Los Angeles, CA · Member since 2008 · 557 posts · 70 votes
17y
Originally posted by Mach:
2 years we should have a balance in power as long as Republicans don't do anything stupid.
These statements seem misdirected if we're talking about a catalyst for fundamental economic restructuring and real change. It's not about democrats and republicans and which party controls congress. It's about central bankers controlling the entire show, with the democrat or republican who sits in the oval office as the head puppet to the privatized - yet socialist functioning - central banking system.
The fed is the real power. If that entity is not restructured then the democrat versus republican discussion in terms of spawning economic change and a true free market is meaningless.
It's like having a blown head gasket in your car's engine, then arguing that fixing the hub caps, and NOT the evil windshield wipers, is the best approach to get the head gasket fixed so the engine runs.
Real Estate Investor · Tampa, FL · Member since 2008 · 456 posts · 42 votes
17y
I don't think you quite understand the logic behind the Federal government. Once itsin their hands, its no longer "our" money. If it was, we'd have a say in where it went. Like my analogy above points out, we keep feeding it, it keeps getting bigger and bigger and its eating us alive.
Real Estate Investor · Tampa, FL · Member since 2008 · 456 posts · 42 votes
17y
The great part about it is we can. But then we'd be cutting off some badly needed programs like Social Security (oh, that's right, they're already broke) and the country's military and defense (but we don't really need that since BO just pretty much handed our country over to China).
Real Estate Investor · Tampa, FL · Member since 2008 · 456 posts · 42 votes
17y
Here is a link for an article that tells of some of the constructive ways in which some states are handing these types of issues. I hope I see more of this. It is long overdue.
Real Estate Investor · Tampa Bay, FL · Member since 2009 · 180 posts · 17 votes
17y
Originally posted by Terry Kubiak:
When I say "our" money I mean the tax payers money. Who is responsible for the deficit? and who is they?
The income tax dollars go to the Federal Reserve to pay for the interest we owe their company.
Roads, Education, Police, Fire Departments and important stuff is funded by state income tax, other taxes (like sales tax), property taxes, tolls, lotteries etc... You know the bazillion other taxes that you pay? Yeah those are the taxes that actually matter in terms of funding the things that matter to you and I.
The income tax on an individual's labor or wages for labor didn't come around until AFTER the Federal Reserve and Central banking was introduced. And the money that gets sucked out of a man or womans wages goes to the Federal Reserve which is a private corporation controlled by elite bankers.
You mentioned "they" previously, so I assumed we were talking about the people who control the money.
Real Estate Investor · Vancouver, WA · Member since 2009 · 47 posts · 0 votes
17y
If the Federal government would just be honest with us and tell us the truth then we could decide if the government is really working in the best interest of its people. Would it be possible for them to disclose their assets and not always just their deficits.
At least Obama saved us from being thrust into a war with Iran.
Real Estate Investor · Tampa Bay, FL · Member since 2009 · 180 posts · 17 votes
17y
Congress isnt allowed to audit the Federal Reserve. Check out Ron Paul's site.
I dont have the link, so just google Ron Paul.
Obama is a puppet, controlled by the same people that got both George Bushes elected. If there isn't war with Iran, it's because those people have decided not to do it.
There are some that say Kennedy was the last real president this nation had. And you know what happened to him.
Here is a link where Kennedy made a speech trying to warn us:
Real Estate Investor · Sherman oaks, CA · Member since 2010 · 52 posts · 12 votes
16y
When you go into a bank and apply for a loan of say 100K...that money does NOT exist until you sign YOUR signature on the dotted line..then,like magic they hand you 100K and you have to pay back 100K PLUS interest..where does that interest come from? Doesn't matter buddy..you better find it somehow.. Oh and also when you sign and create that 100K ,it gives the bank the power to magically create another 900K to lend out and charge interest on..lending money that doesn't exist and then charging interest on it is the game being played on us...and if anyone thinks that the gov't cannot print it's own money..take a look at postage stamps..or food stamps...It is absolutely insane that the Fed is unaccountable and has never been audited...
"Give me control of a nation's money
and I care not who makes the laws." Mayer Amschel Rothschild ... he said that long ago and nothing has changed...
Investor · Sarasota, FL · Member since 2008 · 17k+ posts · 17k+ votes
16y
Originally posted by Rod Marlow:
When you go into a bank and apply for a loan of say 100K...that money does NOT exist until you sign YOUR signature on the dotted line..
There's only one bank in this country that can create money from nothing, and unless you're getting a bailout, I think it's fair to say that you're probably not getting your money from that bank...
Also, that $100K most surely does exist. How do I know? Because when I sell a house for a $100K and my buyer gets a loan, I can promise you that the check I get from the closing attorney for about $100K is very real. I can deposit it, withdraw it, give it to someone else for real goods and services, etc.
...you have to pay back 100K PLUS interest..where does that interest come from?
Hopefully if the bank did it's job (though these days they don't), they've ensured that you have a job and are earning enough money to pay back the principle plus the interest.
It's called the economy. Look up the term "GDP". Perhaps take a macro economics course...
...also when you sign and create that 100K ,it gives the bank the power to magically create another 900K to lend out...
Ummm...no.
...take a look at postage stamps...
What about them? It's the creation of essentially a legal tender in exchange for a fixed service. That type of stuff has been around for thousands of years...very successfully in fact...
While our economy is most assuredly majorly screwed up, I don't think you can blame the existence of postage stamps for that. In fact, do some research and see how well the USPS has done balancing their budget since they were created. You might be very surprised...
It is absolutely insane that the Fed is unaccountable...
That's the one part of your post I'll completely agree with...