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...terrorism is the war of the poor and war is the terrorism of the rich...
(STILL trying to set up conservatives and fundamentalists on blind dates with Jesus...)
Wealth is transferred in the form of interest payments, bankruptcies, and foreclosures from the borrowers in the 99% to the banks owned by the 1%.
The purchasing power of the currency in existence is devalued by the percent of new currency that is created each year.
The Real Economic Scandal: Understanding the Debt-Based Economy
Whenever we walk into a bank and ask for a loan, mortgage or overdraft, commonsense tells us that the bank ‘loans’ us money from its pre-existing deposits, that is other people’s savings. This is by far the biggest misconception held by most people regarding how banks function. What actually happens is that the bank creates what is called a ‘demand deposit’ and credits the amount requested against it.
The logical consequences of this are three-fold:
- The vast majority of all money created is ‘number money’ created by private banks by simply tapping numbers into a computer
- All money that is issued by private banks therefore takes the form of debt (because it is borrowed into existence)
- Because of the above, all money is debt. In other words, all money currently in existence is money that is owed.
In addition, because all loans which are created are new money i.e. additional money, we have an ever-increasing money supply which gives rise to a number of issues (most notably inflation)
In order for the interest payments to be paid someone else will have to go into debt in order to increase the money supply by the necessary amount. The logical upshot of this system is that it is impossible for all the money in existence to be paid off because only the principle and never the interest is created. Indeed, as long as interest is charged whenever money is borrowed into existence and money continues to be re-loaned once created, then this process of people needing to continually go into debt to increase the money supply has to continue ad infinitum.
Furthermore, due to there always being a persistent shortage of money in the money supply (because the interest is never created alongside the principle and the way in which money flows among people), we are consequently in constant competition with one another as the money in existence is never enough to cover all debt plus interest. This means therefore that competition and bankruptcy and inherent aspects of our monetary system.
Moreover, those that are unfortunate to become bankrupt will lose their assets which are in turn repossessed by the banks which issued the ‘money’ to buy those assets from thin air! Indeed, it should now be apparent that one fundamental consequence of living under a debt-based economy is the invariable law of assets slowly being transferred from us to the banking system through bankruptcies and foreclosures.
As is evident, there is only one winner in our debt-based economy and that is the banking system that is allowed to create money at will and out of thin air at no costs to themselves.
Learn to read what is written.
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The people who are supposed to be experts and who claim to understand the science are precisely the people who are blind to the evidence.
~ Dr Freeman Dyson
We have plenty of money.
Even now, Trump knows that this nation has billions to spare for building a wall.
Families, businesses. gpvernments and corporations have to make financial decisions all the time.
It’s much more honest to say “We have the money. We just don’t sse your need for ___________ is a priority for us."
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...terrorism is the war of the poor and war is the terrorism of the rich...
(STILL trying to set up conservatives and fundamentalists on blind dates with Jesus...)
Exactly!
I don’t agree with separating children from their parent.you've made a lot of noise about babies being ripped from their mothers arms at the border - wouldn't you be in favor of stopping that from happening?
I am pretty knowledgeable about how actions like that dangerously effect a child’s developing nervous system.
https://salud-america.org/4-ways-chi...ds-brain-body/
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...terrorism is the war of the poor and war is the terrorism of the rich...
(STILL trying to set up conservatives and fundamentalists on blind dates with Jesus...)
You do realize, don't you, that Americans commit crimes and get arrested every day, and the ones who get arrested with children have their children removed and sent to social services. You do understand that, right? It happens every day.
Why would it be any different for an illegal alien who sneaks into the country (which is a crime) and gets busted and detained. Do you think we should throw the kids into the cells with the parents?
People like you simply DO NOT THINK!!
ok doser (February 14th, 2019)
CatholicCrusader (February 14th, 2019)
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