Major Frauds of Humanity

Every one of us is a thief. That includes YOU and me.

We must expect bad outcomes when we are all stealing from each other every day. We have created a system of stealing and we are all complicit in it.

When new money is created, purchasing power (value) is stolen from every person holding any money.

A simplified example, in an imaginary world which only contains 1000 cows and 1000 units of money, then each person holding a unit of money could buy one cow. The creation of 1000 more units of money (making 2000 units total in world), would cause the price of a cow to increase from 1 to 2 units of money. Thus every person still holding a unit of money would only be able to buy half of a cow, thus half of the value of their money had been magically stolen and transferred to the recipient of that newly created money. The Bible says use only honest weights and measures (Deut 25:15), and specifically gold and silver refined in the fire (Rev 3:18), although it also says this will not be our salvation (Eze 7:19, Hagg 2:8, Mat 6:20, Mat 6:24, Mat 19:21, Ecc 5:12, Luke 9:25, Prov 23:5).

Every person who gets a loan from a bank if a thief. Fractional reserve banking is what banks do. The entire world operates on fractional reserve banking. That means banks loan out money that is about 10 to 100 times more than the money they have on deposit. That means that each new loan creates about 10 to 100 times more money than existed (on deposit) before the loan. Every person who gets a loan from a bank, receives this newly created money, has thus stolen value from every person in the society. As this money is paid back to the bank, the principal is destroyed back into thin air but is continually replaced with new loans 10 to 100 times bank's existing reserves, plus the interest payments increase the bank's reserves, so the bank can create more loans that create 10 to 100 times more money and steal from society. So the borrower is thief, and the bank accumulates the stolen value over time. The borrower steals from himself (and all of society) and pays it to the bank as accumulated interest. The Bible says the borrower is slave to the lender (Prov 22:7).

Every person who saves money in a bank is a thief. The bank saver deposits the reserves that the bank can use to create 10 to 100 times more money than they had on deposit. The bank saver feeds the thievery system. Since the bank is not paying 10 or 100 times interest to the saver, the bank saver is guaranteed to be losing value due to the rate of increase in creation of money from loans (as explained in prior paragraphs) exceeding the saver's interest rate (assuming much of society is doing similarly). The Bible says to come out of the harlot system (Rev 18:4), where harlot means prostitute to usury thievery system desribed herein.

Every person who saves (i.e. loans money) at compound interest rates (bonds, CDs, savings accounts, etc), is a thief. If the entire (or much of) society is invested at compound interest rates, the total amount of money in society must increase by that compound interest rate, otherwise there is not enough money to pay the interest. That is a mathematical fact, just think about it. And it is also proven to be true in reality ( https://www.goldmeasures.com/2008/05/fiat-debt-money-how-it-drives-count... ). Thus all the gain on compound interest rate investments comes from an increase the supply of money, thus a decrease in the value of money and thus erasing the gains in terms of purchasing power. During the 1800s, merely holding gold made savers more wealthy, because there was deflation due to an increase in production relative to the supply of gold. The Bible says to never loan at interest within our own nation (Deut 23:20), and gains in our wealth should come from increasing our production and trade ( https://www.bibleprophesy.org/goldismoney/biblemoney.html ).

Every person who uses insurance (or any other form of future's contract) is a thief. This is a difficult one to understand, and the truth of it is hard to see unless you look at catastrophic or accumulated failure over long periods of time. For example, suppose we decide to protect young families from the early death of the income earner(s), so they pool some money and will pay out to those who die before say age 35. But they have no way to know how much to pay out, unless they can predict the future of how many will die before 35. Even the best actuarial statistics can be subverted, for example the multitudes of life insurance companies that will go bankrupt due to the aforementioned fraud of investing at compound interest, which is now coming to roost in massive devaluation of fiat money relative to gold, silver, and purchasing power. And for every proposed solution, I can explain how nature will subvert man's attempts to predict and control the future. The Bible says do not be surety to another person (Prov 6:1-2, Prov 17:18), do not make promises (1 Cor 7:23), do not worry about the future (Mat 6:25-34, Mat 13:22), and help those in need at their time of need (Prov 19:17, 1 Tim 6:17-19). The Bible says we should not try to be God (2nd Commandment, 1 Samuel 8) and we will suffer the slaughter of women and babies if we do (1 Samuel 15). Also insurance encourages more risky behavior and encourages society to stick their hands in the cookie jar to get more than their "fair share" of the pooled savings. The Bible warns against ganging up to steal from each other, i.e. socialism (Prov 1:11).

Every person who votes or otherwise participates in the creation and expansion of governance is a thief. Governance is always for people who have no capacity to produce, to re-distribute the wealth from those who produce. Need I saw more than every government in the history of civilization has grown as percentage of the private sector economy, until it is forced to steal from and enslave its own citizens. There is never a balance or state-of-equilibrium, but it is always a continual decadence. Government is a form of insurance that tries in ultimate futility to legislate nature and control the future, e.g. to stop sin. Bible says we are given a government to punish us for our sin, i.e. major frauds ( https://silverstockreport.com/2010/caesar.html ).

Those interested in more of my thoughts (I sell nothing):

https://www.google.com/search?q=+site:www.marketoracle.co.uk+marketoracl...

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