Down that road............RFID $$$

Discussion in 'Politics' started by Halfway, Nov 28, 2009.

  1. Halfway

    Halfway Grunt

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    Pulled from parts elsewhere.............

    Under our fractional reserve system the money supply is equal to debt. To increase money in the system more debt has to be issued. To allow for interest to be paid on the debt (back to the bankers), the debt issued every year has to be equal to the principle issued plus interest, otherwise the system will be short the interest portion to pay the debt. So the Fed has a target of say 3% money growth to cover the interest portion.

    The average bank uses 11 to 1 leverage (for discussion sake). For every 1 million in equity they can loan out 11 million in deposits. A 10% decline in their portfolio’s results in a 110% (11 X .10 = %110) decline in their equity. Most banks require money down for a loan or the borrower to have “skin” in the game so small decreases in collateral value aren’t ruinous to the bank; but when that margin is exceeded, like is currently the case with most housing loans and commercial real estate, then banks have to raise equity to compensate or reduce loans, or both.

    Most, if not all, banks are bankrupt in the U.S. and probably abroad as well. Through accounting rule changes and more liberal enforcement policies, the appearance of a healthy banking system is foisted upon society by the government and the media. This policy does buy time for things to heal, but if they don’t, and they aren’t it appears this time (see money growth statistics), then the risk of system collapse is imminent.

    If the above is true, which it is, then how does the Fed (which is a private entity by the way) and the US government counter the imminent collapse of the fractional reserve banking system that will occur in the next couple years? My opinion is that there are only two moves left if we are to maintain this banking system: 1) nationalize the banks and remove the fear of collapse from the people, and 2) remove hard currency from the money supply and force it into electronic “credits” which must be stored at a participating US bank to transact business on the “Fed” system.

    I hypothesize nationalization will happen first and removal of the hard currency second. Down the road (but soon) we’ll go from smart cards to embedded chips or bar codes embedded or affixed on our bodies. Eventually you won’t be able to buy or sell without being on this system and it will spread worldwide. The governments will treat like criminals those that setup bartering in goods or try to work outside the system.
     
  2. Expeditioner

    Expeditioner Well-Known Member

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    I believe the a civil war would breakout before this happened. :dunno:
     

  3. almac

    almac Active Member

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    i suspect a jewelry style RFID armband or watch will come before implantation. just the next step in "securing us". Hell pets are being implanted in canada already(optional). they also have optional devices so parents can keep an eye on their kids... like trackable GPS cellphones...
    i can just see it now... the gov will offer free gucci watches, and the public will line up for them.:(
     
  4. Halfway

    Halfway Grunt

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    You need the masses to be screaming for this as a solution and those opposed labled as terrorists. Nothing too "imposing". Frog in a pot.
     
  5. TheHammer

    TheHammer Member

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    great discussion.

    another terror attack and the sheep will line up for it in the name of protecting us.