Originally posted by Cassius666
Supposedly the federal banks worldwide are owned by a private body of people. If those banks can print money, why do they need to go through the
trouble of scamming people out of their earned money through the income tax, which goes to the central bank, which they turn over to whoever. Cant
they just assign themselves 35% of what country X payed out in wages that year?
Lets say it is true that the central banks collect the income tax and forward it to a few powerfull men, why do it that way if you have the power to
print yourself some money?
edit on 14-4-2011 by Cassius666 because: (no reason given)
It has much to do with the nature of money and compound interest. As well as the History of the United States.
Who have been indebted to England since the very beginning. All of our wars were about this debt to be repaid to England...Revolutionary War, War of
1812....Civil War...the very first Executive Order BTW....
First and foremost all money as we know it, is a fiat currency, in that it isn't backed by gold or anything of real value, but is backed by debt.
In other words, For every Dollar printed, Someone is making payments in some way or form upon it.
The rule of 72 applies here and in essence the longer you can compound interest the longer you can collect interest payments.
The Govt. goes to the FED with their Budget and the FED issues Debt in the form of Bonds to the GOVT.
The GOVT has to repay this debt with interest. TO cover the interest payments on this debt. Our tax dollars are used. So it isn't an actual out of
pocket expense for the GOVT per se.
Also as to why the IRS was created, in essence the Collection Agency for the Govt....
Your Birth Certificate and mine were used as collateral by the Govt. to borrow against..based upon our projected tax payments throughout our projected
A bond is generated using our income taxes as collateral on the loans made to the Govt. The tax payments pay only the interest on these loans back to
the FED and their owner the IMF
The difference being, our tax payments are a direct result of production with our labor. It is debt free money so to speak, and once in the pockets of
the FED with no real debt attached it can be reloaned out with interest once again.
And the cycle perpetuates.
This is why they don't need to merely print money which would flood the currency markets with excess paper devaluing the Dollar.
The have an addict addicted to debt called the US Govt. and as long as the population continues to increase, it has plenty more people to borrow
Why do you think there is no real concerted effort to stem the flow of illegals into the US ?
This is Due to the fact that they will become more taxpayers to pay into the system !!!!
History of our money and Lincoln planning to print money with no debt involved....same with JFKennedy.
And both Ended up on the wrong end of a gun ....
edit on 16-4-2011 by nh_ee because: typos ?