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A Real Brain Trust We Have in Congress...

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posted on Jul, 29 2011 @ 01:34 PM
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With all the flap about the so called Debt Crisis I thought I would boil things down a bit for more clarity.

Most people here know and understand to a degree enough about the monetary system that it is money from thin air mostly from loans or book entry money and some from printing. So how stupid do you have to be to borrow money when you can create it from thin air?

That is what congress does despite the fact they have the authority to create thier own INTEREST FREE MONEY, they continue to borrow money at interest into circulation. They are some real geniuses up there aren't they?

let me ask you this: lets say you have a good job and get regular raises etc. So you borrow some money or charge up a credit card. Every so often you ask for an increase in your credit limit because you know you can afford the payments with your increase in pay. Then one day the company informs you that business has dropped off significantly and they must cut yours and many others pay otherwise they will have to lay many of you off. You agree to the pay cut. However you just bought a new swimming pool and now will not be able to afford the payments. You are now wondering how you are going to take care of this without losing everything.

Then you get some letters in the mail offering debt consolidation loans. You jump at the chance to lower your payments even though you are increasing your debt. You don't care cause all you care about is being able to make the payments. All is well. Then you are informed by your company you have to take another cut in pay or have your hours cut or they will have to lay folks off. Now you cannot afford the payment again.

Then you get a letter in the mail this one is a little different from the others. This is one is offering an interest free credit card to pay all your bills and you never have to pay it back. Just put it on the credit card. Of course being reasonably intelligent you jump on this pay all your bills get out of debt and even quit your job and open that peanut stand you always wanted to since you have no debt now. Life is good you and the misses go on a vacation and the stress of debt is gone...

How tough would it be to make that decision? This is essentially the choice congress has AND CONTINUES TO CHOSE TO BORROW MONEY INSTEAD of creating thier own interest free money and racks up more debt? Look I am no fan of money from nothing and understand the implications but for god sake as long as that is how it is being done why pay interest on it creating the debt in the first place?

It really is that simple folks. Hmmmmm should I borrow money, or should I just create my own....

These geniuses are not even smart enough to make that choice when a ten year old would make the right choice in that situation. This is the brain trust running this country. So how smart are the people for continuing to vote these idiots back in every election?

So the bottom line is these guys are the stupidest people on the planet (save Ron Paul) or they have another agenda to continue to enrich the share holders of the Federal Reserve Cartel, you be the judge. Either way they are being stupid and screwing America!!! Feel free to send this to all you know and every congressman in the country if you like....







edit on 29-7-2011 by hawkiye because: (no reason given)

edit on 29-7-2011 by hawkiye because: (no reason given)




posted on Jul, 29 2011 @ 02:32 PM
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Wow over a half hour and not a single reply? Did the bomb hit and I Missed it?

It really is that simple folks congress is beyond stupid... Gee should I borrow money or just create my own interest free when either one will accomplish the same thing.... Duh



posted on Jul, 29 2011 @ 02:38 PM
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yeah man i never accredited congress with an over abundance of brains in the first place.

you cant even begin to take congressional actions seriously until one of them brings up the federal reserve.

until someone says hey stop devaluing the dollar you cant even begin to fix this country.
edit on 29-7-2011 by neo96 because: (no reason given)



posted on Jul, 29 2011 @ 02:45 PM
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Hawkeye,

I agree with everything you are saying.

My personal belief is that the people in power serve the bankers, and receive kick backs from them. I don’t believe they wish to change how things are done because its worked out pretty well for them so far, and doesn’t look like that will change in the near future.

I say shame on those who are not standing, but sitting in their comfortable chairs in Congress and allowing America to be destroyed.

History will judge them by their true colors – the color yellow, for being cowards.



posted on Jul, 29 2011 @ 02:58 PM
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reply to post by hawkiye
 




...These geniuses are not even smart enough to make that choice when a ten year old would make the right choice in that situation. This is the brain trust running this country....


OH, they are very very smart. The choices are these: Take the bribe or DIE!


Here is what happened to those opposed to the FED:
McFadden was called insane, lost his election shot at twice and then poisoned.

Lindburgh had the printing plates of his books destroyed. His son, when he was encouraged to run for President had his baby kidnapped and killed.

Wright Patman, smart fellow, jumped on FDR's bandwagon and enthusiastically supported the New Deal.


..One of the men Roosevelt brought down from New York with him as a Special Advisor to the Treasury was Earl Bailie of J & W Seligman Company, who had become notorious as the man who handed the $415,000 bribe to Juan Leguia, son of the President of Peru, in order to get the President to accept a loan from J & W Seligman Company....

Franklin D. Roosevelt himself was an international banker of ill repute, having floated large issues of foreign bonds in this country in the 1920s. These bonds defaulted, and our citizens lost millions of dollars, but they still wanted Mr. Roosevelt as President....




Roosevelt’s law firm of Roosevelt and O’Connor during the 1920s represented many international corporations....

When Franklin D. Roosevelt took office as President of the United States, he appointed as Director of the Budget James Paul Warburg, son of Paul Warburg, and Vice President of the International Acceptance Bank and other corporations. Roosevelt appointed as Secretary of the Treasury W.H. Woodin, one of the biggest industrialists in the country, Director of the American Car Foundry Company and numerous other locomotive works, Remington Arms, The Cuba Company, Consolidated Cuba Railroads, and other big corporations. Woodin was later replaced by Henry Morgenthau, Jr., son of the Harlem real estate operator who had helped put Woodrow Wilson in the White House. With such a crew as this, Roosevelt’s promises of radical social changes showed little likelihood of fulfillment....
www.apfn.org...


Seems the great American Socialist was a banker....

edit on 29-7-2011 by crimvelvet because: (no reason given)



posted on Jul, 29 2011 @ 03:01 PM
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Originally posted by hawkiye
Wow over a half hour and not a single reply? Did the bomb hit and I Missed it?

It really is that simple folks congress is beyond stupid... Gee should I borrow money or just create my own interest free when either one will accomplish the same thing.... Duh


The problem is that the premise of your thread is based on the option that the Congress could authorize the Treasury to go into overdrive on printing currency and that there would be no consequence... There certainly would be... Hyper-inflation coupled with a currency no one would want. The United States has gotten away with economic murder because the dollar has been the currency of choice. I suggest exploring Yougaslavia's experience with trying to print their way out of debt. The British tried it as well to a degree, intentionally devaluing their currency by edict in the early 1970's... It doesn't work... Ever... The only way out of this is to cut spending, keep it cut, and resist tax increases that would stifle the economy...



posted on Jul, 29 2011 @ 03:06 PM
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reply to post by crimvelvet
 


Crimvelvet,

I am not buying the threat of death if they oppose the fed several have opposed the fed and not been killed also. They are just stupid asinine petty criminals that would sell thier own mothers for personal gain. If a majority decided to end the fed the fed could not kill them all.

Face it we have retarded people running the country. Course we are retarded also for letting them so they are just the head retards in the asylum... That is the point.

What if they got millions of letters like this calling them the retards they are for not making the obvious choice here?

Edited to add: I found a site with an email list to the entire congress and sent them this post in an email.... LOL not that it will do any good but at least they know. I did change the title to Debt Ceiling so they might at least open the email before I insult them...

www.patriotactionnetwork.com...

edit on 29-7-2011 by hawkiye because: (no reason given)



posted on Jul, 29 2011 @ 03:26 PM
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Originally posted by Mirthful Me

Originally posted by hawkiye
Wow over a half hour and not a single reply? Did the bomb hit and I Missed it?

It really is that simple folks congress is beyond stupid... Gee should I borrow money or just create my own interest free when either one will accomplish the same thing.... Duh


The problem is that the premise of your thread is based on the option that the Congress could authorize the Treasury to go into overdrive on printing currency and that there would be no consequence... There certainly would be... Hyper-inflation coupled with a currency no one would want. The United States has gotten away with economic murder because the dollar has been the currency of choice. I suggest exploring Yougaslavia's experience with trying to print their way out of debt. The British tried it as well to a degree, intentionally devaluing their currency by edict in the early 1970's... It doesn't work... Ever... The only way out of this is to cut spending, keep it cut, and resist tax increases that would stifle the economy...


The problem is that they are already printing and creating money as if there is no consequences. So at least they could eliminate the debt by creating it interest free. Everyone would take it just like they take the worthless FRN now because they want us to buy thier goods and services. I am completely aware of the inflationary consequences but it's going to happen anyway so why not eliminate the interest? Also over all inflation is not up very much because book entry money i.e. loans have deflated considerably due to the real estate crash. Which is probably why we don't have hyperinflation now.

They have been claming to want to cut for 40 years now, its not going to happen! Creating interest free money would be a huge step in the right direction.

here is an interesting proposal for doing just this:


If we create dollars to produce roads, bridges, and new infrastructure then we are adding value to our economy. When value is added in the form of usable products and services then dollars can also be added to the economy without producing inflation. If we issue New Greenbacks to sustain the creation of wealth building products and services then we can solve the unemployment problem. All we have to do is create wealth-building jobs with the New Greenback that can put people back to work. There are usually plenty of these to offer jobs to all who wish to work if we just had the money. The good news is that under the New Greenback system the money available for goods and services that add value would be unlimited.


The New Greenback

I also created a thread on it: www.abovetopsecret.com...


edit on 29-7-2011 by hawkiye because: (no reason given)



posted on Jul, 29 2011 @ 03:51 PM
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reply to post by Mirthful Me
 




The only way out of this is to cut spending, keep it cut, and resist tax increases that would stifle the economy...


I agree But I would also add CUT THE BLASTED RED TAPE!

This is just one of many stories on the problem.

Small businesses losing out to red tape

....you would think cities and states would be overjoyed when someone was willing to open up a new business, bringing with him jobs, economic vitality and tax revenues. You might think that, but you'd be wrong.

Instead, cities and states stifle new small businesses at every turn, burying them in mounds of paperwork; lengthy, expensive and arbitrary permitting processes; pointless educational requirements for occupations; or even just outright bans. Today, the Institute for Justice released a series of studies documenting government-imposed barriers to entrepreneurship in eight cities. In every city studied, overwhelming regulations destroyed or crippled would-be businesses at a time when they are most needed.

Time and again, these reports document how local bureaucrats believe they should dictate every aspect of a person's small business. They want to choose who can go into which business, where, what the business should look like, and what signs will be put in the windows. And if that means that businesses fail, or never open, or can operate only illegally, or waste all their money trying to get permits so they have nothing left for actual operations, that's just too bad. This attitude would be bad enough in prosperous times, but in a period of financial strain and high unemployment, it's almost suicidally foolish.

Along the way, the dreams of individuals are repeatedly crushed:

•In Chicago, Esmeralda Rodriguez tried to open a children's play center, paying rent month after month while she waited in vain for the government permits she needed to open her business. After a full year of bureaucratic red tape, she finally exhausted her life savings and closed down for good....


A long list of idiotic regulations and their effects follow.

However Red Tape is really great for one thing.... It drastically reduces the competition for the international cartels.

Unfortunately, progressives, intent on regulating every aspect of our lives, play right into the hands of the corporations. They gleefully push strangling regulations like the Food "Safety" Modernization Act.

(That particular law actually puts control of US farming regulations straight into the hands of the Ag Cartel in the World Trade Organization. It could also be used to regulate home gardens link )

Then the libs will bleat because their jobs are gone, taxes to support their pet government projects are gone and so is their favorite organic farm....


Somehow they never seem to connect business with jobs with tax revenue, but Progressive education was never ever supposed to produce independent thinkers and that is why the US education system ranks near the bottom only beating out two African Countries



Dumbing Down America
by Dr. Samuel Blumenfeld

...After twenty-five years of research, I can state with complete confidence that the prime mover in all of this was none other than John Dewey who is usually characterized as the father of progressive education....

...Dewey was appointed head of the department of philosophy, psychology and education at the University of Chicago which had been established two years earlier by a gift from John D. Rockefeller. In 1896, Dewey created his famous experimental Laboratory School where he could test the effects of the new psychology on real live children.

Dewey's philosophy had evolved from Hegelian idealism to socialist materialism, and the purpose of the school was to show how education could be changed to produce little socialists and collectivists instead of little capitalists and individualists. It was expected that these little socialists, when they became voting adults, would dutifully change the American economic system into a socialist one. [Boy was he ever RIGHT! cv]

In order to do so he analyzed the traditional curriculum that sustained the capitalist, individualistic system and found what he believed was the sustaining linchpin -- that is, the key element that held the entire system together: high literacy.

To Dewey, the greatest obstacle to socialism was the private mind that seeks knowledge in order to exercise its own private judgment and intellectual authority. High literacy gave the individual the means to seek knowledge independently. It gave individuals the means to stand on their own two feet and think for themselves. This was detrimental to the "social spirit" needed to bring about a collectivist society....

www.ordination.org...


This deliberate stunting of American minds explains why Americans have such a difficult time understanding the Central Bankers scam and continue to support its policies. All the bankers have to do is hide behind the mantle of "Social Good" and no one bothers to look for the wolf under the sheep skin of Fabian Socialism.

The connection between the Fabian Society founders and the London School of Economics (same founders) not to mention that the past Chairman of the Fabian Society (Tony Blair) is now working for JP Morgan Chase should be a REALLY big clue about the socialist/banker connection but it passes right over their heads.


The banker owned media say the CAPITALIST are the bogey man and they believe it. Never realizing the banker/corporate CEOs enthusiastically endorse Fabian Socialism.

“The supernational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries.” David Rockefeller speaking at the Bilderberger meeting in June 1991 in Baden Baden

Rockefeller is talking about the Fabian Society (intellectual elite and world bankers) and global governance ( supernational sovereignty) replacing democratic governments (national autodetermination)

It is slated for 2025:



posted on Jul, 29 2011 @ 04:03 PM
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reply to post by hawkiye
 




I am not buying the threat of death if they oppose the fed several have opposed the fed and not been killed also. They are just stupid asinine petty criminals that would sell thier own mothers for personal gain. If a majority decided to end the fed the fed could not kill them all....


It is the carrot and the stick that keeps them in line.
Sure some make noises about the fed but only a few actually stood up on their hind legs and DID something!
Impeachment investigations of United States federal officials
Impeachment of the Federal Reserve is a very short list:
February 12, 1917, Rep Charles Lindbergh, Sr.
Rep. Louis Thomas McFadden's attempt to impeach numerous officials in May 1933
jan6,1932 Wright Patman motion for the impeachment of Andrew Mellon (Secretary of the Treasury)
On March 7, 1985, Rep. Henry Gonzalez introduced an impeachment resolution

I think John Sherman, nailed it

The few who could understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests. quotes.liberty-tree.ca...



posted on Jul, 29 2011 @ 04:14 PM
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Originally posted by crimvelvet
reply to post by hawkiye
 




I am not buying the threat of death if they oppose the fed several have opposed the fed and not been killed also. They are just stupid asinine petty criminals that would sell thier own mothers for personal gain. If a majority decided to end the fed the fed could not kill them all....


It is the carrot and the stick that keeps them in line.
Sure some make noises about the fed but only a few actually stood up on their hind legs and DID something!
Impeachment investigations of United States federal officials
Impeachment of the Federal Reserve is a very short list:
February 12, 1917, Rep Charles Lindbergh, Sr.
Rep. Louis Thomas McFadden's attempt to impeach numerous officials in May 1933
jan6,1932 Wright Patman motion for the impeachment of Andrew Mellon (Secretary of the Treasury)
On March 7, 1985, Rep. Henry Gonzalez introduced an impeachment resolution

I think John Sherman, nailed it

The few who could understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests. quotes.liberty-tree.ca...


Well their strategy now days is to have their lap dogs act like they are all for ending fed but then gut any proposed legislation of any significant teeth as illustrated by Ron Paul's audit the fed bill that had over 300 co signers but failed to really accomplish anything significant after being gutted. No need to kill anyone and wake up the slaves.
edit on 29-7-2011 by hawkiye because: (no reason given)



posted on Jul, 29 2011 @ 04:35 PM
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reply to post by hawkiye
 




The problem is that they are already printing and creating money as if there is no consequences. So at least they could eliminate the debt by creating it interest free. Everyone would take it just like they take the worthless FRN now because they want us to buy thier goods and services. I am completely aware of the inflationary consequences but it's going to happen anyway so why not eliminate the interest?


HMMMmmm.

THAT needs some thought.

I normally agree with Mises, either a gold/silver standard or a FIXED money supply. As you said printing money leads to inflation and wage devaluation.

The real consequence of tossing the FED and printing our own money via the Treasury is the retaliation by the Central bankers.

Carroll Quigley clarifies the problem. It is called The Bank for International Settlements in Basel, Switzerland.

..The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world. quotes.liberty-tree.ca...


From the BIS wedsite

Bank for International Settlements

The Bank for International Settlements (BIS) is an international organisation which fosters international monetary and financial cooperation and serves as a bank for central banks.


The FEDERAL RESERVE NOTE is the world reserve currency. It is the issue of a PRIVATE BANK not the issue of the Federal Government of the USA who only accepts it as payment for Federal Taxes.

That was the means used to insure US citizens would use the FRN instead of gold or other currency.

As Chris Weber showed Fort Knox has been sucked dry. The USA has no "deliverable gold" left to back a new "Dollar" Since you are proposing to toss the central bankers out of the country do you think THEIR PRIVATE bank, the Bank for International Settlements will take kindly to a different fiat currency, one they do not control???

Our industry has been dismantled, our jobs exported, our gold stolen and GUESS WHO sets the international exchange rates???

BIS effective exchange rate indices

updated 15 July 2011

The BIS calculates effective exchange rate (EER) indices for a total of 58 economies (including individual euro area countries and, separately, the euro area as an entity). Nominal EERs are calculated as geometric weighted averages of bilateral exchange rates. Real EERs are the same weighted averages of bilateral exchange rates adjusted by relative consumer prices....
www.bis.org...


That is the corner the TRAITORS in the District of Criminals boxed us into.




posted on Jul, 29 2011 @ 04:52 PM
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reply to post by hawkiye
 




Well their strategy now days is to have their lap dogs act like they are all for ending fed but then gut any proposed legislation of any significant teeth as illustrated by Ron Paul's audit the fed bill that had over 300 co signers but failed to really accomplish anything significant after being gutted. No need to kill anyone and wake up the slaves.


Of course the bill had lots of cosigners! It was absolutely great election propaganda.


Also we have no way of really knowing how many have actually been killed or threatened.

Presiding Justice, Martin Mahoney, in First National Bank of Montgomery vs. Daly (1969) ruled against a Morgan bank. "He died less than six months after the trial, in a mysterious accident that appeared to involve poisoning

John Perkins, author of "Confessions of an Economic Hit Man" writes,

"The book was to be dedicated to the presidents of two countries, men who had been his clients whom I respected and thought of as kindred spirits–Jaime Roldós, president of Ecuador, and Omar Torrijos, president of Panama. Both had just died in fiery crashes. Their deaths were not accidental. They were assassinated because they opposed that fraternity of corporate, government, and banking heads whose goal is global empire. We Economic Hit Men failed to bring Roldós and Torrijos around, and the other type of hit men, the CIA-sanctioned jackals who were always right behind us, stepped in. www.democracynow.org...


Now adays a bullet is the least likely method. Also the death could be that of a pet or friend or a relative a few steps removed. All it takes is a death and a verbal but veiled warning.

Heck an acquaintance who was an employee at a town Animal Shelter overheard a conversation between some drug lords and the town Councilmen. Shortly afterwards they smashed the heck out of her living room windows and told her they would kill her son if she blabbed.



posted on Jul, 29 2011 @ 04:54 PM
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reply to post by crimvelvet
 


Everyone fears the central bankers... Screw them if we do nothing they will take our economy down any way when thier fiat currency goes into hyper inflation and offer us a new one at ten cents on the dollar while they repossess all our property they got us to mortgage for nothing to them, and we pay them interest to boot. So we might as well take control ourselves cut them off the interest and crash our own economy.

I am an Austrian school advocate too however the majority of the people are ignorant of Austrian economic principles, this they could maybe understand

It would be painful however we could end up saving our economy by issuing the currency for valuable goods and services as that article I quoted above says and making it legal tender people will trade it here in the US if no one else will and we still have more resources here then most other places in the world. So it would bring trade and manufacturing home. as people went to work etc. Sure we would still have the problem of politicians wanting to over print and over spend but we'd have less of it if the central bankers decreed to boycott us. In fact that might be a good thing it would force us to start producing what we need ourselves

It's either that or let it all crash and have to do the same thing anyway but from a lot worse position. I used to be an all or nothing Mises/Austrian advocate but at this point I would just like to see us take a step forward for once.



posted on Jul, 29 2011 @ 04:59 PM
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I agree with much of what has been stated. What we need to do is take back the Congress, put it into the hands of the people who care. This whole mess could be fixed before the end of the month.




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