I used to think I was Republican, then just conservative. Now I am just a human. Political labels were only invented to divide and conquer us all. Stop acting as if Right V. Left is the same as Good V. Evil. Maybe everyone should check out what mamal is saying. If we are fighting with each other then we certainly won’t have a problem waging wars all over the world.
War is very tragic, but under our current system of government finance, and it very profitable as well. We borrow every single dollar the government uses. We are broke, in debt in fact. We talk about a national debt but does anyone question what it is and to whom we owe it?
Our government has a U.S. Mint. Do not be fooled into thinking that they are the ones that create the money. Before any coins are minted at the U.S. Mint, we borrow money from the Federal Reserve. They, as it were, are a private for-profit central bank connected with the World Bank and The International Monetary Fund. Every single country, under a system of credit controlled by any of these institutions, is in debt.
Here’s the reason. We borrow the money from the Federal Reserve. As with just about every loan, there is interest attached. That is an easy enough concept to follow. Except that under the U.S. constitution, our Congress is supposed to issue the currency. Congress did, at various times in U.S. history, issue U.S. Treasury notes as opposed to the last 80 years of the Federal Reserve Note as stated on each bill. The money Congress creates is the same type of money that the Federal Reserve would produce, and that is called fiat money. That simply means that it is backed by the faith of the government and not something tangible. One difference between the two is that there is no interest on government issued money. If they distribute only enough to sustain commerce we don’t need to worry about inflation, booms or busts.
Borrowing from the Federal Reserve does indeed cause our nation to incur a quite unnecessary debt. While the Federal Reserve makes the same claims in providing stability that our constitution directs our Congress to provide they still ride on the backs of all citizens with the viscous usury.
Fiat money can be dangerous because there is no ceiling for the amount of money that can be created. Discipline is the only thing that can keep a fiat money system in check. The Federal Reserve knows that they can print unlimited (paper) wealth. The sinister effect, if it hasn’t already become even slightly apparent, is that the system makes paying off the debt impossible if we stick with them.
The first few years were crucial after the creation of the Federal Reserve in 1913. In order for them to profit they needed the country to start mounting a debt. Until that point, when the country did have to borrow money, which was a rare occassion, we paid it back soon. Generations past understood the consequences of having a debtor master, the founders learned it well from the Bank Of England. We entered in to WWI only seven months after they were established. We had to borrow all the money the country uses from them.
The debt was not designed to be paid off. They create a certain amount of money and expect more than they printed. It was designed to be paid on constantly, not paid off. Along side the Federal Reserve Act was the Income Tax law. That tax guaranteed the Federal Reserve payment. There had been no need to tax the labor of the people prior to 1913. For 137 years prior the government got along just fine.
We are seeing bailouts to big industry. Any and all spending programs, including wars will be funded by them. Why not, what bank wouldn’t want to rack up interest payment? The companies that are getting bailed out are owned by those that invest at the Federal Reserve.
The Government is bankrupt, FDR seized all of America’s gold and threw it in Fort Know. Later the government signed over the gold to the Federal Reserve as collateral on the debt we owe them. The big joke about the government is that they issue bonds, but they don’t produce their own currency.
Congress doesn’t need to declare war anymore for blood to be shed, it just needs to be paid for.