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Our monetary system monetizes debt.
The federal reserve doesn't allow any money to be created unless it is borrowed from private commercial bankers or through other debt instruments, such as, treasury bills, notes or bonds.
When government borrows, we pay for that borrowing and interest through higher taxes.
Under a system that monetizes debt, if no one borrowed from the banksters, we would be without a medium of exchange.
Under this debt monetary system, no money is allowed to be created, unless it's through the extension of credit from private commercial banks.
When loans are paid back, the p...more
Damn, People, you are playing into the politicians hands. They want you all to take sides and blame the opposing party. They are all in cahoots with the federal reserve, and are bought and paid for. You are falling for their gladiator games. Their games are meant to take your attention away from thinking of ways t...more
People, WAKE UP.
It's not only the government, It's congress, in cahoots with the federal reserve and it's fractional banking debt monetary system that is driving this nation into unpayable depths.
When congress shadely passed the federal reserve act in 1913, congress gave itself unlimited borrowing rights on the...more
Money talks, BS walks. Have any of you really tried to solvethis problem? Have any of you really studied why we are so deep in debt, and cannot afford to takie care of our elderly?
Too many on here just give lip service without one iota of knowledge of what's really going on.
We are under a debt monetary syst...more
Come on people. This is about not being able to afford taking care of our elderly. The questions we should be asking are: Why can't we afford that care? What are the forces behind our indebtedness that force us to make life and death decisions for our elderly?
I have made out a living will, instructing that no l...more
Our congress is in bed with the fed res. This system will eventually have to collapse. I believe that the fed and congress are stalling the collapse until they can find a way to blame it on someone or something other than themselves or their policies.
I also believe that the market is being artificially propped ...more
After congress passed that ponzi federal reserve act in 1913, this nation has been going further and further into debt. The fed's ponzi debt monetary system is one of the main reasons we had to have an income tax. That was to pay for all the borrowing the congressmen did, to feed their pork barrel projects.
Where in the world is this Barrington's head?
He obviously has no clue, is talking to the wealthy minority, or is a shill for the federal reserve.
Our indebtedness has grown constantly. There is a reason for that. Our monetary system currently operates by creating and monetizing debt. Think about it. M1 ...more
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