August 27, 2011
The world’s economic stage, pace, and policies have been set up (by design) as part of a scripted, predetermined (desired) outcome by tyrannical oligarch’s that have been dominating the minds and souls of many for hundreds of years.
Major players like the IMF Bank set the pace on a grand scale.
The fiat currency (paper or electronic) that you hold in your wallet or bank account is really just an illusion, a hologram to control the masses.
What makes that paper or electronic data worth anything at all?
Take a construction loan for example;
To build a new home can sometimes be a challenge, especially when it comes to the cost, this is where the banks and the scam comes into play. They prey on the consumer who is not set up on a cash money basis and wants to live outside their means.
Here is how the scam works;
First the bank lends the borrower a pre-approved amount based on the credit rating and down payment of the customer at interest.
So lets say the customer gets a $300,000 construction loan to build a home, then hires a General Contractor to build the home.
First of all the customer more than likely put around 10% of the total loan amount down or more as a deposit on the bank loan (fiat). So by the bank lending the money through electronic means (i.e. paper checks from a loan account), the bank has no out of pocket expense and just collected a minimum of $30,000 dollars that the bank will turn around and reinvest and make even more money off of.
Once the loan was initiated and the construction process begins the contractor will get paid through a series of draws. During the entire process and after the house is completed the customer will be making monthly loan payments — making the bank even more money out of thin air.
Ah, but here is the kicker.
After the home is complete if the customer defaults on payment for 90 days the bank will then repo a “tangible asset” that was built at no cost to them, while the bank profited the whole way.
So at no loss to the bank the bank will then resell the home at market value that was originally built out of thin air and make the $300,000 back plus the money they collected from the down payment and all the monthly payments, not including what they made off the interest and investing that cash in other ways.
So you now can see why the bankers have an incentive to actually destroy the economy in a sense.
The IMF has been gloating recently, letting the cat out of the bag.
Here is an excerpt from the Wall Street Journal;
JACKSON HOLE, Wyo.—Risks to the global economy are rising and countries must be quick in adopting the right policy mix to ensure a continued recovery, International Monetary Fund Managing Director Christine Lagarde said Saturday.
“Developments this summer have indicated we are in a dangerous new phase,” Lagarde told a meeting of top monetary policy makers from around the world. “The stakes are clear: we risk seeing the fragile recovery derailed. So we must act now.”
The new IMF chief, a former French finance minister, said monetary policy should remain easy because the risks of recession are greater than inflation risks. Inflation pressures from energy and food prices are abating and inflation expectations in advanced economies such as the U.S. and Europe are well-anchored, Lagarde said.
The bankers can’t wait until the world economies implode so that they can further implement the SDR (World Currency) and finally gain their New World Order. This is what they have been working so hard for, for so long.
The coming months we will have a front row seat, a ticket, to see one of the most orchestrated events of all time unfold as the illusion persists on the main stream media.