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Reply #7: According to the Constitution the Congress issues money. That was farmed out [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
thereismore Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-20-09 06:24 PM
Response to Reply #2
7. According to the Constitution the Congress issues money. That was farmed out
to a central PRIVATE entity (the Fed Bank). That is the problem. That, and lending with interest. When the Fed issues $100 of money and lends it at 10%, how can $110 come back to it when there is only $100 in circulation? That is why there are crashes, bubbles and depressions. The losses are built into the system. It's sickening really. Money should be printed in a Federal (i.e. gov'mint mint), and lending should be at 0 interest. Funny.
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