Article Image Fight Club Final Scene

IPFS

The Illegitimacy Of Banking System Debt and How To Screw The Banksters Along With Their Owners

Written by Mike Swatek Subject: Economic Theory

By H8St8 at Pocketnet.app

If someone creates "money" out of thin air, then lends it to you under the pretense that it is real, what do you owe them? They misrepresented the money as having been entirely earned by someone and owed back to them. Meanwhile, in fact, only 10% of that money was actually earned and owed. Then they went on to charge a rate of interest appropriate to their lie. They knew the actual rate of interest they would receive was about 10-times the going rate from an honest person.

That is the criminal enterprise the banking system has been perpetrating. For example, those paying 15% interest on a credit card have been actually paying about 150% interest on the real money which the bank received from somebody who earned it, while they paid about 1.5% or less to that person.

Give this some thought. The money you were loaned was 90% created out of thin air. Then you've been charged an enormous rate of interest on the 10% of deposited money that was loaned by the bank. Meanwhile, they've given you almost nothing for holding your savings. How do you feel about that?

Let's consider a mortgage at a low rate like 4%. The bank has actually been earning about 40% per year on the money which was lent or deposited with them. After a bit less than 2.5 years the entire real principal has been paid to those who earned and deposited it, in the highly unlikely case that the bank was honest enough to do so. The remaining 27.5 years of interest payments are just gravy for the banksters, all perpetrated upon a fraud.

All bank loans are very similar. After a very small fraction of the loan's term, the real principal owed to some person who actually earned the money has already been entirely paid by the interest. So, what do you really owe at that point? How do you feel about paying a government chartered institution who counterfeited the money out of thin air?

The global financial elite with the banking system and governments they own have been building an economic house of cards, higher and higher for over a century. They profit at every step upward, and also were prepared to profit with every financial crisis they engineered. Meanwhile, nearly everyone else gets repeatedly screwed. They're very smart and knew exactly what they were doing with full awareness of the inevitable collapse of their Ponzi scheme with counterfeit money and debt continuously piled upon upon each other. That time has come.

Next they plan to start a new house of cards. This time it will have enough surveillance to assure almost nobody escapes their continuous financial rape and pillaging through interest, fees, taxes and large corporate monopolies enabled by government regulations. Part of the deal will be new money which is cashless for easy tracking and, if you disobey, limitations on your spending. You're expected to continue paying interest for money created out of thin air, transferring to them the little wealth we still have. They want you poor, dependent and powerless so that the few global financial elite with their crony corporations and governments will own everything and have all the power in society.

We still have the ability to take control of this situation.

Screw the banksters and their owners. Get your money out of the bank, while you still can. Stop paying on all debt which isn't owed to a real person or company who actually earned the money lent. If even a small fraction of people do so, it will overwhelm the banking system. The massive financial collapse they've engineered has given everyone cover to stop paying the illegitimate debt. Let's give them what they deserve, good and hard.

Screw the government and its owners. Stop paying taxes so you aren't paying interest on illegitimate government debt either. The collapse has given everyone a perfect excuse. Again, if even a small fraction of people do this, they will be unable to stop it. The money they steal from you is used to commit heinous crimes all over the world and now in your own community. We must stop this madness.

Accept whatever money they throw at you in the next few monthsIt was stolen from you and you deserve it back while you can still get it. Don't become dependent on it though, so you can stop taking it after they start putting conditions on it. Do NOT accept money or an account from any new "benefit" payment system which may be the establishment of a new cashless money and banking system to better control you.

Do business with people and small businesses in your community and online. Pay outside the banking system with cash, barter, precious metals, cryptocurrency or whatever you can. This will starve the globalist owned large corporations and bring economic vitality back to your community.

For money after the dollar collapses, buy silver and gold. Also, in the land currently known as USA, get rolls of nickels, which is the only money today minted for everyday use which is almost worth the metal it contains.

Learn about cryptocurrencies. You'll need to know how to receive, hold and spend them securely. Sell for crypto or buy some from an individual. You can also get it from a decentralized exchange, without KYC (know your customer) information provided, to keep your holdings off the government and banksters' radar.

Here are a few more suggestions beyond screwing the global financial elite along with their banks and governments:

Buy things which will retain value and essentials needed to live for several months.

Now is the time to plant a garden and take control of your food supply for personal independence. Get some help from somebody who knows about gardening and has been successful, otherwise, you may not produce what you need.

Get to know you neighbors. Your community is going to become very important in the months and years ahead. Help each other to the extent that it makes sense. Together you can get through much more than possible alone. There may be some neighbors who you'll learn to be wary of which is good to know early. Don't tell anyone about what you have to survive, unless you plan on sharing it. Otherwise, the unprepared will rationalize taking from you.

Start providing a needed product or service direct to people in your community. Having your own business enables freedom at the highest level.

Most importantly, make sure you have what you need to survive (warmth, water, food, shelter and protection). The government always lets people down and more so the bigger the crisis. Imagine the hurricane Katrina debacle on steroids in you own neighborhood. The checks they send you will become worth less and then worthless because of all their money printing and the price inflation which will follow. They want you dependent upon them, so they can control you. Instead, you need to be as self sufficient as possible, in order to be free.

-----------------------------------------------------------------

Your comments are welcome below the original publication which can be found at https://pocketnet.app/h8st8. Republication is encouraged. Credit back to the original would be appreciated, but isn't necessary.

midfest.info