The 11th Round: The Wall St. Crisis and Bailout Bill Explained
Michael Nystrom from Daily Paul and now Voter Bomb has put together a great post that is worth reading. I have pasted the beginning of it here and a link to the entire article on Voter Bomb.
Take the time to read it and then pass it along. Thanks!
The following story illustrates the root cause of our current financial crisis: the flawed and immoral banking system, headed by the private Federal Reserve Bank, which relies on ever expanding debt creation.
Not one in 1,000 understand it, but if you can grasp this, many once confusing aspects about the world we live in will become clear. While the majority of Americans have no understanding of what follows, you can be certain that the bankers at the Federal Reserve and the brokers on Wall Street understand it perfectly.
The story is adapted from the book The Future of Money (pp. 50 – 53) by Bernard Lietar. Your thoughts, comments and discussion are welcomed and appreciated below.
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The Eleventh Round: The Wall St. Crisis and Bailout Bill Explained
Once upon a time in a small village, the citizens used barter to conduct all of their transactions. Every day, people walked through the marketplace with chickens, eggs, hams and bread, and engaged in prolonged haggling and negotiations among themselves to exchange what they needed. However, at key periods of the year, such as harvests or if someone’s barn needed repairs after a big storm, people recalled the old tradition of helping each other out with a sense of generosity and community spirit. They knew that if they had a problem down the road, others would help them in return.
One day, a stranger with shiny black shoes and an elegant black hat came to the village and observed the marketplace with a sardonic smile. When he saw one farmer running around trying to corral the six chickens he wanted to exchange for a big ham, he could not refrain from laughing.
“Poor people,” he muttered under his breath. “So primitive,” he said. The farmer’s wife overhead him and challenged the stranger.
“Do you think you could do a better job handling chickens, stranger?”
“Chickens, no,” he responded. “But there is a much better way to conduct business and eliminate all that distasteful hassle,” he said.
“Oh yes, how so?” asked the woman.
“See that tree there?” the stranger replied. “I will go there and wait for one of you to bring me a large cowhide. Then have every family come visit me. I’ll explain to you the better way.”
And so it happened. He took the cowhide, and cut perfect leather rounds in it, putting an elaborate and graceful stamp on each round. To each family he gave ten rounds, and explained that each round represented the value of one chicken.
“Now you can trade and bargain easily with the rounds instead of the unwieldy chickens,” he explained.
It seemed to make sense. Everyone was impressed by the banker with the shiny shoes and impressive hat.
“By the way,” he said after each family had received their ten rounds, “in one year’s time, I will come back and sit under the same tree. I want each family to bring me back 11 rounds. That 11th round is a token of appreciation for the technological improvement I just made possible in your lives.”
But where will the 11th round come from?” asked the farmer with the six chickens.
“You’ll see,” said the man with a reassuring smile.
>>Read the rest of the article<< for a great analysis and commentary.
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