Small Loans Do The Same Thing
498 sats \ 5 comments \ @supratic 23 Jul charts_and_numbers
1 https://m.stacker.news/41237 https://m.stacker.news/41238
If you haven't quite grasped the impact of the above, let us consider a small loan for 3 years at 18% interest. Step 1: Citizen borrows $5,000 and pays it into circulation (it goes to the dealer, factory, miner, etc.) and signs a note agreeing to pay the Banker $6,500. Step 2: Citizen pays $180 per month of his earnings to the Banker. In 3 years he will take OUT of circulation $1,500 more than he put IN circulation.
Every loan of Banker “created” money (credit) causes the same thing to happen. Since this has happened millions of times since 1913 (and continues today), you can see why America has gone from a prosperous, debt-free nation to a debt-ridden nation where practically every home, farm and business is paying usury-tribute to some Banker (Govern). The usury-tribute to the Bankers on personal, local, State and Federal debt totals more than the combined earnings of 25% of the working people. Soon it will be 50% and continue upward.

Footnotes
  1. Data generated with https://www.calculator.net/loan-calculator.html and chart designed using https://www.csvplot.com/ ↩
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This is a chapter of the book

Billions for Bankers & Debts for the People
The Real Story of the Money-Control Over America - by Pastor Sheldon Emry
Give it a read! Start from the...
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100 sats \ 0 replies \ @supratic OP 23 Jul
Something else I'd probably add here is the fact that is not the “Banker” “creating” money as credit. It's John Galt instead, his signature (not the autograph) placed in that paper that then create another valuable document, declaring to a global market that JOHN GALT Inc. is willing to take credit for something. You John Galt, did you know there was all this hidden system behind? I didn't!
What that document does, from my little understanding, is to also allow the Banker to claim that amount of 5k (if not a much bigger one) from the initial JOHN GALT Inc. bond created at birth, and add more debt/credit to the global fire we call now global economy.
That same document we sign, also get converted in a tradable asset and is then traded as bond too, contributing to the wealth generation of those playing the game! So the “Banker” get paid twice!
Doing my best here to translate this process in words, Hopefully there's someone here able to better explain what's going on behind the scenes.
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21 sats \ 0 replies \ @TNStacker 23 Jul
https://m.stacker.news/41242
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