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View Diary: China Cuts US Credit Rating. Obama Cuts Hawaii Vacation Short. (171 comments)

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  •  The existence of the Fed (5+ / 0-)

    Is the conspiracy. The simple point is this: our government is borrowing money from a public/private bank and has to repay interest to said bank. wtf? The government prints the money, why should it have to borrow said funds from a bank that makes money through usury (which is banned in both the Bible and Koran)? Eliminate the Fed and our government gets rid of a huge amount of "debt."

    "Political ends as sad remains will die." - YES 'And You and I' ; -8.88, -9.54

    by US Blues on Wed Dec 26, 2012 at 07:45:35 AM PST

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    •  suggest you read the (2+ / 0-)
      Recommended by:
      Pluto, ozsea1

      history of the U.S. economy in the 18th and especially 19th and early 20th centuries to see why the Fed came into being. That should also give you a decent idea of what would happen if the Fed suddenly disappeared.

      It's not perfect, and does need reform, and lots of other shoulds and oughts, but exceedingly unrealistic to think it could be yanked overnight.

      We are often so identified with whatever thoughts we may be having that we don’t realize the thoughts are a commentary on reality, and not reality itself. -- Gangaji

      by Mnemosyne on Wed Dec 26, 2012 at 10:33:45 AM PST

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      •  The history of economics? Really? (0+ / 0-)

        The Fed came into being when the majority of Congress was home celebrating Christmas.  It wasn't done by "we the people", it was done by the fascist elites controlling our government at the time.

        Give me control of a nation's money and I care not who makes her laws

        ~Mayer Amschel Rothschild

        Within 20 yrs they collapsed the entire worlds economy and through their machinations, killed millions by withholding their money.

        They then instituted one of the greatest thefts of American wealth through gold confiscation.

        And they've repeated that process again and again.

        They did it when Nixon took us completely off the gold standard at Brenton Woods.

        They're trying to do it again.

        Now that we've established this history, review please the beginning quote from Rothschild.

        It is not about economics, its about total control and theft. They are above the law. Reference again, the HSBC deal.

        I must ask this: Why did we have a deflationary expansion for the first 120 yrs of this nations history before the Fed Res System?  Why did so many people including President Jackson fight against a "federal reserve system"???

        -7.62; -5.95 The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite insane.~Tesla

        by gerrilea on Thu Dec 27, 2012 at 09:36:27 AM PST

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