Worship or die

“We arrived at this point due to an era of profound irresponsibility that stretched from corporate boardrooms to the halls of power in Washington, D.C. The result has been a devastating loss of trust and confidence in our economy, our financial markets and our government.”
--President-elect Barack Obama, January 8, 2009

That is a lie...This point was reached due to the US consumers being unable to continue supplying the compounding interest equation with what it demands.

All that the compounding interest equation does is demand more and more tribute...The US consumers finally reached the point after 65 years where they could no longer supply the LORD they worship, aware or not, with the required tribute...and now must suffer the consequences.

Everyone else in the world also worship the same LORD...But they are all dependent upon the USA for their supply since in 1944 The US Dollar was made the global trade medium of exchange.

So basically back in 1944 the world became dependent upon the U.S. consumer to be the supply of U.S. Dollars and the demand for imports while the rest of the world became the supply of imports and the demand for U.S. Dollars.

Because to buy anything from the global system...like oil to sustain your civilization ...You need U.S. Dollars and if you don't have U.S. Dollars you need to sell something to someone that has them...and the ultimate source of US Dollars are...U.S. consumers.

But how do U.S. consumers get US Dollars?

First how does any consumer in the world get their hands on money?

For centuries compounding interest commercial banking credit systems have been in operation.

Currently how the system works is a consumer, in basically any country on Earth or more specifically economic zone, requests a commercial bank directly or indirectly to create money.

It's actually credit...but can be used just like money...So it is money....Because ultimately those with enough power...decree what money is...and that's what money is...or else they will suffer the consequences.

The compounding Interest commercial banking credit system creates money by creating an asset an attaching interest to it and a liability in a ledger.

At the request of a consumer....When a consumer goes to a bank and says...I'd like a loan...They are requesting the bank to issue credit.

Ultimately the money being created...Is the requesters future income...The bank sucks the requesters future income from the future into the present to spend...

Not really but that's a way to look at it...The bank is loaning the requesters future income to them to spend in the present.

The requester uses their current income or an asset inflated in price as collateral for the request.

The current income is composed mostly of previously requested money by all the requesters or consumers in the system including the requester or consumer themselves.

A price inflated asset...Is inflated in price by all the previously requested or created money.

So where does money come from?

A consumer requests a commercial bank to manufacture money using their current income which is mostly previously requested money or an asset inflated in price by previously created money as collateral backing the request.

The bank creates an asset of lets say $250,000 and attaches 5% interest and a liability of $250,000 and amortizes it for 30 years.

The above is credit...It can be spent just like money so it's also money...and because it needs to be paid back...It's also debt.

Money is debt and debt is money...all the money in circulation basically is debt with interest attached and all the consumers of the world rent it.

A consumer in almost any country in the world wants to buy a house but is short $250,000

So they go to a commercial bank and request a loan...The bank checks and the consumers income and assets combined are high enough to back the request.

So the bank creates an asset of $250,000 and attaches 5% interest to it an amortizes it over 30 years an creates a liability of $250,000 and give the consumer a bank draft for $250,000 which is spent into the economy increasing the total money supply by $250,000

The first payment is due an it all works out to...

The consumer pays the bank 1342.05

The principal amount is $300.39

That causes the asset and liability to shrink by that much and they both become $249,699...Basically shrinking the total money supply by $300.39

The Interest portion on $250,000 amortized for 30 years at 5% is $1041.67 That is the banks profit.

That's how a typical commercial bank makes money.

But they do so by consumer request
.
Consumers are the source of all the money creation...If consumers chose to not request commercial banks to manufacture U.S. Dollars...The supply will not increase.

Why would you want the supply of money to increase?

Well lets say you don't don't want to work for a living...But you happen to have $100,000 of savings. And decide to rent out that money and live off the profit.

You attach 10% interest to it...You give everyone $100,000 under the condition that they all give you back $110,000.

Why would you want the money supply to increase by 10%?

The entire money supply of the USA and every country/economic zone on Earth or the entire money supply of the world is debt with interest attached.

In order to continue paying he rent the money supply has to keep increasing because the rent or interest attached to the money supply is causing the demand for more to increase.

The total global money supply is around 200 Trillion Dollars equivalent...at say 5% average interest that means.

In order to just balance the books the global money supply has to grow by 5 Trillion Dollars in that year.

But then the next year 205 Trillion has to grow by 5.25 Trillion at 5%

In 1944 the US money supply was 355 Billion Dollars and it has grown since then to now to 51.5 Trillion Dollars

To accomplish that you would need to attach interest of 7.96% to 355 Billion for 65 years.

Which is basically what happened during the “era” President-elect Barack Obama mentioned on January 8, 2009.

Consumers requested commercial banks to manufacture more and more an more new money to basically supply the demands of the compounding interest equation...Until of course consumers had reached the point at which they could no longer supply the required amount of tribute the LORD you worship, aware or not, was demanding.

The consequences of failure to supply the LORD with what the LORD demands is the end of inflation greater than previous inflation of the global system...or economic growth and the beginning of inflation less than previous inflation of the global system or economic contraction.

It had zero to do with “profound irresponsibility that stretched from corporate boardrooms to the halls of power in Washington, D.C.”.

Unless he means choosing to worship the compounding interest equation...But in the rest of the speech there is no mention of the equation as the cause of the effects.

Well why is the rest of the world caving in?

Because every economic zone on Earth needs U.S. Dollars to sustain the continued inflation greater than previous inflation of their economic zones.

With the source of U.S. Dollars, The US consumer, maxed out after 65 years of supplying the Bretton Woods Global trade system with the required amount of money the rest of the world needs...

The rest of the economic zones on Earth have stopped inflating greater than previous inflation...or experiencing economic growth and are now beginning to inflate less than previous inflation...or experiencing economic contraction.