I never really thought about it until I heard this.
“What is money? Money is a nonexistent theoretical force that does not, nor will ever exist except in THEORY on computer screens and people’s brains. People die and starve because they do not have enough digits on a computer screen. It’s incredible, its extraordinary, and its grotesque but its true. How is money created? theres another big question. People will say well its governments its this its that NO! It’s private banks lending NONEXISTENT money called credit.”
When you go to a bank and borrow $20,000 no one goes into the back and prints any money, they don’t hand you a big stack of bills, no precious metals are transferred…it just types into your account $20,000 and from THAT MOMENT you start owing them not only $20,000 but also the interest on it as well. And then 2 or 3 years down the road you can’t pay that back through no fault of your own because you lost your job because they are all moving overseas….now the comes in and takes your wealth that DOES exist…your car, your house, your business, your land etc etc. So now not only have you PAID for 3 years and are out all of that money, they also have taken your real wealth. They have been doing it for hundreds of years this is why the wealth of the WORLD is only controlled by a few.
This is why we have 8 zillion houses in foreclosure now. Its come out on record that banks & lending institutions pushed to give unqualified people huuuge mortgages…why? because they knew the people weren’t going to be able to pay them. They WANTED them to go into foreclosure. Then they start taking money OUT of circulation…all of the sudden now we have a credit crunch, we can’t give you any more money that doesn’t exist and charge you interest on it. So now all of the sudden the economy crashes, no one can find jobs so they can’t pay their bills. Then the banks say thank you very much and help themselves to all of the real assets you own because you cant pay their fraud loans back. Its a great scam if you can get it.”