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Why should the government borrow something they have the constitutional power to create themselves it doesn't matter were you get the money supply in terms of borrowing. the only thing that will stop over borrowing or money creation is complete transparency and a vigilant populis but i...

I have no problem with a bank charging interest on their money or their patrons money But why should the have and control the money supply, and profit from money they didn't earn

i'm talking about money not what you think is money. money is simple it is a medium to exchange goods and services. nothing more nothing less. what does futures have to do with the concept of money

yes there is, money isn't as complicated as you try to make it. easy credit inflates asset prices. temporarily inflated housing and inflated stock prices adds no wealth so why would you want to do it.

you are right my post should be amended instead of greenspan insert the fed and central banking system. I guess I still love to kill the messenger

I seen that and wondered if he really believe it. How can he? I do remember 6 months ago or so on Cspan infront of a congressional hearing he said something to the effect that he made a mistake. I will try to find a youtube link

And greenspan still believes in a credit society I would argue that he is the biggest reason for our current situation

of course i do the federal reserve is a private corp. With no other purpose than to create and manipulate the money supply for profit of its stock holders. all of their operations though they seem complex and confusing is to simply control the supply and demand of money. Why should we...

the problem with gold is it is the same thing as fiat money. The people who create fiat money control it's supply and demand, the same is true with gold Just because gold has limits on how much can be produced doesn't solve the problem of having to borrow or buy the medium of exchange . IF...

Our forefathers understood this “If the American people ever allow private banks to control 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...

the most prosperous time in American history was in the colonial times when the government ( not private bankers issued it"s own money) issued money at the rate of GDP. No inflation resulted because the money supply was pegged to the production out put. when the government created this money...