You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #83: What we generally think of when discussing the economy is not the economy, [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-06-08 09:51 PM
Response to Reply #70
83. What we generally think of when discussing the economy is not the economy,
but rather the national currency, trade markets, and the financial industry.

The economy is the production and trade of goods and services, which is independent of the financial industry (banks, insurance, Wall Street, and the like). Currency is simply the convenient medium of exchange so you don't have to build 35% of a house to get a car, or trade a pig for 1000lbs. of apples, etc.

The founders of the nation were, of course, intimately familiar with the European banking cartel and reserved the power "To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures. To provide for the punishment of counterfeiting the securities and current coin of the United States." to the congress in Article 1 section 8 of The Constitution. This is an entire library of discussion and debate on this topic so I'll leave it to you to investigate and make your own decision as to their intent. The fact that Congress never effectively used this power, IMO, in no way mitigates the fact that it was/is within their purview to do so.

My POV stems from the fact that we had just gone to great lengths and risked more than most people can imagine to escape domination by the European powers. These men (and women, although far too few played a direct role in the creation of this new nation) were smart and thoroughly understood the implications of controlling the money supply, and specifically reserved that power to the people's representatives, thus excluding the European banking system and their owners.

Mayer Amschel Rothschild flatly stated, "Give me control of a nation's money and I care not who makes her laws."

James Madison said, "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance."

Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

The point is that the coup of 2000 was only the latest in a long campaign of usurpations conducted by the ruling class against The American People. Almost no one you meet understands how our economy really works. If they think of it at all, they most commonly believe that it is something similar to the model espoused by Jimmy Stewart's pleading with the citizens of Bedford Falls not to withdraw their money from his S&L (It's a Wonderful Life). I personally believe that we are purposely kept ignorant of financial matters because if it became common knowledge people would, as Henry suggested, rebel against this blatantly corrupt Ponzi scheme.

So, we (Congress) have the power and existing option to abolish The Federal Reserve (which is neither, BTW) and establish a new, interest free, currency any time we wish to. Of course, there would (currently) be huge, global, consequences to doing this and it is absolutely the worst nightmare of the People That Matter, as their "fortunes" and power base are inextricably tied to the fractional reserve central banking system, and they would largely disappear.

This barely scratches the surface of this topic, but I would like to know what you think.
:kick:



Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC