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FOR THE GAMBLERS AMONG MY READERS


 
 
   

To grasp the truth that periodic withdrawal of money through interest payments will inexorably transfer all wealth in the nation to the receiver of interest, imagine yourself in a poker or dice game where everyone must buy the chips (the medium of exchange) from a "banker" who does not risk chips in the game, but watches the table and every hour reaches in and takes 10% to 15% of all the chips on the table.  As the game goes on, the amount of chips in the possession of each player will go up and down with his "luck." However, the TOTAL number of chips available to play the game (carry on trade and business) will decrease rapidly.

    The game will get low on chips, and some will run out.  If they want to continue to play, they must buy or borrow them from the "banker." The "banker" will sell (lend) them ONLY if the player signs a "mortgage" agreeing to give the "banker" some real property (car, home, farm, business, etc.) if he cannot make periodic payments to pay back all of the chips plus some EXTRA ones (interest).  The payments must be made on time, whether he wins (makes a profit) or not.

    It is easy to see that no matter how skillfully they play, eventually the "banker" will end up with all of his original chips back, and except for the very best players, the rest, if they stay in long enough, will lose to the "banker" their homes, their farms, their businesses, perhaps even their cars, watches, rings, and the shirts off their backs!

    Our real life situation is MUCH WORSE than any poker game.  In a poker game none is forced to go into debt, and anyone can quit at any time and keep whatever he still has.  But in real life, even if we borrow little ourselves from the Bankers, the local, State, and Federal governments borrow billions in our name, squander it, then confiscate our earnings from us and pay it back to the Bankers with interest.  We are forced to play the game, and none can leave except by death.  We pay as long as we live, and our children pay after we die.  If we cannot pay, the same government sends the police to take our property and give it to the Bankers.  The Bankers risk nothing in the game; they just collect their percentage and "win it all." In Las Vegas and at other gambling centers, all games are "rigged" to pay the owner a percentage, and they rake in millions. The Federal Reserve Bankers' "game" is also rigged, and it pays off in billions!

    In recent years Bankers added real "cards" to their game.  "Credit" cards are promoted as a convenience and a great boon to trade.  Actually, they are ingenious devices by which Bankers collect 2% to 5% of every retail sale from the seller and 18% interest from buyers.  A real "stacked" deck!

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