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{b.s.e.}
savant garde

Registered: Oct 2001
Location: The Source
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| quote: | Originally posted by pkcRAISTLIN
i should hope so!
your entire 'alternative' opinions wage a holy war against accepted scientific and historical fact. |

Talk about defying physical laws? Heh, which one would fall to the earth first, if you dropped them at the same time?
And really, do I need a course in Economics? I think it suffices to say that the Federal Reserve is a scam, and should be addressed directly. Regardless of how its system has propped itself up throughout the world.
Naturally, Australia wouldn't have half the population if England didn't send counterfeiters of the Bank's Notes to the Island as a lifelong punishment. :P
The Fed banking system collects billions of dollars in interest annually and distributes the profits to its shareholders. The Congress illegally gave the Fed the right to print money (through the Treasury) at no interest to the Fed. The Fed creates money from nothing, and loans it back to American citizens through banks, and charges interest on their currency. How close am I?
Like, above and beyond that. Two Rothschild banks are listed as partial owners of the Federal Reserve.
Who said, "Give me control of a nation's money and I care not who makes her laws"?
Later. "Histrionics" out. LOL.
edit_
Let's talk about ignoring historic fact. We're talking about the same government that planned Project Northwoods, and lied about the Gulf of Tonkin.
Last edited by {b.s.e.} on Oct-05-2008 at 06:59
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Oct-05-2008 06:45
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Krypton
83.798 g/6.022x10^23

Registered: Nov 2003
Location: Texas
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| quote: | Originally posted by {b.s.e.}
The Fed banking system collects billions of dollars in interest annually and distributes the profits to its shareholders. The Congress illegally gave the Fed the right to print money (through the Treasury) at no interest to the Fed. The Fed creates money from nothing, and loans it back to American citizens through banks, and charges interest on their currency. How close am I? |
You're not close at all, in fact, you're in a galaxy far far away...
The Federal Reserve charges interest on the currency we use: Federal Reserve Notes, the currency we use in the United States, are evidence of the debt of the U.S. government to the Federal Reserve. The central bank charges the government interest for this currency, thereby diverting billions of dollars from the Treasury that could be used for other things. The government could print its own money and avoid the Fed's interest.
The Facts: The Federal Reserve rebates its net earnings to the Treasury every year. Consequently, the interest the Treasury pays to the Fed is returned, so the money borrowed from the Fed has no net interest obligation for the Treasury. The government could print its own currency independent of the Fed, but there would be no effective safeguards against abuse of this power for political gain.
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The Federal Reserve Act and paper money are unconstitutional: The constitution does not specifically grant Congress the power to create a central bank, therefore it cannot legally do so. The constitution also forbids paper money and requires all money to be either gold or silver coin. Therefore, both the Federal Reserve and its paper money currency are unconstitutional.
The Facts: A central bank is a reasonable use of the constitution's 'necessary and proper' clause, according to many federal court and Supreme Court rulings. Although the constitution forbids States from making anything but gold or silver a legal tender, it places no such restriction on Congress.
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Oct-05-2008 07:19
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Audious
Supreme tranceaddict

Registered: Mar 2006
Location:
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Oct-05-2008 07:41
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pkcRAISTLIN
arbiter's chief minion

Registered: Jul 2002
Location:
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fucking hell. its the same stuff, over and over. to quote maddox 'its like being bukkaked with stupid'.
| quote: | Originally posted by {b.s.e.}
really, do I need a course in Economics? |
no, not necessarily. but it would help you understand how it worked and you wouldn't be posting lies and distortions as you do below. you're understanding is just way WAY off base because you dont balance your sources enough.
| quote: | Originally posted by {b.s.e.}
I think it suffices to say that the Federal Reserve is a scam, and should be addressed directly. Regardless of how its system has propped itself up throughout the world. |
its not a scam.
| quote: | Originally posted by {b.s.e.}
The Fed banking system collects billions of dollars in interest annually and distributes the profits to its shareholders. |
wrong.
| quote: | Originally posted by {b.s.e.}
The Congress illegally gave the Fed the right to print money (through the Treasury) at no interest to the Fed. |
wrong.
| quote: | Originally posted by {b.s.e.}
The Fed creates money from nothing, and loans it back to American citizens through banks, and charges interest on their currency. How close am I? |
wrong.
| quote: | Originally posted by {b.s.e.}
Like, above and beyond that. Two Rothschild banks are listed as partial owners of the Federal Reserve. |
even if that is true, so what?
if you want to learn how the fed actually works, here's a thread with all the basic info
so, you can either keep making fallacious statements or try and learn something. its your choice.
| quote: | Originally posted by {b.s.e.}
Let's talk about ignoring historic fact. We're talking about the same government that planned Project Northwoods, and lied about the Gulf of Tonkin. |
10 characteristics of conspiracy theorists
A useful guide by Donna Ferentes
9. Using previous conspiracies as evidence to support their claims. This argument invokes scandals like the Birmingham Six, the Bologna station bombings, the Zinoviev letter and so on in order to try and demonstrate that their conspiracy theory should be accorded some weight (because it's “happened before”.) They do not pause to reflect that the conspiracies they are touting are almost always far more unlikely and complicated than the real-life conspiracies with which they make comparison, or that the fact that something might potentially happen does not, in and of itself, make it anything other than extremely unlikely.
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Oct-05-2008 08:36
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elFreak
Blood Diamonds and Salsa

Registered: Feb 2008
Location: With Juan Pachanga Eating Tacos. Ah Ha Si Mi Gusta.
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Oct-06-2008 16:20
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