The History of American Banking

[ebacon]

Here is an interesting article on the history of American banking. It has a lot of quotes from the Founding Fathers so Pete should like it.

http://www.washingtonsblog.com/2013/...g-america.html

[BlueStreak]

"The ability for America and the 50 states to create its own credit has largely been lost to private bankers. The lion’s share of new credit creation is done by private banks, so – instead of being able to itself create money without owing interest – the government owes unfathomable trillions in interest to private banks."

"America may have won the Revolutionary War, but it has since lost one of the main things it fought for: the freedom to create its own credit instead of having to beg for credit from private banks at a usurious cost."

And, yet the answer to some is further privatization. In fact, they want to get as close to absolute privatization as possible. Just turn over total control of the nation to unelected oligarchs and don't worry about a thing....We'll be just fine.

Hoo, BOY.

Dave

[piece-itpete]

You want hte gold standard? Printing money 24/7 is one of the key points to this article.

I see Obama kept Bush's finance guys...

Pete

[ebacon]

People need to visit Europe to see what pure capitalism looked like. A perfect example is a tour of the Main River west of Frankfurt. The river is lined with castles. In the old days the king of each fiefdom hung a chain across the river. Ships had to pay money to each king to get through. One can imagine what a giant PITA that was and how arbitrary the decision making was. If a king had it out for you then your ship didn't get through at all.

The American colonies were like that, too. That's the reason we have the interstate commerce clause in the constitution. Its original purpose was to prevent states from blocking or unduly taxing goods that passed through it.

http://www.panoramio.com/photo_explo...c&user=5392678

[ebacon]

Interesting. According to wiki, Putin is a fan of martial arts. The Soviet economy also has been improving since 1999 when we changed our banking laws.

We're are about 2/3 of the way to becoming communists. That is the most rational explanation I can think of for all the stars to align. All the planners are waiting for is our Red October.

Does anyone else have an alternative explanation? The only other alternative I can think of is that the career politicians are letting the businessmen try their hand at arriving at world peace. The old politicians know the risk and that is why they agreed to universal wiretaps -- basically to keep a finger in the wind sensing for an imminent Red October scenario and shut it down before it gains momemtum. In the meantime the businessmen are fighting back by trying to hire inexperienced politicians with malleable brains.

I dunno. But things are getting wierd with the reports of white supremacy groups coming back and they allegedly being behind the recent sheriff and prosecutor killings. In Germany I have also noticed a resurgance of swastika grafitti.

There is a wind developing, no doubt about that. It is intentional, no doubt about that either. But who are the good guys? Hmmm.

[merrylander]

Try this;

http://www.commondreams.org/view/2011/08/25-9

and this;

http://www.prwatch.org/news/2011/08/...nate-democracy