Posted on 03/10/2005 7:23:53 AM PST by TheNightFly
What if the Fed puts a "carnivore" AI in the system to track the type of transaction and feed it to the FBI,IRS,CIA, etc. ?
Wouldn't worry too much. I doubt anyone at the Fed has this type of expertise and, with this system in place, they wouldn't be able to pay a programmer to do it either!
Bingo! you win the prize for understanding that this is currently how our system (and the system of every other 'civilized' society on the planet) operates.
Another detail to add though... all money (literally ALL money) is in fact created via the extension of credit (it's a long description, but it's true, just trust me at this point).
So all money is initially created as an extension of credit AND (this is important) that extension of credit includes interest.
Thank about that.... there are a many very significant meanings to this, but the primary thing to consider is that in the system as a whole, there is NEVER enough total money in circulation to resolve the total debt. It is mathematically impossible for all individuals to balance their annual accounts at the same time that all governments balance their accounts. It simply cannot happen as there is just not enough "money" in existence to equal the amount of "debt" in existence.
The design of the system requires that debt be over extended and then cancelled at various points in the process.
Now consider the concept of a balanced federal budget. If all the citizens balance their own accounts and there is no trade surplus with other countries, the feds simply can NOT balance their budget without drastically removing "money" from circulation, a LOT of money would be removed from the system and unavailable for extending further credit and fueling commerce.
It's all in the design of any Keynesian economic system and has been from at least 1913.
This is likely one of the more important of all the esoteric topics ordinary citizens could dwell on.
Think about it a bit.
You have known me long enough to know that I usually am.
It has never kept me from being a know-it-all in the past.
Anyway, I just said goodbye to him,,,,,ummm,,until we are on the same thread again soon,,,ummm, yeah, that's it,,until later....
It wasn't because they are new...
Hey Laz...2 years ago, I may have been quick on the Zot. I haven't been in a while....
I didn't post the self-imolation graphic JUST because the person who signed up just to start this thread was a newbie. My first impression of the newbies post is still intact, but it's a good thing to remember not every newb deserves to be zotted. Thanks for your concern.
Who do you think you are, interfering with the duly designated mob? I think you're some sort of newbie troll, pal...
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZOT! 
Also, I'm notorious for posting before I've even read the article. I will seek to use my ZOTS only for good in the future.
No hard feelins'?
'Course not.
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