If the world banking system is basically an organized crime syndicate, would it be unjust to not pay them?

heres what im wondering. it appears that our spending habits are unsustainable %26amp; our debt will never be paid off with our current way of doing things.



since this debt is created out of thin air and the world banking system (im assuming from everything ive read) violates many peoples rights around the world as are many other multi-national corporations....



what would the consequences be if we told them to f off, we're not paying you %26amp; also we're protecting our citizens homes from being taken with military force if needed?If the world banking system is basically an organized crime syndicate, would it be unjust to not pay them?
"If the world banking system is basically an organized crime syndicate..."



which it is



"what would the consequences be if we told them to f off"



the consequence would be that we would be rid of a class of parasites.



"also we're protecting our citizens homes from being taken with military force if needed?"



You're not understanding the nature of the problem. Military force is controlled by governments, and it is *governments* that are enabling the banks to operate organised crime. Without government statutes making fractional reserve banking legal, it would be illegal - against the law of fraud.



The root of the problem is not banking per se. The business of banking - i.e. putting lenders and borrowers in touch with each other for a fee - is not inherently immoral or criminal. It's a service like any other.



What makes it into a criminal operation is that the banks make loans - ie money subsitutes which operate as money - that are unbacked by money on deposit - ie money in the narrow sense, the stuff on which the money substitutes are based. It is this which enables them to profit from printing money out of thin air.



As I said, under the common law of fraud and contract, fractional reserve banking is illegal. What makes it legal is *government*. Why? Why would government do such a thing?



Because they get a cut of the loot. They can't do it without banks. So the banks and the government on the one hand form a symbiosis; and act parasitically as against everyone else in society on the other.



That's why the problem is hard to fix. If it was just banks doing it, the government could just pass laws making it illegal. The problem is precisely that it is the government that is enabling it and promoting it; and *every* time anyone asks government to fix it, the government says "Sure! I'll fix it! By printing more money!" which is exactly what's happening in the USA and Europe.



The only way to fix it is to stop doing what's causing the problem. Banking must be subject to the ordinary laws against fraud, just like any other business. No special government-granted exemptions. And that means, government's monopoly control of the money supply must be abolished, because THE ONLY reason they want that, is to print money out of thin air.



Once we understand that government does not have clean hands in this business, we can stop falling for fake non-solutions based on government policy, and understand that the only solution is to stop granting ANYONE - including governments - a license to filch from the till.If the world banking system is basically an organized crime syndicate, would it be unjust to not pay them?
There are plenty of ways to be self sufficient. You'd just have to give up some of your conveniences.If the world banking system is basically an organized crime syndicate, would it be unjust to not pay them?
nope

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