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WARNING: THIS IS COLD, HARD REALITY AND THE CONCLUSION OF THIS ARTICLE MAY SCARE SOME PEOPLE

The lifestyle of the average American has increased exponentially over the past seventy years. Washing machines, automobiles, computers, internet, cell phones and the marvels of modern building techniques, modern medicine and science have all worked together to bring mankind to a level never before seen in the history of the world.

However, that elevated lifestyle was made possible, as quickly as it came, through the mechanics of borrowed money.

Banks create money from nothing - some say “thin air” - and loan it to unwitting borrowers. There was never any money in their vaults to begin with as they enter the borrower’s promissory note on their books as an “asset.” They then loan out a ledger-entry as if it were money, to be paid back with interest in the future with more borrowed money; functionally the same way a person pays one credit card with another.

With the genesis of this easy money scheme starting in December, 1913 and Congress converting fully over to paper debt money in June, 1933, Americans have borrowed trillions of dollars into existence and built the most technologically superior civilization on the face of the earth. Conversely, they have also regressed to the most indebted civilization on earth since all those trillions are owed back to the banks.

Under our current monetary system, all old loans are discharged with new loans. Banks only create (from nothing) the principle at the time of the loan, never the interest, so the interest must be paid with somebody else’s borrowed money. If interest were paid out of currently circulating currency, it would soon draw all money out of existence. Therefore, ever-increasing debt loads must be borne by subsequent generations of Americans in order to satisfy the demands of the banks’ compounding interest. Again, like paying one credit card, and its interest, with another credit card.

Every road that has ever been built, school house constructed, home, business or church established likely came into being through a loan from a bank. While the loans for those things may have been discharged and are no longer due, they were discharged with other people’s borrowed money (see Fort Fairfield Journal, January 16, 2008, p. 3 for further description of paying debt with debt) so the loans are technically still outstanding.

Even if a building was built using “cash,” as in Federal Reserve Notes, those notes were representative of bits and pieces of hundreds, if not thousands, of other people’s borrowed money. All of those Federal Reserve Notes represented ledger-entry money that was merely entered on a book (nowadays a computer, in digital money form) backed by someone’s promise to pay it back with somebody else’s borrowed money. The loans never completely extinguish, but are merely discharged - or rolled over onto the back of another group of borrowers.

For example, all of the “money” in every 401K retirement account, in the stock market and in circulation is actually bits and pieces of other people’s bank loans borrowed into circulation and is all owed back to the banks from whence it came. That money is, in effect, not even yours.

Banks also look at human life as collateral - they call it “chattels.” Since humans are able to exert energy in the form of labor, and it is that future expenditure of labor that backs up the promissory note, human life and labor is also pledged to the banks as a form of voluntary servitude in exchange for their artificially created paper money. The birth certificate serves the function of warehouse paper for governments and banks to keep track of the people with their concomitant tracking number, the Social Security Number.

Since banks are the only entities authorized to create new paper money and loan it into existence, their “loans” must be paid back, with interest, with still more borrowed paper. Every single thing in existence in the U.S. and beyond that has been acquired with that paper was acquired with a debt instrument and is thus collectively considered collateral on the entirety of outstanding bank loan debt to U.S. society. Currently, more money is owed back to the banks than is in circulation, because of compounding interest that accrues daily against trillions of dollars worth of debt.

Our entire lifestyle, our giant school systems, our paved roads and big screen TVs, indeed everything that makes modern society modern was all acquired by debt, which was discharged with new debt enabling banks to maintain ownership of all that collateral in perpetuity until the whole system crashes under the weight of compounding interest. Bankers look at human labor as a resource to be mined via compounding interest. Under a sort of quasi-Law of Diminishing Returns, the more money that is borrowed, the less it can obtain because the bulk of it goes to paying compounding interest. When there is not enough labor to continue paying that perpetually increasing interest, Americans will no longer be able to service the debt load with new generations of borrowers and will thus have to downsize their schools, homes, roads and their very lifestyles.

At that point, there will be a massive recession, due to an inability of the population to pay its bills, notes, mortgages or obligations.

A massive police state apparatus with national ID cards will be implemented in order to collect the collateral (all buildings and personal/business property) and chattels (all people) on behalf of the creditors - the banks. You can expect the Department of Homeland Security to push ID cards for everyone, and our police to enforce an increasing level of foreclosures and repossessions as the banks take back everything they ever loaned money for in order to collect the collateral. A man-made “disaster,” with FEMA and local police being used to “bring order” is quite likely the mechanism for this to occur. But, the chattels must be marked and REAL ID of the citizenry in place in order for it to run smoothly and efficiently.