by jupiters_release » Thu 17 Jul 2008, 18:05:16
$this->bbcode_second_pass_quote('Prince', 'E')conomic history in the USA works like this:
1. Print a lot of money.
2. Loan 10x money created in (1) to institutions and individuals.
3. Artificially inflate the economy with paper wealth created in (2).
4. Go through minor recession to dampen the superficiality of (3).
5. Goto (1) and repeat.
This pattern (Ponzi scheme, really) is stretched thin and is in its dying days.
You forgot:
1. Privatize authority to create all money by forgoing constitution.
2. Allow one corporation to create all money principally from nothing then allow other corporations to create more money fractionally from the original nothing.
3. Principal Money Corporation loans all money to government and charges interest on every dollar lent into existence.
4. Create an agency to collect income taxes on behalf of gov to service interest payments due to Principal Money Corporation.
5. When public accumulates enough property despite heavy tithing, bust economy to privatize such public gains.
6. Principal Money Corporation establishes mitigation policies for post peak oil economy.