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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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The people who can produce legal currency by adding zeros to their bank accounts at will have a problem, and that problem is called competition.
The Chinese government has that power, and so does the American government.
The American government sold that power to The Federal Reserve Company people - and they make the dollar.
This may sound complicated but it is what it is and to fail this chore of understanding is to fail understanding NEWS like the link above - and to fail is to be subject to those who have not failed.
It can help greatly to think in more personal terms before thinking in terms of China, The Federal Reserve, and America.
Suppose you have the power to make dollars at will and no one else has that power. You alone can make as many dollars as you want, and anyone else who makes dollars is subject to jail time or worse when caught making dollars. In real physical terms you now have the legal power to produce purchasing power - as much as you want whenever you want.
You may think I'm crazy at this point, but these are the facts, and from where I sit anyone who fails to know these facts are weak, very weak, very poor, and very much less powerful than someone who does know these facts - so what does someone looking at me as if I am crazy look to me?
The Federal Reserve has this legal power to create purchasing power at will, they hold the legal license - anyone else is guilty of counterfeiting.
What do you think, now that you know this, could be the governing factor controlling how much money the Federal Reserve produces?
Before answering please look here (again for anyone who has already looked here):
http://www.usdebtclock.org/
If you thought you had the right answer to the question concerning what governs the people at the Federal Reserve when they can and do produce as many dollars as their black hearts desire, and you thought your right answer was something alone the lines of common sense, whereby the good people at the Federal Reserve use common sense to govern themselves as they make more and more dollars then you are wrong.
The people at the Federal Reserve are criminals, legal criminals, and the power went to their heads, they destroy the goose that lays the golden eggs and that National Debt clock measures that destruction in a very easy to read and very accurate way. Read it and weep - while knowing that for every dollar of debt there is someone who is owed that dollar. Who owes whom? Who is supposed to receive all those dollars of debt? What will those people do with all that money once they receive all that money from the people who owe all that money (purchasing power)?
I'm going to post this here and there and then return to writing so as to sound bite the message here.