The Inside Assyria Discussion Forum #5

=> Federal Reserve Act

Posted by atheist (Guest) - Thursday, July 29 2010, 16:44:14 (UTC)
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..it took only 13 years from the passge of a "sound money system" for private bankers to bring on the Great Depression...they did it by flooding the market with easy cash and then encouraging speculation in the market...which is basically all they ever did and were set up to do...among a few other things. The money-people made money either way...win or lose.

Do you think the same would have happened if the government had printed its own money? Would the government have printed excess dollars for people to play the market...or go to casinos figuring to tax the winners as a way of making back the money?

No, I think not. I think the government would print money to use as FDR did...to put people to work, to produce goods and services in order to improve every citizen´s life and the prospects for their children....which is not even part of the equation where bankers are concerned, if we´re able to struggle and work ten jobs and hence provide for our children, good for us, but the bankers could give a shit...but the government HAS to, when it is free from private control.

FDR´s mistake was borrowing even more money from the same bankers...but at least he had the right idea about what to do with the money.

Every city has potholes and infrastructure and schools and hospitals which could use repairs and upkeep...and every town and city has the people who need the work and the imptovements...just as during the Great Depression there was no shortage of good, skilled and willing, labor and no shortage of need either...all that was lacking was the money...and the money was controlled by private bankers.

Even then FDR didn´t spend enough to get us out the Great Depression...he didn´t dare "increase the national debt"...which is the only way the government gets money...from private banks. It took the Second World War, the biggest "public works project" in history to get the country out of its hole...and eventually even into more debt.

Sorry...it is private banks who lead us into hyper-inflation, not the school board that needs extra desks.

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