Sustaining a ruling class: the Federal Reserve and our economic collapse

For those unaware, which included me up until recently, the Federal Reserve is the United States central banking system, a private for profit creation which literally makes money out of thin air, sustaining and creating the wealthy who shape and control the policies and direction of this country.

In 1913 Woodrow Wilson signed into law the Federal Reserve Act, which at the time was intended to ensure that enough money was always available through a centralized banking system to prevent runs on the banks, runs meaning when more money was taken out of a particular bank than it actually possessed, due to the fact that all banks loan out money they don't have, money that doesn't even exist for that matter!

Banks make money on the governments behalf. That's right, this money is brought into existence with the creation of a loan, a few simple strokes with a pen, it's that simple and that's where we get inflation from. The government simply issues the currency while the banks effortlessly rake in the interest, never even possessing the money they loan out. As such, money is actually debt borrowed against gold reserves that do not exist. We are staring disaster in the face and doing nothing, but there will come a time when the debt far exceeds a sustainable level and the currency system you and I know as the dollar will collapse, at which point we'll be on the barter system.

Fortunes are made through this, and people empowered, the very same people who have the funds to shape the laws that govern this society. By having a centralized banking system the banks have enabled themselves to loan out many more times the amount of money they actually possess. Since bank runs are rare and unlikely to occur simultaneously, banks are ensured of having the resources to cover many more times their actual reserves. As such the debt in this country has grown to an inconceivable $9 trillion, and it's actually 300 billion greater than that total but I didn't feel like counting out all the zero's. Given the current banking system, it is impossible to ever recover from the debt, as the system is currently operating to create debt not reduce it. All signs point towards a collapse as the debt cannot continue to grow forever, and at a certain point we'll wake up one day to find out that we have no currency, as all of our currency will have been borrowed against money that never existed. Our money is not based on gold, or should I say we have issued $9 trillion more in currency than we can account for in gold, which is the basis of all currency.

So there you have it, capitalism at it's darkest, deceptive hour, enabling the well connected to profit off debt, and this the system that "answers needs" and leads to "freedom" and "innovation". What's innovative is how efficient capitalists have become at turning a profit without any actual societal contribution, making money off money without actually doing anything to make the fortunes they have. While you and I work multiple jobs and 40-60 hour weeks to pay off the debt we as American's have accumulated, there are wealthy bankers literally doing nothing to earn their fortunes, earning our interest, enjoying a free ride on behalf of the government and a corrupt system which is akin to stealing, and it's all working towards our own downfall, the complete collapse of the United States dollar. Just don't say you never knew. It's time to think outside the mainstream. Speak out, these are the public discussions we need to initiate to educate the uneducated if change is ever to occur. To hell with political correctness.

http://brillig.com/debt_clock/