Catch Me If You CanMoney: The Greatest Hoax On Earth
First, decide how much money you would like per week to live on-100.00-$200.00 or 300.00 or what. Then decide when you want your payday to be, daily, weekly, or monthly. For our example we will start with $125.00 a week, and we wish to be paid daily, on weekdays. On Mondaywe write ourselves a check for $25.00, and cash it at the local supermarket; that is our first $25.00,use it, and enjoy it, it is for spending on the good life. Tuesday write a check for $50.00, cash it atthe supermarket, and send $25.00 to the bank to cover the check from Monday, the other $25.00 isfor spending, use it, and enjoy it. Wednesday write a check for $75.00, cash it, and send $50.00 tothe bank and spend the other $25.00. Thursday write a check for $100.00, cash it, send $75.00 to the bank, and the other $25.00 is yours. The life you are leading is good; you decided on $25.00 a day, but you could have $50.00 or $100.00 a day, it is just as easy. You do not have to pledge anythingto qualify for the money. You just write checks, and cash them, and as long as you write a bigger one every day, and send the amount needed to cover the check from the day before to the bank, youcan go on like this. It takes more than one day for the check you write to go from the store whereyou cash it, to its bank, and then through the clearinghouse to your bank for collection. As long asyou make sure youcash a bigger check each day, and deposit the amount necessary to cover the check from the day before, you have got it made.What you are doing is using your "credit-creation" power. When you cash your check at thestore, the cashier believes you have the money in your checking account to cover it, and since your intentions are good, its no use to get sticky about it, you know that by the time the check gets toyour bank for collection, the money will be there, so it's a silly rule to say that you must have themoney on deposit before you write the check. You know you are good for it. You know theTreasury of the United States sells treasury bills to the people before they get the tax collectionsfrom the people to cover them. They do it all the time every day, day in and day out. Why can'tyou?Big corporations, when big loans come due, simply refinance. Well, is that any different,when you have a check due for collection, you simply write a bigger one to cover the one due, and alittle extra to live on; that isn't any different from what big business does each and every day.Writing bigger checks each successive day, it doesn't take long till the check is quite large, and itmight be difficult to cash it at the store, so simply write two checks at that point, and use two stores.You can go on quite a bit longer then before the two of them become large, and you might have tosplit again; but if you just keep your wits about you, you can live like a king, and only have to writechecks and cash them as your only labor expended. All you are doing is using your credit creative powers, and since only you are involved in it, you can decide how much credit to extend to yourself.Our Treasury has been creating bonds for over fifty-eight years (since 1921) at this writing, and isstill going strong. They "cash" the bonds at the bank as collateral for the loans, and they simplycreate more bonds when they need money for interest (writing a bigger check). Our system is even better. You don't have to make a loan, just decide to use your own credit creative power like the bankers do themselves. The banker creates the dollars; there isn't any deposit anywhere with whichto pay them off. They have even a better system. They create it to start with, and use it to buy fromus. We cannot ask them to redeem them, but they insist you send them the money to redeem your check, but then, again, one system is as good as another as long as none of us ever has to pay off thedebt we ring up. There is a debt that accumulates. Just at $25.00 a day at the end of the first year,you would be writing checks in the amount of $6,200.00 a day, going up $25.00 a day from there.