Tuesday, August 2, 2022
3770: How Inflation Plus Taxation Equals a Housing Bust from Lincoln County Watch
By Anna Von Reitz
A
hundred and fifty years ago people didn't use credit to buy things.
Transactions were "cash on the barrelhead". So, if you had a house, you
worked for it, earned it, and then lived in it. If you had children
you fell in love, got married, and supported the children
that resulted. If you had food, you or someone quite close to you,
raised it and brought it to market.
There was a simplicity and logic to everything.
You
didn't use someone else's money to buy your house and then pay them
back with interest, which is a practice that developed after the civil
war when "credit markets" opened up to "individuals"--- that is,
franchises of the government corporations.
Under
our Forefathers' simple cash-based system, the banks and merchants were
curtailed as to what they could sell you, because your own means
limited the size and number of sales they could expect. From
the perspective of the banks and merchants, "lack of credit" was seen
as an obstacle standing between them and profit that they could
otherwise make from selling stuff to you "on ticket".
Credit
at that time was something that governments and banks dealt in and as a
result, average people had very little contact with or understanding of
credit and the commercial paper underwriting it, but if you read any
version of Constitution, you will notice that the Federal Government
contractors are obligated to function on credit, while the States of the
Union are obligated to pay in silver or gold.
Their preoccupation with credit arises from their inability to function on anything else.
This
original arrangement threw a sop to the banks and merchants, and
stimulated the economy via government purchases on credit, but at the
same time, this system presumed that the members of our Congress would
be acting as Fiduciary Deputies bound by The Prudent Man Standard, which
would naturally keep government spending in check and make the members
of Congress accountable.
In
the system our Forefathers created, the government had the ability to
borrow money and "exercise the nation's credit" when needed, but the
people held the purse-strings and decided what the money was spent on
and how much was "extended" as credit for future repayment. As you can
see, the government was placed in the permanent role of a debtor,
because it could only operate on credit --- and the government's
creditors were always the people underwriting it.
Please
also note that the government raises funds from you via taxation,
service fees, and tariffs. It sells you services, and to a limited
degree sells you products (paper money and postage stamps and licenses,
for example) and so, was in the same position as the other merchants and
the banks. Your lack of credit and your pesky members of Congress
acting as Fiduciary Deputies limited their sales to you--- and that
limited their profits and spending, too.
By
the mid-1800's the then-Queen and her advisors hit upon a scheme of
"enfranchisement" which would vastly enrich the Queen and the amount of
collateral she had access to borrow against, and all without
Parliamentary oversight. All she had to do was create a corporation and
encourage the British people to buy into it as franchisees--- that is,
get them to enfranchise themselves (and their property) voluntarily, and
voila, she could borrow all she wanted based on their assets --- their
homes, their businesses, and their labor.
In
exchange, she would give them a vote as shareholders --- but their vote
wouldn't count for much. They could elect the members of Parliament,
as usual, but the Parliament would only control the budgeted portion of
the corporation receipts. The rest, the entire wealth of the nation and
the commonwealth, would be the Queen's to invest or not invest, in
whatever opportunities appealed to her.
Queen
Victoria used this "new arrangement" to fund the conquest and
subjugation of India. And the British Public, including quite a few
members of Parliament, were none the wiser.
What, you may ask, does this have to do with a housing bust 150 years later?
While
the Queen and her Finance Ministers were busy purloining private assets
to pay for their public debts and to finance a virulent new era of
"public investment" using private assets as collateral for credit
extended to the government --- mostly bypassing Parliament --- the
banks were busy introducing the victims of this con game to the concept
of buying on credit.
Even
though the victims of this scheme had unwittingly lost the ownership of
their land, bodies, homes, businesses, minds, and souls--- they still
had a portion of their labor and creativity that could be used as excess
earnings pledged to pay off additional debts for consumer goods. Soon
the banks were offering a dizzying array of "consumer loans" and there
were pawn shops, rent-to-own establishments, credit unions, insurance
agents, real estate agents, and debt collection agencies in every small
town.
Stop
a moment and think: less than a hundred years ago, these things didn't
exist in America, because consumer credit didn't exist.
As
you can see, the government had transformed itself into a commercial
corporation and begun operations as such using the people's assets as
collateral and all they gave the people in "equitable exchange" for
their "investment" was a vote that the people were already owed. All
the privately owned assets of millions of people were quietly
transferred to the Queen, including the value of the people's lives,
labor, and the products of their unions --- ownership of their
children.
This
modern day enslavement racket netted vast capital gains for the Queen
at the expense of her Subjects, and she invested this wealth in war and
expansion of the British Empire. When things got rocky and the banks
began to balk at extending the Government still more money based on the
same old assets, all she had to do was come up with more new Subjects
to voluntarily "invest" -- that is, enfranchise themselves as voters --
and provide her with more new collateral.
Britain's
enslavement funded India's enslavement which funded the enslavement of
America which funded the enslavement of the Middle East, the
Commonwealth, Japan, Indonesia, the Philippines, and finally, thanks to
the investments in war, the entire bulk of western Europe. This was all
based on collateral secretly purloined from people in Breach of Trust
and enforced via hypothecation of debt.
Soon,
all the governments in all the occupied and subjugated countries were
using the same mechanisms of "privatization" to enslave their people,
too.
At
a certain point, circa 2005, the banks that glutted themselves by
providing all this credit, got nervous and began feeling that they were
over-extended. They placed false claims of "abandonment" on the
remaining private money resources on deposit in their banks, and began
an active program of self-reinvestment in the stock markets and currency
markets to shore up the tottering mountain of so-called "public debt".
That is, they began buying their own stocks to make their stocks look valuable.
There's
just one little problem. There is no public debt by definition. The
people of this world continued to pay for everything they received, as
they received it. They simply weren't credited for their equal
contributions. As slaves they weren't owed credit for their labor and
goods, but as slavery is both unlawful and illegal, some accommodation
had to be made to paper-over this gross criminality.
So
"foreign estate accounts" were set up in our names in the form of
generation skipping trusts, but we conveniently never receive any of the
money or credit generated by these accounts. The receipts pass on to
our grandchildren, and in the meantime, form gigantic investment trusts
used as Slush Funds and Sinking Funds by the rats and for the rats
responsible for all this.
Sound
familiar? Is there any difference between Queen Victoria investing in
the conquest of India and Nancy Pelosi investing in the conquest of
Ukraine?
It's
your money, your assets, and your life being put at risk, but you
aren't getting anything out of it but the risks and taxes ---- never the
returns.
Lately
the banks are getting very restive. Like the General Public, they are
milling around like cattle in a feedlot. The feeble efforts of the
Federal Reserve to forestall inflation by hiking interest rates is doing
nothing but further stalling the world economy and as the market for
credit collapses, so does everything else.
Next,
in a further effort to control inflation, Joe Biden hires 87,000 new
IRS Agents to collect new draconian income and asset taxes from the
Municipal citizenry--- and everyone else they can "mistake" as
Municipal citizens of the United States. These vultures will be at your
doors, collecting for the Creditors of the US CORPORATION, and you
won't even realize that you are the Preferential Creditors of the US
CORPORATION.
All
the tax money they collect will be written off the books -- withdrawn
from circulation -- and that will help curb inflation by reducing the
amount of currency available in the marketplace, but don't forget, in
various places around the world, Mr. Obama's printing presses are
running night and day, counterfeiting "dollars" in your name. It's like
trying to mop up a flooding river.
You
will also notice that it's Good Ole Joe Q. Public paying the ticket for
all this "adjustment" -- whether via taxation or inflation, both things
amount to a form of taxation that you are being forced to pay. And in
the end, what predictably results? A housing bust.
As
the desperate government debtors and the banks supporting them grasp at
straws, they will try to take refuge in their favorite investment ----
war. If that doesn't work, or doesn't work fast enough to kill off
enough creditors, they will start evicting millions more people from
their homes and businesses to collect on debts that the victims owe to
themselves.
Unfortunately
for the victims of this fraud, their homes tend to be their largest
lifetime investment, and with millions more homes repossessed by the
banks to pay off government debt, the housing market will go bust at the
same time that millions of people are left homeless, and at the same
time that inflation and taxation and economic stagnation are combining
to impoverish everyone worldwide, leaving factories idle, and hundreds
of millions of people unemployed.
All
this insanity has been brought to you by Queen Victoria of England--- a
perfect storm fueled by odious debt and a grossly illegal British
Enslavement Racket.
There
is a simple answer: end the British Territorial U.S. Military (Raj)
occupation that has been used as the excuse to enforce Admiralty Law on
dry land throughout the world, write off the actual debt against the
actual credit, and discharge the Odious debts as they deserve.
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