2 definitions by Danbits

Top Definition
A private central bank creates fake money by lending it to your government at interest which in turn forces slaves to pay their taxes with it.

Laws are enforced to protect this fraud.

This fake money is entirely synthetic and manipulable.

Excuses initiate new taxes that are left in place forever. Taxes justify violating privacy and other rights and establish clear slave master relations enforced with violence.

Some is shared with slaves to create dependency, enlist support, and divert attacks toward the dependent instead of the bankers.

Fake money lets them rob slaves of their savings and wages via a hidden tax called inflation which simultaneously enriches the wealthiest.

Fake money makes interest rates manipulable. Bankers can thus give low interest rate loans to their co-criminals and impose high interest rates on their competitors and the poor.

Government budgets become synthetic with no immediate real world limits. Every form of power gets cheap for the central banker and the entire society is corrupted because the honest relationship between real money and work is removed.

Even the collapse is gamed.

Owned politicians tell slaves that we have all put ourselves into a terrible mess. Now we must suffer together as we pay our bills.

Grandma gets less money than she needs to survive. Hospitals enter crisis. Weak currency and growing fraud lay off slaves who are cheated out of the funds they paid into.

These are called Austerity Measures.

Finally it collapses.
Banker-owned politician, "We're all in this together. Austerity measures are a necessary bitter medicine we'll all have to take to get out of this mess."

Greek grandmother, "I haven't eaten since breakfast yesterday."

Banker, "Don't complain lady. My 100 foot yacht might not be built before I have to flee the country."
by Danbits February 08, 2013

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A way propagandists, liars, fraudsters, and their careless repeaters describe theft by banks via fraudulent contracts, that can severely impact municipalities, their residents, small businesses, their employees, and other victims. A word used to take some of the most damaging fraud of our time and make it seem as trivial as a cashier shorting you a nickel or accidentally switching your purchased mango with another customer's bananas. Akin to saying Al Capone was Mis-behaving.
Bob, "Banks have been mis-selling contracts (sometimes via bribes) designed to be far too complex for clients to understand, and to profit themselves greatly at the expense of their clients (victims), sometimes as a result of market information the bank doesn't share (those AAA mortgage-backed derivatives are sacks of shit), or direct market manipulations (LIBOR) by those very banks."

Tim, "Isn't that fraud?"

Bob, "Yes, but let's be gentlemen and call it mis-selling. Here, have an austerity cookie and a pat on the head."

Tim, "Nevermind my bankrupted municipality, crappy services (as there is little money left to pay for them), rising property taxes and rent (renters pay property taxes one step removed), or my being laid off from my job. I've got a cookie! Fuck ya!"
by Danbits February 07, 2013

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