Wednesday, July 19, 2017 by Ethan Huff
There isn’t a nation on earth that could ever in a million years escape the clutches of insurmountable debt by simply printing more money – or worse yet, pretending as though being in debt is no big deal. But that’s what the United States and many other countries throughout the world are essentially doing, and to the collective tune of over $217 trillion, according to the latest figures released by the Institute of International Finance (IIF).
When nation states sacrifice their sovereignty in exchange for privately-owned central banks – this is precisely what the U.S. did back in 1913 on Jekyll Island, Georgia, with the creation of the Federal Reserve – they lose control over their currency. These nation states then become indebted to the globalist money changers, which turn their value-based money into debt-based, fiat “funny money” – this is how entire countries quickly become slaves to the banks, in other words.
These people of these countries then spend a lifetime trying to service this debt – which can never be paid off, by the way, because the system is completely rigged – as they plunge deeper and deeper into slavery to the money changers. As of this writing, the U.S. is teetering at nearly $20 trillion in debt all on its own. As unfathomable as this might sound, it represents less than 10 percent of what the temple masters expect in debt repayments from the world as a whole.
“As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts,” writes Michael Snyder for The Economic Collapse Blog.
“In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of the elite. It is a game that has been going on for generations, and it is time for humanity to say that enough is enough.”
What many people fail to understand is that fiat currencies like the Federal Reserve Note are not indicative of a store of value, but rather a store of debt. Every U.S. dollar that’s issued and used to buy and sell goods is a debt instrument that represents the exact opposite of wealth. Its very existence means that something else of actual value is owed back to its issuer, which for Americans means paying back the Federal Reserve for printing and issuing it in the first place.
It can be somewhat difficult for folks new to the concept to understand, but just think of it like Monopoly money. When the U.S. government requires money for issuance, it has the Treasury Department prints bonds, or promissory notes that represent debt obligations. These debt obligations are then sold to the Federal Reserve, which prints its fake fiat notes to lend back to the government. This gives the Federal Reserve complete control over the government, and by proxy the American people (at least those who don’t exercise their right to redeem Federal Reserve Notes for lawful currency).
The result of all this money “hacking” by private banking entities like the Federal Reserve is that debt climbs to epic proportions, even as gross domestic product (GDP) plunges to record lows. On a global scale, the latest figures show that global debt now represents a whopping 327 percent of the world’s total GDP. This means that the world owes the banking cartel more than three times in debt what it can even produce in goods and services that have actual value.
Thomas Jefferson recognized these blood-sucking private bankers and their central banking schemes as the parasitical scourges that they are when he stated the following in support of a constitutional amendment to outlaw government borrowing from private central banks:
“I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.”
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