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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Slumdog who wrote (233911)12/22/2009 12:19:11 AM
From: Skeeter BugRead Replies (1) of 306849
 
SD, i agree with schiff. i will note that the economy he is discussing is *very* different than the economy in which we live (thanks to banksters who have gamed the system and use the government to enforce their stranglehold).

wealth and money are two entirely different things. in schiff's scenario, the wealth is the money (medium of exchange). steaks, candles, bread all act as the monetary system.

go to a bank and try to pay interest on a loan with gold. steak/candles/bread. they won't accept it, even though those things have some wealth value. they don't have any intrinsic value to pay off debts in our system - UNDER THREAT OF LAW!

these items of wealth must be converted into a medium of exchange (money) first - AND THIS PROCESS HAS BEEN GAMED BY THE BANKERS BECAUSE THEY CONTROL THE AMOUNT OF THE MEDIUM OF EXCHANGE THAT IS AVAILABLE FOR EXCHANGING PURPOSES.

the only way they will give an economy more money is if that economy will pay them a cut of the proceeds - that is, interest on the money created through a loan.

if banksters don't get their cut (interest on the principle created and given to the economy), the society doesn't get any more legal medium of exchange. the banksters are the toll booth for the monetary highway.

i give a specific example to grace explaining why finding new gold or growing more corn doesn't create money (a loan is required to do that - THE BANKSTERS NEED THEIR CUT OR SOCIETY DOESN'T GET MORE MONEY!).

Message 26194546

wealth and money are two very different things. the banksters have gamed the process by which money is issued in order to transfer ever increasing amounts of money and wealth from the economy into their pockets.

a piece of corn represents wealth, but it is worthless to pay off a debt unless there it can be converted into money. if money IS UNAVAILABLE, one can lose their $20k farm EVEN IF THEY HAVE $100K WORTH OF CORN SITTING ON IT!

and they try and kill people who get in their way - like they tried to assassinate andrew jackson.
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