However, in these enlightened times, things have changed. Let's see how it works now, shall we?
Now -
Now, a nominal sum of, say, one hundred billion is invented and 'lent' to a country at, say, five percent interest and say ninety percent emission so that only ninety billion is received. The banks thus have to raise the interest rate to compensate for the extraction of the ten billion. That, rather than the fiction of 'too much money in the public purse', is the real prime act of inflation. By fractional reserve lending the banks then invent and lend nine times the amount to employers who pay their employees to produce saleable goods or services. The companies pay company tax and everyone pays income tax, plus VAT on everything they buy, and estate tax and 'death duties' when they die. All the total amount of all these taxes goes to the inland revenue service, which pays it to the Central Bank, and we know who this is. The Central Bank then LENDS this back to the country at interest - presumably minus another retention - for its infrastructure. Thus the lender has extracted many times what it originally lent. The excess goes into the tax-exempt Trusts, and some is used to buy up vast tracts of land all over the planet, land which has real value in that it can grow food, without which, perhaps I have to remind you, we cannot live.
So, rather than just the rich, now we all pay, via taxes of all kinds. Everything we buy has its tax for 'them', and so we all pay through the nose. But as the basic swindle is not understood still we have not reacted, and thus The Cause is now nearing its fruition.
Never before . . .
As Winston Churchill said, and E.J.Leitner paraphrased so aptly, and the quote here is in the context of the latter, "Never before in human history has so much been owed by so many to so Few."
Recently, via a decade of strategic minimal interest and policies of deliberately-relaxed and fraudulent banking practises, money was virtually forced on people who could never repay it. By various stages of leveraging, this fabricated 'debt' was increased enormously on the same trivial unsafe security, by bribery authenticated as sound 'instruments', supposedly insured against loss and, as such 'sound investment', sold back to the banks that fraudulently lent the original money, and sold in sufficient quantity to destabilise the entire banking system.
With the present reaping of the Treasuries to support the collapsing banks to enable them to continue lending us OUR money at interest for our and our descendants' future 'debt' - all taken without our consent or consultation - our future generations are committed to repaying this 'debt' forever as a form of financial 'original sin'. Surely, the only 'sin' is of omission in that we have not justly hanged these villains and their criminal conspirators long ago for their evils against the rest of us.
If you understood how 'those who reap' - the private owners of 'The Fed', the 'Central Banks' and the BIS - have been doubling and doubling and doubling what they take, year after year, then you would understand the ever-tightening grip they supposedly have on us all. But now the fruition of their master-plan has to be hastened before too many of us find out what they are doing and form a critical mass and upset their applecart.
At present
They are still milking the systems, by encouraging blind optimists to invest in the stock-markets, chasing illusory dollars. They themselves trumpet false good news via 'their' media and jadedly reap on the rising markets, then depress those markets and reap by 'shorting' the falls. - It is mere child's play, and is simply taking more of their candy from the babes, but it also keeps said babes distracted from seeing their real intention.
Looming, is the 58 trillion of the persuaded U.S. credit-card debt, to collapse many more banks and further shake the financial systems, before the final dénouement of the carefully-structured derivatives debt of up to one quadrillion.
Here at least, though, we have been given an alternative. Either the 'Central Banks' can frantically print paper money to stave off the crash by supporting the banks, thus causing truly massive inflation worldwide - inflation is just another somewhat severe kind of taxation - so that most of us can't eat, - OR - they can let the banks collapse now, so that all industry and commercial activity will collapse, causing starvation and resultant disorder around the world as money and essential supplies cease to circulate. Either way, we will lose. But of course! What else?
This, to rescue our predicament, will then require a one-world bank and one-world currency and one-world government which, together with our ruined societies and those genetically modified foods, will decide who will eat and who will not. In case it has already slipped your memory, the availability of food or its lack will decide who lives and who dies and, as declared, survival is intended for only a minority of us. Any remonstration on our part perhaps will provide an opportunity to call in the troops and fill the camps that uncanny foresight has provided, together with those waiting comfy plastic coffins.
The intention is that most of us cattle will go into the stockyards and slaughterhouses and oblivion of engineered war and/or starvation, in which matter the difficulties implicit in the cultivation of genetically-modified foods can adequately assist. The remainder will be the slaves of 'the elect', duly corralled and controlled for use, as are the other domesticated animals and, to a lesser extent, the human animals in the standard financially-commercialised society of now and heretofore.
However
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