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MONETIZING DEBT

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James Jaeger
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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."

The Jefferson quote means this: When you allow a private banking cartel (the Federal Reserve) to wander from the Constitution, which states that the Congress shall coin money and this money is to be no THING but gold and silver (see Article I, Section 8), this private banking cartel will put out endless amounts of fiat money (money NOT backed by gold and silver as stipulated in the Constitution) and lend it to their buddies (the corporations that surround them) at ridiculously low interest rates (i.e., rates below free-market rates), thus causing inflation (it now takes 100 pennies to buy what 5 pennies used to buy) and this will allow, if not provoke, these corporations to over-extend themselves with debt (i.e. become over-leveraged). This excessive debt on the balance sheets of these corporations (and bank corporations) will then make these publicly-traded entities less attractive to investors. These entities will also be less attractive to investors because of assets no one can easily evaluate (toxic assets) due to their overly complex derivative nature (CDSs and CDOs). Thus investors will withdraw their money (sell their stock) in these corporations (the corporations that have grown up around the banks) and this massive sell-off will depress the entire stock market causing a depression (deflation). Many of these corporations will also go out of business or lay-off workers. Since many people have their retirement funds invested in the stocks of these corporations, they will lose this money as well as collateral and dividend income (be deprived of their property). Since many of these people will (also) lose their jobs, they will not be able to pay their bills (and debt service on a mortgage is usually the largest bill), thus they will lose their homes (and thus they will wake up homeless on the continent their fathers conquered, as Jefferson stated). The conquered continent Jefferson refers to is America, then under British rule. Great Brittan is the very country that practically INVENTED fiat money and the very country Paul Warburg worked in as a banker and stockbroker, before becoming prime architect of the Federal Reserve System. So who has really conquered who?

THE MESSAGES ON THE WALL:

The messages on the wall are simple:

1. The mainstream media is lying and obfuscating the real issues;

2. The Federal Reserve System violates the U.S. Constitution;

3. The heart of the problem is the fact you cannot base money on DEBT;

4. The US and world fiat money system is a giant ponzi scheme;

5. Fiat money schemes serve the globalist agenda;

6. The globalist agenda is foolish because it violates the law of redundancy and the first law of thermodynamics;

7. The stock market crashed as Jefferson's warned it would;

8. Injecting more fiat money into the system may provide temporary relief, but this money will also get sucked up as interest payments;

9. American's will never have any money or prosperity until they get rid of the current debt-based monetary system and reject globalization as currently practiced;

10. The world will a worse place if the Russian plan for some world fiat super reserve currency is instituted.

CONCLUSION:

The reason YOU never have enough money and why there is NEVER enough money in the economy is because ALL excess money goes into INTEREST payments. The entire system is BUILT this way. Every dollar comes into existence as a new unit of DEBT. It is thus MATHEMATICALLY impossible for this system to continue because the productive energy of every man, woman and child is effectively siphoned off and allocated to the creators of money. The creators of money are the bankers, politicians and executives behind a system known as the Federal Reserve System. The Federal Reserve System is not only a system of unjust enrichment, it's a system that CAUSES debt slavery. It is also a System that violates the United States Constitution. The Federal Reserve System, and other alter-ego systems such as the IMF/World Bank, were covertly and gradiently institutionalized between 1910 and 1971. The full negative effects of this System are now being realized, for the Federal Reserve System is designed to benefit no one other than the LENDERS OF MONEY and the APOLOGISTS OF GLOBALIZATION.

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James Jaeger is an award-winning filmmaker with over 25 years experience producing, writing and directing feature motion pictures and documentaries. For complete bio see http://www.mecfilms.com/jrjbio.htm Jaeger's first documentary, "FIAT (more...)
 

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