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View Diary: Why the rich act the way they do (203 comments)

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  •  See, that's wrong. Congress has been tasked (8+ / 0-)

    with managing OUR currency. Congress has engineered this diversionary process wherin the Treasury releases money to the Federal Reserve Bank (a public/private partnership) and the Fed lends money to the banks, for a minimal fee, so they can deposit it with the Treasury for a substantially larger dividend. Then the Congress pretends it can only spend for public purposes what the people have either sent in as taxes or the Treasury has washed through the banks and other financial players.
    Why does the Congress do that?  Well, giving our money to the banks insures that the banks will be supportive of their re-election and rationing the money spent on public works serves as an opportunity to reward and punish the populace, as appropriate.  
    The banks, of course, go along with this charade because it is to their benefit. However, it seems that Congress has over-played its hand. The rationing seems to have had the effect it usually does -- i.e. prompted hoarding by those who have. So, the rate at which money courses through the economy has gotten really sluggish -- moving more slowly that at any time since the 1950s when the volume of money was much less. When we had less money moving faster people were better off, even though many transactions involved no money at all. Now that everyone is hooked on using money, rationing makes it possible to impose widespread privation, which is, of course, the point.

    Why is Congress being insubordinate and subverting the welfare of the people? Because Congress isn't powerful unless it hurts.

    We organize governments to deliver services and prevent abuse.

    by hannah on Tue Feb 26, 2013 at 03:21:49 AM PST

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