Karma Currency
it started as a way of living, and turned into something amazing.
11. Folk Lore of the Origins of Currency
Once upon a time...
A long time ago, there were colonies of England that inhabited what we now call the East Coast of the United States. These colonies were self sufficient and worked to support their own kind, but would export goods to England for the purpose of obtaining revenue we now refer to as GNP.
England taxed the goods on GNP, but would also tax the currency.
How do you tax currency, you might ask?
You lend it at interest.
---------English------------
Yes, you lend it at interest. You don't just give it away for free.
Now how on earth will they ever pay you back?
If all goods are only quantifiable in value by a denomination of currency which costs the currency holder interest to obtain, then there is no way to ever own the goods that the individual produces or sells, because of the interest attached to that value.
The interest became unsurmountable and the colonists revolted. They had enough of it. They had a call to arms, and everybody agreed. There would be no hope and no future if England owned the currency system. Secondary to that, England also was banning the manufacture and production of American currency, and this became the true fundamental reason for the War of Independence. It was about financial independence from England. That's what it was.
We now must fight a new War of Independence, because the Federal Reserve is the New Bank of England. Essentially they have established the exact same structure as the financial climate of the colonists prior to the War of Independence. The colonists discovered that they things that they were making- all of the clothing, fur, lumber, raw materials, and then ingenuitive weaponry and what have you, were all of higher value than the home country was paying. And they were getting screwed in the exchange. Well so are we.
In the 1970's, all of the children who inherited the great American manufacturing oligarchies decided independently that it was easier to sell the company to a foreign country than to continue operating it themselves. They didn't care. They had all the money in the world, and the interest kept piling in. Selling the company at a decent rate was a good way to "cash out" and take a vacation from their problems. They couldn't hand over the company to the most dedicated and qualified personnel because those individuals were below them in scale. So they scratched the whole thing.
And they shipped everything to China.
And then everything from China came back to us.. Except now it was cheap, flawed, but still resembled the old stuff. But there were problems with it. Little glitches in selection of materials and means of assembly. Things broke like crazy and were in constant need of replacement.
The Chinese didn't care. They now owned the American manufacturing industry. And the Americans were buying it from them back, in the goods that they produced. One day they were going to use the money that America owed to start a huge war. The war was going to be fought with spies and tampered goods at first. Then there would be bombs, and the West Coast of the United States was vulnerable.
It's going to happen. Soon.
But here's what we need to learn from this.