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Do you understand Money, Debt, Inflation, and The Federal Reserve?

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Teddy Roosevelt:

--- Quote from: Chief on June 12, 2007, 02:21:04 AM ---
--- Quote from: Ted Is Unofficially Voting for Ron Paul 2008! on June 12, 2007, 12:00:27 AM ---3.  Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?



Correct.

--- End quote ---

i disagree, if every person is willing and able to work, they could. here in australia the government provides work for those on welfare who are able to work, but cannot find it.

--- End quote ---
If the government is providing work to the unemployeed and has a welfare system, then it is not truely capatalistic.

TraceOneInfinite:

--- Quote from: Jrome Is Officially Voting for Ron Paul 2008! on June 10, 2007, 10:24:21 PM ---

jeromechickenbone:

--- Quote from: Shakur Abdul-Latif's Definition Of Hip-Hop..by -Infinite- on June 12, 2007, 11:13:18 PM ---
--- Quote from: Jrome Is Officially Voting for Ron Paul 2008! on June 10, 2007, 10:24:21 PM ---

jeromechickenbone:
And I can't speak on the influence of Islam during this time, as I haven't researched it.  But understand what this is illustrating. 

What is the golden rule?  "Do unto others as you'd have done to you"....SHUT THE FUCK UP! The golden rule is "He who has the gold, RULES!!!!!!"

Well what was done by Britain in this time and ultimately in the United States in 1960's was the dissolution of the gold standard.  Our fiat money today equals that of monopoly money...nothing.  We used to be able to transfer our currency to gold.  Not anymore.  See the Federal Reserve & The IRS.  The Federal Reserve is a private bank, just like any bank that we cash our checks at every week.  Nothing special about the Federal Reserve.  Except this:  Our government has the right and the ability to print it's own money.  They elect not to do that.  Instead, they elect the Federal Reserve to print our currency, and Washington BORROWS this money.  When I say borrow, I mean finance.  Washington borrows the money, and has to REPAY that money PLUS INTEREST to the federal reserve.  Who owns the federal reserve?  We don't know, because that is undisclosed information.  So tell me why, our govt. would elect to hire someone else to print our currency and pay them interest?  Who is making profit from that interest?  Why don't they want to disclose who the owners are?

And on top of that, who do you think foots the bill for that interest expense?  WE DO.  That is where your tax dollars go.  Not to roads, not to welfare, not to the poor, not to the have nots.  It goes to pay the interest expense that our government incurs all because they choose the Fed to print our money even though they have the wherewithal to do themselves.

I'll post some more stuff on the Federal Reserve and the IRS later.  But understand that when a guy like Ron Paul wants to remove the Federal Reserve, yes, it will affect out bi-weekly paychecks, but that is not what is driving him.  He believes that our currency should be backed by a tangible good.  Silver & Gold?  Maybe, but there have also been very intersting arguements that we base our currency on all of the great infrastructure of the United States, which makes a ton of sense to me.

MC TenderLust:
i understand money bought me these fresh white air forces, and this delicious orange slice milkshake

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