RG, you need more homework
interesting note: without the Fed to bankroll corrupt politicians' global imperialism, our tax rate would probably be close to 60% by now!
Funny how the fed keeps taxpayers in the dark...they dont demand an end to wars because they dont understand the game...they dont realize that 1) the debt is real, 2) the interest that ac ulates is real, and 3) they are completely on the hook for it
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)
“I believe that banking ins utions are more dangerous to our liberties than standing armies.” – Thomas Jefferson
The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham Lincoln
Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands. – Theodore Roosevelt
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson
Years later, reflecting on the major banks’ control in Washington, President Franklin Roosevelt paid this indirect praise to his distant predecessor President Andrew Jackson, who had “killed” the 2nd Bank of the US (an earlier type of the Federal Reserve System). After Jackson’s administration the bankers’ influence was gradually restored and increased, culminating in the passage of the Federal Reserve Act of 1913. Roosevelt knew this history.
The real truth of the matter is,as you and I know, that a financial
element in the large centers has owned the government ever since
the days of Andrew Jackson… -Franklin D. Roosevelt
(in a letter to Colonel House, dated November 21, 1933)
he's absolutely right about the money owed to china being nothing more than numbers in a computer tho. problem is, pretty sure they can demand to withdraw from their accounts and have it in cash at any time they want just like any other bank, which would force us to fire up the printing press right?
A home loan is numbers in a computer. At some point those numbers didnt exist. The Fed pulled them out of its arse. But that wont prevent the bank from leaving you and your fam cold out on the street.
If you think we can sidestep the debt we owe china, your delusional.
no we can't because like i just said, china can ask to withdraw their "numbers in the computer" in cash just like you or i could go withdraw out of our bank accounts, and we'd be forced to start printing it would our economy up.
but from what i understand it would be in neither theirs or our interest to do that though, so it's not like they really have us by the balls
If we crank up the press, that devalues the dollar...and their debt becomes worth drastically less. probably worthless tbh, since we owe them so much. And what prevents an exchange of assets?
This is the that drives countries to war, so its not as easy as just cranking up the press.
why do you keep typing to me as if you're telling me anything different than what i just said?
RG doesnt understand any of this. At least not yet.
You didnt mention the affect on the debt they own, or the possibility of war. If you already knew this then we are in agreement. cool.
none of the mainstream government apologist suckups understand any of this, not because they aren't smart enough but because for some reason or another they can't seem to break their conditioning.
The idea of a central bank and controlling the money supply sounds great on paper and there really are some benefits from doing so, but what people don't understand is that it's a lot of power for a PRIVATE organization to have and it's just downright unamerican.
TBH, we couldnt trust it to politicians either.
it becomes a choice between slow and steady (commodity based), and fiat manipulation by special interests (Fed or US treasury/politicians).
Oh and commodities can be manipulated too.
WH, you should use these same slights and veiled insults with more dim-witted members of your community. You far too diplomatic with the "progressives" on this board imho.
Ive read enough of your posts to know you probably agree with everything I have stated above. Disengenuous bas . lol.
like the op?
lol
You'd be wrong about that, as you are about many things.
boo on shoehorning in hard money woo woo. it barely relates to the question.
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