What is Digg?Warning: The Content in this Article May be Inaccurate
Readers have reported that this story contains information that may not be accurate.Sponsored by Realtor.com
Top 5 most ridiculous properties sold for a single dollar view!
realtor.com - Looking for a deal on your next home? What if you could pay a dollar? What if it was a MLB stadium or a university?!?!?
574 Comments
- Cryptocracy, on 08/17/2008, -29/+224abolish the FED!! hell, make Fractional Reserve Banking illegal too.
- Look4Truth, on 03/04/2008, -18/+203"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
- Woodrow Wilson in reference to signing the Federal Reserve Act in 1913.
The Money Masters Video:
http://video.google.com/videoplay?docid=-515319560 ... - americangoy, on 03/04/2008, -10/+153"Many Americans will be shocked to discover that the principle business of the Fed is to print money from nothing, lend it to the U.S. government and charge interest on these loans."
That is a fairly accurate description actually... - inactive, on 03/04/2008, -18/+106but hilary/obama/mccain will save us!!!! hahahahahahah - those hacks wont even mention it because they are controlled by it and the debt ridden slaves it produces. wake up america and see the scam! only RP will talk about it and he understands it!
- inactive, on 03/04/2008, -10/+89What ever happened to the Andrew Jacksons in the Democratic Party? It is ironic that today's Andrew Jackson is a Republican.
- Look4Truth, on 03/04/2008, -17/+89Bah, silly Digg links...I'll try again.
The Money Masters
http://video.google.com/videoplay?docid=-158315456 ...
America: Freedom to Fascism
http://video.google.com/videoplay?docid=-165688030 ... - rpi22, on 03/04/2008, -2/+70What's really ironic is that they put Andrew Jackson on the $20 Federal Reserve note...
- inactive, on 03/04/2008, -8/+60They have yet to solve a problem. Their policies and directives are responsible for the decline of our standard of living. A dollar was worth 1/20 OZ. of gold when the federal reserve began their scam. An ounce of gold will hit $1,000.00 soon and you claim the fed solved a problem?
You really should think about it for a while because if you look at it the fact is the supply of money has NEVER been the problem and the post WW2 pumping of money into the system was to cover the COST of the war which is what happens in any war, we have the fed pumping money into the system and the standard of living of Americans drops.
The money in the bank loses value by the hour and you are on here trying to pretend THE FEDERAL RESERVE SOLVED A PROBLEM?????
I buried your comment for that assertion alone.
To assert that a money shortage was the problem after WW2 is laughable!! - NoTiG, on 03/04/2008, -9/+57This is a quote from the page of the man who wrote The creature from jekyll hyde island.. about the federal reserve (edward griffin) in response to a professor of economics (edward flaherty) . I hope this clears things up:
Flaherty: Nearly all the interest the Federal Reserve collects on government bonds is rebated to the Treasury each year, so the government does not pay any net interest to the Fed.
My reply: Here is another half-truth that is a whopper deception. It is true that most of the money paid by the government for interest on the national debt is returned to the government. That is because the Fed’s charter requires any interest payments in excess of the Fed’s actual operating expenses to be refunded. However, before we jump to the conclusion that this is a wonderful benefit, we must remember that the banking cartel is able to use tax dollars to pay 100% of its operating expenses with few questions asked about the nature of those expenses. After all of those expenses are paid, what is left over is rebated to the Treasury, as Flaherty says. There is no secret about this, and you will find an explanation of it in my book. Technically, there is no “profit” on this money. However, remember that creating money for the government is only one of the functions of the Fed. The real bonanza comes, not from money created out of nothing for the government, but from money created out of nothing by the commercial banks for loans to the private sector. That’s where the real action is. This is the famous slight-of-hand trick. Distract attention with one hand while the coin is retrieved by the other. By focusing on the supposed generosity of the Fed by returning unused interest to the Treasury, we are supposed to overlook the much larger river of gold flowing into the member banks in the form of interest on nothing as a result of consumer and commercial loans. - inactive, on 03/04/2008, -3/+47I disagree with your lack of capital theory aki009. First you haev to udnerstand that capital is not fiat paper....capital is factories/equipment/universities etc. If we eliminated all US dolalrs tomorrow the Earth would have the same amount of capital. All the Federal Reserve did was allow more capital to be plundered by the government. The fed issued loans and decreased the value of millions of americans savings. Some of that capital was put to productive use, say in builing a Interstate highway system or a hydroelectric damn. It is difficult to conclude that said capital wouldn't have been better used by those who earend it...for tehir kids education/philanthropy/feeding their children/building homes/educating docotrs/opening businesses etc.
Most importantly the great majority of the capital the fed created and loaned to the governemnt was used TO DESTROY CAPITAL....fundiing WW1 this war destroyed tens of millions strong healthy intelligent young men and took many of hte most productive years of their lives. It also supplied bombs that were then literally exploded to destroy factories and homes...on top of all that it created the envionment neccesary to give rise to the Nazi's. It is difficult to overstate the damage to the Earths capital that the Fed created.
Coincidentally the people(Rockefellers,Morgans,Rothchilds) who pushed for the Fed made billions of loaning money to both sides of these wars in spite of the monumental damage doen to the average american.
Read the creature from jekylll Island and also read teh establishment friendly books by Chernow(on the Rockefellers,Morgans and Warburgs. Compare and contrast them intelligently. also read Philp Dru(the book by Mandell House)....you will see that the stated altruistic reasons for creatign the Federal Reserve are impossible and while the Jekyll Island story may be one-sided it si far more plausible than that pushed by the establishment. - otero1, on 03/04/2008, -8/+50America: Freedom to Fascism
http://video.google.com/videoplay?docid=-165688030 ... - apc3161, on 03/04/2008, -7/+45The federal reserve is bad in many ways. Don't get me wrong, as a strong libertarian I hate the idea that these cracks control the price of money (interest rates essentially represent how much money costs, higher interest rates mean money is currently more expansive to get your hands on).
But, the fed hands over the interest they make on treasury notes every year back over to the U.S Treasury. Last year this number was at $33 billion.
What I don't like about the fed though is that it gives the government the ability borrow endlessly at the expense of the average person. When the government spends money that doesn't exist, they indirectly create inflation as they increase the money supply, which hurts people in the lower income brackets. That is what I am morally against. - Look4Truth, on 03/04/2008, -7/+44How's the fed's track record?
http://quotes.ino.com/chart/?s=NYBOT_DX&v=dmax
Uh uh, looks great. The dollar is worth four cents of what it use to be but we should keep them around because they're doing such a great job at robbing us, I mean printing money. - inactive, on 03/04/2008, -5/+38You don't know what your talking about Locke. Private property rights and a relatively stable currency made this country the richest in the world. The country was still strong but grew at a slower rate after eh Fed was created. Now that private property rights have been degraded for 100 years we are slwoing to negative real growth. Barbaric fundamentalist countries have nothing to do with it, unless you mean that the fed created dollars went towards destabilizing muslim coutnries to keep the balance of power steady over there.
- 25mL, on 03/04/2008, -2/+34More like the Feds did that to mock our departed Presidents who once stood against them.
- Tenetri, on 03/04/2008, -8/+40Obama wont do this. He simply wont.
You all know the only person who would... - phazon88, on 03/04/2008, -10/+39Peter T. Whitte, a National Geographic writer talking about when he interviewed a spokesperson for the Federal Reserve regarding where our "money" comes from:
"We created it,' a Fed official tells me. He means that anytime the central bank writes a check, so to speak, it creates money. 'It's money that didn't exist before,' he says.
"Is there any limit to that?' I asked. 'No limit. Only the good judgement and the conscience of the responsible Federal Reserve people.' Bwahh! good conscience.
Federal Reserve is held by powerful banks, owned or largely controlled by the Rothschilds. The banks are:
1) Rothschild Banks of London and Berlin
2) Lazard Brothers Bank of Paris
3) Israel Moses Sieff Bank of Italy
4) Warburg Batiks of Hamburg and Amsterdam
5) Lehman Brothers Bank of New York
6) Kuhn Loeb Bank of New York
7) Chase Manhattan Bank of New York (controlled by the Rockefellers)
8) Goldman Sachs Bank of New York
These, then, are effectively the owners of not only the Federal Reserve, but also the entire United States of America.
Even the House Banking Committee itself acknowledges the ultimate power of the Fed, saying that, "the Federal Reserve is, in practice, independent of that body [Congress] in its policy making The Federal Reserve neither requires nor seeks approval of any branch of government for its policies. The system itself decides at what ends its policies are aimed, and then takes whatever actions it sees fit to reach those ends!"
They create the inflation and recession cycles.
Quote:
"The international bankers sought to bring about a condition of despair here, so that they might emerge as rulers of us all!' - Louis McFadden
The private bankers used the power of the Federal Reserve to expand the money supply dramatically. In 1922 the amount of money in circulation was approximately $33 billion dollars. The amount was increased every year until by 1928 there was more than $45.7 billion dollars in circulation (that additional $12.7 billion dollars being that much more debt the American citizens owed to the Fed - plus interest, of course). This period of "easy money" caused massive speculation in the private sector - just as anticipated by the private bankers, who then ordered the Federal Reserve to withdraw money from circulation as quickly as they determined the economy could bear without collapsing it entirely (which they knew could bring on a revolution from the people). By 1933 there was only $30 billion in circulation, and America was brought to her knees.
Quote:
"Under the Federal Reserve, panics are scientifically created. The present panic is the first scientifically created one, worked out as we might figure a mathematical problem."
- Congressman Charles Lindbergh
Quote:
"It was not accidental. It was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all!" - Congressman Louis McFadden (while still chairman of the House Banking Committee at the time.)
Curtis Dail, FDR's son-in-law, who also "just happened" to be a manager for Lehman Brothers (one of the owners of the Federal Reserve - what a surprise!) was on the floor of the New York Stock Exchange the day of the Crash. He said,
Quote:
"Actually, it was a calculated 'shearing' of the public by the world money powers, triggered by the planned sudden shortage of call money in the New York money market."
William Bryon, author of The United States' Unsolved Monetary and Political Problems," had this to say regarding the Panic of 1929:
Quote:
"When everything was ready, the New York financiers started calling 24 hour broker call loans. This meant that the stock brokers and the customers had to dump their stock on the market in order to pay the loans. This naturally collapsed the stock market, and brought a banking collapse all over the country, because the banks not owned by the oligarchy were heavily involved in broker call claims at this time. Bank runs soon exhausted their coin and currency, and they had to close. The Federal Reserve refused to come to their aid, even though they were instructed under the law to maintain an elastic currency."
These gangster tactics worked very well on most members of the government. But not on Congressman Louis McFadden.
As chairman of the House Banking and Currency Committee for more than 10 years, Louis McFadden understood exactly what the Federal Reserve was, who controlled it, and what they were up to! On June 10th, 1932, Congressman McFadden fearlessly stood up before Congress and bravely challenged the Federal Reserve in the following powerful speech:
Quote:
"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks, which have cheated the government and the people of the United States out of enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States, and has practically bankrupted our government. It has done this through the defects of the law under which it operates, through the maladministration of that law, by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it!
Some people think the Federal Reserve banks are United States government institutions. They are NOT! They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers, and the rich and predatory money lenders. In that dark crew of financial pirates, there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislation; and there are those who maintain international propaganda for the purpose of deceiving us and wheedling us into granting new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime!
These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by bankers who came here from Europe, and repaid our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money. They planned and instigated the Russian Revolution.
In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson Aldrich, presented a vicious bill called the National Reserve Association Bill. This is usually spoken of as the Aldrich bill, although Aldrich did not write it. He was the tool, if not the accomplice, of the European bankers who, for nearly 20 years, had been scheming to set up a central bank in America. In 1912 they were spending - and are continuing to spend vast sums of money to accomplish their purpose.
We were opposed to the Aldrich plan for a central bank. The men who ruled the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later, that promise was broken, and the Wilson administration, under the tutelage of sinister Wall Street figures, established, here in our free Country, the worm-eaten monarchical institution of the 'King's Bank' - to control us from the top downward, and to shackle us from the cradle to the grave!
When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state, controlled by international bankers and international industries acting together to enslave the world for their own pleasure. Every effort has been made by the Federal Reserve Board to conceal its powers, but the truth is: The Fed has usurped the government! It controls everything here, and it controls all our foreign relations! It makes or breaks governments at will!"
Franklin D. Roosevelt in a letter to Colonel Edward Mandell House wrote
Quote:
''The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the government ever since the days of Andrew Jackson."
America's on the verge of going into recession right now. They'll completely collapse the dollar soon and then they'll propose that a North American Union between Mexico, Canada and the United States be instated and that a new currency be used called the Amero. They've already printed the currency for it, they're just waiting till they can use it.
After that they'll begin their plans to instate a new one world order.
“We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”
- Statement made before the United States Senate on Feb. 7, 1950 by James Paul Warburg son of Paul Warburg who wrote the Federal Reserve Act and one of the co-founders of the CFR, and nephew of Max Warburg who had financed Hitler.
“We are grateful to the Washington Post, the New York Times, Time magazine and other great publications whose directors have attended our meetings and respected the promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world-government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the National auto-determination practiced in past centuries”
- David Rockefeller, Member CFR, in an address to a Trilateral Commission meeting in June of 1991
“For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”
- David Rockefeller, of Standard Oil, Chase Manhattan and the Council on Foreign Relations, from his Memoirs in 2002.
If you wanna get a good idea of everything watch Zeitgeist the movie it'll clearly explain the whole thing http://www.zeitgeistmovie.com/ - Railz, on 03/04/2008, -1/+29I heard a lecturer once say these words about the Fed, "The dollar, your hard earned dollar, is only worth as much as Alan Greenspan wants it to be worth"
Learn how the government changed from actually 'Dollar' to 'Note' - inactive, on 03/04/2008, -9/+36Just because I buried it before I commented doesn't mean you were right or that I could not construct an argument, it simply means your post stinks and needs to be buried quick!
- trippinlikegod, on 03/04/2008, -8/+35That's interesting seeing as this country got along just fine for more than one hundred years without the Federal Reserve. Our founding fathers broke free from England partly because they were unwilling to borrow money from the Bank of England at interest to supply their local currency and now it seems we have spit on the graves of those men and adopted the same foolish system they fought so hard to protect us from.
- phazon88, on 03/04/2008, -6/+33Imagine, if you will: You decide to lend money to the government, so all you do is take some camera-ready-copies of whatever you decide are "legal tender" to your local Office Depot or other copy shop. You pay the copy shop for printing the "paper" (because that's all it is!), then you "lend" this very same "paper" to the government. Then you demand that the government pay you back the entire amount of whatever you supposedly "lent" to the government (depending on what you told Office Depot to print on the "bills"), plus interest, in whatever amount you decide at the time of the transaction!!
"Ridiculous!" you say? Well, that's exactly what has happened since the international bankers along with President Woodrow Wilson and the government imposed the Federal Reserve upon America in 1913.
Later Woodrow Wilson realised what he had done and regrettably said
Quote:
"[Our] great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men... Who necessarily, by very reason of their own limitations, chill and check and destroy economic freedom.
We have come to be one of the worst ruled, one of the most completely controlled and dominated nations in the civilized world - No government by free opinion, No longer a government by conviction and the vote of the majority but a government by the opinion and the duress of a small group of dominant men."
Just one day before President Woodrow Wilson signed the Federal Reserve Act into law, Congressman Charles Lindbergh, Sr. (father of the famous aviator) said:
Quote:
"The money trust deliberately caused the 1907 panic, and thereby forced Congress to create a National Monetary Commission, which led to the ultimate creation of the Federal Reserve. This Federal Reserve Act establishes the most gigantic monetary trust [monopoly] on earth. When the President signs this bill, the invisible government of the monetary power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed The people must make a declaration of independence to relieve themselves from the monetary power. This they will be able to do by taking control of Congress. Wall Streeters; could not cheat us if you Senators and Representatives did not make a humbug of Congress The greatest crime against Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and party bosses have again operated and prevented the people from getting the benefits of their own government."
Lindbergh also made this observation: "Ever since the Civil War, Congress has allowed the bankers to completely control financial legislation. The membership of the Finance Committee in the Senate and the Committee on Banking and Currency in the House, has been made up of bankers, their agents and attorneys. These committees have controlled the nature of the bills to be reported, the extent of them, and the debates that were to be held on them when they were being considered in the Senate and the House. No one who is not on the committees is recognized, unless someone favorable to the committees [the banking interests] has been arranged for."
Quote:
"A World banking system was being set up here...A superstate controlled by International bankers...Acting together to enslave the world for their own pleasure. The fed has usurped the government." - Louis McFadden
Quote:
"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation! This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation - cash or credit. If the banks create ample synthetic money, we are prosperous, if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is!" (Infact it can't be paid off because the government has to keep borrowing more to pay off the interest which they then owe more interest on top of that that)
- Robert Hemphill, ex-chairman of the Federal Reserve Bank of Atlanta
Quote:
"The real truth of the matter is that a financial element in the large centers has owned the government since the days of Andrew Jackson" - Franklin D. Roosevelt
Quote:
"I believe that banking institutions are more dangerous than standing armies...
If the American people ever allow private banks to control the issue of currency... The banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered" - Thomas Jefferson
Quote:
"If you want to remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nations wealth." - Sir Josiah Stamp
Quote:
"Permit me to control the currency of a nation, and I care not who makes its laws!" - Mayer Amschel Rothschild
Founder of the Rothschild banking Dynasty
and that is the story of how everyone became enslaved to a few rich powerful International bankers, whose last remaining goal is World Domination under a New World Order, sleep tight. :) - inactive, on 03/04/2008, -13/+39Countdown to negative comments from Onetimer, Sogui, BingoBoner, Reed311, Jasqwerty, SheilaNoya, et al.
10...9...8... - ryleyleckie, on 04/10/2008, -6/+32This bothers me every single day...
and I'm a Canadian. I couldn't imagine how this must feel for Americans. - inactive, on 03/04/2008, -1/+27Not really. If you look at political history, you'll see that somewhere around the late 1800's the party ideologies between Republican and Democrat essentially flip-flopped. Although considering the spending and governmental habits of today's Republicans, I'd say classic conservatism is dead, regardless.
- sebicas, on 03/04/2008, -9/+32And knowing this... why Ron Paul doesn't win???
- pigfister, on 03/04/2008, -6/+29how would the military industrial complex work without all your taxes being duped from u?
http://video.google.co.uk/url?docid=-5193534124922 ...
http://video.google.co.uk/url?docid=-8181559577373 ... - inactive, on 03/04/2008, -3/+26they don't give it all back they keep several billion for expenses and "dividends" check out their annual report if you want the facts. They also get the time value of those billions they get to hold onto all year. Think that is worth something?
more importantly the power of deciding when and where to pull the itnerest rate string is worth quite a bit as well. You know it can help a trader to know when and how much all the moves will be ahead of time. - Carthagefield, on 03/04/2008, -3/+26What you're describing is fiat currency and fractional reserve banking. You are right to believe that this has been the primary reason for America's prosperity over the last century. It has also allowed the middle classes to expand and prosper, while allowing even the poorest in society to enjoy ever higher living standards, all because of the easy availability of private loans.
Here is the conundrum though: If these economic practices are necessary, why does the US government need the Federal Reserve, a secretive private bank that is anything but federal (it is not even a government organisation), to provide these services for them? What benefit does the US gain from this arrangement? Would it not make more sense for the government to create their own money, and avoid massive interest payments? Why is the FR so opaque? Why are the minutes of FR meetings never published, even to Congress? Why has the FR never been independently audited, not even by Congress?
I'm no economist, maybe I just don't get it. Can someone explain to me what I am missing here, because I just don't see what the FR does that the government could not do by themselves? - MasterYoca13, on 03/04/2008, -8/+30ZEITGIEST the movie is what you need to see. they explain it all. and yes, the fed should be abolished, but they are too powerful to let that happen. if the president lets the fed continue like always, he gets a lot of support, and if he wants to abolish the fed he gets assassinated. just like kennedy.
- midbc, on 03/04/2008, -0/+22and the whole system is running like a well oiled machine right now right?
- inactive, on 03/04/2008, -13/+35This is one of the most complete and informative videos on the American central bank that I have seen.
- spyd3rweb, on 03/04/2008, -7/+27You think they'd teach something contrary to establishment thinking in state run school?
- Bravesguy18, on 03/04/2008, -1/+21We can rebuild him...
- DanOnTheMoon, on 03/04/2008, -8/+28Heh, except for the upcoming wave of Ron Paul Republicans. Socially libertarian, economically conservative/libertarian, anti-authoritarian semi-nationalist Republicans are the way of the future. I can't wait until the Bushes, Rockefellers, Sensenbrenners and McCains are gone. It's going to be awesome.
- TokenBlack, on 03/04/2008, -4/+22Civil Disobedience!
- d03boy, on 03/04/2008, -2/+19When we say "print" we actually mean "create"... consider it an expression
- westopher3, on 03/04/2008, -0/+17It is when the loan itself was created out of nothing,. i.e the money for the loan did not come out of another account but was just credited to the borrowers account, out of thin air. It is the 9:1 loan to holdings ratio. For every $1 the Fed or any bank has in deposits, they can lend $9 out as notes. And then there is the interest on top. See how this can cause rampant profits and inflation?
- inactive, on 03/04/2008, -6/+23Really its only 6 dedicated trolls such as yourself that dedicate themselves to making these types of remarks.
- cl2yp71c, on 03/04/2008, -12/+29Love how "WTC7 controlled demolition,..." was in the right panel.
- Look4Truth, on 03/04/2008, -10/+27Um...no. Governments should print money without paying interest on it, k thx.
- Alphonze, on 03/04/2008, -24/+40Zeitgeist is a really good movie if you wanna know about these kind of shams that we live under, really good evidence to back it all up too.
- inactive, on 03/04/2008, -9/+25I though the biggest scam ever was religion.
- apc3161, on 03/04/2008, -12/+27Yea, and every year they give that money from interest back to the government. Last year they gave $33 billion back to the U.S treasury.
- inactive, on 03/04/2008, -0/+15Who controls the Spice controls the universe.
- Shelter22, on 03/04/2008, -1/+15I urge everyone to independently verify all claims made in videos you see on CBS, NBC, ABC, FOX, CNN, BBC, MSNBC, etc. etc.
- inactive, on 03/04/2008, -2/+16"who has the gold makes the rules"
- Sogui, on 03/04/2008, -3/+177...6...5...
- inactive, on 03/04/2008, -2/+15The Treasury prints the money but the money belongs to the Federal Reserve. The Fed DOES NOT buy money from the US government.
Money printed is treated as a loan. The US government has to pay back the money at interest. By creating money as debt, there is less money than debt because the interest to pay the initial loan is not created. That's why the US national debt has spiralled out of control. - inactive, on 03/04/2008, -3/+16I am referring to fiscal policy.
- NSResponder, on 03/04/2008, -3/+16Fractional reserve banking isn't intrinsically dangerous, as long as banks are allowed to go out of business if they ***** it up.
-jcr -
Show 51 - 100 of 574 discussions
Browsing Digg on your phone just got easier with our enhancements to the 
© Digg Inc. 2009
— Content created and posted by Digg users is