How The Elite Dominate The World – Part 1: Debt As A Tool Of Enslavement

Tyler Durden's picture

Authored by Michael Snyder via The Economic Collapse blog,

Throughout human history, those in the ruling class have found various ways to force those under them to work for their economic benefit.  But in our day and age, we are willingly enslaving ourselves. 

The borrower is the servant of the lender, and there has never been more debt in our world than there is right now.  According to the Institute of International Finance, global debt has hit the 217 trillion dollar mark, although other estimates would put this number far higher.  Of course everyone knows that our planet is drowning in debt, but most people never stop to consider who owns all of this debt.  This unprecedented debt bubble represents that greatest transfer of wealth in human history, and those that are being enriched are the extremely wealthy elitists at the very, very top of the food chain.

Did you know that 8 men now have as much wealth as the poorest 3.6 billion people living on the planet combined?

Every year, the gap between the planet’s ultra-wealthy and the poor just becomes greater and greater.  This is something that I have written about frequently, and the “financialization” of the global economy is playing a major role in this trend.

The entire global financial system is based on debt, and this debt-based system endlessly funnels the wealth of the world to the very, very top of the pyramid.

It has been said that Albert Einstein once made the following statement

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”

Whether he actually made that statement or not, the reality of the matter is that it is quite true.  By getting all of the rest of us deep into debt, the elite can just sit back and slowly but surely become even wealthier over time.  Meanwhile, as the rest of us work endless hours to “pay our bills”, the truth is that we are spending our best years working to enrich someone else.

Much has been written about the men and women that control the world.  Whether you wish to call them “the elite”, “the establishment” or “the globalists”, the truth is that most of us understand who they are.  And how they control all of us is not some sort of giant conspiracy.  Ultimately, it is actually very simple.  Money is a form of social control, and by getting the rest of us into as much debt as possible they are able to get all of us to work for their economic benefit.

It starts at a very early age.  We greatly encourage our young people to go to college, and we tell them to not even worry about what it will cost.  We assure them that there will be great jobs available for them once they finish school and that they will have no problem paying off the student loans that they will accumulate.

Well, over the past 10 years student loan debt in the United States “has grown 250 percent” and is now sitting at an absolutely staggering grand total of 1.4 trillion dollars.  Millions of our young people are already entering the “real world” financially crippled, and many of them will literally spend decades paying off those debts.

But that is just the beginning.

In order to get around in our society, virtually all of us need at least one vehicle, and auto loans are very easy to get these days.  I remember when auto loans were only made for four or five years at the most, but in 2017 it is quite common to find loans on new vehicles that stretch out for six or seven years.

The total amount of auto loan debt in the United States has now surpassed a trillion dollars, and this very dangerous bubble just continues to grow.

If you want to own a home, that is going to mean even more debt. 

In the old days, mortgages were commonly 10 years in length, but now 30 years is the standard.

By the way, do you know where the term “mortgage” originally comes from?

If you go all the way back to the Latin, it actually means “death pledge”.

And now that most mortgages are for 30 years, many will continue making payments until they literally drop dead.

Sadly, most Americans don’t even realize how much they are enriching those that are holding their mortgages.  For example, if you have a 30 year mortgage on a $300,000 home at 3.92 percent, you will end up making total payments of $510,640.

Credit card debt is even more insidious.  Interest rates on credit card debt are often in the high double digits, and some consumers actually end up paying back several times as much as they originally borrowed.

According to the Federal Reserve, total credit card debt in the United States has also now surpassed the trillion dollar mark, and we are about to enter the time of year when Americans use their credit cards the most frequently.

Overall, U.S. consumers are now nearly 13 trillion dollars in debt.

As borrowers, we are servants of the lenders, and most of us don’t even consciously understand what has been done to us.

In Part I, I have focused on individual debt obligations, but tomorrow in Part II I am going to talk about how the elite use government debt to corporately enslave us.  All over the planet, national governments are drowning in debt, and this didn’t happen by accident.  The elite love to get governments into debt because it is a way to systematically transfer tremendous amounts of wealth from our pockets to their pockets.  This year alone, the U.S. government will pay somewhere around half a trillion dollars just in interest on the national debt.  That represents a whole lot of tax dollars that we aren’t getting any benefit from, and those on the receiving end are just becoming wealthier and wealthier. In Part II we will also talk about how our debt-based system is literally designed to create a government debt spiral.  Once you understand this, the way that you view potential solutions completely changes.  If we ever want to get government debt “under control”, we have got to do away with this current system that was intended to enslave us by those that created it.

We spend so much time on the symptoms, but if we ever want permanent solutions we need to start addressing the root causes of our problems.  Debt is a tool of enslavement, and the fact that humanity is now more than 200 trillion dollars in debt should deeply alarm all of us.

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VWAndy's picture

 Debt or debasement. Either way long term we are going to get screwed to the bone kiddies.

MozartIII's picture

Central banks have their claws in all those loans. Almost as if planned.

techpriest's picture

Just finished reading "The Richest Man in Babylon." One very valuable lesson there is what some today would call an ideal gas law of expenses.

No matter how much money you make you always want more lifestyle than you have to spend.

Master those desires, and you will have power over your money and will not fall into debt. Keep an attitude of "I deserve it!" and before long, you will be enslaved.

Guess which attitude is promoted 24/7?

balz's picture

I tried to read that book, but I didn't like the old English. It was very difficult to read.

techpriest's picture

Yeah, I think they were trying to write it like a King James Old Testament. But it screws with you because the Babylonian gods are obviously not favored in the Old Testament, even though they are talking very positively about such gods in one particular story (Meet the Goddess of Luck, which is about prepping so you can seize opportunity).

However, there were a few quotables in there. What they repeated over and over is that you must take control of your income, and you must maintain an attitude that you are in control of your destiny, otherwise someone else will fill the void and control that destiny for you.

In particular, I liked the tale about the man who was determining whether he had the soul of a free man or slave. The other is about a rich dad giving his son a bag of gold and a text explaining how to build wealth, and he loses the gold but gains it back once he loses all and starts reading.

sincerely_yours's picture

The debtor (the people) is slave to the lender (the money changers). Always.

stizazz's picture

The money changers' day is coming. Nothing lasts forever.

Stuck on Zero's picture

So let me ask ... what happens if next Monday if everyone repudiates their debt?

Implied Violins's picture

...Skynet is activated. (((shudder)))

Escrava Isaura's picture

How The Elite Dominate The World

Through the social contract call capitalism.

Capitalism core is to maximize personal gains at the expenses of others. Now try to run a family under these values. The family will self-destruct.

Humanity needs a new social contract if humanity is to survive. It cannot be capitalism.

“Capitalism is the theory that the worst people, acting from their worst motives, will somehow produce the most good”. – John Maynard Keynes

 

HenryKissingerZuckerberg's picture

this article is so anti semite!!! Goys are cattle and shall tribute forever to the GOD chosen ones.

HopefulCynical's picture

Right on cue, here comes the South American Marxist asshat to waggle his finger at us about "capitalism."

End the fucking central bankster grift game, and "capitalism" will work just fine.

Sparkey's picture

"Capitalisn" what ever that really means, or does it really mean anything, anyway the word "Capitalism" is the corner stone of our financial religion we all worship Capitalism even though no one knows for sure what is means as the meaning is forever changing!

GoldIsMoney's picture

capitalism is well known what is not known is crony capitalism and that's the systems we do have world-wide.

 

techpriest's picture

Wow, we got a good 6 comments in before the BI spammer!

The Wizard's picture

What is income. The IRS has never defined the term.

Better to use terms like assets, wealth, etc. Your labor is an asset and private property. At least, it is supposed to be under the Laws of Nature and Nature's God.

Evil Peanut's picture

this is why schools don't teach young people personal finance management

techpriest's picture

Dave Ramsey has apparently started changing this. He has a high school program now, but it started just a few years ago so it will take a decade or so for the kids who took that class to grow up and put it into practice.

The Wizard's picture

Dave Ramsey is a classical Keynesian. What will he say when the cards come tumbling down?

However, his primary theme is get out of debt. Great suggestion. The problem is we are debt slaves to the monetary system. Something Ramsey doesn't discuss.

techpriest's picture

He's really great on personal finance, but like you, I disagree with him on economic matters.

However, I think the stage we're in, is getting everyone first to a place where they resolve to stop living beyond their means. Move the culture from borrowing to saving, and then you will get a critical mass of people who will pay attention to their savings being devalued.

HRClinton's picture

"Whether you wish to call them “the elite”, “the establishment” or “the globalists”, the truth is that most of us understand who they are."

They are (((Global-Lusts))), listing after everything of value, the globe over.

 

booboo's picture

You think Blankfein was joking when he said they were doing Gods Work? Nope, the fake Jews really believe it is part of their mandate from God.

nmewn's picture

So I guess Hillary had to wait on Bubba to give the "all clear"...

"Further details about Clinton's testimony emerged on the same day that the president's legal defense fund announced it has raised $2.2 million in the last six months, more than was collected during the previous four years of his presidency combined. The newly reconstituted defense fund, operating with looser rules about who can give and how much they can offer, tapped into resentment against Starr as more than 17,000 Clinton supporters sent money.

Hollywood was quick to come to the president's aid. Among the 62 donors giving the maximum $10,000 were performers and directors such as Tom Hanks, Barbra Streisand, Michael Douglas, Ron Howard, Norman Lear, Steven Spielberg and Kate Capshaw-Spielberg as well as studio executives Jeffrey Katzenberg, David Geffen, Harvey Weinstein and Bud Yorkin.

"We believe that no first family should face such a horrendous financial burden while trying to carry out the work which the American people elected him to do," said David Pryor, the former Democratic senator and Clinton friend from Arkansas who founded the legal fund."

...lol.

Better get this screen grab quick before it gets Goolaged down the ole internet memory hole, cuz ya know, freedom of press/speech/information an all ;-)

http://www.washingtonpost.com/wp-srv/politics/special/clinton/stories/st...

Snípéir_Ag_Obair's picture

Snyder is either Jewish or a Judaized ZioChristian.

http://www.sweetliberty.org/issues/hoax/scofield.htm
http://www.jesus-is-savior.com/Wolves/scofield.htm

He doesn't quite get it that yahweh is simply a symbol for the tribe - a tribe more interested in controlling vital trade routes and tokens of exchange than any other.

Getting you to focus on an imaginary life after death was the greatest trick ever conjured.

The yahweh-as-Creator myth is a yoke, like the bankers, that must be broken for Humanity to become its own Saviour (so to speak).

The Jewish doctrine vowing to indebt, enslave and murder non-Jews has been staring us in the face for centuries

"For thou art an holy people unto the LORD thy God: the LORD thy God hath chosen thee to be a special people unto himself, above all people that are upon the face of the earth." -- Deuteronomy 7:6

"For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee." -- Deuteronomy 15:6

"Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it." -- Deuteronomy, 23:20

"For thou art an holy people unto the LORD thy God: the LORD thy God hath chosen thee to be a special people unto himself, above all people that are upon the face of the earth." -- Deuteronomy 7:6

"For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee." -- Deuteronomy 15:6

"Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it." -- Deuteronomy, 23:20

-----

"The LORD said unto my Lord, Sit thou at my right hand, until I make thine enemies thy footstool.

2 The LORD shall send the rod of thy strength out of Zion: rule thou in the midst of thine enemies.

3 Thy people shall be willing in the day of thy power, in the beauties of holiness from the womb of the morning: thou hast the dew of thy youth.

4 The LORD hath sworn, and will not repent, Thou art a priest for ever after the order of Melchizedek.

5 The Lord at thy right hand shall strike through kings in the day of his wrath.

6 He shall judge among the heathen, he shall fill the places with the dead bodies; he shall wound the heads over many countries. -- Psalm 110:1-6

-----

"And when the LORD thy God shall deliver them before thee; thou shalt smite them, and utterly destroy them; thou shalt make no covenant with them, nor shew mercy unto them:" -- Deuteronomy 7:2

-----

"The mashiach [Jewish messiah] will bring about the political and spiritual redemption of the Jewish people by bringing us back to Israel and restoring Jerusalem (Isaiah 11:11-12; Jeremiah 23:8; 30:3; Hosea 3:4-5). He will establish a government in Israel that will be the center of all world government, both for Jews and gentiles (Isaiah 2:2-4; 11:10; 42:1). He will rebuild the Temple and re-establish its worship (Jeremiah 33:18). He will restore the religious court system of Israel and establish Jewish law as the law of the land (Jeremiah 33:15)...The world after the messiah comes is often referred to in Jewish literature as Olam Ha-Ba (oh-LAHM hah-BAH), the World to Come...In the Olam Ha-Ba, the whole world will recognize the Jewish G-d as the only true G-d, and the Jewish religion as the only true religion (Isaiah 2:3; 11:10; Micah 4:2-3; Zechariah 14:9)." -- From "Mashiach: The Messiah", Judaism 101

-----

"8 He shall have dominion also from sea to sea, and from the river unto the ends of the earth.

9 They that dwell in the wilderness shall bow before him; and his enemies shall lick the dust.

10 The kings of Tarshish and of the isles shall bring presents: the kings of Sheba and Seba shall offer gifts.

11 Yea, all kings shall fall down before him: all nations shall serve him." -- Psalm 72:8-11

-----

"With the exception of the USSR as a federated Eurasian state, all other continents will become united in a world alliance, at whose disposal will be an international police force. All armies will be abolished, and there will be no more wars. In Jerusalem, the United Nations (a truly United Nations) will build a Shrine of the Prophets to serve the federated union of all continents; this will be the seat of the Supreme Court of Mankind, to settle all controversies among the federated continents, as prophesied by Isaiah." -- David Ben-Gurion, first Prime Minister of the Jewish State of Israel

http://www.judeofascism.com/2011/11/jewish-doctrine-vowing-to-indebt.htm...

The Jews often lie and claim that Christians are responsible for the fact that Jews are usurious. The Jews also sophistically claim that by identifying an allegedly alien source for their usurious practices, they are thereby absolved of their guilt for stealing from, and ruining, the rest of humanity. Both Jewish claims are false, as proven by the Jewish Old Testament, which in the form of the Bible is still a bestseller.
...
. . .the Jews assert that since Christians forbade usury, and since the Christians limited the Jews' ability to subvert their Christian societies by preventing the Jewish takeover of land, the guilds, etc. the Jews were therefore forced to adopt usury as their only available means of survival and that the Jews are therefore blameless for their Jewish bloodsucking.
In point of fact, the Jews' God instructs the Jews to practice usury against non-Jews as means of taking over the World, but to never practice usury against fellow Jews, because usury is immoral, as immoral as murder. The Jews' racist God tells the Jews to bleed the Goyim dry with usury in the books of Moses, which were supposedly given to the Jews some 1,500 years before the birth of Jesus Christ, and therefore some 2,000 years before the Middle Ages, which is the period in which Jews claim the Christians forced the Jews into becoming usurers.
In the Jewish book of Deuteronomy 15:6; 23:20; 28:12-13, the racist Jewish God tells the Jews to take over the World with usury:

"15:6 For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee. [***] 23:20 Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it. [***] 28:12 The LORD shall open unto thee his good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow. 28:13 And the LORD shall make thee the head, and not the tail; and thou shalt be above only, and thou shalt not be beneath; if that thou hearken unto the commandments of the LORD thy God, which I command thee this day, to observe and to do them:"

According to the Jews' own records, the Jews planned to use usury to rule the World at least 3,500 years ago. How dare the Jews blame and scapegoat Christians for their most ancient Jewish theft and greed?
Now, as to the Jewish claim that the Jews are free from guilt for ripping off and ruining the Goyim, the Jews' own religious authorities from Moses, to Ezekiel, to Maimonides viewed usury against fellow Jews as the worst of crimes. The racist and murderous Jewish God states in Exodus 22:23-24:

"24 And my wrath shall wax hot, and I will kill you with the sword; and your wives shall be widows, and your children fatherless.

25 If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury."

Yet the Jewish God has commanded the Jews to practice usury against the Goyim! Again in Leviticus25:36-37 the racist Jewish God, who commands the Jews to practice usury against non-Jews, forbids the Jews to practice usury against one another, because usury is immoral:

"36 Take thou no usury of him, or increase: but fear thy God; that thy brother may live with thee.

37 Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase."

In Ezekiel 18:13, 17, the angry Jewish God promises to murder any Jew who practices usury against a fellow Jew:?

"13 Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. [***] 17 That hath taken off his hand from the poor, that hath not received usury nor increase, hath executed my judgments, hath walked in my statutes; he shall not die for the iniquity of his father, he shall surely live."

The "great" Jewish philosopher Maimonides sanctioned these anti-Gentile practices. So we see that not only are the Jews liars when they claim that Christians forced them into usury, they are murderous thieves, who have openly planned for thousands of years to rule the World through the use of usury, this according to their most sacred religious authorities. Not only do Jews lie when they attempt to excuse themselves for their crimes by falsely attributing their own practices to foreign influence and hold themselves blameless for their bloodsucking, the Jews' own religious authorities define usury as the worst of sins deserving of death.

http://jewishracism.blogspot.ca/2009/03/1-bestseller-proves-that-usury-i...

ANY QUESTIONS?
***
https://migchels.wordpress.com/2014/05/19/why-do-people-have-difficulty-...

http://www.theoccidentalobserver.net/2009/08/01/the-culture-of-deceit/

http://theoccidentalobserver.net/authors/Connelly-DeceitII.html

putaipan's picture

that's all well and good but really doesn't account for why all the contactual obligations lead back to the vatican. just sayin'.

Hail Spode's picture

"The yahweh-as-Creator myth is a yoke, like the bankers, that must be broken for Humanity to become its own Saviour (so to speak)."

The myth is that humanity can be its own savior. Maybe some special group of Jews think they should be humanities Lord and Savior, some special groups of gentiles think that we should all be our own Lord and Saviors, but God is still holy, and Jew or Gentile we are not. We can't be our own Saviors. To do that we would have to be righteous and then we would not need saving.

But now if you take the view of early Genesis that the Jewish people take, it may seem like myth. A Christian view of the text however, is shockingly in line with what we know about the natural universe, too bad churches don't teach it ....Early Genesis, the Revealed Cosmology https://www.amazon.com/dp/B06XRLDYJB

HRClinton's picture

Yes, they too have the power to make people rich or poor, or to let them live or die.

That's how Bankfine meant it. 

ToSoft4Truth's picture

Buffalo Trace Vs Maker's Mark?

Blue Boat's picture

I'll take Woodford Reserve, straight with a couple of rocks. Thanks and cheers.

Tugg McFancy's picture

Too good for some Old Crow?

Seasmoke's picture

Like them both. But always will go with Maker's Mark 46. 

putaipan's picture

yeah well, you can chalk my last comment up to the black velvet with a schmear of peach

GassedUpOldMan's picture

"By getting all of the rest of us deep into debt"
Yes, good goy. Keep blaming everyone else for your issues - don't try to fix them, no! Just sit back and complain about your poor life decisions, and the world will fix itself.

Lending requires interest. It's called time preference - google it.

If you're smart, the only reason to go into debt is to profit from it.

techpriest's picture

One explanation I've heard is that interest is the rental fee for the money you borrow, much like how they used to charge you $5 a week on the old VHS tapes you rented from Blockbuster.

The difference is, the unpaid rental fee is also "rented," creating compound interest.

chrsn's picture

One unspoken rule of debt:  the bigger the poseur you are, the more susceptible you are to the siren song of debt.

HushHushSweet's picture

Never had a credit card.

Never held a mortgage.

Never took out a car loan or any other kind of loan except a student loan for 9 grand that I went bankrupt on (before it was no longer possible to do so).

Am not beholden to the ziobankers and their shills in any way.

"Neither a borrower nor a lender be."

The lenders, believe it or not, are just as screwed as the borrowers. Neither of them have any real peace of mind.

"Neither a borrower nor a lender be."

Blue Boat's picture

Are you my Dad?

He probably had 1 credit card for convenience sake while traveling but never any debt.

He and Mom raised 4 kids and put all through college on one middle-class income and wound up with about 1 million saved when he died 20 years ago. Pretty impressive and doable if people understand how money works, have some discipline and don't fall prey to "keeping up with the (stupid) Joneses."

Stan Smith's picture

Debt is theoretically less messy than war,  but one can lead to the other.   And vise versa.

shankster's picture

Proverbial 'two peas in the pod'

small axe's picture

One of the beaches near Bill Gates' 66,000 sq ft Seattle home ("Xanadu 2.0") would make an excellent landing zone for an amphibious assault.

sauldaddy's picture

Bill Gates lives on a lake numb nutz.

HRClinton's picture

ON a lake?  Neat trick.

I'd have thought that he'd be BY a lake or sea 

 

holdbuysell's picture

A very interesting and worthwhile read:

The War between the Worlds Landowners

https://philosophyofmetrics.com/the-war-between-the-worlds-land-owners/

putaipan's picture

i went there. said black velvet won't let me do anything but leave it untill teusday...

but i did come back and give ya a little greenie.

Cabreado's picture

Meh... not a peep about a thorougly corrupt and defunct Congress.

Even with a "summary" that says

we need to start addressing the root causes of our problems.

Mr. Snyder, do you understand how the government was designed to work, or do you not care, or are you fine with a new arrangement?