FREEDOM FORUM: Discussion

Make a Comment

Comments in Response


Comment by Anonymously Yours
Entered on:

Having the body politic control banking is just what we did when we created the Federal Reserve Act and the many regulatory entities it empowered. Giving Monopoly power to any entity, as history has shown is a big mistake. The IRS can't balance it's books and the Government can't balance it budget, yet you truly believe that they can run an entire banking system. Have you not seen the failure of just about every government program in the 20th century yet you now want this system to run banking? 

Our banking system has truly failed us, but not because of it's own device, but because it is allowed to collude with government to create money, borrow money, determine interest rates and establish and enforce underwriting guidelines. As long as you allow any entity to freely print money at their convience, you are going to eventually have a failed monetary system. 

As a friend recently stated, "Money" must have a responcibility associated with it. It cannot just be freely printed at no cost or it will be printed, as history has shown until it eventually is no longer considered by the world to have value; called price inflation, the result of devalued currency. 

Utah just passed a law that once again allows gold and silver coin, as our Contitution established, to be used as money. Gold and silver, for various reasons still remains the world's reserve currency, despite the effords of many to discreate it value, because it has that, a value that has been maintained throughout it's existance. You can take gold and silver anywhere in the world and you can exchange it for other currencies, good and services. Everyday the price of gold and sliver is published throughout the world and it is done so for a reason. It is the true foundation of money, as all currencies are compared and correlated to it's value.

The problems of banking are surely multiple in origin, but having fiat currency is one that will single handedly doom your financial system, as the body politic formulates the means in which to control it's creation and spending.

Central banking was created to be a Public Banking System and you can see how well tha thas served the countries of the world.                       


Comment by PureTrust
Entered on:

No Matter how you look at it, and no matter the economy reasons behind it, when you create money out of thin air, and then loan it to people at full face value accepting it back after they worked their rear-ends off to repay it, and along with the interest, like the Fed and the banks do, IT IS MORALLY AND ETHICALLY WRONG, WRONG, WRONG!!!
  

Make a Comment