"Ignore him and hope he goes away" may work with the overly amorous but its unlikely to work as well on taxmen, bill collectors or banksters. Now, by "banksters" I'm not referring to your friendly manager down the street. I'm referring instead to an elite group of well-heeled types who control fair more of your life than you can possibly imagine. A quote I recently read ran something like, "give me the ability to print a nations currency and I care not who runs the country." Give it a minutes thought and you can begin to understand what a privilege it is to have total control of a nations, (or the worlds) currency printing press.
Originally, of course, paper currency was meant to represent real goods with real value. You can in fact, still create your own currency legally by writing a promissory note. "I promise to pay James Bunyan forty bucks for the old hog and her litter before next June the fourth." for example. Now if the bearer of that note chose to pass it to his neighbour in exchange for some chickens, the hog-buyer would owe the chicken seller the forty bucks. So you see from that how paper money came to be and basically how it works.
Now I'll confess that in high school, Gerry Dokken, my economics educator met me in the hall and told me I was almost going to pass economics. I proved him dead wrong and took home a 50 percent grade. So bear that in mind as I continue my in depth explanation of the intricacies of the economic environment in which we currently find ourselves entangled.
And entangled we definitely are. It seems that most of the countries of the world have bought into the easy money concept of buy now, pay later. And no wonder! What newly elected politician wants to go before his electorate and announce that, by crackey, the cupboard is bare? Or worse, that "unfortunately, due to unforeseen and unavoidable expenses, we're going to have to hang you all upside down and shake you a bit more."? Much easier and less painful on the electorate to simply borrow the money from afar. And so we live in a world in which most governments seem to have opted for this solution to providing the needed goodies for the people, and of course, "for the children."
Its becoming increasingly clear that we wont be able to vote our way out of this one. I'm speaking here as a Canadian, but you Americans are on the same island, so to speak. Canada, according to the World Debt clock owes over a Trillion and you guys, well, you're in a bit of a jam also. And no matter who we elect, that debt clock is going to go right on a tickin" away. I think someone has thought of that. Someone who holds the keys to the printing presses of the worlds currencies. They lend the money to banks and governments who in turn disperse it accordingly all the way down to you and me. Problem is, there is never enough money created to provide for repayment....plus interest!
And compound interest, when it works in your favour is a wonderful thing. Like a snowball rolling down the hill, getting bigger all the time. But when it works against you it is a terrible foe. And the problem has become so pronounced that the Central Bankers are reducing the interest rate below Zero, actually beginning to charge for the deposit of money! I really don't think there is even a fictional book on the earth that has alluded to this possibility of this ever happening!
And what are the banks telling us by charging for the deposit of our cash? "Go away and be gone!" "Were only interested in the borrowing kind of customers." It seems that the rules around how much cash the banks need in order to borrow out a given amount have been relaxed to the point where they don't seem to need anymore than enough for daily cash withdrawals at the atm! After all, those who control the printing press of the worlds currencies don't really play by the same rules as the rest of us. The "money" they print represents pretty much thin air. In fact, by controlling who gets what loan when and how, they have near absolute control of the worlds governments, the media and your life too. my friend.
What happens, for example, if they decide they want to increase the interest rate on the money "owed" them just a bit, not like they did in the eighties when I got caught paying 22 percent, but only five percent or so? The effect on the street would be indescribable. Mortgage payments tripling in some cases.
Check it out with your banker.
Or worse, still. what if, as some are already reportedly experiencing in the US, http://r.search.yahoo.com/_ylt=A0SO82JZbj1VADYAIwnrFAx.;_ylu=X3oDMTE0djRkZmMxBHNlYwNzcgRwb3MDMQRjb2xvA2dxMQR2dGlkA1ZJUENBMTBfMQ--/RV=2/RE=1430118105/RO=10/RU=http%3a%2f%2fwww.cleveland.com%2fbusiness%2findex.ssf%2f2014%2f02%2fchase_bank_stops_accepting_cas.html/RK=0/RS=nxI3WH8.FputaR8Gj3mroV.4HrU- banks and governments begin to rid themselves of the problem of untraceable, untaxable cash transactions by refusing to accept cash for payment on credit card and mortgage debt? Were this to become a widespread practise by the banking community, we would all be refusing to accept it as payment pretty much right away.
Whatever happens, it is a certainty that changes in the way we conduct our daily business are in the wind. There is just no way that individuals, businesses, or governments can borrow indefinitely into the future. Eventually, when the total of all goods and services the country produces is insufficient to meet even the interest payment on the national debt, default will occur. And what happens to us all next will be the decision of the banksters. So Thanks for letting me scare you today!