It's also worth remembering that, when the current US dollar was created in 1933 after the bankruptcy of the US and the dissolution of the federal government, "The new money (paper promissory notes) is issued to the banks in return for Government obligations, bills of exchange, drafts, notes, trade acceptances, and banker’s acceptances. The new money will be worth 100 cents on the dollar, because it is backed by the credit of the nation. It will represent a mortgage on all the homes and other property of all the people in the Nation.” Senate Document No. 43, 73rd Congressional Record, 1st Session.
So, even if you think you "own" real stuff, that real stuff is collateral for the national debt.
I recently finished reading The Great Taking by David Rogers Webb. Very scary read how this can be done taking everything you have when things go south. Make sure you have paid your debts - mortage, car, etc., pay it off now if possible!
Yes, the whole thing is a monumental scandal. Although I agree with you that re-paying debt is a good idea, if possible, it may not protect you completely (or at all?) from The Taking.
I suppose we will find out soon enough! We know the next crash will be much worst than 1929 crash. I'm surprised this criminal system has lasted this long.
If you've read/seen "The Great Taking," you might conclude that none of that will make any difference.
https://www.youtube.com/watch?v=dk3AVceraTI&t=15s&pp=ygUQdGhlIGdyZWF0IHRha2luZw%3D%3D
It's also worth remembering that, when the current US dollar was created in 1933 after the bankruptcy of the US and the dissolution of the federal government, "The new money (paper promissory notes) is issued to the banks in return for Government obligations, bills of exchange, drafts, notes, trade acceptances, and banker’s acceptances. The new money will be worth 100 cents on the dollar, because it is backed by the credit of the nation. It will represent a mortgage on all the homes and other property of all the people in the Nation.” Senate Document No. 43, 73rd Congressional Record, 1st Session.
So, even if you think you "own" real stuff, that real stuff is collateral for the national debt.
I recently finished reading The Great Taking by David Rogers Webb. Very scary read how this can be done taking everything you have when things go south. Make sure you have paid your debts - mortage, car, etc., pay it off now if possible!
Yes, the whole thing is a monumental scandal. Although I agree with you that re-paying debt is a good idea, if possible, it may not protect you completely (or at all?) from The Taking.
I suppose we will find out soon enough! We know the next crash will be much worst than 1929 crash. I'm surprised this criminal system has lasted this long.