Industrial Deception and Fractional Reserve Banking Misconception

For most of my career I worked in "Financial Services" (what an oxymoron that one is). Of course, what we we sold was in the interests of the financial system and the industrial revolution's elite. The idea that any significant percentage of The People could be made financially secure by investing in our current system was one of The Great Lies.

(Nearly) Everything, or every concept, in our financial system is either designed (if you tend toward conspiracy theories) or has evolved by phenomenon (my way of thinking) to enslave (most of) The People.

And now many people 50 and up have no "retirement savings".

The pension system is a perfect example: The beneficiaries of pensions extort that money from younger workers. Why else would pensions exist? If the older worker's production was such that it could support and sustain them for 20 or 30 years of idleness, their pay would reflect that fact and they would save that money for that time in their life. Anyone with even rudimentary math skills (but in America that is roughly 2% of the population) understands the certainty of this, and anyone with just a modicum of common sense can make the connection that government workers have enslaved non-government workers to fund the public employee pensions.

In my capacity as a Wall Street broker/salesmen I had a bird's eye view of the financial circumstances of the non-elite 1%. See, Billionaire's are not the 1%. The 1% are working stiff professionals with $350k plus incomes with a couple of million $$ net worths. And in my experience, I can think of very few that were not completely enslaved by their mortgages, car leases, property taxes, and insurance bills. Invariably they were one job loss, a divorce, an illness or injury away from penury - despite having lifetime earnings of $10 to $30 million-freaking-dollars.

There was no difference in the security level of these high earners and more pedestrian earners.

We were trained to dress well, use the right fork, put our napkins in our lap and request fresh pepper on our salad so that we might go forth and sell the 1% financial solutions to give them "financial security and peace of mind". In my 25 years I don't think I, or anybody else working in the industry, succeeded in giving our customers any such thing - and not that it was our fault. It was not. That's just the system.

The truth was that the "financial security" we were selling could not be had by anything that the vast majority could buy. In fact, security would lie in the direction of not buying. Not buying a house with high property taxes or an extra bathroom. Not buying a ski house. Not buying an expensive car. Not buying expensive jewelry/clothes/vacations. Not eating out. Not paying $20 for a martini.

People sold their freedom for the chachkas (link provided for the Yiddish challenged) mentioned above - The Great Chachka Enslavement.

While personal freedom is to be had with a modest house and an old car, or better yet - no car - the system cannot tolerate this, and hence the system cannot abide your personal freedom. Accordingly, it has evolved to enslave you for its own purposes:

The Industrial Deception and the Fractional Reserve Misconception.

The system needs you to be in debt, and it requires this for 2 very basic reasons: First, money is created in our system by being lent into existence - no lending = no money supply. (Since going off of the Gold standard World GDP has increased by 5 or 6 fold - and total debt has increased by 65 fold. Is there any wonder that Americans consume anti-depressants and anti-anxiety medications the way they do?) Second, the system needs you to work yourself to death. If you don't the 1% will not be able to enjoy those private jets, and today's elderly (but not you when you are old) will not have 25 years in idle retirement with nearly free healthcare and a monthly stipend coming in - far in excess to anything that they contributed to. (And people under 30 voted overwhelmingly for Obama? The younger generation either has rocks in its head or it is complete unable to run a few, short, and simple financial calculations... but they can text with both thumbs so they got that working for them.)

All of that money creation has had 2 entries (like everything else financial) on the Balance Sheet of Life. Your debt is somebody else's asset. Same with the government's debt. That huge deficit? You owe it and the 1% owns it.

Do you get that? The deficit has been run up in order to buy your vote through elections cycles over the past 40 years, only you didn't actually get anything for selling your vote. What you got was enslaved.

I am sure you are starting to see what I am asserting here: The government's debt has enslaved you. Your home and mortgage has enslaved you. Your car, your refrigerator, your dish washer, clothes washer, dryer, the toaster, the f***ing blender, et al, have conspired to enslave you. Your engagement ring. Your expensive wedding and even more expensive divorce... the grand sum of all of these inputs is that you are financially insecure, anxious, sleep deprived, and fat. Did I mention your family circumstances? Either you don't have kids, or you are raising kids in a broken home, or you resent your spouse for working so many hours to meet that mortgage and those car payments, and providing for you and the kids you do have - and in almost every circumstance you do not really have any money or any sort of financial security.

But you want your kids to go to college, get a "good job", and repeat this ferkakta process?

Is (formal) "education" the answer? It is for those with professional licenses (engineers, lawyers, physicians, dentists) and regulations that create barriers to entry.

(Take my favorite - fill and drill dentists. How long do you think it would take someone to become a "Dental Hygienist" in reality. A week? 2? How long before any relatively bright person could drill and fill a cavity? A few weeks, TOPS. Yet in 48 states a person cannot even open their own "Dental Hygienist" practice. They must be overseen by a "Doctor".

The result is over 100 million American's receiving absolutely no dental care because the Dental lobby has succeeded in complicating the subject in order to keep their incomes high. We urbanites look down our long noses at people with holes where teeth should be, and what is keeping those teeth from being there are the very people that claim to care about our dental health.

The U.S. Army will take a high school graduate and within 16 weeks he is a trained medic capable of all manner of field surgeries - emergency traches, spine stabilization, vents, wound care - with bullets and shrapnel flying around.... but it takes 12 years to train a guy to repair your torn ACL? 12 years??!! To do minor carpentry and elementary seamstress work?

Did I mention healthcare professionals kill more people than they save? After all, seat belts cause people to drive with less care. Want people to drive really, really safely? Put a dagger pointing at their chest on the steering wheel - in the aggregate you will save far more lives and prevent far more injuries, as sensible people would drive only when necessary and when they drove they would do it with great care. Wanna bet the same would be true in a deregulated healthcare environment? Making healthcare affordable is as easy as 1,2,3. Eliminate health insurance. Of course, the system does not want affordable healthcare any more than it wants affordable housing.)

But outside of professionals... do retail managers "need" a $200k education, and 4 years of not earning? Police officers?  Kindergarten teachers? Nope. But they are getting it - and they are getting it good. And hard.

And everybody is broke. Anxious. In debt. On medication. Fat.

It ain't a coincidence.

You can think for yourself. It takes courage and b@!!$ but you can think. And act.

I have a friend of mine, "C". "C" has no formal education past 8th grade. He went to work at 14, and saved every dime. He never drank or smoked. Never gambled. Never owned a car. Never wasted money on gold teeth or tattoos. By 20 he had enough money saved to buy some land, and enough experience to "G.C." the construction of his own house. Though he never had a steady "job" (he worked at odd jobs, construction, and farm work), he bought the land for cash with money he had saved by working the previous 6 years. He bought the building materials for cash, and he built himself a home. He was 23 when he and his wife finished the home and already had 2 children.

He is 55 now and has never been in debt. Although he has 11 children (and 45 grandchildren), "C" has a net worth in excess of $500,000 and his monthly need for cash is less than $2,000 because he lives in a rural setting with very low property taxes, he grows and raises most of his food, and he refuses to buy insurance of any kind. He did all of this while living his entire life off-grid.

No one in his family has ever been arrested; ever used drugs; ever took an anti-depressant. ever been divorced; ever died in a car accident or by violence.

Maybe you don't want to live like "C". You don't have to, but you can take instruction from people that have arranged their lives differently. "Steal" their good ideas, if you will.

"Doing the same thing over and over again and expecting different results is the definition of insanity" - Ben Franklin

American policy waged a war on poverty in the 20th century - and now has 1/6 of its citizens receiving food assistance from the government.

American policy was to keep the Oil flowing out of the Middle East/North Africa at all costs - and now its economy cannot function in the absence of 240 million automobiles and far flung suburban sprawl... all the while destroying the environment with those hunks of metal and obnoxious McMansions.

American policy was to recreate the European "Safety Nets" that have left all of us unsafe, insecure, and broke.

American policy was to make everything fair and now we have an entrenched and permanent underclass and an out and out WAR between the sexes.

American policy was to "educate" (indoctrinate?) our young people with college for all. So we credentialized "Play Ground Supervisor", "Massage Therapists", "Political Scientists" (SNICKER!!!!), and, my personal favorite, "Women's Studies Professors" HAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHALOLOLOLOLOLOLOLOLOLOLOL!!! Eh... Heh... Sorry. That got away from me), and now we have over $1 TRILLION in student debt that will never, ever be repaid.

There is a better way.