Remember that it's your tax dollars in Iraq
____________________________________________________________________
The battlefield is not in Iraq.
It's inside the US Treasury.
When America goes bankrupt, America will have lost the war in Iraq.
Read the FINANCIAL history on the collapse of the Roman Empire.
____________________________________________________________________
.
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| User: "Jerry Okamura" |
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| Title: Re: Remember that it's your tax dollars in Iraq |
02 Oct 2003 01:11:34 PM |
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I recall when I took my money and banking course many many years ago, the
professor pointed out that the national debt could be removed in an instant.
That can be done if the Federal Reserve Bank, who issues this paper buys
back all of the paper they issued. Of course the consequences may be worse
than the solution, but the debt can be eliminated in the blink of an
eyelash.
<grub@internet.charitydays.co.uk> wrote in message
news:cgkonvoj7lnf46mqa0t9qk2sdpp5m99q2f@4ax.com...
Remember that it's your tax dollars in Iraq
____________________________________________________________________
The battlefield is not in Iraq.
It's inside the US Treasury.
When America goes bankrupt, America will have lost the war in Iraq.
Read the FINANCIAL history on the collapse of the Roman Empire.
____________________________________________________________________
.
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| User: "Mage" |
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| Title: Re: Remember that it's your tax dollars in Iraq |
03 Oct 2003 12:28:28 AM |
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"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:qTZeb.24587$T46.4633@twister.socal.rr.com...
I recall when I took my money and banking course many many years ago, the
professor pointed out that the national debt could be removed in an
instant.
That can be done if the Federal Reserve Bank, who issues this paper buys
back all of the paper they issued. Of course the consequences may be
worse
than the solution, but the debt can be eliminated in the blink of an
eyelash.
The only way they can do that, is buy issuing more money, which must be
'lent' to the gov't at whatever interest rate they do it at.
U will still owe the money to the bank....
<grub@internet.charitydays.co.uk> wrote in message
news:cgkonvoj7lnf46mqa0t9qk2sdpp5m99q2f@4ax.com...
Remember that it's your tax dollars in Iraq
____________________________________________________________________
The battlefield is not in Iraq.
It's inside the US Treasury.
When America goes bankrupt, America will have lost the war in Iraq.
Read the FINANCIAL history on the collapse of the Roman Empire.
____________________________________________________________________
.
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| User: "Jerry Okamura" |
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| Title: Re: Remember that it's your tax dollars in Iraq |
03 Oct 2003 09:19:46 AM |
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"Mage" <mage@mage.com> wrote in message news:0O7fb.8092$pl3.5181@pd7tw3no...
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:qTZeb.24587$T46.4633@twister.socal.rr.com...
I recall when I took my money and banking course many many years ago,
the
professor pointed out that the national debt could be removed in an
instant.
That can be done if the Federal Reserve Bank, who issues this paper buys
back all of the paper they issued. Of course the consequences may be
worse
than the solution, but the debt can be eliminated in the blink of an
eyelash.
The only way they can do that, is buy issuing more money, which must be
'lent' to the gov't at whatever interest rate they do it at.
U will still owe the money to the bank....
I think you need to learn more about how the Federal Reserve Banking System
works and how "money" is created. Contact the Federal Reserve Bank(s), they
will be more than happy to send you a free copy.
.
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| User: "Mage" |
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| Title: Federal Reserve Bank _Lends_ money to the USA gov't(ie all citizens) |
03 Oct 2003 02:14:36 PM |
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"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:6Affb.22721$Ak3.21841@twister.socal.rr.com...
"Mage" <mage@mage.com> wrote in message
news:0O7fb.8092$pl3.5181@pd7tw3no...
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:qTZeb.24587$T46.4633@twister.socal.rr.com...
I recall when I took my money and banking course many many years ago,
the
professor pointed out that the national debt could be removed in an
instant.
That can be done if the Federal Reserve Bank, who issues this paper
buys
back all of the paper they issued. Of course the consequences may be
worse
than the solution, but the debt can be eliminated in the blink of an
eyelash.
The only way they can do that, is buy issuing more money, which must be
'lent' to the gov't at whatever interest rate they do it at.
U will still owe the money to the bank....
I think you need to learn more about how the Federal Reserve Banking
System
works and how "money" is created. Contact the Federal Reserve Bank(s),
they
will be more than happy to send you a free copy.
I am versed enough to know that when the FRB creates money, it then LENDS it
to the USA gov't...
Also that it is a _Privately_ held institution..
Perhaps you should read through it?
.
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| User: "Jerry Okamura" |
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| Title: Re: Federal Reserve Bank _Lends_ money to the USA gov't(ie all citizens) |
03 Oct 2003 08:03:04 PM |
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"Mage" <mage@mage.com> wrote in message
news:wUjfb.11303$pl3.10755@pd7tw3no...
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:6Affb.22721$Ak3.21841@twister.socal.rr.com...
"Mage" <mage@mage.com> wrote in message
news:0O7fb.8092$pl3.5181@pd7tw3no...
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:qTZeb.24587$T46.4633@twister.socal.rr.com...
I recall when I took my money and banking course many many years
ago,
the
professor pointed out that the national debt could be removed in an
instant.
That can be done if the Federal Reserve Bank, who issues this paper
buys
back all of the paper they issued. Of course the consequences may
be
worse
than the solution, but the debt can be eliminated in the blink of an
eyelash.
The only way they can do that, is buy issuing more money, which must
be
'lent' to the gov't at whatever interest rate they do it at.
U will still owe the money to the bank....
I think you need to learn more about how the Federal Reserve Banking
System
works and how "money" is created. Contact the Federal Reserve Bank(s),
they
will be more than happy to send you a free copy.
I am versed enough to know that when the FRB creates money, it then LENDS
it
to the USA gov't...
Wrong!!!
.
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| User: "Mage" |
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| Title: Re: Federal Reserve Bank _Lends_ money to the USA gov't(ie all citizens) |
10 Oct 2003 02:26:16 PM |
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|
I recall when I took my money and banking course many many years
ago,
the
professor pointed out that the national debt could be removed in
an
instant.
That can be done if the Federal Reserve Bank, who issues this
paper
buys
back all of the paper they issued. Of course the consequences may
be
worse
than the solution, but the debt can be eliminated in the blink of
an
eyelash.
The only way they can do that, is buy issuing more money, which must
be
'lent' to the gov't at whatever interest rate they do it at.
U will still owe the money to the bank....
I think you need to learn more about how the Federal Reserve Banking
System
works and how "money" is created. Contact the Federal Reserve
Bank(s),
they
will be more than happy to send you a free copy.
I am versed enough to know that when the FRB creates money, it then
LENDS
it
to the USA gov't...
Wrong!!!
Here you go bobo:
http://www.save-a-patriot.org/files/view/whofed.html
.
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| User: "Warren Stupidity" |
|
| Title: Re: Federal Reserve Bank _Lends_ money to the USA gov't(ie all citizens) |
05 Oct 2003 06:39:45 AM |
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On Sat, 04 Oct 2003 01:03:04 GMT, "Jerry Okamura"
<okamuraj005@hawaii.rr.com> wrote:
"Mage" <mage@mage.com> wrote in message
news:wUjfb.11303$pl3.10755@pd7tw3no...
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:6Affb.22721$Ak3.21841@twister.socal.rr.com...
"Mage" <mage@mage.com> wrote in message
news:0O7fb.8092$pl3.5181@pd7tw3no...
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:qTZeb.24587$T46.4633@twister.socal.rr.com...
I recall when I took my money and banking course many many years
ago,
the
professor pointed out that the national debt could be removed in an
instant.
That can be done if the Federal Reserve Bank, who issues this paper
buys
back all of the paper they issued. Of course the consequences may
be
worse
than the solution, but the debt can be eliminated in the blink of an
eyelash.
The only way they can do that, is buy issuing more money, which must
be
'lent' to the gov't at whatever interest rate they do it at.
U will still owe the money to the bank....
I think you need to learn more about how the Federal Reserve Banking
System
works and how "money" is created. Contact the Federal Reserve Bank(s),
they
will be more than happy to send you a free copy.
I am versed enough to know that when the FRB creates money, it then LENDS
it
to the USA gov't...
Wrong!!!
Well Jerry maybe you ought to explain to us exactly how the fed can
eliminate the national debt overnight without ridiculous measures such
as paying it off with an equivalent amount of new debt or inflating
the currency to an extraordinary extent. Perhaps the fed and the gov
will, acting in cahoots with each other, simply cancel the debt,
defaulting on trillions of dollars worth of bonds? Is that your
suggestion? Please educate us as we are all mystified.
==
Mark Roddy
"Further, the process of transformation,
even if it brings revolutionary change, is
likely to be a long one, absent some
catastrophic and catalyzing event like a
new Pearl Harbor."
-- Project for a New American Century,
-- the neocon cabal's blueprint for world empire.
http://www.newamericancentury.org
.
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| User: "Jerry Okamura" |
|
| Title: Re: Federal Reserve Bank _Lends_ money to the USA gov't(ie all citizens) |
05 Oct 2003 12:36:07 PM |
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"Warren Stupidity" <weaselMark@nospam.com> wrote in message
news:jf00ov02pfnpf6v7ic2s4flol9ccd0okau@4ax.com...
On Sat, 04 Oct 2003 01:03:04 GMT, "Jerry Okamura"
<okamuraj005@hawaii.rr.com> wrote:
"Mage" <mage@mage.com> wrote in message
news:wUjfb.11303$pl3.10755@pd7tw3no...
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:6Affb.22721$Ak3.21841@twister.socal.rr.com...
"Mage" <mage@mage.com> wrote in message
news:0O7fb.8092$pl3.5181@pd7tw3no...
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:qTZeb.24587$T46.4633@twister.socal.rr.com...
I recall when I took my money and banking course many many years
ago,
the
professor pointed out that the national debt could be removed in
an
instant.
That can be done if the Federal Reserve Bank, who issues this
paper
buys
back all of the paper they issued. Of course the consequences
may
be
worse
than the solution, but the debt can be eliminated in the blink of
an
eyelash.
The only way they can do that, is buy issuing more money, which
must
be
'lent' to the gov't at whatever interest rate they do it at.
U will still owe the money to the bank....
I think you need to learn more about how the Federal Reserve Banking
System
works and how "money" is created. Contact the Federal Reserve
Bank(s),
they
will be more than happy to send you a free copy.
I am versed enough to know that when the FRB creates money, it then
LENDS
it
to the USA gov't...
Wrong!!!
Well Jerry maybe you ought to explain to us exactly how the fed can
eliminate the national debt overnight without ridiculous measures such
as paying it off with an equivalent amount of new debt or inflating
the currency to an extraordinary extent. Perhaps the fed and the gov
will, acting in cahoots with each other, simply cancel the debt,
defaulting on trillions of dollars worth of bonds? Is that your
suggestion? Please educate us as we are all mystified.
I did. Read what I said.
.
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| User: "Woodswun" |
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| Title: Re: Remember that it's your tax dollars in Iraq |
02 Oct 2003 04:41:50 PM |
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In article <cgkonvoj7lnf46mqa0t9qk2sdpp5m99q2f@4ax.com>, wrote:
Remember that it's your tax dollars in Iraq
____________________________________________________________________
The battlefield is not in Iraq.
It's inside the US Treasury.
When America goes bankrupt, America will have lost the war in Iraq.
Read the FINANCIAL history on the collapse of the Roman Empire.
America won't go bankrupt, they'll just up the age at which GenXs and GenYs
can collect Social Security while reducing their maximum benefits.
Woods
.
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