Circuit City & General Motors Failing.... Watch "Money As Debt"

As Circuit City filed for bankruptcy protection (11/10/08 -AP), and General Motors is moving towards bankruptcy (shares fell 30% today, 11/10), it's important we understand the cause of the economic failure we are seeing today.

Thanks to our government's policies of given fractional reserve lending powers to banks (they can loan out many times more money they don't have), and enforcing their debts, and enforcing their currency as debt - not real assets - we have put ourselves in a situation that will inevitably burst. Our economy today is not sustainable; it relies on exponential growth and exponential debt. If all debts were paid off, we would have no real assets as a nation!

IF EVERY INSTITUTION AND INDIVIDUAL IN AMERICA PAID OFF ALL THEIR DEBT - There would also be ABSOLUTELY NO MONEY LEFT IN CICULATION!!!

If we don't change the system, eventually the banks of the world will own all the world's real property, assets, and wealth and the people of the world will own nothing and just be slaves perpetually working for the bankers!

Is there an easy solution? Well, it won't be easy, but it sure is simple. Watch this admittedly semi-corny yet highly educational cartoon video (47 mins long) that illustrates the problems of "Money As Debt" and the solutions that need to be implemented. Only Ron Paul was talking about this by the way... he predicted this collapse by the way.



"The refusal of King George III to allow the colonies to operate an honest colonial money system, which freed the ordinary man from the clutches of the money manipulators, was the primary cause of the revolution. The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction."
-Benjamin Franklin, founding father

SHUT DOWN THE FEDERAL RESERVE.
R.I.P. JOHN F. KENNEDY, ASSASSIGNATED SIX DAYS AFTER ATTEMPTING TO ABOLISH THE FED with executive order 11110, which newly defaulted president LBJ overturned.

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence