Thursday, September 8, 2011
"If all the bank loans were paid, NO ONE could have a bank deposit, and there would NOT be a DOLLAR of COIN or [FIAT]CURRENCY in circulation. THIS IS A STAGGERING THOUGHT! We are COMPLETELY DEPENDENT on the Commercial Banks. SOMEONE HAS to BORROW EVERY [PAPER] DOLLAR WE HAVE IN CIRCULATION, CASH or CREDIT. If the Banks create ample SYNTHETIC MONEY we are PROSPEROUS; if not, WE STARVE." --Robert Hemphill
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I made sure to insert the words 'fiat' and, 'paper' because, there is another form of the dollar still in use today in PRIVATE commerce and, it is not attached to the liability funds commonly called the dollar today. These 'dollars' are NEVER BORROWED INTO EXISTENCE. They also are not subject to the rampant Devaluation/Inflation that the paper dollar is currently experiencing. In fact, while the paper dollar has been steadily losing value this form of tangible wealth also called the dollar has been doing just the opposite. That 'dollar' comes in a form used since the old testament(at least). These dollars come in the form of either minted coin, round or, bar and, are valued according to the strict weight of the precious metals from which they are made. If you have any questions on how to obtain REAL LAWFUL MONEY without any markup/commission fees get at me. I got you.
ReplyDeleteI heard that one of the touted ideas being pushed around by the mainstream media and, by certain members of Congress during this last Congressional borrowing spree a month or so ago, was that; "We as a nation should formulate a plan to pay off the national debt."
ReplyDeleteUh, under this current monetary system that is utter HOGWASH because if we paid off all the outstanding debts both individually and, as a nation then THERE WOULD BE NO DAMN MONEY IN CIRCULATION FOR ANYBODY TO SPEND, POCKET OR STASH AWAY! DON'T BELIEVE THE HYPE THAT THEY WILL EVER TRY BECAUSE BELIEVE ME, EVEN THOUGH THE MASS MAJORITY OF THEIR CONSTITUENTS DON'T UNDERSTAND THIS TANTALIZING FACT...THEY DO!!!
The more debt outstanding we have on the books, the more Federal Reserve Notes we will have in circulation. This is great for the private central bankers because the more bankNOTES in circulation, the bigger the interest payment they will receive. Their plan is not to generate more revenue by way of THEIR OWN arbitrary currency but, to break us completely by fooling us into destroying each other and/or SIGN OUR LIVES AWAY to obtain a little of what it takes to realize the 'American Dream'!
I'm a citizen, first and foremost, of the Republic form of government which STILL exists here and, I here the money market talks about fiat currency exchange rates between the countries. Its all SMALL CHANGE compared to the currency exchange rate between the two functioning governments that exist right under your nose as an American citizen. The difference between the two dollars is currently OVER $1(LAWFUL MONEY) to $42(LEGAL TENDER)...SMDH!!!
ReplyDeleteThe use of lawful money here has been expressly forbidden to be used in PUBLIC COMMERCE BY EXECUTIVE ORDER(6102) since April 1933! I think that it is time that we began to use again lawful money in public commerce because our reliance on the system of fiat currency has drained all resources down to only flesh and blood.
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