Crime Against Humanity: “National”, “Federal”, “Central” Banking, 8
Then, the trap begins to operate. After one year the government owes the central bank 1% of all the existing money, and what are the options left to the victim that “for some mysterious reason” can’t turn against the loan shark? To repay the bank it basically has to choose between: shrinking the money supply; borrowing more money from the bank; undermining its assets; stealing in its turn.
Shrinking: shrinking the amount of blood circulating in a living organism below the optimum amount it needs is but suppressing it towards death; this is one of the usual strategies of bankers and their partners in crime, but for the sake of simplicity now let’s assume they will discard this option as their current intention is to keep things in a “level” state – as level as it can be the state of one who is sawing the branch one sits on, also known as the difference between short−term and long−term view.
Borrowing: we have already seen before what happens if the government decides to borrow more money to pay the interest on the borrowed money – a dead end street for the government and the people, ending up in the banker and his partners in crime owning everything and everyone.
Undermining: selling one’s assets to honour one’s commitments is a distress sale anyhow: if it’s the seller that needs to sell, we know how the story goes. Suppose on the island there are actual goods – resources and products – corresponding to 10,000 units, and the government owns 10% of them, 1,000 units. It’s now up to the banker the discretion to accept his yearly 1% of 100 units of interest paid in goods instead of money. If he’s “obliging”, 10% of the government assets, representing 1% of all the goods in existence, are directly transferred to him; if he’s “unswerving”, it’s going to be even worse, as the government is forced to a clearance sale, and we can expect it to undersell say 150 or 200 units of its assets to scrape together those 100 units; and we can expect the buyers of those undersold assets to be partners in crime with the banker, isn’t it?
