Posted on 12/01/2001 9:02:46 PM PST by floridarocks
Can someone please explain why we should not abolish the Federal Reserve or explain why lawyers won't discuss the bankruptcy of the corporate US in 1933 the keeps us perpetually indebted to the international bankers. How rich are those Rothschilds anyway? Is there such a thing as kazillion?
It gets even better. The FED doesn't print the notes. the MINT does and they "sell" the notes to the FED at the cost of printing them (2-3c per) and then the CORPORATE UNITED STATES "borrows" it at face value plus interest, which the American people pay & pay & pay. See, this is the sort of ignorance that passes for wisdom on kookburger sites. This reply would have us believe that when the Treasury borrows money, it is in the form of little pieces of green paper that were printed by the mint under contract to the Federal Reserve. Whoever came up with this stuff does not know the difference between "currency" and "money," and seems to imagine that there is a piece of currency out there for every dollar in existence. No one should believe anything said by someone who is that ignorant of how money works. Then we have the implication that the American people are "paying and paying" interest to the Fed on these borrowings. That too is ignorant nonsense, as has been demonstrated earlier in this thread, and dozens of times on earlier threads. These kookburgers simply do not give up spouting the same ignorant lies over and over and over and over, no many how many times people take the trouble to expose their nonsense for what it is. Here's Mikey spouting the same damned crap that's been debunked on this forum a hundred times, and here's facecriminal cheering him on. Everything said in that note is demonstrably false. Those are lies. The people who tell them are liars. |
And there you have it. Your statement was most true during the hunter and gatherer period, but even then it was not totally true. When plants were domesticated, the non-soil GNP skyrocketed. There was lots more stuff to make to cultivate, and lots more stuff to trade.
If they are not authorized to do so, what's your point? The issue is whether the Fed is a centralized authority with unlimited LEGAL powers.
Those that hold treasury bills and bonds, and arguably, the social security trust fund via accounting entries. I'm a holder myself.
Is your primary focus here the origin of matter and energy? This might be the wrong thread for that.
Americans used to have brave hearts and, after building a dream of a country, remained a gutsy people. Apparently, the defining organ is sagging: as we enter the XXI century, you and your fellow abusers of the language and decorum of public discourse identify themselves with the organs of reproduction. This is a remarkable achievement indeed: it elevates one high above the reptiles.
It might cheer you up to know the government debt is close to a post WW II historic low as a percentage of GNP (maybe not if GNP is cut back to only include agriculture and mining). Ain't that grand?
linked from here.
Long but somewhat thought provoking.
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