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:	post by TheRidersofDoom at 2009-09-25 00:21:21

Well you see, the problem is fundamental, the federal reserve is the devil.

The last time national debt was zero was when Jackson ended the central bank, which was the precursor to the fed. reserve.

I also think the way money is created in america is retarded to a point beyond retardation

the government gives the federal reserve notes in exchange for money...then this money is deposited and 9 times that amount can be loaned out, and then that money in turn can be deposited and the bank can loan nine times that amount

Put it this way. If your bank alone counted up all its reserves it could technically loan out nine times that much money to customers.

the beautiful thing to is the government borrows from the federal reserve on interest.... and there is more debt plus interest owed to the reserve than there is money in the whole country.

this is also why a dollar of today is equal to 24 dollars of 1913, because the more money we have the less valuable it becomes

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