Kill the CREDIT Monster!
by James
Jaeger
Well done
fellow Americans, you took a stand!
A 770 point
drop in the Dow on 29 September 2007
just after the Congress announced a
$700 billion dollar BAILOUT for the
elite Wall Street Bankers. The
largest single-day point drop in the
history of the stock market. What
does this mean? It means maybe the
American public is FED UP! Maybe
Main Street is fed up with Wall
Street and the MONEY CHANGERS'
constant siren for MORE CREDIT.
Maybe Americans are reaching a point
where they recognize that they don't
NEED or WANT any more CREDIT and the
enslaving DEBT that goes along with
it!
A. Maybe
they don't CARE if there is no more
CREDIT for a new car.
B. Maybe
they don't CARE if there is no more
CREDIT for a college tuition.
C. Maybe
they don't CARE if there is no more
CREDIT for a new house.
D. Maybe
they don't CARE if their employer
can't borrow money to make payroll.
A - D has
endlessly been threatened by the
corporate media's talking heads in
an attempt to get the American
taxpayer to once again bail out Wall
Street and the FIAT MONEY banking
system it uses to rape and pillage
endlessly.
Americans
are sick of DEBT. Americans don't
WANT any more CREDIT which leads to
DEBT.
Americans
don't HAVE to go out and buy another
greasy, overly-complex
internal-combustion-engine-car that
burns yet more environment-killing
oil and fossil fuels and turns our
cities scummy gray.
Americans
don't NEED more credit card-financed
DVD players, wide-screen TVs or
digital crap that's made in China
with child slave labor.
Americans
don't NEED a college education when
all they need to do get out books
and start reading MORE and watching
mainstream media TV LESS.
And if they
DO need any of these things, if
these things are that darn
important, let them SAVE for them.
Endless
CREDIT made possible by endless
printing of FIAT money just drives
the cost of all these things up
anyway. Prices fall to reasonably
levels when they aren't driven up
with artificial money (CREDIT) being
spewed all over by the Federal
Reserve bankers and their buddies on
Wall Street.
CREDIT =
RISING PRICES
$80,000 for
a year of college?! That's
preposterous!
$35,000 for
a car?! That's preposterous!
$250,000
for a house?! That's preposterous!
42 cents to
send a one-ounce letter somewhere?!
That's preposterous!
ALL these
preposterous prices are a result of
endless CREDIT, endlessly destroying
the PURCHASING POWER of the dollar
through fiat currency and fractional
reserve lending.
And the
banks (and their Wall Street
buddies) create all this CREDIT out
of thin air and then saddle
Americans with DEBT for life.
Americans
may be on the verge of realizing the
only good credit card is one that's
been CUT in half.
All Wall
Street wants to do is keep Main
Street addicted to CREDIT.
MORE CREDIT
= MORE DEBT.
You need
more credit, they endlessly scream!
Don't you want to borrow MORE money
from our bogus fiat money system,
they scream? Here's another credit
card in the mail. Your phone rings
with more credit card offers. More,
more, more.
The sooner
Americans realize they can SURVIVE
without MORE -- more CREDIT -- the
better off they will be.
The
debt-peddling scum on Wall Street,
and in the Federal Reserve Banking
System, have American so strung out
on credit and debt they don't know
what to do.
So what if
the market crashes! So what if it
drops another 770 points or more. It
comes down to this: either Americans
take a stand against the debt/credit
monster NOW and let the
overly-consolidated banks and other
corporations
fail, OR the
system will grow ever larger and the
CRASH will be ever WORSE.
It is time
to confront the CREDIT MONSTER
that's eating up the nation and
funding endless ill-advised wars and
endless social handouts.
The only
reason the banks and Wall Street
REALLY want you, the taxpayer, to
bail them out is because they MUST
generate more CREDIT in order to
continue their Ponzi scheme.
Remember, every dollar they loan
into circulation (as CREDIT) has
debt service attached to it. In
order to service that DEBT, yet MORE
money must endlessly be created for
the economy. But with the additional
money comes additional debt service.
It's a big scam, a ponzi scheme.
Watch a movie on the Net called
MONEY AS DEBT
to get the details.
THE WORLD WILL GO ON WITHOUT CREDIT.
Let Wall
Street EXPLODE on its greed and
stupidity! The remnants of Wall
Street and the banking industry will
provide new opportunities for new
people and new businesses to thrive.
Just like a star going supernova
provides the basic elements that
make life all over the universe
possible, the death of Wall Street
as we now know it will present new
opportunities for a better financial
system.
Just like
the death of the dinosaurs made way
for smaller mammals and eventually
you and me, let Wall Street and it's
fiat money enabler, the Federal
Reserve System, go the way of the
dinosaur it is.
And after
the banksters and ponzi scum are
gone, NEVER allow them or anyone
to install
another FIAT MONEY system again.
This means JUST SAY NO TO A GLOBAL
FIAT MONEY SYSTEM. This means NO
Amero. This means NO Bancor or
expanded Euro.
The last
time the MONEY CHANGERS foisted
THEIR banking system on the American
public was 1913 after a secret
meeting on Jekyll Island. Don't let
them do it again.
Article I,
Section
8 &
10 of the
U.S. Constitution warns Americans
that MONEY must be GOLD and SILVER
and the ONLY paper currency that's
permitted is paper that is
redeemable in GOLD and SILVER. That
means BACKED by gold or silver. A
backed currency is supposed to be a
check and balance on the elite
bankers that would print up too much
currency to lend to too many
sub-prime borrowers.
IF
AMERICANS BAIL OUT THE SCUM ON WALL
STREET NOW FOR $700 BILLION, THEY
WILL HAVE TO BAIL THEM OUT FOR $1.5
TRILLION OR MORE LATER ON.
Do the
math. It is mathematically
IMPOSSIBLE for a FIAT money system
to last more than a certain amount
of time. Every FIAT money system
that has EVER been established in
the history of the World has ended
badly. Watch
MONEY AS DEBT
and
FIAT EMPIRE,
both docs on the Net for free.
Don't play
the CREDIT game!
Don't need
DEBT!
Don't bail
out Wall Street Banksters!
Remember,
only about 5% of the American people
are significantly involved in the
stock market. After the last
TECH-STOCK BUBBLE burst, many got
the message and left the stock
market. The message is this: ONLY
insiders, brokers and investment
bankers consistently win at the
stock market. Read EMPIRE OF DEBT by
Bill Bonner for substantiation of
this statement as well as to get a
full picture of the DEBT BUBBLE Wall
Street and the Federal Reserve
System have created. Again, watch a
documentary film entitled,
FIAT EMPIRE
(www.FiatEmpire.com)
to get further details from Ron Paul
and other experts that are ACTUALLY
looking out for the folks.
Let the
CREDIT MONSTER die.
You don't
NEED that new car or 5th TV set
right now. College tuition is WAY
too high anyway and the curriculum
taught at most colleges is designed
to produce yet more clone employees
for the current debt-ridden system.
You don't need college at this time.
And the
threat that your employer MUST have
credit so s/he can make payroll?!
Well if your employer is this much
on the edge, maybe you should look
for new job. Any employer that can't
set aside enough cash to meet a
fixed-and recurring-expense like
PAYROLL, isn't very good at
financial planning. And if your
employer needs DEBT to meet payroll,
maybe he's hired too many people and
it's only a matter of time before
THIS company goes belly up. Get out
before you get burned and most of
all, don't let apologists of the
Wall Street DEBT system scare you
with PAYROLL threats.
Capital
Formation and Store Credit:
If you are
hopelessly addicted to buying things
NOW and paying for them LATER,
encourage a system of STORE CREDIT
or VENDOR CREDIT. Stores and vendors
(the people and companies you buy
things from), can and will offer to
DEFER payment for their goods and
services, thus, offering you a form
of credit without a BANK MIDDLEMAN.
If the economy were based less on
BANK CREDIT, and more on NO CREDIT
or STORE CREDIT, the money you and I
spend on INTEREST and DEBT SERVICE
could be retained by Society in the
form of SAVINGS and CAPITAL
FORMATION. The endless trillions we
all hand over to BANKS for
interest-bearing CREDIT could be
retained by us and the companies
that provide us with products.
As long as
an electronics store, auto dealer or
home builder is receiving monthly
payments for their products, they
can use this cash-flow to pay for
the production of their future
products and thus stay in business.
Their customers will actually be
BETTER "credit risks" because they
won't be ENCUMBERED with
interest-bearing BANK DEBT. You
remove the BANK middleman and his
INTEREST payments from the equation
and EVERYONE in society has MORE
wealth. THIS is the way things were
prior to the formation of the
nation's third central bank in 1913.
Business was doing great, so well in
fact no one needed to borrow money
to expand. Savings, known as CAPITAL
FORMATION, made it possible for
American industry to self-finance.
The only ones suffering were the
predatory banks on Wall Street.
Thus, they created artificial PANICS
and bank runs in order to scare
People into demanding the government
do something, BAILOUT them out.
Sound familiar? Thus, the Federal
Reserve System was secretly planed
by the New York bankers and ushered
through Congress - in a similar way
as the Patriot Act and the current
$700 Billion "Rescue" Act. When will
people learn that the government and
its enabling MONEY CHANGERS use the
same tactics century after century,
millennium after millennium, yet
little changes when their tactics
are employed? Let the CREDIT MONSTER
die.
The Federal
Reserve BANK then did what all
central banks do: got busy setting
the groundwork for FIAT CURRENCY and
FRACTIONAL RESERVE LENDING.
Gradually it weaned the nation off
gold- and silver-backed currency so
that it could print up all the FIAT
currency it wanted and lend this
paper out to industry at
ARTIFICIALLY low interest rates.
Artificially low interest rates are
made possible because FIAT currency
-- not backed or based on anything
of value -- can be created in any
amount, out of thin air. Thus the
banks have the LATITUDE to lend at
interests rates BELOW THE MARKET
VALUE OF MONEY THAT REPRESENTS REAL
VALUE, value as a result of human
effort and production. Value as a
result of being backed by gold or
silver. Value as a result of being
made of sweat labor and equity.
Thus, by flooding the capital
markets with FIAT currency, the New
York banks were able to remove all
the incentives for capital formation
and savings. As industry stopped
saving and forming its own working
capital, it began borrowing fiat
money from the Fed banks. It stopped
self-financing (in a similar way
Americans have stopped
self-governing). It did this because
the interest rates were artificially
low. But in exchange for "cheaper"
money, industry had become a DEBT
SERVICE SLAVE. Now all industry and
almost all Americans are also DEBT
SERVICE SLAVES.
When you
print up money that's not backed by
gold or silver, you can print up as
much as you want. This "FIAT"
currency, created out of thin air,
when lent at ANY interest rate,
creates almost an unlimited PROFIT
margin for the Federal Reserve
member banks. You have thus
effectively distorted the entire
ECONOMY and "free market" because,
while every other industry must work
hard to create real products with
real effort, fiat money-issuing
banks, and their Wall Street
enablers, live the good life by
charging interest on financial
"products" created out of thin air.
With such an undue advantage over
all other industries, is it any
wonder their is a bank or two on
almost every major intersection in
America? Is the excess we see on
Wall Street, and amongst the
corporate plutocracy, really any
mystery?
Don't use
BANK credit generated by fiat money
and fractional reserve banking. Use,
and promote, STORE CREDIT if you are
a hopeless credit addict.
The Bottom
Line:
MAIN STREET
DOES NOT NEED CREDIT TO SURVIVE AND
PROSPER.
WALL STREET
DOES NEED CREDIT TO MAINTAIN ITS
PONZI SCHEME AND SURVIVE OFF YOUR
BLOOD.
Don't give
any more blood.
Let Wall
Street crash and burn.
Why should
every taxpayer have to be personally
responsible for shelling out over
$5,000 to bail out the scum on Wall
Street that have done nothing but
live high and mighty on FIAT money
the past decades?
Remember,
the multinational corporations that
out-sourced YOUR job (or the job of
your family or friends) buy and sell
their stock on Wall Street. These
multinationals have hired cheap
Chinese slave-labor to replace YOU
and YOUR job so THEY, and their Wall
Street stockholders could get rich.
The obscene profits they have made
have gone to such things as
Gulfstream G550s and CEO salaries
350 times higher than the average
wage they pay to their employees.
Then when these Benedict Arnold-CEOs
leave their companies, even after
setting the entire place on
financial fire, they usually receive
"GOLDEN PARACHUTES" worth millions
or tens of millions in severance
pay. Meanwhile their employees, such
as was the case with ENRON, not only
get laid off, but lose their
retirement funds and often the homes
(because they can't keep up their
Fed-member bank mortgage payments).
DON'T BAIL
THIS SCUM OUT! Let their parachutes
fail. Let them get a real job back
on Earth. Let them put the $350,000
they paid for their RAPE & PILLAGE
college "education" to some other
use.
America
will be better without credit and
endless debt.
Let the
national health crises be remedied
by liquidating Wall Street.
Americans' health is more important
than 100,000 Wall Street bankers'
acquisition of a 3rd, 4th or 10th
car and/or a second, third or fifth
house. Liquidate Wall Street to pay
for Main Street. These elites on
Wall Street do NOT own the wealth of
America. YOU do. It's YOUR wealth.
YOU worked for it. YOU pay for your
living with real MONEY, not FIAT
money created by accounting tricks.
Why should you pay debt service on
money created out of thin air and
lent to you as CREDIT?
Don't let
your congressman off the hook. If
s/he votes to bail out Wall Street,
make it clear his or her voting days
are numbered.
Never bail
out Wall Street; they have never
offered to bail YOU out! They just
take your houses, cars and life as
collateral to unjustly enrich their
lives -- while they allow you to
sink into oblivion.
To hell
with more Wall Street, Federal
Reserve-infested bankers. To hell
with the additional CREDIT they are
begging you to take on and thus be
saddled with additional DEBT. Take a
stand now. Kill the CREDIT monster
or it will kill YOU and YOUR
America.
Addendum:
Since this
was originated, a
$700 billion bailout passed
Congress. It
is now incumbent on every citizen to
note which of their Congressmen and
Congresswomen voted for this insane
bailout and make absolutely certain
they do NOT vote for that
Congressperson in the next election.
Note that BOTH Obama and McCain
voted FOR the bailout, demonstrating
how loyal they are to the
Establishment and their buddies on
Wall Street that have provided the
financing for their campaigns. These
two political abortions now have the
gall to claim they represent CHANGE
for regular Americans. Dream on! The
ONLY candidate that would have
actually CHANGED anything was RON
PAUL, and the corporate media
disposed of him as fast as it could.
This
corrupt and unconstitutional
government -- more friendly to its
buddies on Wall Street and the Media
than its constituents on Main Street
-- MUST be overthrown. Vote them
out! Go independent. Vote
Libertarian. Don't vote for ANY
incumbents. The Democrats and
Republicans (DemGOPs) are there to
PREVENT CHANGE. See an article
entitled, "OVERTHROWING THE
CORPORATE GOVERNMENT - How The
People Can Regain Control Over
Corporate Interests That Have
Hijacked Congress" at
http://www.mecfilms.com/universe/articles/overthrow.htm
for details on the advantages and
strategy rationale.
Originated: 29 September 2008
Revised: 19 October 2008
If you agree with at least 51% of
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media may or may not address this
subject, thus it's up to responsible
citizens to disseminate important
issues so that a healthy public
discourse can be pursued.
Don't
forget to click on the below link to
watch FIAT EMPIRE - Why the
Federal Reserve Violates the U.S.
Constitution so you will have a
better understanding of what fuels
many problems under study by the
Jaeger Research Institute.
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