European Union members on the European Union

[Shazam]

Originally Posted by mikey_the_redneck

Well first you wouldn't have to pay interest on the money that is created. It would be a transparent operation. You could control inflation alot better.

Inflation is simply the increase in money supply. The result is higher prices for goods because the value of money is less.

Wow, you're even more out of your mind that what I first thought. Free money? Yeah, that's the ticket.

[CaptainCrunch]

[Cowboy89]

Originally Posted by mikey_the_redneck

Ron Paul is smarter than both of us. Seriously, conspiracy theory? What theory? That the Fed controls credit and currency?

Central banks print out the money, and lend it to the government at interest. The politicians don't want to raise taxes because that would be unpopular with the voters, so they keep borrowing more, more and more. What are they at now, ...19 straight budget defecits in the U.S.?

You think the people should have to pay for the banks' mistakes? These bail outs are only helping out the banks and Goldman Sachs types....that are supposedly "too big to fail"...

It's not wholley the banks fault that people entered into loans that they had no business affording. I still believe that anyone who racks up their credit cards and buys houses on no equity deserve to suffer the full consequences of their poor financial decisions as well.

Also all they would need to do to rein in the banks easy lending would be to increase bank reserve requirements. But too bad the grass roots 'bank regulation' movement is too 'out for blood' to think critically.

EDIT: Upon reading further quotes: You want to abolish the concept of interest on borrowed money by governments and somehow you think this will decrease inflation and debt? Wow you are nuts!

[mikey_the_redneck]

Originally Posted by Shazam

You're out of your mind.

You should read a book. It's not a big secret that Kennedy didn't like the Fed, ....or the CIA for that matter.

[mikey_the_redneck]

Originally Posted by Shazam

Wow, you're even more out of your mind that what I first thought. Free money? Yeah, that's the ticket.

It would be backed by something, unlike U.S. dollars today.

The issuance would be held in balance with what the nation produces, controlling inflation.

[Shazam]

Originally Posted by mikey_the_redneck

You should read a book. It's not a big secret that Kennedy didn't like the Fed, ....or the CIA for that matter.

Er, not that part...

[Shazam]

Originally Posted by mikey_the_redneck

It would be backed by something, unlike U.S. dollars today.

The issuance would be held in balance with what the nation produces, controlling inflation.

You realize that with zero-interest lending, there is NO reason to ever lend, ever, right?

[Flame Of Liberty]

Originally Posted by Shazam

You realize that with zero-interest lending, there is NO reason to ever lend, ever, right?

[Flame Of Liberty]

Originally Posted by Cowboy89

This doesn't relate to Ron Paul style tin foil hat conspiracy theories. Central banks don't enact social programs and government spending that is unsustainable.

I find those who espouse belief in "Federal Reserve Conspiracy theories" know the least about what they do and economics in general.

lol are you serious? Honest question.

[Traditional_Ale]

Originally Posted by mikey_the_redneck

You should read a book. It's not a big secret that Kennedy didn't like the Fed, ....or the CIA for that matter.

mikey_the_redneck book club required reading is?

(actually, seriously, what book?)

[Knalus]

Originally Posted by Pinner

Do they really care if their economic growth slows down ?

They could weather a slow down better than anyone else.

No, they couldn't. Not even close. The only reason they have the support of the people is because they are giving them wealth. As soon as that slows, well, it's revolution time.

[mikey_the_redneck]

Originally Posted by Traditional_Ale

mikey_the_redneck book club required reading is?

(actually, seriously, what book?)

Check out Crossfire by Jim Marrs..

..and here is a little info about Executive Order 11110.

http://www.google.ca/url?sa=t&source...feXXwMmAOvS12A

Kennedy gave the Treasury Secretary the power to issue U.S. notes based on silver reserves, to compete with the Federal reserve notes...

[CaptainCrunch]

Jim Marr

The freemason, UFO conspiracy, Kennedy Assasination, 9/11 conspiracy advocate,

That Jim Marr?

[CaptainCrunch]

More on Executive Order 11110

http://mcadams.posc.mu.edu/weberman/jfk.htm

E.O. 11,110 did not create authority to issue new silver certificates, it only affected who could give the order. The purpose of the order was to facilitate the reduction of certificates in circulation, not to increase them. In October 1964 the Treasury ceased issuing them entirely. The Coinage Act of 1965 (PL 89-81) ended the practice of using silver in most U.S. coins, and in 1968 Congress ended the redeemability of silver certificates (PL 90-29). E.O. 11,110 was never reversed by President Johnson and remained on the books until 1987 when there was a general cleaning-up of executive orders (E.O. 12,608, 9/9/87). However, by this time the remaining legislative authority behind E.O. 11,110 had been repealed by Congress with PL 97-258 in 1982

In summary, E.O. 11,110 did not create new authority to issue additional silver certificates. In fact, its intention was to ease the process for their removal so that small denomination Federal Reserve Notes could replace them in accordance with a law Kennedy himself signed. If Kennedy had really sought to reduce Federal Reserve power, then why did he sign a bill that gave the Fed still more power? Marrs also makes some other factual errors in his conspiracy tale that suggest he is not very familiar with the Federal Reserve or the financial system. He writes that a source of tension between the Federal Reserve and the Kennedy Administration was the Treasury's desire to allow banks to underwrite state and local government bonds, thereby weakening the "dominant" Federal Reserve banks. However, such a move, which was later permitted by Congress, would not have affected the Federal Reserve system because it had never been involved in underwriting bond issues. Marrs also claims that Kennedy signed a bill that changed the backing of small denomination currency from silver to gold to "add strength to the weakened U.S. currency." This is completely false. U.S. currency has not been on the gold standard since 1934, and silver certificates, as their name suggests, had never been redeemable in anything but silver. In addition, U.S. currency was not "weak" during Kennedy's time: There had not been any significant inflation since the late forties, and the exchange rate value of the dollar was fixed according to the Bretton Woods agreement

[Traditional_Ale]

^ Someone just got pwned. And it wasn't the Captain.

[amorak]

Originally Posted by mikey_the_redneck

It would be backed by something, unlike U.S. dollars today.

The issuance would be held in balance with what the nation produces, controlling inflation.

Dear God... As a masters level educated businessman who spent a great deal of his formative days in University studying two areas of interest - Politics and Economics - Your posts make me very, very scared for our children.

If you believe 1/204th of what you've just posted, I think its time Shaw throttles your internet and begins blocking 911wasaninsidejob.com.

the half truths and falsities by omission you're portraying as some sort of fact is very misleading. What you've described in the sum of your posts in this thread would being the worlds economies to their knees, plain and simple.

Instead of posting sound bytes on a hopelessly complex subject, give us some facts, like captain just did in proving you wrong on Exec order quad 1 zero.

[mikey_the_redneck]

Originally Posted by amorak

Dear God... As a masters level educated businessman who spent a great deal of his formative days in University studying two areas of interest - Politics and Economics - Your posts make me very, very scared for our children.

If you believe 1/204th of what you've just posted, I think its time Shaw throttles your internet and begins blocking 911wasaninsidejob.com.

the half truths and falsities by omission you're portraying as some sort of fact is very misleading. What you've described in the sum of your posts in this thread would being the worlds economies to their knees, plain and simple.

Instead of posting sound bytes on a hopelessly complex subject, give us some facts, like captain just did in proving you wrong on Exec order quad 1 zero.

It is a complex subject.....I'm no expert. Fill me in here...

So the Fed doesn't just up and print money to loan to governments and charge interest on it?

Well if you really want facts, look no further than the Feds' record since it came to be in 1913. Numerous depressions, extreme national debt, and significant inflation....

The fact is you don't and shouldn't have to pay interest to private businesses just to create money.

[mikey_the_redneck]

Dang...

Looks like I gotta read more Kennedy books..

[mikey_the_redneck]

Originally Posted by Shazam

Er, not that part...

Well if you want to know all about the Fed you can read "Creature from Jekyll Island" by G Edward Griffin.

[HPLovecraft]

People don't like to hear it, but we've become simply too big. There IS a size limit to economic growth, and we're reaching it (if not already have). It's time to become smaller, more decentralized, and look to community growth and sustainability, and I'm not just speaking of the environment. Economically it's just no longer feasible to continue operating the way we have been since WW2.

And let's not even speak about the state of food production.