Debts for the People & Billions for the Bankers
The web site below we all need TO STUDY and that will put the fire into us that Ron Paul put into us during the campaign.
www.lovethetruth.com/truth_about_money.htm
THEY PRINT IT - WE BORROW IT AND PAY THEM INTEREST
We shall start with the need for money. The Federal Government, having spent more than it has taken from its citizens in taxes, needs, for the sake of illustration, $1,000,000,000. Since it does not have the money, and Congress has given away its authority to "create" it, the Government must go the "creators" for the $1 billion. But, the Federal Reserve, a private corporation, doesn't just give its money away! The Bankers are willing to deliver $1,000,000,000 in money or credit to the Federal Government in exchange for the Government's agreement to pay it back - with interest! So Congress authorizes the Treasury Department to print $1,000,000,000 in U.S. Bonds, which are then delivered to the Federal Reserve Bankers.
The Federal Reserve then pays the cost of printing the $1,000,000,000 (about $1,000) and makes the exchange. The Government then uses the money to pay its obligations. What are the results of this fantastic transaction? Well, $1 billion in Government bills are paid all right, but the Government has now indebted the people to the Bankers for $1 billion on which the people must pay interest! Tens of thousands of such transactions have taken place since 1913 so that by the 1980's, the U.S. Government is indebted. to the Bankers for over $1,000,000,000,000 (trillion) on which the people pay over $100 billion a year in interest alone with no hope of ever paying off the principal. Supposedly our children and following generations will pay forever and forever!
AND THERE'S MORE www.lovethetruth.com/truth_about_money.htm
Agreed!
BUMP!
bump for reading later
"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI
"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI
A good description of the problem but a lousy suggestion
to fix it.
The author describes the lending of money into existence and the negative effect of that scam, but he proposes an equally evil scam, the spending of money into existence by the federal government.
Both systems debase the value of money, and both create artificial demand that then evaporates without additional money creation (the boom bust cycle). These are both dishonest money systems.
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley
better
Thanks,
Please read the entire article ""on the web site"" and he will fill in the rest of the story.
And If you do read it, I believe you will see the clear picture that would make us a debt free nation and a debt free citizenry which would pull the entire rug out from under the NEW WORLD ORDER and the Bankers would no longer be our rulers.
Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead to world wide freedom.
Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead world wide freedom.
Don't need to read the article; I years ago read the book.
If you want to escape slavery, then why change masters from bankers to thugs in Washington, DC. Why not free ourselves entirely with gold?
I suggest you read Ron Paul's and Lewis Lehrman's book "The Case for Gold" where the failure of Colonial script is chronicled. Switching from the plunder of bankers to the plunder of government is no solution.
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley