The Inside Assyria Discussion Forum #5

=> Money

Money

Posted by pancho (Moderator) - Sunday, January 25 2015, 23:40:53 (UTC)
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Unless we address the issue of how money is created....that there is nothing backing up any any paper...that it's all "taken on faith"...unless we stop borrowing form private banks, like the Federal Reserve, we will be in increasing debt forever....more and more of our taxes will go to paying just the interest on all the money our government borrows from the Fed.

It doesn't matter if we attain a paradise for all people and children...doesn't matter if we stop spending on war and weapons and devote all our funds to schools, and health and quality of life...doesn't matter in the long run because so long as our money comes from private banks, we will still go deeper and deeper into debt with no way out. That was FDR's mistake,,,he funded The New Deal by borrowing from the same bankers....the debt only increased.

We, the government, must print our own money...that way we only have to pay back what we borrow, without interest payments...and we can print as much money as we need, wisely....whereas now we print whenever the Fed needs to...for THEIR sake, not for ours.

Without changing this system, everything will go to smash eventually...as it has been.

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Money pancho - Sunday, January 25 2015, 23:40:53 (UTC)
- Re: Money Rashad - 01/25 23:48

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