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  1. #1
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    How to Fix the National Debt

    Look at your money. See at the top where it says "Federal Reserve Note?"
    This money came from the Federal Reserve Bank. It was bought with
    US Treasury bonds. We pay interest on those bonds.

    There is another kind of US money. It looks the same as Fed money,
    but it doesn't come from the Fed. At the top it says "United States Note."
    We don't pay interest on this money.

    The Fed loans money up to a maximum of nine times the amount on
    deposit. This is according to the law that says a bank must keep
    ten percent of its funds on hand. This is called Fractional Reserve Banking.

    Preceeding the debt crisis of 2007-2008, banks had loaned way more than they
    were allowed. Care to guess how much?

    How to Fix the National Debt
    https://www.youtube.com/watch?v=8YESq8YCWKY
    https://www.youtube.com/watch?v=wZ3kE8fvvug
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  2. #2
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    Now explain to a normal person, WHY a country has to borrow its money from a private bank like the FED?

    JFK was assassinated for trying exactly this and emit United States Notes.... so now you know.

  3. #3
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    Quote Originally Posted by gustavhorna View Post
    Now explain to a normal person, WHY a country has to borrow its money from a private bank like the FED?

    JFK was assassinated for trying exactly this and emit United States Notes.... so now you know.
    If anyone wants to know the whole dirty story... get this book:

    The Creature from Jekyll Island

    The answer to why...
    Is bankers controlling polecats...
    Which would NEVER happen...
    If the voters were keeping THEIR polecats on a short leash!
    GA-HVAC-Tech

    Your comfort, Your way, Everyday!

  4. #4
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    Thread Starter
    Quote Originally Posted by gustavhorna View Post
    Now explain to a normal person, WHY a country has to borrow its money from a private bank like the FED?
    It doesn't. Not only that, but the Constitution does not give Congress the power to create or authorize a central bank.

    The only power that could authorize a bank is in the 10th Amendment:
    "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or the people".

    https://answers.yahoo.com/question/index?qid=20080726174454AAaO22c


    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  5. #5
    Join Date
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    Thread Starter
    2771, The Truth About Fed’s Interest Rate Cut, 2771

    https://www.youtube.com/watch?v=eHWzxI6UCRM
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  6. #6
    Join Date
    Mar 2004
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    SE Michigan
    Posts
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    Quote Originally Posted by ga-hvac-tech View Post
    If anyone wants to know the whole dirty story... get this book:

    The Creature from Jekyll Island

    The answer to why...
    Is bankers controlling polecats...
    Which would NEVER happen...
    If the voters were keeping THEIR polecats on a short leash!
    Excellent book!
    “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”

  7. #7
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    Quote Originally Posted by Space Racer View Post
    Look at your money. See at the top where it says "Federal Reserve Note?"
    This money came from the Federal Reserve Bank. It was bought with
    US Treasury bonds. We pay interest on those bonds.

    There is another kind of US money. It looks the same as Fed money,
    but it doesn't come from the Fed. At the top it says "United States Note."
    We don't pay interest on this money.

    The Fed loans money up to a maximum of nine times the amount on
    deposit. This is according to the law that says a bank must keep
    ten percent of its funds on hand. This is called Fractional Reserve Banking.

    Preceeding the debt crisis of 2007-2008, banks had loaned way more than they
    were allowed. Care to guess how much?

    How to Fix the National Debt
    https://www.youtube.com/watch?v=8YESq8YCWKY
    https://www.youtube.com/watch?v=wZ3kE8fvvug
    I guess I am stupid on this topic. But WHY would the wealthiest nation on the planet be in debt????? We should have treasure-troves in vaults!!!!
    "You boys are really making this thing harder than it has to be". Me

    “They can’t do anything about it unless they start shooting people, and presumably they won’t do that.” Protester & confirmed idiot.

    "I am not here to rescue you, I am bringing you along for emergency rations" Quark.

    "This is me, I'm not at home. If you'd like to reach me, leave me alone." Sherl Crow

    I give free estimates [Wild Ass Guesses] over the phone.

  8. #8
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    Quote Originally Posted by Tool-Slinger View Post
    I guess I am stupid on this topic. But WHY would the wealthiest nation on the planet be in debt????? We should have treasure-troves in vaults!!!!
    My personal opinion:
    Because we are too lazy to keep our (yes, we OWN them) polecats on a VERY SHORT leash...
    GA-HVAC-Tech

    Your comfort, Your way, Everyday!

  9. #9
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    Thread Starter
    Quote Originally Posted by Tool-Slinger View Post
    I guess I am stupid on this topic. But WHY would the wealthiest nation on the planet be in debt????? We should have treasure-troves in vaults!!!!
    Because we don't have a balanced budget requirement and Congress spends more than it receives.
    This is also the root cause of inflation.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  10. #10
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    Sep 2005
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    Atlanta GA area
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    Quote Originally Posted by Space Racer View Post
    Because we don't have a balanced budget requirement and Congress spends more than it receives.
    This is also the root cause of inflation.
    And it excaserbates the boom-bust cycle... in other words; it makes the booms larger and the busts larger...

    All because we are too lazy to reign in the polecats and make them accountable.

    It is really not much more difficult than disciplining a child...
    Just make them accountable... in public... and the rest will get done!
    GA-HVAC-Tech

    Your comfort, Your way, Everyday!

  11. #11
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    Thread Starter
    Milton Friedman - Abolish The Fed

    https://www.youtube.com/watch?v=m6fkdagNrjI
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

  12. #12
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    Quote Originally Posted by ga-hvac-tech View Post
    If anyone wants to know the whole dirty story... get this book:

    The Creature from Jekyll Island

    The answer to why...
    Is bankers controlling polecats...
    Which would NEVER happen...
    If the voters were keeping THEIR polecats on a short leash!
    Amen

    Roy
    A man is no less a slave because he is allowed to choose a new master once in a term of years.
    Lysander Spooner

  13. #13
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    Thread Starter

    https://townhall.com/political-carto...9/10/30/169256

    The monster in this picture is the Federal Reserve Bank.
    Vacuum Technology:
    CRUD = Contamination Resulting in Undesirable Deposits.
    CRAPP = Contamination Resulting in Additional Partial Pressure.

    Change your vacuum pump oil now.

    Test. Testing, 1,2,3.

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