I hear alot of people concerned that Obama is going to spend all the money, well folks I hate to be the bearer of bad news, but the USA has not had any money since 1914. Since that day the good ole USA has only had debt, you know its debt too, just look at a federal reserve note ( The US dollar) it says it is debt right on it..this note is legal tender for any debt public or private. Every dollar produced is a representation of someone elses debt, its not backed by anything and is actually valueless. Fiat currencies always fail in the end ( the USA is a fiat currency) because they only create debt for 99% of the population.... A few interesting quotes from some of the founding fathers here.
[FONT=COMIC SANS MS,PALATINO,BOOKMAN OLD STYLE,HELVETICA,ARIAL,TIMES]The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. ...Thomas Jefferson
[/FONT]"The result of this whole (Federal Reserve) system is massive debt at every level of society today. The banks are in debt to the depositors, and the depositors' money is loaned out and creates indebtedness to the banks. Making this system even more akin to something out of a maniac's delirium is the fact that banks, like other lenders, often have the right to seize physical property if its paper money is not repaid."
- William Bramley
"A new dimension of trust had added to the illusion [of real worth]. Finally, the last prop for the money illusion was kicked away in this century: the gold standard was abandoned."
- William Greider
"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected."
- John Danforth (R-Mo)
"This [Federal Reserve Act] establishes the most gigantic trust on Earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."
- Charles A. Lindbergh, Sr. , 1913
Oh and just in case some of you didn't know. Your income tax is used to pay off the national debts interest..every penny of it. Your tax money does not pay for medical care, special programs, highways, military etc etc etc. nope we have to borrow all the money from the federal reserve to pay for those programs. The federal reserve was created in 1913 and surprisingly enough so was the federal income tax. The IRS is the federal reserves collection agency. Oh and one other thing, the fed income tax was never ratified by the required states and is therefore unconstitutional. There is NO law that says you must pay income tax, it does not exist. But if you don't, the IRS will take everything you own over a small amount of money.
The economy is doomed no matter who gets elected, we owe the fat cat bankers so much money its not possible to fix it.We owe approx 72 trillion dollars, thats alot of money seeing as the entire nations Gross Domestic Product is 13 trilliion. Basically every working person would have to forfeit 100% of your paycheck for 8 years to pay it back. Sad. But the saddest thing is that it cannot possibly ever be paid off. Since there is only principal moeny and no actual money produced for interest, the interest can never be paid off! After everyone goes bankrupt, the very same people who gave us our loans will also own every asset.
Watch this for more info...
YouTube - Money, Banking & The Federal Reserve ( part 1 of 4 )
... Wow! the stupidity & ignorance of the entire group of what ever the fuck you are
. good luck with the new era everyone
