You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Peter Schiff says Fed/Bilderberg isn't evil
- Thread starter cgtrader
- Start date
Quote from ProfitTakgFool:
The one thing I can't understand about the Fed/Gov't relationship, is why the Government doesn't print/create its own money and charge a sum of interest to the borrower and return that sum of interest to themselves rather than handing it to the Fed? Assuming the Gov't could balance its budget - which is a far-fetched dream - the government could destroy the money it collects in interest and prevent inflation. Money could be created and destroyed based on the demand for money, like it was in the colonial era.
Profit, What you describe is how it worked early on, although I don not know if the the Treasury charged interest upon the creation of it's currency. If the Treasury didn't create too much money over a given period of time there was no inflation.
With the current system, inflation is inevitable. This is because banks continually create money out of nothing(so they can loan it out with interest). This ongoing creation of money debases peoples savings already held in our currency.
So what you described is how the foundning fathers intended it. The British attacked the colonies in earnest once we started using own currency,as there was then no way for the British banking cartel at that time to suck the colonists blood.
Quote from achilles28:
Then they get real cheese when we go under.
Achilles, Like now for instance? The country is being robbed blind week after week, and our congressmen are falling over themselves to help make it happen. They are either stupid or traitorous.
I appreciated all your clear comments and agree with what you have said. One statement caught my attention:
"50% of that interest was held by the FED Reserve who bought that debt WITH NOTHING."
Do you mean to say that at that time 50% of all outstanding treasurys were held in the Feds portfolio?
Do you know what the % is today?
My understanding that is that the Fed must return interest accrued on treausury securities back to the treasury. Is this your understanding?
It's the Illuminati who control everything who are evil right? Or is it Israel?
This thread looks like one big conspiracy theory circle jerk. All this the government should control the currency and not the Fed is like saying the government should control the law and not the Supreme Court. A bunch of nonsensical semantics. The government, depending on how you define it, is already in control and if it isn't fully it's likely a good thing.
This thread looks like one big conspiracy theory circle jerk. All this the government should control the currency and not the Fed is like saying the government should control the law and not the Supreme Court. A bunch of nonsensical semantics. The government, depending on how you define it, is already in control and if it isn't fully it's likely a good thing.
Quote from Capablanca:
It's the Illuminati who control everything who are evil right? Or is it Israel?
This thread looks like one big conspiracy theory circle jerk. All this the government should control the currency and not the Fed is like saying the government should control the law and not the Supreme Court. A bunch of nonsensical semantics. The government, depending on how you define it, is already in control and if it isn't fully it's likely a good thing.
Wonderful observation about this thread. The problem for the Tin-Foil Hat brigade posting here is that they thought they had found their LEADER (SCHIFF). Now that he's abandoned them, they are wandering the desert, searching for a mentor...Ron Paul, maybe? One of these moonbats claims to know what Ron Paul is thinking, but that he won't say it out loud....most likely a message they received via telepathy...
tommy smothers mockingly said recently when receiving an award for the smothers brothers show which was censored some 30-35 years ago," Truth is what you can get the other guy to beleive," I see a bunch of houdini's watching our money,i don't see us getting any wiser when it comes to deception,they will just come up with new magi.c tricks,same show,just new twists....the media is our watchdog and they became part of the act long ago... now enter Obama...i'm all for change but the presentation he will get is that if we pull the plug on the scam the whole country will go under, and he will be forced to go along with the plan,of course they will give him some consolation prizes,a few bridges ,new programs,same thing that happens with every new administration,then we forget about the problems,accept them as status qou,and look the other way. Imagine if you were half way thru building a house,and you fired your contractor,you hire a new one,he tells you that the foundation is no good and you need to tear it down to the ground,pour a new foundation and rebuild the house.It sounds good but you 've spent half your money already and you cant afford it.Are you fucked?Yes and no.You wont realize your dream,but the new contractor tells you how you can manage to reinforce the peice of crap that's already up,but you can only build one story ,any more than that will collapse...Realistically a new president can only patch the existing system,to tear it down and expose the fraudulent american political and financial system to the world would be the end of our credibility ,the end of life as we know it,since none of us want that ,we will accept it as it is.
Quote from achilles28:
Schiff is wrong about the FED.
He obviously hasn't done his homework.
To make equivocations about unintended consequence and surmise they're just "stupid".
Peter can see it all but they can't??
Uh, no. Thats not how it works. The Elite have gone on record and put it down in black-and-white.
The point about all US money in circulation being a 100% function of debt, is true.
The monetary base - all debts public and private - is somewhere around 60 Trillion.
The interest on that at 2% per annum is 1.2 Trillion per year.
Now consider 90 Trillion at 3, 4, or even 5% interest.......???
See where it goes?
Nearly 1/4 of the nations GDP - before tax - would be devoted to pay off debt to bankers.
Thats how they put the Country into receivership and take over.
Each note issued represents debt pledged by the United States full faith and credit. When the Country defaults they issue a new currency (at a rate that fucks everyone), or sell-off assets. To who?! OUR CREDITORS.
The Banks.
Right now, the FED buys over half US Treasury floats.
How much more do FED System Banks purchase through fractional reserve funny money conjured from nothing?!
Then they get real cheese when we go under.
As far as debt-free currency being a pox to fiscal accountability. 200% Bullshit. Don't believe the hype.
Debt-free money is the best thing that could happen to this Country.
Reagens' Grace Commission found 100% of all income tax goes to pay JUST THE INTEREST on the national debt.
50% of that interest was held by the FED Reserve who bought that debt WITH NOTHING.
So 1/4 of everyones salary becomes a sacrificial tribute to the Bankers so they can loan 100K from 1K.
No risk for them. All the blood, sweat and tears from you.
Thats the system. Assuming you believe the bullshit line about Treasury destroying the interest, to begin with.
What was born in inequity and thrived in sin was later sanctified because the Treasury told us so?
W
h
y
d
o
y
o
u
w
r
i
t
e
s
o
m
a
n
y
o
n
e
l
i
n
e
p
a
r
a
g
r
a
p
h
s
?
I
s
i
t
b
e
c
a
u
s
e
y
o
u
r
t
i
n
f
o
i
l
h
a
t
i
n
t
e
r
f
e
r
e
s
w
i
t
h
y
o
u
r
t
h
o
u
g
h
t
p
r
o
c
e
s
s
?