RE: Banks Make Money the Old Fashioned Way....
January 28, 2014 at 7:29 pm
(This post was last modified: January 28, 2014 at 7:31 pm by paintpooper.)
(January 28, 2014 at 7:21 pm)kılıç_mehmet Wrote:Quote:The FRB was created before the great depression so it actually had a hand in creating it. Being a private corporation and all that loans money to our government at interest, where as the government should be creating it's own money interest free.Well, I think the gold standard was in effect until the great depression hit the scene.
As gold is rather limited, the amount of liquidity in the economy is limited aswell.
To be honest, FRB actually allowed America to be economic superpower that it is today.
We are also 14 trillion and counting in debt, it is an illusion. Hard work and intelligent people allowed America to become what it is.
Money is a social ideal in a way, if money was "eliminated" people would still be doing what they are doing, people do things, money is a piece of paper. It can "motivate" people but it is not the reason for the greatness of a country. "Money" should be backed by labor, mental and physical, the labor of the people, to produce the goods/services the nation needs.
Gold standard was in a way yes, all gold was confiscated in 1933, then the silver was instituted and that was phased out as well, to a strictly fiat currency.
(January 28, 2014 at 7:21 pm)kılıç_mehmet Wrote:Quote:The FRB was created before the great depression so it actually had a hand in creating it. Being a private corporation and all that loans money to our government at interest, where as the government should be creating it's own money interest free.Well, I think the gold standard was in effect until the great depression hit the scene.
As gold is rather limited, the amount of liquidity in the economy is limited aswell.
To be honest, FRB actually allowed America to be economic superpower that it is today.
Quote:People are greedy yes, but that is a manufactured culture to make us greedy, when everything revolves around money it is hard to not want to accumulate it. Control of the media and news helps to exacerbate this greed.Sadly. We do not live in a world of higher ideas, and noble goals anymore. People are too preoccupied with themselves, as not to care about society, or social justice.
The more they can benefit from a corrupt system, the better.
But we could strive to create a better world, with proper education and the harsh punishment of the corrupt. We are all one, we are not "individuals" in a sense, everything we do has an effect on all of mankind, people need to think that way, the modern world instills a sense of selfishness. The human race would not be where it is at today if we all acted selfish. We should work together for the better of all, and sacrifice for what is good and moral.
