Note: Several Recaps Readers have been requesting we repost this history lesson from Jester. Originally posted 1-11-14…
[Jester] OKAY WE HAVE TO GET STARTED OR WE ARE NOT GOING TO GET IT DONE TONIGHT... EVERYONE ELSE WILL HAVE TO READ IT IN THE FORUM...
[Jester] THIS THING IS LOOOOONNNNNGGG... GET READY...
[Jester] THIS POST IS AN UPDATE TO A PREVIOUS POST I MADE BACK IN APRIL OF THIS YEAR... I FINALLY HUNTED THE THING DOWN SINCE MANY HAVE BEEN ASKING FOR IT LATELY... BUT I HAD TO MAKE SOME CHANGES SINCE THAT WAS HOW WE SAW THINGS BACK IN APRIL AND NOW WE KNOW DIFFERENT...
[Jester] GOOD TO UPDATE THE THINKING I SUPPOSE...
[Jester] THE FIRST PART IS A HISTORY LESSON THAT HELPS YOU UNDERSTAND WHAT HAPPENED BEFORE TO MAKE IT EASIER TO UNDERSTAND WHAT IS GOING ON NOW... THEN WE WILL FOLLOW UP INTO THE BIG PICTURE FROM THE REPUBLIC STANDPOINT...
[Jester] PART 1... A BIT OF HISTORY...
....
[Jester] OKAY WE HAVE TO GET STARTED OR WE ARE NOT GOING TO GET IT DONE TONIGHT... EVERYONE ELSE WILL HAVE TO READ IT IN THE FORUM...
[Jester] THIS THING IS LOOOOONNNNNGGG... GET READY...
[Jester] THIS POST IS AN UPDATE TO A PREVIOUS POST I MADE BACK IN APRIL OF THIS YEAR... I FINALLY HUNTED THE THING DOWN SINCE MANY HAVE BEEN ASKING FOR IT LATELY... BUT I HAD TO MAKE SOME CHANGES SINCE THAT WAS HOW WE SAW THINGS BACK IN APRIL AND NOW WE KNOW DIFFERENT...
[Jester] GOOD TO UPDATE THE THINKING I SUPPOSE...
[Jester] THE FIRST PART IS A HISTORY LESSON THAT HELPS YOU UNDERSTAND WHAT HAPPENED BEFORE TO MAKE IT EASIER TO UNDERSTAND WHAT IS GOING ON NOW... THEN WE WILL FOLLOW UP INTO THE BIG PICTURE FROM THE REPUBLIC STANDPOINT...
[Jester] PART 1... A BIT OF HISTORY...
....
[Jester] THE FOLLOWING BACKGROUND IS CLIFF NOTES FROM THE HIDDEN SECRETS OF MONEY WHICH I HAVE FOUND TO BE THE MOST CONCISE AND UNDERSTANDABLE REVIEW OF HOW THIS ALL WORKS...
TAKE A GANDER AT THE WHOLE THING SOMETIME... IT WILL STILL TAKE SOME STUDYING TO GET IT ALL BUT THIS IS THE BEST I COULD FIND TO HELP KEEP IT SIMPLE AND UNDERSTANDABLE... BECAUSE IT IS FAIRLY COMPLICATED TO BEGIN WITH...
[Jester] THE REASON I AM PUTTING THIS IN HERE IS BOTH TO GIVE YOU SOME BACKGROUND ON WHAT HAPPENED AND HOW WE HOPE TO REVERSE THE PROCESS SYSTEM... AND ALSO BECAUSE I KNOW MOST OF YOU WILL NOT WATCH AND STUDY THE VIDEO BUT MIGHT ACTUALLY READ THIS...
[Jester] STEP 1 - BONDS... TREASURY BONDS THAT IS...
[Jester] POLITICIANS VOTE FOR THE COUNTRY TO SPEND MORE THAN IT'S INCOME... TO PAY FOR THINGS THEY WANT OR WHATEVER.. THIS IS CALLED DEFICIT SPENDING...
[Jester] TO PAY FOR THE DEFICIT SPENDING THE UST BORROWS CURRENCY BY ISSUING A BOND...
[Jester] A BOND IS A GLORIFIED IOU... IT SAYS LOAN ME MONEY TODAY AND I WILL PAY IT BACK WITH INTEREST OVER TIME...
[Jester] THE SAD PART IS... THE TREASURY BONDS ARE THE NATIONAL DEBT... AND THE BONDS ARE PAID BACK BY FUTURE TAXATION FROM YOU AND ME AND OUR CHILDREN...
[Jester] SO THIS WHOLE SCENARIO IS SIMPLY STEALING THE FUTURE PROSPERITY OF THE PEOPLE SO THE GOVERNMENT CAN SPEND IT TODAY...
[Jester] SO ANYWAY... THE GOVERNMENT ISSUES THE BOND...
[Jester] THEY HOLD A BOND AUCTION... THE WORLDS LARGEST BANKS SHOW UP AND COMPETE TO BUY PART OF THE NATIONAL DEBT... AND MAKE A PROFIT ON BY EARNING THE INTEREST ON THE BOND...
[Jester] PART 2 - CREATING CURRENCY...
[Jester] NOW COMES OPEN MARKET OPERATIONS... THIS IS WHERE THE BANKS GET TO SELL SOME OF THE BONDS TO THE FEDERAL RESERVE AT A PROFIT...
[Jester] THE FEDERAL RESERVE USES A CHECK TO PAY FOR THE BONDS...
[Jester] NOW TAKE NOTE THAT THE CHECK SHOULD BOUNCE BECAUSE THE FEDERAL RESERVE DOES NOT HAVE THE CASH IN THEIR ACCOUNT TO BACK UP THE CHECK... THERE IS NOT ONE PENNY IN THERE...
[Jester] TO QUOTE THE BOSTON FEDERAL RESERVE... "WHEN YOU OR I WRITE A CHECK THERE MUST BE SUFFICIENT FUNDS IN OUR ACCOUNT TO COVER THE CHECK, BUT WHEN THE FEDERAL RESERVE WRITES A CHECK THERE IS NO BANK DEPOSIT ON WHICH THAT CHECK IS DRAWN. WHEN THE FEDERAL RESERVE WRITES A CHECK IT IS CREATING MONEY"
[Jester] SO...THE FED GIVES THE CHECKS TO THE BANKS... AND THIS IS WHERE CURRENCY JUST SPRANG INTO EXISTENCE... THEY APPLY THE CREDIT TO THEIR ACCOUNT...
[Jester] NOW... THE CHECK IS JUST ANOTHER IOU... SO REALLY THE UST AND THE FED ARE SWAPPING THE IOUS USING THE BANKS AS MIDDLE MEN TO CREATE CURRENCY...
[Jester] REPEAT AND REPEAT OVER AND OVER... THE BANKS GET RICH... AND THE NATIONAL DEBT GOES UP AND UP...
[Jester] IT USED TO BE DIFFERENT BACK BEFORE THE FED... THE NOTES USED TO BE TRADEABLE FOR REAL MONEY... GOLD OR SILVER... YOU COULD TRADE A $20 BILL FOR A $20 GOLD PIECE...
[Jester] BUT ANYWAY... BACK TO THE STORY...
[Jester] SO NOW THE CURRENCY IS BASICALLY A RECEIPT OR CLAIM CHECK FOR AN IOU.. THE BOND... SO IT IS REALLY NOTHING MORE THAN A SUPPLY OF NUMBERS IN THE SYSTEM...
[Jester] STEP 3 - THE GOVERNMENT SPENDS THE NUMBERS...
[Jester] SO NOW THE FED TAKES THE NEWLY CREATED CURRENCY AND DEPOSITS THEM IN THE GOVERNMENT... SO THEY CAN USE IT FOR THEIR DEFICIT SPENDING...
[Jester] THEY USE IT TO PAY THE GOVERNMENT EMPLOYEES AND CONTRACTORS AND SOLDIERS AND WHATEVER THEY ARE DOING...
[Jester] STEP 4 - THE BANKS MULTIPLY THE NUMBERS…
[Jester] SO NOW THE GOVERNMENT EMPLOYEES AND CONTRACTORS AND SOLDIERS OR WHATEVER TAKE THE CURRENCY TO THE BANK AND DEPOSIT IT INTO THEIR ACCOUNT...
[Jester] THEN THERE IS FRACTIONAL RESERVE LENDING... IT IS JUST WHAT IT SAYS... BANKS ARE ALLOWED TO RESERVE A FRACTION OF YOUR DEPOSIT AND LOAN THE REST OUT... FOR INSTANCE FOR A RESERVE RATIO OF 10%... THEY HAVE TO KEEP $10 IN CASE YOU WILL LIKE TO HAVE SOME BACK... BUT THEY CAN LOAN THE OTHER $90 OUT IN LOANS...THE BANK LEAVES A BANK CREDIT IN THE DRAWER FOR THE $90...
[Jester] FROM THE FEDERAL RESERVE OF NEW YORK... "COMMERCIAL BANKS CREATE CHECKBOOK MONEY WHENEVER THEY GRANT A LOAN, SIMPLY BY ADDING NEW DEPOSIT DOLLARS IN ACCOUNTS ON THEIR BOOKS IN EXCHANGE FOR A BORROWERS IOU."
[Jester] SO WHEN THEY ISSUE A LOAN THESE ARE NOTHING MORE THAN NUMBERS THE BANK TYPES INTO THE COMPUTERS... AND NOW THERE IS MORE MONEY IN EXISTENCE...
[Jester] THE BORROWER TAKES THE MONEY AND BUYS SOMETHING... AND NOW WHOEVER GOT PAID THAT MONEY TAKES IT BACK TO THE BANK... WASH RINSE AND REPEAT... AND THE MONEY GETS RE-DEPOSITED AND RE-LENT OVER AND OVER AND GROWS EACH TIME...
[Jester] TO GIVE YOU IDEA OF HOW MUCH MONEY IS CREATED THIS WAY... IT IS ESTIMATED THAT 92-96% OF THE CURRENCY SUPPLY IS NOT CREATED BY THE GOVERNMENT... HOLY CRAP...
[Jester] THE MORE CURRENCY WE HAVE THE MORE PRICES RISE... WHICH IS WHERE INFLATION COMES FROM.. THE TRUE DEFINITION OF INFLATION IS AN EXPANSION OF THE CURRENCY SUPPLY... THE RISE IN PRICES ARE JUST THE SYMPTOM...
[Jester] SO... THE ENTIRE CURRENCY SUPPLY IS NOTHING BUT THE UST AND FED SWAPPING IOUS AND CREATING IT FROM THIN AIR... AND A BUNCH OF NUMBERS THAT THE BANKS TYPE INTO THEIR COMPUTERS... SOME OF THEM PRINTED... MOST OF THEM TYPED... AND THERE IS NOTHING ELSE...
[Jester] BUT IF YOU THINK THAT IS THE SCAM GET READY TO ENTER THE TWILIGHT ZONE...
[Jester] STEP 5 - OUR NUMBERS ARE TAXED...
[Jester] THE PEEPS WORK FOR SOME OF THAT CURRENCY SUPPLY... WE WORK HARD FOR OUR WAGES TO GET AND HOPEFULLY SAVE SOME OF IT...
[Jester] AND WE PAY A DANG TAX ON THIS TO THE IRS... WHO TURNS IT OVER TO THE TREASURY... SOME OF IT ANYWAY BUT THAT IS ANOTHER STORY... SO THEY CAN PAY THE PRINCIPLE AND INTEREST ON THE BOND THAT THE FEDERAL RESERVE BOUGHT WITH A CHECK DRAWN ON AN ACCOUNT WITH NOTHING IN IT...
[Jester] NOW THE FEDERAL RESERVE IS COMMITTING FRAUD... PRIOR TO THE CREATION OF THE FEDERAL RESERVE IN 1913 THERE WAS NO INCOME TAX... THAT SAME YEAR THE CONSTITUTION WAS AMENDED TO ALLOW INCOME TAX... AND THE IRS CAME INTO EXISTENCE...
[Jester] THIS WAS NOT A COINCIDENCE... THEY ARE SIPHONING YOUR MONEY OFF TO THE OWNERS OF THIS SYSTEM... AND YES THIS SYSTEM HAS OWNERS...
[Jester] SUCKS TO BE US... BUT I DIGRESS... A COUPLE MORE THINGS AND WE WILL BE DONE...
[Jester] THIS IS PART OF THE PROBLEM THAT I AM GOING TO USE LATER ON IN THE POST SO YOU HAVE TO UNDERSTAND IT OR YOU WILL NOT UNDERSTAND HOW THE BIG PICTURE WORKS... SO PAY ATTENTION...
[Jester] STEP 6 - THE DEBT CEILING...
[Jester] INTEREST IS DUE ON THE BOND AT THE UST... AND INTEREST IS ALSO DUE ON ALL THE LOANS THAT THE BANKS MADE... REMEMBER THE TWO PARTS NOW... WHICH MEANS THERE IS INTEREST DUE ON EVERY DOLLAR IN EXISTENCE...
[Jester] NOW IF YOU ALWAYS HAVE TO BORROW A DOLLAR INTO EXISTENCE TO PAY THE DEBT ON THE ORIGINAL DOLLAR YOU CAN NEVER CATCH UP... THE RESULT IS...
THERE IS ALWAYS MORE DEBT IN THE SYSTEM THAN THERE IS CURRENCY IN THE SYSTEM TO PAY THE DEBT...
[Jester] TO ILLUSTRATE THIS... IMAGINE BORROWING JUST ONE DOLLAR INTO EXISTENCE... JUST ONE... THAT YOU ARE GOING TO PAY BACK WITH INTEREST LATER... NOW COMES TIME TO PAY THAT... WHERE DOES IT COME FROM?
[Jester] GUESS WHAT... YOU HAVE TO BORROW THE SECOND DOLLAR INTO EXISTENCE TO PAY FOR THE FIRST ONE... BUT NOW YOU OWE ON THE SECOND ONE... AND SO ON AND SO ON...
[Jester] THAT IS HOW THE SYSTEM IS DESIGNED... AND THIS SYSTEM IS GOING TO COME TO AN END AT SOME TIME... JUST FROM THE SHEER WEIGHT OF ITSELF...
[Jester] SO... WHAT DO YOU THINK WOULD HAPPEN IF THE UST STOPPED BORROWING TO DO DEFICIT SPENDING? OR WHAT DO YOU THINK WOULD HAPPEN IF THE PUBLIC STOPPED BORROWING MORE MONEY AND GOING INTO DEBT? THE PAYMENTS DO NOT STOP... YOU STILL HAVE TO PAY THEM...
[Jester] SO... IF WE STOP BORROWING... THEN NO NEW CURRENCY IS BEING CREATED TO REPLACE THE CURRENCY THAT WE NEED TO MAKE THOSE PAYMENTS... REMEMBER THE EXAMPLE ABOVE?
[Jester] NOW... WHEN THE PAYMENTS ARE MADE ON THE BONDS OR A LOAN... THE PART OF THE PAYMENT THAT GOES TO PAY OFF THE PRINCIPLE EXTINGUISHES THAT PART OF THE DEBT... BUT THE DEBT ALSO EXTINGUISHES THE CURRENCY...
[Jester] CURRENCY AND DEBT IS LIKE MATTER AND ANTIMATTER...
[Jester] SO WHEN POLITICIANS TALK ABOUT BALANCING THE BUDGET AND PAYING DOWN THE DEBT CEILING AND IT IS DELUSIONAL... IT IS IMPOSSIBLE TO DO UNDER THE CURRENT SYSTEM WITHOUT COLLAPSING THE WHOLE THING... THE SYSTEM IS DESIGNED TO REQUIRE INCREASING LEVELS OF DEBT TO CONTINUE... THAT IS WHY THEY WILL ALWAYS RAISE IT... SO THE SYSTEM DOES NOT COLLAPSE ON THEIR WATCH...
[Jester] THE FOUNDING FATHERS UNDERSTOOD THE PROBLEM AND TRIED TO KEEP US FROM DOING THIS BY PUTTING THE FOLLOWING INTO THE CONSTITUTION...
[Jester] US CONSTITUTION - ARTICLE 1 - SECTION 10 - NO STATE SHALL ENTER INTO ANY TREATY, ALLIANCE, OR CONFEDERATION; GRANT LETTERS OF MARQUE AND REPRISAL; COIN MONEY; EMIT BILLS OF CREDIT; MAKE ANY THING BUT GOLD AND SILVER COIN A TENDER IN PAYMENT OF DEBTS; PASS ANY BILL OF ATTAINDER, EX POST FACTO LAW, OR LAW IMPAIRING THE OBLIGATION OF CONTRACTS, OR GRANT ANY TITLE OF NOBILITY.
[Jester] SEE THAT PART? NOTHING BUT GOLD AND SILVER COIN AS TENDER IN PAYMENT FOR DEBTS...
[Jester] OUR CURRENT SYSTEM IS UNCONSTITUTIONAL... AND WE ARE NOW FEELING THE EFFECTS OF IT... AND IT WAS NOT MEANT TO BE LIKE THIS...
[Jester] AND THEY KNOW IT TOO... TO QUOTE THE FEDERAL RESERVE AGAIN... "THE DECREASE IN THE PURCHASING POWER INCURRED BY HOLDERS OF MONEY DUE TO INFLATION, IMPARTS GAINS TO THE ISSUERS OF MONEY"
[Jester] IT IS A FRAUD... A PYRAMID SCHEME... A PONZI SCHEME... IT'S A SCAM... AND IT'S A LIE... THE ENTIRE MONETARY SYSTEM IS NOTHING MORE THAN LEGALIZED THEFT...
[Jester] THE WORST PART IS COMING UP... THIS DOES NOT HAVE ANYTHING TO DO WITH OUR FUTURE DISCUSSION BUT I AM INCLUDING IT ANYWAY FOR THE COMPLETION OF THIS PRESENT PRESENTATION...
TAKE A GANDER AT THE WHOLE THING SOMETIME... IT WILL STILL TAKE SOME STUDYING TO GET IT ALL BUT THIS IS THE BEST I COULD FIND TO HELP KEEP IT SIMPLE AND UNDERSTANDABLE... BECAUSE IT IS FAIRLY COMPLICATED TO BEGIN WITH...
[Jester] THE REASON I AM PUTTING THIS IN HERE IS BOTH TO GIVE YOU SOME BACKGROUND ON WHAT HAPPENED AND HOW WE HOPE TO REVERSE THE PROCESS SYSTEM... AND ALSO BECAUSE I KNOW MOST OF YOU WILL NOT WATCH AND STUDY THE VIDEO BUT MIGHT ACTUALLY READ THIS...
[Jester] STEP 1 - BONDS... TREASURY BONDS THAT IS...
[Jester] POLITICIANS VOTE FOR THE COUNTRY TO SPEND MORE THAN IT'S INCOME... TO PAY FOR THINGS THEY WANT OR WHATEVER.. THIS IS CALLED DEFICIT SPENDING...
[Jester] TO PAY FOR THE DEFICIT SPENDING THE UST BORROWS CURRENCY BY ISSUING A BOND...
[Jester] A BOND IS A GLORIFIED IOU... IT SAYS LOAN ME MONEY TODAY AND I WILL PAY IT BACK WITH INTEREST OVER TIME...
[Jester] THE SAD PART IS... THE TREASURY BONDS ARE THE NATIONAL DEBT... AND THE BONDS ARE PAID BACK BY FUTURE TAXATION FROM YOU AND ME AND OUR CHILDREN...
[Jester] SO THIS WHOLE SCENARIO IS SIMPLY STEALING THE FUTURE PROSPERITY OF THE PEOPLE SO THE GOVERNMENT CAN SPEND IT TODAY...
[Jester] SO ANYWAY... THE GOVERNMENT ISSUES THE BOND...
[Jester] THEY HOLD A BOND AUCTION... THE WORLDS LARGEST BANKS SHOW UP AND COMPETE TO BUY PART OF THE NATIONAL DEBT... AND MAKE A PROFIT ON BY EARNING THE INTEREST ON THE BOND...
[Jester] PART 2 - CREATING CURRENCY...
[Jester] NOW COMES OPEN MARKET OPERATIONS... THIS IS WHERE THE BANKS GET TO SELL SOME OF THE BONDS TO THE FEDERAL RESERVE AT A PROFIT...
[Jester] THE FEDERAL RESERVE USES A CHECK TO PAY FOR THE BONDS...
[Jester] NOW TAKE NOTE THAT THE CHECK SHOULD BOUNCE BECAUSE THE FEDERAL RESERVE DOES NOT HAVE THE CASH IN THEIR ACCOUNT TO BACK UP THE CHECK... THERE IS NOT ONE PENNY IN THERE...
[Jester] TO QUOTE THE BOSTON FEDERAL RESERVE... "WHEN YOU OR I WRITE A CHECK THERE MUST BE SUFFICIENT FUNDS IN OUR ACCOUNT TO COVER THE CHECK, BUT WHEN THE FEDERAL RESERVE WRITES A CHECK THERE IS NO BANK DEPOSIT ON WHICH THAT CHECK IS DRAWN. WHEN THE FEDERAL RESERVE WRITES A CHECK IT IS CREATING MONEY"
[Jester] SO...THE FED GIVES THE CHECKS TO THE BANKS... AND THIS IS WHERE CURRENCY JUST SPRANG INTO EXISTENCE... THEY APPLY THE CREDIT TO THEIR ACCOUNT...
[Jester] NOW... THE CHECK IS JUST ANOTHER IOU... SO REALLY THE UST AND THE FED ARE SWAPPING THE IOUS USING THE BANKS AS MIDDLE MEN TO CREATE CURRENCY...
[Jester] REPEAT AND REPEAT OVER AND OVER... THE BANKS GET RICH... AND THE NATIONAL DEBT GOES UP AND UP...
[Jester] IT USED TO BE DIFFERENT BACK BEFORE THE FED... THE NOTES USED TO BE TRADEABLE FOR REAL MONEY... GOLD OR SILVER... YOU COULD TRADE A $20 BILL FOR A $20 GOLD PIECE...
[Jester] BUT ANYWAY... BACK TO THE STORY...
[Jester] SO NOW THE CURRENCY IS BASICALLY A RECEIPT OR CLAIM CHECK FOR AN IOU.. THE BOND... SO IT IS REALLY NOTHING MORE THAN A SUPPLY OF NUMBERS IN THE SYSTEM...
[Jester] STEP 3 - THE GOVERNMENT SPENDS THE NUMBERS...
[Jester] SO NOW THE FED TAKES THE NEWLY CREATED CURRENCY AND DEPOSITS THEM IN THE GOVERNMENT... SO THEY CAN USE IT FOR THEIR DEFICIT SPENDING...
[Jester] THEY USE IT TO PAY THE GOVERNMENT EMPLOYEES AND CONTRACTORS AND SOLDIERS AND WHATEVER THEY ARE DOING...
[Jester] STEP 4 - THE BANKS MULTIPLY THE NUMBERS…
[Jester] SO NOW THE GOVERNMENT EMPLOYEES AND CONTRACTORS AND SOLDIERS OR WHATEVER TAKE THE CURRENCY TO THE BANK AND DEPOSIT IT INTO THEIR ACCOUNT...
[Jester] THEN THERE IS FRACTIONAL RESERVE LENDING... IT IS JUST WHAT IT SAYS... BANKS ARE ALLOWED TO RESERVE A FRACTION OF YOUR DEPOSIT AND LOAN THE REST OUT... FOR INSTANCE FOR A RESERVE RATIO OF 10%... THEY HAVE TO KEEP $10 IN CASE YOU WILL LIKE TO HAVE SOME BACK... BUT THEY CAN LOAN THE OTHER $90 OUT IN LOANS...THE BANK LEAVES A BANK CREDIT IN THE DRAWER FOR THE $90...
[Jester] FROM THE FEDERAL RESERVE OF NEW YORK... "COMMERCIAL BANKS CREATE CHECKBOOK MONEY WHENEVER THEY GRANT A LOAN, SIMPLY BY ADDING NEW DEPOSIT DOLLARS IN ACCOUNTS ON THEIR BOOKS IN EXCHANGE FOR A BORROWERS IOU."
[Jester] SO WHEN THEY ISSUE A LOAN THESE ARE NOTHING MORE THAN NUMBERS THE BANK TYPES INTO THE COMPUTERS... AND NOW THERE IS MORE MONEY IN EXISTENCE...
[Jester] THE BORROWER TAKES THE MONEY AND BUYS SOMETHING... AND NOW WHOEVER GOT PAID THAT MONEY TAKES IT BACK TO THE BANK... WASH RINSE AND REPEAT... AND THE MONEY GETS RE-DEPOSITED AND RE-LENT OVER AND OVER AND GROWS EACH TIME...
[Jester] TO GIVE YOU IDEA OF HOW MUCH MONEY IS CREATED THIS WAY... IT IS ESTIMATED THAT 92-96% OF THE CURRENCY SUPPLY IS NOT CREATED BY THE GOVERNMENT... HOLY CRAP...
[Jester] THE MORE CURRENCY WE HAVE THE MORE PRICES RISE... WHICH IS WHERE INFLATION COMES FROM.. THE TRUE DEFINITION OF INFLATION IS AN EXPANSION OF THE CURRENCY SUPPLY... THE RISE IN PRICES ARE JUST THE SYMPTOM...
[Jester] SO... THE ENTIRE CURRENCY SUPPLY IS NOTHING BUT THE UST AND FED SWAPPING IOUS AND CREATING IT FROM THIN AIR... AND A BUNCH OF NUMBERS THAT THE BANKS TYPE INTO THEIR COMPUTERS... SOME OF THEM PRINTED... MOST OF THEM TYPED... AND THERE IS NOTHING ELSE...
[Jester] BUT IF YOU THINK THAT IS THE SCAM GET READY TO ENTER THE TWILIGHT ZONE...
[Jester] STEP 5 - OUR NUMBERS ARE TAXED...
[Jester] THE PEEPS WORK FOR SOME OF THAT CURRENCY SUPPLY... WE WORK HARD FOR OUR WAGES TO GET AND HOPEFULLY SAVE SOME OF IT...
[Jester] AND WE PAY A DANG TAX ON THIS TO THE IRS... WHO TURNS IT OVER TO THE TREASURY... SOME OF IT ANYWAY BUT THAT IS ANOTHER STORY... SO THEY CAN PAY THE PRINCIPLE AND INTEREST ON THE BOND THAT THE FEDERAL RESERVE BOUGHT WITH A CHECK DRAWN ON AN ACCOUNT WITH NOTHING IN IT...
[Jester] NOW THE FEDERAL RESERVE IS COMMITTING FRAUD... PRIOR TO THE CREATION OF THE FEDERAL RESERVE IN 1913 THERE WAS NO INCOME TAX... THAT SAME YEAR THE CONSTITUTION WAS AMENDED TO ALLOW INCOME TAX... AND THE IRS CAME INTO EXISTENCE...
[Jester] THIS WAS NOT A COINCIDENCE... THEY ARE SIPHONING YOUR MONEY OFF TO THE OWNERS OF THIS SYSTEM... AND YES THIS SYSTEM HAS OWNERS...
[Jester] SUCKS TO BE US... BUT I DIGRESS... A COUPLE MORE THINGS AND WE WILL BE DONE...
[Jester] THIS IS PART OF THE PROBLEM THAT I AM GOING TO USE LATER ON IN THE POST SO YOU HAVE TO UNDERSTAND IT OR YOU WILL NOT UNDERSTAND HOW THE BIG PICTURE WORKS... SO PAY ATTENTION...
[Jester] STEP 6 - THE DEBT CEILING...
[Jester] INTEREST IS DUE ON THE BOND AT THE UST... AND INTEREST IS ALSO DUE ON ALL THE LOANS THAT THE BANKS MADE... REMEMBER THE TWO PARTS NOW... WHICH MEANS THERE IS INTEREST DUE ON EVERY DOLLAR IN EXISTENCE...
[Jester] NOW IF YOU ALWAYS HAVE TO BORROW A DOLLAR INTO EXISTENCE TO PAY THE DEBT ON THE ORIGINAL DOLLAR YOU CAN NEVER CATCH UP... THE RESULT IS...
THERE IS ALWAYS MORE DEBT IN THE SYSTEM THAN THERE IS CURRENCY IN THE SYSTEM TO PAY THE DEBT...
[Jester] TO ILLUSTRATE THIS... IMAGINE BORROWING JUST ONE DOLLAR INTO EXISTENCE... JUST ONE... THAT YOU ARE GOING TO PAY BACK WITH INTEREST LATER... NOW COMES TIME TO PAY THAT... WHERE DOES IT COME FROM?
[Jester] GUESS WHAT... YOU HAVE TO BORROW THE SECOND DOLLAR INTO EXISTENCE TO PAY FOR THE FIRST ONE... BUT NOW YOU OWE ON THE SECOND ONE... AND SO ON AND SO ON...
[Jester] THAT IS HOW THE SYSTEM IS DESIGNED... AND THIS SYSTEM IS GOING TO COME TO AN END AT SOME TIME... JUST FROM THE SHEER WEIGHT OF ITSELF...
[Jester] SO... WHAT DO YOU THINK WOULD HAPPEN IF THE UST STOPPED BORROWING TO DO DEFICIT SPENDING? OR WHAT DO YOU THINK WOULD HAPPEN IF THE PUBLIC STOPPED BORROWING MORE MONEY AND GOING INTO DEBT? THE PAYMENTS DO NOT STOP... YOU STILL HAVE TO PAY THEM...
[Jester] SO... IF WE STOP BORROWING... THEN NO NEW CURRENCY IS BEING CREATED TO REPLACE THE CURRENCY THAT WE NEED TO MAKE THOSE PAYMENTS... REMEMBER THE EXAMPLE ABOVE?
[Jester] NOW... WHEN THE PAYMENTS ARE MADE ON THE BONDS OR A LOAN... THE PART OF THE PAYMENT THAT GOES TO PAY OFF THE PRINCIPLE EXTINGUISHES THAT PART OF THE DEBT... BUT THE DEBT ALSO EXTINGUISHES THE CURRENCY...
[Jester] CURRENCY AND DEBT IS LIKE MATTER AND ANTIMATTER...
[Jester] SO WHEN POLITICIANS TALK ABOUT BALANCING THE BUDGET AND PAYING DOWN THE DEBT CEILING AND IT IS DELUSIONAL... IT IS IMPOSSIBLE TO DO UNDER THE CURRENT SYSTEM WITHOUT COLLAPSING THE WHOLE THING... THE SYSTEM IS DESIGNED TO REQUIRE INCREASING LEVELS OF DEBT TO CONTINUE... THAT IS WHY THEY WILL ALWAYS RAISE IT... SO THE SYSTEM DOES NOT COLLAPSE ON THEIR WATCH...
[Jester] THE FOUNDING FATHERS UNDERSTOOD THE PROBLEM AND TRIED TO KEEP US FROM DOING THIS BY PUTTING THE FOLLOWING INTO THE CONSTITUTION...
[Jester] US CONSTITUTION - ARTICLE 1 - SECTION 10 - NO STATE SHALL ENTER INTO ANY TREATY, ALLIANCE, OR CONFEDERATION; GRANT LETTERS OF MARQUE AND REPRISAL; COIN MONEY; EMIT BILLS OF CREDIT; MAKE ANY THING BUT GOLD AND SILVER COIN A TENDER IN PAYMENT OF DEBTS; PASS ANY BILL OF ATTAINDER, EX POST FACTO LAW, OR LAW IMPAIRING THE OBLIGATION OF CONTRACTS, OR GRANT ANY TITLE OF NOBILITY.
[Jester] SEE THAT PART? NOTHING BUT GOLD AND SILVER COIN AS TENDER IN PAYMENT FOR DEBTS...
[Jester] OUR CURRENT SYSTEM IS UNCONSTITUTIONAL... AND WE ARE NOW FEELING THE EFFECTS OF IT... AND IT WAS NOT MEANT TO BE LIKE THIS...
[Jester] AND THEY KNOW IT TOO... TO QUOTE THE FEDERAL RESERVE AGAIN... "THE DECREASE IN THE PURCHASING POWER INCURRED BY HOLDERS OF MONEY DUE TO INFLATION, IMPARTS GAINS TO THE ISSUERS OF MONEY"
[Jester] IT IS A FRAUD... A PYRAMID SCHEME... A PONZI SCHEME... IT'S A SCAM... AND IT'S A LIE... THE ENTIRE MONETARY SYSTEM IS NOTHING MORE THAN LEGALIZED THEFT...
[Jester] THE WORST PART IS COMING UP... THIS DOES NOT HAVE ANYTHING TO DO WITH OUR FUTURE DISCUSSION BUT I AM INCLUDING IT ANYWAY FOR THE COMPLETION OF THIS PRESENT PRESENTATION...
[Jester] STEP 7 - THE OWNERS TAKE THEIR CUT...
[Jester] THE FEDERAL RESERVE IS NOT FEDERAL AT ALL... IT HAS STOCKHOLDERS... NO FEDERAL AGENCY HAS STOCKHOLDERS... THE FEDERAL RESERVE IS A PRIVATE CORPORATION... THE STOCKHOLDERS ARE THE OWNERS...
[Jester] AND THE STOCKHOLDERS.. OWNERS... RECEIVE AN ANNUAL DIVIDEND OF 6%...
[Jester] FEDERAL RESERVE - SECTION 7. DIVISION OF EARNINGS - (a) DIVIDENDS AND SURPLUS FUNDS OF RESERVE BANKS. - 1. STOCKHOLDER DIVIDENDS. - A. IN GENERAL. AFTER ALL NECESSARY EXPENSES OF A FEDERAL RESERVE BANK HAVE BEEN PAID OR PROVIDED FOR, THE STOCKHOLDERS OF THE BANK SHALL BE ENTITLED TO RECEIVE AN ANNUAL DIVIDEND OF 6 PERCENT ON PAID-IN CAPITAL STOCK.
[Jester] THE ORIGINAL STOCK WAS ISSUED TO THE LARGEST BANKS IN THE UNITED STATES... NOW IT IS HARD TO TRACE... IT IS A CLOSELY GUARDED SECRET... NOT HARD TO FIGURE OUT WHY... BUT I AM BETTING IT IS THE BANKS DOING THE MAKING OF THE MONEY FROM BUYING THE BONDS WITH NOTHING TO BEGIN WITH TO MAKE THE WHOLE THING WORK...
[Jester] SO MUCH FOR THAT... IF YOU HAVE NOT SEEN IT PREVIOUSLY THEN YOU SHOULD REVIEW THE HIDDEN SECRETS OF MONEY... THIS A SERIES OF 5 VIDEOS AND ALL OF THEM ARE GREAT... YOU CAN LEARN MUCH FROM THEM...
[Jester] THE REFERENCE FOR ALL THE INFORMATION THAT WAS PRESENTED TODAY CAN BE FOUND IN PART 4 OF THE SERIES AT
https://www.youtube.com/watch?v=iFDe5kUUyT0
[Jester] WHEW... WHO NEEDS A LITTLE BREAK...?
[Jester] HAHAHAHAH... I AM GOING TO LET THE MODS CATCH UP IN PART 1 AND TAKE A QUICK BREAK... BUT I WILL BE RIGHT BACK... WE HAVE A WAYS TO GO...
[Jester] BRB...
***** LINKS *****
The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4 | Mike Maloney
https://www.youtube.com/watch?v=iFDe5kUUyT0
[Jester] THE FEDERAL RESERVE IS NOT FEDERAL AT ALL... IT HAS STOCKHOLDERS... NO FEDERAL AGENCY HAS STOCKHOLDERS... THE FEDERAL RESERVE IS A PRIVATE CORPORATION... THE STOCKHOLDERS ARE THE OWNERS...
[Jester] AND THE STOCKHOLDERS.. OWNERS... RECEIVE AN ANNUAL DIVIDEND OF 6%...
[Jester] FEDERAL RESERVE - SECTION 7. DIVISION OF EARNINGS - (a) DIVIDENDS AND SURPLUS FUNDS OF RESERVE BANKS. - 1. STOCKHOLDER DIVIDENDS. - A. IN GENERAL. AFTER ALL NECESSARY EXPENSES OF A FEDERAL RESERVE BANK HAVE BEEN PAID OR PROVIDED FOR, THE STOCKHOLDERS OF THE BANK SHALL BE ENTITLED TO RECEIVE AN ANNUAL DIVIDEND OF 6 PERCENT ON PAID-IN CAPITAL STOCK.
[Jester] THE ORIGINAL STOCK WAS ISSUED TO THE LARGEST BANKS IN THE UNITED STATES... NOW IT IS HARD TO TRACE... IT IS A CLOSELY GUARDED SECRET... NOT HARD TO FIGURE OUT WHY... BUT I AM BETTING IT IS THE BANKS DOING THE MAKING OF THE MONEY FROM BUYING THE BONDS WITH NOTHING TO BEGIN WITH TO MAKE THE WHOLE THING WORK...
[Jester] SO MUCH FOR THAT... IF YOU HAVE NOT SEEN IT PREVIOUSLY THEN YOU SHOULD REVIEW THE HIDDEN SECRETS OF MONEY... THIS A SERIES OF 5 VIDEOS AND ALL OF THEM ARE GREAT... YOU CAN LEARN MUCH FROM THEM...
[Jester] THE REFERENCE FOR ALL THE INFORMATION THAT WAS PRESENTED TODAY CAN BE FOUND IN PART 4 OF THE SERIES AT
https://www.youtube.com/watch?v=iFDe5kUUyT0
[Jester] WHEW... WHO NEEDS A LITTLE BREAK...?
[Jester] HAHAHAHAH... I AM GOING TO LET THE MODS CATCH UP IN PART 1 AND TAKE A QUICK BREAK... BUT I WILL BE RIGHT BACK... WE HAVE A WAYS TO GO...
[Jester] BRB...
***** LINKS *****
The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4 | Mike Maloney
https://www.youtube.com/watch?v=iFDe5kUUyT0
via Dinar Recaps - Our Blog http://ift.tt/1QmAk88
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