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Old 11-21-2011, 07:31 PM
Location: Fort Worth, TX
9,397 posts, read 13,281,032 times
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On its face, our system should work pretty well. At least that's what I've gathered from my macroeconomics course this semester, but that's just one class so I don't claim to know what works best.
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Old 11-22-2011, 05:41 PM
7,584 posts, read 4,058,573 times
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Originally Posted by 2e1m5a View Post
Exactly, a nation without debt is a free and prosperous one, but don't tell the Federal Reserve that. They enjoy the stranglehold they have had on our country since 1913.

Thomas Edison on Government Created Debt-Free Money:

If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good. The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond and an additional 20 per cent, whereas the currency pays nobody but those who directly contribute to Muscle Shoals in some useful way.
” … if the Government issues currency, it provides itself with enough money to increase the national wealth at Muscles Shoals without disturbing the business of the rest of the country. And in doing this it increases its income without adding a penny to its debt.
“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people.

Thomas Edison on Government Created Debt-Free Money | Prosperity UK
It's call slavery, but with utilizing a new definition. Shhh, don't tell anyone, believing one free and prosperous, is the best kept secret in town.
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