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RE: [Response] The Federal Reserve: A Bankster's Wet Dream
Thank you...Outstanding! The banksters do indeed have a "golden parachute" already in place...You can count on that! They're very patient, look at how long it took them to get the Fed in place. My point about turning in banknotes for gold was that they saw an opportunity and took it...I'm in no way defending European banks, they're the parents of ours. Rothschilds, Warburgs, et.al., waited decades to get their hands on our economy. What Jefferson, Jackson, Ron Paul and many others realize (d) is that fractional reserve banking is doomed to failure. It is designed to make huge profits for some at the peril of the citizenry. It's a take the money and run ponzi scheme. Thank you for taking the next step...once again, great job!
Oh, no, I hope it didn't read like I thought you were defending the European banks; I didn't think that at all! I was merely pointing out that we have solid reasons to believe that they acted in concert with the Fed to achieve a mutually desired outcome, not that this was just some unfortunate happenstance.
I will nitpick a bit on calling central banking a ponzi scheme, though. Compared to central banking, a ponzi scheme is a clumsy, myopic, and even merciful, fraud. Central banking is a brilliant scheme in which the fraud is so subversive, so covert, that the people being harmed the most (these are always the working poor, as they are the last to receive the new currency, after it has already raised prices) have the least idea of what is being done to them.
Editorial Note -- The remainder of this comment explores that idea further. Once I get going, I have trouble stopping! I hope my discussion is valuable; I do not intend it to be condescending that I spend so many lines developing this rebuttal.
When currency fabrication is performed continuously, as it is now, it creates what I refer to as the treadmill effect, where the money the working poor earn is devalued by the time they spend it, and increasingly so the longer they take to spend it (i.e. they have to keep running faster, or get dumped off the back of the treadmill). Their margins are low, meaning they cannot afford to save, and even if they could, they could save so little that inflation would destroy their savings' value faster than they could accumulate savings. This locks them into a continuous cycle of frantically working harder and harder, creating more and more value, just to continue to meet their basic needs, and exploits the fact that the human brain is inhibited, making holistic understanding and rational thought (such as is needed to understand the currency system) more difficult when basic needs are still a concern, as the brain is continuously distracted by the higher priority needs of food and shelter, rather than the comparatively unimportant endeavor of philosophy and manipulating abstractions. To compound this, they have no time to acquire the knowledge necessary to develop the abstractions, much less to manipulate them.
Finally, although the treadmill effect is greatest for the working poor, it is present for all workers, which causes the middle class to slowly descend into poverty over time as well, as bad luck (job loss, unexpected expenses, etc) slowly picks them off and drags them into deeper poverty.
Central banking, in all of its horrific glory, is one of the most brilliant, complex, and self-preserving inventions of pure evil that I have ever seen or could imagine. It is, however, unsustainable: because the working poor create less value per time spent than the middle class (I can elucidate this phenomenon if necessary), central banking slowly destroys its own energy source as it continuously renders the masses poorer and poorer, and thus less and less productive, until they simply starve off, or get on welfare, which means they become an expense, increasing the burden on the workers. It is a superlative tragedy and travesty that central banking devours its victims first throughout it's prolonged self-immolation, leaving its perpetrators alone stable and healthy when it does at last implode the economy and grind to a halt.
I am often incensed and enraged when I consider the workings of that machine, and understanding its operation has imposed upon me a moral imperative to fight it whenever and however it is in my power to do so.
As always, thanks for reading and engaging! :)
I used ponzi scheme not in a literal sense but to point out the inherent criminality, both in design and execution. Perhaps a bad choice of words. As for acting in concert, I believe we have the exact same cast of characters. All seem to be related somehow, through marriage or some other means...certainly related as far as intent goes, they use the same playbook. The working poor are forced into debt to insure that they own nothing. Next come the middle-class, the one factor necessary to sustain any rational economic system. 50 years ago people in the middle class owned their homes, now they are leveraged out of them by mortgages (most will be lucky indeed to pay off). Our economy is based currently on a debt bubble...when it implodes, the banksters will have what they always wanted...everything!