Originally posted by LittleBlackEagle
the budget will not be balanced simply because we borrow money, at interest, from the federal reserve, our own money we borrow at interest and it's a
system with no future. the banksters are winning and we are loosing so it's no wonder mere legislators cannot balance the budget, when half of them
work for the banksters, why and how would they balance anything?
doesn't matter how, when or why but the illusion of a republic in our country is just that, an illusion. those with the money have the power now and
those without do not and it's a very old paradigm to say the least.
our POTUS has no chance in a pool full of sharks, get used to it, or work to change it. in the same way our decent legislators, the few we still have,
don't have a chance either because they're out numbered 2-1 these days, i would imagine.
there is no fix for this situation other then letting it break down and rebuilding a new.
We are quite beyond the ablility to just "let it break down". That would be bad enough if it were merely a closed system. Had the government only
borrowed from the FED.
But, they borrowed from other countries. The piper's will call the shots at some point of how to pay.
For the people decrying that debts don't matter then they are evidently not a party who is owed.
It seems to me that there needs to be some sort of debt settlement day, before we can move forward.
But, no one wants to be the first to make the move and pay up first. They don't want to pay until their debts are
I say we start with the largest central bank and have them pay back first.
First they pay back all the fraudulent interest charged to the US government and other countries likewise their central banks, also.
Take the US for example. The US gets refunded all that interest line item accumulated via the FED.
Vast sum. They in turn pay back the pension funds due in lump sum to the contributors what they paid in.
They pay back all the money paid in to SS in one lump sum.
Money paid back to Medicare and Medicaid in one lump sum.
Then dissolve the program.
Once the in house items have been settled, then the US can go about paying back it's debt to other countries.
Who will then be able to pay back their debts to their citizens and other creditors
I figure it will take a few cycles around paying back and forth to settle the whole mess.
Once done, people and countries will not be very happy about the central banks, fiat money and living outside of one's means.
Also, mortgages and loan interest should be set at the same rate as savings interest. Flat 5%.
No net gain for banks. Too bad. Guess they'll live off card fees and account fees.
edit on 6-11-2012 by PaperbackWriter because: (no reason given)