Illusory Money and the Economic System Construct
by Julian Websdale
Posted December 26, 2017
Governments could create their own money interest-free to pay for public services, but instead they borrow it from the banking system and the population has to pay it back, plus interest. It is the same with individuals and businesses. Governments don’t create their own interest-free money because they are controlled by the families who also control the banks, most notably the Rothschilds.
There is another vital aspect to understand about interest on money: when you take out a loan, the bank ‘creates’, in the form of ‘credit’, the amount of the ‘loan’. This sounds obvious and straightforward, except for one thing. You are not paying back only the loan; you are paying back the loan, plus interest, and the interest is not created, only the principle figure. This means that there is never even nearly enough ‘money’ in circulation to pay back all the outstanding loans and interest.
It is a fatal flaw with regard to human freedom and it has been done purposely to ensure that bankruptcy and loss of property and possessions to the banks is built into the system. ‘Privatisation’ is the selling of state assets in response to bank-created debt. More…