Well said.
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Naaa.... we aint printing money
- Thread starter daddyeaux
- Start date
Well said.
Quote from timbo:
Maybe it's the calculus part. There's no math here; strictly demands of the people.
educate yourself about the FED little grasshopper
did you know that fed offices come with luxury that would put royal family of Saudi Arabia to shame
does this sound like a government institution to you ?
you really should get to know YOUR MASTERS
Quote from timbo:
Maybe it's the calculus part. There's no math here; strictly demands of the people.
The math was already spelled out.
For every dollar created by the FED and Banking System, a fixed % of interest must be paid.
Therefore, at any given time, there is insufficient money available in the System to repay the princible owed + interest.
Hence the need to continually inflate the money supply.
An interesting aside, at some point, the total amount of money in circulation will exceed the taxable revenue necessary to pay interest on that cash.
Depending on the rate of interest, the "critical mass" of outstanding debt-money is somewhere around 80 to 100 Trillion.
Current outstanding US money in circulation - all debts private and public + checkbook - is somewhere around 60 Trillion.
There's even an argument that FED rates are so low because the interest generated on outstanding cash cannot be serviced at higher levels of interest (5 to 8%).. Hence, rates must be kept low to service interest payments on the money supply. 8% of 60 Trillion is 4.8 Trillion Dollars - farrrrr exceeding meager Income Tax revenues of some ~2 Trillion Dollars. We might never see 8% rates again. Until this fiat System blows up (and the Country along with it!).
Another point of fact, the Grace Commission under Ronald Regean determined that every single dollar of income tax collected went to pay just the interest on the US national Debt.
Where 40 to 50% of that interest was generated on Debt Money created by the Federal Reserve System. IOW, interest-free money that could have been printed by Congress to allievate half the nations Income Tax burdon.
Instead, that Income Tax - money that good, honest Americans worked their ass off for - went into the hands of Bankers who did NOTHING FOR IT. They simply conjured it into existence with a checkbook entry. Then sat back and collected on our labor.
Interesting, wouldn't you agree?
That chart is sickening.
This is nothing new. There have been calls to kill the "FED" banking, Central Banking model for years, if not a decade.
What we see now, is just more evidence of what the "FED" does.
However, unless there is a revolution in this country to take back the constitution and destroy the Politcal Beast that is in control...
then the FED will continue to live on and enslave.
So, the discussion is a mute point at the moment.
What we see now, is just more evidence of what the "FED" does.
However, unless there is a revolution in this country to take back the constitution and destroy the Politcal Beast that is in control...
then the FED will continue to live on and enslave.
So, the discussion is a mute point at the moment.
Quote from bkveen3:
I would like to hear some opinions on whether abolishing the FED is actually a good idea.
That was rhetorical.
The Fed is a private corporation owned by the super wealthy. They will not allow its removal, short of currency collapse, which would remove their power of fiat currency. Not gonna happen while the political game is played. Another way to get rid of it is to vote in all honest politicians who are all limited to one term. Like that's gonna happen. The only other way is nuclear destruction of America, rendering us serfs to the countries that send in help-at that point, their currency becomes ours. Similar problem but not a solution. Why their currency? Because we will be trading something of value for their products that we can no longer make ourselves. In the beginning that will be loans to us in their currency.
Quote from bkveen3:
This is my biggest problem. Why do we have a private institution creating money for us. Why not just create it ourselves and avoid the enormous task of paying interest.
I would get rid of the Fed but....
Given that our money can be created out of thin air by running the printing press (or at this point, simply a click of the mouse) I certainly don't want that power to lie with politicians. That's the path to Zimbabwe.