THE MYTH OF THE U.S MONETARY SYSTEM

THE MYTH OF THE U.S MONETARY SYSTEM
12/06/08

The world economy revolves around revolving credit. It is such an insane method of making money that no one seems to understand. All world governments operate on a credit system of borrowing money from a central bank or large brokerage firm who use investors’s money that doesn’t have to be paid back.if their investments loose money. By all recent accounting methods used in the global monetary system , every nation on the planet owes more money than it takes in . In this process they are hopelessly and eternally in debt . This being the standard global operating procedure of all governments , it only makes sense to the rational observer; that someone , or something somewhere is making up money without any regard to value. In essence all money as it is used in this world is worthless. It is created from nothing and is merely an illusion perpetrated by those who make up the money. It is a magic trick.
 

For anyone who is trying to pay off their debt the struggle is an endless worry , and endless effort that increases daily , similar to compounded interest and penalty fees added on by the creditors. What gives value to the money that the debtors owe is the constant barrage of collection calls and collection notices mailed or hand delivered to the debtor as a reminder of his debt and to whom he owes the debt. If no one were assigned to collect debts then all the money borrowed would essentially be uncollected.. This is how the United States government can continue to build up massive debts by having the Federal Reserve create money, out of nothing and lend it to the U.S. Few people in the U.S are aware that the IRS is not a federal agency. It is the collections arm of the Federal Reserve. Few people realize the the Federal Reserve is not a federal agency. It is a conglomeration of eight private banks, who are untaxed, unregulated , and unaccountable to anyone. Great deal huh?
 

Imagine setting up a company that makes up its own money, has no accountability to anyone, and has more power than the government of the U.S. This private company then bribes a few congressmen and senators to pass a law that gives this company the sole right to create the money used by everyone in the U.S. The U.S mint prints the money and sells it to the Fed for 3 cents per printed dollar regardless of its printed face value. Then the Fed, which is a private and unregulated company lends the government its own money back at its printed face value. One dollar given back to the government, is equal to one dollar owed to the Fed plus what ever interest it decides to charge .What a deal ! Imagine the U.S government charges you 3 cents for something you charge them one dollar plus interest for. The deal is even better since the elected representatives in our government who made this deal with the Fed, and still honor it , made it illegal for the U.S people and their government to back out of the deal. What has been created is an endless line of credit , .for the U.S Government that never gets paid back..
 

Those in the U.S Government who understand the reality of this unlimited line of credit , have made public statements advising the current congress and the president not to acknowledge the national debt and forget about deficits. Deficits are an illusion as is all money. That is why the U.S government and all Americans have been allowed to currently owe 54 trillion dollars and many including the federal government are lent more money and do not have to pay it back. Why should the government pay back something that is impossible to collect?. Why should anyone pay back what it does not owe? The money we borrow really has no value. It was created by the Federal Reserve out of thin air. There is currently only 14 trillion dollars of U.S paper currency in existence, and 54 trillion dollars owed by the U.S government and individually by the American people,to private banks and the Federal Reserve, who are also private banks. The U.S government can issue its own currency without the Federal Reserve, which is a guarantee in our constitution. The Federal Reserve is merely a shadow agency of the government, that allows our government unlimited credit, that never has to be paid back. That is why the U.S government can issue trillions of dollars in bailout money to everyone and his brother, who asks for it . The money is made up from nothing and lent to the government for nothing, other than the taxes the IRS collects,which doesn’t even pay for the illusionary interest the Fed charges for lending of the money. The only person who thinks he has to pay anything is the American taxpayer. Those taxpayers are all members of the American middle class. The wealthiest of Americans pay nothing in taxes, or very little of what they earn. Most don’t earn anything, their stocks and bonds and hard assets do. This type of income is generally not directly taxable under IRS rules, and can be offset by fictitious loans or losses created by creative accountants.
 

The real money that is collected by taxes from the American tax payer is the only real money in the entire system. This money is based upon the sweat and true equity of the American people and the true production of American industry. When a bank forecloses on a property it is all based upon legal mumbo jumbo that if the mortgage they issue the borrower, that the bank created from think air, is not paid back as contractually agreed to by the mortgage borrower, then they can take the property away from the home owner. Great deal for the bank who created the money it lent to the borrower , from money it made up from nothing. All the bank did was write a bad check or transfer a made up amount of funny money it created out of nowhere, and charges interests on. This is the most diabolical deal in the world. Imagine creating your own money and charging someone interest on it. That is exactly what our economic system is based upon. That is why the U.S will never run out of money and will always continue to bail out industry and other banks and anyone else who wants a bailout. They have to keep the illusion of a monetary system alive in order to continue to access their unlimited line of imaginary credit.
 

So as we enter a recession as declared so loudly by the corporate main stream media who is owned and operated by those who control the money in this country and around the world, these anchor men and women and news executives are all making millions of dollars a year in salaries and have a very great stake in maintaining the illusion of money, so they can appear to have more of it than anyone else. All this country has to do to end this media made recession is to turnoff their televisions, especially the news. It may be difficult for many people to do this since they have become so brain washed and dependent upon looking at the smiles and fashions of their favorite news anchor person, and have become mesmerized by their voices and illusion of credibility and integrity created for them by make up artists and creative news writers.
 

People do have the power to change everything in their lives and they do have the power to change their government, and their monetary system.. Why are people so eager to accept someone else’s value placed upon their own work ? Employers make money off of employees. For every dollar paid to an employee in the United States the employer makes at least twice that amount in profit from their work. This explains how a Walmart worker can receive 8 dollars an hour, for his work while the CEO of Walmart makes hundreds of millions of dollars a year., and the five heirs of old Sam’s fortune are worth $20 billion each.
 

It is time for all people to wake up to the insanity around them and understand who is exploiting them and keeping them imprisoned by illusionary debt. This recession and global financial collapse are caused by those who desire greater wealth of hard assets, to offset their balance sheets of make believe money. These bankers and global market manipulators are salivating like casino owners as they watch the suckers and idiots gamble away everything they own by believing in luck and the illusion of riches.gained by gambling on games they are predetermined to lose. Those who do win are allowed to win by the casino owners , so it appears to all the other losers, that they too have a chance at winning .The only way to win is to refuse to play at all, or play the game with unlimited borrowed money; that never has to be paid back .
 

L.A. STEEL