factbat.com

The Obama job creation plan merely extends the bubble and creates more ballooning debt financed by profiteers re-using moneys they do not actually have.

The reason this nation is in the mess it is in is because it expects to incessantly live beyond its means, and thus much of the profit generated in the nation is actually nothing more than leveraged debt. Whether not it is toxic debt is really just a semantic relativity.

Debt creation as a means of growth is ridiculous in any market, and those who are the largest purveyors of this mechanism are not much more than glorified embezzlers. And they often lose on the investments and therefore so does those who’s money they are using to gamble with.

Extending credit in the midst of a market that is receding and at the same time still expanding the bubble of overpriced real estate with low interest rates and almost the identical strategy of “sub-prime” which is ripe with fraud, will only hide the cracks of this unsound structure.

This strategy has the earmarks of a path to a full blown depression. The dollar is weakening and will completely implode if those who hold them in reserve decide to start dumping them.

Now Obama expects to balloon the national debt irresponsibly and further the strategies which have gotten this country in the mess it is in. In his many proposals that underlying pitch is still "tax and spend."

The soft market can only hold the dollar up for so long. Eventually the reactive economy will send shockwaves of the Federal Reserves money creation policies all the way round the world, thus weakening all fiat currencies because they are tied to the dollar.

This is why Obama is extending the wars. It is America’s military prowess which has allowed this nation to remain highly competitive in the world economy. If it were a level playing field then bankers would be required to reduce their incomes or go out of business.

Without military might, this nation could no longer proliferate in the drug trade. Furthermore, it would not be able to use the long dusty excuse of “national security” as an excuse to engage in criminal activities, and hide them under the guise of national secrets.

Moreover, it appears that Obama is merely playing possum on the whole Obamacare issue. He wants to overhaul the system, and his intentions are far from honorable. He is just following orders from a cadre that takes its orders from the Hillary Clinton gang.

It is no wonder she has been ominously silent on much of the issue, she cannot be seen to be a major player after her “Hillary Care” debacle. But be certain that she is right in the thick of it, and has designs on manipulating the youth of this nation for the gain of full-spectrum dominance by an authoritarian government.

Hopefully not one American Voter has forgotten her call for the implementation of a Public Service Academy with the sole purpose of educating citizens on how to conform to the government model proposed.

This is patently opposed to American ideals, and is unconstitutional. The woman would require supervision as a grade school janitor, and this nation did not elect her…Obama APPOINTED her. Just as he and many other presidents have done to further the aims of those voters rejected.

Obama claims to be concerned about the small businesses of America. However, everything he has done to date seeks to push them further into debt amid failing markets that will afford them little of the actual competition they need to survive.

Time is not permitting, thus this article must end here. More later from the factbat.

A company being lauded and endorsed by celebrities - what a novel approach - is once again selling a bottle of snake-oil claiming to do for people what they are entirely capable of doing for themselves, but merely refuse to.

The product, called Sensa, offers people a sprinkle of what the company calls “tastants” (of all things) and they are to be added to food selections in an effort to trick the body into curbing the natural desire to eat.

What is amazing is that these crystals are nothing but maltodextrin (typically containing MSG) which is basically polysaccharides, or better known as sugar, tricalcium phosphate (dairy derivative which can affect the permeability of cells leading to allergies), silica, carmine (an acid produce by scale insects to deter predators), FC&C yellow #5, and natural and artificial flavors.

Considering the use of tricalcium phosphate and maltodextrin in their product, the claims that it contains no dairy or MSG are false. Furthermore, the term "natural flavors" is a broad-spectrum diversion which typically avoids listing specific ingredients health conscious consumers will avoid. Such as MSG, sugar, etc.

Silica is just sand, or more specifically, quartz. And it is used as an anti-caking agent for the convenience of packaging and selling products that would not appeal to people otherwise, and rightly so because the products they are typically used in are barely edible. Silica is also used in a colloidal form (finely particulated into a liquid at about 10 to 100 parts per million) as a fining agent in various fermented beverages such as wine and beer. It is widely claimed that the particles are all removed with the organic matter they attach to. However, all one needs to do is freeze various alcoholic beverages to get these sediments to reform. Champagne is a classic example.

To be clear; people should not be eating quarts crystals since they are essentially what glass is made of.

The product Sensa follows the premise that it is one’s addiction to tastes and smells which cause one to overeat and thus the only solution is to satisfy this allegedly uncontrollable urge with chemicals that supposedly satisfy the body without increasing calorie intake.

Unfortunately this worsens the problem by selling people a product that legitimizes merely ignoring the real instigator of obesity, which is poor diet.

There are a great many reasons why people in this society abuse food, and none of them are addressed or abrogated by this product. Furthermore, this is just one more irresponsible single-dimension cure-all which seeks to take advantage of a national health crisis, essentially exacerbating the obesity epidemic in America.

These products are touted and sold by people such as Oprah Winfrey who nerself then spent over 5 million dollars in order to lose weight so that she can keep fleecing the population and selling her snake oil.

Except she still cannot lose the weight. Why? Because she is so busy wasting all of her time ripping people off and selling her delusional advice to millions of gullible Americans. She won’t even take the time to do some research, or actually spend some time on her character so that she understands that it is less about self control than it is about just being honest.

But then, if she were honest she would not be nearly as rich, pathological, self-centered (regardless of her actions, they are fake and sociopathic), perverted, popular (because she placates people with patronizing mendacity)…or, of course, FAT.

These people need to be exposed for exactly what they are. Criminally insane and abusive sociopaths who will lie, cheat, steal and yes, even kill, to get what they want.

The fact is that while knowledge is certainly powerful, it is not very profitable, because once people possess the actual knowledge which allows them to help themselves, then they no longer ignorantly come running to these miscreant profiteers for their sadistic advice.

An article from the Associated Press, found on the Yahoo News website, reports on the personal activities of some of the United States' most honorable and upstanding citizens who are engaging the subject of religious freedom in a way many religious followers rarely consider. Giving Earth-centered beliefs an equal voice in the debate.

In a most honorable display of true American ideals, officials at the United States Air Force Academy in Colorado have stepped up to the plate swinging a solid granite “liberty bat” of logic, with the intent of knocking the scorching curve-pitch of religious ambiguity and intolerance out of the park, in the interest of true freedom.

The Denver academy has designated an outdoor site, on a nearby hilltop, as the official place of worship where those of Pagan, Wicca, Druid, and Earth-centered beliefs can congregate. The group previously held gatherings indoors, however, the atmosphere was not as conducive to the principle tenets of their belief structure, which is one that finds critical elements of discovery in a symbiotic connection with the Earth and nature.

“Being with nature and connecting with it is kind of the whole point,” say’s Tech. Sgt. Brandon Longcrier, who sponsors the group and describes himself as a Pagan. “It will dramatically improve that atmosphere, the mindset and the actual connection.”

The site is an arrangement of stones in two concentric circles, and the structural design, in this authors eyes, conforms auspiciously with the true tradition of Pagan beliefs, and symbolizes the cyclic nature of the Universe and the hierarchy of complimentary dualities which rule it. The factbat website, and its author, could not be more pleased with this development, and effusively applauds these exemplary efforts by the academy and its staff.

In the article Lt. Col. William Zeigler, one of the academy’s chaplains, said designation of the space is part of the school’s effort to foster religious tolerance and to defend the constitutional guarantee of religious freedom. He is quoted as saying “It’s about our commitment as airmen to protect freedom and defend freedom. To me this is a freedom thing.”

The academy also provides facilities where Protestant and Catholic Christians, Jews, Muslims and Buddhists can gather for fellowship and worship.

In 2004, after a survey found many cadets had been exposed to religious slurs and jokes, and that some non-religious cadets felt ostracized, the academy superintendent, Lt. Gen. Michael Gould, decided to make religious tolerance a priority.

Longcrier explains that “Earth-centered” spirituality encompasses many beliefs, many that recognize multiple gods and goddesses and observe holidays tied to the seasons. He personally doesn’t consider gods and goddesses to be actual beings but the personifications of natural events that human ancestors wanted to put a face on. “The symbolism is very important,” he say’s.

Longcrier, an obvious academic who appears to wisely prioritize the realms of logic and faith, oversees laboratories in the academy’s astronautics labs, and has a military designation as a “distinct faith group leader.”

This development could not be more critical as much of the world languishes in mediocrity amid the confusing web of monotheistic belief structures which have convinced so many that supremacy is necessary for survival, or that imposition is a vehicle for one’s will.

The new worship sight is considered by the academy to be a legitimate religious structure, and a formal dedication ceremony is planned for March 2010.

A new day of accountability is dawning as the dark clouds of fanatical amorphism seek shelter, gathering along the opposite horizon, lost and balkanized.

The light of indefatigable realism and “equanimity with the Universe” is beginning to shine across the expanse of this world’s many turbid and sanguine eras of religious supremacy, piercing to the brutal heart of tyranny with the - much maligned and oppressed - interminable beam of pagan logic.

This is a logic which religious leaders have sought to subvert and destroy for over 5,000 years, but which has survived intact throughout the ages as all true Universal wisdom shall.

The many astonishing accomplishments of the ancient ancestral peoples of this Earth have been stolen, all of them, by religious groups intent on manipulation of the facts in order to facilitate an acceptable, but illusory, indoctrination of the populous with aberrant logic and insensible claims. Claims of wisdom which were meant to mimic the ancients’ discoveries for the purpose of control under the rule of a central power. This doctrine, displayed in various dogmas, is widely known today by the general term “monotheism.”

Nearly all of the religious groups which purport that this world and its inhabitants are merely the playthings of an omnipotent and all powerful creator being, have engaged in extremely brutal and deceptive mechanisms which sought to pilfer the knowledge of the ancients - which they then claimed were nothing more than “barbarians” - for the sole purpose of subverting the logic of events, and claiming they were acts of their god.

However, the true barbarians are those who stole the astonishing wisdom of these ancient societies and then claimed it was there own, employing smoke and mirrors and slight of hand, like social-magicians, in order to fool the masses into terrified submission. Furthermore, the facade found much resistance, thus terror became the chosen vehicle of conversion.

 It is no difficult task to recognize the many errors in the logic of the Greek philosophers who obviously stole their professed prowess of analysis.

Many Greeks robbed the entire world of the wisdom that the Egyptians so tenaciously attempted to pass on to the coming generations. And they did this by plagiarizing the wealth of knowledge they found in Alexandria.

Greek politicians and international republican envoys to ancient Egypt used translators to obtrude Egyptian teachings in such a way that, in Greek, these teachings were made to appear as if they were those of Greek Philosophers.

What is most egregious in these acts is that they allowed inordinate levels of respect and adulation to be bestowed upon persons who deserved nothing of the kind. Thus the erroneous doctrines that morphed out of this deception have been ignorantly revered as heroic wisdom for eons.

The fact is that much of the Greek philosophy is little more than sophistry. However, it was pervasively employed as a construct for modern day societies.

Much of this "peudo-logic" of ancient Greece is merely 5 percent false notions disguised as inspiration by the 95 percent of factual Egyptian pagan analysis used, and thus their teachings have led humanity on corrosive paths - just slightly off course - which, thousands of years later, has produced a society which is actually traveling in the opposite direction from true logic.

To understand this concept and the critical analogy of “incremental time variance” which allowed this anomaly to proliferate, one must first realize that time is merely degrees of distance. This exposes the nature of direction with respect to progression.

If there is a slight change in course, this being a cyclic Universe, the course change will eventually point one in the opposite direction.

However, the same course will not ultimately produce a “full circle” effect that will once again land one on the proper path, due to the fact that time is constant and thus space is a finite variable. Furthermore, even a sideways motion is either inherently backwards or forwards. But I digress.

This is also why small sober changes can effect large reform. If one is to change their course by 5 degrees, then over time their course will begin to increase in distance from the initial vector in time.

For example, a 5 degree change in course, held on that alternate course over a 5 year period, will alter one’s location by a sum of the combined effects of time and movement to an aberrance of approximately 15 degrees.

This means that a steady course of a small 5 degree change from the initial direction, will, at the end of five years, produce an actual variance of 20 degrees from the initial vector in time (which is cannot truly be termed a starting point since time is constant).

Therefore, this illuminates the reality that merely 6 small changes in one’s course can allow them to proceed in the opposite direction with very little effort, providing the change posses the variable "true-proof-logic" which is what enables employment of the quantum "time."

Unfortunately, humanity’s forced lack of wisdom - this true-proof-logic - has created inordinate levels of ignorant obsequiousness, and led to implementation of variances so benign they are cataclysmic.

Basically, when the course is off by an almost indiscernable degree, the time space variant of this corruption is hidden in such a way that the course can become a spiraling circle into utter depravity before the error is located and corrected. Furthermore, some space-time errors can create structures grow to astounding proportions and then completely collapse, since the structure is sound until it finally hits the tipping point.

To put it most simply, the saying should actually be “You can hide, but you can’t run,” going to expound the concept “and will eventually be exposed.” Moreover, this does much to prove that the prevailing conspiracy is ignorance.

If the millions of people presently clasping to the many illogical sayings and beliefs passed on over the generations were to actually be educated on just what it is they are using as “words to live by,” they would change their course rather quickly, and in a multidirectional mental mass-exodus from the current delusional status quo.

Of course, those of oligarchic and plutocracic classes who have an inordinate fear of the common people and the corporeal world turning around us all, will claim in exasperation that this enlightenment of the “vassals” will cast all humanity into utter darkness.

However, such enlightenment will merely knock those terrified, domineering, miscreant profiteers off their pedestal of self-appointed sovereignty, and enable the world to disabuse themselves of the feelings of shame and denial so often preached at them from the many blazing bully-pulpits these despots have so long illegitimately inhabited.

Some fine day all the Universe shall once again rejoice in blessed relations with its salient heritage so long set wandering - as Paganism finally returns to its rightful place in the hearts and minds of the peoples of this world.

To LIFE, LIBERTY and the pursuit of all things BEAUTIFUL.

So just what does it mean for the nation to legalize same-sex marriage, and what are the consequences? Wile many may claim they know, it is likely that few - in this politically-correct and penitent society - are even able to place it in a context complimentary enough to the process of objective analysis for them to then attempt to engage the critically elemental portions of the argument.

The issues are indelibly complex and interminably pervasive. Thus a myriad fiasco’s will ensue in what will prove to be a long and arduous debate. This will certainly put the moral reserves of this nation to the ultimate test.

An article in the Bay Area Reporter quotes an expert witnesses in the court case debating the constitutionality of proposition 8 (the bill banning same-sex marriage in California) as admitting under oath that he wrote in a book that “legalizing same-sex marriage would, in effect, strengthen America.” Which is a remarkable statement considering this was a witness for the defense supporting the bill.

However, regardless of why the witness, professor Kenneth Miller, made the analogy in his book, his is a rather disturbing position for any individual to take, and certainly is a preposterous notion to propose introducing as a legitimate general consensus.

The consistent rise in HIV cases among young homosexual males in the nation should be enough to discourage consigning to such a belief, especially when considering the levels of education and prevention that are readily available to a populous which has been conscious of the disease since the late 1970’s.

In an unrelated article in the Reporter, executive director for San Francisco’s Asian and Pacific Islanders (API) Wellness Center, Lance Toma speaks of recent cuts to funding which have forced API to scale back operations aimed at providing services to homosexuals infected with HIV/AIDS. In an email Toma wrote that the reduction in funding (cut by $350,000 annually) “reflects how Asian and Pacific Islander communities are not being prioritized.” Stating further “HIV infections are rising in our communities and we continue to fall through the cracks.”

The CDC (Centers for Disease Control and Prevention) reported that the largest proportional increase in the number of HIV/AIDS diagnoses from 2001 to 2006 among men who have sex with men in 33 states was among Asian and Pacific Islander ages 13-24. Their numbers more than doubled. However, this does not necessarily reflect the true magnitude of this national Health Care Crisis since states such as California, with high concentrations of homosexuals, was not one of the states included in the study.

What is significant to the equation is that homosexual behaviors are divest of the natural checks and balances which exist among traditional heterosexual relations and thus are at greater risk for creating epidemic levels of many dysfunctional and debilitating social maladies.

Whether these maladies manifest in communicable diseases, perverse tendencies, indiscriminate contact (such as sex in public restrooms) or inordinate conviviality’s, the effects to the overall societal health are the same in that this environment does not respond to the natural expectations of the human mind. The analogy that an alienating and divisive deviant behavior such as homosexuality will strengthen any society is certainly questionable.

Furthermore, much of the actions of homosexual males appears to be more of a knee-jerk reaction to the emancipation and social rise of women in America. Not too far removed are the days when there existed a significant air of animosity toward females in the society, and abrogation of the denial of their right to express themselves has likely met a particular male resistance that is not readily metabolized by a corporeally identifiable thalamus and brain which have been subsisting on full-spectrum-dominance for millennia.

While one could claim that homosexual males appear far too ingratiating toward females for this to be of significant concern, it certainly cannot be overlooked. Moreover, the fact that many homosexual males incessantly endeavor to dress like, act like and even become physically modified to be like females is a classic behavior of obsequiousness in an attempt to compensate for one’s indefensible, and often interminable, angst.

This analogy is further legitimized by the opposite but similar behaviors of homosexual females of which the majority opt for the “butch” image. This is more of a gender bias exposition than most likely realize, and certainly illuminates the identifier of personal animosity which exists among many homosexuals who, at the same time, contend that they were “born gay.”

The propensities for mental illness created within the environment of contemporary America, and its near past, so full of human rights abuses, are significant to say the least. Multi-faceted is a word that keeps coming to mind.

While many of these modern maladies of social neurosis may merely be manifestations of sympathetic dissociation, there is a co-committal “denial of the self” elicited in this realm which is not without its drawbacks. It is widely known in the law enforcement community that "crimes of passion" among homosexuals are demonstrably more visceral and brutal than are those among heterosexuals. Furthermore, this trend is likely to burgeon among matrimonially empowered, but typically just institutionalized, gay communities.

An increase in fratricide can be seen to correlate with the increase of matrimonial unions expected to weather the growing storm of salacious exploits now so common in America. In conjunction with this analysis is the proliferation of school massacres perpetrated by fellow students who all appear to be incorporating essentially the same common denominator; a disconnection from reality, as well as the current atmosphere of intolerance which demands one cannot voice their disapproval of others for fear of being labeled anti-Semitic, racist, homo-phobe or the proverbial "boat rocker."

This is why so many of the most heinous and confounding crimes of massacre and passion are being perpetrated by that "quiet guy" nobody ever suspected. Never-the-less, the illegitimate abuse of those who have the courage to misbehave and speak their mind as example for, and defender of, those who do not, or merely feel they do not, have a voice of their own, continues...but I digress.

Regardless of the nature of the dissociation, and its expectant fantasies meant to appease the longing for escape so many in today’s society reach for, reality will always pierce this turbidity with remorseless indifference and none are protected from its exemplary indemnifications of the nature of this Universe.

This is a Universe ruled by trillions upon trillions of dichotomies which are each and every one of them interminably complimentary…save one; the duality of “true” and “false” which are always opposing forces - destructive to one another - and never the twain shall meet.

Demanding legalized same-sex marriage is likened to hobbling a horse in order to prevent its escape. While the equine beast may be there in the morning, the act of having neglected to simply employ the use of a bridal and reigns means that now many of the tools which are critical for development of the intended goal, must be left behind.

Expecting to mitigate the consternation elicited from tenaciously honorable and moral people - by the sight of openly homosexual behaviors and advances - with nothing more than demands that the society on a whole deny their natural aversion to perversion, with displays of predilection, only further exacerbates the crisis.

Banks in today’s world fail because they are based on embezzlement and fraud. One only need research the history of banking and the profit mechanisms, or schemes, that have been incrementally implemented by those who became drunk on the power of other people’s money. It is just like the accountant who embezzles money, except that in high finance, this activity is called “fractional reserve banking.”

Furthermore, bank rescues by the government are much more common than most American’s realize, and have been occurring regularly for decades. The financial sector of America nearly imploded the entire economy in mid 1970s, but was rescued by tax payer money.

Nelson Rockefeller, allegedly one of the most wealthy and powerful people in America, is actually worth nothing in the great scheme of things and should well be living in poverty given his penchant for mismanaging, and losing, hundreds of billions of dollars of other people’s money. Rockefeller is the recipient of mountains of tax-payer bail-out money.

The Obama machine that has extended the current bail-outs, and which seeks to increase the deficit beyond this nation’s ability to repay it, is nothing short of embezzlers robbing every personal account in the nation, albeit in the form of tax dollars. This is why it is a guarantee that Obama will raise taxes. Actually, every administration raises taxes, they just find ways to present these increases as regulatory fees, penalties, lower tariffs on imports, Federal Reserve currency manipulation, and many others.

As for the Federal Reserve, it is merely the excusably incompetent rogue faction of the government who’s preposterously pragmatic members hide behind the smoke screen they are allowed to create. Barack Obama’s scape-goat, Ben Bernanke, was groomed by the administration for the main purpose of continuing the audacity of public embezzlement he learned from Geithner., Summers, Paulson, Volker and the likes.

Banks insist they are capable of continuous growth. However, there's actually no such thing absent a great deal of perversion, to an eventual cataclysm. The financial "fat-cats" - to quote the Messiah - in this nation could not possibly be blind to the many failures in the industry, or the fact that these failures are a direct result of the lack of ethics inured within the very concept of contemporary banking.

Continuous growth of anything within the known Universe always produces negative results such as embolisms, malignancies and deformities, and the incessant expectations of growth predictions by financial institutions is what is causing the cycles of boom and bust, or rise and crash, of the markets.

There must always be decay for the true cyclic ebb and flow of mankind to exist. The throttling of the society into terminal velocity is bankrupting the nation.

Currently, the growth model demands that financial firms hire, and offer incentives to, the most aggressive executives who can turn out the most loans - regardless of whether they will ever be repaid - and who are comfortable with mitigating the circumstances by evading the law. Much of this activity is created by a management atmosphere which insists that ethics and prudence are “old fashioned” and bad for business. Those who do not consign to this mentality are deemed incompetent and either relegated to the mail room, or simply terminated, thus there is a paltry amount of dissenting voices among the Wall Street mobsters.

These veritable sociopaths are who Wall Street bankers are speaking of when they tell Congress that the huge bonuses being paid to executives - with the tax-payer financed TARP fund - is necessary for complying with retention and incentive agreements made to the "talent". As well as the fact that this talent is privy to the duplicitous canards of the company and those who create the fraudulent balance sheets of the sector - including the laundry services all big banks offer to the CIA and drug cartels bringing in their huge cartons of tax free cash - and the industry is loathe to create more whistle-blowers angered by a bank who reneges on their incentives packages.

So how - one might ask - did all this racket become so prevalent in the industry? Albeit asked only by those who do not relegate the activity to indelible human nature purported by the notion that “the love of money is the root of all evil.”

Well, in the beginning, banks were merely repositories where clients paid a fee to store their valuables. Essentially banks began as nothing more than glorified warehouses.

The main valuable being deposited into the vaults of these repositories was gold, and was accepted into the bank according to its value by weight. Those making the deposit would then be issued notes which represented the weight of the gold. These were called “gold notes” and were issued for a nominal fee which was typically a percentage of the deposit in order to compensate the “bank” owner for his services.

These services were mostly reserved to securing and protecting the various clientele’s valuables, which provided a modest livelihood. In considering the fact that it requires only a basic amount of talent, education and effort to perform such duties, a modest living is all one could truly expect from such a profession. Moreover, there are many honorable people who would be perfectly satisfied with such a living.

However, as history proves, these servants of the business community were not satisfied with the fruits of their meager labors, and instead began to covet the wealth of the real men and women of prosperity, the business owners of America which, with their ingenuity and tenacity were able to proliferate in the market, and thus prosper enough to require such services.

One can easily imagine what it must have been like for those bankers to walk into the vaults each day and salivate over the stacks of gold and valuables they likely could never hope to create in their capacity as “watchdog to the stars.” And rather than pursue a more lucrative profession, they instead decided to seek circumvention of the laborious processes required to actually earn an affluent lifestyle, and began stealing it from those who had placed their trust in these economic mannequins.

While it is likely, and often quite obvious, that many a bank heist has been orchestrated by dissolute banking officials of varying status, this more overtly criminal behavior will be expounded upon in the next article.

What is imperative to fully identifying the many impetuous and contemptible activities of the banking industry lies in exposing the core concepts which were instrumental to the ensuing arena of finance so dependent on moral hazard and misfeasance in order to create profit out of thin air.

Initially bankers would resort to fraudulent tactics like manipulating their scales or placing the proverbial thumb on the tally. However, these methods were not without some extremely eviscerating risks. Back in those days, a regular client who discovered he had been getting cheated, could easily turn lethal. As well, this kind of “street justice” was often common and even preferred to the more lengthy process of litigation, because in those days people were much more difficult to track down or clearly identify if they decided to merely skip town.

Therefore, as bankers began to expect more pilfered gains with less risk - likely emboldened by jealousy and animosity - they sought to reform the banking industry through legislation that would allow them to float their worth on a ballooned balance sheet. Basically cooking the books openly because the government agreed to look the other way.

Regardless of what were the bribes, political arm twisting, incompetence, ignorance or just plain stupidity which eventually enabled the advent of “fractional reserve banking,” it is a scurrilously urbane method of indefensible thievery in most every way imaginable.

Fractional reserve banking actually allowed the underachievers of the society to embezzle the wealth of the nations most productive citizens and then gamble it in high stakes, high risk ventures that promised “get rich quick scheme” type profit margins.

Fractional reserve banking not only allowed sanctioned repositories to mismanage other people’s money for the purpose of gambling it, but it also allowed these bankers to borrow against it. And not from some reputable and liquid fund source, but from their own holdings.

This is where fiat currency began to be the tool of organized crime. Furthermore, this new paper, that was not backed by any assets, was added to the balance sheet which could again be fractionally held in reserve, thus producing a precarious two-tiered structure of self-imposed debt. This creates a business within the market that is in no way held to the rigors of competition and must be excessively regulated in order to prevent abuse.

The standard for fractional reserve banking only required that the bank hold 10 percent reserves. This means that for every $10,000 worth of actual assets - typically gold - the bank could claim to be liquid in the amount of $210,000. This worthless “derivative” is then invested and loaned as the bank see’s fit.

Although regulatory agencies many times attempted to monitor these transactions, it is impossible to prevent banks form lending to excessively risky clients. Risky clients such as, but not limited to, military dictators, drug cartels, national security agencies and foreign governments, have been the big banks’ bread and butter for centuries.

Unfortunately when these risky clients default on their agreements and the banks are threatened with the collapse they deserve - both as a result of mismanagement and betrayal of public trust - the government actually has the nerve to claim these banks are too big to fail, and bails them out of trouble with tax-payers picking up the tab…plus tip, of course, to compensate these politicians for the great service they are performing for everyone…right?…right?…no takers? Didn’t think so.

This gambling of the nation’s wealth and prosperity is engaged in every time a bank loan’s money, and the interest which accrues on these loans always reflects the risk assumed by the debtor. However, the only reason risk is the deciding factor is because there is no honor among the thieves who constructed this Ponzi scheme now strangling the entire economy. It is a Ponzi-scheme because with this type of system controlled by big central banks “in bed with the Fed“ citizens are simply borrowing their own money, and paying interest on it to an entity which truly has no actual merit, nor any viable reason to exist.

The entire banking system, including the Federal Reserve, needs to undergo a complete audit and rethink because it is no more operating in the people’s best interests than are the huge corporations.

These banks are unsustainable in almost every way, and that which the government now claims is “too big to fail” is actually “to criminal to exist.”