Imaginary Debt

Here is an amusing, fictional anecdote from the pen of my American friend Pat Shannan, that illustrates just how much of an illusion debt truly is…

“It is the month of August; a resort town sits next to the shores of a lake. It is raining, and the little town looks totally deserted. It is in the toughest times since 1934, everybody is in debt, and everybody lives on credit; mostly from each other.

Suddenly, a rich tourist comes to town. ‘Whoo, boy!’ Everyone says to themselves when they spot his limousine. ‘How long can we keep this rich guy in town?’

The limo stops, the back door opens and the bigshot enters the only hotel. He drops a 100-dollar bill on the reception counter, and asks to inspect the rooms upstairs in order to pick one he might like.

The moment the elevator closes taking the new customer upstairs, the hotel proprietor takes the 100-dollar bill and sprints four doors down the sidewalk to pay his debt to the butcher. The butcher takes the 100-dollar bill, and runs out back to pay his debt to the pig farmer. The pig farmer takes the 100-dollar bill, and hurries to pay his debt to the supplier of his feed and fuel. The supplier of feed and fuel takes the 100-dollar bill and hurries to pay his debt to the town’s prostitute that in these hard times, gave her services on credit. The hooker runs to the hotel, and pays off her debt with the 100-dollar bill to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.

It all happened in less than 10 minutes, and the hotel proprietor promptly placed the 100-dollar bill back on the counter so that the rich tourist would not suspect anything.

And it was just in time, too, because only a moment later, the rich tourist came down after inspecting the rooms, picked up his 100-dollar bill, remarked that he did not like any of the rooms, and left town.

No one earned anything. However, the whole town was suddenly without debt, and was looking to the future with a lot of optimism.

And now you have seen a quick snapshot of how the federal government …via the handy Federal Reserve credit machine, operates in our society.” Pat Shannan, ‘Everything They Ever Told Me was a Lie.’ 2010.

The banksters certainly do not have to point a gun at us to get our money. As they own the law and everything else besides, we pay them out of fear of the consequences of non-compliance!