tag:blogger.com,1999:blog-53246864840716464.post2398018414573684347..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Top Economists Say We Must Break Up the Insolvent Banks (Government Says Let's Make Them Bigger)Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-53246864840716464.post-65735400542235637182009-09-12T12:27:02.195-07:002009-09-12T12:27:02.195-07:00Great documentation, G; thank you.
Not only does ...Great documentation, G; thank you.<br /><br />Not only does the structure need to be broken, but the design that allowed them: the Federal Reserve Act and fractional reserve banking. The problem is government surrendering the power of creating money directly to pay for public goods and services to the banksters, and then we have to borrow OUR OWN MONEY from them AT INTEREST when we could have created it directly WITHOUT DEBT. <br /><br />But hey, the interest bill is only $500 billion every year and every state but two are insolvent. It's not too bad being a debt peon. <br /><br />Oh, look at the time! Gotta go to my second job to help pay my second mortgage. But gee, I'm sure paying more interest than the house is worth is fair. The banks wouldn't love profit more than us, would they?Carl Hermanhttp://www.examiner.com/x-18425-LA-County-Nonpartisan-Examinernoreply@blogger.com