BoatShoes wrote:
http://www.jesus-is-savior.com/
Anybody else think it's weird that a site seeming to be devoted to the spreading of the Good News would spend so much time discussing the federal reserve system and among other things, the "illuminati".
:rolleyes:
I thought it odd as well, gotta love google for wisking me there. But the info is spot on!
Oh and if you are going to defend something. Find something that is defensible. The Federal Reserve Bank is NOT!
I provide this example
The Fed provides Treasury Notes that it loans to the Treasury with interest only while they are in circulation. But the Fed is private, therefore they reap every benefit of the interest paid by the American people. All of the interest revenue being generated by money that is created out of thin air. It was created by nothing more then a journal entry. There is nothing backing the Federal Reserve notes.
The United States treasury department could do exactly the same thing. Create United States treasury notes. The difference being attach no interest! Other then the interest paid by people that are borrowing the money back to the banks they borrowed it from, rather then that plus that bank paying interest to a central bank. All the controls you spoke of in your post would remain in effect.
But here is the reason it is not done like that. You could only spend as much money as you had. How would congress operate? They always spend more money then they have. That is where the Fed came in. Once congress spent all the money it took in, if it were the treasury that controlled the money. They would have to raise tax revenue to do it. They would have to tell the American people they needed more money. In any society it has been proven by history that once you reach about 45% taxation or higher, you have a revolution on your hands. So they cannot do that, so what they do is go to the Fed, borrow and spend our future generations tax dollars that have not been collected yet. Which is what our brilliant leaders have done to the tune of 12 trillion dollars and counting.
The Federal Reserve System has ruined this great nation
And we are about to have to pay the piper.
We are going to collapse!
I am probably older then most on this forum.
And I would like to take this opportunity to apologize to you younger people on here. Because it was my generation that ran our boats, drank our beer, built our big houses and didn't have a care in the world. And payed little to no attention to what was happening in the Nation. And we have let corrupt politicians from both sides of the isle spend your future.
And i honestly believe that the Administration we have in office right now. I believe their agenda is to bring this nation to her knees economically. All they have done since taking office is spend spend spend as fast as they possibly could. And look the previous administration was no better, TARP started with them. You know the real reason we got TARP? The Fed said we had too, or the Nation would collapse. Tell me who is running this country again? But anyways I think we go into the worst depression this country has ever seen. I'm talking massive soup kitchen lines depression. Then we get offered the solution. "Socialism", we will ban together as a community and pull through this! Rah Rah! And some of you may think this is a very good idea. And to be honest sitting where you are sitting and looking at all this, I really cannot blame you. The problem with socialism, well there are more then one. But the biggest problem is you can't fail, but neither can you succeed. And to have that opportunity taken away is nothing short of a crying shame. And socialism never just stays socialism, it always morphs into something much more restrictive of your freedoms.
Batten down the hatches, we are in for a bumpy ride.
I pray for you all to be honest!