Posted on 06/18/2007 7:12:19 PM PDT by BlackJack
After submitting the bill, Ron Paul went home to drink his nightly glass of colloidal silver, after which he continued his life’s work of burying guns and ammunition in his backyard.
Whatever is hidden in darkness will be brought to light. It was a promise to us and God is doing his part, are we doing ours. Ugliness just does not get anywhere with him.
Ugly comments are only going to help Hillary win the presidency because it causes people to shut the door and not even listen to any republican viewpoint. If people feel disenfranchised they just will not vote and then where will we be if half of our party stays home.
I would think that a free market would set rates in Capitalism.
I would think that business (and all business who wish to compete, must bring what is best for the customer to the table) but I would think that businesses wishing to serve their customer's the best deal could compete for the lower rates better the the Feds could dictate what those rates should be.
Maybe I am wrong. So, I appreciate your input.
But I am going to bed now, and I hope to discuss this later.
Thanks,
DTD
Does that mean I can issue my own money?
(Any takers for my own $500,000 ultradollar bill?)
I’ll even be gracious and accept 100,000 of those worthless ‘Federal Reserve Notes’ for it...
A 5 for 1 advantage!
Yes the Fed caused the depression by tighter money. They were
raising rates into the 30’s when they should have done the opposite.
Bankers burst bubbles they create so the rich can buy assets cheap.
Look what happened to Argentina. When the Argentines got
democracy the people voted for politicians who promised more
goodies for free and the IMF loaned them money until they
could not even pay the interest on their debt and the currency
crashed. Then all the land, farms and mines were on 50% fire
sale to foreigners who had hard currency.
The FRS is not authorized by the constitution.
The IRS was never ratified.
Jefferson:
“If the American people ever allow private banks to control the issue of our currency, first by inflation, then by deflation, the banks and the corporations that will grow up will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing of power should be taken from the banks and restored to the people, to whom it properly belongs.”
When the USG runs say a $500 billion budget deficit...the congress
issues bonds that future generations have to pay interest on.
These days our interest payments on that debt is about $400 billion.
Our tax money pays that interest.
The treasury should issue money by spending it into the economy.
In other words if we have a $500 billion budget shortfall the treasury
should create that money the USG needs to pay its bills. No debt...
no interest has to be paid.
If we abolish the Fed, the treasury can.. over a period of years...
create money to buy back our bonds so future generations don’t
have to pay interest.
Jefferson said that if there was one thing he could change in the
constitution it would be to forbid the USGuv from going into debt.
The Fed creates the money. Thats where the power is.
The power to control money supply.
Go back and look at the Fed actions surrounding the collapse of LTCM in August, 1998. Then draw a regression fit line on the SP500 up until September, 1998. Then draw another regression line on the SP500 from October, 1990 until March 2000.
There’s your answer.
Jackson's policies led to the Panic of 1837 and the second worst depression in our history.
The bankers tried to assasinate him...but the killer had 2 pistols and they both misfired!
The man was mentally ill and thought Jackson had prevented him from becoming the king of England.
Read my tag line.
That’s not an answer. I do remember the Treasury intervened to try to make the dollar weaker at that time, to help matters. You’ll have to come up with some real numbers to have a real answer.
Unfortunately, that state of affairs didn’t last too long.
CA....
The US Bank crashed the economy to punish Jackson for
refusing to renew the charter. You are reading establishment
history.
The assasin after the trial (where the judge got him off) bragged that
european bankers had promised him he would beat any charges.
Notice something about your issues with the Fed? They end in the 1970s. For the past 35 years, the Fed has had an excellent record of making recessions rare and mild. And the past 35 years have had the most consistent economic growth in US history, if not world history. Don’t f’ with something that ain’t broken.
Quote from GEORGE W. MALLONE, U.S. Senator (Nevada), speaking before Congress in 1957:
“I believe that if the people of this nation fully understood what Congress has done to them over the last 49 years, they would move on Washington; they would not wait for an election... It adds up to a preconceived plan to destroy the economic and social independence of the United States!”
Quote from: HENRY FORD:
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
AMERICAN MERCURY MAGAZINE, December 1957, pg. 92. “The invisible Money Power is working to control and enslave mankind. It financed Communism, Facism, Marxism, Zionism and Socialism. All of these are directed to making the United States a member of World Government...”
RUSSELL MUNK, Assistant General Counsel, Dept. of the Treasury, in a 1977 letter admitted: “Federal Reserve Notes Are Not Dollars.”
it would be intersting...
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