What passes for central banking today is really a perverse form of Wall Street-pleasing monetary manipulation. It employs the vocabulary of central banking
In other words Kinsian economics has failed 89 times and the US is about to become the 90th. Kinsian economics gives way to what the US Constitution was founded on - article 1 section 10 (gold and silver backed currency) Austrian economics. I wonder how the Federal Reserve was voted in when congress had all left to return home on December 23rd. After all there were no planes flying to take them home.
Why is it that the first time I read this at Lew Rockwell I was thinking...why is it the most ignorant people when it comes to monetary reality get the most limelight? For one thing...
"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money--almost any amount of it."
~ The National Debt, Federal Reserve Bank of Philadelphia, p. 8
ALMOST? Why only ALMOST? What keeps them from creating ALL they want? You? Me? Your dog? A full moon?
Federal Reserve Notes are not federal, represent no monetary reserves and no longer conform to the definition of notes. Failing to state who, will pay what, when or to whom - they ceased to be legal tender notes, (offers of money) almost 60 years ago. They are in fact instruments of legalized THEFT.
And seriously? If we were using some THING as money, which according to the Constitution would have to be GOLD and SILVER, you could have a deficit. But if you are using NO thing as "money" please explain to me what the debt is in? If you can, send me your address and I'll send you 100 pounds and even pay shipping! How about THAT? Stockman has been brain dumbed by the whole smoke and mirrors Wizard of Oz crap and what you just read is the end result. A lot of mumbo jumbo that when you take a reasonable look at it...MAKES NO COMMON SENSE! Tell me if this helps...
I'll end with this statement from Merrill Jenkins who makes David Stockman look like a kindergarten drop out... "The writers of the constitution knew exactly what they were doing when they wrote in Article I Section 10 paragraph 1 'No state shall... make anything but gold and silver coin a tender in payment of debts. ' People able to barter with gold and silver coin control government and are free. Loss of the right to trade in gold and silver coin enslaves people to the creators of psychological 'money.'":
In other words Kinsian economics has failed 89 times and the US is about to become the 90th. Kinsian economics gives way to what the US Constitution was founded on - article 1 section 10 (gold and silver backed currency) Austrian economics. I wonder how the Federal Reserve was voted in when congress had all left to return home on December 23rd. After all there were no planes flying to take them home.
Why is it that the first time I read this at Lew Rockwell I was thinking...why is it the most ignorant people when it comes to monetary reality get the most limelight? For one thing...
"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money--almost any amount of it."
~ The National Debt, Federal Reserve Bank of Philadelphia, p. 8
ALMOST? Why only ALMOST? What keeps them from creating ALL they want? You? Me? Your dog? A full moon?
Federal Reserve Notes are not federal, represent no monetary reserves and no longer conform to the definition of notes. Failing to state who, will pay what, when or to whom - they ceased to be legal tender notes, (offers of money) almost 60 years ago. They are in fact instruments of legalized THEFT.
And seriously? If we were using some THING as money, which according to the Constitution would have to be GOLD and SILVER, you could have a deficit. But if you are using NO thing as "money" please explain to me what the debt is in? If you can, send me your address and I'll send you 100 pounds and even pay shipping! How about THAT? Stockman has been brain dumbed by the whole smoke and mirrors Wizard of Oz crap and what you just read is the end result. A lot of mumbo jumbo that when you take a reasonable look at it...MAKES NO COMMON SENSE! Tell me if this helps...
https://www.courageouslion.us/p/blood-running-in-the-streets-mobs
I'll end with this statement from Merrill Jenkins who makes David Stockman look like a kindergarten drop out... "The writers of the constitution knew exactly what they were doing when they wrote in Article I Section 10 paragraph 1 'No state shall... make anything but gold and silver coin a tender in payment of debts. ' People able to barter with gold and silver coin control government and are free. Loss of the right to trade in gold and silver coin enslaves people to the creators of psychological 'money.'":
-Merrill Jenkins, Sr.,
Money - The Greatest Hoax on Earth