TRILLION$ for the BANKER$ DEBTS for the PEOPLE Part 2
Published on November 4th, 2008 by: admin in: Finances, Humanity
TRILLION$ for the BANKER$
DEBTS for the PEOPLE
The Freaky Story of the Money-Control Over America
And How to Protect Yourself
By Pastor Sheldon Emry
Fully Revised 2005 by Ozzie Freedom (1Freedom.com)
“MONEY IS MAN’S ONLY “CREATION”
TABLE OF CONTENTS
Please go to http://ralfengel.com/humanity/trillions-for-the-bankers-debts-for-the-people to read full article
“MONEY IS MAN’S ONLY “CREATION”
Economists use the term “create” when speaking of the process by which money comes into existence. Now, creation means making something that did not exist before. Lumbermen make boards from trees, workers build houses from lumber, and factories manufacture automobiles from metal, glass and other materials. But in all these they did not “create,” they only changed existing materials into a more usable and, therefore, more valuable form. This is not so with money. Here, and here alone, man actually “creates” something out of nothing.
A piece of paper of little value is printed so that it is worth a piece of lumber. With different figures it can buy the automobile or even the house. Its value has been “created” in the true meaning of the word.
Today these numbers are 250% higher, but you get the idea >>>
MONEY “CREATING” IS PROFITABLE
As is seen by the above, money is very cheap to make, and whoever does the “creating” of money in a nation can make a tremendous profit! Builders work hard to make a profit of 5% above their cost to build a house.
Auto makers sell their cars for 1% to 2% above the cost of manufacture and it is considered good business. But money “manufacturers” have no limit on their profits,since a few cents will print a $1 bill or a $10,000 bill.
How much does it cost to print money in the 21st Century?
G. Thomas Woodward, Congress Economics Division: “[Printing cost is] roughly 3 to 4 cents per note, regardless of denomination.”
According to Davvy Kidd in “Why A Bankrupt America”, the cost of printing is only $0.023, or 2.3 cents, for any given note.
But… AREN’T WE FORGETTING SOMETHING HERE???
The answer is absolutely YES WE ARE!!! The cost of “printing” money is now becoming non-relevant. Why? Because nowadays it’s almost all electronic. Paper money is disappearing FAST.
In July 2004, the U.S. Federal Reserve released a study that showed that electronic payment transactions in the U.S. have for the first time exceeded check payments.
According to NACHA, the Electronic Payments Association (as reported in PC Magazine, 2004) the statistics of payment methods for 2002 were as follows:
Electronic transactions totaled $695 trillion (88.9%), checks totaled $85 trillion (10.9%), while cash transactions were only $2.2 trillion (0.28%).
The Bankers’ computers now “print” any amount of ELECTRONIC money, from a single dollar to a trillion dollars or even more, for the same price of…practically zero!
The profit from “creating” money is part of our story, but first let us consider another unique characteristic of this thing - money, the love of which the Bible defines “root of all evil.”
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Tags: Business, credit crunch, federal reserve, Finances, financial crisis
November 4th, 2008 at 9:38 pm
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