Buying paper. If you are like me, your first reaction was to visualize crates full of reams of paper. Then you shake your head and think, no – that doesn’t make sense. So then you think perhaps they are buying a newspaper. Nah – that doesn’t make sense. Then you visualize money… it is, after all, paper to some degree – and aha – yes, this makes sense. It ties in with banking and economics – so it makes sense. But does it? If it is money, why are they calling it paper? Why not just call it money?
Truthfully, money is not money anymore – it is merely paper. And this plan to buy commercial paper is one of the sneakiest, back-handed, cover-up schemes, wrapped up in a package with a pretty little bow that I have ever witnessed in my “awake” state of being. Are you awake? If not, you need to wake up – and fast. This is a call to action, folks! It is time to come out of your slumber and begin truly SEEING what is happening with our financial sytem. And yes, it is scary as hell… but not nearly as scary as what is coming our way.
Have you ever had the misfortune of cashing your checks at one of those “quick cash” places? If so – you know that it seems friendly on the outside and even friendly on the inside. How convenient that if you are short on funds, you can go borrow $500 until payday!! And the fee is fairly reasonable. BUT… read the very fine print and you will learn that if you don’t pay it back within the time allotted, they can take your first born child.
But sometimes, it may be necessary to do this. Times when you are broke and let’s say your car broke down and you need it towed or fixed right away so you can continue going to work and earning money. Although, what typically happens is you do this and you become caught in a web. Before you know it, you have to borrow for the next week, and the next week and the next week – and little by little you cannot get your bearings. It is worse than living paycheck to paycheck – now you are living loan to loan.
There are thousands of companies out there that were hit by the collapse and they cannot pay their bills. The banks are not giving out any loans because they are in over their heads and are put on hold to only SAFE borrowing practices. Loaning money to a business that can’t make their payroll, pay their utilities or appease their suppliers is a RISK they are not willing to take. And why can’t these companies pay their bills? Because THEIR customers aren’t able to pay THEM. Until the economy bounces back – no money is being exchanged. The solution? Print more money… aka “paper.”
So just like the struggling consumer who runs into a quick cash establishment to borrow until their paycheck comes in, the companies are runing to the fed and getting the “paper” they need to stay operational until their customers can pay them.
Sounds fine, doesn’t it? But remember what happens when you rob Peter to pay Paul… you will owe Peter. So let’s say you owe Paul $500 – but you don’t have it because Phil hasn’t paid you. So you go to Peter and borrow the $500 to pay Paul. Now Paul gets paid – and he has money to spend. He will most likely spend it in a way that benefits Phil, who in turn can pay you back the $500 he owes you.
Then Phil comes in and pays you the $500 and its all even, right? Wrong! Because remember, you BORROWED the paper from Peter – and it came with a price… interest. Now you have to pay back Peter WITH INTEREST. And worse, what is the penalty for late repayment? Taking your business? Taking your first born? Where does this money to cover the interest come from? Hmm… don’t have it. So guess what? Now you are going to have to borrow MORE money from Peter to cover the interest… that you owe to Peter in the first place!
Thus the cycle of living loan to loan is born. But this time it is the small-medium sized business that are caught. Those hard working individuals with the American dream – flushed down the toilet in a heartbeat.
This gets worse because there are severe consequences to putting this much “paper” into circulation. And thus far, no one has explained it better than my favorite quasi-journalist/health guru, Mike Adams. I highly recommend that you read this post, “Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?”
If you read my post, “So, what’s another $700 trillion?” you will see that I said it there, and I will say it again… history is simply repeating, and the sickening part is no one seems any wiser to it.
How much longer will you slumber?
xoxoxoxoxoxoxo
