The Biggest Ponzi Scheme In The History Of The World

truther 7

Michael Snyder

Did you know that you are involved in the most massive Ponzi scheme that has ever existed? To illustrate my point, allow me to tell you a little story. Once upon a time, there was a man named Sam. When he was younger, he had been a very principled young man that had worked incredibly hard and that had built a large number of tremendously successful businesses. He became fabulously wealthy and he accumulated far more gold than anyone else on the planet.

The Biggest Ponzi Scheme In The History Of The World

But when he started to get a little older he forgot the values of his youth. He started making really bad decisions and some of his relatives started to take advantage of him. One particularly devious relative was a nephew named Fred. One day Fred approached his uncle Sam with a scheme that his friends the bankers had come up with. What happened next would change the course of Sam’s life forever.

Even though Sam was the wealthiest man in the world by far, Fred convinced Sam that he could have an even higher standard of living by going into a little bit of debt.  In exchange for IOUs issued by his uncle Sam, Fred would give him paper notes that he printed off on his printing press.  Since the paper notes would be backed by the gold that Sam was holding, everyone would consider them to be valuable.  Sam could take those paper notes and spend them on whatever his heart desired. Uncle Sam started to do this, and he started to become addicted to all of the nice things that those paper notes would buy him.

Fred took the IOUs that he received from his uncle and he auctioned them off to the bankers.  But there was a problem.  The IOUs issued by Uncle Sam had to be paid back with interest. When the time came to pay back the IOUs, Uncle Sam could not afford to pay back the debts, pay the interest on those debts, and buy all of the nice things that he wanted. So Uncle Sam issued even more IOUs than before so that he could get enough notes to pay off his debts.  As time rolled on, this pattern just kept on repeating.  Uncle Sam repeatedly paid off his old debts by taking out even larger new debts.

Meanwhile, since the notes that Uncle Sam was using were backed by gold, everyone else in the world decided to start using them to trade with one another.  This was greatly beneficial to Uncle Sam, because the rest of the world was glad to send him oil, home electronics, plastic trinkets and anything else that Uncle Sam wanted in exchange for his gold-backed notes.

Eventually, however, the rest of the world started to suspect that the number of gold-backed notes that Uncle Sam was issuing far exceeded the amount of gold that Uncle Sam actually had. So the rest of the world started to trade in their notes for gold.

And by that time Uncle Sam definitely did not have enough gold to back up his notes.  Realizing that the scheme was starting to collapse, one day Uncle Sam announced that his notes would no longer be backed by gold.  But he insisted that the rest of the world should continue using his notes because he was the wealthiest man on the planet and everyone should just trust him.

And the rest of the world did continue to trust him, although it wasn’t the same as before.

As Uncle Sam got greedier and greedier, he started to issue IOUs and spend notes at a rate that nobody ever dreamed possible.  The great businesses that Uncle Sam had built when he was younger were starting to decline, and Uncle Sam started buying far more stuff from the rest of the world than they bought from him.  The rest of the world was still glad to take Uncle Sam’s notes because they used them to trade with one another, but they started accumulating far more notes than they actually needed.

Not sure exactly what to do with mountains of these notes, the rest of the world started to loan them back to Uncle Sam.  It eventually got to the point where Uncle Sam owed the rest of the world trillions of these notes.  Even though the notes were losing value at a rate of close to 10 percent a year, Uncle Sam somehow convinced the rest of the world to loan him notes at an average rate of interest of less than 3 percent a year.

One day Uncle Sam woke up and realized that the amount of debt that he owed was now more than 5000 times larger than it was when Fred had first approached him with this ill-fated scheme.  Uncle Sam now owed more than 16 trillion notes to his creditors, and Uncle Sam had already made future financial commitments of 202 trillion notes that he would never be able to pay.  Meanwhile, the notes that Fred had been printing up for Uncle Sam were now worth less than 5 percent of their original value.  Uncle Sam was becoming concerned because some of his other relatives were warning that this whole scheme was about to collapse.

Sadly, Uncle Sam did not listen to them. Uncle Sam knew that if he admitted how fraudulent the financial scheme was, the rest of the world would quit sending him all of the things that he needed in exchange for his notes and they would quit lending his notes back to him at super low interest rates.
And if the rest of the world lost confidence in his notes and quit using them, Uncle Sam knew that his standard of living would go way, way down.  That was something that Uncle Sam could not bear to have happen.

When a financial crisis almost caused the scheme to crash in 2008, a desperate Uncle Sam went to Fred and asked for help. In response, Fred started printing up far more notes than ever before and started directly buying up large amounts of IOUs from Uncle Sam with the notes that he was creating out of thin air.  Fred hoped that the rest of the world would not notice what he was doing.

It seemed to work for a little while, but then an even worse financial crisis came along.  Once again, Uncle Sam started issuing massive amounts of new IOUs and Fred started printing up giant mountains of new notes to try to fix things, but their desperate attempts to keep the system going were to no avail.  The rest of the world started to realize that they had been sucked into a massive Ponzi scheme, and they lost confidence in the notes that Uncle Sam was using.  Suddenly nobody wanted to lend notes to Uncle Sam at super low interest rates anymore, and people started asking for far more notes in exchange for the things that Uncle Sam wanted.

Uncle Sam’s standard of living dropped dramatically.  Since he could no longer flood the world with his notes, Uncle Sam could not continue to consume far, far more wealth than he produced.  Uncle Sam sunk into a deep depression as he watched the scheme fall apart all around him.

Uncle Sam had once been the wealthiest man on the entire planet, but now he was a broke, tired old man that was absolutely drowning in debt.  Unfortunately, once he was down on his luck the rest of the world did not have any compassion for him.  In fact, much of the rest of the world celebrated the downfall of Uncle Sam.

All of this could have been avoided if Uncle Sam had never agreed to Fred’s crazy scheme. And once Uncle Sam made the decision to stop backing his notes with gold, it was only a matter of time before the scheme was going to collapse.

Does this little story sound crazy to you?  It shouldn’t.  The truth is that you are involved in such a scheme right now.  In case you haven’t figured it out, “Uncle Sam” is the United States, the “notes” are U.S. dollars, and “Fred” is the Federal Reserve.

Please share this story with as many people as you can.  Our country is headed for complete and total financial disaster, and we need to get people educated about this while there is still time.

This article first appeared here at the Economic Collapse Blog.

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7 Comments »

  1. National Socialist July 4, 2013 at 8:47 am - Reply

    This defective monetary design will not last long. Still the Silent Jews are still over confident that everything is going to their plan

  2. jgranger June 26, 2013 at 2:12 am - Reply

    That’s weird…This site DOES operate on Eastern China time.

  3. jgranger June 26, 2013 at 2:01 am - Reply

    Fact is; the rest of the world has been playing the same game as Uncle Sam. Hence the Global(not just the U.S.) Economic collapse. Some countries and economic unions are bigger and better organized; can buffer the blowback better than others.

    This could be one of the few good arguments for big,consolidated banking for the current economic weather . But in the end; All of this consolidation is going to bring us all down real hard.

    - The Jews again; really?? What a broken record.

  4. Mark Morth June 25, 2013 at 9:51 am - Reply

    Thank you for publishing this article Mr. Snyder and for exposing the greed that is partially responsible for America’s demise. God has always blessed America because we as a nation have always been an Allie to Israel, but for the first time since I have been alive, I do not believe that we are defending the apple of God’s eye. The future of America hangs in the balance and will be determined by the side we take. We will choose good or evil and if we choose not to chooose then we have chosen evil. May God help America to choose goood!

  5. Stan Sikorski June 24, 2013 at 11:38 pm - Reply

    The jews are all over this one. It is their favorite type of scam – the ol’ usury scam. Adolf Hitler told em to shove it and you see what happened to him. Iran has done it and look what is happening to them. The jews want their blood.

    The jew is the enemy that we must fight. All other ‘conspiracies’ are just smoke and mirrors, that if you know your history and aren’t blocked by jew thought that has been programmed into everyone since grade school, you can draw a direct line to the jew from any of them.

    “Anti-Semitism” (Not even a real word. If it were it would mean I hate Arabs, whom are Semites, but I don’t) is caused by jews. It is when you realize and understand just what a danger they are to the rest of us that it ‘afflicts’ you. You dare to speak up and even your own people call you a hater because they are full of the jew’s coolaid or too scared to speak out themselves for fear of being labeled a ‘Nazi’ or ‘racist’. Jews are a race? YES they are, under the guise of a religion. But their religion is to dominate the rest of us through any means possible – by deception, lies and murder.

    Free yourselves and each other. Know the jew for what it really is and what it means to let them run roughshod over our planet, controlling all we see and do. Watch the movie “They Live” and replace jews with the aliens. It’s not hard to do since jews are alien to the rest of us. We want to live in peace and be prosperous. They do too, but on our backs and with our blood.

    • Regina Igors June 25, 2013 at 1:51 am - Reply

      I am happy to say, that this is the most accurate and concise article that we can every read, WITH THE TRUTH behind it. Thank You, for writing and presenting it to all Americans. Although such a large percentage of Americans have been BLOCKED BY jew THOUGHT for their entire lives… perhaps they will sit down and see the video of the History of Germany and the financial ruin of America, and read this article, and come to some type of reasoning, in order to help this country and their Descendants. We can only hope…. that is… if they stop bouncing around and wanting the good life, only, and let someone else handle everything. Compliments to Persons such as yourself.

  6. common law p.a.g. Chris June 24, 2013 at 10:22 pm - Reply

    U.N.c EL Sam I EL!

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