Picture this:
GM loans 100 cars to 10 people on the promise that the people pay back 11 cars each.
GM creates no extra cars to pay this 'interest'.
The only way cars circulate is by one or more dealers defaulting on their loans.
Then the survivors can buy at the auction and pay back their interest.
Now, the federal reserve works much the same way,
They create only principal for the loans, never any interest.
In order for a loan to be paid back, with interest, somebody has to go broke.
Every dollar in your pocket is principal on somebody's loan.
If you haven't taken it out in a loan, then somebody else needs it to pay the interest on their loan.
This house of cards is going to fall down.
It's not the first time.
The banksters have played this game for centuries.
Starting when they figured out they only needed 10% of deposits on hand to ride out daily withdrawals.
Money is made in banking by loaning long, and borrowing short.
A bank is a juggler with two dozen plates spinning on a stick.
All it takes is for the first one to fall, then the rest of them will follow shortly.
Only the solvent survive.
These banks centrally plan who will get loans, and who won't.
it is through controlling credit that the banksters control the world.
Do what the banks says, or no credit for you!
Why you agree to play by these rules is beyond me, dear reader.
If you could clue me in as to how this all works in my favor, I would be grateful.
The way I see it is that this system is not serving my needs.
Maybe you agree.
If you could clue me in as to how this all works in my favor, I would be grateful
I'll take a shot. Let's say you know how the system works.. and GM loans you 10 cars and you agree to pay back 11... instead you sell the other 9 people 1 of your cars for half price.. then you give the bank the finger and drive off in that new car.. until they repossess it of course.. but look at the fun you had in the meantime..
!BEER
Lol, or we could get our pitch forks and torches after the banksters.
You know the slaves in their dungeons will have to suffer for the game you just played on them.
So, one sacrificial lamb.
But is the sacrifice willing or forced?
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Plus one pays interest on these loans/credit to rob people even more and taking from our future income. So they really make off with huge money making scam.
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The question is why soooo many dupes agree to play by those rules.
I used to believe bankruptcy was because of people's bad choices.
Now i know it is inevitable, and the slowest runner gets whacked.
What is the worst is that this game was played with farmers and farms early in this nation's life. The banks would just wait for the farmer to have a bad year, and bam, take the farm.
Good thing we have tasty soylent green and victory booze n smokes eh?
The atrocities committed by the land of the free against their own people are too widespread and veiled to account for.
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I'm hoping this is the last time we have to torch the banks.
Usery(interest based loans) allows peoples desires for things to be preyed upon by those who keep and maintain this system. Create something and the demand for it then give them money with no real value other than what the people who print it say it has. Then tell them they have to pay back more of the worthless paper than they borrowed.
Aren't shiny new things so nice though?
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Why do we agree to play by these rules?
Unfortunately for the vast majority of people who follow these rules I think it's because that's all they've been taught and they've been taught even though it may not feel right that's how the system works in a "civilized" society. I think that's the real question why do people consider this Society we live in civilized?
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They have been getting this system beat into them since the first two men picked up sticks and began farming the neighbors instead of the land.
It's up to us to gain control of the narrative.
We are winning, riots everywhere except the united snakes.
But.. but.. it's good for the economy! Growing is good! /s
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https://thesocietypages.org/monte/2013/12/21/the-monkey-master-fable/
You might like this.
None of my assets are from another's bankruptcy. While I have seen a vision in which all the works of man were the bones of their ancestors, this did not mean we are all murderers.
Banks are not the only source of loans. I have bought real property without ever borrowing money from a bank.
You're not wrong about centralization of banking, but decentralization has always existed, and that includes of financial assets.
This will continue until centralization doesn't.
Thanks!
It is possible to exist outside the banking cabal's dystopia, but it takes a support group of like minded folks.
To do it alone is nearly impossible.
I have a confession to make: I am nearly impossible.
Lol, welcome to the rarity club.
Not many like me, either.
Can I join?...oh no , fuck off, I don't wanna be in a club lol
Not sure you wanna join a club that would have you as a member...
I concur
Too late, not many like you, either.
.....shit, really?
Bugger.
I found that agreeing to the first part of the debt transaction, but then disagreeing to the second part, most agreeable - and sets you up nicely....
But they don't wanna play that game more than once.
Miserable fuckers.
Imagine that, greedy bastards wanting their money back.
when i explained to them that debt was produced on a screen, they stopped talking to me.
So I sulked, and I stopped talking to them to!
Since then, it seems our silent relationship is working magnificently.
Turnabout is fair play.
The plates are falling but, how are we gonna build something different afterwards? That's the question with few answers...
It was answered a long time ago, your mind controlling masters just didn't let you in on the secret.
https://theanarchistlibrary.org/library/petr-kropotkin-the-conquest-of-bread
I share these ideas. Which Utopia to pursue wasn't my question, but how we will do it.
What will you do with the sheeps who long for a shepherd? What to do with those that get aroused in the presence of fame? There are so many humans that are living out of empathic social consciousness, that I feel they would strive to rebuild what exists now.
Kropotkin assumes that all people have desires that can be understood through reason. This is not true, there are people whose desires have many layers of complexity and some of them actually become enemies of the people through this, others become guardians.
I think there is no single answer to this. The manifestation of archetypes in history just repeats itself over and over again and all attempts of freedom end up being the new bases of repression.
My intuition tells me that the way out is inside, not external change. Thanks for the link, it's a good read and will continue to study it.
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