dckingsfan wrote:stilldropin20 wrote:dckingsfan wrote:Of course I am.
This is just factually incorrect.
This is much closer to correct. It was 6% in 2016.
This is factually incorrect. The Treasury would still be able to issue bonds. Unless you are saying the Treasury would issue 0% bonds and people would purchase them.
2. Solves the problems. You can just skip 1.
You have not been listening. I have been mentioning this for 12 months. The treasury would cease to issue bonds. No more bonds. And Issue notes instead. They would just print money, themselves. but in this electronic environment, they likely would not even have to incur the cost of printing. just issue the electronic funds or very large notes. AKA "legal tender."
It doesn't sound like you are aware, the the United States treasury department used to print money. And it worked. The treasury would issue and contract money from the money supply as well as determine interest rates. They used to do it all. And did so from the onset of the founding of this country 1776. for about 20 years. Then that POS, Alexander Hamilton and Biddle lobbied congress to set up the first version of a privately owned central bank. Whioch lasted 20 years. Andrew jackson Killed the banks. and killed them for nearly 100 years. The US treasury department was in control of our money supply and the issuance of our money for nearly 115 years of the first 135 years since the USA was "founded."
And we flourished!!! We did just fine. We balanced our budgets and even funded a civil war. We did not have income taxes!! Instead we had tariffs on both imports and exports. Which means "big business" paid for the costs to "run" the country.
The everyday working man and the working class slowly organized and fought for fair(er) labor laws (only 12 hours per day ,6 days per week lol) and he was rewarded with 10% income taxes(first ever) in 1913 federal reserve act. And the government eased up on tariffs in throughout the 1920's. So with the federal reserve act of 1913. Our government began to shift away from taxing corporations and instead taxing workers. You can thank woodrew wilson.
Not only did tariffs on exports and imports slowly fade until the trade wars of the 1930's but we the people also began to borrow money and pay interest.
European bankers successfully lobbied congress to allow them to institute a central bank. These same European bankers had already begun to fund both allied and axis powers in WW1. Were now already ramping up for another arms race for WW2. All at interest. For money they didn't even have.
by 1945 the industrial war complex of the world central banks had successfully funded the deaths of over 100 million people and nuclear bombs had been funded and created which created an even larger arms race than before 1938. All of it on borrowed money. All of it on money that did NOT even exist. It was created out of thin air via fractional reserve lending. All of it. Every single penny.
And what I'm trying to say is why do we need private owners of our federal bank? Why pay 5% interest???
We can still create the money out of thin air by printing "notes" instead of Bonds using the exact same techniques that the federal reserve uses. Except it would be interest free. If we own the banks that create the money, why charge ourselves interest? Or if you do pay interest, pay it to ourselves.
It would save us $310 billion per year on interest payments.
You know the problem with your rants - you start with something factual and the posit that something that isn't true comes out of the fact.
Flowers are beautiful. God is beautiful. Flowers are god.
You follow a line of reasoning until you posit that WWII was caused by central banks. Wow.
You could just say you want to go back to the Treasury printing money instead of the fed. Again, that doesn't really change anything if you are spending more than you are taking in - you will still depreciate your currency. 1) matters - 2) doesn't matter if you are doing 1.
The difference is - back in the "old days" they had a smaller budget and the legislature took their jobs seriously with respect to fiduciary responsibility.
BTW, why did the US implement the first income tax? To pay for the Civil War.
Don’t tell me? You think Hitler created tanks out of thin air?
It takes money to build up an army. Occupation of Germany after World War I was extremely relaxed. Why?? 20 years later Germany was fully funded for a Second World War. Amazing.
How? Why?
It’s called money. Who do you think they got it from?
Here’s a hint… From exact same place every warmongering country has ever gotten money for their wars for the last 200 years.
At some point we have to blame the banks that fund these war mongers , don’t we?
And that’s one of the dangers of private central banks. They don’t really care who and why and where they “loan” money. so long as they don’t get too bad of press and get their money back with 5% interest. Here’s a hint on the press angle. The Rothschilds have owned or funded or lend money to purchase the Washington Post Chicago Tribune economist they own out right San Francisco Chronicle London times New York post and frankly I could go on. The originally Rothschild funded start-up Rockefellers Bank of America owns NBC and everything under its umbrella. They own MOST of the effing press folks. That’s why they don’t get bad press.
And that’s why they have such a hard on for social media and Fox. Because the bankers dont own either. yet. Their investment banking arms are slowly getting control of both though acquisition of shares so its just a matter of time before the bankers via their investment banking divisions own and fully control your social media feeds. But they dont own and control social media yet so they have fully flipped out because they can’t control the narrative as well. Don’t get me wrong. CNN, Time warner, MSNBC are all trying really **** hard.
It’s a problem.
Yes, we need central banks. Yes, we need a central banking system. But it does NOT have to be privately owned. This is something we the people should still own and our governments should be in control.
I mean seriously why the phuck do we have public school system,public mail service, public police departments, public fire departments, public military, public everything really? Yet our banking system and our money is ownedd by private corporations. Our banking system and our money is the most important asset/resource that we have. And our Congress and President in 1913 gave it away to private corporations? That sounds right to you?
So they can lend us back, what is already our own effing money?? And charges us 5% interest? That interest now cost us $310 billion per year this past year? That’s right to you? This is not a "spending" problem? . $310 billion in annual costs is not large enough????? And we dont get anything for it. no product. its just interest payments on what was already...our own damn money!!!
And these central banks are not publicly traded. They are private corporations. so we never see an SEC filing for anything. you can Not follow their money. Its essentially dark money. they darkest of the dark because they are allowed to operate under secrecy in what our bought off and paid for government "agents" tell us is a matter of national security.
Why??????!!!!!!
This is the biggest problem we face as a nation. as a people. as a country. And really the entire world faces exact same problem in their own countries. Not only have we all become enslaved to the interest payments that our country "borrows" but we are borrowing money that they don’t even have. That they are creating out of thin air via fractional reserve lending. and we are paying them 5% interest for their creation of money. This is the biggest scam the devil ever pulled on mankind.
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