SCIENCE
POLITICS
DRUGS
CULTURE
MOVIES
GAMING
|
|
|
SCIENCE
POLITICS
DRUGS
CULTURE
MOVIES
GAMING
|
|
POLITICSKUCINICH: destroy the federal reserve“Washington needs to understand how we’ve been mired in debt & are staying there with the help of this fractional reserve bank. Questions must be raised about why did we give up our control of being able to issue money - why did we give it to the federal reserve?”58 Comments »Leave a comment |
More stories:
|
This is one of the web’s most interesting stories on Fri 15th Feb 2008…
These are the web’s most talked about URLs on Fri 15th Feb 2008. The current winner is …..
Trackback by purrl.net |** urls that purr **| — February 15, 2008 @ 2:04 am
Oh come on. The Federal Reserve is not the bugbear everyone needs to fear — prior to the Fed, any bank could issue money. In fact, the TREASURY prints money. The Fed only decides at what interest rate it should be lent to commercial banks. That, and what amount those banks should hold in reserve. The Fed isn’t an evil machine that just cranks out dollar bills — in fact, the current obsession with inflation is rooted in just the opposite philosophy. We are in danger of DEFLATION, a very real downward spiral of asset value.
Hire me and I will make sure your investors don’t get sucked into the coming vortex. Think Japan 1980s, where, by the 90s, the real rate of return was -2%. You couldn’t GIVE AWAY money.
It can happen here. Why do you think the Oil Countries want to price in Euro? Do you think the E.U. was not ahead of the curve by creating an alternative to the dollar? There’s high demand for it.
Comment by tom termini — February 15, 2008 @ 2:04 am
Gee whiz Dennis, how long have you been in Congress? Let’s see you do something drastic about it, not just tease us with the “Questions must be raised…” crap.
Comment by concerned patriot — February 15, 2008 @ 2:05 am
OMG
http://www.spymac.com/details/?2343772
Comment by concerned patriot — February 15, 2008 @ 2:09 am
Kucinich is exactly right. tom termini, you’re dead wrong about this.
In order to set interest rates, the Federal Reserve needs the ability to print money.
Why does a private bank get to print money? Why do I have to work everyday while a bunch of bankers can just print the money and spend it?
I never thought I could get behind Dennis Kucinich, but it appears I just did.
Comment by Oliver — February 15, 2008 @ 2:14 am
The only entity that should be making money from the creation of money is the Government
Comment by knoeng — February 15, 2008 @ 2:20 am
tom, comments like that will probably land you work in politics, because it’s full of ignorance about our money supply. There are other ways to create money other than just letting the treasury print it. If you lower the interest rates, it cost banks less to borrow. So they borrow more money, and then they lend it to people. This money lending essentially increased the money supply. If you create more money than you actually produced, you have inflation. To say we are in danger of deflation, you must not follow the news much and must be very ignorant of all economic activities and lack every understanding of economic teachings. Also, deciding the reserve requirement essentially decides the money supply. If reserve requirement was 100%, then banks can only use people’s money from savings accounts, and not checking or other liquid accounts. Change the reserve, you change the money supply. Prior to the Fed, despite banks having troubles from time to time, we still had the most economic stability in our history. I hope you dont vote, because uninformed voters are what causes the real downward spiral of our republic.
Comment by spamme — February 15, 2008 @ 2:21 am
What American Republic…man you’re an oligarchy by far now.
Keep teasing yourself you’re republic.
We (the rest of the world) know you’re no republic, but an family rueld empire.
Comment by Madmartigan — February 15, 2008 @ 2:26 am
The solution here is simple, have a 100% reserve banking system where only savings and other nonliquid interest paying accounts could be used by the banks to lend to people. Banks now have to actually pay people who save, and make it more costly for people who borrow. It’s simple, we have a lot of bad investments, hence the subprime mortgage crisis where money is too easy and people lend to people with risky credit. If money was harder to come by, we would only lend to people who will be able to make the most out of the money with good capital investments that makes sense, and not just throw money at everything. It’s that simple, 100% reserve banking, Milton Friedman was one of the advocates for this system, and yea he knows more about economics than anyone here.
Comment by spamme — February 15, 2008 @ 2:26 am
madmartigan, that’s arguable, but I really don’t disagree with you much there. Like I said, this republic is in a downward spiral, maybe to a point where it is no longer a republic…that’s arguable, but you won’t hear much of it from me.
Comment by spamme — February 15, 2008 @ 2:28 am
Tom, you have zero clue what you’re talking about…
Comment by spamme — February 15, 2008 @ 2:30 am
there needs to be a Paul/Kucinich 3rd party run.. the revolution party!
Comment by spamme — February 15, 2008 @ 2:31 am
But you see, if you’re ruling class keep convincing you that you have some kind of power, you empower them, thus you fear them. USA (america is much bigger than just the USA, ((ask a canadian)). I have several American friends that I really appreciate, but the big issue with your crisis and the economical trouble you have is your way of thinking. The FED does not have to save your dollars, your savings or your shares. The Federal Bank should protect the economic trends of a nation, on the “long term”, but as several say over there, the big “families” are concerned, the investments and interests groups are concernd, and you have a FED who obliges the big fishes, on the cost and on the lives of the smaller ones. You should look more onto European systems, they handle it pretty well. (if not check the Euro)
Comment by Madmartigan — February 15, 2008 @ 2:33 am
hey why is everyone using the spamme name? though I guess it makes sense :P comments 10,11,12 is not from the same person
Comment by spamme — February 15, 2008 @ 2:34 am
“In order to set interest rates, the Federal Reserve needs the ability to print money.”
I thought the Fed controls interest rate by buying and selling money on the market.
If it’s done through printing, wouldn’t that mean they can only expand the money supply, not contract? Well, unless they can burn the money I suppose, but that’d be illegal.
Comment by Clark — February 15, 2008 @ 2:34 am
The issue is not who prints the money.
It’s who gives the value (intrinsical and real) to the piece of paper, coin or share.
You see…ignorance is your greatest flaw, pride is the second.
And still and all, I wish you have better sense because the world economy (that is mine too) depends on you having a better management.
But, a sad story is that you have a Cowboy for president and a ‘Texas Ranger’ bully for FEDBANK head.
Comment by Madmartigan — February 15, 2008 @ 2:38 am
No one says the Fed have to save our dollar, we are saying the Fed are the cause for the dollar depreciation. Paul Volcker was different in many ways, he did save the dollar by increasing interest rates as much as 300% to maybe about 20-30%. That stabilized the dollar fast, of course we also had a recession as a result. Now we have a recession and inflation, the worst of both worlds. The point is, you are missing the point madmartigan, the federal reserve should not exist at all, not the Fed should protect the economic trends of a nation. There are indeed market failures, and the banking system isn’t one of them.
Comment by spamme — February 15, 2008 @ 2:40 am
AMEN…Sir
In that you are right, but don’t you mix up the Reserves and the feds? Who manages the one and the other?
Your reservs “on paper” are not a bad idea. It’s just as everywhere…they are being missused, abused and overused.
As the ‘brits’ use to say of americans in the IIWW… Overfed, Overpaid and Overhere… Worth thinkin’ about.
GOOD NIGHT FOLKS AND GOOD LUCK
PD. My condolences for yet another school shoutings, it’s the OK corral again and again.
Comment by Madmartigan — February 15, 2008 @ 2:44 am
Learn about the Federal Reserve. Watch “America: Freedom to Fascism”, a powerful film by a great producer, Aaron Russo. To view this amazing documentary that every Amercan should watch, Go to http://video.google.com/videoplay?docid=-1656880303867390173
Comment by Drema — February 15, 2008 @ 2:45 am
It seems like no one commenting on this site really understands how the federal reserve system of banking works. The Federal Funds rate is a target rate set by the Fed. This is the rate that is most frequently discussed. This is the rate that they - the fed - want overnight loans between banks to be. This is achieved by increasing or decreasing the supply of money in the system. It’s a matter of economics that as the quantity demanded for a good, i.e. money, increases, that the price, i.e. interest rate, will increase until it reaches some equilibrium. They essentially try to match the money supply in the system to the value of goods and services in the economy so that the dollar does not depreciate or appreciate in value.
Comment by David — February 15, 2008 @ 2:59 am
Clark, ever since the Fed Rev act of 1913, the Federal Reserve have been the people who issues the banknotes, or what we see today now. It has the U.S. Treasury stamp on it, but they are all issued by the Fed. You are right, open market operations is how they change the interest rates, but they can also issue banknotes too.
Comment by spamme — February 15, 2008 @ 3:02 am
David, I don’t think you understand the other powers that the federal reserve has, such as the power to issue banknotes. They create liabilities that the government is obligated to pay for. They can use the open market to buy and sell securities to affect the rate, right. They can also set the discount rate, the rate that banks can borrow from the Fed.
Comment by spamme — February 15, 2008 @ 3:22 am
Read the monster of Jeckyl island. Ron Paul did, his comments are on the back cover. I would like money to be backed by gold or precious metals. Otherwise, the government creates a hidden tax by borrowing more money which is the real cause of inflation. The real shenanigans are happening in the Fed and world bank, which are private, unaudited corporations whose sole purpose is to enslave you and me into servitude, manipulate the leaders of the world, and continue their power. What do men in power always want? More Power!
Comment by reminderville — February 15, 2008 @ 3:29 am
“I would like money to be backed by gold or precious metals.”
Wouldn’t that give countries who produce more gold or precious metals the upper hand? I am no expert, but last I heard, the Chinese is one of the countries that produce more gold.
If that’s true, I don’t imagine that’ll work in favor of the States.
Not to mention natural resources will eventually be depleted.
Comment by Clark — February 15, 2008 @ 3:47 am
I have no idea where I stand on the FED. Initially I don’t trust it because its a private corp. however the definition of Federal = gov. ie of and by the people. Strike 1. So I go online and try to research it myself. The “legitimate” info on the Fed is layered in economic speak which is hard for me to understand and other sources generally conclude, “it works so don’t question it.” Strike 2.
On the other hand all the “conspiracy” sites offer tons and tons of information about the FED. Its overwhelming.
I met a granola hippie chick at a party (she arrived in her $$$ BMW…odd but this is SF, CA) who used to work for the FED. I asked her, “Excuse me SOandSo, I heard you used to work for the FED?” she quickly retorted, “YES the FED is Evil and responsible for why your life sucks.” To which I laughed politely but inside was like OK fuck you too, aren’t you a pleasant bitch.
The unfortunate thing about following all the conspiracy theory stuff is that it all leads to a group of old white extremely rich men in a room plotting how to make us all indentured servants.
I just don’t think its that simple.
Comment by NaySent — February 15, 2008 @ 4:00 am
Fuck the fed, they’ve already fucked us!
Comment by Troy — February 15, 2008 @ 4:09 am
Why do americans trust their money/inflation in a “reserve” that isn’t even part of the government
Comment by Ben — February 15, 2008 @ 4:22 am
ZEITGEIST, The Movie - Official Release - Full Film
http://video.google.com/videoplay?docid=5547481422995115331
Parts 2 and 3 are what your after.
Comment by hylas — February 15, 2008 @ 4:40 am
Leave a comment
Comment by Leave a comment — February 15, 2008 @ 4:42 am
More proof that Kucinich is an idiot that needs to be replaced by a responsible representative who understands the issues that face us.
Comment by VBDon — February 15, 2008 @ 5:04 am
VBDon, DK is exactly on the ‘money’. you want to keep America in shit and it’s people like yourself that will make it worse. Misery really does love company ..
Comment by Anonymous — February 15, 2008 @ 5:22 am
This is very true. The fed reserve is not even Federal. It is a practically owned central banking system with a monopoly on the US currency.
Zeitgeist.com this website shows the movie which explains the truth behind our government and talks about religion. Once u get past the religion it gets even more interesting. Explaining more about the fed reserve and how it works and came itto effect.
Comment by stuman — February 15, 2008 @ 5:27 am
His wife is HOT!!
Comment by Dmn — February 15, 2008 @ 5:32 am
The problem is not specifically that the Fed can inflate the dollar, or that the Fed prints too much money, per se. The real problem is that some entity has monopoly ability to do that. Nobody should have monopoly control over any aspect of a currency’s value. There must be competition, to find the best currency-manager.
The real solution is to allow competing currencies within the US. Why is this the real solution? Think of it as private and public competing Feds: some will do a better job than others, and most folks will gravitate to the Feds that do the best job maintaining the value of its currency, because it’s THEIR money!
Yeah, we’d have to endure the “chaos” of having different currencies with different values. Oh, the horror! No big deal. The newspapers will publish the rates every day, and people will make the approximate calculations they’ve always made in those situ’s. Every cellphone will come with free apps which convert anything to anything. Automated, big volume stuff like VISA credit and the stock market already deal with dozens of different currencies, they’ll add this in their sleep.
The real benefit: rock-solid HARD currency, like we haven’t seen in decades. Rejection-proof by oil-producing countries, etc, etc. It’s the progressive answer to the Fed question, because the debasement of currency hurts those most who have the least. This will stop all voluntary debasement of the currency (except to the extent that some folks restrict themselves to the weaker currencies in the competition I’m campaigning for).
Remember, it’s not like the Euro is a hard currency either. They’re just another centrally-managed currency.
By the way, some of these competitors could try backing their offered currency with gold. But they’d have to buy the gold first. The competition may rest significantly on which ones buy the most gold (and on their fractional-reserve policy, if any).
Comment by spork — February 15, 2008 @ 8:43 am
Hey Tom Termini.. you got it the wrong way. The thing is — when the government needs money, it has to borrow it from the Fed. With interest. Now, someday it has to pay the debt back. It is pretty impossible to do if the only way to get money is to lend it from the Fed in the first place. With interest. Are You following me?:)
Comment by i am — February 15, 2008 @ 10:22 am
[…] why gave up our control of being able to issue money - why did we give it to the federal reserve?”read more | digg […]
Pingback by Jonathon Zone » Blog Archive » KUCINICH: destroy the federal reserve — February 15, 2008 @ 10:41 am
Search for Money Masters on google video.
This is THE biggest fraud and conspiracy
against the american people. All other tyranny
against the people start with this one.
Every politician or one campaining for office
should vow to end the Federal Reserve and
the IRS. If they don’t, then THEY are with
the bankers and part of the conspiracy.
Go ahead and ask a politican about this.
If they seem indifferent or try to skirt
the answer, they are just as evil as
the bankers are using you as slaves.
Comment by Paul Revere — February 15, 2008 @ 11:18 am
Primary reason I voted for Ron Paul…
Comment by FLC — February 15, 2008 @ 12:13 pm
[…] be raised about why did we why gave up our control of being able to issue… newswithdrawal.com http://newswithdrawal.com/2008/kucinich-destroy-the-federal-reserve/ Related […]
Pingback by KUCINICH: destroy the federal reserve | politikly.com — February 15, 2008 @ 2:57 pm
All of you guys advising us to go to 100% reserve banking are also missing an important point.
The bank must be able to make a profit (somewhat) off of the money they are storing and loaning. They have to pay their employees and they have to want to do business. If you strip away the profit, the banks would have no desire to do business. Therefore there would be no banks whatsoever. Would you want everyone in america to store thousands of dollars inside their mattresses? The banks must be given some leeway to make a profit, however the extreme fractional reserve system we have in place is out of hand. We have to limit the amount of loaned money based on reserves at hand. 1.5 or 2 to 1 is fair. I think currently we have 9 to 1 or more.
Comment by Chris — February 15, 2008 @ 3:32 pm
WE live in a fiat currency govt.
The fed prints all the money and loans it to the gov’t WITH interest… So knowing this… All money printed is printed with debt already attached. Therefore society is always doomed to be in debt to the fed as it is impossible to ever pay back fully when the fed is the only source of imcome for the country. Think about it..
If your stumped… get and watch the movie “The creature from Jekyll Island” this movie will explain it all for you in detail!
Comment by Gomer — February 15, 2008 @ 3:52 pm
It’s true, the federal reserve system could use some reform, after all it’s outdated. However, going back to a completely gold backed standard is not the way to go. The amount of money circulating in the US compared to the amount of gold actually in existence is extraordinarily higher. Ron Paul is wrong about backing the money in the US with gold, because it’s systematically impossible and would cause a depression far greater than anyone has ever seen.
Still, the system could use some reform, but that’s the great thing about our democracy. If enough of an outcry is voiced about anything, the people can change it. The fact that some people completely give up on our country because of the bad decisions that one leader makes (as zeitgest implies with it’s conspiracy after conspiracy such as World War II was about money, I could go on and on about that film), is absolutely wrong.
If the people want change, let your voice be heard and change it. Go out and do some marches, some demonstrations. Don’t just give up on a system that has been working, through the best and worst of times, for over 230 years. Change is the key to getting things done, not revolution!
Comment by Dave — February 15, 2008 @ 5:06 pm
Thank you Dennis, this is the overriding issue of our time. Theoretically the Fed may have been a good idea, but the simple fact is that is is now run by an elite cabal of internationalist financeers as evidenced by the fact the congressional members of the banking committee do not even have access to its meetings.
For anyone who cares about democracy this is troublesome to say the least. People who have no accountability to the general populace are making decisions that affect all of us.
The Media cannot understand that this was the real reason for Ron Paul’s support - not merely his anti-war stance. I would be happy to support Kucinich if he begins to speak truth to power on this issue.
There is no excuse for those who try to justify the Fed. Certainly Ron Paul’s gold standard wouldn’t work and certain kinds of debt are acceptable in an economy but what we have now is a government bought buy the elites through the fed. If you think Bush or any other president really has a choice about who they appoint as Fed chairman, watch out for bridge salesmen!
Comment by DarthBrooks — February 15, 2008 @ 8:07 pm
a good documentary about how money is created
http://video.google.com/videoplay?docid=-9050474362583451279
Comment by James Elder — February 15, 2008 @ 10:47 pm
I seem to be the only person who is backing 100% reserve here. Banks can still make a profit, like I said, 100% reserve does not mean they banks can not lend money out at all, rather it is only for checking accounts and other highly liquid accounts. They can loan out most of the money from savings account, and other nonliquid accounts like CD and money market. Also, Ron Paul said he would actually make gold and silver a competing currency on one of the interview I saw, because he said the changes would be too dramatic otherwise. Anyways, gold can still be hard currency, its value will just go sky high to represent the all goods produced. One thing is clear, gold has always been a good currency since human civilization.
Comment by spamme — February 16, 2008 @ 12:14 am
My head’s a spinning from the world’s spin. REALITY is a laugh from another POV -laugh a lot http://www.spymac.com/hop?id=2344358
hehehe Have a great Sunday…laugh a lot
Comment by diggers — February 17, 2008 @ 6:55 am
“This Act (the Federal Reserve Act, Dec. 23rd 1913) establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs the Bill, the invisible government of the Monetary Power will be legalised… The worst legislative crime of the ages is perpetrated by this banking and currency Bill.” - Congressman Charles Lindbergh Sr.
“When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is - The Fed has usurped the government!!” - Congressman Louis T. McFadden
Comment by Dirk — February 18, 2008 @ 7:28 pm
“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.” - Barry Goldwater
“Let me issue and control a nation’s money and I care not who writes the laws.” - Mayer Amschel Rothschild
Comment by Dirk — February 18, 2008 @ 7:29 pm
“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations that will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” - Thomas Jefferson
“Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes such as mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create money and control credit.” - Sir Josiah Stamp - Director of Bank of England
Comment by Dirk — February 18, 2008 @ 7:30 pm
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.” - Woodrow Wilson, referring to the Federal Reserve System
“Whoever controls the volume of money in any country is absolute master of all industry and commerce.” - James A. Garfield
Comment by Dirk — February 18, 2008 @ 7:31 pm
“Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” - Woodrow Wilson
“The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen….At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties.” John F. Hylan, New York City Mayor 1922
“From the days of Sparticus, Wieskhopf, Karl Marx, Trotsky, Rosa Luxemberg, and Emma Goldman, this world conspiracy has been steadily growing. This conspiracy played a definite recognizable role in the tragedy of the French revolution. It has been the mainspring of every subversive movement during the 19th century. And now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their head and have become the undisputed masters of that enormous empire.” Winston Churchill 1922
Comment by Dirk — February 18, 2008 @ 7:32 pm
“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.” – Franklin D. Roosevelt
“The real rulers of Washington are invisible and exercise power from behind the scenes.” - Felix Frankfurter - Supreme Court Justice
“The world is governed by very different personages from what is imagined by those who are not behind the scenes.” – Benjamin Disraeli
Comment by Dirk — February 18, 2008 @ 7:33 pm
“For we are opposed, around the world, by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence; on infiltration instead of invasion; on subversion instead of elections, on intimidation instead of free choice; on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific, and political operations. Its preparations are concealed not published. Its mistakes are buried, not headlined, its dissenters are silenced, not praised; no expenditure is questioned, no rumor is printed, no secret is revealed. It conducts the cold war, in short, with a wartime discipline no democracy would ever hope to wish to match.” John F. Kennedy
“The high office of President has been used to foment a plot to destroy the American’s freedom, and before I leave office I must inform the citizen of his plight.” - John F. Kennedy
Comment by Dirk — February 18, 2008 @ 7:33 pm
I would like to direct all of you to a good resource for information on the Fed.Please go to Zeightgeistmovie.com.You can download it for free.Also search congressman McFadden and his adress to the US Senate.
Comment by justone — March 4, 2008 @ 6:19 pm
Money is a broken human invention.
Comment by Mike — March 5, 2008 @ 4:23 am
The Federal Reserve is a PRIVATE bank. Plain and simple, it is a business, and is FOR profit. Why do you think it LOANS money out at INTEREST? If the FED was a government agency/entity it wouldn’t be charging our government for money. The sad thing about all this is that Congress can issue its own money, but sadly lets a privately owned bank do it which drowns us into more debt.
“The Fed isn’t an evil machine that just cranks out dollar bills — in fact, the current obsession with inflation is rooted in just the opposite philosophy. We are in danger of DEFLATION, a very real downward spiral of asset value.”
It does just crank out dollar bills. If it doesn’t then where is the true value of the dollar invested in? Bills and coins like the U.S. dollar and U.S. quarter are worth nothing. They are backed by nothing. Gold used to back our dollars. In the time Lincoln was president paper money didn’t have any value either BUT it did not carry any debt unlike the dollars circulated by the FED today.
Our assets are not what is losing value. The dollar is losing its value. There is nothing to back it like gold or silver. If you went to a bank today and expected your money to be redeemable in gold you would be laughed out of the building. There are too many bills circulating and it holds no value. Money that is just created out of thin air. Look at all the Presidents that have been assassinated and you will see a trend you could never imagine. Jackson, although he was not killed, survived his assassination because the guns used to try to kill him both misfired. Lincoln and Kennedy were both killed because they knew of the problems a privately held central bank (Federal Reserve) would bring upon our country. Just when they were ready to pass bills to abolish/repeal bank charters and the FED they were killed.
Congress AKA the Government of the U.S. should be coining money. It would be DEBT FREE money.
Institutions like the Federal Reserve, The Bank of England and other FOR PROFIT CENTRAL BANKS are the main problems we should be condemning.
Get your story straight.
Comment by RE: to tom termini — May 24, 2008 @ 11:25 pm
I can’t wait to eat the flesh of every fat cat in washington!!!!!!!!!!!!!!!!!!!!
Comment by Steve JohnSON — June 2, 2008 @ 1:14 am
No worries. As soon as the Federal Reserve devalues the dollar to the amount of the peso and the loon, they will discontinue the US Dollar and introduce the already minted coins, and the already printed bills called the “Amero”. Introducing the North American Union.
The money is ready for distribution, but need a little more time for completion.
The Federal Reserve will never be dismantled, and the Amendments that allow it will never be repealed.
As witnessed by all those who remember Abraham Lincoln - killed by order of the bankers, Thomas Jefferson - ordered killed but both guns jammed and the shooter after 1 year of incarceration was released and went back to England, and then we all know JFK, not only signed EO#11110, but printed 4.2 billion in silver backed currency to distribute - they paraded him down the center of the street and killed him on national television. I truly believe that was the loud and clear message to all politicians that if they ever attempt to take the power of the control of the currency away, they would be dealt with immediately and killed. No one since that day, even talks about such an act.
The bankers message was heard loud and clear. The only voices since that day have been ” Yes Sir”.
We are all cowards to have allowed the bankers to take back what our forefathers took away from them to better our nation. To our forefathers, I say I apologize for our failure.
Comment by George — July 9, 2008 @ 9:19 pm