It’s because we’re all living in a false economy. Currently all money is debt, it’s made out of thin air. Then this funny money has interest put on top on it, which can’t be paid back because there’s not enough funny money in existence in the economy to pay it back. This is how they strip the wealth of a country and it’s citizens and end up owning everything i.e. the banks with their funny money financial system. They all in cahoots with each other, and the governments, and keep this funny money financial system running until everything is owned by those at the top.
Before money use to be backed up by precious metals I.e. the gold standard. So you £100 would be exchangeable for something tangible. Now it’s just faith in the currency, and the biggest reason the US dollar has been the most valuable currency for so long, is not only because of the large wealth of the nation, but because of the petrodollar, I.e. all countries that export oil must be paid in US dollars for their oil.
Money = debt. Because what you hold in your hand isn’t backed up by anything. It’s made out of thin air. It’s value is nothing but the faith you put in it. They’re called promissory notes, because it’s a promise to pay, and IOU. So think of your money as just numbers, as debt being exchanged with other debt.
But you don’t have to believe me! BELIEVE THE BANK OF ENGLAND!
https://www.bankofen...-modern-economy
Money creation in reality
Lending creates deposits — broad money determination at the aggregate level
As explained in ‘Money in the modern economy: an introduction’, broad money is a measure of the total amount of money held by households and companies in the economy. Broad money is made up of bank deposits — which are essentially IOUs from commercial banks to households and companies — and currency — mostly IOUs from the central bank.(4)(5) Of the two types of broad money, bank deposits make up the vast majority — 97% of the amount currently in circulation.(6) And in the modern economy, those bank deposits are mostly created by commercial banks themselves.
When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created. For this reason, some economists have referred to bank deposits as ‘fountain pen money’, created at the stroke of bankers’ pens when they approve loans.(1)
Let’s take an example of this using a $100,000 mortgage and a house.
1. Bank creates new money, $100,000 out of thin air, by crediting the account of the person who is taking the mortgage out.
2. Then lets say the interest rate is 10% per year. By the end of 10 years you owe another $100,000 in interest. But this money doesn’t exist in circulation, because they only created $100,000.
3. So there are 2 scenarios. If you can’t pay it back, they take you’re house. Or you have to earn enough of their created money in circulation in their false economy to pay it back, but someone else always loses out, and this builds up until they’ve taken all the wealth of a country.
This is not a conspiracy theory, it’s a fact. It’s right there on the Bank of England website. They create the money, then they put interest on that money which doesn’t exist in circulation to ever pay it back. And they do this with all sorts of things (not just mortgages), until the country becomes more and more stripped of everything, public services, homes, land, wealth, and their sovereignty.
Just play a game of monopoly and you’ll completely understand how the funny money financial system works, seriously.
Edited by Jesus is King, 21 March 2020 - 04:25 PM.
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