Sunday, August 28, 2011
Economic Stage Set To Fail By Design
The Intel Hub
Shepard Ambellas
August 27, 2011
The world’s economic stage, pace, and policies have been set up (by design) as part of a scripted, predetermined (desired) outcome by tyrannical oligarch’s that have been dominating the minds and souls of many for hundreds of years.
Major players like the IMF Bank set the pace on a grand scale.
The fiat currency (paper or electronic) that you hold in your wallet or bank account is really just an illusion, a hologram, to control the masses.
What makes that paper or electronic data worth anything at all?
A good example is of how the scam works is as follows (using a construction loan for an example);
To build a new home can sometimes be a challenge, especially when it comes to the cost.
First the bank lends the borrower a pre-approved amount based on the credit rating and down payment of the customer at interest.
So lets say the customer gets a $300,000 construction loan to build a home, then hires a General Contractor to build the home.
First of all the customer more than likely put around 10% of the total loan amount down or more as a deposit on the bank loan (fiat). So by the bank lending the money through electronic means (i.e. paper checks from a loan account), the bank has no out of pocket expense and just collected a minimum of $30,000 dollars that the bank will turn around and reinvest and make even more money off of.
Once the loan was initiated and the construction process begins the contractor will get paid through a series of draws. During the entire process and after the house is completed the customer will be making monthlyloan payments — making the bank even more money out of thin air.
Ah, but here is the kicker.
After the home is complete if the customer defaults on payment for 90 days the bank will then repo a “tangible asset” that was built at no cost to them, while the bank profited the whole way.
Read More: http://theintelhub.com/2011/08/27/economic-stage-set-to-fail-by-design/
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