Let's Review
- Banks create all money.
- They do it when they make loans.
- Banks only create the principal when they make a loan.
- Banks never create money to pay interest when they make a loan.
- Since banks create all of the money as loan principal, then money to pay interest on one loan, comes from someone else's loan principal.
- Therefore, there is always more debt than money!
- That means increased levels of bankruptcies.
- Bankruptcies provide the system with money to pay interest - not taught in schools, but the truth.
- This debt based money system, institutionalizes corruption.
- When loan principal is repaid, it gets "extinguished".
- Thus, we can never get out of debt - unless we change to a wealth based system.
- Gold will not work as money - there is not enough of it in the entire world to pay off our debt.
- If we paid off all the debt, we would have no money in circulation.
- That's because we use debt for money.
- 3 ways to get money into circulation - gift it, loan it or spend it.
- You should be aware of the consequences of each.
- We should "spend it, not lend it"
- The Federal Reserve does not "print up" our money - it loans out "money"
- Most of the money you see on T.V., rolling off the printing press, is to replace existing worn out Federal Reserve Notes.
- "Velocity is what pays interest" - is a sham - a phantom explanation - money can't be principal and interest payments at the same time, no matter how fast it changes hands.
- "Production pays interest" is a sham too. Production is not money - and you need money to pay interest, today. If you sell your production for money, somewhere in the system that money was borrowed, in order for it to exist.
- Production and money are different.
- A debt based money system, ensures that the one doing the loaning eventually gets the property.
- The people doing the work, should get the property.
- Property Rights are essential to a free people - the essence of liberty.
- If you do all the work and someone else gets the property - that's slavery.
- We should own our money.
- Now, we don't.
- But, we could.
- There is a glitch in the way we finance infrastructure, if we "Fix the Glitch" it will heal our economy.
- The MINNESOTA TRANSPORTATION ACT (MTA) will "Fix the Glitch".
- The MTA can give us honest money, free of debt, interest and inflation.
- The MTA will authorize the debt free funding of safe, modern bridges and roads.
- The MTA can create millions of jobs, decrease and in some cases eliminate taxes.
- The MTA is a robust solution that will showcase Minnesota leadership.
- You can help!
- Email us to find out how:
moneyaswealth@gmail.com
