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To: veracious
True Sovereign debt is the issue.

But the Federal Reserve didn't create that debt, congress did. The Federal Reserve is the only group up there doing exactly what they are supposed to be doing and what the country needs from them.

The Federal Reserve doesn't buy federal securities so congress can run up the debt. They started buying them only once unemployment started soaring, and then to bring interest down, to get the economy back on track. Not doing so, would kill the patient in order to show congress they shouldn't have run up the debt like that.

Congress, the President, and the Judiciary have lost sight of our values.

And if you think Congress won't continue to borrow money on a gold standard and promise that your children will repay foreigners with gold, you better think again.

33 posted on 07/25/2012 11:23:14 AM PDT by DannyTN
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To: All
Congress is only part of the problem. They and Reserve are like two drunks propping each other up. The configuration enables each to point to the other as the problem. Congress owns the issue via the USC but is deliberately obfuscating this with the Reserve. Further the Reserve uses the full good faith of USAians to it own benefit.

It is beyond belief that such a special group of people exist. They loan money they don't have and it must be paid back in real money. Let me see, if the _reserve_ rate is say %5, they have made 95%, even without the interest. Completely anti-Bible. If I tried to loan this way I'd be put in jail, so should they.

36 posted on 07/25/2012 11:42:18 AM PDT by veracious
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