Debt-Free United States Notes Were Once Issued Under JFK and The U.S

11/8/2016
DebtFreeUnitedStatesNotesWereOnceIssuedUnderJFKAndTheU.S.GovernmentStillHasThePowerToIssueDebtFreeMoney
DebtFreeUnitedStatesNotesWereOnceIssuedUnderJFKAndTheU.S.
GovernmentStillHasThePowerToIssueDebtFreeMoney
ByMichaelSnyder,onDecember19th,2011
MostAmericanshavenoideathattheU.S.governmentonceissueddebtfreemoneydirectlyintocirculation.Americaonce
thrivedunderadebtfreemonetarysystem,andwecandoitagain.ThetruthisthattheUnitedStatesisasovereignnation
anditdoesnotneedtoborrowmoneyfromanyone.BackinthedaysofJFK,FederalReserveNoteswerenottheonly
currencyincirculation.UnderJFK(atatvariousothertimes),alimitednumberofdebtfreeUnitedStatesNoteswereissued
bytheU.S.TreasuryandspentbytheU.S.governmentwithoutanynewdebtbeingcreated.Infact,eachbillsaidUnited
StatesNoterightatthetop.Unfortunately,UnitedStatesNotesarenotbeingissuedtoday.Ifyoustoprightnowandpulla
dollaroutofyourwallet,whatdoesitsayrightatthetop?ItsaysFederalReserveNote.Normally,thewayourcurrent
systemworksisthatwhenevermoreFederalReserveNotesarecreatedmoredebtisalsocreated.Thisdebtbased
monetarysystemissystematicallydestroyingthewealthofthisnation.Butitdoesnothavetobethisway.Thetruthisthat
theU.S.governmentstillhasthepowerundertheU.S.Constitutiontoissuedebtfreemoney,andweneedtoeducatetheAmericanpeopleaboutthis.
PostedbelowarepicturesofthefrontandthebackofaUnitedStatesNoteprintedin1963whileJFKwaspresident.
Noticethatthereisaredsealinsteadofagreensealonthefront,anditsaysUnitedStatesNoteratherthanFederalReserveNote.
AccordingtoWikipedia,UnitedStatesNoteswereissueddirectlyintocirculationbytheU.S.TreasuryandtheywerefirstusedduringtheCivilWar.
TheywereoriginallyissueddirectlyintocirculationbytheU.S.TreasurytopayexpensesincurredbytheUnionduringtheAmericanCivilWar.Overthe
nextcentury,thelegislationgoverningthesenoteswasmodifiedmanytimesandnumerousversionshavebeenissuedbytheTreasury.
http://theeconomiccollapseblog.com/archives/debtfreeunitedstatesnoteswereonceissuedunderjfkandtheusgovernmentstillhasthepowertoissue...
1/12
11/8/2016
SowhyareweusingdebtbasedFederalReserveNotestodayinsteadofdebtfreeUnitedStatesNotes?
Itseemsratherstupid,doesntit?
Well,thatiswhatThomasEdisonthoughttoo.
ThomasEdisonwasoncequotedintheNewYorkTimesassayingthefollowing.
Thatistosay,undertheoldwayanytimewewishtoaddtothenationalwealthwearecompelledtoaddtothenationaldebt.
Now,thatiswhatHenryFordwantstoprevent.Hethinksitisstupid,andsodoI,thatfortheloanof$30,000,000oftheirownmoneythepeopleofthe
UnitedStatesshouldbecompelledtopay$66,000,000thatiswhatitamountsto,withinterest.Peoplewhowillnotturnashovelfulofdirtnor
contributeapoundofmaterialwillcollectmoremoneyfromtheUnitedStatesthanwillthepeoplewhosupplythematerialanddothework.Thatisthe
terriblethingaboutinterest.Inallourgreatbondissuestheinterestisalwaysgreaterthantheprincipal.Allofthegreatpublicworkscostmorethan
twicetheactualcost,onthataccount.Underthepresentsystemofdoingbusinesswesimplyadd120to150percent,tothestatedcost.
Buthereisthepoint:Ifournationcanissueadollarbond,itcanissueadollarbill.Theelementthatmakesthebondgoodmakesthebillgood.
OurcurrentdebtbasedmonetarysystemwasdevisedbygreedybankersthatwantedtomakehugeprofitsbycreatingmoneyoutofthinairandlendingittotheU.S.
governmentatinterest.
Sadly,thevastmajorityoftheAmericanpeoplehavenoideahowmoneyisactuallycreatedinthisnation.
Inapreviousarticleaboutmoneyanddebt,IexplainedhowmoregovernmentdebtiscreatedwhenevertheU.S.governmentputsmoremoneyintocirculation.
Whenthegovernmentwantsmoremoney,theU.S.governmentswapsU.S.TreasurybondsforFederalReservenotes,thuscreatingmore
governmentdebt.Usuallythemoneyisntevenprintedupmostofthetimeitisjustelectronicallycreditedtothegovernment.TheFederalReserve
createstheseFederalReservenotesoutofthinair.TheseFederalReservenotesarebackedbynothingandhavenointrinsicvalueoftheirown.
WheneachnewFederalReserveNoteiscreated,theinterestowedbythefederalgovernmentonthatnewFederalReserveNoteisnotalsocreatedatthesametime.
Sotheamountofgovernmentdebtthatiscreatedactuallyexceedstheamountofmoneythatiscreated.
Isntthatastupidsystem?
TheU.S.Constitutionsaysthatthefederalgovernmentistheonethatshouldactuallybeissuingourmoney.
Inparticular,accordingtoArticleI,Section8oftheU.S.Constitution,itistheU.S.CongressthathasbeengiventheresponsibilitytocoinMoney,regulatetheValue
thereof,andofforeignCoin,andfixtheStandardofWeightsandMeasures.
Sowhyisaprivatecentralbankingcartelissuingourmoney?
Asisthecasewithsomanyotherissues,wedesperatelyneedtogetbacktothewaytheU.S.Constitutionsaysthatweshouldbedoingthings.
ThedebtbasedFederalReservesystemisliterallystealingthefuturefromourchildrenandourgrandchildren.
Backin1910,acoupleyearspriortothepassageoftheFederalReserveAct,thenationaldebtwasonlyabout$2.6billion.
Alittleover100yearslater,ournationaldebtisnowmorethan5000timeslarger.
Sowhydontwejustadmitthatthissystemsimplydoesnotwork?
Ourcurrentdebtbasedmonetarysystemalsorequiresveryhighpersonalincometaxestopayforit.
Infact,itisnoaccidentthatthepersonalincometaxwasintroducedataboutthesametimethattheFederalReservesystemoriginallycameintoexistence.
Ourchildren,ourgrandchildrenandmanygenerationsafterthatarefacingalifetimeofdebtslaverybecauseofus.
AsIhavewrittenaboutpreviously,ifthefederalgovernmentbeganrightatthismomenttorepaytheU.S.nationaldebtatarateofonedollarpersecond,itwouldtake
over440,000yearstopayoffthenationaldebt.
NeithertheRepublicansortheDemocratsareproposinganysolutionstothisproblem.Rather,bothpartiesareonlytryingtoslowdowntherateatwhichwearegoing
intoevenmoredebt.
Butthetruthisthatthefederalgovernmentdoesnothavetogointoasinglepennyofadditionaldebt.
Howcouldthisbe?
Itisnottoocomplicated.
IfCongresstookbackthepoweroverourcurrencyandstartedissuingdebtfreemoneyalotofourproblemscouldbefixed.
Abasicplanwouldlooksomethinglikethis.
#1)TheU.S.CongressvotestotakebackallofthefunctionsthatithasdelegatedtotheFederalReserveandbeginstoissuedebtfreeUnitedStatesNotes.These
UnitedStatesNoteswouldhavetheexactsamevalueasexistingFederalReserveNotes,andovertimeallexistingFederalReserveNoteswouldbetakenoutof
circulation.
#2)TheU.S.CongressnationalizesalldebtheldbytheFederalReserve.Thatwouldinstantlyreducethenationaldebtby1.6trilliondollars.Infact,thereareafew
membersofCongressthathavealreadyproposedthis.
#3)AConstitutionalamendmentispassedlimitingfutureU.S.governmentdeficitstoareasonablepercentageofGDP.Anyfuturedeficitswouldnotbefundedby
borrowing.Rather,futuredeficitswouldbefundedbynewlycreatedUnitedStatesNotes.Therefore,thefederalgovernmentwouldneveragainaccumulateanother
pennyofdebt.
2/12
11/8/2016
Anditwouldbeimportanttoinjectnewmoneyintotheeconomyfromtimetotime.Whenexistingmoneyisdestroyedorwhenthepopulationgrowsitisimportantto
injectacertainamountofnewmoneyintothesysteminordertoavoiddeflation.
#4)TheexistingnationaldebtwouldbeveryslowlypaidoffwithnewlycreatedUnitedStatesNotes.TheU.S.governmentspentover454billiondollarsonintereston
thenationaldebtduringfiscalyear2011,andovertimethisexpensewouldgotozero.
Ifthenationaldebtispaidoffslowlyenough,itwouldnotcreatetoomuchinflation.Ibelievethatitcouldbepaidoffgraduallyover50yearswithoutshockingthe
economytoomuch.
Therearesomethatwouldobjecttoanymeasurethatwouldevercauseasmallamountofinflation,butmycontentionisthatwehavecreateda$15trilliondollardebt
messforfuturegenerations,anditwouldbeabsolutelycriminaltopassthatlegacyontothem.
Wecreatedthismess,anditisourresponsibilitytocleanitup.
Whilethereiscertainlyadangerthatwewouldhavealimitedamountofinflationunderadebtfreemonetarysystemsuchastheonedescribedabove,therealityisthat
weareabsolutelyguaranteedinflationundertheFederalReservesystem.
MostAmericansbelievethatinflationisafactoflife,butthesadtruthisthattheUnitedStateshasonlyhadamajor,ongoingproblemwithinflationsincetheFederal
Reservewascreatedbackin1913.
Ifyoudonotbelievethis,justcheckoutthischart.
Sadly,theU.S.dollarhaslostwellover95percentofitsvaluesincetheFederalReservewascreated.
So,yes,therewouldbeaneedforstrictmonetarydisciplineunderadebtfreemonetarysystem,butitwouldbehardtodoworsethantheFederalReservehasalready
beendoing.
AndCongresscouldalwaysslowdowninflationusingothermethods.Forexample,raisingthereserverequirementsforbanks(whichshouldbedoneanyway)wouldhelp
keepinflationincheck.
Iftheaboveproposalswereadopted,theendresultwouldbesomethingthatwecouldalllivewith.TheFederalReservesystemwouldbeabolished,thenationaldebt
burdenonfuturegenerationswouldbewipedout,theeconomywouldnothavetogothroughadevastatingeconomiccollapsethatcouldlastadecadeorlonger,andwe
couldeventuallymakeafairlysmoothtransitiontohardmoneyifwewantedtoafterthenationaldebtisgone.
Isthereanyotherproposalouttherethatdoesallofthosethings?
Therearemanyouttherethatwoulddisputesomeofthepointsabove,anddebateisgood.Byengagingindebate,wecanhopefullyhelpeducatetheAmericanpeople
aboutthenatureofmoney.
ThekeyistogetridofourcurrentdebtbasedFederalReserveNotesandreplacethemwithdebtfreeUnitedStatesNotes.
TheAmericanpeopleneedtounderstandthatitisaliethattheU.S.governmentmustborrowmoneyfromsomebodyelse.
WhentheU.S.governmentborrowsmoney,itslowlytransferswealthfromtheAmericanpeopletothosethatlentit.
Atthispoint,wehavecreatedafinancialnightmareforfuturegenerationsthatisunlikeanythingtheworldhaseverseenbefore.Weoweittofuturegenerationsto
eliminatethedebtproblemwithoutdestroyingtheUnitedStateseconomy.Adoptingdebtfreemoneywouldallowustodothat.
Butsadly,neitherpoliticalpartyiseventalkingaboutdebtfreemoney.Infact,mostofthepoliticiansinbothpoliticalpartiesprobablydonotevenknowwhatdebtfree
moneyis.
SoweneedtogettheAmericanpeopleeducatedaboutthesethings.Becauseifwestayonthecoursethatwearecurrentlyon,aneconomiccollapseisinevitable.

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December19th,2011|Tags:AnyDebt,Borrow,BorrowMoney,Debt,DebtBased,DebtFree,DebtFreeMoney,Dollar,Money,MoreDebt,U.S.Treasury,Wealth|Category:Federal
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Jointhediscussion
RyanBrockCampbell4yearsago
Paythedebtback?It'sfraud!WemustuseGlassSteagalltoseparatethefraudulentdebtfromourlegitimatedebtsthemajorityisfraud.Let
Wallst.sinkintotheAtlanticorthetoiletwhicheverthey'dlike.Theydon'tdoadamnthinkbutsuckourblood.ThenopentheConstitutional3rd
BankoftheUntiedStates.Upgradeourinfrastructure.Getbacktoamachinetool/manufacturingbase,pickupwhereJ.F.K.leftoffwith
NAWAPA.Thengetbackintospace.
24
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cedarx5yearsago
IwouldliketoaddthattheFederalReserve
isaSECRETorganization!!!!
TheownersoftheFederalReservewill
not"allow'theiridentitytobeknown!!!!
13
Reply Share
Guest>cedarx3yearsago
Whywouldtheyshowtheiridentitytoearthscumlikeyou?TheyareGod'sChosenPeopleandhaveallrightsandyouUSAmerican
PublicaretheirSlaves!
5
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Alex>Guest8monthsago
RightonGuest....Jewishbankers
Reply Share
NathanDavis5yearsago
4/12
11/8/2016
NathanDavis
ThomasJeffersonwasagainstacentralbank,hewasalsotheauthorofourConstitution,Ithinkthatheknewwhatwasbestforourcountry.
Wehavejustlostourway,timetogetbackontherightpath...Firecongress,endthefed,andvoteRonPaul2012...
10
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OkieDan>NathanDavis5yearsago
JeffersonwastheprimaryauthoroftheDeclarationofIndependenceandwasagainsttheConstitutionbecauseithadnoBillofRights
andwouldleadtoanoverlypowerfulcentralizedgovernment.HehelpedrectifythisbybecomingtheprimaryauthoroftheBillRights.
Bothinhisattempttocuretheillsoftheconstitution'stendenciestowardscentralizationandinwhathedidprimarilywriteIagreewiththe
jiistofwhatyousay,includingRonPaulin2012.
4
Reply Share
freedom4yearsago
thisideawouldbegreatunlessourtrustedleadershavealreadysquanderedallourgoldsupply,makingouru.s.notesasworthlessasthe
currentones.irealizethefednotesareonlyheldupbyafacadeofliesanddeceit,butthesheeplehavealreadybeentrainedtoacceptthat
system.ibelievetheonlyeffectivemeanstoestablishabettereconomicfutureisthrougheitherarevolutionresultinginapoliticalcueoran
economicbreakdowninwhichanewsystemisbuiltfromthebottomup.
9
Reply Share
John5yearsago
IspoketoadebenturebankerwhoknewwhatKennedy'splanswere.ShebelievesJFKwasassassinatedbythebankers.Theyweregoingto
completelynullifyFedReserveNotesandissuethenewcurrencytoeveryone...1's,2'sand5'swerealreadyincirculationand10'sand20's
wereonthepress.Hisplanwastoexchangeallcurrency1for1.Ifyouhadmorethanacertainlimitamount(Idon'tknowwhatthatnumber
was)thenyouwouldhavetoprovewhereyouobtainedthemoney.Ifyoucould,noproblem.Ifyoucouldn'tthenitwouldbefor1for2exchange
asthiswasprobablymoneyfromillgottengains.Hewouldthentakethismoneyandpayoffthenationaldebt.ClosedowntheFedReserve
Bank.Hehadanexecutiveorder
7
Reply Share
FEDRESERVE>John2yearsago
YOURRIGHTONTHEMONEY,THECIAANDLBJWASALSOINVOLVEDINTHIS.LOOKUPHISTORY
Reply Share
Steve5yearsago
Theupperclassprintsmoneyoutofthinairandthenhandsitoutto....themselves!
6
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ScottBaker4yearsago
Ijustcameuponthissite.
Iamdeeplyinvolvedintryingtogetthecountrybacktoitsconstitutionalrootsandresponsibilityto"coinMoney"(Art.1,Sec.8).
Hereisapetitiontodoexactlythat:
http://www.change.org/petition...
Hereisafellowmonetaryreformerwho,likeme,haswrittenarticlesonthesubject,butalsofiledalawsuit(mypetitionisexhibitB),against
Treasury&Geithnerforseveralfactualmisstatementsthatpreventthefullrealizationofseigniorage(>$52billion,justtostart):
http://tompainetoo.com/(Seev.Treasurypulldown).
Iamadvisinghim,andheme.
Thecaseisreal.Thereisacourtdate.Thegov'tistryingtodismissiton"lackofstanding"andothernonfactualgroundsbecausethefacts
areagainstthem!
TakebacktheMoneyPower!ReissueU.S.Notes!
4
Reply Share
Steve5yearsago
IntheArgentinatheyhavefleamarketswherethemediumofexchangeisnotmoney.....butBARTER!WAKEUP!WAKEUP!WAKEUP!
WAKEUP!
4
Reply Share
plasmaborne5yearsago
LincolnKennedywerebothkilledbythebankinginterestsofthe1%forissuingdebtfreeTreasuryNotes.
4
Reply Share
FEDRESERVE>plasmaborne2yearsago
SOSOTRUE,YOURRIGHTONTHEMONEY.
Reply Share
5/12
11/8/2016
MarywSpaulding3yearsago
IamasingleworkingmotherandI'minsomuchdebtthatallIdoiscryabouthowtofeedmykidsandpaymybills.Iambeginningtothinkthat
deathistheonlywayout.I'min20,000indebtandIreallydon'tknowwhattodo.Ican'tgetassistancehereinKentuckybecauseIhaveajob.
SeemslikeIcan'twinforloosing.
3
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mondobeyondo5yearsago
"TheCongressshallhavePower...tocoinMoney,regulatetheValuethereof,andofforeignCoin,andfixtheStandardofWeightsandMeasures
ToprovideforthePunishmentofcounterfeitingtheSecuritiesandcurrentCoinoftheUnitedStates..."
AmongmanyotherthingsmentionedinArticle1,Section8oftheConstitution.
ItalsogivestheprecisemeasurementofsilverforaU.S.dollar.Ican'trememberhowmanygrainsofsilver,I'dhavetoGooglethat.Butthere
arespecificmeasurementsofgoldandsilver.
Wow,hadtoreadthatparagraphagain..."ToprovideforthePunishmentofcounterfeitingtheSecuritiesandcurrentCoinoftheUnitedStates..."
TheFedhasbeenCOUNTERFEITINGtheCoin(dollarsandallothermoney).SowhatisthePUNISHMENTforBenBernankeandCo.??Why
aren'tPaulVolckerandAlanGreenspaninprison?It'sunconstitutional!Butthey'regettingawaywithit!
Andthe"currentCoin"?Tryfindingapre1965dimeorquarterinyourpocketchange.Orapre1982penny.
3
Reply Share
Karmin3yearsago
DonotforgetthatPresidentKennedywasassinatedsixmonthslaterafterissuingthedebtfreenotes.Theprogramwasabolishedandnever
talkedaboutagain.
2
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4thaugust19324yearsago
Justprintupyourownmoneyexclusivelyforyourfriends/family/community.
Hitlerdidthesame.
http://goo.gl/CKppN
2
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John5yearsago
Americansownatleast$10trillionofUSdebt.Thereneverhasbeenanyintentionofrepayingthisdebt.Everytimeatreasurybondis
redeemeditisreplacedwithabrandnewone.That$10trillionindebtisalso$10trillioninAmericancitizen'sassets.Andthoseassetswillbe
passedtoourchildrenandgrandchildren.Why?Becausewewillalldieandourchildrenandgrandchildrenwillinheritthoseassets.Sohois
leaving$10trillioninassetstoourchildrenabadthing?TheUnitedStaescannever'runoutofmoney".Itcanalwayscreateasmuchfiatmoney
asitneeds.Ontheotherhand,greececanrunoutofmoneybecausetheeuroislikebeingonagoldstandard.
2
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Guest>John3yearsago
ShouldwemovetotheEU?Isitbetterthere?
Reply Share
BobMarshall5yearsago
Toomanyhavecometodependonthegovernmenttotakecareofthem.lookatcreditcarddebtinAmericatoday.Bothcongressandmillionsof
citizenshavethesameproblem.Spendingoncreditisoutofcontrol.Soonerorlater,thebillsbecomedue.
2
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DavidJ.Sanchez5yearsago
Averygoodbooktoreadis,"JFKandtheUnspeakable,WhyHeDiedandWhyItMatters",byJamesW.Douglass.Itpointsouthowhealso
aggravatedtensionsbetweenhimselfandtheCIA/PentagonforceswhenhedecidedagainstlaunchingpreemtiveattacksinCubaagainstthe
SovietUnionandbeforehistriptoDallas,TexasheannouncedtoanumberofassociatesthathewouldnotcommitU.S.forcestoalong
groundwarinVietnam.Therewereanumberofreasonswhythepowersthatbewantedtoeliminatethisarticulatestatesman.Afterhisdeath
wetheAmericanpeoplearepayingthepricetothisday.GodBlessusandhopefullysomedaywewillrealizethatweneedtoeducateourselves
totherealityofwhichDr.RonPaulcandidateforPresidentoftheUnitedStatesofAmericaspeaksasherunsfortheExecutiveOffice.
2
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ME2yearsago
tobeginwith,startnow
6/12
11/8/2016
MONEYoutofbanksintoCREDITUNIONS.
http://en.wikipedia.org/wiki/C...
Inpart
TensionhasalwaysexistedbetweenmemberownedcooperativecreditunionsandforprofitbanksintheUnitedStates.Whencreditunions
werefirstorganizingintheUSintheearly20thcentury,thebankingindustrywasopposed,remainingsoeversince.
TheFDICdoesnotprovidedepositinsuranceforcreditunions,whichareinsuredbytheNationalCreditUnionAdministration(NCUA).
https://en.wikipedia.org/wiki/...
TheNationalCreditUnionAdministration(NCUA)istheindependentfederalagencycreatedbytheU.S.Congresstoregulate,charter,and
supervisefederalcreditunions
http://en.wikipedia.org/wiki/C...
Acreditunionisamemberownedfinancialcooperative,democraticallycontrolledbyitsmembers,andoperatedforthepurposeofpromoting
thrift,providingcreditatcompetitiverates,andprovidingotherfinancialservicestoitsmembers.[1][2][3].
Notforprofitstatus
Inthecreditunioncontext,"notforprofit"shouldnotbeconfusedwith"nonprofit"charitiesorsimilarorganizations.[20]Creditunionsare"not
forprofit"becausetheyoperatetoservetheirmembersratherthantomaximizeprofits.[21][22][23]
1
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Edward5yearsago
Ireadallthecomments......whew......Itisdefinitelyinteresting.HooveristheonePresidentthatsignedapaperfromcongressinthemiddleof
thenight,turningtheFederalReserveintoaprivatebank,whichalsointhe"paper"hesigned,turnedlooseallpowerofregulation,no
regualtion?Ha!,thenIownyou,isthewayitisrightnow
1
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BrentBergeron>Edward4yearsago
OnSeptember8,IrequestedthegovernorsoftheFederalReservebankstoendeavortosecurethecooperationofthebankersof
theirterritorytomakesomeadvancesonthesecurityoftheassetsofclosedbanksortotakeoversomeoftheseassets,inorderthat
thereceiversofthosebanksmaypaysomedividendstotheirdepositorsinadvanceofwhatwouldotherwisebethecasepending
liquidation.Suchameasurewillcontributetofreemanybusinessactivitiesandtorelievemanyfamiliesfromhardshipoverthe
forthcomingwinter,andinameasurereversetheprocessofdeflationinvolvedinthetyingupofdeposits.
HerbertHoover
October18,1931
2
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edgy>Edward2yearsago
ItrwasWilsonwhosignedtheGlassOwenActin1913onChristmasEvethatstartedthewholemess
1
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Nathen5yearsago
WhyhaveamoneysystemperiodIbelievethetermrescourcebasedeconomyispossible.jacquefrescoseemsatruelyintelligenthuman
being.Iseesomeflawsinhissolution,butIdothinkgreaterriskusuallymeansgreaterreward.
1
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Allen5yearsago
Onewayortheotherwearegoingtogetoutofthismess.Youknowwhy?Becausealotofusarewakingup.Andthepeoplethatareyounger
thanusarewatchingandwaitingandunderstanding.Andbythetimemylittlebrother(he's14.I'm31)getsmyagewewillhavefiguredthis
thingout.
Ofcourse,weneedthemilitaryonoursideandalotofthemarewakinguptoo.Thisisthemostexcitingtimetobealive.
1
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D.Devil'sAdvocate,Esq.5yearsago
IfCongressisourputativesaviorinthisdebtcrisis,wearewellandtrulyfooked.ShiteMusselams,whobirthedtheBeastfromJekyllIslandin
thefirstplace?Withtheexecutivebranchasmidwifeandbigbusinesshandingoutthecigars?
1
Reply Share
DonLevit5yearsago
Hangemhiwrote:
NowhowaboutU.S.Treasuriesthatgrandmabuysorthatpensionfundsandhedgefundsbuy?Isthatdebt?No,becausetheFedcanprintto
payitback.Aguaranteedsafehaveninvestmentforanywillingbuyer.
Asfarasgrandmaandthepensionfundsgo,theyactuallypaidrealdollarsforthatdebt.Iwouldcallthat"funded"debt.HedgefundsIamnot
http://theeconomiccollapseblog.com/archives/debtfreeunitedstatesnoteswereonceissuedunderjfkandtheusgovernmentstillhasthepowertoissue... 7/12
11/8/2016
Asfarasgrandmaandthepensionfundsgo,theyactuallypaidrealdollarsforthatdebt.Iwouldcallthat"funded"debt.HedgefundsIamnot
sureabout,butiftheydonotpayfullpriceupfrontasgrandmaddid,thatis"unfunded"debt.
AgoodexampleofunfundeddebtisMedicarePartD,whichisfunded75%bygeneralrevenues.Thisisanimmediatebudgetexpense,and
increasesthedeficit.
DoyouthinkPartDfederalexpensesisfundedorunfundeddebt?
Or,toyou,doesitmakeadifference?
Ilikedwhatyousaidaboutawillingbuyer.Whatifthefederalgovernmentitselfisthewillingbuyer?
DonLevit
1
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dman>DonLevit2yearsago
Youareafool,itisalldebt,doyouknowwhatfractionalreserveisorhowitworks?
Reply Share
rob16995yearsago
Kevin2isontosomethingasareyouMichael.Trylookingatitthiswaythe"debt"isn'treallydebtifitcanbenationalizedandpaidoff.Right?
Imeanifyouhadaprintingpress,wouldyoueverbeindebt?
OnceyourealizethatMichael'sproposalispossible(maybenotrealistic)weasanationcansimplestopcallingit"debt"becauseitreallyisn't.
CertainlynotthekindofdebtyouandIhavewhenwegetamortgageorcreditcard.Moreonthisidea:
AmericanconsumerssendChina(worthless)dollarstheysendusrealgoodsinreturn.Chinaprintstheirownmoney,sowhenaChinese
manufacturertradeshisU.S.dollarsinforYuan,theChinesegovprintsup(worthless)Yuanandnowthegovernmentownsthe(worthless)
U.S.dollars.TofooltheirpopulationintobelievingtheU.S.Dollarmeansanythingtoacountrywithit'sowncurrencyandit'sownprintingpressit
turnsaroundandinvestsinU.S.Treasuries.NowAmericansthinkweareworseoffandChinesethinktheyarefundingus.Butisntthat
backwards???
TheFedallowsthischaradebecausetheyknowtheChinesewillneverneedtheU.S.Dollarsback(again,becausetheyhavetheirown
currency)andtheFedcanpaytheinterestonthissocalled"debt"byprintingnew(worthless)U.S.dollars.Soaskyourself......doesthis"debt"
matter?Isiteven"debt"whenaprintingpresscanfundit?Notetoothatthismoneymostlydoesnotmakeitintotherealeconomyitdoesin
chinabutnothereunlessthechinesegovernmentbuystheempirestatebuildingorPebbleBeachorsomehardasset.
NowhowaboutU.S.treasuriesthatgrandmabuys,orthatpensionfundsandhedgefundsbuy?Isthat"debt"?No,itisn'tforthesamereason
becausetheFedcanprinttopayitback(askyourselfifyourdebtwouldbedebtifyoualsohadaprintingpressofcoursenot).Thisismore
seemore
Reply Share
SebraLeaves5yearsago
WeshouldaskKucinichandRonPauliftheirplanstotakebackcurrencycontrolincludestheissuanceofdebtfreedollars.
1
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EdL>SebraLeaves5yearsago
Wealreadyissuedebtfreedollars.Theyaredollarcoins.
1
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Libertarian777>SebraLeaves5yearsago
clearlyyouhavenoclue.
RonPaulwouldn't'takecontrol'ofthecurrency.
HewouldimplementcompetingcurrenciesandlettheFREEMARKETdecidewhichcurrencyrules.
Kucinichontheotherhandisagreenbacker
Reply Share
LenniePike5yearsago
Everythingstartstomakealotmoresensewhenwerealizejustwhoaretheactualpeoplebehindthefederalreserve.
JesusidentifiedtheirancestorsinJohn8,3147.TheywerespokenofalsoinRevelation3,9.
1
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William>LenniePike5yearsago
YouareCORRECT!ThisgroupofpeoplealsofinancedtheRussianRevolution,whichestablishedCommunismintheUSSR,leadingto
thedeathsofabout66million,mostlyOrthodoxChristians.
2
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8/12
11/8/2016

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jake>LenniePike4yearsago
Lennie,
Pikefromthemadworldmovieishilarious!iownthemovieandwatchitnowandagain.Sorrytogetofftopic,butihaveneverknown
anotherperson(outsidemyfamily)whohasevenheardofitletaloneseenit.ThanksformakingyourpiconeofPike"itsabigdoubleya
itellya!"
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0075yearsago
ForthoseplanningtovoteDemocratinthehopethattheywillpreservethegovernmenthandoutsandchecks,getreadyforarudeawakening.
Whiletheyprofesstowanttopreservethehandouts,theyknowawaveofinflationfromthemoneyprintingisgoingtorapidlydestroythevalue
ofyourgovernmentchecks..Everymonthyourgovernmentcheckbuysless.Yet,theytellyouthereisnoinflation.Butyouknowbetter.
Haveyounoticedyourgovernmentcheckshavenotbeenadjustedupfortheeffectsofinflation?Evenworse,theDemocratsthinkyouareso
stupidyouwon'tnotice.
WellgetusedtothisDemocraticscamandexpectittogetmuchworseinthenearfuture.TheDemocratsarehardatworkcuttingyourfuture
costoflivingincreases.Theyevenhaveanewwaytounderestimateinflation(calledchainedCPI)toinsureinflationoutpacesyourgovernment
checks.Inaveryshortperiodoftimeyourgovernmentcheckwon'tevenbuyabagofdogfood.ThisisabigpartofhowtheDemocratsplanto
paydownthegovernmentdebt.Theyintendtopayitonyourback.
IamnotabigRepublicanfan.Iamaneconomicconservative.TheRepublicanpartyneedstocontinuetocleanhouseandgetridofthebig
spendingRINOs.However,weneedtoturnoureconomyaroundandfast.TheRepublicanconservativesdohavetherightconceptatleast.
Weneedlesstaxes,lessregulations,tradereformandabusiness/employerfriendlierenvironment.Intheendyourbestchanceofsurvivalwill
bearealjobtotakecareofyourselfandyourfamilies.
TheDemocratsarehopelesslycommittedtodrivingourcountryintoasocialistcollapse.Therefore,wemustcontinuetoreformtheRepublican
party,butvoteRepublican.DrivethesocialistDemocratsoutofofficeonceandforall.
seemore
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CharlestonVoice5yearsago
OutstandingVideoTheNaziBanksters'CrimesRippleEffect
http://chasvoice.blogspot.com/...
1
Reply Share
CinderellaMan5yearsago
Whydoyoukeepcensoringme?Itsstartingtobother
1
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Michael>CinderellaMan5yearsago
Iamnotcensoringyou.
Michael
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Libertarian7775yearsago
FIATcurrencyistheISSUE.WhetherissuedbytheFedortheTreasury,ifit'sFIATitwillbeinflated.
StopwiththisEllenBrown,GertrudeCoogan,BillStillGreenbackersnonsense.
Adollarwasdefinedas371grainsofsilver.
USsilvercertificatesarewhatthecounterfeitFRNsweremodeledafter(lookatasilvercertificateandlookata$1FRN,theylookthesame).
Ifyouneedanymoreproofofthegreenbackerfallaciesreadthis:
http://lewrockwell.com/north/n...
http://mises.org/resources/581...
Greenbackersstillbelieveincentraleconomicplanning,exceptinsteadoftheFeddoingittheywanttheUStreasurytodoit.ThereISNO
DIFFERENCE.
1
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LenniePike>Libertarian7775yearsago
9/12
11/8/2016
Probablysoundedlikethetruthtoyouthough.
1
Reply Share
dman>Libertarian7772yearsago
couldnotagreemore
Reply Share
LenniePike>Libertarian7775yearsago
Thatwasalie.
Reply Share
jchance8monthsago
Asanauthor,youactlikeaknowitall.Yet,youareCLUELESS!
Youcannotprofitoffofillegalacts,whichtheFederalReserveisjustthat,consideringitwascreatedinviolationoftheUSConstitution,the
highestlawoftheland!
Wherethatisthecase,allinterestwascollectedillegally.Thatmeans,notonlyarethebankstersresponsibleonreturningit,theyhavetopay
damagesandinterestontheirillegalacts.
Reply Share
DavidFarrarayearago
"Sowhyisaprivatecentralbankingcartelissuingourmoney?"
Sowhatyouthinkitisbettertohavethegovernmentbethe"banking"cartel?
Reply Share
YOURFEDRESERVE2yearsago
ABOLISHTHEFEDERALRESERVECORPORATION,IFTHEYDONTWANTTOBEAUDITED,WHATARETHEYHIDING,THEWOLFS
INSHEEPCLOTHING,IAMWAITINGTOSEETHEFEDERALRESERVESIGNTHATSAYS"GOINGOUTOFBUSINESS,"USEBILLS
FORTOILETPAPERORTOSTARTAFIRE,THEYHAVENOVALUE,RETURNTOGOLDYOUCANBURNIT,ITSTILLHASVALUEON
MATERWHATYOUDOWITHGOLD,ITWILLBEGOLD,ALSOSILVER.
Reply Share
PoorNormaJean2yearsago
Notellingwhathecouldhavedone
hadhenotgottenmixedupwithMayrlinMonroe'smurder.
(Andavoidedconvertablecars).
Shewouldhavelivedmuchlongerhadshestayed1,000milesawayfromTheKennedyfamily,justsettledthehelldownandhadkids.
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