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How do we eliminate the paradox of poverty & privation amid plenty & abundance?

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Author Topic: How do we eliminate the paradox of poverty & privation amid plenty & abundance?  (Read 6486 times)
Geolibertarian
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« Reply #40 on: April 13, 2011, 04:27:16 pm »

http://www.prisonplanet.com/good-economic-numbers-don%e2%80%99t-be-fooled-by-the-financial-sugar-high.html

We have lived far, far beyond our means for decades, and most of our politicians are acting like this can go forever.

As I explained on page 1 of this thread when the author of the above blog parroted this same talking point in a previous article, the problem is not that "we" have been "living" beyond our means, but that ruling-class oligarchs have been parasitizing us beyond our means.

Whether they realize it or not, those who blindly insist otherwise are merely shifting blame from where it belongs -- on the financial terrorists who engineered this economic collapse in the first place -- to where it does not belong -- on the lower- and middle-class victims of the collapse.

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"Have you ever wondered how everyone -- governments, corporations, small businesses, families -- can all be in debt at the same time and for such astronomical amounts? Have you questioned how there can be that much money out there to lend? Now you know: there isn't. Banks do not lend money; they simply create it from debt....Isn't it astounding that, despite the incredible wealth of resources, innovation and productivity that surrounds us, almost all of us -- from governments to companies to individuals -- are heavily in debt to bankers? If only people would stop and think: 'How can that be? How can it be that the people who actually produce all the real wealth in the world are in debt to those who merely lend out the money that represents the wealth?' Even more amazing is that once we realize that money really is debt, we realize that if there's no debt, there'd be no money. If this is news to you, you are not alone. Most people imagine that if all debts were paid off, the state of the economy would improve. It's certainly true on an individual level. Just as we have more money to spend when our loan payments are finished, we think that if everyone were out of debt, there would be more money to spend in general. But the truth is the exact opposite: there would be no money at all. There it is: we are totally depenedent on continually renewed bank credit for there to be any money in existence. No loans, no money."


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Was it "we" who created the quadrillion-dollar derivatives bubble? No, it was the bankers who did that.

Was it "we" who, through the use of bought-off politicians, instituted a debt-based money system in which "borrowing" is the only way any money is allowed to come into circulation in the first place, in which money is destroyed whenever the principal of a bank loan is repaid, and in which the money needed to pay the interest on all these loans is never created to begin with (thus creating a built-in shortage of money, and hence a dog-eat-dog, musical chairs economy)? No, it was the bankers who did that.

And was it "we" who knowingly failed to provide lawful consideration for any of the collateral-backed IOUs that were accepted by private banks in exchange for the non-existent "money" they loaned? No, it was the bankers who did that.

So the wealth-producing lower and middle classes must not let themselves be bullsh*ted either by the global warming cult or by the let-the-banker-engineered-depression-"run-its-course" Austrian School cult into falsely believing that they must pay the price for the economic crimes of the non-producing, parasitic banking class.

It's the Rockefellers and Rothschilds of the world who should be forced into bankruptcy and foreclosed on, not us!

Or, to put it another way, it is not "we" who should be made to experience a standard of living far below what we've grown accustomed to, but parasitic robber barons who should be made to experience a standard of living far below what they've grown accustomed to!

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"For the first years of [Ludwig von] Misesís life in the United States...he was almost totally dependent on annual research grants from the Rockefeller Foundation.Ē -- Richard M. Ebeling

http://forum.prisonplanet.com/index.php?topic=162212.0
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