Tue, Mar 3, 2015, 5:42 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

SPDR Gold Shares Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • naptimen naptimen Jun 6, 2011 12:57 PM Flag

    Creation of a currency

    "The 50 years of war left England in financial ruin. The government officials went begging for loans from guess who, and the deal proposed resulted in a government sanctioned, privately owned bank which could produce money from nothing, essentially legally counterfeiting a national currency for private gain.

    Now the politicians had a source from which to borrow all the money they wanted to borrow, and the debt created was secured against public taxes.

    You would think someone would have seen through this, and realised they could produce their own money and owe no interest, but instead the Bank of England has been used as a model and now nearly every nation has a Central Bank with fractional reserve banking at its core.

    These central banks have the power to take over a nations economy and become that nations real governing force. What we have here is a scam of mammoth proportions covering what is actually a hidden tax, being collected by private concerns.

    The country sells bonds to the bank in return for money it cannot raise in taxes. The bonds are paid for by money produced from thin air. The government pays interest on the money it borrowed by borrowing more money in the same way. There is no way this debt can ever be paid, it has and will continue to increase."

    http://www.xat.org/xat/moneyhistory.html

 
GLD
115.47-0.21(-0.18%)Mar 3 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.