Originally posted by: SphinxnihpS
Since 1913 the banks and the government have been one in the same entity. Any appearance of separation is simply a parlor trick to keep people from complaining about the Constitution, which finds these types of relationships abhorrent and specifically proscribes them.
There is nothing in the Constitution that proscribes them. Please point to the specific area. If you're talking about the ability of only Congress to print/coin money, then that is a bald faced lie and has been refuted many times and turned down by the Supreme Court repeatedly.
Since 1913 the US economy has been an entirely fake contrivance of the Federal Reserve system, which sets all the interest rates, authorizes all the printing and distribution of money, and creates all the rules governing how money can be used.
How is it a contrivance? Wealth is created, we are the world's wealthiest country, everybody knows it. We live fucking well compared to most other countries, it is impossible to deny this.
The open market sets interest rates. The Fed sets interest rates it charges banks in the system. If the Fed controlled interest rates, then why are credit card ABS bonds still pricing at 7% for a AAA 5-year? Why are mortgages still relatively high compared to treasuries? Why are risk spreads of almost all bonds at 20 year highs? I thought the Fed controlled it all?
Sorry, but the MARKET controlls interest rates, overall. SUpply, demand. The Fed can alter some of it, providing liquidity (or denying it) but it cannot change the market value of interest rates beyond the Fed Funds rates.
Prior to that time, each and every dollar you owned was "backed by gold" and could be directly exchanged for such ON DEMAND. Someone had the bright idea (clever idea), to convince the public via crooked whore politicians (redundant I know), that there was not enough gold. ROFL.
Wow, backed by gold. So we put our currency in the hands of those who could redeem our debt for gold. Too bad that almost ruined us in 1907. Nobody used gold before, exchanging it was stupid. When it comes down to it, gold is a floating commodity valued by the open market. Our currency is a floating commodity valued in the open market right now. net-net, not one fricking thing has changed.
Gold is a silly peg, it makes no sense, since it is deflationary in nature, way too vulnerable to attack, impossible to adapt economically, and puts us at risk to manipulation from foreign governments (they could trash the currency by flooding the market with gold, or witholding it).
There isn't enough gold to contain the world's wealth. It's impossible to do.
Despite the fact that the economy looks complicated and seems like it requires enormous oversight and management, this is simply not the case. A free market is a simply thing: People create wealth by working, and the amount of wealth is set by the supply and demand for end product of that particular work. Nothing else is required. If you think otherwise, you have been indoctrinated with lies, pure and simple.
Wow, simple life model for a simple mind. The "free market" is a sham. Even Adam Smith, among other people far smarter than me or you, recognized that there should NEVER be a free market. Why?
It's inherently abusive to those without capital, for those with capital. As more capital is accumulated at the top it becomes even more abusive. WHy? Because the people with capital can abuse the system, get away with it, and escape from the system before the market can react. There are thousands of cases like this throughout history. The government is needed to prevent those cases to the best of their abilities.
We had a "free market" system in the 1800s and it screwed people over. There's a reason why they were called Robber Barrons.
If you think it requires a revolution to un-embed us from this nightmare of financial enslavement WE HAVE GOTTEN OURSELVES INTO, you are wrong. People simply need to wake up one day and decided that the Federal Government in its present form is entirely illegal, and simply abolish most every aspect of it via law.
John Lennon asked everyone to imagine a world without God. I ask you to imagine a world without the any of the 100s of federal government agencies which suck away our and mismanage our money and tell us how to live. Free to do as you're told is not free.
Again, prove why the Federal Government is illegal.
Imagine a world where people who posted bullshit FUDD didn't exist. Perhaps we'd actually be more rational in our economic decisions.
