The Middle Class have the wool over their eyes
May 14, 2012 2 Comments
The apparent complexity over today’s financial systems is used to disguise the truth or to hide the truth, the process by which the banks create money is actually very simple!
They take your savings and money and trade it. They will take your $100 and borrow it to 5 people. The process of fractional banking is the quintessential element of modern finance. Let me open a bank and hold just enough physical money to met demands for my customer’s cashflow, and the rest can just be fake money, living as bytes in the computer. Scary stuff?
It should be, because you are the ultimate victim. You are brought up believing that if you study hard and get good marks and get a good education and live as an honest person that you will be successful. So, the middle class is this:
The Middle Class
1. Their expenses >= income
2. They have liabilities – Mortgage, Car, Credit Cards
3. No real assets (nothing making them cash) your car, house aint an asset if it does not make you money.
The Poor Class
1. Their expenses >= income
2. They have no assets, and no liabilities, because the bank won’t borrow
3. They much more happier than the middle class because they have no liabilities.
I find it ironic that the middle class think they are in control of their lives. The thing is they taught to work hard and save money (so the bank can abuse it in hedge funds) and buy a house (liability), car (liability), and then they measure their lives upon this as success.
Debt is our society is what causes instability. The problem now is that the middle class are becoming poorer and poorer, because the government can extract money from you just as easy as it gives it, look at America. 2006, times were high, any fool could get a mortgage, look at them now, they poorer than before, but hey, they felt like the middle class, because they had a car and house on a loan! woopie, and lets get a credit card so we can by fancy clothes so we can “compete” with our neighour.
And there lies the problem, we should not be comparing ourselves with the person next door, look further than your nose, and you will realise that you part of a bigger game, you just a CONSUMER, because the education system has taught you to be that way. Live hard, work hard and finally one day, you will have a cute little nest egg and hopefully you paid off that 30 year mortgage, unless the loan sharks came back and convinced you to remortgage, so you can have that nice car and nice jacket and nice expensive lifestyle, so you can FEEL rich.
It’s all BULLSHIT.
What is the point of using credit to fund debt if what you buy will eventually lose its value because the monetary system is severely flawed? That bank note in your wallet means jack shit, it is all based on one thing TRUST. I TRUST the government will guarnatee that I can go buy my eggs and bread with this. Great, and then as I said earlier, the Government has ways to extract money back from you just as easily as banks give it. Inflation and Interest Rates.
So, the next time you think you doing well, because you just bought an apartment and got a new car (with the help of the loan sharks), think again, you the next sheep to the slaughter.
You want to make it out of this black hole, then don’t be like the rest of us, spend your money accumulating assets not liabilities. And be happy and content with the little that you have, fuck the fancy house and fuck the fancy car and get your money working FOR YOU not for the fucking banks.
As the TAO says, the best path to Riches is the least path trodden on.
Use credit to obtain assets, not to create liabilities. That first home, is a liability unless it is making you money. You car is a liability (unless you a taxi driver).