The amount of debt, which is owed, across the world, is incalculable. It runs into trillions of trillions of dollars. All of this debt, carries a rate of interest. Part of the Greek debt carries an interest rate above thirty per cent.
Interest at one per cent, on one billion dollars, is ten million dollars, which is added to the debt twice annually, increasing the debt by over twenty million dollars a year, simply in interest.
My mathematical skill is stretched to the limit, dealing with a billion, for the interest on a trillion, my primitive calculation must be multiplied by one thousand. That is twenty million times one thousand, which gives, I believe, a total of twenty billion dollars. That is at an interest rate of one per cent. Do you begin to get the picture?
Multiplying that by the fourteen trillion dollars, which is the American, supposed debt, will deliver a figure of three hundred billion dollars or more, a year, at just one per cent interest.
Whether my calculation is correct or not, is of no importance. You can do your own calculations, all I am attempting to do is to give an idea of the credibility or otherwise of the debt.
Just a rudimentary calculation of the European debt, where we are told, Italy alone owes more than one trillion dollars, will make it clear, that Italy will never be in a position to pay, an estimated one hundred billion dollars annually in interest payments alone.
Now let us, as laymen, ask the simple question, if the combined debt of Italy and the US, is fifteen trillion dollars, from where did this money appear?
The International Monetary Fund, is funded by us, as is the World Bank. All of the major banks, are bankrupt. So where is the source of the quadrillions of dollars of debt, which is swilling around the world?
Based on my child-like calculation, using a base rate of one per cent, calculate the interest payable on one quadrillion of dollars, that is one thousand times one trillion.
It will soon become clear, no austerity measure in the world, will free up enough money, to simply pay the interest on this debt. The interest payable on such a debt is more than the combined annual value of all of our labour combined.
This amount of money, is not as they say, to be found under the cushion on the sofa. The US sells bonds on the open market, whom had the necessary, to invest fourteen trillion dollars in US Bonds? Never mind the quadrillions of derivatives and credit default swaps, et al.
The answer is quite simple, The Federal Reserve. The Fed, which is owned by eleven banking families, dreams up the money, out of nowhere, Lends it to the Government, at interest and then buys it back, passing yet more funny money to the Government.
This is called “monetizing” the debt. They have in effect created two debts out of one. This is needless to say, illegal. The money with which they buy the Bonds, is paid back to them as interest on the National Debt.
This is the kind of scam, of which the Mafia can only dream. Yet in front of our eyes, our politicians are allowing it to continue. We are expected to be debt slaves to a group of criminals.
This kind of money, which we are expected to repay, does not exist. The combined total of everything of value in the world, including the Mona Lisa, would not even approach the sums involved.
So it becomes clear, that this debt was generated through the illegal use of Fiat currency. That is, generating imaginary money, to deliberately create debt.
No country, has as yet, defaulted on interest payments. So how come banks need bailing out. Most of the biggest banks are owned by the same banking families as the Central Banks.
So ask yourself the simple question, if every country in Europe, is on the slippery slope towards disaster, while the bankers are calling for more bailouts and National Governments are so cash strapped that all they can afford is war, from where will be found the funds to pay this interest to the Central Bankers? More importantly, what are they doing with the money?
The answer is quite simple, the same Banking Families, will create the necessary funds from nowhere, adding to the credit debt and we the people will be forced to accept poisoned loans, on which we will have to pay interest, when we are already unable to pay the interest on the existing debt.
When the UK and France, recently attacked Libya, from where did they find funds? Do you know how NATO is funded and by whom it is controlled? What is the necessity of the war in Afghanistan. No trace of Al Qaeda training camps, let alone Osama Bin Laden was ever discovered.
The destruction of Libya and Iraq, were banking wars. They were carried out under the orders of the Elite. It is well-known that NATO is nothing more than the enforcer for the multi-nationals and the bankers. So why not ask them to pay for the upkeep of the troops and pay the hospital bills for the wounded?
The problem of this alleged debt, is turning into a ridiculous argument along the lines of World Trade Centre Seven. You do not need a brain, to understand that a steel framed building could not collapse into its own footprint, leaving not one enormously thick steel beam standing. It is impossible.
It is equally impossible for a debt, more valuable than all the available funds in the world to buy, to exist. If we are being told it exists, it is quite obviously a fraud. Why are we being expected to pay a fraudulent debt?
Too big to fail, does not mean too big to prosecute. Goldman Sachs, can be placed right at the heart of the Greek debt. Why are they being allowed to announce record profits, pay themselves record bonuses and yet avoid prosecution for theft and fraud?
The bailout money could be better used setting up our own banking system, allowing the private bankers to pretend to pay their own debts, and allow them compete against a properly run banking system, not the criminal activity which they have imposed on us for centuries.
Cameron and Hague, along with Sarkozy, are all tainted, in one way or another, yet are pushing for an attack on Iran. This is based on the same form of Intelligence as was the illegal attack on Iraq.
Iran, like Saddam Hussein and Gadaffi, operate with a banking system which is in favour of the people and the country. They do not impose interest on loans. Usury is illegal. That is why they must be destroyed. As will Syria, which employs the same banking system.
There is one simple rule of thumb concerning debt and Fiat currency. Because of the existence of Compound Interest, it is impossible to pay off a debt. At the moment that the loan is accepted, you no longer have enough money to repay it. There is never enough money available to pay a loan.
Should you borrow one hundred Euros from me, at a rate of ten per cent per day, the following day you will owe me one hundred and ten Euros. From where will you find the ten Euros of interest? Should you put the very one hundred Euro note into my hand, you will still owe ten Euros. Twenty four hours later you will owe me eleven and so on.
This is the way the bankers have trapped Greece. They cannot pay the interest on existing debt, so they are increasing the debt in order to pay that existing debt. This, quite obviously will not work. That is why they are expected to hand over the roads, water supply, power stations, anything of value, to the bankers, in return for nothing.
Iraq now has a Rothschild Central Bank. The first announcement of the NTC in Libya was the opening of a Rothschild Central Bank and an invitation to BP, which is owned by Rothschild, to pump oil. The next step will be to pass the water reserves to Israel, which is Rothschild’s Kingdom on earth.
The next step in this catalogue of criminality, will be for the bankers to tell us, that the only way to save ourselves is to allow them, to take total control of our affairs. Our puppet politicians will jump at the offer. They are the Neo National Zionists, after all.
For the good of the New World Order, we must all be debt slaves. We have in fact, always been slaves, we have simply pretended to be free.
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‘There is no such thing, at this date in the world’s history, in America, as an independent press. You know it and I know it.
The business of the Journalist is to destroy truth; to lie outright; to pervert; to vilify; to fawn at the feet of mammon, and to sell his country and his race for his daily bread.
You know it and I know it and what folly , is this toasting an independent press? We are the tools and vassals for rich men behind the scenes.
We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.’ ~ John Swinton, former Chief of Staff, The New York Times, 1953
See No Plane.
Top Problems With Agenda 21
1. All private property rights (property ownership) will be forbidden
2. All forms of irrigation, pesticides and commercial fertilizer, forbidden
3. Livestock production and most meat consumption, forbidden
4. Privately owned vehicles and personal travel, forbidden
5. Use of fossil fuels for power generation or mechanized travel. Forbidden
6. Single family homes. and all of the above will be forbidden, except of course for the Elite.
7. Most forms of mineral extraction and timber harvesting
8. Human population must be reduced to fewer than 1 billion people. This is of course already taking place. We are being fed false information on a daily basis. In particular, the White Race is on the verge of extinction. Birth rates have dropped below the point of replacement of the population and is still dropping.
Apart from that we are in good shape.
"We are not denying and are not afraid to confess that this war is our war and that it is waged for the liberation of Jewry... Stronger than all fronts together is our front, that of Jewry.
We are not only giving this war our financial support on which the entire war production is based, we are not only providing our full propaganda power which is the moral energy that keeps this war going.
The guarantee of victory is predominantly based on weakening the enemy forces, on destroying them in their own country, within the resistance.
And we are the Trojan horses in the enemy's fortress. Thousands of Jews living in Europe constitute the principal factor in the destruction of our enemy. There, our front is a fact and the most valuable aid for victory."
- Chaim Weizmann, President of the World Jewish Congress, Head of the Jewish Agency and later President of Israel, in a Speech on December3, 1942, in New York.