EDITORIAL by Ivan Beliveau - 18 July 2011: It is obvious to most people that in order to survive financially in the current world some money is needed. Not so obvious, is that there is a real easy way to “make some money.”
There are the customary ways to make money. One simple way is to go out and get a job and earn it. This seems pretty obvious and involves someone using his or her brains, skills or muscles in the service of someone else. There are also other ways to make money.
Enterprising people might choose to start a business of their own and become entrepreneurs. Young kids might do this with a lemonade stand. Many of us have done this. Some of us then mowed lawns or babysat to earn some “pocket money.” There are also illegal ways to make money.
Sticking with legal ways to make money, there is one very easy way to make money that is foolproof…literally and figuratively – BORROW IT. It is that simple! Really.
Because of the way modern money creation works, money is created by the act of borrowing. Really!! You see, modern banks don’t really have much money in their vaults! They don’t!
When a person goes to the bank to take out a loan, that act of borrowing creates the money. It initially doesn’t make sense – does it? The fact that it initially doesn’t make sense doesn’t mean that it isn’t a true statement. All modern fiat (by decree) money is borrowed into existence!
Editorial continues below the video
Most people will not watch the video below. If you are not most people, set aside 45 minutes.
The documentary may be the most important video that you can ever watch. It will not threaten Lady Gaga’s fortune. However, failure to understand the facts in the documentary may threaten yours!
Some people may never understand the perils of using money as debt!
Some people may never understand that the interest on debt isn’t created!
Some people may never understand that debt can’t be paid-off with a dollar bill! It is debt also!
Paying-off a debt with a dollar bill is like paying-off a credit card with another credit card!
People shouldn’t take out loans that they can’t afford to pay back.
Banks shouldn’t loan money to people who can’t pay back the loans.
Because most people don’t understand the above, there is a financial storm “on the horizon.”
Tsunamis have been in the news these days. A financial tsunami is forming! Getting to higher ground makes a lot of sense. “Getting to higher ground,” means understanding what is happening and taking the necessary financial precautions. Failure to do that has unpleasant consequences.
Getting financially “swept out to sea” will be a very unpleasant prospect and the governments (run by the banksters) will not help…they are the problem…and we are just beginning to understand this!