A World Economy Built on Phantom Money


Civilization as we know it was developed through economic cooperation and sufficiency based upon a currency based prosperity. Banks created as financial institutions stored whatever was considered to be of value or what represented wealth for safe keeping of the owners. Whether it was a special sea shell that was exchanged as currency or gold and silver from ancient times forward the ability to be compensated for goods and services was achieved through the conveyance of an asset or rare metal that due to its scarcity was assigned value. In the modern world though, the existence of material of value such as gold, silver, palladium, or diamonds have been completely bypassed by credit or electronic currency. Having been prophesied in the Bible just as a oppressive world government destined to rise up so will a cashless society. In China, currency is gone and now facial recognition is used through smart software to identify the purchaser and extract payment from their bank account electronically.

Toxic spending

Loans and lines of credit extended by banks and merchants were the first signs of financial alternatives to coins, precious stones or metals being used exclusively to satisfy debts. Just decades ago the credit card became the convenient form of commerce. But, too we saw nations developing deficit spending as a way of being able to spend in excess of the revenue they brought in from taxes and government backed exchanges such as bonds or Treasury Bills. FDR used deficit spending in earnest during the Great Depression to stimulate the stagnant US economy and create jobs while building public infrastructure such as dams, highways, and national parks. It all seemed like an answer to governments being able to increase their buying power without being held back by the limitations of responsible debt management. However, government debt devalues the buying power of currency!

History of lies

Unfortunately, for America President Woodrow Wilson had signed the Revenue Act of 1913 and once again after 75 years of America's banking system being in the hands of Americans and the national network of independent and interstate banks being domestically held now a cartel of elite European families controlled the nation's monetary policy. The guaranteed stability and currency supply promised brought instead the 1929 the stock market crash followed by a world wide depression. The ownership of any property with a deed or lien against it was confiscated! Now the banks presided over not only fiscal matters but had absorbed untold amounts of wealth from the pockets of those unemployed and unable to meet their financial obligations as investors lost all equity in collapsing markets.

The damning puzzle

As Norman Dodd was once informed by his Morgan Bank Manager after conducting a year long investigation into the causes of the Great Depression, proper sound banking primciples would never exist again. America had been intentionally bankrupted and now the population would be assigned a stock exchange identification as a source of income that the US government would tax in order to pay a debt that emerged from a Federal Reserve that planned the financial collapse of the US and would hold taxpayers as collateral for that debt! The US Dollar was now reduced to nothing but an instrument of debt worth nothing as it had morphed into fiat currency.

Fiscal enslavement

Nations the world over grew by spending beyond their own means through adopting credit generated by the Federal Reserve using their own citizens as cash cows to pay for their fiscal mismanagement just as here in America where Congress simply votes on a budget and the US Treasury ratifies that amount by using credit created from the computers of the Federal Reserve to fund federal government operations while taxpayers are enslaved by coercion by the IRS, the terrorist collection arm of the Federal Reserve. Simply a tax of enslavement. President Ronald Reagan proved in 1986 through the Grace Commission that the IRS revenue confiscated from the America public had no relation to the amount of debt that Congress voted on each year to supply the federal government with its enormous appetite for debt!

Current deficit unleashed

Trillions of dollars in federal debt have been rung up thanks to the falsely perpetrated corona virus pandemic to compensate stay at home job losses not to mention the out of control spending of the Democrats who will buy votes through greater and greater deficits resulting from the huge welfare state they have created! As a matter of fact, Congress voted themselves 75 million in Covid 19 compensation to line the pockets of the wealthy lawyers and businessmen in the House of Representatives as many US citizens are jobless and desperate! America is in unrecoverable death spiral of deficit that will end up crashing the buying power of the FRN (Federal Reserve Note) it is only a matter of time! There are not enough taxes or self restraint by lawmakers on Capitol Hill or in the Blue States to balance a budget!

Foreign threats to US markets

China has become a major competitor of the United States by virtue of buying US debt for exchange of US Treasury Bills to the tune of 850 billion while being allowed to continue huge trade deficits over US goods as America buys from China while US products are discouraged on Beijing retail shelves. America is being sold off to foreign debtors while the Federal Reserve makes millions every minute of the day on interest charged to the US government for credit lent to the US Treasury that came from Federal Reserve computers printed up on worthless water marked paper! This While countries like North Korea circulate hundreds of millions in US counterfeit currency. America has been betrayed by foreign bankers and its Asian trading partners thanks to the greed of our own politicians and bankers.

Baffling conclusion

What have the world's governments built their dynasties from? Nothing but the illusion of asset backed currency represented by credit issued from nothing! While the people of the world are taxed for the privilege of out of control government spending. The day will come soon when anyone with cash not participating in the chip ID retail system will be locked out of the loop! Your personal credit account will be subject to search and seizure by the government as it is now only there will be no cash shelter from confiscation as your stored FRN's. They will be worthless. The truth has been hidden for too long it has been labeled as a conspiracy theory and many people simply refuse to believe it as it is much easier to behave like cattle and be corralled with the rest! This, as a day of reckoning draws nearer!

Views: 44

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

John Miller was featured
8 minutes ago
tjdavis's 2 blog posts were featured
13 minutes ago
Zfort Group's blog post was featured
13 minutes ago
Doc Vega's 6 blog posts were featured
14 minutes ago
Burbia commented on tjdavis's video
Thumbnail

“What’s His Motive?” - Inside The Mind of George Soros

"Trump calls for George Soros and son to face federal…"
5 hours ago
Burbia commented on tjdavis's photo
5 hours ago
Profile Iconkacang99, Seeta Sathe and Olivia Brooks joined 12160 Social Network
5 hours ago
tjdavis posted a video

Mossad, Terrifying CIA Technology, Blackwater & The Most Secret CIA Unit | John Kiriakou

John Kiriakou served 15 years in the CIA as a Case Officer (Spy) and as CIA's Head of Counterterrorism Operations in Pakistan where he lead the raid that cap...
14 hours ago
tjdavis posted a photo
14 hours ago
tjdavis posted a video

A Critique of the Tavistock Institute - The Mother Of All Conspiracy Theories

An examination of the Tavistock Institute, a theory which seeks to explain how Western societies have been brainwashed by a cabal of social scientists and th...
Sunday
tjdavis posted a video

“What’s His Motive?” - Inside The Mind of George Soros

In this short clip, Patrick Bet-David, Sebastian Gorka Adam Sosnick, and Tom Ellsworth George Soros and what motivates him to do the things he does. FaceTime...
Thursday
Doc Vega posted blog posts
Wednesday
cheeki kea favorited Bob of the Family Renner's photo
Aug 26
cheeki kea commented on Doc Vega's blog post Plausible Explanation Behind Recent Cryptid Sightings in the Wild!
"If you're ever out there Doc V and notice giant two legged birds roaming the wilderness be…"
Aug 26
Doc Vega posted blog posts
Aug 26
Burbia commented on TommyD's group The Chuckle Hut
Aug 25
Doc Vega posted blog posts
Aug 24
Doc Vega posted photos
Aug 23
Doc Vega posted a blog post

Ashrams and Moonies Perfect Case for Mind Control

 In the late 60’s and into the 70’s we saw a strange phenomenon emerge! That was the rise of cults…See More
Aug 22
Doc Vega posted a blog post

Modern Progress

 From some things you just can’t come backNot everyone has your backIt might just be a nuclear…See More
Aug 21

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted