The principle of money being based on physical assets, which are commonly agreed to have a perceived value, such as gold, has been transformed into today’s economy, where now today’s money is digital, and is backed up by paper currency, at the rate of $1.00 in reserve, for every $9.00 loaned out by the banks.
Of course the paper money itself doesn’t represent the full dollar because of inflation, and it has been a long time since the paper dollar was backed by its equivalent value in gold. In a nutshell it means that banks literally create nine-tenths of their money out of thin air, and have no assets to back up their paper money. In return, when you or a business, or the economy default, the banks take back real world assets and property, in exchange for all the “air” they loaned you.
To date in our economy, when you get a loan, you borrow an “idea,” but when you default, you lose real world assets.
Every country’s debt is just as fictitious as the fictitious money they owe. When a country borrows seven trillion dollars, and over time, because of accumulated interest, owns 27 trillion, why should this spring down an economy? It’s all air, all smoke and mirrors, nothing more than an idea and promises. Now in case you haven’t noticed, the governments of the world have no problem breaking their promises to you and I on a daily basis, why then, should they suddenly have a problem with breaking promises to the banks?
If a bank fails, what was it providing you with any way? Literally nothing but a promise, that’s what!
Banks are supplying us with nothing more than an idea, and when they go down, the idea is the only thing that is lost. And of course, because banking and the economy is literally nothing more than an idea, it is an idea that must be preserved at all costs, through any means, but mostly through fear.
Nothing drives the world more than money, and nothing in the world is more of an illusion than the idea of money. Your understanding of what money is or is not, reflects how deeply you have “bought the story.”
Just imagine for the moment if the whole world’s economy collapsed, and money became totally worthless. Can you envision the chaos that would ensue? This would mean that suddenly the only power in the world would be in the hands of those people with the guns.
Now you know why governments are trying so hard to disarm the people, and arm themselves.
They aren’t stupid,… are you?
Sanora1 Blog 