The Debt Trap
- Category: Philip Jones - Writings
- Created: Wednesday, 27 May 2009 14:44
- Written by Philip Jones
The Debt Trap.
By Philip Jones.
In order to fully understand and appreciate the Global Conspiracy, it is essential for us to understand the background to the World Money System. This is not taught in Schools or Universities, and no `economist` or TV News financial correspondent is going to let you into the secret either. Most of them haven't a clue what is going on, (having been programmed by the `Education` system) and those that do know, want to keep it to themselves.
The foundations of the manipulation towards a world government, army, bank and currency are built on the fantastic `con trick` we call the banking system. Once we understand how this works, then it becomes easy to appreciate how a few people can control the lives of everyone on this planet.
So how does this `scam` work ?
The banks are given the power by governments to create `money`, which actually means creating `non existent` money in the form of credit. This costs them nothing, but the moment this credit is brought into `theoretical` existence, the banks can begin charging interest on it.
This is the system which directly or indirectly controls everyone's life. But it goes further. When you go to a bank for a loan, the bank creates credit to the size of that loan, 600.000, 00 DKK for example. This, if only in theory, is `new money`. But not only are you going to need to pay back the `loaned` amount, but also the interest on that amount. This `interest` is not created by the bank, but it still has to be found from somewhere. So where from ? From the wealth and credit already circulating in the world. In your case, from the `money` you either earn, or from `money` you gain by selling your possessions etc.
In this way, the real wealth of the planet is sucked into the banking system in the form of the interest paid on every loan made to every person, business and government. This insanity has allowed banks to lend even more `non existent` money and get the world even deeper in debt. The wealth and credit loaning capacity the `Central Bankers` have accumulated is beyond imagination. It far exceeds the supposed wealth of, for example the United States. The so called `Richest Country` in the world. In fact they own the US as they do almost every country on earth. The Bankers have used this wealth and credit, to buy and control the Global Oil Companies, Multinational Corporations of every kind, the Media, Armament Companies, Pharmaceutical Companies, Politicians and their `advisors`, and more or less everything else they need to control the world.
The same few people own it all. They hide this behind `front` organisations, phoney companies and puppet `directors`, and are aided in their desire for secrecy by an owned and compliant media and a `bought and paid for` deviant `Education` system.
The Rothschild's and Rockefellers alone, own and control a huge network of banks, oil companies, multinational corporations, media organisations, airlines and much more. It is said that the Rockefeller's ability to hide the extent of their power is phenomenal, but the Rothschild's borders on genius. The Rothschild's are not in the `big league`, financially speaking, they are the `big league`.
This covert intertwining of power in banking, politics and the media allows the same few people to promote the same policy throughout an array of apparently unconnected institutions and organisations.
Now we come to the `Crunch`, the nuts and bolts as it were. By controlling the creation of credit, the bankers can create `Boom and Bust` throughout the world's economy, whether it be nationally, or internationally. An economic depression is NOT caused by a decrease or collapse in demand for goods and services (as the `economic experts` tell us). People do not decide that suddenly, they no longer want jobs done, or articles produced. An economic crisis is caused when there are not enough pieces of paper and electronic `money` in circulation to pay for those goods and services. And it is the bankers who control the amount of money-credit in circulation. They reduce the number of loans they make and increase interest rates.
This `reaps` a massive reward for the bankers. The interest on loans taken out before the manipulated economic `collapse` still have to be repaid, and if people default on those repayments, the banks take their property, thereby increasing significantly the amount of `Real Estate` they (the bankers) own. Additionally, with every payment of interest made by those who are able to continue paying their loans, more `money` is taken out of circulation, thus worsening the economic depression.
This process of taking `money` out of circulation has been going on for years, even centuries, but is discernible particularly since the beginning of the 20th century. The `Economists` and their `lapdogs`, the Politicians and economic correspondents say it is part of the `Economic Cycle`. RUBBISH !! In the 1930's, the economic depression in which men, women and children starved in their thousands (in a world of plenty) was caused by the banks withdrawing money from circulation by refusing loans. It wasn't that people no longer wanted to eat. They simply could not afford to do so because the `money` had been withdrawn from circulation.
Robert H Hemphill, a credit manager at the federal Reserve bank in Atlanta wrote;
"This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have, cash or credit. If the banks create ample synthetic money we prosper, if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilisation may collapse, unless it becomes widely understood and the defects remedied very soon".
We now hear almost every day how the US economy is `collapsing`. This is not part of some `economic cycle`. It is created and intended in order to break down the only country left which could stop the creation of the `One World State`, or `New World Order`.
The irony is that the majority of those working towards this goal in the US itself are those who have sworn oaths of loyalty to the very constitution they are working so hard to destroy.
Those of you who are not American should not forget that where goes the US economy today, so follows the rest of the world tomorrow.