As student debts strangle, house prices soar, pensions evaporate and we all struggle to make ends meet, English Teacher Online feels obliged to point out the relationship between broken money and the rise of cryptocurrency.
Once again this week, America faces a government shutdown. The American debt is over 20 trillion dollars and has surpassed the GNP in debt – America is officially a debtor nation. They are trying to grow their way out of it but it probably won’t work.
Why is Money Broken?
Since 1913, the way money is created in the economy has changed dramatically. In 1913, both the Federal Reserve Act and the Internal Revenue Service were created and passed as law in shady circumstances. Most of the country knew about it and had strong feelings about it but today maybe 80% of US citizens have no clue what the Federal Reserve is, much less who most of their debt is owed too.
In the 1970s, America left the gold standard completely which was the final part of a plan to break the people’s money. Prior to this Fort Knox and other mints backed US currency with gold. Today, there is no gold in Fort Knox – money is not backed by any tangible asset. In fact, money is not money anymore – money is debt.
Money Is Debt
Every dollar in existence, the money in your paycheck, the money you buy groceries with, the money you pay your cable bill with – it’s all debt borrowed into existence. The money is borrowed from the Federal Reserve, from the treasury as a low interest loan and the Government pays fees eternally. They also sell Treasury bills with a guaranteed rate of return to citizens and other countries.
What this means is Congress no longer mints money. The founding fathers had strong feelings about central banks, having left England for financial and religious freedom. Thomas Jefferson called Central Banks, “a greater threat to liberty than a standing army.”
How Are We Chained To Broken Money?
Now we have identified the instrument of debt for all Americans, we now need a way of chaining them to this debt – and here comes the rise of the Internal Revenue Service. Any idea that a Government should tax anyone on their income is regressive. People should be taxed on consumption not production. When the IRS was first put into law, taxation was never meant to exceed 3%.
So now you can see the US Dollar is a currency backed by nothing, created by a quasi-federal bank that creates debt and lends the money they created out of thin air to the Treasury, that creates a debt on the American people.
They also determine the interest rate and regulate the amount of inflation in the economy by contracting or expanding the amount of money in the economy. They receive an interest payment every year as part of the taxes levied on the American people.
Who on Earth Would Create a System Like This?
Well, the answer is the world banking industry.
Banks know that debt can be represented as an asset on their balance sheet and they can use that asset as financial leverage across the world – and they do!
For banks, a loan is an asset – for us, a loan is a liability.
Banks leverage these assets and create more loans leveraged against them. So they can lend against this asset up to 100X depending on the bank.
Our monetary policy needs to change. We need to leave this system of usury that enslaves most of the world population regulated by Central Banks.
Why Hasn’t It Changed Already?
Any country that attempts to change the status-quo becomes the enemy and is subjected to the military. A great deal of war, death and misery is inflicted on those who attempt to break free from this control by the global power system.
Banks finance war on both sides so the winner is irrelevant to them – banks always win. War stimulates the economy, and that’s one of the reasons we have wars.
The last American president who attempted to end this financial slavery was assassinated.
It’s all about money and control.
How Can People Take Back Their Money?
This is why Cryptocurrency is so appealing to people all around the world. A decentralized currency is worth what people think it’s worth. It is free of government control and therefore is not an instrument of debt. It can move freely from person to person, across state and country lines almost instantaneously and without crippling fees or governmental intervention.
This is why many countries and banks hate it.
The financial and insurance industries are afraid. Banks make money in bonds, annuities and securities – giving little or no return for the money you invest, while they make 200% on your money. Banks are trying to destroy crypto or control it if they can. They recently attempted to take all the value out of the crypto-market by shorting it. But there are thousands of new people each day moving in to support it.
Money is Broken and the People Can See!
People have decided to stop playing the bankers’ game. As billions flow into the crypto-market, new exchanges can’t take the load sometimes. The market could top 5 trillion dollars in 2018, with huge wealth transfers from across the globe.
Money has changed forever and the genie is not going back in the bottle. This is not about tulips or bubbles and any person who says otherwise has no understanding of the modern global economy or is trying to support the current system for their own gains.
In 2020, people globally may have no memory of a time when there were no decentralized currencies. People are choosing liberty on an individual scale. Once we take back our money, we have a better chance of freedom.
How Can I Join The Crypto-Evolution?
Study the markets carefully. Try to buy on the dips, not at all time highs. Take your time, and sign up to these exchanges – use your own affiliate links to invite friends. Study the markets again together with groups of people you trust and only choose investments that you truly believe in. Finally, never invest more than you are prepared to lose.
https://cex.io/r/0/up112568409/0/ to start buying Bitcoin in the UK/USA etc.
https://bx.in.th/ref/fV0HgS/ to buy Bitcoin in Thailand.
https://www.binance.com/?ref=12097922 to buy alt (alternative) coins with Bitcoin.
Ledger Nano S to keep your cryptocurrency safe OFF-LINE.
https://www.wealthyaffiliate.com?a_aid=b9066427 for a 7-day trial teaching you how to build your own affiliate website like mine!
Please use my affiliate links and email Steve@EnglishTeacherOnline.Org so I can earn some commission while helping you start your own crypto-currency portfolio. Commissions earned will be used to fund English Teacher Online.
Disclaimer: I am not a financial adviser, always do your own research and only invest in projects you truly believe in.