Disarm the enemy. Outlaw INTEREST!
HOW GREAT THE LIES — AN “UNPRECEDENTED” POLITICAL RESPONSE?
Today’s Washington Post article, “Credit Crisis Triggers Unprecedented U.S. Response” (David Cho and Neil Irwin), asserts an “unprecedented” coincidental peril and response to a crisis in debt. How little then we study history.
The first paragraph of the article introduces its proposition thus:
Since the credit crisis erupted a year ago, the Bush administration has presided over one of the broadest expansions of the government into private lending in U.S. history, risking public money to prop up financial firms both large and small.
Of course, the so called credit crisis did not “erupt” a year ago.
On the contrary, the present circumstances are the product of a long-term process which can only multiply debt into terminal sums of insoluble debt; and the only reason the mainstream media has not constantly warned you of these inevitable consequences of this process all the while is they have actively cooperated in preventing you from understanding it.
Nor is “the government” really expanding into private lending, because the private Federal Reserve corporation issues the money; and the debts are owed the Federal Reserve Corporations.
All this therefore is an intentional deception.
All the government is really doing is pretending to take a role from which the tax payers might be convinced they have some incumbent responsibility to “rescue it,” should “the government” say so.
But what the taxpayer is really rescuing is not “the government”; on the contrary, what you are claimed to be obliged to rescue is the middlemen for the private Federal Reserve corporations who have been asked to collect the so called Federal Reserve’s ultimately impossible magnitude of dispossession from you.
What you are really being asked to rescue then is artificial debt — and your own artificial sum of debt which you already cannot rescue at that !
You are being asked to rescue the fact the unassented profit making process of the privatized circulation can only multiply debt in proportion to the circulation.
You are being asked to rescue a thing which is impossible to rescue, because it can only multiply debt into terminal debt, and because the whole present reason for concern is you already cannot service the present sum of debt.
You therefore are the party in need of rescue.
What the article is purposely mis-informing you of then is that rather than actually fix the causes and intended injustices of the imposed system, a government bent instead on endless abuse of power intends to forever protect the predatory system from you — it intends forever to retain upon you a system which can only plunder you to death again and again and again.
So while the mainstream media has been making a question of the certain fact you’re already in a recession, what you are seeing everywhere around you is the very purposed multiplication of artificial sums of debt which caused the first Great Depression:
You are simply the victims of a purposely irresponsive government which for its pitiful share of illimitable profit preserves a system which can only multiply debt upon us as we are forced perpetually to attempt to replenish a vital circulation by re-borrowing the interest and principal we are forced to pay out of the general circulation. This of course perpetually increases the sum of debt by ever greater increments of ever more periodic interest on an ever greater sum of debt… and so inevitably, the ever increasing sum of debt is multiplied beyond our finite capacity to service it.
To understand how absurd the very idea of rescuing the middlemen for the central bank is, contemplate how it is impossible for the central bank [but to artificially] fail, because it is virtually impossible for it not to be profitable; it has negligible real costs; therefore it can only fail by artificial emptying of it.
The only reason the middle-men fail is they are forced to pay the central bank even for society’s impossible obligation to service debt by perpetually greater borrowing. The only reason there is a problem now (as we see), is that the irreversible process of multiplying debt has now exceeded the very possibility a credit-worthiness can remain, sufficient to justify further borrowing.
No moreso than the victims of the first Great Depression (you) could be made to rescue the “banks” which caused your failure however… will you now be able to rescue the “banks” which will cause your present failure.
You’re soon instead to be made street people.
The administration has transformed federal agencies into dominant players in such diverse realms as student lending and mortgage finance while exposing itself to trillions of dollars in loans.
No, the federal government is not exposing itself to any such risk; it is exposing the unassenting taxpayer, because it intends to compel the taxpayer to pay.
This is all a lie.
The real problem here is only that for providing us absolutely nothing we cannot provide ourselves entirely without such cost, the imposed monetary system can only multiply debt. Now that it has multiplied debt into a terminal sum of debt, on top of the fatal injury the usurpers intend for you to pay further consequences which are impossible to pay.
But that will never happen, if only because it will be impossible for you to pay those consequences as well.
What you are to do is recognize the enemy by their declared intent. The whole idea smells from its beginning to its near end.
The scope of these commitments demonstrates the unprecedented nature of the challenge facing the nation. Not since the Great Depression have so many debt markets been in turmoil at the same time, financial historians say. During the savings and loan crisis of the late 1980s and early 1990s, for example, the financial upheaval was largely contained to banks and thrifts, though the real estate market also felt the impact.
The present circumstances are hardly “unprecedented,” because they concur with the first Great Depression.
Now, the contagion has rapidly spread from mortgages to bonds and exotic securities, student and corporate lending, credit cards and home equity loans, and residential and commercial real estate. The disruption has buffeted investment and commercial banks, mortgage finance agencies, and insurance firms of different stripes.
That’s almost funny. I called it a “contagion” clear back in 1979. Unless the process just started yesterday, that hardly makes the “spread” “rapid.”
But what do the authors mean by “spread”?
Nothing has suddenly “spread.” Multiplication of indebtedness is spread from the very beginning of a monetary system which can only multiply all debt in proportion to the circulation. What the authors are really testifying to is the negligence for which they failed to recognize that debt was reaching terminal limits in all these areas. The like forces multiplying debt everywhere hardly make the near simultaneous reaching of the bounds of indebtedness “sudden.”
“We have a banking crisis and an agency crisis and a mortgage crisis and a coming credit card crisis. We’ve never seen anything like that before. And it all seems to be coming home to roost at the same time. That’s never happened either,” said Charles Geisst, professor of finance at Manhattan College. He said the Great Depression was the last time financial markets were hammered by such a variety of factors. “But we did not even have credit cards in the 1930s; there were no such thing as student loans,” he added.
More utter bull. Unbelievable numbers of Americans have barely serviced their interest on short term debt for decades.
“We’ve never seen anything like that before?”
No way. They’ve seen it everywhere before; and if they get their way they will see it everywhere again only to tell you they’ve never seen it before, because after this lifespan ends they intend still to retain the very cause, which is the system by which they take illimitable profit from you via “interest.”
Two sentences later in fact they tell you they have seen “markets” (arenas of their predation) “hammered by such a variety of factors.”
Sure they have. They caused those factors in the first Depression. They have caused them all this while to now. They will continue to cause them now; and they will continue to cause them in the future, not because the false government they parade before you represents you, but because the government they raise before you is to preserve them.
It doesn’t matter that there weren’t credit cards then. The process of maintaining a circulation subject to interest affects everything subject to interest. Credit cards are not “new,” but in terms of a way to subject you and acclimatize you to dispossession via interest. Like the money they impose upon you, credit cards are mere vehicles to serve the greater cause of usury.
The breadth and speed of events have sent federal officials scrambling to plug leaks in the financial system.
An utter lie.
They aren’t plugging leaks in the financial system ! If they were fixing the financial system, the fixed system would eradicate what multiplies debt to wholly unnecessary artificial sums of debt.
The fixed system therefore would have no power to impose a wholly artificial failure !
What they are doing is pretending that they’re fixing a system which can only multiply debt into a terminal sum of debt (a fix that is impossible without mathematically perfected economy™).
But all the while, when the system they know can only fail does fail, they’re hoping the facade prevents you from understanding who imposed that failure upon you to dispossess you.
In the process, the government has bound taxpayers to the fate of a wide variety of banks and borrowers and could ultimately be responsible for losses in the tens of billions of dollars or more, according to estimates by congressional reports and interviews with regulators.
That’s right. The truth is they’re planning on screwing you every which way you can be screwed.
But “tens of billions” “of dollars” my hind quarter. Didn’t they just tell us “the government” was putting itself to risk for *TRILLIONS*?
They have already told you they intend to screw you a thousand times “tens of billions” of “dollars”. They screw you out of more than that already every year.
The very article already guarantees your losses to be trillions — and that’s just what the sorry mainstream media is finally confessing to… because regardless of their earlier efforts to suppress what were not “probable” dire consequences, but certain, terminal ramifications… the magnitude of inevitable risks should have been anticipated by any and every citizen, right through the steady stream of lies.
From the very beginning the inherent risks of usury were inevitable and obvious.
So “tens of billions” “of dollars” is an obvious intended lie. It’s not even a sufficient sum to be concerned about.
In fact each of *many* imperiled “financial institutions” (middlemen for the central bank) is “at risk” (of certain death) far more than that.
So it’s all the most extensive, most concerted lie.
No, we have seen this before; and it’s all only the inevitable consequences of a process which can only inherently and irreversibly multiply debt in proportion to a circulation.
After all, it was just a lifetime ago that usury could only have caused the first Great Depression.
These are the few simple facts of usury; and from them we are to understand that usury indeed will cause a very avoidable second Great Depression.
Absolutely, we’ve seen all this before. There’s nothing unprecedented whatever, but that we know how to solve inherent multiplication of debt and (evidently) are less than a people who would do so.
We the republic which would not stand for itself, grant a government which only refuses to represent us free license to let the thieves get off scot free… because they are the thieves !
In the midst of the first Great Depression, testifying before the House of Representatives on June 10, 1932, Congressman Louis T. McFadden informed you what a government which serves the unassented central bank again intends to do:
HOOVER ASKS SENATE TO LEVY TAX SO THAT FOREIGNERS WILL KNOW U.S. CITIZENS WILL PAY THE FEDERAL RESERVE’S DEBTS TO THEM
A few days ago, the President of the United States [Hoover], with a white face and shaking hands, went before the Senate on behalf of the moneyed interests, and asked the Senate to levy a tax on the people so that foreigners might know the United States would pay its debts, to them.
Most Americans thought that it was the other way around. What does the United States owe to foreigners? When and by whom was that debt incurred?
It was incurred by the Federal Reserve Banks, when they peddled the signature of this government for a price. That debt is what the people of the United States have to pay to redeem the obligations of the Federal Reserve Board and the Federal Reserve Banks.
Are you going to let those thieves get off scot-free? Is there one law for the looter who drives up to the door of the United States Treasury in his limousine, and another for the United States veterans who are sleeping on the floor of a dilapidated house on the outskirts of Washington?
The Baltimore and Ohio Railroad is here asking for a large loan from the people and the wage-earners and taxpayers of the United States.
It is begging for a handout from the government. It is standing, cap in hand, at the door of the Reconstruction Finance Corporation, where all the other jackals have gathered to the feast. It is asking for money that was raised from the people by taxation ? and it wants this money of the poor to benefit Kuhn, Loeb and Company, the German International Bankers.
So, no America, there’s nothing “unprecedented” about all this at all; and if you don’t start screaming for mathematically perfected economy™ now, you’re about to get a government which will ensure the singular fate of usury.
- “Credit Crisis Triggers Unprecedented U.S. Response” (David Cho and Neil Irwin, Washington Post)
- Congressman Louis T. McFadden testifying before the House of Representatives on June 10, 1932
“To find the players in all the corruption of the world, ‘Follow the money.’ To find the captains of world corruption, follow the money all the way.”
mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)