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From “Zeitgeist Addendum”


“It is no measure of health to be adjusted to a profoundly sick society” J. Krishnamurti . . . .

The fractional reserve policy perpetuated by the Fedreal Reserve which has spread in practice to the great majority of banks in the world is in fact a system of modern slavery. Just as the Federal Reserve keeps the American public in a position of indentured servitude through perpetual debt, inflation, and interest; the World Bank and the International Monetary Fund serve this role on a global scale.

"None are more hopelessly enslaved than those who falsely believe they are free". Johann Wolfgang von Goethe 1749 - 1832

As of now the world financial system is on the brink of collapse due to its own shortcomings. The Comptroller of Currency stated in 2003 that the interest on the U.S. national debt will not be affordable in less than ten years. This theoretically means that total bankruptcy of the U.S. economy and its implications to the world are immense.

The fractional reserve based monetary system is reaching its theoretical limits of expansion and the banking failures you are seeing are just the beginning.
This is why inflation is skyrocketing, all debt is at record levels, and the government and the fed are hemorrhaging new money to bail out the corrupt system.

For the only way to keep the banks going is by making more money.

The only way to make more money is to create more debt and inflation.

It is simply a matter of time for the table to turn and there is no one willing to take new loans.
Defaults grow as people are unable to afford their current loan, then the expansion of money will stop and contraction will begin on a scale never before seen -- ending a century long pyramid scheme.
This has already begun.

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Comment by Nicholas Truske on April 29, 2009 at 4:05pm
I think the main reason for socialism’s dominance here was the creation of The Federal Reserve System. This made it possible to direct the power of the money printing press into the hands that could then manipulate the direction the country would go. They aren’t actually printing money—they are printing debt notes—a poor substitute for real money. The few powerful people that created the Federal Reserve did so to further entrench and centralize their own power at the expense of us citizens. The ones now in control of the “money”, like Rockefeller, who hated competition and the free market system, helped finance the worldwide program for a controlled economy through the United Nations. I am interested to see how this manipulation has affected the Power Distance Index - by Geert Hofstede - http://www.kwintessential.co.uk/map/hofstede-power-distance-index.html. I think the centralized fiat banking system has made people less willing to confront authority - which appears very dangerous in the long run.

“Since 1913, when the Federal Reserve was created by Congress, your money has lost 96% of its purchasing power due to inflation. The more “money” the Federal Reserve creates — the less your Federal Reserve “money” will buy.” (www.libertydollar.org/)
Control of the “money” made it possible to control institutions such as the FBI and CIA . This power to create money has historically blackmailed and terrorized both Republican and Democrat parties into a submissive compliance. It is responsible for the 1930’s depression, And makes wars economically possible for the Military Industrial Complex to feed on —warning politicians, university presidents etc. to comply or die.
Comment by Kaiya N on April 29, 2009 at 11:26am
The Federal Reserve is charged with making and administering policy for the nation's credit and monetary affairs and helps to maintain the banking industry in sound condition. It has been noted that the impact the credit crunch is having on lending. Some of the banks lending practices were suspect to say the least, and it have come into major question over the last year or so. A recent Federal Reserve Board survey revealed that the lending requirements and availability were far tighter than they've almost ever been, and that second tier short term lenders were far more active than they had previously been. Payday loans are more or less the loan type that's become more prevalent, as lenders aren't nearly as constricted as heavily leveraged megabanks. Demand has obviously not shrank, and supply will rise to meet it, as cash advance lenders have against the stingy lending practices of larger institutions.

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