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Understanding The Nature Of The Global Economic Crisis

February 23, 2010

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By Mike Riverio

The Reserve system of banking, essentially a legalized counterfeiting system in the hands of private bankers,  contains within it a trap.

The moment that first Federal Reserve note goes into circulation, more money is owed to the banking system than is actually in existence.

When the US was started, money in circulation was exactly that, a value-based medium of exchange, measured in gold or silver. Its worth existed outside the authority of the government and was in the hands of whoever held the coins or equivalent claim checks (the gold and silver certificates).

All currency in circulation today is the result of a loan from the Federal Reserve either to private businesses and citizens or to the government. Each Federal Reserve Note is not a unit of value but a unit of debt.

Because more money is owed to the banking system than actually exists, new money must be created through more loans to pay the interest on the old money. Hence, there is always talk about the growth of the economy. Normally “growth” would be considered a good thing (and to the bankers it still is) but in the context of the Federal Reserve system a growing economy means greater total indebtedness of the population. The economy cannot remain the same size or the interest on the old money starts to overwhelm the available capital and the system locks up (as it is doing now). An ever larger pool of new borrowers must be found to prop the system up. This means that the Federal Reserve system is effectively a pyramid scheme. It only works so long as every larger crowds of suckers, I mean borrowers) get pulled into the bottom layer.

Now, this type pf banking system has imposed itself all over the western world. Indeed wars have been fought and leaders assassinated to erase competing banking systems better for the people but worse for the bankers. Now all the western world uses the same legal counterfeiting-pyramid system and all are starting to crumble at the same time, because there are no new borrowers out there to fill in the new bottom level.

The only way to perpetuate the western style banking system is to declare war on the eastern world and it’s different Islamic banking systems; to conquer those people and force them to become the new bottom layer of borrowers from the pyramid scheme.

That is the real reason for all these invasions, to inflict debt on people and force them to borrow from the western banks. The “Clash of Civilizations” is really a clash of banking systems.

… and a damned stupid reason for your children to die.

Debt Dynamite Dominoes : The Coming Financial Catastrophe

Assessing The Illusion Of  Recovery

The people have been lulled into a false sense of safety under the rouse of a perceived “economic recovery.” Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the past couple years and more recently in Greece, are canaries in the coal mine for the rest of Western “civilization.” The crisis threatens to spread to Spain, Portugal and Ireland; like dominoes, one country after another will collapse into a debt and currency crisis, all the way to America.

In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what’s worse, is that the actions governments took did not address any of the core, systemic issues and problems with the global economy; they merely set out to save the banking industry from collapse. To do this, governments around the world implemented massive “stimulus” and “bailout” packages, plunging their countries deeper into debt to save the banks from themselves, while charging it to people of the world.

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