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I believe it was Damon Vrabel who first came up with the analogy of a casino that lent its chips to its players to better show how the house always wins in a Debt Money Tyranny scenario. I would like to build upon his original idea because I think it is an excellent analogy worthy of further exploration.
Imagine a casino where the chips are lent into existence and then accrue interest. Let’s assume 5% interest per hour, just to get things going. To make this simple, let’s assume that chips are electronically controlled on a chip card – the interest is automatically debited on the hour.
Debit Card Current Value: $1000 in debt chip credit
That means that someone who put $1000 in their chip card would only have $950 left after spending an hour at the buffet. If they played even over the next 4 hours, which is above average at a casino (somebody has to pay for the big building!), our Casino Debt patron would have $774.78 on their debit card ($1000 x 0.95^5).
Debit Card Current Value: $774.78 in debt chip credit
Our happy go lucky Casino Debt patron isn’t very happy at this point. He looks around and sees pictures of $5,000, $10,000, $20000 winners adorn the walls. Everything he sees indicates he can win in Casino Debt, but he’s not feeling “the vibe,” as it were.
Unfortunately, our Casino Debt patron was never taught how Casino Debt math works to asset strip the patrons of Casino Debt and systematically convey their wealth to the Casino Owners.
He remembers reading in the local newspaper that the Casino Debt economists say that all is well – after all, one person’s debt is another person’s asset. What could go wrong? It all evens out in the end, right?
The Casino Debt economists are too busy spending their Casino Debt bonus checks, playing their Casino Debt comp cards and hanging out at the pool, for free, of course, to think any more in depth. Or, if they actually know how the system works to convey wealth from the people to their employer, to spill the beans.
Even though our Casino Debt patron didn’t understand the mathematical equation at work on his debt chip debit card because he was never taught it at his Casino Debt funded school, he still knew he was getting shorted even if he didn’t know how. So he cashed in his chips, took his cash and went on his way. Unfortunately, he waited another hour to cash out so he left with only $735.09 out of his original $1,000 dollars.
Debit Card Current Value: $735.09 debt chip credit
He played the Casino Debt even and still walked away with 26.5% less monetary wealth.
This is a “good deal” (think Al Gore, Ross Perot, CNN and NAFTA) for Casino Debt. In fact, it is such a good deal that they soon found themselves rolling in so much money that they had to find new ways to invest it. These investments included initiatives to:
Of course, all these difference Casino Debt owned and operated businesses will have different names so that the people won’t be able to figure out they all ultimately report to the Casino Debt Owner class.
Do you think the magnetic media personalities who work for Casino Debt TV stations will rat out their employer to the people? It’s a good thing for them that the media has no legal obligation to tell the truth!
It would be really awful if this form of Casino Debt Tyranny, societal asset stripping system was enforced at a nationwide level and everyone was forced, at gunpoint and with the threat of incarceration, to participate in the system, wouldn’t it?
Guess what? The only difference between Casino Debt Tyranny and the Federal Reserve’s Debt Dollar Tyranny System and, by extension, all Debt Money Tyranny systems, is the terms of the loan. Instead of 5% per hour, it is 5% per year and the Federal Reserve System is able to continually inflate the debt chip debit card values up until debt saturation hits.
Did anyone else hear the private sector debt saturation bell ring in 2007 when NINJAs (No Income, No Job, No Assets – an industry term representing criminal fraud, mind you) were able to finance $500k homes? If not, “ding, ding, ding” – better late than never.
Now the real version of Casino Debt, Debt Money Tyranny is taking the public sector to the point of debt saturation spending federal taxpayers into marginal debt of about $18,000 per year – and that only includes the upfront debt they choose to reveal to the public.
Debt saturation has been plaguing the Third World for decades upon decades. Debt saturation is now hitting Europe in general and Greece in particular. Private debt saturation in America hit in 2007 and now public debt saturation grows closer by the day.
Debt Money Tyranny is a fraudulent system. The “creatures” of the system (media, education, political economists, religious, etc…) will not fix the system itself – that’s why the system promotes these particular “creatures.”
The solution is the people – get educated and then get active. End debt based money everywhere. Stop supporting Big Finance Capital (BFC), the architects and controllers of Debt Money Tyranny and their mega front corporations. Spend your cash locally, avoid using credit cards (up to 3% goes to BFC and leaves your local community). Don’t take on any more debt and shed debt as quickly as possible. Share your knowledge. Get active.
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