cthav said:

No. Private banking companies print the money (of which there is no gold reserve to balance out the system), and loan it to the government.

The banking system is one of the largest problems in our country and in the world, and people are rarely ever talking about it, and the people who stand out against it tend to get killed very quickly.

I highly recomend reading the writings of Joseph Hasslberger and Silvo Gesell.
http://www.hasslberger.com/economy/eco.htm

To add to this this link, "The Evil Empire:Globalization's Dark Side" by Paul Hellyer also covers this material dealing with the banking system.

Stiles

Oakland, CA

November 2002

NOV 19, 2004 05:45 AM

cthav said:

No. Private banking companies print the money (of which there is no gold reserve to balance out the system), and loan it to the government.

The functions of the Fed.

From the site linked above:

Coin and paper currency produced by the U.S. Treasury's Bureau of the Mint and Bureau of Engraving and Printing is distributed to financial institutions by the Fed as part of its role as the government's bank.

[Edited on Nov 19, 2004 by Stiles]

Mike11

Titusville, FL

OLD SKOOL

NOV 19, 2004 06:29 AM

Arete said:
not investing it slows the economy.
i think....

and that helps, doesnt it...

Arete

SUICIDEGIRL

I'm lost

NOV 19, 2004 08:44 AM

Mike said:

Arete said:
not investing it slows the economy.
i think....

and that helps, doesnt it...

i think what this thread is getting at is that the last thing bush would want is for the economy to suffer, so in theory he would pull troops out of iraq to prevent that from happening. whether this plan would actually work is another story. but someone asked how withdrawling money from the bank is going to do anything, so i answered them, above. however, i agree with Stiles, millions of people would have to withdrawl millions of dollars before you would even see a dent in the economy, and it is debatable as to whether that would help anything.

see you all in canada....

edited cos its early friday morning and the price is right is distracting me

[Edited on Nov 19, 2004 by Arete]

Samebeat

USA

September 2003

NOV 19, 2004 09:06 AM

Yes, but we had a balanced budget then Tony1970. Something the Rethugs try to hard to forget, but can't seem to shake. Today's GOP doesn't care about that kind of thing though because they could care less about their children and others further down the line shouldering their debt. Why? Because they only care about themselves -- and it's why I hate them with every ounce of my being.

lostarchitect

Brooklyn, NY

January 2004

NOV 19, 2004 03:07 PM

cute idea.

...so who got stoned and thought this one up?

GinaCherry

Seattle, WA

September 2003

NOV 24, 2004 12:33 PM

No need to do anything this complicated, just read this- it is already gonna go to hell

http://www.atimes.com/atimes/Global_Economy/FK25Dj03.html

PointBlank

New York, NY

November 2004

NOV 24, 2004 01:12 PM

*tries to post*

*fails, due to crumbling economy*

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Victoria, BC

November 2003

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November 2002

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Titusville, FL

OLD SKOOL

NOV 19, 2004 06:29 AM

SUICIDEGIRL

I'm lost

NOV 19, 2004 08:44 AM

USA

September 2003

NOV 19, 2004 09:06 AM

Brooklyn, NY

January 2004

NOV 19, 2004 03:07 PM

Seattle, WA

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New York, NY

November 2004

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