This debt is getting unmanageable. We, (the people of this country), clearly need a way out of this chain of economic slavery around our collective necks.
This has been a board of smart people, so I am suggesting for discussion here, that people demand the nationalization of the "federal reserve" banks, (the ones who have enslaved us.) Then we would owe mostly just ourselves what the fed has "bought" in debt these past years, since China and Japan are net sellers and not buyers. Now, I know there will be opposition to this. I just was hoping to open the discussion up to illuminate the pros and cons of such a move. After all, Congress is charged with the regulation of our currency, and we should make them do their duty. That's what they are supposed to be getting paid for, after all. Then we would be rid of the parasite we lovingly call the "federal reserve".
So, how about sharing your insights on this idea? Pros and cons?
Keep inflating the currency until all the debt is worth a loaf of bread in dollars, and then convert back to gold printed on paper.
Literally. Your gold and silver, worth $100 the tenth of an ounce, could be then layered with sticky on the back of paper. To pay, you peel off a sliver of this paper.
Dots would replace paper money.
See how easy that was?
There is no money.
Money is equity. Money is gold,silver, beans, oil.
Money has no liens against it.
Federal reserve notes are the opposite of money. They are created as debt. They are a promissory note to pay money at some future date.
"legal tender for all debts public & private" is a misnomer.
You cannot pay a debt with a debt. The math doesn't work.
The debt therefore compounds and compounds.
This post will merely serve to confuse & confound 98% of those who read it.
The truth about money & the so-called 'Debt'.
EXCERPT <but then Daly cross examined the banker about the creating of money "out of thin air," and the banker admitted that this was standard banking practice. When Justice Mahoney heard the banker testify that he could "create money out of thin air," Mahoney said, "It sounds like fraud to me." I looked at the faces of the jurors, and they were all agreeing with Mahoney by shaking their heads and by the looks on their faces.>
i dont see qe3 right away, everything will take a big hit initially, including commodities, i plan to hold slw until next earnings, and then go to alot of cash and possibly bet against the market, who knows whats going to happen, you guys bring up interesting historical points i have thought about before, some think since the federal charter expires in 2013, the us gov has an option to extend it, or completely default, since the federal reserve is essentially owned by foreigners, this could be the beginning of a global currency
I agree backing the Dollar to Gold but the "FED" must be dissolved. They are the Worlds RICHEST PRIVATE CABAL intent on controlling Worldwide Financial Currencies. The "FED" should not be in control of our Currency. Mr. Hyde has reared forth and threatens America's very existence.