If you've ever wondered
why the world seems hopelessly fraught with endless conflict, ruled
corrupt states, and bent on developing a never-ending supply of
advanced weaponry, you'd need to understand the nature of our debt
government's are not at all concerned with paying off the debt
because they know the number has lost it's meaning in the face of
such cartoonish proportions.
But who do we owe, and who's doing all the borrowing?
In an article on this by Bloomberg, Andrew Mayeda lays the blame for such high numbers on an increase in private sector debt along with the fallout of the economic crisis of 2008.
What is not said here is the how the debt bubble actually works.
Currency today is created by private institutions who create as much money as banks and governments desire. This money is created out of thin air, literally by punching a few keys on a computer and sending tiny currents of electricity to a screen which displays whatever number the private corporation wants.
It is not backed by anything of value, yet these private institutions charge interest to governments and private sector borrowers.
For every dollar created and loaned, the magical money-lender demands that dollar back plus interest. Since the lender is demanding more than was created, it is mathematically impossible to ever pay off debt, because the interest simply just doesn't exist.
This system ensures that the human race will always be in debt, and this system is the new slavery, meaning that when we owe money in this fashion we are not free to use the full power of our labor and resources to improve our communities and infrastructure.
Instead, lending moves in the direction of the development of instability and weapons of war.
Any time the lender wishes to flex its muscle it can create instant economic hardships by calling in this and making it more difficult to borrow money to service the debt.
The modern-day debt system maintains a tragic dramatic tension in the world, and on a planet with such abundant resources, you have to wonder with a global debt number so high,
This is a legitimate question, asked by researcher Catherine Austin Fitts, who wonders that with such astronomical numbers, it is possible that planet earth engaged in some type of trade with extra-terrestrials.
Looking at global debt as a transaction between the planet and some other ET force makes a good bit of sense, as it definitely does not make sense for the human race to enslave itself to itself with such an insane system...