group of banks actually. The Federal Reserve.
Despite the name, there is nothing "Federal" about it. It's not a branch of government. The President appoints the chairman of the Federal Reserve, but the rest of the board is decided by the Fed.
The Federal Reserve is a private corporation. And it's business is to make money for it's member banks.
The central point, which you so perfectly summed up.
But The Federal Reserve can also do something else, something the US government lets them do. Create money. All money created, every dollar, every penny be it printed or created digitally, is created by The Federal Reserve, in the beginning at least. Regular old banks can create money as well, it's called "Fractional Reserve Banking".
Keeping in mind that banks are in the business of making money, answer me this-
If your business is to make money, and you are also given the power to
create money, where does that lead?
Lots of businesses and people are "in the business of making money" and they do so by providing a good or service. But The Federal Reserve makes no goods, provides no services, except to make money by loaning money
they create out of thin air.
And their biggest customer is the US government, of which you, your children, your children's children and the rest of you countrymen who live now and are yet to be born, are the ones who have to pay that money back.
And the real shit kicker, is that when you look at the initial creation of money, you realize that when the government creates a bond, to which they sell to The Fed, who creates the money out of thin air to purchase the bond, The Fed does not create the money needed to pay the interest.
Imagine, at the very beginning, there isn't a single dollar of currency in existence. The government wants $100 created. They create a bond that essentially says "I owe you $100 plus interest" and give it to The Fed. The Fed says, "ok" and $100 is printed. Now you've got $100 to circulate among your citizens to facilitate trade and the government will tax those sales and incomes to pay back The Fed.
So the government taxes everyone until the point they have $100. To the point when every single bit of currency in the system is no longer in the system, but is now ready to be paid back to The Fed. The government gives The Fed the $100 and The Fed says- "Hey, wait a minute, you still owe the interest!" Except the government can't pay the interest because the money to pay the interest
doesn't exist!
So the government has to take out another loan, and from that pay the interest but is now even further in debt. To tax from the people, to pay back The Fed to take out another loan to pay
that interest, to tax from the people to pay back The Fed....
You get the idea yet?
It is a perpetual debt machine that once entered into can never be gotten out of. And through those taxes, through that interest, all paid for by the very currency that The Fed created in the first place, real tangible assets are acquired, real people had to sweat, labor and bleed, it all ends up owned by....the banks.
That goes beyond simply "in the business of making money", doesn't it?
loutil wrote: They are not in business as a tool of social engineering...even if you would like them to be
.
With power like The Fed has, they can do pretty much anything they want, even if it's not in your best interest, just so long as it is in theirs.
One day people, everyone, will realize that the Federal Reserve Notes they carry around in their wallets, their purses, it isn't money. It's a note of debt. A debt owed to, it's right there on the currency, The Federal Reserve. Hence "Federal Reserve Note". Go ahead, look on any bill you have on you. It's right there.
It's a debt based monetary system. And that's a fact.
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