Tuesday, May 12, 2009
Global Debt Entrapment
Market Oracle: Global Debt Enslavement - From Gold Reserves to Petrodollars
Reviewing Ellen Brown's "Web of Debt:" Part III - This is the third in a series of articles on Ellen Brown's superb 2007 book titled "Web of Debt," now updated in a December 2008 third edition. It tells "the shocking truth about our money system, (how it) trapped us in debt, and how we can break free." This article focuses on global debt entrapment.
Posted by sold 2 rent 1 @ 01:00 PM (362 views) Add Comment
3 Comments
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1. mander said...
A simple question if banks created money and still do: The sum they have created is it paid back by daily hard work of you and me? Because they issue loans and we pay them back don't we?
Is Kennedy going to inspire Obama into removing the money creation prerogative from the banks on to the government following China success story? No and that is the real danger for America to see all the green printed paper on the streets of the world. America cannot fight the rest of the world alone.
2. general congreve said...
Mander @ 1 - In answer to your first question, yes we pay the loans back, but thanks to fractional reserve lending the debt bubble never gets paid back, just grows until it hits an unsustainable level and something has to give. This is the cause of the current crisis.
Secondly the US Govt., Fed and International bankers are one and the same, they will not willingly give up their powers of debt-based money creation without a fight. They have ransacked most of the rest of the world through the IMF with their dastardly scheme, now they will suck the life blood out of their host country, until revolution stops them or worse.
The Chinese are too smart to fall for the USA's/IMF's financial trickery, they won't be broken. The US is over a barrel. The only card the US have left is overwhelming military power. Cue false flag operation framing China (probably over Taiwan) and it's Superpower stand off in the Pacific - things could get very messy and very hot and radioactive for a lot of people.
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