It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
reply to post by ALightinDarkness
Oh I know, speaking truth to conspiracy theorists elicits an almost rabid foaming at the mouth response. I expect it, but it never ceases to amaze me how no one can address it by themselves.
Originally posted by ALightinDarkness
reply to post by mybigunit
This obsession over paper money is meaningless. All currency has no value. You can back it up with silver, gold, platinum, or bottles of coca-cola. It still has no innate value. A bar of gold only has value because I believe it does, the same reason why a 1 dollar bill has value.
The federal reserve is a quasi-public institution, as its directors are appointed by the government. Controlling the percent at which money is loaned out is not controlling the value of money. Nor does the federal reserve control the volumes of money in circulation - it only controls the volumes of money it lends.
I do not want the federal reserve to be a public institution. With all of the conspiracy theories about the government on this board, why do any of you federal reserve conspiracy theorists want something to be even MORE controlled by the government? Or has no one moved past the conspiracy theory to think about the consequences of this?
Originally posted by ALightinDarkness
reply to post by HimWhoHathAnEar
Fact: US Mint coins the money and decides its value. In line with what the Constitution requires. No matter how many people pile on to try to disprove the facts, they remain, despite your desire to create conspiracies about them.
[edit on 13-7-2008 by ALightinDarkness]
Originally posted by ALightinDarkness
reply to post by mybigunit
Yet again, has ANYONE thought beyond the conspiracy here? What exactly do you want, complete government control over the federal reserve? The same government who is accused of all manner of evil, and who beyond the conspiracy theory madness on this board is actually known to be inefficient and ineffective? You now WANT complete government control? That is what you are saying, if the federal reserve is so horrible. I don't want that. Never will. The government should have as little control as possible.
Yet again. Nothing has value. No money has value. No money has ever had any value. It has value because we believed it to have value. We can back the currency with gold all day, it has no more value now than it did before - I'm glad your rethinking that.
You want currency issued under direct government control without the assistance of any quasi-public institution? Then you want Zimbabwe. I'll, again, say no thanks. Also, what is it with this constant myth about interest? The government pays no net interest to the federal reserve beyond operating costs.
Around and around we go...
[edit on 13-7-2008 by ALightinDarkness]
Originally posted by ALightinDarkness
Anyways this has been fun but this has run its course. Ya'll have fun. Let the lynching and the insulting of the non-conspiracy faithful begin!
[edit on 13-7-2008 by ALightinDarkness]
Anyways this has been fun but this has run its course
Originally posted by ALightinDarkness
All currency has no value. You can back it up with silver, gold, platinum, or bottles of coca-cola. It still has no innate value. A bar of gold only has value because I believe it does, the same reason why a 1 dollar bill has value.
Fact: US Mint coins the money and decides its value. In line with what the Constitution requires. No matter how many people pile on to try to disprove the facts, they remain, despite your desire to create conspiracies about them. The Federal Reserve refunds all interest loaned, minus its operating cost (surprise, even if the government did this itself it would have its own operating cost), directly back to the treasury. Our net cost? Zero.
For all the talk of the National debt, the average American Citizen knows next to nothing about it. For every debt, you must have a debtor (the American Government) and a debtee (The Federal Reserve) to whom the debt is owed. You have just learned more about the National debt than 9/10th's of the Nation. To whit, the National debt is owed to the private institution known as The Federal Reserve. The Federal Reserve Act of 1913 gave the power to coin and regulate the Nations money supply to a private concern that would operate on a for-profit basis. This was clearly a Constitutional violation of Article I, which specifically conveyed this power to Congress and Congress only. To illustrate how the Nation's money is created at profit; the United States Treasury is still responsible for the printing of the Nations paper currency. However, under the provisions of the Federal Reserve Act, it is not considered to be "money" after the Treasury has minted it. Instead, this paper is sold to the Federal Reserve at the rate of slightly more than $20.00 per 1 million bills, regardless of denomination. How this paper becomes "money" is for the Federal government to borrow it from the Federal Reserve. But this money, since the Federal Reserve is a private for-profit organization, is borrowed at interest. Did you catch that? The Treasury Department (that we pay for) prints the bills, sells them to the Federal Reserve for next to nothing, then the Government borrows back this paper at face value plus interest! It is the principle plus interest on the Nation's money supply that is termed: The National Debt. In addition to the interest on the "money" loaned, interest is accrued upon the interest itself (compound interest), helping to farther inflate the National Debt. And the real trick of the game the Federal Reserve plays, it's master coup upon the American people, is that the debt CAN NEVER BE PAID OFF because the interest amount is never created.
I will be in the Forex, betting the Dollar takes a nose dive against World currencies.
Originally posted by whiteraven
In my humble opinion even if it gets as bad as the Great Depression we will still survive.
We survived reconstruction, we survived the Great Depression no reason not to survive and get rich now!