Housing Bubble

sum.buddy says:

Banks loan money they don't have. Then they foreclose on people's property when they don't get "paid back". Don't believe me? 14th edition Encyclopedia Britannica: "Banks create credit. It is a mistake to suppose that bank credit is created to any extent by deposits of money into the banks. A loan made by a bank is a clear addition to the amount of money in the community." More dollars = inflation, a secret tax on the people. Google: "Fractional Reserve Banking" and “Federal Reserve Fraud”



Imagine working to build this country, then finding out that you don't have enough money to buy what you have just created. Bankers have conned us all... We are forced to use a money system that is corrupt by design, stealing from those who do the real work and giving it to those who do nothing. "Wealth doesn't disappear, it only changes hands." Who has it now?



The “Fed” is an unconstitutional, illegal monopoly on the creation of money. Our constitution specifically states that only Congress can create money, only in gold coin. What has happened since the Fed has been running things is that wealth has been cleverly stolen from the working man and woman and funneled into the pockets of rich bankers. They run the show, not politicians! Google Video: “Money as Debt” and “Fiat Empire”.



"If the people understood the rank injustice of the money and banking system, there would be a revolution by morning." - Andrew Jackson "Our goal is gradually to absorb the wealth of the world." - Cecil Rhodes. "The Federal Reserve is the most corrupt institution the world has ever seen." - US Congressman Luis McFadden. "Banks loan money they DO NOT HAVE" - John Maynard Keynes. "A "loan" made by a bank is a clear addition of money into the community." - Encyclopedia Britannica, 14th ed.



Money is the lifeblood of commerce, property, and industry. We have given over the creation of money to bankers, who are nothing but a bunch of parasites and thieves. The responsibility for the creation of money belongs in honest and publicly accountable government - not private, secret, greedy hands of bankers. Article I, Section 8 of the constitution says only Congress can create money, yet the privately owned banks of the “Federal Reserve” do it instead. Google: "Federal Reserve Fraud".



Since money is not based on gold anymore, money is only an idea. Ideas are not scarce. There should be no shortage of money to lubricate the gears of commerce any more than there should be a shortage of imagination. Today money is created on computers and paper, and since it is so easy to create, no one should have a right to charge interest on its creation. Yet, that is what the “Federal” Reserve does - loans money to the government, charging interest, putting the country into debt.
Posted 22 months ago. ( permalink )