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Thumbking · 09-08-2009, 05:23 PM

At some point, the debt-mountain becomes so large that it is mathematically impossible to continue making the interest payments on that debt. Similarly, with ever-increasing leverage, at some point the whole ?house of cards? becomes so horrendously unstable that a single ?surprise? can cause financial implosion.

Conversely, for over two thousand years, the bane of bankers has ironically been the same ?precious metals? upon which they originally earned an honest living. Not only is the supply of gold and silver finite, but the rate at which the supply of these metals has been increased is remarkably stable.

Thus, bankers hate gold and silver because when used to ?back? a system of currency, they simultaneously restrict the rate at which the money supply can be increased, while also preventing excessive leverage within a financial system. In short, they dramatically reduce the capacity of bankers to steal from society.

So how will this version of the bankers' two-thousand-year-old scam end? Will the (supposedly) empowered masses of our 21st century ?democracies? rise up and put an end to the rampant theft of the bankers, or will the bankers simply destroy themselves (again) through their own insatiable greed?

Sadly, this may prove to be a moot question. The entire world is operating on a ?fiat currency? system for the first time in history. ?Fiat currency? refers to money which is backed by nothing, but only has ?value? through a decree (or fiat). Indeed, simply defining what our paper ?money? really is often enough to allow people to see through the bankers' scam.

However, awareness may not have come soon enough to save us from financial implosion. Even in relative terms, the global economy has never before borne such an enormous, collective burden of debt ? not even during our ?World Wars?, since our paper money had not yet been completely severed from the stability of precious metals at that time.

Much like a ?bomb squad? is sometimes not able to defuse a bomb before detonation, the damage caused by decades of the unbridled greed (and unprecedented stealing) of bankers may be so far advanced that a financial catastrophe can no longer be defused.

A return to a ?gold standard? is now imminent. We can only hope that defeat of the bankers comes soon enough that history does not look back on this as a ?pyrrhic victory?.

09-08-2009, 05:23 PM
Thumbking Confirmed User Industry Role: Join Date: Feb 2003 Location: Canadabis Posts: 1,067	continued At some point, the debt-mountain becomes so large that it is mathematically impossible to continue making the interest payments on that debt. Similarly, with ever-increasing leverage, at some point the whole ?house of cards? becomes so horrendously unstable that a single ?surprise? can cause financial implosion. Conversely, for over two thousand years, the bane of bankers has ironically been the same ?precious metals? upon which they originally earned an honest living. Not only is the supply of gold and silver finite, but the rate at which the supply of these metals has been increased is remarkably stable. Thus, bankers hate gold and silver because when used to ?back? a system of currency, they simultaneously restrict the rate at which the money supply can be increased, while also preventing excessive leverage within a financial system. In short, they dramatically reduce the capacity of bankers to steal from society. So how will this version of the bankers' two-thousand-year-old scam end? Will the (supposedly) empowered masses of our 21st century ?democracies? rise up and put an end to the rampant theft of the bankers, or will the bankers simply destroy themselves (again) through their own insatiable greed? Sadly, this may prove to be a moot question. The entire world is operating on a ?fiat currency? system for the first time in history. ?Fiat currency? refers to money which is backed by nothing, but only has ?value? through a decree (or fiat). Indeed, simply defining what our paper ?money? really is often enough to allow people to see through the bankers' scam. However, awareness may not have come soon enough to save us from financial implosion. Even in relative terms, the global economy has never before borne such an enormous, collective burden of debt ? not even during our ?World Wars?, since our paper money had not yet been completely severed from the stability of precious metals at that time. Much like a ?bomb squad? is sometimes not able to defuse a bomb before detonation, the damage caused by decades of the unbridled greed (and unprecedented stealing) of bankers may be so far advanced that a financial catastrophe can no longer be defused. A return to a ?gold standard? is now imminent. We can only hope that defeat of the bankers comes soon enough that history does not look back on this as a ?pyrrhic victory?.