Surviving Survivalism Blog | November 14 2012
If you are waiting for the economic collapse, you’re too late – it’s already happened. And it’s TWCTM (Those Who Control the Money) who did it. They pulled the rug right out from under themselves. We are living in a world of complete economic fantasy, using numbers that are unfathomable, unconscionable, and un-repayable.
Those of you who already know this, bear with me for the sake of those who don’t, but here’s a quick primer on big-picture economics in the U.S.: Congress tells the Treasury that it needs some amount of money. The treasury asks the Federal Reserve Bank (“the Fed” – a privately held company, not a U.S. Government agency) to print/issue an amount of money. The Treasury issues Treasury Notes (a.k.a. T-Bills) to cover that amount of money and these Notes are sold to other countries who are, in effect, loaning us that money until the maturity date of the note. (Lately, though, other countries are less than enthusiastically buying up our T-bills. The biggest purchaser is now the Fed, themselves.)
That’s why it’s called a “Note” – it’s a loan. Every dollar in circulation since 1913 is a loan. On top of the principle, the Fed requires a payment of interest for this “service” they provide. The purchasers of the T-bills also collect an interest payment as motivation to loan us money. Who is ultimately responsible for the loans and interest for every penny used in the United States? YOU ARE. No matter what they do with the money, no matter in who’s pocket it winds up, YOU GET THE BILL. And don’t think the bill is paid by Income Taxes – that only pays a fraction of the interest due!