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Home Alternative News News Video: Perpetual Debt - The Essence Of The Banking Industry

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"Video: Perpetual Debt - The Essence Of The Banking Industry" is a great form of education that shows precisely the true function of the banking industry and the very essence of banking - to create perpetual debt. "Video: Perpetual Debt - The Essence Of The Banking Industry" can help to make important step forward in changing our minds and our culture for the better. We're living in the world where debt pretends to be wealth and the bankers are the gateway to creating debt so they make money on every debt that is created. It all works until the debt cannot be serviced and then that debt wealth that was created by debt turns into just debt. That is why the US, EU and other governments of the world bailed out the banks, since if they had not then the bankers would have been exposed as insolvent. So the world taxpayers got saddled with the bankers debt and the banker win. They not only got their own debts paid off but also got new debtors who must now service that debt. Here's the transcript of video:

 

But why is the bank committing so much capital and resources to the sale of these missiles?

It's a test. Small arms are the only weapons used in 99 percent of the world’s conflicts and no one has the capacity to manufacture them faster and cheaper than China. What Skarssen is attempting to do is to make the IBBC the exclusive broker of Chinese small arms to the Third World. And the missile deal is the gateway transaction.

Yeah, but billions of dollars invested simply to be a broker? There can't be much profit for them.

No, this is not about making profit from weapon sales. It's about control.

Control the flow of weapons, control the conflict?

No, no, no. The IBBC is a bank. Their objective isn't to control the conflict, it's to control the debt that the conflict produces. You see, the real value of a conflict, the true value is in the debt that it creates. You control the debt - you control everything. You find this upsetting, yes? But this is the very essence of the banking industry, to make us all - whether we be nations or individuals, slaves to debt.