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Humoring JOG (Read 44 times)

Paraquat

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Humoring JOG
05/13/14 at 06:17:20

I found a great site that summed it up nicely...
But I lost the link.

Perhaps he can elaborate...

I'll attempt my best to paraphrase off memory:

We were on a gold standard.
We created currency
When you create currency with no backing you create debt.
Then you spend money you don't have to pay back that debt.

The paragraph went on for 8 or so more lines but my memory fails me but it spiraled into mortgages failing.

--Steve

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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: Humoring JOG Reply #1 - 05/13/14 at 06:30:45 The bummer of it is, banks can manipulate the economy even when its gold backed.
Back to top	The people never give up their liberties but under some delusion.- Edmund Burke. IP Logged

shorty Serious Thumper Offline be careful out there gentlemen Posts: 547 southern NM Gender:	Re: Humoring JOG Reply #2 - 05/13/14 at 07:03:34 gold backing is better than what we got... today's US currency is nothing more than an I.O.U. today with bank interest rates less than 1% and people losing confidence in the economy, savings accounts are going into home safes instead of banks. History shows after the last depression banks fought hard to rebuild public confidence.
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Re: Humoring JOG
Reply #3 - 05/13/14 at 18:21:28

The Create From Jekyll Island is a fascinating book if you want to learn about our monetary system, banking, and the Federal Reserve. This is from the monologue:

It is incapable of accomplishing its stated objectives
It is operating against the public interest
It is the supreme instrument of usury
It generates our most unfair tax
It destabilizes the economy
It is an instrument of totalitarianism

This book will answer all your questions and cite real world examples of how the entire system operates. And citing from the name of this thread – “Humoring JOG,” Yes, he is correct.

I don't make the rules, I just know what they are.....

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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: Humoring JOG Reply #4 - 05/14/14 at 07:32:55 Shorty, its much worse than a simple IOU. No one can even begin to grasp the societal damage we have endured because of this debt enslavement, You read that book & youll never see the world thru the same eyes again,,
Back to top	The people never give up their liberties but under some delusion.- Edmund Burke. IP Logged

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