It is a sad but true statement on the picture above. Our current system is solely based on how much debt you can occur in your life time. It is also sad to think that we need things and these things are so overvalued we have go into debt to get them.
Bankers invest in a new car which they lend to you only to have you drive that car off the lot and it losses about 10% of it value if not more simply because it is not new anymore. However the Bankers still want 100% of the borrowed money back with interest of course.
Those same bankers will invest in a new home and let you live in it and use it only if you agree to pay back the value of the home with interest. Then they increase the value of the home even though it's used now when it comes time to sell it. Let's look at what the banks can make off a home.
House is built for 400,000 * invested by the builder and money borrowed from the bank. +Banker
House is sold for 500,000. nice little profit by the builder
Bank lends money to new owner. ++Banker
Home users of Banks property for 5 years. +++Banker
Home users decide to sell home for 550,000 and Banker lends money to new home users. ++++Banker
And let's say this trend goes on for 20 years and each time the house keeps going up for sale it is valued at 50,000 more that the last time. So the Banks original investment of 400,000 has now turned into mortgage of 700,000 dollars. Or
Year 0 - 400,000 * bank lends money @ 3% to builders of home
Year 0 - 500,000 * bank lends money @ 3% 1st users cost of home
Year 5 - 550,000 * bank lends money 3% 2nd users cost of home
Year 10 - 600,000 * bank lends money @3% 3rd users cost of home
Year 15 - 650,000 bank lends money @3% 4th users cost of home
Year 20 - 700,000 * bank lends money @ 3% 5th users cost of home
So that Banks original investment of 400,000 has no turned to 700,000 which is pretty good return on investment so it's no wonder Banks want you to keep buying new homes. It's in their best interest!
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Yeah the bankers really do rule the world , politicians are their puppets so much for democracy
Democracy is only for the sheep that believe in the system. The awaken have long since given up on democracy.
And people think we're so smart... No other living
Creature on Earth is in Debt except us...lol... Isn't
there a way to turn the tables and make those old
Banksters our Debt Slaves...??? Just a thought...
@pocketechange
Someday the tables will turn but not before all hell breaks lose
That's what I've been preparing for... By the way,
I've been debt free for a long time, but the regular
bills never stop coming in the mail...
@pocketechange
Awesome my friend. It is not easy for the average person to be debt free as the system is not set up that way.
Very well put together DR. When I bought my home in 2001 I went with a 15 year mortgage. Never refinance when the intrestrate went down, there was a reason for not refinancing. It is now 2017 and guess what,,,, I own this place I call home. Just say no to BANKERS!!!
Awesome my friend. It's a game moving from house to house because eventually you get into a mortgage that will cost you everything. The banks want you to borrow and they want you to fail! It's money and property in their hands.
@digestingreality I always enjoy your work brother! Thank you for your efforts in educating the people and helping them to see the matrix we are imbedded in! Would love to hear your input on my latest post about Anarchy! :) Same goes for you @raybrockman! Much respect and love for you guys! ~Hratch
Thanks brother for the shout out. Hey my son is trying to come up with some pictures for that hat, once he decides I will send them to you and you can let me know if its doable.
Absolutely brother! Looking forward to making this reality!
Never made the connection with the increase in the value of the bank's asset through the devaluation of money.
Oh yes they are crafty those banks. It's just a big game to them. Messing with our lives
wow... I just got an Upvote from Gregory Mannarino for my POCKET CHANGE Post...
@pocketechange
Awesome. I don't know if I have ever got one from him! Congrats my friend! DR