Glenn Beck and David Buckner outline hypothecation and rehypothecation in the following video. This practice is the reason that the world’s debt is actually $1.5 quadrillion (or $1500 trillion) dollars.
The most common reaction to this information: “I can’t comprehend that figure”. So the question is simple: if our debt is so much that we cannot comprehend it, how can we hope to ever pay it off? The answer is also simple: we cannot pay it off and this is the classic definition of indentured servitude otherwise known as slavery.
David DeGerolamo
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