Tom Greco  @  ChelseaGreen

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The Banker’s Con Job, MSNBC’s Dylan Ratigan Gets It, Sort Of.

Posted on Monday, April 4th, 2011 at 12:06 pm by Tom Greco

With the thievery becoming so blatant, even the mainstream media can no longer ignore it. Some reporters are actually beginning to understand how the con job works. In this video Ratigan takes a shot at explaining it.

Yes, bankers run the government, yes, the Federal Reserve is a private company operated by and for the banking establishment, yes, they are robbing us blind by means of their control of the money creation process.

The thing that almost no one understands yet is the fundamental flaw in the system, which is the creation of money on the basis of interest-bearing debt loaned to individuals, businesses, and governments.   The interest burden creates the necessity of ever-expanding debt so that the money supply does not collapse, hence, the dot-com bubble, the real estate bubble, and every other financial bubble throughout our history. That debt imperative gives rise to a growth imperative, which drives artificial growth of the economy, resource consumption, and virtually everything else, for that matter.

Don’t believe it? Well, just look at the empirical evidence. The phenomenon I describe is clearly seen in the worldwide debt statistics of the past several decades. We’ve reached the point of no return.–t.h.g.

Read the original post on Beyond Money.

endofmoney Thomas Greco is the author of The End of Money and the Future of Civilization.
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