Perpetual Debt Slavery…”The next collapse will come wrapped in some other fear-laden, false flag-riddled tragic disaster meant to distract and protect the elite.”
by Dr. Jeffrey Lewis
SilverDoctors.com
November 7, 2014
There is an unspoken difference between debt that is designed to be paid back and debt (disguised as perpetual flow) to finance pre-existing streams of debt service.
The second type of debt is a Ponzi large enough to make Bernie Madoff blush. And crash the system. In the current system, debt is money for nothing used to create asset bubbles. Including the equity lift-off we see today.
Giving rise to the pump and dump scams that are very much alive and well.
As Zerohedge captured the essence:
“To be sure, Wall Street has sponsored such market-rigging ploys since time immemorial. However, the true evil of rampant central bank money printing is that it vastly enables and amplifies such speculative ventures, while at the same time eviscerating the natural checks and balances against speculative manias which are embedded in honest financial markets.“
At the base is the debt finance.
Streams that are, ultimately, instruments of enslavement promoted, traded, and described as debt. The intention to enslave is not the point. It is just one of many unintended consequences.
It is the result of a century of abuse and ultimate power over the people. Treasuries are perpetual claims on taxpayers.
Debt to be repaid is not being sold: People are. If Treasuries can neither be paid off nor defaulted then the people are being sold as revenue streams. Normally, people who are provided too much debt correct the lenders by defaulting. The system clears.
Public debt is different. In essence, public debt is a scheme to leverage the backs of the citizens, soldiers, and serfs. And propaganda greases the wheels.
Debt streams enable leverage. Re-hypothecated paper leverage. And the ability to manipulate.
When people finally feel this pain en masse, it ends. What is now hidden by price controls and manipulations and returns with the full force of sudden reality. When prices are dislocated, shortages or surpluses appear.
Too many paper silver tickets created by the speculators create a massive shortage of silver available to back those promises. There was never any plan to come clean on those promises. They are simply letters of credit for more leverage. The unthinkable default would strip away the Ponzi for all to see, immediately calling into question the entire paper complex.
It will probably happen under another name. People will likely not see the currency collapse for what it is.
Correct, and once the oligarchs behind this “let them eat cake” monetary policy try to maintain this in a resource-limited world, the people lose faith fairly quickly. They will do whatever they need to do and real wealth seeking will start occurring everywhere.
The Rest…HERE
