Hi All, bit new to this.  Anyone interested in this:



The very term, "lending", implies an underlying asset; the value being borrowed.  All borrowing is borrowing against an asset.  For every debt there is both an asset, AND a liability. Except...

In fractional reserve banking clown world.

In cartel banking land, debt has been issued, ad nauseum, with no counterbalancing asset; other than the promise of the US government and the "Federal Reserve" to tax citizens and inflate the currency, respectively.  Make no mistake, future labour and paper currency are not assets.  An asset is value ALREADY earned.

When I was a kid working bars in Melbourne in the Eighties, a ponzi scheme called the Pilot Game was a viral fad for a few months.

Go read this real quick:
http://tinyurl.com/AirplanePonzi
then come back.

The thing petered out as soon as it became impossible to find the exponentially increasing number of noobs willing to part with 1K, which didn't take long.  I was only on the first layer... my cash was gone.  A fool and his money are soon parted.

Back in clown world, the middle and lower classes are now just like I was back then.  The bankers and bureaucrats have filled their bags and taken off. Mr and Mrs Schmuck & the little Schmucks will be left with no plane, and their savings evaporated.

Don't be one of the schmucks.

Educate yourself about money, especially about how corrupt money and banking (Fiat and FRB) always lead to a debt unwind spiral.