Money is debt
Out of context: Reply #19
- Started
- Last post
- 31 Responses
- bliznutty0
"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money ."
- Josiah Stamp
http://en.wikipedia.org/wiki/Jos…"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of colonists to get power to issue their own money permanently out of the hands of George the III and the international bankers was the PRIME reason for the Revolutionary War. "
- Benjamin FranklinAsk yourselves:
Question 1:
Why do governments choose to borrow money from private banks at interest when government could create all the interest-free money, itself?
Question 2:
Why create money as debt at all? Why not create money that circulates permanently and doesn't have to be perpetually re-borrowed at interest in order to exist?
Question 3:
How can a money system dependent on perpetually accelerating growth be used to build a sustainable economy?
Question 4:
If our American forefathers and ancestors died in the American Revolutionary war to prevent privatized banking of a nation, how then is the Federal Reserve Act of 1913 not to be considered treason?
"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom."
- Woodrow Wilson
http://en.wikiquote.org/wiki/Woo…