Saturday, October 11, 2008

The love of credit is the root of all evil!!

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Listen to Eileen Left on internet talk radio


Hopper: You let one ant stand up to us, then they all might stand up! Those puny little ants outnumber us a hundred to one and if they ever figure that out there goes our way of life! It's not about food, it's about keeping those ants in line. That's why we're going back! Does anybody else wanna stay? (from the movie "A Bug's Life")

This supposed credit crisis is like a remake of a movie. The names of the movies you will know, The Banking Crisis, The Recession, The Slump, The Crash, and now, The Credit Crunch.

All of them star the insider actors and actresses from the same elite families and all have but one prime objective: Human control. Everything else is decoration, diversion, and camouflage.

It is the private banks that bring 'money' into circulation by issuing lines of 'credit', which is 'money' that has never, does not, and will never exist. Money is merely mythical figures on a screen that is only worth anything because we take it seriously and believe it to be worth anything. It only has purchasing power because the receiver believes it has purchasing power. It's all a mind game.

When you take out a loan from a bank (put more money into circulation through accepting credit)the bank doesn't print any notes, mint any coins or move precious metals anywhere. It simply types into your computer account the sum of mythical figures on a screen 'credit' that you have agreed to be loaned.

In fact, the bank has loaned you nothing except figures on a computer file and yet from that moment you start paying interest on money that has never, does not, and will never exist. Banking is nothing more than legalised fraud and the biggest organised crime in history.

Here is how the plan works. The banking elite cast the fishing line by keeping interest rates low and making it easy for almost anyone to get credit. This has the effect of putting lots of money into circulation and increases the ability of business and people to buy things.

This creates consumer demand and business takes out more loans for plant, machinery and expansion, and employs more staff, to meet that demand. We now have what they call 'economic prosperity' or a 'boom', although there is always an underclass that never benefits.

During such 'boom times', people, like business, feel more confident and vast numbers buy a bigger house, bigger car and have more expensive vacations, paid for often times, by loans or a line of credit.

During a 'boom' business and people get themselves into more debt and even those who don't secure bank loans bash their credit card to increase their purchasing power in the face of mass advertising (mind control) to buy, buy, buy.

This prosperity is only made possible by the increases in credit (money in circulation)that allows the increase in spending. And who controls that? The banks controlled by the elite banking families like the Rothschilds, Rockefellers and he rest.

When the world is saturated in credit (debt on 'money' that doesn't exist)the banking cartel triggers stage two of what ignorant economists and economic correspondents call the 'economic cycle'. Next the elite banking families, reel in and net their catch...us.

They do this by reducing the amount of credit they issue and calling in many loans already on their books. This has the effect of taking 'money'- purchasing power ' out of circulation and transforms the manufactured 'boom' into a manufactured 'bust'.

With less money in circulation, people can buy less and so businesses need to produce less. This leads to big increases in unemployment, bankruptcy and people losing their homes because those businesses and people are no longer able to earn the income necessary to service the loans they took out during the 'good times'.

But, of course, when they accepted those loans of non-existent 'money' they had to sign over as security their wealth that did exist - their home, car, business or land - and so when they fail to 'repay' their 'loans' of credit the banks seize their wealth that does exist in exchange for not paying back 'money' that has never existed, except in theory.



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