What is the difference between a boom and a bust? Simply, the amount of money that the super banks, allow to be loaned. Lots of easy to get loans - a boom. Much fewer loans that are more difficult to get - a bust. During a boom, inflation is curtailed, or at least the government published figures are curtailed, by having excessive amounts of non-essential products, backed by multi-million dollar marketing campaigns.
When the super banks chose to create fewer new loans, the amount of money in circulation remains as before, it’s just that the amount of new magic money being brought in through loans is much less. Interest rates rise, and the people that obtained loans during the boom phase, will soon have difficulty paying the loan back as jobs are scarce and salaries lower. Many of them then default on the loan payments. As loans are now tough to get, you cannot get another one, and that wonderful mortgage clause then comes into effect. “If you default on a payment, your property may be at risk”. Most loans are “secured” with something tangible that the banks can steal from you. Most people do not realise that the bank owns their house, car, whatever the loan pays for, until that final payment is made and the deeds are in your hands. The people, and the people’s government have never been so indebted, ever. Loans are still easy to get, indeed easier than ever. During a recession, or the imminent collapse, people no longer spend on the un-necessaries. Instead, they use the money to buy essentials, such as food. The amount of money in circulation is still the same. The difference is what it is being spent on. This would be the mild inflation of a recession. During a collapse, the essentials are in extremely short supply. This means that people are willing to pay a great deal for something as simple as a loaf of bread. This is hyperinflation. This has manifested in the past as the mountains of paper money that are not worth anything as there is nothing to buy.
The reason why people are so indebted is simple. If people only paid what they could really afford for a house and on mass, refused to pay more, there would be no spiralling debt. However, because people have become inherently greedy and sickeningly materialistic, all the banks have to do is offer big loans. As soon as these loans are available, greedy people are willing to go into debt, today, so that they can have the possessions they need to affirm their sense of self, today. The inevitable consequence of this is that the prices rocket as more and more people over extend themselves to feed their fractured egos with new cars and other toys. Bottom line, on mass, no greed = no debt.
What is the purpose behind debt?
The people are now so indebted that the slightest financial upheaval and most will be immediately in trouble. It is this indebtedness that the elite are going to use to transfer assets from the people into their own hands. Long term, under the World Government, you will be allowed to live in a government house, as long as you do as you are told. The clause “If you default on a payment, your home may be at risk” will be replaced with, “If you don’t do as you are told, you will no longer be able to live in this house.” Taxation is intended to be sky high, perhaps 85 - 90 %. If you don’t believe this, look into the Bush tax cut. The surplus that was there before the election is now “much smaller” than was expected and so, “a much smaller” number of people will be getting a rebate. The major part of the tax cut, which literally goes to the wealthiest 0.5%, if you read the proposal carefully, does not come into effect until 2006. By that time, the inner circle bloodlines will be the wealthiest 0.5% of a reduced population and the people will be slaving to pay them the tax cut that has just come into effect. Marvellous.
Mainland Europe is further along in the taxation agenda. In France, the maximum tax rate is 85% already. German and Dutch taxation is sky high. Where does it end?
The money bubble before the collapse
Money is coming out of people’s ears at the moment. This is known as a bubble, or an over supply of money. This oversupply is caused because more “fiat” money has been created in the US through the creation of more bank loans over the past 13 years than in the whole existence of the United States before that. This means there is a never-ending supply of money for useless goods and services that are marketed to us with multi million dollar-funding campaigns (these peripheral services and products serve the function of keeping the official inflation figures in check, even thought there is a huge oversupply of money). Due to greed and materialism, people buy them. Huge bank loans have become incredibly easy to get. The following graph illustrates exactly how the economic boom since 1995 has been created by the excess dollar supply in the US through bank loans.
Over the past one or two years, people that had completed payments for their house have been encouraged to re-mortgage to fund an extra visit to see their grandchildren, or that extra holiday. After all, they may as well spend the money locked up in their house before they die and inheritance tax is imposed on their estate. Check your mortgage contract. You do not own the house until you have paid every last penny of the mortgage. If you have $100 outstanding that you cannot finance, the bank has the right to repossess your house. Also, interest rates are being cut all the time at the moment, which can be marketed as “prime time to buy a new house with mortgages being so cheap”. It is almost impossible to own a house in London without having some form of debt. The banks have total control the people are snookered. I phoned a bank recently to renew my credit card. As soon as I had finished dealing with the card, I was asked “Do you have a mortgage”. I said “No”. I was then asked, “Do you want a mortgage, this is the best time to get one. Interest rates are so low.” I said “No thank-you”. The point is, mortgages are being jammed down people’s throats at the moment, ready for the plug to be pulled.
3rd World Debt
Perhaps the most grotesque part of the banking system is the loaning of money that does not and will not ever exist to poverty ridden 3rd World countries. As a result, the corrupt private banking cartels have the 3rd World enslaved. Africa should be the wealthiest continent. It has the most natural resources, but it has been absolutely plundered and the population is now being made literally extinct as required by the Committee of 300 headed by Queen Liz. This extinction is part of the eugenics movement of the elite as they see black people as inferior. This eugenics movement also requires a huge reduction in World population from over 6 billion to fewer than 2 billion. Designer diseases such as AIDS are wiping out the African population and having devastating effects in the Inner cities of America. This is happening now. Check the statistics. Official figures state that 1/3 of Africa is already dying and that within a few years, over 70% will have died. The reason Africa could be plundered in this way is that the banks could control them through their phoney loans. Nice people these bankers hey. Brazil is one of the Worlds largest exporters of food and yet many of its people starve and die. There are many more examples. Have a look.
This phoney banking system has brought humanity to its knees. I don’t agree with fighting for any reason, as what you do, you become, but to quote Winston Churchill (war monger extraordinaire):
Make no mistake, the slite bloodline intends to enslave us all.
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