Well it may come as a complete surprise to everyone, but outside of my erotic studies I do study a great deal of economics and Geo-politics. Little does most persons know that we are already in slavery to a private central bank called the Federal Reserve. The Federal Reserve is no more federal than Federal Express.
I will challenge everyone to open their wallets and purses and pull out a $1.00 bill. No I am not solicit your money, nor would I attempt to. Look at the top of the bill, it will say Federal Reserve Note. You may not know this but for every one of those notes that are in your possession you and I are paying interest to the Federal Reserve, yes that would be correct, you and I owe interest.
This all began in 1913, and the enactment of the Federal Reserve Act of 1913. That act for all practical purposes caused the surrender of control of our currency from Congress to a privately owned, privately run central bank. This means the control of our currency was stolen from us the citizens of the United States.
This act was signed by President Woodrow Wilson. He stated in 1919 the following, and I quote; "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." -- Woodrow Wilson 1919
Now we all have heard about the Jeff Bezos (Amazon) Bill Gates (Microsoft) Warren Buffet (Brookshire Hathaway) and others in that particular universe. I want you to consider one clan that has an estimated net worth in some circles of over $500 trillion. This clan either owns or controls every private central bank in the world. They have financed both sides of wars, they have manipulated the currencies in under developed countries to that of junk status, and furthermore financed the creation of the state of Israel, removing Palestinians from their homeland. This clan would be the Rothschilds.
This would be Mayer Amschal Rothschild, the Godfather of the Rothschild clan. This is what he stated when he wanted control of a nations currency and I quote; "Let me issue and control a nation's money and I care not who makes the laws".
This is the thing about bank interest, it is compounding, meaning that it perpetuates upon itself. It also has an accumulative effect. With debt and interest there is not enough currency in circulation in which to pay the debt. That is the trap. That currency you and I have in our pockets I hate to say this is created out of whole cloth, it is ink and paper created out of thin air and lent to all of us at interest.
Now let us turn our attention to what banks are allowed to do under this system, and it is called fractional reserve banking. You say what is that, I will attempt to answer that question. When you get your paycheck, let us say for example it is $100.00. You deposit the whole amount into your account. The bank on the other hand will loan out up to 90% of your deposit or $90.00, you still have the $100.00 in your account but the bank has created ink and paper out of thin air and is lending it out at interest. There is also a danger of banks becoming over capitalized. What is that, it is where the banks will lend out more than what they have in deposits.
Now I want to turn your attention to what has been happening on Wall Street, and the wild fluctuations in the markets. With very low interest rates from the Federal Reserve companies find it cheaper to buy back their stock, and then sell it back out in the market once the price for that stock rises to a point where they can pay back the loan from the Fed window and pocket the profit. This is called a pump and dump, that is why you see the markets fluctuate like you do. Also there is a lot or program trading, speculation, and the emergence of day trading. When the Fed announces an increase in interest rates, then you see companies, speculators, and day traders dump their stock and run to the bond market, gold or silver, or commodities as a safe haven.
I really hope this has helped everyone out. I know this was kinda long, but I wanted you to get a grasp on what it really going on. The answer to the question is,"A cashless society will enslave us, what do you think?" I am afraid to say it but that has been their goal all along. Peace.
A cashless society means that you will not have anything in your possession except a bank card with an embedded chip in it. If there is a glitch in the system and cannot use your bank card and you do not have physical money or cash in your possession then you cannot buy anything.
@Platoscave Why am I trying you convince you? I am trying to get people to quit looking at the shiny bouncy objects and begin looking at what is not there. The shiny object is a distraction and buy its very nature will lie to you every single time. This is what I want you to do. Go out into your community, see how many boarded up and closed businesses there are. Look at the hundreds of thousands that are homeless, look at the hundreds of thousands of vehicles sitting in vacant lots that are not being sold, look at the infrastructure, and look at our debt clock. After you have done all that then you tell me if we have a robust economy.
@Motherlove (Stands and applauds your post) Rarely have I seen a better summary of the making and running of the Fed. We might debate the motivation of the Rothschilds, but as far as function and form go, absolutely accurate. As clumsy as Woodrow Wilson Smith was, his action did put a wedge in between the Government of the day and economic policy. Not having that wedge is what has allowed Venezuela to get into the mess it has. So that wedge is a good thing. However, there are better ways to achieve it.
This would be Mayer Amschal Rothschild, the Godfather of the Rothschild clan. This is what he stated when he wanted control of a nations currency and I quote; "Let me issue and control a nation's money and I care not who makes the laws".
