I popped by a friend of mine’s FB Wall and saw her status.
The word BANK popped out of the screen and smacked me on the retinas.
The thread was a discussion between American Moms concerning money.
It was interesting to read what they felt.
Here is how the short chat went down (My Commentary at the end):
Christine Peterson: Watched PBS Frontline (bank cards) late last night about banks. They follow the laws but twist it into their own form. They are making all of their money off of the poor; people living paycheck to paycheck. I remember Senator Kennedy trying to pass legislation on this but the Republicans rejecting it. Everyone should watch this that has ever had a bank fee.
Think about what your dollar is backed by and then let’s take this Discussion from there.
What is your dollar backed by?
If it is backed by gold, the dollar will stay pretty much the same in value.
If it is backed by something abstract, then it can be easily manipulated.
Think about it.
Greetings Ladies, my apologies for the delay.
Stephanie is in the ball park because your Money is not backed by anything but Labor. China’s major resource (for now) is cheap Labor. Fiat money which is what the Corporate Bank issues (google: fiat currency) can be manipulated by Financial Corporations like The Federal Reserve Bank (FED). The FED is a private bank partnered with the government.
The FED is a Private Institution that controls the American Dollar. The Federal Reserve Bank is about as Federal as Federal Express.
One can easily observe logically how the FED is not governmental (though partnered with the GOV):
First, they have a CEO. Government entities do not have a CEO.
Second, the GOV borrows money from the FED. How does an entity borrow from itself then?
I need 20,ooo dollars to buy a car. I’ll lend it to myself and then pay myself back with interest!
Also, research why the GOV borrows money from the FED in the first place.
Now let’s talk about the money the FED makes.
What is Money backed by? It is backed by NOTHING but your Labor. And since many people use credit cards, money = debt.
LABOR: If the average person (Pat) digs a hole for an hour, Pat will be spending about the same amount of energy (calories burned or Labor) as the rest of us. We can probably agree that as Humans, on average, we expend the same amount of energy/calories burned/LABOR on specific tasks and have so since our Species climbed down from the trees.
TIME: An hour doesn’t change at all. I’m sure a PhD in Physics can tell you about the minute changes in Time over the last few billion years, but for us, an hour is an hour and has always been so, even when it seems to speed by when you’re having fun.
Now this brings us to our Basic Needs.
We have 2 Basic Needs:
Food & Shelter.
Right up until the Industrial Revolution and arguably the end of World War II (with the exception of Slaves & modern day slaves), our Species through-out the year spent on average just a few hours a day obtaining these needs.
Compare that to now where the average person spends over 10 hours a day focused solely on their jobs.
The fact that money can be made out of thin air means that they can make as much or as little of this paper moneyas they want.
This is the Trap.
The FED makes a lot of Paper Money, then everyone has it, the economy is ‘good’ and the Massses often spend more than they should and get themselves into Debt.
The FED stops making Paper Money, then everyone struggles, finds it difficult to pay back their outstanding debts AND the value of your Labor goes down.
So when Pat digs a hole for 10 bucks an hour, Pat’s labor & time are the same, but that 10 bucks is manipulated.
I remember when a nickel could buy a tank of gas! ~ Grandad
This makes Pat a Slave to the System… and a whole bunch of other people you know…
The trick is that you spend freely because you’re financially secure and deserve the Good Life. You borrow freely because you have that secure feeling that you will be able to pay it off in the future.
People are now finding out that there is something wrong in the Land of Milk & Funny Money.
You put your money into a bank where they use your savings for other investments. They throw you a bone with 3% interest (a bone doesn’t have much meat on it, does it?) while they are making huge amounts off your dollar. And coming up with devious plans to make even more.
So if you have 1000 in the bank, the bank will make about 9000 (this is a conservative estimate) off your money. It’s called Fractional Banking… check it out.
We won’t even get into what Corporate Banks invest in that aid in the destruction & demise of our Planet.
This was a quick Brainstorming Blurb and will be updated soon.