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Who said I'm laughing? I won't mind taking those them off your back and taking care of your cash.
If people believe they are really IOU's that will be called due and not money even in the least, no one would mind giving some one else their IOU's.
I'm just asking you to "put your money where your mouth is". If you think they are money and not IOU's, you'll keep them.
You missed the point.
Those IOUs are YOUR obligation, to be redeemed by YOUR labor and property.
By law, you are individually liable for the WHOLE public debt (13.5 trillion and rising).
Since they are not money, they do not alienate title. Ergo, you can't prove you absolutely own anything you buy with them. That's why you have to pay a tax to buy, to sell, and even hold big ticket items. Fail to pay, and the government will confiscate 'your' property.
You've surrendered your rights, and now exercise taxable privileges.
And according to law, you cannot own "dollar bills" - they remain the property of the U.S. government. However, you can own "dollars" (silver or gold coin).
I hope he wears a bullet prof vest cause he might need it. The bankers will not give up this power quietly.
I agree that if had been elected, and tried this, he wouldn't last long. But as long as he is portrayed as a 'kook' by the media, which is controlled by the banks, and has no power to effect the change, then he is safe.
I hope he wears a bullet prof vest cause he might need it. The bankers will not give up this power quietly.
Good for Kucinich. I think we'd be far better off entrusting Congress with money creation than Ben Bernanke.
I didn't read the whole thing. I just got to page 15 but the gist of the bill would take away the ability of the Federal Reserve to make loans and in so doing, print money as there are no reserves in the Federal Reserve.
I want to finish reading the bill at some point but have to go do errands. Does it say the IRS should be abolished too? That would be nice because the IRS was an off shoot of the Federal Reserve act.
Why should we borrow trillions from communist China so that US billionaires can have lower tax rates?
Why are the bottom 50% of income earners sponging off the government, such that they must borrow trillions from the Chinese to support thier entitlement programs?
One does not have to "borrow" money until it is spent. Let's just cut the apron strings from the bottom 50% dead beats, allow them to pay thier own way, and there would not be a need for the feds to borrow anything!
Why should we borrow trillions from communist China so that US billionaires can have lower tax rates?
Why should we borrow $Trillions so that non-producers in this society can continue to sit on their azz's and procreate a new generation of entitlement voters?
Why should we borrow $Trillions so that non-producers in this society can continue to sit on their azz's and procreate a new generation of entitlement voters?
Sitting on one's arse is widely practiced in Europe, but that is being taken from them,
Issue them shovels, *****xes and other stuff to do useful work in our forests, parks etc. Have them plant new trees in forests that have been logged.
That's usable work. We can borrow a few billion more from the Fed to implement it.
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