Quote from Scataphagos:
How does that work? Isn't that an oxymoron?
Not really. Lincoln printed interest-free Green-backs. Same idea. Every dollar in circulation today - electronic or paper - is a debt-bearing note, accumulating interest to the Private or Central Bankers who bought that debt (with credit).
The whole idea is to get away from this parasitic system where private banks literally create money out of thin air, then loan it back to us,
at interest. The FED supposedly retires that interest back to the Treasury. But the private Bankers don't !!! Citi, JP, Goldie, MorganChase. All of them, keep that interest.
So instead of issuing Treasury bonds that are purchased by these private banking leeches, Congress just instructs the Treasury to print the money needed, credits the Government account, then Congress spends it accordingly. It makes no difference to the price level. Either the Government prints it out of thin air, or the private bankers print it out of thin air. Except when Congress does it, we don't pay interest to those carpet-bagging motherfuckers. And it's not just American banks profiting from the interest on the US national debt, but all the private bankers of the world, buying all the sovereign debts of the world, parasitically feeding off the labor of the entire planet like some global slave plantation ruled over by these sick Banker fucks.
I didn't realize this before. What clued me in was Greece. They kept talking about how European banks were heavily exposed to Greek debt. Then I put 1 + 1 together and realized it wasn't just consumer and corporate debt banks issued credit for. But also national debt. What had me is FED regulations were changed back in the 60's (I think) to remit all interest earned on US bonds back to the Treasury. A net wash, right? But it's the private bankers that are exempt from destroying that interest. They keep it. This way, they milk hundreds of billions - soon to be TRILLIONS of dollars - in annual interest payments off the backs of the collective American Taxpayer. Year after year. This why America is so fucked up. There's literally hundreds of billions going out the window to pay bankers interest on money they created from nothing. And that's the big plan. Run up the national debt so high, the economy implodes, and bankers take real assets -- PHYSICAL PROPERTY --- as collateral on debt created out of NOTHING. A flick of pen. An electronic journal entry. Look at Greece, right now. They're surrendering physical territory - entire Island chains!! - to pay these guys off. And the sickest part about it? We - the broader economy - pay the cost of that debasement the moment Bankers create that credit and buy Government debt. WE are the ones who pay higher prices so bankers can have the privilege to counterfeit money they use to literally steal our labor, physical property, and eventually, the Country.
This is EXACTLY what Thomas Jefferson warned us about and lamented. Exactly. Fucking sick.
