Comment: Sorry...

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In reply to comment: I know where you are coming (see in situ)


Banks should only be allowed to lend what is redeemable, otherwise you have by definition an on-book default (whether or not anybody calls them on it), and that is itself a dishonest (corrupt) system.

And moreover, money must be created only transparently through public appropriation -- as Ben Franklin explained -- with no public debt for the mere existence of money. That is the only honest money system.

Because, once again, if you let Banks create the money that can never work -- because then all the money in circulation can never cover both the total expenditure plus the artificially created debt. This deception forces the money supply to constantly expand and expand, which also causes the debt to expand and expand ... and the whole situation is unresolveable. And this can only lead to one thing: Exponential Debt, a devaluation of the money, and ultimately a crippled Economy.

This is exactly what Thomas Jefferson warned us against:

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property, until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

--Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin, 1802

Thomas Jefferson, Ben Franklin, James Madison, and Andrew Jackson all knew that you cannot let private Banks have all that power. They will destroy the Country. And this is exactly what has happened to this Country.

Do not defend it.

Remember, "The Fed" is not a government agency, and it does not operate for the benefit of the public interest. It is The Rothschilds privately-owned "Bank of England" Bankster-scheme to siphon off the Nation's wealth for themselves (as our all the World's Central Banks, along with the World Bank) -- which Andrew Jackson was the last President to have the foresight to cutoff and stop.

The Ben Franklin model (debt-free, publically managed money) is the only way in which wealth will no longer be accelerated and concentrated into the hands of the Banksters & WallStreet.