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Questions about the Federal Reserve, Central Banks and Fiat Currency

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Re: Questions about the Federal Reserve, Central Banks and Fiat Currency

Post by Adama » March 22nd, 2018, 10:03 pm

If the bankers have deceived people and stolen our money by deceit and sleight of hand, then they and all of their descendants who participate in such fraud are in deep trouble:

Amos 8:4-7 King James Version (KJV)

4 Hear this, O ye that swallow up the needy, even to make the poor of the land to fail,

5 Saying, When will the new moon be gone, that we may sell corn? and the sabbath, that we may set forth wheat, making the ephah small, and the shekel great, and falsifying the balances by deceit?

6 That we may buy the poor for silver, and the needy for a pair of shoes; yea, and sell the refuse of the wheat?

7 The Lord hath sworn by the excellency of Jacob, Surely I will never forget any of their works.

They will probably never have forgiveness. Besides that, even usury of 1% is enough to kindle God's anger, and He says that He will not save or justify those who increase their substance by usury. In other words, many bankers (and their descendants if they too participate or are otherwise evildoers) are in deep trouble eternally.
Winston wrote:
January 8th, 2018, 8:43 am
They were apparently lending money on usury against houses even back during the time of Christ:

Matthew 23:14 King James Version (KJV)

14 Woe unto you, scribes and Pharisees, hypocrites! for ye devour widows' houses, and for a pretence make long prayer: therefore ye shall receive the greater damnation.

Apparently, they lent money on the houses of widows, and when the widows couldn't pay the money back with interest, they confiscated their houses, and then they made prayers, pretending to care about the plight of those poor widows.
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Re: Questions about the Federal Reserve, Central Banks and Fiat Currency

Post by Adama » March 22nd, 2018, 10:44 pm

Winston wrote:
March 19th, 2018, 6:47 pm
Of course the elite caused the 1929 Great Depression and others to destabilize the economy, to justify the central bank, which all the US founding fathers opposed, and which Andrew Jackson fought hard to destroy. Why do you think they did that? You think the Great Depression was accidental or caused by greedy investors only? lol. You buy lies easily huh? You haven't seem to done any research on this. Have you listened to any lectures or interviews by James Perloff of Alan Watt or Eustace Mullins? Have you seen "The Secret of Oz" documentary on YouTube?
What those poor, pitiful bankers don't know is, if that is true, then they have pierced their souls through with many sorrows. That is, in the depths of eternal destruction, they've added worse punishment onto themselves for hurting people in this way.
But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
Foolish and hurtful lusts, as in seeking to make other people their slaves by deception and fraud, which is a waste of effort. Destruction and perdition? That is saying that they are definitely condemned, because it means the same thing. That's like saying destruction times destruction squared. They are in so much trouble. Many sorrows, as in the punishments of eternal destruction, where they will be repaid.
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Re: Questions about fiat currency and central banks

Post by TheLight954 » April 17th, 2018, 6:53 pm

Winston wrote:
October 29th, 2017, 5:13 pm
I dont get something about fiat currency and central banks. Can anyone explain them?

If the central banks print money out of nothing, then its worthless. Not debt. Not a loan. So what do the banks lose if they cancel the debt? The money is worthless. They can print money and put it in their own pocket. So why do they need to be paid back? Do u see what i mean?

Also how come the income tax in taiwan is only 10 percent? How does the government in taiwan function that way but italian government cannot? The average italian is intellectual, much more than taiwanese. The average taiwanese is primitive like animals and dumbfuck eggshells, I swear. Not much brighter than filipinos. So how is the taiwan government more efficient than the italian government? Makes no sense.

Why doesnt the government overthrow the central banks then? Like the king of france did with the knights of templar in the 14th century because they were in huge debt to them?

So why doesnt government arrest all the bankers and cancel all debt and then the problem is solved?
The bank can't just print out massive amounts of money like that, because it would cause massive inflation. While inflationary measures are necessary for the system to sustain itself, inflating the economy too much would collapse it. Our inflation rate is around 2% annually, meaning that most of the deposits(probably at least 98%) have to be paid through debts (moreover, fractional reserve serves to amplify this problem, as most of the money supply is in the form of typed numbers, not actual printed dollar bills). If the banks printed out all the deposits, our inflation rate would likely be at least 100%, which is unsustainable for obvious reasons.

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation." -Credit Manager of the Federal Reserve Bank of Atlanta

The banks' profit depends on loaning out money with interest. In other words, it is in the business of creating debt. If all the debt were paid off, our system would collapse. That's why banks cannot just cancel out debt. This fact means that a debt-free generation and sustained prosperity is impossible, for it would mean that there is no debt to pay to banks, and the economic system would collapse. That's also a big reason why we start wars: wars create massive debt, which immensely profits the bankers. Balancing the budget is impossible for the same reasons, and that's our country depends on these massive spending politicians to sustain the debt-based system.

Our system is really fragile. If we arrested all of the bankers suddenly (or paid off all our debt), the economic system would certainly collapse and cause massive public unrest. Even though our system is probably due to collapse anyways due to the increasingly levels of debt being unsustainable, no politician wants it to happen under their watch. Thus, the debt ceiling increases constantly.

Also, on your Taiwan point, I believe its economy is based more on saving and investing, probably loaning to invest, while Italy's economy is based more on consumption. Loans are paid back by investors when their stock goes up or whatever (much like during the roaring 20s) in Taiwan, so no need for more tax.

The bankers act the way they do because they want to sustain this system and prevent an economic collapse under their watch. Nobody wants to be credited with an economic collapse, although this system is broken and depends on debt to survive (which is why although productivity has gone way up, most people are still in debt/struggling to pay their bills).

Watch to see how the system works.

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