The Inside Assyria Discussion Forum #5

=> Re: america....a dying nation?

Re: america....a dying nation?
Posted by pancho (Moderator) - Monday, December 6 2010, 18:22:50 (UTC)
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...all true. The paper money needs to be backed by SOMETHING...but whatever that something is, it will be controlled by PRIVATE interests....the whole point is to keep the government from printing it directly, with nothing to back it EXCEPT the government, and thereby doing away with the interest payments...it doesn't matter if it's gold, silver, oil, cheese, sand, coffee, diamonds or shit...so long as whatever it is that backs the money is in PRIVATE hands.

There just isn't enough gold or silver or diamonds or rubies to back all the paper Monopoly money we need to keep the economy going...so oil is the new thing...and when we run out of oil it will have to be something else...but the crux of the problem is not WHAT, if anything, money is backed by but WHO prints it...if the government prints it, private bankers lose out, they may be dying to lend the government money but the government won't need it from them because it prints its own and there are NO interest payments to be made...unless maybe a small amount which could replace taxes, but that's another issue.

Nothing changes if you substitute oil for gold...nothing at all: we'll still go broke making those interest payments.

Imagine you have 100 billion dollars in your cupboard...what possible good is it doing you? Sure, you can invest in stuff, but stuff won't make money for you like interest will, compounded annually...only war makes money faster. If you sit on your money it decreases in value...think of your billions as a house, a very fancy house, but one you don't live in...what good does owning it do you? But, if you can rent it out then you stand to make MONEY while still owning your house...you lose nothing at all, but gain and gain and gain.

Private people who own banks MUST loan out their money...it's no good to them otherwise, they already own everything they could possibly want...and that's the problem: that we borrow from private banks and sources to fund our government, which means our very existence...that's the problem, not oil or gold...and the interest payments will eventually swallow up all the rest of our cash which we need to buy food and clothes with....just as happens when an individual mazes out his credit cards and all his salary isn't enough to pay even the interest.

Hell, once the billionaires loan us the capital, they could care less if they EVER get paid back....because that steady monthly flow of interest, compounded, will make them ten times over what they loaned out.

It isn't oil, it's who prints the money....money that in reality needs nothing to back it, not if the government prints it....Lincoln paid for the Civil War in that way...British bankers rushed in to loan the North money...but Lincoln printed "Greenbacks" and paid for the war with NO interest and no debt...that's also how Hitler created the mightiest army the world had seen, while Germany was in the worst depression in history.

It's a game...all a game. And what the money is backed with is a diversion....part of the game. They say government will print as much money as it needs...what do you suppose private bankers do?...print as much money as WE need? They print enough to a. give them more paper to get even richer and b. maintain their assets at the highest possible level and that means keeping unemployment high, wages low, benefits shrinking, wages sinking, all of which leads to increased poverty etc but most of all social control, which they all love....what possible difference does it make WHAT money is backed by? I mean know certain things flow as a result of money being backed by oil and oil being under Muslim countries etc...but what does that have to do with soaring interest payments which can never be maintained and "belt-tightening" on the poor and middle class while the private bankers wallow in luxury?



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