posted on Sep, 29 2012 @ 03:02 PM
Originally posted by SteveR
Originally posted by okyouwin
what's the other option? Governments control the money? This would pretty much give, let's say a great deal of control to government. That don't
look desirable either.
Ridiculous response. Of course government should control monetary supply. Government should serve the people, not it's private, unaccountable
lenders. Don't you think that $248 billion interest payment in the FY2013 budget could be better spent elsewhere? It's a gigantic sum of money,
paid for by the people, that is not doing ANYTHING for the people. These taxes are going to waste. In 10 years interest payments on the debt are
projected to quadruple. The annual budget will have to outlay a 1 trillion dollar interest payment. ONE TRILLION DOLLAR INTEREST. It is projected
to cost more than medicare and defense spending. If you still don't understand how a system of debt slavery has been forced upon the people there is
nothing more to say.
Then why is it that few currencies are managed by their governments? Because governments fu**k it up that's why. It' s amazing how some think that
government has no place, is inept, corrupt and serves very little purpose. Wants the government out of their lives and yet wants to turn over
something as vital as the money system to these "buffoons". History seems to show that currencies come and go. In the early history of the United
States government controlled the currency and there was a pretty high failure rate, as we went through several.
You're all hung up on the interest paid, and it's true that's the problem with a debt based system. Eventually the new debt that needs to be
created to service the old debt cannot be sustained, and the game has to be reset. This usually involves a great deal of suffering. It is here in this
reset process that government has a major role to play, as an arbiter. of who is best able to suffer the losses with the lest amount of disruption.
Let's hope they are up to it, because a blanket decision of "the bankers got to be paid." is a sure path to misery. See we're not so far apart
Private enterprise is a remarkable engine and, over the last one hundred years that it has had control over it's life blood capital, has generally
done very well for it's population. Not to say government does not have a place in this operation, but control? I'm not so sure.
Slavery? Debt, or credit as they like to call it has played an essential role in the advancement of a great many individuals. Lack of credit is a key
component in the cycle of poverty for individuals, families, and communities. Debt is a shackle gladly accepted, and is an effective tool to achieve
prosperity, by those that use it wisely. Very little force involved.