Consumer credit card debt rises, and this is supposed to be a good thing (via 100gf | Politics and Computers)Posted: July 11, 2011
This mindset apparently didn’t take enough of a beating for the lesson to sink in. Ever since consumer debt became a component in the GNP, it seems that debt is the driving force in the U. S. economy. Wall St. responds very negatively to any actions adverse to the interest in buying U. S. debt. The only logical conclusion is that debt is a critical and strategic product and export of the United States. What was once known as criminal fraud is now accepted practice.
What Someone Else Wants
Why do we seem to be pushed, pulled, compelled, coerced, bribed and threatened into a system of revolving slavemasters? Is it that we secretly crave the opportunity to exert power over another human being, IF our turn comes? Could it be that we are just as corrupt as the people we resent?
It is very obvious that fiat currency systems are cycles of abuse. The effort that people make in defending their bankers, attorneys, financial advisors, and media analysts is truly amazing in it’s dedication. Regardless of the wrongs that are inflicted on people, they still love their abusers.
I remember an incident that took place, about 10 years ago. In the place where I got my coffee every morning, on my way to work, I had a thought. As I handed the cashier the paper note in tender of payment, I asked her.
“Do you know why this is worth something?”
Her answer was, “No. Why?”
I replied, “It is worth something because you believe it is. You gave me something real, a cup of coffee, in exchange for debt that you and everyone else promised to repay to a private bank. When these notes are used, the user is borrowing debt.”
If I knew this, 10 years ago, why doesn’t everyone else know it, today? If you could go back in time and show Christopher Columbus a “$?” 100 Federal Reserve note, he wouldn’t know what it was or where it came from. You would have to admit that it wasn’t anything but paper, in his day. You would have a very rough time with the authorities of that day, obviously acting as an agent of a foreign power that doesn’t exist yet. You would know that Columbus wouldn’t sell you a rowboat for a wheelbarrow of FRNs.
In this phase of the currency collapse, everyone is expected to grab a bucket and start bailing. If you are in an ocean of debt, you can’t stay afloat with the Federal Reserve and the U. S. Treasury producing and taking on more debt than you can keep up with. Abdication of conscience leads to exactly what we don’t want.
Sink, Swim Or Learn To Dance On Water