The History of What We’re Currently Facing

I will be spending the next few Hamill Economic Updates describing exactly where things are at in the world economy, why we’ve seen the recent things that we have, and what we can expect moving forward.

We are beginning to see the possible initial steps in the second, and more dangerous, economic downturn. But before I get into that subject I want to take a moment to paint an overall picture of what exactly is happening. It really has very little to do with economics, and a lot to do with human sin, depravity, and greed.

Governments have been around for thousands of years. Some civilizations are/where governed by kings, while others have had dictatorial rulers or elected officials. However, one commonality is that they all involved men and women who were cursed with the sin of Adam. A great many of them sought to do good, but ended up doing evil when the power of their societal position came into play.

It used to be that governments would seek to build their power base by conquering other governments and acquiring their land and possessions. This still occurs once in a while, but has quieted down somewhat in modern times. We now see governments that are more occupied with conquering their citizenry in order to attain their quest for power.

The 1600’s brought forth a time when governments in Europe had a deep desire to war against their perceived enemies, but they were constrained somewhat by the need to tax their citizenry in order to obtain the revenue for battle. Great Britain is one example where they were having a hard time keeping enough money in the Treasury to go after their next conquest. It was a very frustrating position for those so keenly focused on blind power.

This is where the story gets interesting. One of the other sins of man is the desire to get rich at the expense of someone else’s labor. Slave traders were very happy to take people into forced servitude in order to attain wealth for themselves.

There was a group of very evil and ingenious men who figured out a great new way to make vast sums of money at the expense of other people’s labor. These men came up with the idea of buying the debt of nations, and supplying those nations with some form of currency in return. All the nations had to promise was that they would pay the debt back to these men (international bankers) at some point in the future, with interest. Countries were more than happy to issue a large amount of new debt to the bankers, while promising that their citizens would provide the necessary future labor to make good on the amount owed. The citizens became indentured servants to the debt (bond) holders – the bankers.

It gets better, at least for the bankers. They were smart enough to understand depraved human nature. They realized that their servants (citizens) would only be productive laborers if the servants believed that they were free, chasing their economic dreams.

The bankers set up “pipelines” with the governments that they provided money to called “central banks”. These central banks would interact with regional and state banks to provide new currency, and the banks would lend out new “money” (credit in the form of loans) to people so that they could pursue building the next better mousetrap. The loans caused a general increase in the money supply, accounting for moderate inflation – which people perceived over time as being a sign of wealth. They may have made $20,000/year at one point and $40,000/year ten years later. Their mind told them that they were better off, but their wallets told a different story. So….they worked harder, in the continuous chase to strike it rich. Factories were built, inventions were created, and widgets were mass produced. Countries and their citizens were enjoying the high life, since the debt (claims on future labor) that they entered into from the bankers was getting cheaper by the year to pay off due to moderate inflation.

What these countries didn’t understand is that the international bankers had it all figured out. The bankers knew that the greed of the nations and their citizens would produce an enormous amount of underlying assets, and that those assets would typically be used as collateral for yet more loans.

The international bankers pulled the plug on credit in September 2008. The party came to an end for every developed country in the world that operates through a central bank. People often make the mistake of thinking the various governments have purposefully caused this downturn. Nothing could be further from the truth. In fact, the countries are guilty or their pursuit of greed – and their complete willingness to sell their citizenry into involuntary servitude to the international bankers in exchange for power and status. The citizens are guilty of greed in their lust to have their desires today, while figuring out how to pay for them tomorrow. The bankers have the governments trapped, and they have the citizenry trapped. Their boots are on our throats.

By shutting off the availability of credit, the international bankers know that there will be an incredible number of loan defaults. They also know that many of those loans are backed by real assets – homes, land, etc. The bankers become the new owners of assets that they never had to lift a finger to attain. They call themselves the rightful owners of assets, even when the underlying loans where just blips in a computer. These loans never represented the deposits of other citizens. They were just credit that was newly created with a few keystrokes every time someone signed a promissory note. We have been raised with the teaching that banks are the “safe and responsible” place to put our money and go to for credit needs. We have been trained to serve our banking masters.

The international bankers have developed a “foolproof” system to own the future labor rights of every citizen on our planet. Is this a Godly precedent? Did we give up our God-ordained freedom and liberty in order to serve the masters of money? Have we been foolhardy in electing representatives from all parties that have absolutely no clue how a debt-based economy even functions – and what dangers it bestows upon the electorate?

Remember, international bankers control the entire macro economy of every single developed nation in the world.

Governments are ruled economically by the international bankers, and they hate their masters. However, they have absolutely no choice but to serve. Otherwise, the bankers could easily implode the entire worldwide economy in a matter of a day. These same governments attain their power (and serve their master) through enacting new ways of bringing the citizenry into further involuntary servitude. The citizens are scared of the monsters that they’ve helped to create, and are propagandized into believing that they have no course of action but continued servitude.

The next Hamill Economic Update will deal with the issues occurring in Europe as of late.

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