So you see? It probably is a good idea that Americans lose their money. Just so long as they don't get something worse.
for 9 months badecker has been pushing so hard to risk lives to protect the economy. and now he finally realises that the economy does not deserve to be protected
well done badecker.finally you have woken up
however you still seem sleepish about some facts
The fiat currency of America is money that Americans have created when they thought they were borrowing it from a bank. They created the currency at the time they signed the promissory note. Then they did one of two things:
1. They loaned it to the bank for a moment, and the bank immediately paid them back with cash or a bank check;
2. They prepaid their whole loan off by their money creation.
imagine it like this, seeing as you act like a sleepish child
you want 1000 teddybears but cant make them yourself. so you ask a manufacturer for 1000 teddybears and agree that you will slowly pay them back with small monthly amounts of new teddybears your sourced from elsewhere until it totals 1000 + 5% yearly extra teddybears. they dont care how or where you get the other teddybears to pay them back. they just want more then 1000 teddybears back over the agreed time.
the manufacturer then makes the 1000 teddybears. they dont source them from storage. they make new ones. and then the following month start asking for some teddybears back to put into their own storage for their own use.
you do not get to claim that you already paid them teddybears when you made the agreement. you dont loan then teddybears for a moment.
but this analogy does reveal how the teddybear debt is created. and people can simply decide one day they dont want teddybears anymore and instead use something else.
leaving the teddybear manufacturers left with stores of useless teddybears that no one wants
You are finally getting the picture a little. When somebody trades for a teddybear, he gets the teddybear. Never does he pay the amount back to the teddybear manufacturer the second time. But the banking industry gets paid back the second time when the so-called borrower repays the loan over the repayment period. In addition, the bank gets double or triple additional payment in the form of interest.
So, thank you for finally waking up to the real world a little. The economy will revive fully if the Federal Reserve Bank fails, the money from the banks is given to the people, and the treasuries of the nations take over the issuing of money for each nation.
This might be a good thing. But it would be best if the people understood what their currency is. What is it?
The fiat currency of America is money that Americans have created when they thought they were borrowing it from a bank. They created the currency at the time they signed the promissory note. Then they did one of two things:
1. They loaned it to the bank for a moment, and the bank immediately paid them back with cash or a bank check;
2. They prepaid their whole loan off by their money creation.
Since nobody told them about this, they thought that they owed some money to pay off the loan which was already paid off. So, when they received coupons for making payments from the bank, they acknowledged a new loan, which they had to pay off because they acknowledged it. What the bank gave them in return was good credit. People are only paying for good credit when they pay off their loans.
So you see? It probably is a good idea that Americans lose their money. Just so long as they don't get something worse.
i am starting to hate the leftists and their braindead stupidity passive crime violence and racism, more than the muslims vandalism of economic productivity.
corrupt biden is a new low the leftists have executed and now they have banned me from youtube in their censorship cartel
The Federal Reserve Bank understand about you and the money... that they are the base of the problem. They made themselves the problem, right from the start, so they could make money.
This is why they are doing "The Great Reset." They realize that people are figuring out that they are the economy problem. Also, they have outdone themselves in ways that are destroying themselves from within. So, they are trying to figure out methods to maintain the control while switch banking methods at the same time.
The blockchain is something that they are looking into as a method to string things along before people fully wake up about them... something they can use for a while until they come up with their next idea that works as long as the fake loan thing has.