The ‘Federal Reserve’ is a private banking cartel. When an elected pr4esident tries to switch the nation over to treasury issued money not compiled through debt to the private banking cartel, that president is assassinated.
Most people don’t understand that debt has become our “money”. I’m having a little trouble talking about this in a simple way, so people (like my children) can understand it.
We are going through paying off credit cards (I know, I know). Every time I drop the balances by several thousand, they mail, they call, they send overnight letters about “special offers” to “increase my spending power”. They’re like HAL talking to Dave in Space Odyssey.
The Federal situation is like that times a billion. The money is no good, so “cutting the spending” OR “leaving our children burdened with debt” are both (almost) meaningless concepts.
Unless and until we have real, constitutional money (so, for example, if I have a dollar someone else doesn’t have it), paying off debt just entails more debt. And it’s gone way, WAY beyond the Federal Reserve. The Fed has outsourced money creation to Goldman Sachs, Bank of America, Citigroup, JP Morgan Chase, etc.
Every time the economy grows, they book OUR debts as THEIR assets. “Paying off the debt” is not possible, and if it were, it would threaten the money center banks with failure.
The debt WILL be renounced, as long as voting is permitted. It’s only a question of when, and if Congress will resume its Constitutional function “to coin money, and regulate the value thereof”.
And if a return to real money “crashes the global financial system”, as cc76 fears, GOOD. I only hope I live to see it.
Some say that is why JFK was assassinated in 1963. He was planning to change the Fed Reserve.
LOL!
treasury issued money not compiled through debt to the private banking cartel
You know that under the gold and silver standard, most money was "debt money"?