Get Out Your Wallet
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From: DanB on 24 Apr 2010 15:29 P. Maffia wrote: > > The Federal Government completely controls the banking system, even > before Obama and the bailout. Paul is delusional too... He should come out of that cave he lives in and look at how the world really works... I'm sure if Paul were to search on 'banking lobby', this is all he would see: <http://www.ibat.org/files/images/MG9.preview.gif> Perhaps if Paul could explain this in terms he sees the world... <http://lakeweb.com/money/Total U.S. Debt to GDP.gif> And the likes of Morgan, Sachs always seem to come through with a profit. Just look at the smaller banks that were gobbled up by the FDIC, assets cleansed and passed on to Morgan for a song. <http://www.federalreserve.gov/pubs/frseries/FRSERI2.HTM> <http://www.federalreserve.gov/pubs/frseries/FRSERI4.htm> And Paul thinks that the government controls the Fed...
From: Michael Coburn on 24 Apr 2010 21:54 On Sat, 24 Apr 2010 10:21:51 -0600, m II wrote: > P. Maffia wrote: > >> Sorry boob, The Federal Reserve is, in its essence, a Government >> operation whose profits mainly go the US Treasury. > > You should tell that to these people: > http://www.save-a-patriot.org/files/view/whofed.html > > A more up to date list, with many of the same names on it: > http://www.federalreserve.gov/generalinfo/listdirectors/ > > Kennedy was about to buy back the right from the Reserve to issue money. > He was killed about three weeks before he was going to sign the bill. > > The Federal Government has a very minor role in the running of the > banking system. I wish the reverse were also true. Yet that is not the actual issue. What is being clarified here is that debt owed to the Federal reserve itself is debt owed to the US government and the interest on that debt goes to the US Treasury and not the the Banksters. -- "Senate rules don't trump the Constitution" -- http://GreaterVoice.org/60
From: m II on 26 Apr 2010 02:17 P. Maffia wrote: > If Kennedy wanted to do away with the Federal Reserve, all he had to do > was have the Congress revoke the US law that created it. He didn't have > to buy anything. And his assassination had absolutely nothing to do with > whether or not he was for or against the Fed. A clause was put in the original transfer of the money making rights that the US government could buy back the rights to issue and control the money flow at any time. The stated sum was one billion dollars. That was huge amount at the time of the deal. Today, it's peanuts and the money lenders stand to lose trillions in interest income should the situation revert to it's former state. We are rapidly heading into a feudal system, with a debt interest load on most people instead of the sharecropping of antiquity. Turning over half your income is no different than turning over half your crops. I note by your rather childish name calling that you do not do your homework before speaking out. mike
From: Michael Coburn on 26 Apr 2010 10:49 On Mon, 26 Apr 2010 00:17:15 -0600, m II wrote: > P. Maffia wrote: > >> If Kennedy wanted to do away with the Federal Reserve, all he had to do >> was have the Congress revoke the US law that created it. He didn't have >> to buy anything. And his assassination had absolutely nothing to do >> with whether or not he was for or against the Fed. > > > A clause was put in the original transfer of the money making rights > that the US government could buy back the rights to issue and control > the money flow at any time. The stated sum was one billion dollars. The government makes he laws and has all the guns and courtrooms it takes to enforce those laws. The boys in the black robes have law books and pens, and the bankers have only pens. I'm gonna put my money on the Congress and the executive. > That was huge amount at the time of the deal. Today, it's peanuts and > the money lenders stand to lose trillions in interest income should the > situation revert to it's former state. Yes... It is peanuts enough to be totally irrelevant, which it is. > We are rapidly heading into a feudal system, with a debt interest load > on most people instead of the sharecropping of antiquity. Turning over > half your income is no different than turning over half your crops. > > I note by your rather childish name calling that you do not do your > homework before speaking out. I did MY homework long ago and up until the late 90's I too was still captured by the ridiculous notion that fiat money had some sort of intrinsic value; some value other then the force of the state that issues it. The Fed is a transitioning edifice between gold and true fiat. The lie of intrinsic value is finally being recognized for the lie it has always been. Even when gold was used for a unit of account, _*MONEY*_ was what the sovereign would accept as legal tender of tax obligations. No gold, then you lose your chickens or you home, or you may go to debtor's prison. The banks operate only under a charter granted by the state. The "repo man" that takes your car or your house is simply a thief without the backing of the state. So _ALL_ debt collection is a function of the sovereign. -- "Senate rules don't trump the Constitution" -- http://GreaterVoice.org/60
From: Remy McSwain on 26 Apr 2010 11:36
In news:hr496n01sj(a)news3.newsguy.com, Michael Coburn <mikcob(a)verizon.net> wrote: > On Mon, 26 Apr 2010 00:17:15 -0600, m II wrote: > by the state. The "repo man" that takes your car or your house > is simply a thief without the backing of the state. The repo man is an agent of the entity to whom you promised something in return for what you received. You agreed that if you broke your promise, he will have the right, with the backing of the state, to take what he gave you. The fact that he then exercises that right doesn't mean that the repo man is an agent of the state. It only means that the existence of state backing of the deal you made is what paved the way for the deal to be made in the first place. |