Why the government prints money

[lieqiang]

Originally Posted by jetgraphics

Go home, nothing to see here, don't trouble your pretty little heads over big scary numbers.

Dude you've been talking about the collapse around the corner for at least a decade on here.

You're wrong a lot, but keep coming back like Jason to make basically the same posts saying we're collapsing. Here you were in 2013, same spiel you just edit some of the numbers to keep up:

Originally Posted by jetgraphics

COLLAPSE is inevitable and ongoing, as you read this.

The nearly 17 Trillion dollar public debt is not what you think it is.
The facts are not known by many Americans, nor understood.

Without the tiresome legal citations, here are the facts:
Since 1933, no dollars have circulated.
Federal Reserve notes “dollar bills” are not dollars, but IOUs denominated in dollars.
Since 1933, they have not been redeemable, and thus have no par value - worthless.

They ARE legal tender on obligated parties on said IOUs. By law, the U.S. government is an obligated party. And by agreement, the enumerated “human resources” (via FICA) are also obligated parties.

Restating, if you have an account and number with Socialist InSecurity, you are a “contributor” pledged as collateral on that public debt. YOU and your property are pledged as a surety - and obligated to pay claims made upon the bankrupt U.S. government.

Another way of looking at it, Congress is kiting bad checks that you have co-signed on. When the creditor comes a-knocking, YOU and YOURS shall be taken in default.

I repeat : if you are a “voluntary” participant in FICA, you are the real party at risk from a government default on the public debt.

To compound matters, the debt can never be paid. By law, the debt computes to over 800 billion ounces of gold, stamped into coin. World wide supply (est) is only 5.6 billion ounces. So any talk of “balanced budgets” or “fiscal responsibility” is heifer dung and propaganda for the sheeple. Congress has been DEAD BROKE since 1933, and running under “Emergency Rules.” The irony is that by our consent, they can keep going and going and going.

This will not end well.

..........
References:
Coinage Act of 1792, et seq
Title 12 USC Sec. 411
FICA / Social Security Act of 1935
House Joint Resolution 192, June 1933
Legal Tender Status

" Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."

[The site coyly avoids mentioning that FICA is the means by which all YOUR goods and labor back their worthless IOUs.]

Senate Report 93-549
War and Emergency Powers Acts
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."

... ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...
Constitutional U.S.A. (1787 - 1933) R.I.P.

COLLAPSE IN PROGRESS, PLEASE PARDON THE MESS
- - - the government

Here you were in 2010:

Originally Posted by jetgraphics

Somewhat correct, but not grounds for secession.

Some of this is covered here:
http://www.city-data.com/forum/polit...e-deleted.html
http://www.city-data.com/forum/polit...hrive-die.html

Summed up:
[] The U.S. government has been bankrupt since 1933. (You do know that a "dollar bill" is a worthless IOU...)
[] The government has operated under a perpetual "temporary" State of Emergency for 77 years.
[] The U.S.A. was re-organized into the United Socialist States of America, in 1935.
[] The imminent collapse is due to (a) usury and (b) socialism / collectivism.

Will secession resolve the problem?
No.
Secession will only help the predators waiting patiently to steal what they can.
===================
So, is there any solution or set of solutions that would reverse the steady march to collapse?
http://www.city-data.com/forum/polit...ment-90-a.html
http://www.city-data.com/forum/polit...icine-usa.html
====================
What is commonly perceived as a "right versus left" ideological battle is contrived nonsense.
http://www.city-data.com/forum/polit...lib-v-con.html
====================
What Americans desperately need to learn is their heritage and birthright under the "republican form of government" (not to be confused with the partisan Republican party).

The republican form is where the people are sovereigns, and directly exercise that sovereignty.

No other nation on this earth has a republican form (not to be confused with "republic"). Every other nation's government is sovereign over its people.

Only in America are the people superior to the government - until they surrender that sovereignty.

The world's greatest propaganda ministry has been responsible for conditioning millions to accept illusion despite the facts being in print, in any county courthouse law library. That millions have been kept ignorant and apathetic shows their power.

If you wish to break that "power", secession is not the solution.
Knowledge is.
Don't believe me - go read the law for yourself.
I may have made an error - I am not infallible.

But so far, I have yet to find one law that violates the sovereignty, freedom and independence of the sovereign American national / free inhabitant, domiciled upon his private property, endowed with natural and personal liberty, of which the servant government swore an oath to secure.

That "they" have tricked millions into surrendering their birthright and heritage is a fact. But there is still time to educate oneself to the truth, withdraw consent, and restore one's lost status at law.
Or at least there's time until the USSA collapses and the People's Democratic Socialist Republic of America arises.

The collapse is forever coming...

[Hoonose]

Originally Posted by JoseCar

Print more money because the economy of the country requires them. But this generates currency inflation

Or not. Potential inflation, not absolute.
After the 2008 crash the Fed created $4T of new USD's with virtually no resultant inflation. In fact that was part of its defect and weak economic remedy.

[Snowpacked]

I say - we cannot continue down this path and not suffer the consequences eventually.

[Mircea]

Originally Posted by pvande55

Classical economic theory says that as long as the Federal budget is balanced there is no impact on the economy.

No theory says that. You're just making things up.

Originally Posted by pvande55

But in the case of the US, there is a constant trade deficit, meaning billions go out of the economy, many never to return.

Open up NotePad, WordPad, Word or some other word processor and start typing the following:

$1 of imports does not equal $1 of GDP.

Keep typing until you grasp the concept.