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Originally posted by serbsta
The scariest points are numbers 3...
Originally posted by belidged
Part one: The banks require deposits to perpetuate the cycle. If you hide your money under your mattress for example you cut off the banks ability to keep running their scam. This will cut the banks off from the money supply, and make the system bleed out until sound money is restored.
I'm really sorry about this and it's nice to see you are at least aware of the problem but the banks don't need one dime of your money to lend money out else they would be offering you a better return on savings.
Money is borrowed into existence and whislt people talk about fractual reserve banking lending out your money ten times over the reality is nothing like that and the FED and fort knocks is not audited.
"Then I say, the earth belongs to each of these generations during its course, fully and in its own right. The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on. For if the first could charge it with a debt, then the earth would belong to the dead and not to the living generation. Then, no generation can contract debts greater than may be paid during the course of its own existence." -Thomas Jefferson to James Madison, 1789
Originally posted by alienreality
Originally posted by fordrew
No no no no no! This list is COMPLETELY WRONG.
"#46) Total U.S. government debt is now up to 90 percent of gross domestic product. "
I know for a fact that statistic is wrong. The correct number is around 40% I believe.
"#10) The Dow Jones Industrial Average just experienced the worst May it has seen since 1940."
This is also wrong.
This list is complete bull!@#$.
Someone needs to go lynch the topic creator for posting disinfo.
[edit on 4-6-2010 by fordrew]
No it is not wrong look here :en.wikipedia.org...
As of June 1, 2010, the Total Public Debt Outstanding was approximately 88.9% of GDP
Originally posted by kozmo
There is nothing inherently wrong with having a monetary system that unifies the measure of said human capital, BUT it must be rooted in REAL value, like gold.