Worzels World - Feeding the Debt Dragon

They say (yes it’s them again) that constant stress is one of the biggest causes of death but that occasional stress can be beneficial.

Anger and frustration cause stress. I’ve been around a bit and done a thing or two. Experience, combined with the mellowing passage of years has raised my threshold for anger and frustration. These days it is much more difficult to really piss me off. This is why I so enjoy reading Commissioner Robertson’s column. It does me good to get angry and frustrated now and then.

I’m a little envious really, I fancy myself as a writter of fiction and written some to; very little has been published by any third party. Mr Robertson certainly has a gift for fiction. I’m certain he could write a passable novel but then the writers of novels don’t make $1,400 a day doing it – 50 Shades of Grey and Harry Potter possibly excepted. Nor do they recover publication costs from ratepayers.

All fiction aside, the fact is that foreign interests have their hooks into the Kaipara district to the tune of around $4 million per annum on an ongoing basis. About $2 million of that services a debt manufactured secretly and illegally. I cannot find these figures represented in any of Mr Robertson’s communications.

While everyone complains about foreigners buying farms and excessive immigration, the guys really robbing the district (and country) to the capital equivalent of one large farm per annum don’t even live here. They sit in offices abroad, simply manufacturing debt for suckers like the KDC. It is the greatest fraud ever perpetrated on this district.

If you’re prepared to do the reading and ask a few questions the truth is there – but it is at least ten novels worth and most of it is pretty boring. But then I have the time to read as I don’t have a television.

I will, however, for those who haven’t had time enough away from ‘reality TV’ to study ‘reality life’, explain how it works or more truly how it doesn‘t work. Under a fractional reserve banking system, commercial and trading banks can legally loan up to nine times the value of their deposits. Many banks have been successfully prosecuted for exceeding this. Some of this manufactured money returns to the bank as deposits and the process of money creation continues. This is essentially a licence to print money.

The worlds money supply, as I write, is expanding exponentially. At present 97 percent of money is debt manufactured in this fashion. The money doesn’t exist. It does not represent anything of value like gold or the old pound of sterling silver. It obtains it‘s perceived value by Government decree combined with the baseless but widespread belief that it is worth something.

Most of this money, created out of nothing, goes to the few who create it and other power brokers, including politicians, who allow the scam to continue. Very little finds its way down to paypackets and payouts. This 'New Money', created as debt, is used as a lever to obtain real wealth – land, minerals, infrastructural assets, produce and labour – and is the cause of the inflation endemic in the western world.

For example: The fictitious Joe Bloggs has a modest mortgage of a $150,000 at 6 percent interest. He earns $25 an hour, almost twice the minimum wage. He wakes each morning in debt. One hour of his work each day must go towards paying interest on this debt. If we were to factor in Government tax, property and work expenses then compensate for the fact that he must pay his 'interest' from net income, the total would be more in the realm of 2-3 hours work per day. During this time he effectively works as a slave for those who have done no more to earn it than create a ledger entry. After doing this for a year he wakes in the morning still owing almost all the original $150,000. The word ‘mortgage’ is derived from Latin and translates as ‘Death Grip’.

Those who sign up to feed the debt dragon and fail to provide the stipulated amount of feed must watch the dragon slowly but surely gobble up any and all their assets of real value and finally spit them out into the street. The more the dragon is fed the bigger and hungrier it gets. Growing at its present rate it is on schedule to soon devour the world. The result is a more thorough and oppressive slavery than any dark ages feudal system. Even the meanest slave owner of former ages was obliged to feed his slaves.

This is no longer so.

Fortunately I found out early that bankers are but pawnbrokers of a more anonymous less scrupulous type, and insurance companies are merely bookmakers betting on statistical certainties but who are loath to pay out when they occasionally lose. Raised in more prudent times when the ethic was ‘If you cant afford it, don't buy it,’ I have long been free of the Debt Dragon, only to find that the KDC have illegally and in secret applied this death grip to all it's ratepayers. I invite them to inspect the $52 million loan agreement documents with the now defunct ABN Amro Bank. They will not find my signature on them. „

prof_worzel@ hotmail.com

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