The economic situation we see today is what the international bankers and elitists intended. The current state of the American economy was inevitable.
To understand why, one must first review the basic principles of our monetary system. Once the basics are clearly seen, the lies, deceit and theft are obvious.
We have a debt-based monetary system. "Money" comes into being when the Federal Reserve, a cartel of private banks, lends 'dollars' to the federal government in exchange for government bonds. The bonds are backed by all the real and personal property in the country. The 'dollars' are imaginary units; 'notes' that are backed by and redeemable for nothing.
No competition is allowed. The ONLY thing that can be used for money is debt created by, and benefitting, the Federal Reserve bank. One MUST use Federal Reserve Notes to participate in the American economy. Significantly, one must also obtain Federal Reserve Notes to pay the ever-increasing taxes created to pay for this system (and to fund perpetual war).
What many do not understand is that the only way to pay a debt plus the accrued interest, is by paying back 'money' that does not exist. This means that, of necessity, the ultimate resolution of all debts is either forgiveness or foreclosure. The option we assume is available -- repayment -- is not available.
I repeat: this is not an unfortunate miscalculation or minor problem with the system. This IS the system as it was designed and intended. When the Federal Reserve Act became "law" in this country, the eventual transfer of ownership of everything of value to the bankers became a certainty. The only question was how long the 'cat' wanted to play with us mice.
If it surprises you that a banking mechanism that creates nothing of real value can wind up owning everything, you need to take another look at how a debt-based monetary system works.
Suppose we're on an island and we decide to use coconuts for money. It takes a certain amount of effort to harvest coconuts, but they are intrinsically valuable (one can eat them). If I want to buy your hut from you and you offer to sell it for 100 coconuts, that debt can eventually be paid.
However, suppose we have a banker on the island with us, and he convinces us to use coco-Notes instead. I go to him to borrow 100 coco-Notes. These 'notes' do not exist until the loan is created. Suddenly, our little island economy has 100 monetary units in circulation. At this point, that's all the money there is. So I pay you for your house. But I borrowed those 'notes' at interest, say 1%. Where does the interest come from?
Suppose on this same island, Rita wants to buy Sam's canoe. She borrows 50 coco-Notes to make the purchase. I can then do some work for Sam (who has spending money from selling his canoe), and earn the 'Notes' to pay off my loan. Now Rita has a problem. The banker has the interest, the principal of my loan is paid and ceases to exist, and there's no lien on my hut. But Rita owes 50 plus interest on the canoe, and there is not that much 'money' in the economy. There is NO WAY she can pay. So the banker forecloses and winds up with the canoe.
It's a dog-eat-dog world. I can no longer create value and monetize that value. All I can do is use the debt monetized by the bank. As a matter of LAW, my gold, silver, and coconuts are no longer money. They are simply commodities; property hypothecated against the debt created by the bank. Life becomes dog-eat-dog because the only way I can pay my interest is by going after someone else's principal. Whoever is still struggling when the music stops loses everything.
The game runs as long as the banker wants it to. As soon as he stops making loans -- 'creating money' -- those at the bottom of this food chain start facing foreclosure.
Welcome to America 2008. This is EXACTLY what the bankers are doing.
As we watch, the Federal Reserve is taking direct control of more and more banks. Their little flim-flam game is stealing all the property in America and, as Jefferson said, we are about to wake up homeless on the continent our forefathers conquered.