How did they convince us that committing financial fraud as a fractional reserve system was the right thing to do? In God We Trust, indeed...our banking system is a theft system.Foreign aid = theftFractional reserve = theftInflation = theftInsider trading = theftLobbying = theftNational debt = theftNon-consentual taxes = theftPrice gouging = theftStagnant wages = theftUnvetted wars = theftYou think God blesses a country whose monetary system is based on theft which enables massive injustices across the entire planet He created?
>>545665867It's not theft. You're just too dumb to understand financial issues.
>>545665867Money can be exchanged for goods and services
>>545665867>How did they convince usIts called wilful ignorance. Started in 1789.
>>545666271Having a national currency is not the issue, exchanging money for goods and services is a way to store your labor.
>>545666412What are you referring to?
>>545666271We don't have Money - We have Currency. 1 Holds value, the other does not.>>545666530Currency is not money>>545666624Ignorance of the population as to what started in 1789. A corporation took over.
>>545665867>>545666530>>545666624(You) don't comprehend what central banks do, what money is, or how it is created>'fractional reserve'That's not the central problem.This is:>https://rumble.com/v76j82ahttps://rumble.com/v76j82aall money is created *as Debt*
>>545667176Well, of course it's debt. It's created out of nothing.Imagine an economy in which only you and I exist. The government of this economy spends $100 into existence, paying us $50 each to do something, doesn't really matter what for this example. There is a $100 debt.Now we pay 15% income tax, which is $7.50 a each. So the government debt is now $85. But if the government wanted to pay off that debt entirely, where would it get the money? It has to tax it away from us. If it taxes everything away from us, where does the private sector (that's us) get its surplus from?Well, it could come from the rest of the world. That would require us to run a trade surplus with foreign governments. But if we don't do that, deficit spending by the government is the only way for the private sector to generate a surplus.Now, in case you are referring to bond sales and *paying interest* on debt and not just debt as a concept (principle), then you'll be glad to know that is a policy choice that could (and should) be altered.
>>545667176>>545667815Great posts, good video thanks anons
>>545667815>There is a $100 debt.Noooo - it's $110 plus Interest - That is what your taxes go towards. - but as there was never enough funny-muny printed to cover the interest, it can never be paid off the way people are told it can.
>>545668698No. Read the post again. There is no law of accounting or mathematics that requires the paying of interest. It's a self-imposed restraint.This is the problem with you libertarian types. You don't think. You assert.
>>545668421Anonymous (ID: hd4XZUUt) = MMT shill <--Ignore itHere is what all anons need to comprehend and study —Money is created *as debt* by private central banks.You need to fully comprehend __what money is__ (to begin with) and how it is created.In addition to the rumble clip ^^ above (about the U.S. Federal Reserve money-as-debt creation cycle), these two films are essential viewing and study:* * * * * * * * * * * * * * * * * * * * * *The Money Delugehttps://www.youtube.com/watch?v=t6m49vNjEGs97% Owned — How is money createdhttps://www.youtube.com/watch?v=XcGh1Dex4Yo* * * * * * * * * * * * * * * * * * * * * *>"The only option is to stop central banks from creating money as debt. If you want to have a chance of tackling any of the big social issues, you've got to solve the money issue."— Ben Dyson, quoted in '97% Owned'BONUS (short clip) :professor Richard Werner explains how the banking system and financial sector really workhttps://www.youtube.com/watch?v=EC0G7pY4wRE
>>545669300Why do you ignore Werner's conclusion that the quantity of credit doesn't matter, but where it channels does?That's MMT. It's also not possible to "shill" for MMT. MMT is descriptive, not prescriptive. It just explains how government spending works.https://www.youtube.com/watch?v=-LOwJ2H_hD4
>>545665867No amount of whining is going to stop the crash that is coming tomorrow, today was just the warning. You will eat the beans and rice.
>>545668911>dont understand the difference between how things work in theory vs realityYeah libertarians are schizophrenic
>>545669884do not engage Anonymous (ID: hd4XZUUt) ittit's an MMT shillInterest Payments on the debt now comprise over half of annual $2.2 trillion U.S. fedgov budget (that's right: every year the credit card is being used to pay the credit card bill), and vastly exceed annual gov discretionary spending.
How? White men naturally submit to jews. You won't like this answer but it is the truth. Jews eat your foreskin then control your sexuality with porn. You are literally addicted to orgasming when you view an image of a jewish penis. You cannot orgasm without viewing a jewish penis or visualizing it in your minds eye. Hope this helps.
>>545670181The point is that paying interest on bonds is something the government chooses to do. Why does it choose to do this?That's a great question. It would be wonderful to get a straight answer. I don't think one will be forthcoming.If you think for 2 seconds the only thing the government accepts as payment for the bonds that it issues is its own debt, its own currency or bank reserves, than it becomes clear that those things have to exist prior to and independent of bond issuance.So selling bonds *can't* be a borrowing operation.
>>545665867>How did they convince us>usThey convinced all of the dumb goyim who outnumber me 100 to 1 so it doesn't matter if I know it's a slave system and don't want to live under it, goyim will force you to into a jewish cage with them kicking and screaming and every day I pray for their mass death
>>545668911>There is no lawNever said there was. But thats what people are led to believe through their ignorance.
>>545670598Global debt topped $255 trillion in 2019 and $350 trillion in 2025, almost four times the amount of all global economic output. Public debt—sovereign debt of governments—in 2026 comprises ninety-four percent of the entire global economy; IMF predicts in three years that reaches one hundred percent.Advanced economies are now paying $3.3 trillion in interest on internationally traded government bonds as of 2025: that is more than the entire world spent on defense or artificial intelligence (AI).World governments soon will owe as much as the entire global conomy produces in 12 months duration.Total debt levels and deficit spending of the past 30 years has eclipsed that of the past several centuries of western civilization, and absurdly low and negative interest rate borrowing costs have incentivized national governments to no longer borrow on the expectation that they will repay, but rather the expectation that they will refinance.It's a worldwide *debt-based economic model*, ruled and run by private central banks <--that are the lenders and buyers of last resort, issuers of all the debt by which they enslave all 160 nations' sovereign governments and their citizens
