The Great Bankster Debt Scam!
The Great Bankster Debt Scam!
Where does a Nation get the money it needs to pay its bills?
Answer: It sells Treasury Bonds.
When a Nation sells Treasury Bonds the Buyer gives the Nation money and expects to get their money, plus interest, given back to them at a specified time in the future.
The Nation created the Treasury Bond “OUT OF THIN AIR!”
Today’s $34+ TRILLION DEBT is the accumulation of Treasury Bonds sold that the Nation hasn’t paid back.
The Nation will NEVER have the money to pay back the Treasury Bonds, so instead the Nation just keeps on paying back the INTEREST on all of those Treasury Bonds.
Current US Tax Revenue = $4.6 TRILLION
Current US Interest on the Debt = $4.2 TRILLION
THE GREAT BANKSTER DEBT SCAM IS GETTING RICH FROM INTEREST PAYMENTS ON DEBT THAT WAS “CREATED OUT OF THIN AIR!”
The “GREAT LIE” that was foisted on the public is that the Nation needs to borrow other people’s money to pay its bills, and then pay them back with interest.
The “TRUTH” is that a Nation can “balance its books” simply by creating LOANS “out of thin air” that borrowers pay back, plus interest.
The other “GREAT LIE” from history is that a Nation’s wealth is measured by the quantity of precious metals (gold and silver) that it owns, and that the value of their precious metals is the collateral to backup their debt.
Alexander Hamilton dispelled this lie when our Nation was founded:
“The intrinsic wealth of a nation is to be measured, not by the abundance of the precious metals contained in it, but by the quantity of the productions of its labor and industry.”
I would re-phrase Hamilton’s quote by saying,
“The value of a sovereign Nation’s money is determined by the quantity and quality of the goods and services it produces.”
To equate international exchanges of goods and services, each sovereign Nation will establish a similar “Basket of Goods and Services” whose total value in native currency can be compared between independent sovereign Nations to establish a currency exchange rate.
So, how do we transition from the current Bankster Treasury Bond Debt Scam to a New National Monetary System with a New National Bank?
Well, the Banksters might be realizing that they may have “overplayed their hand” and created National indebtedness that isn’t sustainable. They just might be planning another Global Crisis to “overturn the table” to justify a “Great Reset” in the Global Financial System.
Just like the Globalists instigated the Covid-19 Scamdemic in hopes of a prolonged shutdown of the Global Economy that they hoped would result in “The Great Collapse of Society,” now it looks like the Globalists might be rehearsing for a new Global shutdown through a Global Internet shutdown.
Prior to releasing the Covid-19 Scamdemic on humanity, the Globalists rehearsed the fallout with “Event 201.”
Now the Globalists are rehearsing for the next internet Global Crisis with “Cyber Polygon.”
If one day soon there should mysteriously be a Global Collapse of the Financial System, that would be the time for each independent sovereign Nation to take back ownership and control over its own Monetary System, before the Globalist Banksters can foist whatever new diabolical scheme they are cooking up upon society.
How would a Nation’s New Monetary System with a New National Bank actually function?
A NEW MONETARY SYSTEM WITH A NEW NATIONAL BANK
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web
https://americansystemnow.com/nations-must-study-alexander-hamiltons-principles-of-political-economy/
https://www.usdebtclock.org/
As an aside….Did President Trump’s “Operation Warp Speed” save Global Society from a Global Financial Collapse by ending the Global Shutdown years earlier than the Globalist Banksters intended?
Recommended Reading:
The secret reason why Trump released the vaccines 1.5 years too early
https://stopworldcontrol.com/trumpvaccines/
https://stopworldcontrol.com/?s=Trump&tcb_sf_post_type%5B%5D=post&tcb_sf_post_type%5B%5D=page
From “Event 201” to “Cyber Polygon”: The WEF’s Simulation of a Coming “Cyber Pandemic”
https://unlimitedhangout.com/?s=Cyber+Polygon
With regards to fractional reserve banking:
That was a gimmick invented by the earliest banksters to horde people’s cumbersome gold deposits so they could just carry chits of paper (money) to transfer ownership of their gold when purchasing goods and services. The banksters realized that it was very unlikely that there would be a “run” on their gold deposits by all of the depositors, so they deceptively started writing chits for more gold than they possessed. This practice evolved into fractional reserve banking.
Bottom line is that ONLY Treasury National Banks should be authorized to create loans out of thin air where the borrowers pay interest on their loans back to the National Bank, which is a subsidiary of the National Treasury.
Investment Banks can be authorized to “loan” their pooled deposits to “borrowers” and collect interest on their loans as “return on investment.” BUT Investment Banks cannot create loans out of thin air. Investment Banks are restricted to only loaning/investing their actual pooled deposits. Depositors in Investment Banks assume the risks for their deposits, not the government!
The History of Money, Warlord Banksters, and the Worship of Mammon – American Intelligence Media
https://aim4truth.org/2022/05/13/the-history-of-money-warlord-banksters-and-the-worship-of-mammon/
Perhaps the greatest scam perpetrated by the banksters on humanity is that an independent sovereign nation needs to borrow other people’s money to fund its operations.
An independent sovereign nation doesn’t need to borrow other people’s money, doesn’t need to tax the income of its citizens and businesses, and doesn’t need a warehouse of gold in order to fund its operations.
An independent sovereign nation has the sole authority and power to create money out-of-thin-air and infuse that money into the economy through government contracts for goods and services, and by issuing loans through the National Treasury Bank.
Consumption Taxes on purchases of goods and services and Property Taxes on consumption of land use should be levied to fund State and Local Government Operations.
How To End The Federal Reserve & Erase The National Debt
https://open.substack.com/pub/william3n4z2/p/how-to-end-the-federal-reserve-and?r=1kb28q&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false