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This plan would be good as it will give a spin to the economy but I doubt that the bankers and their minions are willing to be left with this "pile of debts" in their hands... they will rather see the destruction of the system rather than their own.
Binary Warrior said:This plan would be good as it will give a spin to the economy but I doubt that the bankers and their minions are willing to be left with this "pile of debts" in their hands... they will rather see the destruction of the system rather than their own.
The line that major banks and bankers walk is a precarious one. On the one hand, what they are doing is causing a global economic collapse (which is simply inevitable under the system currently in place) but on the other hand they operate entirely by the grace of the government. If NESARA were declared as law (which is a different thing entirely from being passed as law) the banks would have no choice but to follow, as to stand in open defiance of legislation negates the leniency they enjoy which allows them to work.
If they were to strive for a total collapse, they would still be left with the debts on their hands. Under NESARA, they would still be in business, albeit a far less profitable one than before. The fractal reserve, and debts with it, would cease to exist. Ulcer inducing chaos for an accountant, yes, but ask any accountant which they prefer, a few days of frantic calculation or being lynched by an angry mob, and you'll find that a refreshing majority will prefer survival.
Upon request, I could post my insights into the fractal reserve on this forum, if there is sufficient interest? It would explain why this system is doomed to failure, and any other would have to operate under NESARA principles for there to be any banking future at all.
Or should I start saving bottlecaps? :-)
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