Money and Debt: Why the International Bankers Want You to Be In Debt
Is Debt Slavery a Planned Conspiracy from the Banks?
Being in debt has been for many years now, the American way. It seems that people have come to accept this state of affairs. But it has not always been this way. My father had no debt. My grandfather had no debt. My father was part of the greatest generation and they fought for freedom in WW2. We have a country now that fights illegally for oil and resources. The pie is getting smaller, and there are fewer ways for the oligarchs to make money.
So it is my contention that being in debt is a conspiracy against mainstreet. It is a conspiracy that will ultimately rest with the taxpayer bailing out banks and governments within the USA, which is, again, mainstreet. The profits, as Nouriel Roubini has said, are privatized, meaning that the banks make money. But the losses are socialized, meaning that the banks are bailed out, to lend another day. That is what keeps the oligarchs going or they would be jumping out of buildings as they did in the Great Depression. They don't want that because they would rather that you suffer the debt.
There are a couple of reasons why this oligarchy wants you to be in debt:
1. They make lots of money.
2. They control you politically.
3. They make you less free.
4. They make you open to their schemes for making money. If they can convince you that the war in Iraq is not an oil war, you will want that war.
5. They want perpetual customers as a guarantee of income.
6. They increase the money supply. In our upside down system, debt creation increases economic growth, sometimes just for the debt creators and speculators, sometimes for the economy as a whole. But consumer debt does not increase the economic health of those who borrow as a general rule.
You see, if the bankers ever got to the point where they could not make money lending, the entire system based upon debt would collapse. While a savings based economy would prosper, it would not afford the big bucks that these banksters are making. They make much more money off of a society that needs them than they do off of a society that is debt free.
Never before, in the history of the United States, has debt been such a barrier to freedom. Consumer debt, historically, has progressed from specific purchases, to installment credit, to ponzi loan credit. Each of these steps has left American people more in debt and less able to escape debt. However, the ponzi mortgage attack was the most brazen attack upon the consumer by the banksters. Never have consumers been subjected to this sort of attack.
Not only have consumers been left with perpetual debt, but so has our government. And it has been planned. Banksters make money if governments wage war. That is a crucial lesson. And they make money on the war on terror, which was a concocted war unlike the Cold War. This neocon war is indeed the scourge of our time, and was financed by ponzi lending attacks upon Mainstreet.
Never before in the history of the United States has the financial sector been larger or taken up a greater percentage of GDP.
Cost of Living Is Artificially High. This Contributes to Being in Debt
Bankers start wars to create debt. Also major companies make money, and industry makes money using borrowed money as all this activity is ramped up. And of course, with medical issues that transpire due to war and pestilence, banks make money.
And in peacetime, bankers make money by raising commodity prices, forcing an artificially high cost of living. Then companies financed by the big banks make more money, and people can't afford the added costs and borrow more, with the banks making more money that way.
Ultimately, Mainstreet Americans must realize that the conspiracy to create debt is a war against us, waged by the highest classes with the help of the highest officials in public office. We can only win on an individual basis, by shunning debt any way we are able to do so, by establishing personal responsibility and by teaching our children.
But realize this, the attack by Wall Street with the unfair loans they have given out, gives people the right to walk away from what amounts to a giant ponzi scheme that is legal but that should not be legal. I am not an attorney or invesment counselor but want people to understand the moral correctness of walking away from unfair predatory, ponzi lending.
Government Debt Feeds the Bankers When It Needs to Feed Main Street
In times of deleveraging the individual's balance sheet, government takes on more debt. This is only good if the money is used to attempt to help main street. So far, this excess debt is often used for housing bubbles and war. The Republicans, especially, want housing bubbles and war as a means to build profits for the 1 percent, the elite financiers.
Democrats are not blameless, but have shown that they want to go slow on housing bubbles. We will see how it all plays out.
- The 10 Ways Wall Street Bankers Waged Class Warfare Against Main Street - Business Insider
It's the elite against the rest of us.
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