Let's Play Monopoly!
Let’s Play Monopoly
You remember the board game Monopoly … well let’s play a game. However, I want to make a few little changes so that you can begin to see how The Federal Reserve plays the game.
There will be four players to begin the game and each player gets $10,000 from the bank (Federal Reserve). It’s not free money … each time you pass “Go” (equivalent to one year) you owe 3% interest on the $10,000 you started with. Each player proceeds around the board, buys property, builds houses or hotels, makes trades, plus pays and collects rent.
As each player passes “Go” they must pay 3% interest on their original $10k ($300 in interest each). With four players that amounts to $1200 total interest for each circuit. So each time all four players circle the board the original $40k is reduced by another $1200. It doesn’t take a great genius to realize that after the group of four players has circled the board 34 times … there will be none of the original $40k cash left.
I know what you’re thinking. During each circuit of the board the players are buying/selling/trading/paying and collecting rent. But none of those activities produces new money … those activities only redistributes the money that already exists, nothing more.
But the situation gets worse from there. Even though there is no actual cash left in the game … the original $10k at 3% interest (per player) still stands … and the interest continues to accrue.
Don’t worry … the head of the bank (Federal Reserve) says you can never default on your debt in our little game of Monopoly, because he’ll just print more money! So he loans each player another $10k and now each circuit of the board costs $600 in interest. But, you don’t have the original $10k any more … so the $600 comes out of the 2nd installment of $10k you borrowed. Now it only takes 17 trips around the board before you’re out of money again. So what now? Print more money? I think you can see where this is going … there will come a time when no matter how much money is printed it won’t be enough.
So next … the bank says to each player … “Maybe you have no money to pay your loan but you own property! Give that property to the bank … and you can work off the rest!” (It’s called economic slavery)
I’ll not do this research for you. Do a little digging on your own for the following points.
Issue #1: The real Federal Reserve is a private corporation owned by the Banksters and is not an agency of our federal government.
Issue #2: Even though the federal government is empowered to coin its own currency (which would be interest free) … the Federal Reserve has been granted that power. For each and every dollar “printed” … the federal government has agreed to pay interest (in other words they agreed that you, as a citizen, would be responsible for the debt).
Issue #3: The money “printed” by the Federal Reserve is what is called “fiat” money … which means it is printed out of thin air (having no actual value of its own). Even worse … most of this “thin air” money is never even actually printed … it is simply an entry on a ledger somewhere. Yet we still owe interest on it (ahhhh … life’s many mysteries!)
Issue #4: This could never have happened had our people in Washington not voted and approved it. (Kind of makes you wonder whose side they’re on, doesn’t it?)
Issue #5: Are you aware that most of the money collected by the IRS for income tax goes to pay the federal debt … and very little, if any, goes to operate the government?
Issue #6: Essentially this example creates money in exactly the same way as the Federal Reserve creates money. In the case of the Federal Reserve each dollar it creates (printed or digital) is sold to the government at face value … creating a note (or loan). Since the government doesn’t actually pay for the money (like, in gold or other solid assets) it becomes a debt (of the people’s) and accrues interest. Literally speaking every dollar in circulation today is a debt owed to the Federal Reserve … including all of its accruing interest. Now you know how we got into so much trouble!
I just thought you might like to know what our people in Washington are up to.