Anna von reitz
4160 Anna von Reitz - Don't panic - center yourself / center yourself.
Translation into the German native language by: Stephan-Christian. [ The Freedom Smith ] Copyright and proprietary interest and trademarked trade name in peaceful country law. All rights reserved. Conditional. For education, acquisition of skills and further training in the private sector. The private distribution for private and non-commercial use is expressly desired. As always and everywhere, the same applies here: believe nothing, check everything and keep the best. Breathe deeply and live in prosperity and harmony.
Anna:
The banks have all defaulted since the 1930s. This is nothing new, ma'am. Just keep going.
The banks all had to borrow other people's assets - gold, houses, land, etc. - to have anything to base their loans on. So when a large number of banks default, the only thing that has changed or is changing is their liquidity – simply put, they don't have enough cash to pay it out in this form, or they don't have enough new assets and Income to keep their self-limiting Ponzi scheme going.
Both of these conditions can lead to a lack of liquidity, and a lack of liquidity can cause a bank to collapse.
Since there is no shortage of paper and ink, the dilemma stems from the fact that politicians are not making enough money available to the banks and the banks are not making enough new loans. That means the mint stands still as the federal government bumps its head against its own debt ceiling, and the economy shrinks as the banks try to bail out at the expense of lending. at the price of not making new loans.
If the banks don't make new loans, they can't build their wealth base and earn the interest they need to survive, so a vicious circle of fear ensues. The TARP payments were intended to prevent that outcome, but failed because Congress issued these bailouts without conditions or enforcement.
Janet Yellen has been begging, pleading and pounding on her desk with both feet for weeks - to no avail. The editors in Congress and the White House have held their Confederacy of Dunces meetings and they are still blocked. Until they agree, it will take months, if not years, to fix the money crunch problem.
That's what's so heinous about the whole thing. There would be no cash shortages if they were to authorize the printing of cash, or even authorize the use of cash that is already printed and waiting in camps for an opportunity like this — so one can only conclude that Joe Biden and the Members of the British Territorial Congress want a bank collapse.
They clearly desire the chaos and misery that is foreseeable in bank failures, and they intentionally create huge social and political drama that is entirely avoidable.
The fault lies with them and their employers. This time we will hold them accountable.
When these banks advertise "home loans," they are soliciting you to lend them your home so they can use your wealth and the mechanisms of "fractional reserve banking," aka gambling and betting on what's to come. to give seven to ten times the amount of credit they lent you.
They then lend the additional credit thus created to others - or they do not lend it and add it to their "bank reserve".
When these giant banks were bailed out under the TARP program, they were supposed to use the money to make new loans and stimulate the economy—as if they were given a laxative. Instead, they held back on making new loans, instead putting the funds in their bank reserves.
It's safer from the banks' perspective, but it also means they don't make profits from lending at interest.
When the government, through its own cunning and clumsiness, doesn't produce enough money for the banks and people suddenly start demanding their balances from the banks in a more tangible form, it's called a "bank run."
Check out the old Jimmy Stewart film It's a Wonderful Life for a perfect depiction of a bank run and a more than adequate explanation of the problem.
Both government and citizens have created their own problem, and the banks are in a bind. Even all the bank reserves they have hoarded cannot help them because these reserves are not in the form of banknotes.
In a bank run, it depends on the form of the bankroll.
Digits in a bank book are no longer good enough. People want something they can hold in their hands and hide under their mattress because they're scared.
Suddenly, Aunt Betsy wants five thousand dollars to hold in her hands. It's her credit and she wants it in a form she can touch.
Who is responsible for issuing enough physical cash for them and how many millions of other people to do so?
Technically, the Federal Reserve Banks are responsible for meeting daily cash needs.
The Federal Reserve Banks say they can't do that until politicians raise the "debt ceiling," and they groan and say that issuing the paper notes is so old-fashioned. You lose a tiny fraction of one percent of the seigniorage this way.
The politicians say they want their share, and it goes back and forth; neither the Federal Reserve nor the politicians understand why the hard-bitten public wants to get their hands on something. It's just a symbol anyway.
But is it a symbol of what? your debt. Not for yours, but for hers.
Paper tends to be something more tangible and provable than a keystroke in a computer ledger; the public may be stupid, but they understand that much, and that's why people are asking for cash.
Imagine a fat, red-faced banker on one side of the table and a skinny, pince-faced little commissioner on the other, neither of whom understand why the public is so upset and why people want paper instead of digital currency.
They also have trouble with the concept that all this debt they created out of thin air is actually prepaid loans that they have to repay to the public.
What is debt to one is credit to another. It just depends on which side of the fence you're standing.
They've been putting off the mountain of debt for so long they've forgotten the other page of the book, because the credit page of the book doesn't belong to them. She's yours.
So they say we're bankrupt. You can't get money out of a turnip.
We say yes you are bankrupt but thanks to your own actions you are not covered/obscured by the corporate veil.
This time we take our fortune and our prepaid loan.
Link to the English original: http://annavonreitz.com/centeryourselves.pdf
You will find more than 4000 other contributions by Anna von Reitz for enlightenment, the acquisition of skills, the preservation of human freedom and the necessary change in consciousness on Anna von Reitz's original English website, which is continuously updated by Paul Stramer at the URL: www.annavonreitz.com
You can find numerous other translations of Anna von Reitz's contributions on the translator's Telegram channel: https://t.me/ Freiheitschmied
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