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Originally Posted by Wicked Lady People have debt usually because they're either uneducated about the credit system, or they just don't give a shit. It's easy to not go into debt.
Don't buy what you can't afford. Don't put things on credit that you can't pay off. Get a job. There. Problems solved. I have no sympathy for people that take out second mortgages to fund European vacations or sports endeavors or plastic surgery.
Even in the case of mounting hospital bills... I had a huge one last year, even after health insurance paid the majority of it. They were very understanding about letting me pay it off in monthly installments. 5 months later... no debt.
Why blame the government when it can easily be traced back to stupidity on the part of human beings... once again. |
it's not that simple!
Have you ever heard of 'inflation'?
what would happen if you suddenly woke up one morning and discovered that a loaf of bread cost a $1000?
Obviously this is an extreme example, but seriously, this was the situation during the great depression, all through inflation. Hell, gas has jumped so much in the last few months, now this is driving inflation.
You see inflation does effect you even if your'e a responsible citizen and you have no debt, because the government manages the economy, if they get it wrong, then you suffer, not them.
The problem we have in the US, is as the guy shows in the film. The government has sub-contracted out the issuing of money to a private bank the Federal Reserve Bank (FR

which is not a public or government instituition.
This bank as the guy shows is not a government run institution and hence is not accountable to the people of the US. It's run by private individuals who meet on a regular basis to decide how much money to issue and at what interest rate to set on loans made.
If they decide to set the interest rate to 3% then the government which has loaned money from them is forced to curtail it's spending to that it can meet this repayment. The government is also forced to raise taxes to meet the interest payments on the debt. Similarly private people who have loaned money from other banks who have in turned loaned money from the FRB are also effected in the same way.
If the FRB decides the raise the interest rate to 15%. Then this would trigger hyper inflation, and as such the price of a loaf of bread would double every 3 days, and there would be nothing you could do about it, unless you have taken the safe precaution of investing in your own farm and can grow your own wheat for your own bread.
You see, even the government is not really in charge, the FRB is. The film is very good because the guy in the film dosn't get political, but he shows how the 'money changers' have used this scam for centuries to enact unfair taxation and fiddle the money markets at peoples expense.
As you said, if ordinary people don't borrow then the problem would not exist, but this is not entirely true, because if your government decides to borrow, then they hit you with taxes to pay back the loan, and hence inflation then occurs.
The guy in the film also explains sensibley that they are now trying to engineer another depression which will place the whole world under their sinister scheme. George Bush is helping them and so are you by sitting on your backside and doing nothing.
Seriously one day soon your'e going to wake up and discover that a truck full of money will only be worth one loaf of bread, and your'e going to wonder, how the hell did we ever get in this situation.
read John Steinbeck to understand how serious a depression is!
The FRB is a money scam, that's all it is. The government could do something as suggested in the film by taking back the function of re-iussing money from the FRB, and hence it is once again in the hands of the people. However, the government won't do this until people start understanding what's going on and start understanding who to vote for in elections.
As the film show most countries in western Europe have operated under this system for several centuries, and hence unnessary wars have come and gone under the system, which ave made people like Rothschilds richer and richer and richer.
I believe Income Tax could be abolished if we get rid of the 'moneychangers, and would be fantastic!