newswithdrawal.com — “Washington needs to understand how we’ve been mired in debt & are staying there with the help of this fractional reserve bank. Questions must be raised about why did we why gave up our control of being able to issue money - why did we give it to the federal reserve?”
Feb 14, 2008 View in Crawl 4
wakanandaFeb 15, 2008
Fiat money is not the problem. The problem is the *fractional reserve* system, whereby banks can loan out 10x their holdings. Fiat currency, at a fixed rate of growth, in the hands of a US Govt. committee, with proceedings published openly for all to see, would work fine. The Regan administration appointed the Gold Commission in 1981 to study the possibility of going onto a gold standard to limit government growth. They found that the Treasury of the United States owns NO gold! All US gold reserves were transfered to the Federal Reserve, as collateral for the national debt. The International Monetary Fund - a tool of the same globalist central bankers who own the Fed - now owns 2/3 of the world's gold supply. If we went on a gold standard, our sovereignty as a nation would be out the window. Gold is not the answer. To this day, the Treasury refuses to conduct a congressionally mandated audit of US gold. IT IS NOT THERE. We would do better with a stable transition to 100% reserve banking; the US could buy back it's bonds with new, Treasury-issued fiat notes, and as these notes were gradually deposited in local banks, they would form the gradually rising fraction requirement - a smooth transition, with any remaining liabilities of banks assumed or aquired after the first year, to be subsequently paid off with Federal Notes in the future. No debt-based currency = PROSPERITY, not nations (soon to include ours) begging for a solution, ANY solution, to the misery.
leucaruthFeb 16, 2008
Sure, it's an extra tax, but what's wrong with that? Why attack this tax rather than others? That's the argument that needs to be made. And the problem that inflation helps deal with is not a lack of competition, but rather an innate psychological resistance on the part of workers to reduced nominal wages. With most things, the prices adjusts to supply and demand. Wages tend to go up when the market requires it, but they usually don't go down in nominal terms. That means firms lay people off instead. With moderate inflation, firms can just let wages sit and achieve a reduction in real wages, even though they wouldn't be able to get a reduction in nominal wages.
bonmot5Feb 16, 2008
You do live in your own little world, don't you? Ron Paul knew that he wouldn't win the Republican nomination. He's spreading his views, just as he has been for the ten years that he has been a Representative in Texas. His views are catching on around this country, and the world like wildfire. "The lobby", the Senators and Representatives that have gotten the nod from "the lobby" and the main stream media hate him for it. He said it himself (as the other candidates cringed and hissed) it's an ideological war. Either you want a New World Order" run by the filthy (literally) rich elite, or you want to keep the sovereignty of the United States. Go read the stuff PNAC believes!
texaswolfmanFeb 16, 2008
and that essential function is what? to drive us into a recession or maybe its to crush the value of our dollar? no.... i think their essential function as a corporation is to make a profit off of us.
crazystudiosFeb 16, 2008
Hehehheheehe!
staticthunderFeb 20, 2008
Maybe you should come up with an alternative to buying gas. Maybe you should look for work in the petroleum industry. Maybe you should ask your boss for a raise. Unfortunately, I think the value of what YOU do for a living, sitting on the internet spouting bulls**t, is in reality declining.Apparently, your salary isn't tied at all to inflation. Wonder why...
dbrisindaFeb 27, 2008
I can't seem to access this link, so I will repost. Coustoe's comment is taken verbatim from the propagandist Federal Reserve website. Conflict of interest maybe? Here, look for yourself under the section entitled, "Who Owns the Federal Reserve?"<a class="user" href="https://www.federalreserve.gov/generalinfo/faq/faqfrs.htm">https://www.federalreserve.gov/generalinfo/faq/faq ...</a>
waynethemanMar 1, 2008
Give 'em both.
thetaoofbillMar 1, 2009
Wow I wish I could bury myself. My how things have changed with additional education.Ron Paul's policies are wrong and I no longer endorse them.