The news has been that the crisis with the banks may be
over and that no great failures are in the future. I beg to differ.
I also feel that our greatest worry is inflation rather than a recession.
If we continue in the direction that we are going the dollar will conitnue to
fall and than a real disaster could occur. I thought that this article
might be of interest to those who are on the brink.
By Dr. Russell McDougal
America?s debts
will never be paid off. They are too large and we?ve long since passed the
point of no return. The Fed?s corrupt monetary system actually depends
upon expanding debt. Do you ever wonder exactly who the
primary beneficiaries of this debt are?
Yes, I?m talking
about money and the Federal Reserve once again. There are few more
important local or global topics. Especially since the Fed is now playing
out an end game scenario.
You?ve heard my
description of the Fed as the ?ultimate franchise.? You?ve seen their mechanisms of reaping
where others have sowed. Today, you?ll get a glimpse of their harvest.
This editorial can be considered Part 15 of the series that so dismayed
colleague Andy Carpenter when he thought it ended. I hope he wasn?t being
facetious.
Economists of all
stripes describe the national debt of $9 trillion as having little importance.
They say this is because ?we owe it to ourselves.? That is far from
true.
The following chart
is from Mike Hewitt?s excellent DollarDaze article
entitled ?Who Do We Owe and How Much??
This chart
demonstrates all incurred debt in the US during
the brief time frame of 2001 to 2006 - individual, corporate, and
government. It totals $10.73 trillion. Do not
confuse this with the $9 trillion - listed ?official? national debt accumulated
over a much longer period of time.
My key point in
this essay is to demonstrate exactly who the money is owed to.
It is definitely not to ?ourselves.? Look at the top figures in the
green chart above. More than $3 trillion is owed to foreigners. $2.4
trillion is owed to commercial banks.
$1.19
trillion is owed to the Federal Reserve!!
Remember, the Fed
is a private corporation. A large portion of its owners are also elitist
banking foreigners.
If you add what is
owed to the Fed with what is owed to commercial banks, you get the grand sum of
$3.65 trillion. This is 34 percent of the total borrowed amount of $10.73
trillion. The Fed?s $1.19 trillion is 11 percent of the total borrowed.
Nice pay for six years of ?work,? no?
What exactly did
the Fed do to earn this money? They didn?t even have to go to the trouble
of printing it. They just make digital entries on the master computer and
the ?money? appears.
They ?monetize?
political promises (lies), cow chips, failed mortgages, or whatever they choose.
We owe them this sum! That, my friend, makes you a
serf. Pay up.
At some point the
national debt is similar to the debts owed by a bankrupt individual on a
last-minute spending spree. Right before the plastic is cut into pieces.
Broke is broke - might as well go out in style. Maybe the U.S. can
find further funding to continue exponentially expanding its debt, but that is
exceedingly unlikely.
Someone
(individuals, institutions, or nations) has to continue loaning money to the
U.S. When it becomes blatantly obvious to all that the money cannot be
repaid, the loans will stop. There will be demands for repayment of
existing loans. Game over.
Don?t forget - the
federal debt is only a tiny portion of total U.S. debts. You
have to add in the presently unfunded liabilities. Try $48
trillion and counting. Do you think it?s possible to honor this escalating
debt? Regardless, the Fed masters couldn?t be more pleased.
The US has been plagued by central banks from inception. We presently
do not have financial independence. Where are the patriots?
Do not have
unprotected finances.
Invest
Resourcefully,
Rusty
P.S. To let me know what you
thought of today's article, send an e-mail to: feedback@xxxxxxxxxxxxxxxxxxxxxx.