I see an economic diasater coming...

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More about the USA money system.http://www.andygause.com/

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Some details on the federal reserve.http://www.federalreserve.gov/boarddocs/testimony/1997/19970916.htm

[sparks]

   If I go to a federal reserve bank and give them a bunch of federal reserve notes I can purchase a us treasruy note.  This tbill is a form of money that is created by taxation of the countries citizens.  The treasury department is obliged to payout in federal reserve notes upon surrender of the tbill.  Since the federal reserve notes can be exchanged for tbills it is obviously a shell game where you have to try to figure out which shell has anything of value associated with it.  The federal reserve puts its paper promissary notes into circulation by purchasing treasury notes.  They are loosing interest in buying treasury notes because the American people now owe way more to the federal reserve than it can possibly make in 3 or 4 lifetimes never mind the interest the federal reserve system charges for doing nothing besides investing in the ability of the federal government to wrest wealth from its citizens.  So instead they are all about seizing assets now.  We need to have the elected officials print an exchange currency based directly on the GNp  You can let the federal reserve print all the debt notes it wants.  The new currency will be excluded from the purchase of investment instruments.  It will be strictly seperated from glorified casino chips that our currency now consists of.  You want to buy a home to live in fine.  You want to buy a home and turn around and sell it for more then go play the bankers game.  You work hard and save your real money and show the ability to purchase a better home or a boat or something then you are free to do so with real money.  Not government issued casino chips.

[the_big_m_in_ok]

   If I go to a federal reserve bank and give them a bunch of federal reserve notes I can purchase a us treasruy note.  This tbill is a form of money that is created by taxation of the countries citizens.  The treasury department is obliged to payout in federal reserve notes upon surrender of the tbill. ...

Okay, yeah, but that stops---and all other economic activity as well---when a run on the Federal Reserve and commercial banks ensues before the economy collapses, yes?

  Since the federal reserve notes can be exchanged for tbills it is obviously a shell game where you have to try to figure out which shell has anything of value associated with it.  The federal reserve puts its paper promissary notes into circulation by purchasing treasury notes.

That would cause uncontrollable inflation, eventually, wouldn't it?

So instead they are all about seizing assets now.

It's been like that for some time now.

We need to have the elected officials print an exchange currency based directly on the GNp

The COLA (Cost of Living Allowance) for SSI/SSDI/Soc. Security was considered in the past to have been tied to the national inflation rate, but that provision was shelved awhile ago.  People might have been able to live inside their means, then, as now, if they did?

--Lee

[sparks]

   The purchase of Tbills by the federal reserve is a futures purchase.  Their main assets besides the physical assets is tbills.  These are promissary notes that state that the taxpayers of the United States will repay in goods and services and any other pursuit of happiness the feds can put their greedy lazy fucking hands on to the owner of the note.  So this privatized corporation for the services rendered own you me our children and there children and there children.  What service does the Federal Reserve provide besides run a check clearing house that is totally being obsoleted by electronic payment processing. What do these people do to allow them to enslave us and not only enslave us but for generations to come.  They even turn a profit at being a clearinghouse.  Woodrow Wilson was a tool a puppet.   Who imposed the income tax and established the Federal Reserve all in one administration.  What followed right after this.  Wars stockmarket crashes inflation more wars more recessions more inflation.  Your right an economic disaster is coming for the federal govenment.  People will be forced to go underground more and more and more.  The federal government wont have anybody left to tax because on paper no one will be working.  There recourse will be to issue more tbills to the federal reserve in exchange for currency drops.  Everyone knows that these bills are getting worthless so if the federal government wants to stay in tact it better just welch on the tbills.  This makes the Federal Reserve Insolvent and it goes away.  Start printing money directly tied to the GNP.  The GNP to citizen ratio drops pull that much money out of circulation.  The GNP increases add that much money into circulation.  These are trade instruments not debt notes.  Use seashells like the indiians did anything but green paper with pictures of politicians on it.  If they dont what is going to happen is the US is going to blow up.  And when the dust settles the corporations will move in and rebuild one nation under the net profit and loss statement.  Why was it necessary to dump trillions of dollars into the banking system because the stockmarket crashed.  It was necessary because ever since 911 the federal govenment was transferring into defense contractors hands huge amounts of taxpayers futures.  This money was not being put back into circulation in the United States.  It didnt trickle down it gushed out.  The stockholders of the defense contractors are not really interested in how poor the United States gets it is more interested in how fast will their economy bust.