Wrong!! Before 1913 if the USA wanted to create $10 million it could if it had the gold, the money issued would be INTEREST FREE. After 1913 if the USA wants to borrow money it MUST PAY INTEREST!! The interest is never created therefore impossible to pay off = Perpetual debt.
How to Employ 100,000+ Americans and Rebuild Our Country
- Thread starter Padawanbater2
- Start date
Actually before 1913 If the USA wanted to Create 10 million dollars all it had to do was print it
How wrong you are. Gold Standard, look it up. Government could not print one dollar unless it had one dollar worth of gold in the treasury. Dollars were warehouse receipts for gold or silver. the central bank changed all that and made it possible to just "print" money.
No such thing as the "gold standard" Nothing ever prevented the US from Printing up more money than Gold reserves EVER
Nothing Ever stopped Goverments From adding Alloys to Gold and silver specie EVER
laughingduck
Well-Known Member
Welcome back Duke.
Ringsixty
Well-Known Member
Why doesn't the government design and engineer our highways, railways, roads, bridges, schools, hospitals, etc. then contract hundreds of thousands of unemployed Americans to build them?
Why don't we build highway,roads, bridges etc. Because, the USA is broke and there is nothing in the bank. How did the last stimulus work? All those SHOVEL READY JOBS....what a joke. Even Obama and Immelt the head of GE and I forgot the name of other guy. Made a joke about SHOVEL READY JOBS "weren't as ready as they thought". Then laughed it off.
WTF???????
Stimulus plan my ass...Shit they could have cut us all a check and we could have spent it on useful things like...hmmm
Paying my mortgage, paying my debit, car loan etc.
So, we want to borrow another Trillion???? "scratching my balls on that one...for sure" That would be another ..BONE HEAD move.
Let's cut the BULL SHIT and get down to reality.
1. We need to drill, drill and drill our way out of this mess. The greenies need to STFU ... I hate hypocrites . They act if they don't benefit from the use of oil. ... STFU!
2. Address the Elephant in the room " Entitlements" That mean ALL and make the change. If you don't like that.. Tuff Shit!
4. Let's play a game called Flat Tax ... everyone gets to play...poor , middle class and the rich.
5.STOP SPENDING
6.We need to clean up the USA education system.
7. Tax the Rich a little bit more till the Flat tax replaces the old tax code.
I'm sure I can think of more things that can turn around this country and I believe you can too..
I rather not suck up to China or any other country anymore.
Everyone needs to sacrifice somethings.. Some a little more than other... Sacrifice is never far.
JMHO
How much money can the US government print now?
Ringsixty
Well-Known Member
They can print as much as they want. The more you print. Inflation goes higher and higher.
Would love to push a wheel barrel full of money to the market to buy a loaf of bread.
While your synopsis of what happens when you increase the money supply is spot on, the US Government cannot print any money. Only the Federal Reserve can print the currency we use.
Ringsixty
Well-Known Member
Yep you right about the Federal Reserve
The US treasury owns the presses and mints. The US treasury also Prints The bonds we use to Borrow with
It doesnt matter who prints it. It only matters who creates it.
Upon its demise the gold standard was abused and really not followed. Gold reserve systems are the archenemy of the fiat bank cartels. Gold is the anti-christ. It exposes very uncomfortable truths. The Fed hated the standard and begun abusing it upon the Feds creation in 1913.
Under our current system we would still be 10000000% better off if we were able to create money interest free and loan it to the states, even if it were fiat. We wouldn't have perpetual debt, and as a result we wouldn't be enslaved by a couple of private organizations. We would have control over our finances and our financial future. Even if we over spent it would be mathematicaly possible to repay it.
Upon its demise the gold standard was abused and really not followed. Gold reserve systems are the archenemy of the fiat bank cartels. Gold is the anti-christ. It exposes very uncomfortable truths. The Fed hated the standard and begun abusing it upon the Feds creation in 1913.
Under our current system we would still be 10000000% better off if we were able to create money interest free and loan it to the states, even if it were fiat. We wouldn't have perpetual debt, and as a result we wouldn't be enslaved by a couple of private organizations. We would have control over our finances and our financial future. Even if we over spent it would be mathematicaly possible to repay it.
NoDrama meant to say that the Federal Reserve creates the money. He is fully aware of how the monetary system works.
the problem isn't the fucking FED. how many times do I have to say it?
The problem is the deregulated financial sector that effectively has control of our wealth to do as they please.
re-regulate the financial sector and the economy bounces back.
Again what was the Regulations that led up to the Great depression? They were non existant. What party was in Charge?
Now we are in the Great recession and showing signs of recovery. Instead of Hoovervilles we have OWS encampments. The difference of course is that no one is starving to death, the economy is recovering and those that Live in the OWS encampments actually have options including going back to their dorm rooms or the Local Homeless shelter
Im afraid you are incorrect about the fed. You can say it a million times, but it changes nothing. We can regulate till the cows come home. it doesnt change the fact that our government buys our money prior to circulation, at interest, making it impossible to repay said interest ever ever ever ever. Under this system as long as government spends one cent, it is doomed.
NLXSK1
Well-Known Member
Could you please identify the individuals getting all this profit?
Obvious troll is obvious, go back under your bridge troll.
laughingduck
Well-Known Member
Its like he never left.......
Just have to figure out who owns the federal reserve. Unfortunately it is a private corporation and by law private corporations do not have to divulge their stock holders.