George (12/26/’09) is the only one with a goal, and it’s the right goal.

You can’t tell me that Presidents Andrew Jackson, Lincoln, Polk, Garfield, Roosevelt, Truman and Kennedy were all nut cases because they opposed a central bank in America. The only common thread that links these men is that they opposed a private, national, central bank. There is no other issue with this commonality.

The bankers tried to kill Jackson twice and failed, they got Lincoln, Garfield and Kennedy, almost got Roosevelt.

They have and will do anything to maintain their control over America’s politicians, monetary, defense and trade policies.

Now they have us right where they want us: bankrupt and in perpetual debt, with a worthless currency. They did this to Argentina, Brazil, Indonesia, Thailand, and other nations, yet we failed to learn the lessons or listen to those courageous enough to warn this nation.

Instead these messengers were skillfully marginalized by the complicit media, and “acolytes of the powerful European Central Bankers, Rothschilds, American oligarchs, Rockerfeller, Mellon, etc. and economists/bankers Greenspan, Rubin, Dugan, Boskin, Freidman, etc.”

In the next 12 months Americans will have first hand experience of what deflation is and how we will suffer because the Federal Reserve System will not use a more rational strategy to reinvigorate this economy. They need only follow the examples of Australia and China. Doing that would however, deny profits to Wall Street and the owners of the Federal Reserve System.

Indeed it would require abandoning the “too big to fail insanity.” It would creat massive paper losses for 5 banks and a handful of very greedy bondholders. Let the FDIC take over these banks, put their various parts on the auction block, pay out the max ($250k) for account holders re-enact Glass-Steagall, enforce anti-trust laws, and return sovereignty over our currency to us, the people. We have the regulatory machinery now and have learned that we need to have independent regulators not the Fox (Fed) gaurding the coop, or corrupt for regulators of the last 30 years or more.

Then we can get to the following issues:

Tell me does it make sense for the Federal Government to charge itself interest on money used to fund the national budget?

Tell me why it makes sense to flood banks with zero interest money and then refuse to do the same thing for Main Street?

Tell me why it makes sense for the Fed to increase its reserves by $1.7 trillion and not generate growth in this economy?
And instead put us on the brink od hyperinflation.

YES, kill the Fed. We can do much, much better without it. We can save $500 billion in debt service payments, and use these tax receipts to fund real budget priorities instead of debt service.

BTW. The Treasury Department can and has performed all of the currency management functions of the Federal Reserve.

They will throw you in the BRIG!

Tomorrow is too late, they want you dead you fools, or at least enslaved like you are now, only worse.

It’s all about who issues the currency, or the money supply. As long as a few dominant evil men control issuing our country’s currency, it is their agenda alone that they will pursue.

When will all the simple-minded so called scholars realize that all the babbling in the world will not change the evil practices that kill countries and people all around the world for the interest of profit, and not the betterment of people?

Fiat Money, Fractional Reserve Banking has killed your country, what are you doing to better your family?

Kill and Destroy the Federal Reserve System, hang it’s owners and all who are accomplice in their crimes, and return all the wealth they have stolen to the American People.
Immediately after that, converge on the Capitol Building and set up gallows to hang every single House of Representative, and every Senator from the neck until dead for their treason to this country and it’s people.

Wake up!

Moreover, since cash and interest, payed to bond holders, substitutes for longer term investment expectations presented by bonds, it is unlikely that the former bond holder will take the cash and spend it immediately. They will optimize, converting cash to other investments, real estate, commodity futures, etc.. In an imperfect world the bond is reassuring as a store of value. Why under a bond redemtion scenario would the bond holder just hoard cash rather than seeking a decent rate of return? There is no devaluation.

It’s not just social security for which the government issues debt instruments, it’s everything in the federal expenditure column that is not financed from revenue collections.

As for the government charging itself interest my point is that we don’t have to buy into a system of interest charges when in reality all that the banks and the government are doing is making book entries for debits and credits so that everything balances out.

“We’ve seen that over 99 percent of the money supply is now borrowed into edxistence from the banking system, and that these loans are all at interest to the banks. That means more money is always owed in principal and interest than was advanced in the form of loans. A dollar borrowed at 5 percent interest becomes a debt of two dollars in 14 years. That means the money supply has to double every 14 years just to produce the interest to service the debt to keep the money supply in existence; and as as the money supply inflates, so do prices. An inflating money supply isn’t necessarily a bad thing so long as the new money is used to produce new goods and services; but in this case it is being drained off for the non-productive purpose of paying a service charge to private banks for lending money the never had to lend.” (”Web of Debt” , p. 432

I strongly oppose being locked into an 18th century money system designed around the endless rape of the planet based on the robber baron mentality and flawed with unrepayable debt.

As for the government charging itself interest, I also don’t agree with your logic. There are several areas where the government borrows from other government agencies and accumulates interest charges. Just taking one example – social security – don’t forget that is private citizens who actually own that money, and are therefore lending it to government agencies. The federal government is just acting as the flow through of that money. If the government wants to borrow from the market it would have to offer a competitive interest rate. And that same competitive rate must be accumulated as a liability to the owners of that debt – the future retirees of America who paid into it.

Say you’ve got $20,000, half in cash and half in interest bearing bonds. The gov. calls the bond to get it out of circulation and gives you it’s “thin air” money for the face amount plus interest. You’ve still got $20,000+. There has been no flood of money,just a trickle of interest. There is only a flood of money when the gov. fails to retire the bond. It’s reissue would contribute to the amount of money available and thereby, inflate the economy.