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What you have in the so called Federal Reserve System, World Bank, IMF, or any central bank of the world, is a system where a third party which produces nothing *and is not the real creditor at all* intervenes unnaturally upon the same transaction, simply saying in effect that no promise to pay is any good unless it is issued on their paper.
This “money changer” or usurer thus simply issues the promise to pay *at no cost to itself*, but charges us interest *as if* there were earned wealth or risk at stake. No such risk exists of course, because as soon as the money changer recoups the costs of the paper (if any), there is no possibility of loss. Uniformly then, they multiply their unearned profit many times *in the very first payment against a debt, which, from its very beginning is multiplied above the related property.
We can readily know this is an intended obfuscation then from the very structure of the “central banking” system itself. Why/how?
The word, “central” is the principal clue: by surrounding a “central” bank with satellite banks which act in fact as middlemen, the central bank creates the facade that earned wealth is at risk: the middlemen have in fact borrowed “money” (which is assumed wrongly to represent *earned* [risked] wealth *in all cases*) from the central bank… and therefore *are at risk* if the obligation cannot be repaid.
But this is not the *actual* risk of the so called “financial” system; and so we see these facts manifested *today* in the failure of the middlemen, and inherent survival of the so-called central bank — which in fact are two very different things, even as we refer to them as banks.
So the solution of our problem(s) hinges on just two things: eradication of interest; and solution of inflation and deflation (which are impossible to solve, without eradication of interest, because interest requires that we pay out of the circulation, more than the value of the related property).
How do we solve inflation and deflation?
Simple: both together are solved by a singular prescription/schedule of payment, which, at all times and in all cases, maintains a circulation which is equal to the remaining value of the related wealth.
So a $100,000 home with a hundred-year lifespan for instance is paid off at the overall rate of $1,000 per year or $83.33 per month.
Now, if you read my yesterday’s blog, you’d see in the videos that Dennis Kucinich and others are interrogating Neel Kashkari of the Treasury Department, who pledges that the Treasury (in administering the bailout funds) is passionate about applying the real solution to the real problem.
Those who are reading these pages will immediately intuit this to be a lie. But why *explicitly* is it a lie?
It is *explicitly* a lie because even Mr. Kucinich has received *many* propositions of mathematically perfected economy; and thus because the powers that be are only *evading* culpability by this facade of interrogation.
How many of the 10,000 homes a day going into foreclosure would be lost if we eliminated these usurpers from representative government, that we could pay debts free of perpetually multiplied unearned profit, to each other?
None of course; and in fact, we would *immediately* have approximately/overall, something like 12x the spendable income we do now — with no other change whatever.
So I show how to do this in one day in our page, “If I Were President…” (which is a *singular* process of absolute solution, which I worked out in the mid 1970s).
The problem then, is that the imposed currency inherently, irreversibly multiplies debt into terminal debt — further making the one solution to both circulatory and price inflation/deflation impossible.
