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Visiting Ron Paul's Fed-Free Utopia
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Rumpl4skn



Joined: 11 Feb 2006
Posts: 2950
Location: 36� 3'N x 86�40'W

PostPosted: Tue Jan 19, 2010 12:22 am    Post subject: Reply with quote

And what is this "mediocracy" of which he speaks? Wink

At any rate, I like the term. I think it's our current form of government.
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Fintan
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Joined: 18 Jan 2006
Posts: 7760

PostPosted: Tue Jan 19, 2010 3:23 am    Post subject: Reply with quote

This guy can talk the talk like any politician.

But when it comes to walking the walk he is
lockstep in jackbooted fascism with the elite.

Mr. Ron "Don't Rock the Boat" Paul.

And he talks of Revolution.
Ron Paul Revolution. Again!

Been there. Done that.

Fireworks politics.
Big Bang, lots of shiny sparks in the sky.

Soon fades.

The Ron Paul
Revolution,
it's extinct.

That's evolution.

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They only function when open.
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Rumpl4skn



Joined: 11 Feb 2006
Posts: 2950
Location: 36� 3'N x 86�40'W

PostPosted: Tue Jan 19, 2010 9:39 am    Post subject: Reply with quote

Does anyone else feel, as I sometimes do, that one of the underlying schemes of this kind of "revolution" talk is to actually help provoke a 2nd American Revolution (or at least an attempt at a half-hearted one), but not for the sake of justice and change. For the sake of (a) identifying who the anti-govt trouble-makers are, and (b) showing the frightened masses what can happen when those crazy CT internet politicos follow the advice of people who's 1st amendment blogging rights should be "shut down for the good of the country"? You know, the kind of purge usually required every few centuries in an encroaching police state, to 'maintain order' and justify the removal of more civil liberties. 9/11 on steroids, if you will.

That would also explain why the perps of 9/11 left so many obvious clues. They clearly were not intending to keep this thing under wraps forever.

Foreign powers were decidedly behind the politics of first US Civil War, and they had the cooperation of local entities, so why wouldn't they foment another divisional event, particularly if, this time, global oversight and governance is the prize? As in, "The country's political system is in a shambles, time for the UN to step in and help out this (by then) 3rd world country..."

And that's when I woke up.... Cool
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hawkwind



Joined: 19 Jan 2006
Posts: 729

PostPosted: Wed Jan 20, 2010 4:04 pm    Post subject: Reply with quote

Fintan wrote:
Quote:
The fractional reserve system is what gives the banks the power to
create counterfeit money, and that is the very power that must be
taken away.

The banks can only create money on the basis of fractional reserve rules.
They can't just think of a number, any number and then double it.

It is the Treasury and Fed who determine the money supply - not banks.

But let's accept that a 100% reserve ratio would be a good idea.

If so, how do we get there?

Right now the way things work is that the US Gov/Fed
create say $100 of new money.

Then the banks can create another $900 of fractional money
to gross this up to $1,000 --and loan this out at retail.

If we insist they can't create this fraction, then they would
have only $100 to lend out --the money USGov/Fed created.

That would cut current lending by 900%!!

To fix this problem, the USGov/Fed would have to create
the whole $1,000 itself --and give this to banks to lend.

But the banks would have lost the interest on the fraction
they used to create themselves, and because this is used
to offset their costs, they would have to raise interest rates
on loans and/or charges to compensate.

Like I say, we would have just moved around the figures on
the banks and Fed's balance sheets --for no advantage.

It's was all mythical money anyway!!

Yes the profits of the big monopoly banking groups are often
obscene, but normal retail banking is a competitive business
and the rates of return on capital employed are not
particularly exorbitant.

Regional banking structures need to make a reasonable profit.
Don't throw out the baby with the Wall St bathwater.

On the issue of fractional banking:

Typical banking losses on bad loans are in the order of a couple
of percent and this is well covered with a 10% fractional system.

It was imprudent lending which led to the crash
--not structural problems with fractional lending itself.

Fix this with much tighter loan risk rules and criteria.

I agree that we have been fukd over by certain big
banking instutions, but I don't see petrol-bombing
my local bank as a prudent solution to the problem.

We need viable solutions that do more than just move mythical
money around. We need a viable way to transition from the
current system to a better one. And we need proof it is a
better one before we make any move.


I'm not concerned ... I got me one of these to lean on in case of emergency ...



Are you prepared Question

- Hawk

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Peter



Joined: 26 Jun 2007
Posts: 2383
Location: The Canadian shield

PostPosted: Wed Jan 20, 2010 4:29 pm    Post subject: You can bank on it? Reply with quote

So now that the Treasury has put the taxpayer on the hook for all of Freddie's and Fannie's bad mortgage debts, when the next wave of defaults comes a-crashin', will the small(er) (ish) banks that hold the paper get caught in the squeeze, making them ideal takeover targets of the financial conglomerates?
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Yurik



Joined: 21 Jan 2009
Posts: 78

PostPosted: Fri Jan 22, 2010 2:57 am    Post subject: Reply with quote

what do you make of this?






Quote:
Theres been a coup, have you heard? Its the CIA coup. The CIA runs everything, they run the military. Theyre the ones who are over there lobbing missiles and bombs on countries. And of course the CIA is every bit as secretive as the Federal Reserve. And yet think of the harm they have done since they were established after World War II. They are a government unto themselves. Theyre in businesses, in drug businesses, they take out dictators We need to take out the CIA.
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urbanspaceman



Joined: 02 Sep 2006
Posts: 325
Location: London , UK

PostPosted: Thu Jan 28, 2010 4:37 pm    Post subject: Reply with quote

I have continued the detailed banking discussion over to it's own thread.

Campaign against fractional reserve banking. Legitimate?
http://breakfornews.com/forum/viewtopic.php?p=62250
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