Comment: The financial cliff is a myth

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The financial cliff is a myth

created by our politicians who are in bed with the bankers. They sell bonds (gov IOU's backed by the serfs ie you and me) and in return the FRB engineers "money" "value" based on those bonds. They in turn bought govt bonds with nothing, and in return receive interest on all money that is created, and once those bonds mature they have only 2 options, 1) collect their FRN's in the amount the bonds are worth which means they take their FRN's back that they used to pay for them plus some because the bonds grew in value, or 2) they could use the value of the old bonds and buy new ones or just roll them over. Either way it is a perpetual debt machine designed to always keep us in debt, and always keep the debt growing (for if we were to pay all our country's debts, ie mortgages, municipality, state, and federal there would be zero FRN's in circulation.) That's the genius of voodoo debt currency fractional reserve money manipulation and creation. The bankers are not naive nor dumb, and neither are the pols who are beholden to them (the same cannot be said for the majority of voters which is quite sad.)

If mainstream society keeps going at the same rate with out sanity, it would not surprise me if the next generation see a national debt in excess of quadrillions, however I see other nations waking flushing the FRN USD long before most Americans discover the fraud.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James