Solutions - Nationalize the Banking System and Print Greenbacks

[Money Trust]

One guy stated that gold and silver money are not debt-based and is hated by bankers but nothing could be further from the truth. Bankers have historically owned most of the gold, and tying a nation's money to gold benefited only the bankers and the other wealthy elites. Even further, a gold money system has never worked over the long haul because there's never enough gold to conduct trade and to keep up with the population growth. Why do you think that they have to use paper money still when we are on gold? Because they never the amount of gold they claim to have and they use paper money to print more than they actually have...that's why a run on banks during a gold standard is so devastating.

Paper money benefits the common man and would do so even more if it were printed by the government, as it was under Abraham Lincoln. Money doesn't have to be backed by anything, just as long as people agree to trade with it and the govt declare it good for the payment of taxes.

 

[StarDust9182]

Varying degrees of understanding in this discussion.

A class-action lawsuit against the Fed would bring this discussion to the TV and newspapers. All Americans are plaintiffs, they just don't know it yet. How did $17 trillion in debt occur? Why does every infant automatically owe $60,000 just for being born?

I was born a slave like most people were, taught to believe in a world that doesn't exist, in good policeman, government to take care of me from cradle to grave, in knowledgeable teachers, in benevolent companies delivering the things I need (not want), in honest citizens, the peaceful and freedom ways of the country etc. Eventually, I realized that not all was as it seemed. It was not hard to seek the truth over perception. Now the world waits for the US to get back control of their government again. A government by the people and for the people not for the billionaires who finance and run it today IMO. European elections made headway in their recent election. Their time is short and they beat war drums again to hide the truth - that the world economic prospects are dimming due to their leadership IMO. It will be blamed on something or someone else - bet on it!

So you think the media will take it up? Have you heard of operation Mockingbird? My question to you is when did that end? When their boy Nixon ( impeached and 1971 default) was taken out by the courageous press, did they strike back? Why was an airport named after Dulles? He must have been a national hero of some sort, I don't know his history. Your president just writes his own laws now - and one was reportedly an executive order on Friday, July 6, 2012 entitled "Assignment of National Security and Emergency Preparedness Communications Functions.” When did that order end?

There is hope though, since polls no longer follow the media propaganda, the one-party system is fracturing, people are waking up to the ugly truth IMO. Power has always come from the majority and those that have the truth over perception. Citizens can take back the power any time they awaken IMO. When perception and their reality divert too much, then they begin to see truth again. Will it happen? I don't know.

While I agree with your sentiment, change always comes from the fringes not the establishment and status quo. That is how America was formed - in fire. Perhaps it will happen again. I fear something very ugly is on the horizon within 5 years for sure. I have been wrong before though!

 

[StarDust9182]

One guy stated that gold and silver money are not debt-based and is hated by bankers but nothing could be further from the truth. Bankers have historically owned most of the gold, and tying a nation's money to gold benefited only the bankers and the other wealthy elites. Even further, a gold money system has never worked over the long haul because there's never enough gold to conduct trade and to keep up with the population growth. Why do you think that they have to use paper money still when we are on gold? Because they never the amount of gold they claim to have and they use paper money to print more than they actually have...that's why a run on banks during a gold standard is so devastating.

Paper money benefits the common man and would do so even more if it were printed by the government, as it was under Abraham Lincoln. Money doesn't have to be backed by anything, just as long as people agree to trade with it and the govt declare it good for the payment of taxes.

The missing factor is the store of value part. Here is what Greenspan said in 1966 - http://www.321gold.com/fed/greenspan/1966.html

Bankers are brokers not owners (it is a spread business) and as I have said before in posts, the internet is destroying brokers in general (because supply can't be strictly controlled and limited to push up prices) and pushing equal rights as well (closer to capitalism than what exists now). A government based on fewer leaders and more internet votes might be a path to a better democracy, who knows. Gold doesn't work because a leader somewhere starts cheating to get elected. Rome did it for example. Saying the truth can get a leader's head chopped off!

Paper is simply a derivative - a claim check on something inconvenient to carry around and use in day to day transactions. In other times, the paper got its worth from converting into something of true value. Now it is just a promise to pay. (You know credit - credere french for trust) Paper has no value in and of itself. Labor and materials is where most of the true wealth comes from IMO. The most amazing thing in the universe is where does the gold to back interest come from? Your labor earned it from someone else. Who labors for interest?

You many not be aware than many of the bank runs were deliberately done to consolidate power in certain banks. You may not be aware than bankers used to leave their doors open for people to see the huge pile of gold (actually nail piles covered with a layer of gold bars or coins). The true evil IMO is fractional reserve which means that leverage is applied to a brokerage transaction to up the returns - you know a carry trade. We are civilized now, we use gold covered platinum and untraceable numbers. When a country asks for its gold back, we don't give it back - for their own good of course.

Anything can be used for exchange but if the con-fidence game stops, it is like musical chairs - someone is not getting a seat!

 

[FireWalker]

All you have to do is keep telling people about the lawsuit. I filed the complaint. The fed has been sued. Eventually someone will talk about it in the media.