KENDAL ARAIS TUL GONZALEZ 1032-16-20712

Greece printed up sovereign bonds (within greek law), then had said bonds monetized
by German and English banks - converting a future promise into private bank Euro
credit for today.

The bank debt denominated in Euros (creates credit outside of Greek law), then flowed
to Greece, and then promptly left Greek economy. How? Bank credit Euro's left to
buy BMW's and other German goods, as Germany is as mercantilist economy (exports
more than imports).

Germany ignores another prime directive: All foreign trade is only barter. All foreign trade
should balance.
Germany then imports former Greek Euros in imbalanced trade (bad).

Greece ignores yet another prime directive, they allow their debt to go
exponential. Never refinance interest. New sovereign bonds are created to refinance old
sovereign bonds. This then converts interest in old bond, into principle of new
bond. The interest then goes exponential, and outside of the ability of nature to
pay. Greece has then screwed the future for today.
Meantime, sociopaths like Schauble are wiling to destroy Greek citizens future, by
taking their already paid for commons (airports and fixed assets) to pay foreign
bondholders (mostly Germans) forever. German's should be embarassed. They are
acting like Jews, taking rents on the vulnerable. Worse, German's had their Nazi debts
erased by America post war, and further nations like Greece were forbidden from suing
Germany. But, since Germany's real history has been erased by our ((friends)), then
you get a sort of brain dead German population exemplified by Schauble.

Human's are generally stupid when it comes to money; greed and usury funded in-
group behavior has spread mass hypnosis in form of false doctrines. So, most people,
especially paid for politicians, are walking zombies with bad wetware informing their
behavior.

Another law:

All nations are sovereign and exist for their people, not the "international."

The common currency with club med does NOT help the German industry a lot. Without
the Euro, the Deutsche Mark would be much stronger, leading to lower earnings from
exports, BUT wages would be effectively higher, leading to stronger consumption within
Germany! The Euro redistributes within Germany from the workers to the factory owners
depresses demand.

o U.S. currency is a Federal Reserve Note.

o This note is a loan, with interest (although low at the moment).
o The lender is the Fedral Reserve Bank, and the borrower is the U.S. Treasury.
o Only a very few U.S. taxpayers own shares of the Federal Reserve Bank.
o All U.S. taxpayers are co-signers on the U.S. Treasury's borrowing.
o The U.S. Treasury is obligated to fund much of the IMF's expenses and back-stop any losses to its
portfolio of loans.

Everybody realizes that this is just bailing out debt with MORE debt, right? Its not like
the US has the money to lend, so in the end, its really not costing the taxpayers anything,
since they can't even cover US obligations let alone loans to other bankrupt
 KENDAL ARAIS TUL GONZALEZ 1032-16-20712

countries. What a farce this whole system isEverybody realizes that this is just bailing
out debt with MORE debt, right? Its not like the US has the money to lend, so in the
end, its really not costing the taxpayers anything, since they can't even cover US
obligations let alone loans to other bankrupt countries. What a farce this whole system
is

Greece misrepresented the true state of its finances, it has enormous off-balance sheet
liabilities, it is expected to run a double-digit budget deficit to GDP this year, it has a heavy bond
issuance schedule this year it was bound to have a crisis at some point wasnt it?

All nations are in "debt" to banks beyond their ability to pay.

There are those on here who say "well, if one guy is in debt, another must be in
surplus."

Wrong.

The fact that EVERYONE is in debt and nobody can figure out to whom proves that
banks lend capital they do not have.

The banking system is kiting checks against the future, lending out what they do not
possess, hoping to get real assets in exchange.

How else can EVERYONE be simultaneously insolvent? Even China now says they're in
trade deficit. So, who is exporting? Who is lending?

The banks.

Why the hell is Greece seeking MORE money?

Fuck, CHARTER A BANK and lend it to yourself!!!

The "money" ostensibly lent by these major banks in the banskter West NEVER
EXISTED. They spun it out of the ether as an ACCOUNTING ENTRY.

I am continually amazed that people let numbers on a piece of paper TELL THEM
that their life is over. WTF, is that credit card balance going to jump off the page and
physically strangle you? It's a freaking ABSTRACTION; it has NO corporeal form.

The West figured this out; just create money if you don't have it. Fuck "international
finance." ANYone can run a credit bubble or a fractional scam or invent debtmoney
out of thin air.
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The TRICK of the West and the banking Clan has been to convince people to REPAY
the fictional paper with real assets.

Imagine you are a goldsmith with NO gold. That's a major bank of today. NO assets.
Yet you can lend to infinity without regard to what YOU have. You get to invent
money in the form of debt obligations. Why should ANYONE take your notes
seriously? Why does anyone take the FRN seriously at this point? There's no
inherent, mandatory nexus to reality implicit therein.

So our "goldsmith" who actually doesn't smith gold and has none, makes loans that
the rubes in the village treat as having real worth. Then, for whatever reason, they
default bc the ponzi ends. You HONESTLY mean to tell me that people are SO
STUPID that they will GIVE this bankster all of their REAL property, their daughters,
their cattle, and whatever else the "loan" was collateralized with?!??! That's not
freaking "banking," that's outright FRAUD. You get a CONMAN who convinces
people to treat fictional paper as real then he ends up owning the entire village and
having everyone as a debt serf??

Lemme ask someone something: wtf is the BANK'S side of the loan collateralized
with?? They have no collateral, no reserves, no assets, a negative worth...yet they
continue to lend and demand interest

The banks lent "Greece" money the banks themselves never had via the innovation
of fractional reserve. So why should they pay it back at all? Everyone should be
asking themselves, if a goldsmith gives you a paper loan and he never had the
specie backing it, do you *really* owe his ass repayment?

The terms are "give us your islands" and you other national assets in exchange for
the fact that the fucking banks that kited the checks and invented the credit money
happen to be sited in OUR countries. Fuck you Germany, fuck you France, fuck you
United States, fuck you Goldman Sachs.
The top 1% do not have $100T in wealth or whatever the aggregate debts are for all
nations.

That's my point; the money that was lent never existed. There never was the
capital. It was leverage.
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The top 1% *borrowed* the money to lend, exploiting rate arbitrage. Trace the funds
back to their source, the banks. Only they have the power to create creditmoney like
this.

This is, in fact, the problem...the bottom 99% is insolvent, therefore the top 1%, who
are still ostensibly on the hook for their debts, are too.

Look at the banks...they were simultaneously OWED massive amounts yet still
insolvent somehow. If they were actually lending money/capital that they possessed,
there is no way they could have been insolvent. The point is that they borrowed and
levered in order to lend and THIS is what blew them up, the imbalance between debts
"owed" and the value of "assets" which were themselves chopped up slices of loans to
others.

Banks didn't just lend out their deposits then get run on. They themselves borrowed
massively from others to create leverage pyramids. All of these roads trace back to
the Fed as the bank of banks

I keep trying to get people to understand that these are just numbers on paper. The
money lent was never possessed; it was created. That is how we got price inflation
out of it.

It's how the MZM and other money metrics kept increasing; they kept creating money
via credit.

Yet we see banks ostensibly creditors who are themselves insolvent. Everyone lent to
everyone else money that they didn't possess and now they expect repayment.

And people are ready to go to war and have society actually collapse because of some
shit on an accounting ledger?

We need to stand up and collectively REPUDIATE this system. We can be like Bavarian
Producers in the Weimar era and say take your jew confetti back to where you came
from.

Real Bills Doctrine provides us a production-backed means of exchange, a real

currency, and makes banks what banks are supposed to be.

The banks should not tell us that we have to give them our firstborn because they lent
us money that the banker never had in the first place. Fuck that. There's no loss to
him except in his expectation of RENT.

If I pulled the shit the banks do, I would get arrested and jailed for counterfeiting and
fraud.

Nevermind the Fed or the other CBs. Look into the history of the BOE...they backed
out whatever initial capital they put up in that bank within an instant. Why? Because
they had "assets" in the form of sovereign loans, created by lending capital THEY
NEVER HAD. So, they backed out their REAL capital and left the loans on the books as
assets.

The banks are assetless; that is the big elephant in the room. The debt is backstopped
by bullshit and smoke and mirrors. It must be rejected, along with the entire CB
debtmoney FRN system. All of it.

This is actually what the Founders did and were about

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Contractual agreements? You mean Greek bonds?

What we have here are contracts between the government and bondholders to obtain
revenue by stealing from future Greeks. The bondholders are buying shares in slavery.

Why should Greek people respect such a "contract"

Why should they continue to use our dollars to trade with one another when the Fed is wildly creating
money out of thin air and rapidly devaluing the existing dollars that they are holding?

And why should they continue to lend us trillions of dollars at ultra-low interest rates that are way below
the real rate of inflation when the U.S. government is already drowning in debt and the money that
will be used to pay those debts back will be steadily losing value with each passing day?

The Federal Reserve is in very dangerous territory. If the Fed wants the current system to continue, it is
going to have to stop this reckless money printing at some point or else the rest of the world will
eventually decide to stop participating in it.

It's NOT more debt. It's MONETIZATION!!!

Can you pay down debt more easily with monetization?
YES WE CAN! (Gee, that sound's familiar.)
Just look at all the historical examples of currency devaluation.
Will you eventually get inflation with that? Correct. Will the middle class be worse off? Correct. Is
monetization generally good for the society in question? NO. Does it reward the irresponsible? YES.
BUT IT'S HERE, AND IT'S NOT GOING AWAY!

Exactly. And this was as true in late 2008 as it is now. We are fighting like demons to
try to keep "the sky from falling" when in fact all we are doing is pushing it up a little
higher for gravity to have more fun with on the way back down. Depressions suck, but
they suck harder and harder the higher they're pushed first.

"principal is an anachronism - It's not about paying anything back. It's about being able
to "service" your debt." Damn right, I wish I could take over $1million in monoply money
and lend it to my neighbor and get interest payments every month - I would not give a
shit about the principal 'cause I got it from my kid's Monoply game - just keep that
revenue stream coming in each month, I'm not GREEDY - screw the principal

I think that the Euro and the Greece crisis simply save our economy. Our economy
is mainly founded on exports ;). Without the PIIGS our currency would skyrocket
making our goods unaffordable to the rest of the world. Other countries like Japan
have to buy a lot of dollars to kepp their currency low. We get it for free and Greece
is paying nice spreads to our banks.