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Great article comparing the decline of Roman coins to US coins
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<p>[QUOTE="Howard Ryan, post: 7828714, member: 118722"]You have a point, I agree, it should exist, but only as it is an arm of US inc and with the exception that they get rid of what was suppose to be temp. income tax which apparently, the income tax law, was, as Warburg states, a persuasion from the Swiss Seligman banking family who were not even US citizens at the time. Leave it up to private bankers such as Morgan and Warburg to benefit from the doldrums and boom and bust cycles of their own doing and ruin what could have been a very good system of the US government selling bonds to the FED to create money to fund productive projects or the US simply issuing money without interest in a responsible manner without the need of the FED into productive porjects such as local permaculture or to completely revamp our food system encouraging a more localized, productive, healthy system; as just one small avenue out of thousands. Of course, I'm sure the fast food industry will lobby hard for this not to happen. Nevertheless, it's just one avenue worth looking into. </p><p><br /></p><p>How can the current system of selling bonds to the Fed be a road to ruin if the FED is under the full control of US Inc. and is chartered as a self-funding corporation? It is impossible for an imaginary corporation to owe itself imaginary money via other imaginary sub-franchise corporations, when it can really print all the imaginary credit & currency it ever will require ab initio at will, Descarte. One would not even need to FED to regulate such issuance if responsibly issued into productive avenues. The treasury could do this on their own without even having to go through the FED. The US can never go broke, they can never be in debt to themselves which is why congressmen and women crying about the budget is a bunch of hoopla. Sure, such issuance results in increases in the money supply, but this won't lead to massive inflation if issuance goes towards productive avenues, ie., not to wall-street, multi-national corporations that hold offshore accounts but to the middle class people and even those who are left destitute and have no way of getting off their feet. The problem is congress being too inept and bureaucratic to do anything about it. They'd rather have farmers destroy their produce to raise their prices to save themselves from going under while their neighbors remain poor, probably hungry and unable to buy their produce. It's a never ending cycle and if states would just open up public banks to inject low interest credit into these areas (the banks profit would go back into these communities rather than wall-street) in a responsible manner that would help farmers and sectors of socities that live far from the commerical centers get off their feet.</p><p><br /></p><p>What is capitalism but merely owning the monetary and credit/statutary production from which every corporation exists. I believe Malynes wrote that one. We certainly do not live in a meritocracy. Rich people creating cheap workers is now suddenly "prosperity gospel" for Team America and this is a problem. Not even AOC talks about CAPITAL TAX, no, rather she talks about 65 - 75% marginal tax and as you and I know, well everyone knows, people like Warburg, Morgan, Rockefeller, etc., will just dodge the tax. </p><p><br /></p><p>Yes, we live in an unsustainable make-work economy where the "american dream" equals no god, no real churches, no soul...just money. Always the money, only the money. </p><p><br /></p><p>I mention public banks should issue these injections as it is sort of illegal for a state sub-franchise such as Ohio LLC., to do so; so as to increase basic cred flow to suppressed areas, which will increase spending and automatically create small corps for retail products...</p><p>Farming might come back in style if normal people could afford to do it + local distribution; though big companies are not fond of small distribution from small companies.[/QUOTE]</p><p><br /></p>
[QUOTE="Howard Ryan, post: 7828714, member: 118722"]You have a point, I agree, it should exist, but only as it is an arm of US inc and with the exception that they get rid of what was suppose to be temp. income tax which apparently, the income tax law, was, as Warburg states, a persuasion from the Swiss Seligman banking family who were not even US citizens at the time. Leave it up to private bankers such as Morgan and Warburg to benefit from the doldrums and boom and bust cycles of their own doing and ruin what could have been a very good system of the US government selling bonds to the FED to create money to fund productive projects or the US simply issuing money without interest in a responsible manner without the need of the FED into productive porjects such as local permaculture or to completely revamp our food system encouraging a more localized, productive, healthy system; as just one small avenue out of thousands. Of course, I'm sure the fast food industry will lobby hard for this not to happen. Nevertheless, it's just one avenue worth looking into. How can the current system of selling bonds to the Fed be a road to ruin if the FED is under the full control of US Inc. and is chartered as a self-funding corporation? It is impossible for an imaginary corporation to owe itself imaginary money via other imaginary sub-franchise corporations, when it can really print all the imaginary credit & currency it ever will require ab initio at will, Descarte. One would not even need to FED to regulate such issuance if responsibly issued into productive avenues. The treasury could do this on their own without even having to go through the FED. The US can never go broke, they can never be in debt to themselves which is why congressmen and women crying about the budget is a bunch of hoopla. Sure, such issuance results in increases in the money supply, but this won't lead to massive inflation if issuance goes towards productive avenues, ie., not to wall-street, multi-national corporations that hold offshore accounts but to the middle class people and even those who are left destitute and have no way of getting off their feet. The problem is congress being too inept and bureaucratic to do anything about it. They'd rather have farmers destroy their produce to raise their prices to save themselves from going under while their neighbors remain poor, probably hungry and unable to buy their produce. It's a never ending cycle and if states would just open up public banks to inject low interest credit into these areas (the banks profit would go back into these communities rather than wall-street) in a responsible manner that would help farmers and sectors of socities that live far from the commerical centers get off their feet. What is capitalism but merely owning the monetary and credit/statutary production from which every corporation exists. I believe Malynes wrote that one. We certainly do not live in a meritocracy. Rich people creating cheap workers is now suddenly "prosperity gospel" for Team America and this is a problem. Not even AOC talks about CAPITAL TAX, no, rather she talks about 65 - 75% marginal tax and as you and I know, well everyone knows, people like Warburg, Morgan, Rockefeller, etc., will just dodge the tax. Yes, we live in an unsustainable make-work economy where the "american dream" equals no god, no real churches, no soul...just money. Always the money, only the money. I mention public banks should issue these injections as it is sort of illegal for a state sub-franchise such as Ohio LLC., to do so; so as to increase basic cred flow to suppressed areas, which will increase spending and automatically create small corps for retail products... Farming might come back in style if normal people could afford to do it + local distribution; though big companies are not fond of small distribution from small companies.[/QUOTE]
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Great article comparing the decline of Roman coins to US coins
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