Debt-government, corporate and household has reached astronomical proportions.
Where does all this money come from?
How could there BE that money to lend?
The answer is there isn't. Today money ...
Debt-government, corporate and household has reached astronomical proportions.
Where does all this money come from?
How could there BE that money to lend?
The answer is there isn't. Today money IS debt.
If there were no debt there would be no money
If this is puzzling to you. you are not alone. Very few people understand, even though all of us are affected.
You should see this either you are a chomskyan anarchist or an 80's Wall Street guy.
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Debt consolidation can be a really useful tool for many people, the key is of course to do a little homework and make sure you're not dealing with a rip off merchant.
consolidationnetwork . com
has many useful links for debt consolidation comapnies
damnatu banks ubder this model only have to have 10% in assets of all money lent out. that is the 'fractional reserve. this rate changes from nation to nation. the rate in the uk is about 3%.
I've seen Fed data that suggests that, in practice, "money" put out as credit into the economy was backed up only by 6% currency deposits. The minimum requirements, of course, could be even lower.
Americans are not allowed to own gold bullion. There was a law or act long time ago that forced ALL Americans to relinquish their gold and silver! Look it up! We are economically enslaved, and we have been for a long time! Our government must have forgot to tell us.
The law says you cannot compel someone to accept gold (or silver) so that you can buy goods. But if the other party accepts gold or silver, it is legal (as long as he accounts for the transaction).
worse: when they borrow money from the treasury it's at a much lower rate than they lend it out, so divide those interest rates and multiply by fractional reserve constant. There is a tremendous engine which thrives on selling debt while generating inflation. Then the Economic Hitmen get busy...
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consolidationnetwork . com
has many useful links for debt consolidation comapnies
see Catherine Austin Fitts (solari . com)
Thanks.