[Skybird]

Why "but"?

Compare to today'S paper money, which represents receipts, vouchers for material values that do no exist. Somebody thought "We need more paper money so that we can spend more". And so he just printed it, not putting aside any material commodities that guarantee for these receipts, that form a material security.

Now that is as if somebody wants to pay somebody else by saying "Here, take this: I wrote this certificate of debt, worth my last shirt, you can trade and barter it to anybody who can take my last shirt from me when handing this note out to me." - But what if there is no last shirt in my cupboard, and I ran around already naked, and I have no last shirt? The certificate of debt by which i recognise that I owe the value of one shirt to the owner of that certificate, is worth nothing, obviously. Where nothing is, nothing can be taken, where I do not own anything, nothing can be taken away from me.

The king parades in the street these days, showing off his new clothes, and everybody says "Oh!" and "Wowh!" and "Look how fantastic his clothes look!" But the mere truth is - the king is naked.

The day will come when even the slowest people will recognise what is going on - and from that moment on nobody will give you anything for your Euro and dollar notes anymore - nobody. Since the first day when the banks handed out more credits and notes than they had stored in security values in their safe, they were bankrupt. In a fractional reserve system, all banks are allways bankrupt and cannot address their liabilities if customers demand that. Only a microscopic fraction. One of the greatest evils, one of the greatest crimes in the history of man: the fractional reserve banking system. A total disaster from day one on - with an unlimited guarantee that there never can be a happy end.


And then come some idiotic alchemists who are drunk of their own greatness and glory and tell the world that we must steal and plunder from people trying to secure their life at old age by putting aside some savings during their life, and that we must print more money and create money FROM NOTHING...? HOW CRIMINAL AND HOW INSANE IS THAT...??? You can lower your debts by spending more - and living more and more on tick and increase debts and intensify taxes and plundering...???

Somebody wanna seriously tell me their world is not a madhouse that I am living in...?

It does not need rocket science to understand these things. Every two kids bartering their candies and counting them and collect their missing colours know that. We are talking math, first class elementary school. The Rogoffs and Krugmans and Yellens and Draghis and almost every career politician of this world never had maths at school, obviously. Nor did they had lessons in ethics and morals. Though shall not steal - nobody has heard or read that before...?