Musings on economics and politics, with a special interest in free banking and monetary disequilibrium. Somehow the conversation turned to privatization of currency.
In doing so, what would be the primary obstacle to overcome in implementing such a policy? Thomas Jefferson was adamantly opposed to the idea of a privately owned federal bank and said " I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies".
Thomas Jefferson also stated, "The central bank is an institution of the most deadly hostility existing against the principles and form of our constitution. I am an enemy to all banks, discounting bills or notes for anything but coin. If the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.
The first two lasted about 20 years each and the last one has lasted now for almost years. This Act transferred control of the money supply of the United States from Congress as defined in the U.
Constitution to the private banking elite. The Federal Reserve is a private cartel of bankers that has 12 branch banks. Rothschild's of London and Berlin 2.
Lazard Brothers of Paris 3. Israel Moses Seaf of Italy 4. Lehman Brothers of New York 7. Goldman, Sachs of New York 8. Foreigners, almost entirely Jewish, control the United States Money supply.
They literally own exclusive rights to the dollar and simply enter dollars into their banks books to make money which they then lend back to us at a profit.
For them money does not grow on trees, it is simply a data entry into their account. The owners of this bank have been responsible for instigating all the major wars and depressions in the last years. There have been assassination attempts on every President who attempted to eliminate these private National Banks.
Some credit these Banksters with the demise of JFK. The privately held Federal Reserve Bank has not once been audited and never pays any income tax on their astonishing income.
The Sixteenth Amendment was also pushed through the same year, which gives Congress the power to collect taxes based on income, without regard to the States or the Census. The Federal Reserve System wherein every dollar created is an instrument of debt requires the collection of large sums of money from the people to pay off the interest.
How is money actually created? Not so the interest however. The interest gets compounded and is income to the Federal Reserve Banksters and it becomes a national debt if the borrower is the United States Government. What is the primary obstacle in overcoming implementing this policy?
It is the Blue Bloods who now own the keys to the bank vaults of our economic system. Now the true question is are we on the road to a more equitable planetary system of economic exchange? To achieve Peace on Earth, would it not actually mean integrating our complex monetary system into an international ONE-currency exchange system privatizing all currencies.
Thereby, eliminating the influence of ALL state oversight and allowing for the market itself to check and balance itself. The idea is not all that radical. It started out that way. Can it come full circle, As it was in the beginning…If governments had let money alone it would have developed just like other goods did.
It has been power and greed the shadow aspects of leadership which motivated societal leaders to shape our destiny. Only when Enlightenment, the higher ethics and ideals of concern and service to Self as knowing no separation between I and ANY another shall the citizens of this planet know Freedom and responsibility for ourselves and our Brothers and Sisters.
We have moved to a global communication network and an interdependent commercial system. The one knowing that concerned many leaders during this most recent downturn in the market was how one change rippled throughout the system.Jan 26, · Privatizing urbanagricultureinitiative.com one TRUE Global Commodity Would it be possible to privatize the money supply in the United States completely?
In doing so, what would be the primary obstacle to overcome in implementing such a policy? Aug 23, · Government cannot specifically control the money supply at its source in a fractional reserve system, but only react to conditions caused by the decisions of individual banks to supply or not.
Philosophy Lovers! Click Here. A Privatised Money Supply. Modern Banking and the Fractional Reserve System [Figures and illustrations were current when written in ]. Mar 04, · 1.
Is it possible to completely privatize money supply? What do you think will be the most important fallout of implementing a policy to this effect?
Rationalize your answer. 2. The European Union has created the European Central Bank (ECB). Unlike the Federal Reserve, the ECB is not a lender of 5/5. Would it be possible to privatize the money supply in the United States completely?
In doing so, what would be the primary obstacle to overcome in implementing such a policy?In your answer, discuss both the benefits and the detriments involved with such implementation and justify your conclusions.
Would it be possible to privatize the money supply in the United States completely? In doing so, what would be the primary obstacle to overcome in implementing such a policy? Law enforcement, education, health care, water management, government itself -- all have been or are being privatized.
Therefore, privatization is possible, however, it %(35).