U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-18-2012, 07:23 AM
 
2,644 posts, read 1,694,221 times
Reputation: 5717

Advertisements

Also, when are you people going to realize that government debt is not the same as debt that a company or individual accrues?

Quote:
All U.S. government debt is created through the Federal Reserve system.

When the government wants more money, the U.S. government swaps U.S. Treasury bonds for "Federal Reserve notes", thus creating more government debt. Usually the money isn't even printed up - most of the time it is just electronically credited to the government. The Federal Reserve creates these "Federal Reserve notes" out of thin air.

When the Federal Reserve creates money this way, it does not also create the money to pay the interest on the debt that has been created. Eventually this puts pressure on the U.S. government to borrow even more money to keep the game going. So what this creates is a spiral where the U.S. government must keep borrowing increasingly larger amounts of money, where the money supply is endlessly expanding and where the value of the U.S. dollar is destined to continue going down forever.

As long as the Federal Reserve system exists, the national debt will keep going up, the money supply will keep going up and the U.S. dollar will continue to decline in value.

This is not because of some big mistake. This is what the Federal Reserve system was designed to do. It was designed to trap the U.S. federal government (and by extension all of us) in perpetual debt.




The bottom line is that Congress and the banking cartel have entered into a partnership in which the cartel has the privilege of collecting interest on money which it creates out of nothing, a perpetual override on every American dollar that exists in the world.

Congress, on the other hand, has access to unlimited funding without having to tell the voters their taxes are being raised through the process of inflation. If you understand this paragraph, you understand the Federal Reserve System.


That means all the American dollars in the entire world are earning daily and compounding interest for the banks which created them. A portion of every business venture, every investment, every profit, every transaction which involves money -- and that even includes losses and the payment of taxes -- a portion of all that is earmarked as payment to a bank.

And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money.

The flow of such unearned wealth under the guise of interest can only be viewed as usury of the highest magnitude.

In the Federal Reserve system, money is debt and debt is money. If there was no debt, there would be no money.

The U.s is the world's reserve currency that other currencies float against. WE are the standard.
Reply With Quote Quick reply to this message

 
Old 02-18-2012, 07:38 AM
 
2,644 posts, read 1,694,221 times
Reputation: 5717
Quote:
The Chinese wouldn't accept it, but many of the point-and-grunt fools at the center of Obama's core constituency would gladly do so.

And when all that money started chasing the unchanged amount of durable goods inthe marketplce, inflation would go through the roof.
Are you sure about that? They must accept dollars for dollar debts.

Either way, The Chinese hold onto U.s dollars because it's the reserve currency.


Say, the Chinese finally get smart enough to stop allowing us to rob their real natural resources and labor for peices of paper we can print endless quantities of and they want out. Of course, after they are done being completely destroyed.....what happens if the Federal reserve buys those bonds and holds them....the money isn't floating out into the economy chasing those goods....it's just being held by a different central bank.

The serpant eating it's own tail.
Reply With Quote Quick reply to this message
 
Old 02-18-2012, 07:54 AM
 
2,644 posts, read 1,694,221 times
Reputation: 5717
Quote:
Originally Posted by pommysmommy View Post
I think China owns us "lock, stock, and barrel."
China owns paper that has value because we say it does.


Basically, the United States created "globalism" to dollarize the world. We make dollars (paper) and everyone else makes things (real goods/resources) that dollars can buy. From us having an (intentional) trade deficit, the other countries would build up dollar reserves. They would then invest these reserves in U.s treasuries, which allowed us to consume more (with intentional budget deficits). This setup created even bigger trade deficits...which meant more dollars floating out. Bingo. You guessed it. Foreign central banks needed to hold even more reserves (to prop up the dollar and keep their currencies low to maintain their export based economies). We were more than happy to supply the budget deficit and extra consumption. It was a form of colonizing the world more slick than the British could have ever dreamed of.



basically, other countries will continue the game and allow us to win with them winning less....or they make us lose...and we all lose.


The U.s is the smartest empire in history. We do not take direct ownership of other countries assets via colonies, because that leads to problems. We merely take indirect ownership and demand that they accept our (unlimited) dollars as payment.
Reply With Quote Quick reply to this message
 
Old 02-18-2012, 07:59 AM
 
2,644 posts, read 1,694,221 times
Reputation: 5717
Let's stop pretending China is king. They are still playing our game, and we created the rules. We win or no one wins.
Reply With Quote Quick reply to this message
 
Old 02-18-2012, 08:05 AM
 
Location: Austin
29,505 posts, read 16,366,131 times
Reputation: 8041
Quote:
Originally Posted by P Daley View Post
We can give them Alabama, Mississippi, South Carolina, Kansas, Iowa, Nebraska, Oklahoma and about 13 other useless places. Basically about everything between Illinois and Nevada!

I would start with Illinois... and give them all the other frozen states too.
Reply With Quote Quick reply to this message
 
Old 02-18-2012, 08:10 AM
 
2,644 posts, read 1,694,221 times
Reputation: 5717
Quote:
I would start with Illinois... and give them all the other frozen states too.
So, why are we giving them hard assets again? Can we come back to reality, or are you people going to keep pretending like China actually has claim to American assets?
Reply With Quote Quick reply to this message
 
Old 02-18-2012, 08:29 AM
 
Location: Pacific Northwest
1,754 posts, read 1,580,258 times
Reputation: 3449
They can have certain parts of Oregon that are trashpits now thanks to the influx of illegals, such as Salem and McminnVILE. But none of our coastal areas.
Reply With Quote Quick reply to this message
 
Old 02-18-2012, 08:33 AM
 
Location: Democratic Peoples Republic of Redneckistan
11,102 posts, read 13,136,002 times
Reputation: 3923
Quote:
Originally Posted by Roadking2003 View Post
I would start with Illinois... and give them all the other frozen states too.
Give 'em Chicago,don't give them my place down here in southern IL...they wouldn't fit in to good here anyway.
Reply With Quote Quick reply to this message
 
Old 02-18-2012, 08:48 AM
 
Location: Maine
6 posts, read 17,459 times
Reputation: 16
"I support the party of Lincoln. I cannot in good conscience support this monstrosity making mockery of Lincoln and disgracing American legacy through treasonous predatory behavior.[/quote]

I too support the America of Lincoln. I was only tired of listening to how Repubs hated the blacks.
Reply With Quote Quick reply to this message
 
Old 02-18-2012, 08:50 AM
 
Location: One of the 13 original colonies.
10,132 posts, read 6,440,529 times
Reputation: 7981
Quote:
Originally Posted by P Daley View Post
We can give them Alabama, Mississippi, South Carolina, Kansas, Iowa, Nebraska, Oklahoma and about 13 other useless places. Basically about everything between Illinois and Nevada!


Let's give them the useless state that you come from. You can call other states useless.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. | Please obey Forum Rules | Terms of Use and Privacy Policy

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top