tag:blogger.com,1999:blog-53246864840716464.post5187246138938703347..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: We Have Forgotten What the Ancient Sumerians and Babylonians, the Early Jews and Christians, the Founding Fathers and Even Napoleon Bonaparte Knew About MoneyUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-53246864840716464.post-65417067867884141092011-07-20T10:09:57.142-07:002011-07-20T10:09:57.142-07:00Excellent pieceExcellent pieceUNO Studenthttps://www.blogger.com/profile/09637947106654437595noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-84075376536301996112011-07-19T21:07:53.509-07:002011-07-19T21:07:53.509-07:00Great article here, very useful information.Great article here, very useful information.The Realist Reporthttps://www.blogger.com/profile/17331636747072636125noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-57147276184043978332011-07-17T22:17:34.640-07:002011-07-17T22:17:34.640-07:00Another quote: Mervyn King, current governor of th...Another quote: Mervyn King, current governor of the Bank of England, said, “Of all the many ways of organising banking, the worst is the one we have today”. <br /><br />Groups campaigning for monetary reform in the UK are:<br /><br />http://www.positivemoney.org.uk/wp-content/uploads/2010/11/NEF-Southampton-Positive-Money-ICB-Submission.pdf<br /><br />http://www.positivemoney.org.uk/<br /><br />http://www.neweconomics.org/<br /><br />http://www.moneyreformparty.org.uk/Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-21302159639355073122011-07-17T13:07:50.484-07:002011-07-17T13:07:50.484-07:00Thanks for the excellent article.
Here is my take ...Thanks for the excellent article.<br />Here is my take for Monetary Relief.<br /><br />Nearly all money in our economy is CREATED by “borrowing” it from the private banking system to be repaid with interest. And as the debt is repaid, both principal and interest, the principal disappears. The money necessary to pay the interest must be CREATED by another “loan” from the private banking system.<br /><br />Because of interest, there is ALWAYS more debt than money. Because of compounding interest in creating money, our debts MUST grow exponentially. This is the major cause of inflation. $1 today was worth about 4¢ in 1913 when the Federal Reserve was created by a skeleton Congress during Christmas recess. <br /><br />As long as we borrow money from anyone, we must be servant to the lender. In the same way, as long as our government borrows from anyone, we can NOT have a sovereign nation.<br /><br />If the government issued its own Debt Free Money, we could pay off all our debts and renew our National Sovereignty.<br /><br />Admittedly, special care must be taken to control its quantity.<br /> <br />But what is harder to do, paying a debt that can never be paid, or controlling the quantity of money in circulation?<br /><br />Expecting strong resistance from the powers that be, a more feasible interim goal in bringing monetary reform is the promotion of State owned Main Street Partnership Banks which would make money more readily available for local investments as well as relief in state taxes. North Dakota has had a state bank since 1919 and may be the only state in the union which has had a budget surplus for the past several years.<br /><br />www.billstill.com No More National Debt<br />www.swarmusa.com<br />www.webofdebt.com<br />www.publicbankinginstitute.org<br />Eye opening books by John Perkins: <br /> . Confessions of an Economic Hit Man<br /> . The Secret History of the American Empire<br /> . google economic hitmen 2 min youtubedrdolittlehttps://www.blogger.com/profile/13637699418033574736noreply@blogger.com