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=> Re: paper money...itīs just bartering anyway...

Re: paper money...itīs just bartering anyway...
Posted by atheist (Guest) - Tuesday, August 17 2010, 15:57:13 (UTC)
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...the People may well fuck up...but at least we can GET at them through the ballot whereas we have no control whatsover over the Federal Reserve and other private banks..the chairman of the Fed is appointed for life...he is under no obligation to answer ANY questions....

Imagine right now, in America, with things going from bad to worse if the government was to begin printing paper money....what would be the end result?

For one thing we would avoid having to borrow any more from the banks and Chinese, hence no interest payments and no increase in the national debt to banks and other lenders...the money printed by the government would then be used for salaries for teachers and all the workers who could immediately start on infrastructure and a host of other societal needs, including the environment, that we all desperately need and that no bank or capitalist sees any need for expending his own money on....people would have salaries in their pockets, rent and mortgage would be paid...farmers and others who are seeing a drop in revenue, as well as retailers and manufacturers would see their profits increase hence more jobs....this is sort of what Obama wants to and Roosevelt did: employ people with federal dollars, but their mistake is borrowing yet more money from the same banks that got us here and thereby increasing the debt and giving the Republicans something to howl over....



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