Post by sometimeman on Jul 18, 2008 13:28:16 GMT -4
The Collapse
Did you ever watch a kid, chewing gum, blow a bubble? Big … blow some more … slowly .. slowly .. suddenly, POP!!! Then, Splat! gum all over his face and giggles.
Anything can be inflated just so much. Even our economy.
Have you ever heard from the Bible about the year of jubilee, the year of release? Its Old Testament stuff. The economy of Gods people -(Not necessarily Jewish, because of the present word connotation)- included “Sabbaths” They were to let the land lay fallow every seventh year and on the seventh seven or forty ninth year, it was “jubilee”! The economy was “de-flated” all debts were “released” or cancelled. There was no interest charged. No “usury”
In today’s economy there is no release, no safety valve. It is just pump, pump, blow, blow and it is about to splat!
Not enough people know that the Federal Reserve is a private banking cooperation. Not enough people understand that all our economic troubles can be summed up in this one statement: “Interest is never issued, it is only received” You can understand this if you know a little about the history of the Federal Reserve. The Federal Reserve supplies America’s money – for a fee of course– “usury” or interest.
If you imagine an Island economy and yourself as its “Federal Reserve” and you issue into this economy $100,000 at a usury of 10%. The money is out there, in circulation, things are being bought and sold. You (The Fed) are being paid back. You are looking for your principle, the original $100,000 back. Plus interest! $10,000 worth! Question: Where is the extra $10,000 coming from? Remember you only issued $100,000 and not $110,000 So, what to do? Interest is never issued, it is only received. Why of course, you issue another $100,000 and some interest on the first loan comes in but, of course you are also looking for the “usury” on this or the second $10,000 And, so it goes or has gone..at least sense 1917, when president Woodrow Wilson went down to Jekyll Island as a guest of the Rothschild’s, J.P. Morgan, Jay Gould, John D, Rockefeller and other wealthy people, and came on back the Washington D.C. passed and signed into law, the Federal Reserve Act.
We now have ten trillion dollars of debt. Remember, “Interest is never issued it is only received” And, things are about to pop. Things are about to go, splat! Are you ready?
You’ve got a bible. Get yourself a copy of the book, The Creature From Jekyll Island.