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Tuesday, August 02, 2011

The National Debt, Banking and the Money Supply

by Mike Adams, the Health Ranger
Editor of Natural News:

Tuesday, August 02, 2011

Seven startling things most people still don't know about the national debt, banking and the money supply

(NaturalNews) "Most people, even smart people, know surprisingly little about the way money really works in Big Government. With the debt ceiling fiasco suddenly raising awareness of the possibility of a total global financial blowout, now seems like a good time to remind people of seven disturbing facts about money that are almost never acknowledge in the old media.

Fact #1 - There is no FDIC insurance fund.

The money at your bank is insured against loss by the FDIC's insurance fund, right? Nope. That's total fiction. There is no actual money in the fund. The FDIC insurance money has already been looted by the U.S. Treasury which has simply replaced the money with a bunch of IOUs.

Why does this matter? Because it means that if the U.S. government goes into default, so will the FDIC! And that means all your bank funds have zero insurance. That's gonna be a big shock for tens of millions of people when they finally figure this out one day...

Fact #2 - There are no social security funds, either.

When you pay social security taxes, all that money goes into a trust fund that's held for safekeeping until the day it pays you back, right?

Ha! That's the "sucker's view" of social security that only ignorant people believe. In reality, there is no money in the social security trust fund because it too has all been looted by the U.S. Treasury and spent. In truth, social security is already broke. Can't wait for people to wake up and figure this one out, either...

Fact #3 - The U.S. Treasury is stealing money from you every day, even if you pay no taxes!

Here's a mind-boggling truth that most people just can't seem to get their heads around: The U.S. Treasury is stealing money from you every single day by the simple fact that they keep creating new money and handing it out to wealthy banksters. Well, technically this is being done by the Federal Reserve, which isn't even part of the federal government. But it's all done in cahoots with the Treasury, which is eroding the value of your money through these money creation and distribution actions.

That's why prices keep going up all around you, folks: Food isn't suddenly worth more money; the truth is that your money is worth less! That's how the Treasury and the Federal Reserve steal from you without even breaking into your home.

Probably 99.9% of the population has no understanding of this phenomenon -- the erosion of currency valuation through the centralized government printing of more currency. And yet it is a government scam that has been carried out against citizens of the world time and time again, spanning millennia! As history has clearly shown, every nation that goes down the path of printing more currency to pay its bills eventually ends up in a runaway hyperinflation scenario followed by economic collapse. The USA will be no different.

Fact #4 - The "balanced solution" isn't balanced.

Don't you love the quirky White House Press Secretary who keeps spewing out the phrase "balanced solution" even while the debt deal leaves the U.S. budget entirely unbalanced?

When you're spending more money than you're earning, that's not financial balance. When the White House says "balanced" what it really means is "compromised" -- as in, half way between the Republican position (spend us into purgatory) and the Democratic position (spend us into oblivion). Neither party has any real solution to the cancerous growth of Big Government. That's because they are creatures of Big Government!

Politicians can no more solve the problems of Big Government than arsonists can solve the problem of office fires. Because they are, themselves, creatures of runaway debt spending (how else do you get elected these days?), they simply do not possess the cognitive framework from which real financial solutions must stem. (snip) ...

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