It’s evil!
It’s completely evil!
And it’s absolutely brilliant, in
an evil sort of way!
Before I begin I want to ask that you place this
series of articles in as many hands as possible, and that those receiving it do
the same. I desire as much feedback as possible. Please weigh the evidence of
what I present and let me know your thoughts via return email to brad@newfamilyeconomics.com.
What we’re about to embark on is very serious business.
I’m about to
describe to you the largest transfer of wealth ever perpetrated upon mankind.
You will see how you are being enslaved to levels previously unheard of. Not
just you, but your family, your friends, your community, your nation, and all of
our future progeny. Most people in our country will interpret the recent
actions of the Federal Reserve incorrectly – even financial professionals. It
takes some major in-depth analysis to see what’s going on, and it’s incredibly
brilliant! Did I already say that?
Keep these words found in the
Declaration of Independence in mind as you read further:
“Prudence,
indeed, will dictate that governments long established should not be changed for
light and transient causes; and accordingly all experience hath shown that
mankind are more disposed to suffer, while evils are sufferable, than to right
themselves by abolishing the forms to which they are accustomed. But when a long
train of abuses and usurpations, pursuing invariably the same object evinces a
design to reduce them under absolute despotism, it is their right, it is their
duty, to throw off such government, and to provide new guards for their future
security. --Such has been the patient sufferance of these colonies; and such is
now the necessity which constrains them to alter their former systems of
government. The history of the present King of Great Britain is a history of
repeated injuries and usurpations, all having in direct object the establishment
of an absolute tyranny over these states. To prove this, let facts be submitted
to a candid world.”
I initially tried to write a single article to
describe what is being perpetrated, but I couldn’t even begin to tackle the
issue in an easy, meaningful way. Because of this, I’ve decided to write a
series of articles that will teach the reader the entire set of knowledge
necessary to understand the economic war that has just been declared upon us by
the international banks – using our government as a greedy stooge to accomplish
their goals. Remember, our government is allowing the banks to operate in the
manner which I shall describe. It is our government that knows it needs to
increase its tyrannical structure in order to “protect” against the uprising of
its citizens as they begin to realize what has befallen them.
What’s more
– this brilliant plan will make the public think the Federal Reserve is taking
necessary and prudent steps to avert a major financial catastrophe. The masses
will sing the praises of Ben Bernanke – all while their money is being deftly
stolen from them right in front of their very eyes.
Let’s get started by
defining a few basic terms:
Debt = future labor of a person or a
group of people that is promised to an entity holding a “claim” on that labor.
That “claim” on future labor is what we refer to as “money”. Money is a claim
on the future labor of others.
Money = claims on future labor that is promised to the
bearer of the money.
Credit
= amount of future labor that a lender believes a borrower can be trusted in
completing. The percentage of the available credit that a borrower actually
uses is debt to the borrower. It’s also known as “credit outstanding”, and
becomes a claim on the future labor of the borrower that the lender owns.
“Claims on future labor” is also known as money.
US
Treasury
Which came
first, the chicken or the egg? Debt (“promise of future labor”) or Money
(“claims on future labor”)?
It becomes obvious when everything is boiled
down to the basic component of labor. The promise of labor (“debt”) must exist
before a claim can be made on that promise (“money”).
The US Treasury is
in the business of creating promises of future labor. Whose future labor are
they promising? It’s yours, mine, and everybody else’s, including all of our
progeny for generations untold. They bundle up all of these promises into
various “Treasury securities”. The ones coming due in less than a year are
known as Treasury “bills”. Those maturing between one and ten years are called
Treasury “notes”. Securities of a longer duration are Treasury “bonds”.
These Treasury
securities (“promises of future labor”) only become part of our economy when
investors “claim the future labor” with money. The investors end up holding US
debt (“promises of future labor”) and send their money (“claims on future
labor”) to the Federal government in exchange. The government then uses these
claims on future labor to pay for promises of hundreds of thousands of dollars
of future labor (debt) that they owe (like Michelle Obama’s summer fling in
Spain).
Why would
an investor be willing to hold debt in the form of US Treasury securities
instead of money (the claims on that debt)? It’s because the debt promise also
includes the promise of “extra” future labor in the form of interest. The
investor is seeking to end up with more claims on future labor (money) in the
future when the debt becomes due.
It’s important to notice that this
whole process did not increase the overall amount of claims on future labor
circulating within the economy! The US government selling its debt does not
ever increase the money supply, no matter how much they sell.
The only
entity that is allowed to increase the physical money supply is the Federal
Reserve. I will cover that and more in Part 2.
Your comments
are appreciated…
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