THREE CATEGORIES: GOODS, SERVICES, MONEY.
Do you know?
Let us see if you can understand this, the Ultra Elite need you to believe they got to own everything fair and square.
Ok. Picture this, imagine there are three categories: Goods, Services, Money.
Do you know how money is created? If you don’t know, say I don’t know. Good. If you know, stop reading, Go. Yes, Go. There is nothing for you here. Good. Let us continue:
All right, so let us get the obvious out of the way first. Goods are produced when a worker makes them. Services are delivered when a worker carries out the actions of service. When is money created?
Well, in our present system of political economy there are two fundamental ways money is created.
One way is when government officials authorize and issued bonds, that is to say IOU’s or better known as promises to pay. The government officials cause the bonds to be issued and the amounts to be recorded in the financial books. Next, those bonds are pledged to the Central Bank, and the central bank credits the amount of the bonds to the government’s accounts. All right, that is one of the fundamental ways of money creation. Now the other, you create an IOU and give pledge it to your banker, but that is not enough security for your banker, yes, you are a nice guy and all, and your banker likes you a lot, but you need more security for your banker to create money, and what is that security? Glad you asked, your banker needs you to pledge real estate, yes, your house, farm, factory land and buildings, or commercial land and building. Got it? Good, yes you need a piece of land, and much better with improvements. Ok, so you pair your promise to pay, the IOU with your real estate pledge called a Mortgage, from that now your banker can create new money.
Yes, that’s it. At least as far as creating money goes, but do you know how money is destroyed or the debt extinguished? No? Well the answer is simple, the debt is extinguished when the debt is paid back, and the money is destroyed when the account is zero out and the notes shredded or burned. Ah, but pay attention, if the note is destroyed before the debt is paid there won’t be anything to extinguish the debt, other than to default. Get it? Good.
So how does the Ultra Elite get to own all the wealth while you end up in debt? Simple, they charge you interest on the money created. That’s it, that is why they need to keep you in debt so they can charge you interest and extract your life energy.