Nathan Mayer Rothschild (1777-1836, who once said: "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain's money supply controls the British Empire, and I control the British money supply.") was the head of the bank in London.
Mymini, I don't think anyone is arguing w/ your points, they're all valid. And yes a person can use certain aspects to their advantage, I do it myself. Gotta love that busness cycle lending @ 2.9%, kinda like when market makers drive price higher just to dump inventory or get short. As traders we can take advantage of this but it has a crippling effect on the masses. You can focus on as many happy thoughts as you like but if you're living in the midst of chaos it won't matter much.
"I dare do all that may become a man; Who dares do more is none." That quote says it all. I've been watching the news on the candidates and not one word has been said about Ron Paul, not one. I've also watch clips of Giuliani and i have to say, you can tell how ignorant Americans are, they clap at this guy comments even tho they are some of the dumbest comment ever. http://www.youtube.com/watch?v=2ZfBl_CI7gI http://www.youtube.com/watch?v=K7aFXRAW7mg http://www.youtube.com/watch?v=vSk4SUpWVuY
Sorry, I missed this earlier. You should like this site, it has a lot of resources/articles debunking right wing politics. http://www.publiceye.org/index.html
I never saw you link to the websites that support your view. Did I miss your post? Haroki, just in case you're just misinformed and not a paid propagandist, here's how it works: 1. Congress wants to spend more money than they bring in through taxes, so... 2. Treasury prints some paper and calls it a bond 3. Fed buys that piece of paper by putting some zeros in the Treasury bank account. The money didn't exist before. It's a bookkeeping entry. 4. Treasury spends the brand new money. So Congress gets free money and gets to spend it. But each new dollar that is created like this devalues all the existing dollars. So each time this happens, the money in your bank account devalues a little bit more. This is inflation. So in other words, the Treasury wants to spend more money than they take in so they covertly steal it from the public. And we owe the Fed trillions for providing the service. This has been going on since 1913 and today the dollar is now worth <4% its original value. The only way to describe the above is "legalized fraud". That's how it works Haroki. It's really very simple. Genius, but simple. And we fell for the scam for nearly 100 years.
b/c interest is paid on the gov't spending so unless the gov't receives more in tax revenue than its spends, it will have to keep printing more, is that correct ?