Debate on the agenda of government failure to prevent the economic collapse

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investorzzo's picture
investorzzo
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Debate on the agenda of government failure to prevent the economic collapse

The arguments made here are amazing. Some just don't get it. Lets fix the problem later, what later? Regulation didn't work and the system as it is won't work. Makes you wonder how these guys can get it so wrong.

http://peterschiffchannel.blogspot.com/2009/09/financial-crisis-caused-b...

DrKrbyLuv's picture
DrKrbyLuv
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Re: Debate on the agenda of government failure to prevent ...

I don't think it's fair to blame the government for what they did or didn't do, leading up to this crisis.

They have no financial authority other than to decide how much we need to borrow.  The private federal reserve runs our economy and issues all of money as profitable debt.  Until we take back our power, we will remain a client state of the banks.  Maybe the government is guilty of treason but lets be fair, they had nothing to do with our economy.

Larry

investorzzo's picture
investorzzo
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Re: Debate on the agenda of government failure to prevent ...
DrKrbyLuv wrote:

I don't think it's fair to blame the government for what they did or didn't do, leading up to this crisis.

They have no financial authority other than to decide how much we need to borrow.  The private federal reserve runs our economy and issues all of money as profitable debt.  Until we take back our power, we will remain a client state of the banks.  Maybe the government is guilty of treason but lets be fair, they had nothing to do with our economy.

Larry

Sorry Larry, but I must disagree. The government sets the agenda and or the administration. There basically was no oversight during the Bush administration. It was an all out attack on the little guys rights. Basically Bush and his cronies did nothing to stop the wall street bandits from raping the middle class and poor. And congress stood by and did nothing but complain. Now were here and like most of us on this site now know the truth. So does a lot of congress. Lets see what they are willing to do now that the guard has changed. The government continues to growth exponentially and to what end? At a time when government needs to be slashed to the bone, it's not. It's just to easy to let the tax payer foot the bill.

Thomas Hedin's picture
Thomas Hedin
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Re: Debate on the agenda of government failure to prevent ...

Larry wrote:

I don't think it's fair to blame the government for what they did or didn't do, leading up to this crisis.

They have no financial authority other than to decide how much we need to borrow.  The private federal reserve runs our economy and issues all of money as profitable debt.  Until we take back our power, we will remain a client state of the banks.  Maybe the government is guilty of treason but lets be fair, they had nothing to do with our economy.

I think a better assessment of the government debt is that it allows the citizens/business to capture money without having to borrow money themselves, allowing them to pay the interest on their loans.  The Federal Reserve Banks do not issue any of the money we use, they only control the "reserves", and we do not use reserves for money, and lets remember, the federal reserve is the lender of last resort.  All the money we use is created by private commercial banks (that local bank on your street corner) every time they make loans.  "the actual creation of money ALWAYS involves an extention of credit by private commercial banks".  Russel L. Munk General Counsel U.S. Treasury.

We have to take back our power over government yes, but the banks right now have a monopoly over the creation of 'money' as interest bearing loans we will never have a government that is responsive to the citizens, or as the banking system preferrs to call us "tax-payers" (yuk).

The only way out of this mess is to put money into the system that does not have to be borrowed at interest from the banking system.  This can be done on the state level, one state at a time.  It should be done at a federal level, but the only people with the kind of money needed to lobby their is big business and the banking system.  It can be done at the state level, where we the people can put direct pressure on our local elected government and get laws passed that would break us free from the control of the banking system, or we can watch our country go down in a flaming ball of debt.

 

investorzzo

Sorry Larry, but I must disagree. The government sets the agenda and or the administration. There basically was no oversight during the Bush administration. It was an all out attack on the little guys rights. Basically Bush and his cronies did nothing to stop the wall street bandits from raping the middle class and poor. And congress stood by and did nothing but complain. Now were here and like most of us on this site now know the truth. So does a lot of congress. Lets see what they are willing to do now that the guard has changed. The government continues to growth exponentially and to what end? At a time when government needs to be slashed to the bone, it's not. It's just to easy to let the tax payer foot the bill.

Investorzzo, all one has to do is look through the title of government and you'll find a banker behind pulling the strings almost every time.  Just one look at Obamas administration clearly shows he is controlled by the banking elite(yuk).

It was an all out attack on the little guys rights. Basically Bush and his cronies did nothing to stop the wall street bandits from raping the middle class and poor. And congress stood by and did nothing but complain.

That is because the rich and powerful who own and control our banking system have worked very long and hard to make it absolutly benifit them at the expense of us.  The best tool they have to do this is create all the meduim of exchange as interest bearing debt because once time and interest kick in, the debt grows but the money supply does not, making it impossible to collectively get our of debt from the lender.  Also once you can create as much money as you want it becomes easy to bribe congressmen.  The bankers love to have the people blame their government for all the financial problems when the government doesn't create a single dime or dollar that we have in circulation because this keeps people from looking at the root cause of our collective financial mess, the privately owned and controlled banking system.  A lot of people like to say that the banks can only exsist because of a license through the government but the banking system funded all those laws to be passed for a benifit to the banking system.

The government continues to growth exponentially and to what end? At a time when government needs to be slashed to the bone, it's not. It's just to easy to let the tax payer foot the bill.

The banking system has never encountered a time in this country where the mathematical end to this money system occurs.  The end could be where we the people demand sustainable monetary policy(wealth money) through our state legislators or a complete forcloser on all the property in the USA(debt money).  The choice is ours to make.  If we want to take our country back these tools are available in state action right now.  This debt-money system drives bigger and bigger government because the banking system needs a constant supply of more and larger debt money in the system in order for it to function.  It's clear around the world that this banking system is trying is hardest to develop a better 'investment' than the USA (like china) which is probably why they haven't completely crashed our country yet.  Most of the money we use to pay taxes goes directly towards a private bankers profit.  All the banks did to ensure "their money" is accepted across the nation is to setup a taxing system through the government that you can only pay into with borrowed banker debt money.  Once they were successful in doing that they were able to steal from everybody across the nation all the time, and force people who have no debt to pay interest on the government debt owed to private bankers.  Maybe it's something like this, If you won't borrow the money, we'll have your government do it for you you.

 

The solution to this is to start passing laws at the state of federal level that puts money into circulation for the benifit of the people(wealth money) instead of the benifit of the banking system(debt money).

investorzzo's picture
investorzzo
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Joined: Nov 7 2008
Posts: 1182
Re: Debate on the agenda of government failure to prevent ...

Very well put Thomas. As the bankers type in the numbers on the computer, just like the Fed sets the monetary policy and Treasury prints money out of thin air! Like Larry said, the government should be tried for treason. You can't change the system without getting rid of all the rats. I have tried to wake up as many as possible, but some people just don't want to know. I wonder if many of the Jews in the internment camps just pretended right up until the end, before they released the gassed.

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