Letter to the Editor: A really long, ...

Letter to the Editor: A really long, slippery slope

There are 29 comments on the Public Opinion story from Jan 24, 2010, titled Letter to the Editor: A really long, slippery slope. In it, Public Opinion reports that:

Oh, how far we have some since 1900. In 1910, an ounce of gold coin was worth $20. At that time, a $20 piece of paper at the bank could be exchanged for a $20 dollar gold piece.

Join the discussion below, or Read more at Public Opinion.

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Since: Oct 08

Location hidden

#1 Jan 25, 2010
Ugh...
disagree

Greencastle, PA

#2 Jan 25, 2010
I thought the letter was about Whitetail.

“Illegitimi non carborundum”

Since: Apr 08

Hagerstown, MD

#3 Jan 25, 2010
I would like to hear just who the "they" and "the big money people" are. There are so many extremists that use these terms over and over without telling you just who these boogy men are. It's a scare tactic and you seem to lapping it.

Louis, do you think the 'B'ravo 'S'ierra you hear on garbage radio like the Power Hour and Alex Jones is true and genuine? This type of LTE is right out of their playbook. One should not be that gullible.
cablesetc

Greencastle, PA

#4 Jan 25, 2010
Louis, get your story straight. The audit, if approved, will be limited to the AIG bailout--not the entire system.

The Fed is controlled by the Senate when it confirms the appointment of the Chairman and the Board members.

The Goverment Accountability Office is the watchdog agency.
anon coward

Waynesboro, PA

#5 Jan 25, 2010
the PO must have heard about the National Enquirer applying for a pulitzer and decided that they should engage in shady journalism also. apparently there is no standard of what will be printed as a letter.
cablesetc

Greencastle, PA

#6 Jan 25, 2010
Embedded Citizen wrote:
I would like to hear just who the "they" and "the big money people" are. There are so many extremists that use these terms over and over without telling you just who these boogy men are. It's a scare tactic and you seem to lapping it.
Louis, do you think the 'B'ravo 'S'ierra you hear on garbage radio like the Power Hour and Alex Jones is true and genuine? This type of LTE is right out of their playbook. One should not be that gullible.
You got it right! It would be nice of some of the yo-yo would do their homework before they fired off a letter to the editor. ditto PO before they publish this ilk.
WakeUp

Greencastle, PA

#7 Jan 25, 2010
Embedded Citizen wrote:
I would like to hear just who the "they" and "the big money people" are. There are so many extremists that use these terms over and over without telling you just who these boogy men are. It's a scare tactic and you seem to lapping it.
Louis, do you think the 'B'ravo 'S'ierra you hear on garbage radio like the Power Hour and Alex Jones is true and genuine? This type of LTE is right out of their playbook. One should not be that gullible.
You know nothing about the Fed yet you feel compelled to make a totally uninformed baseless response. The LTE is correct. The Fed is not necessary, it is not a Federal agency but is a group of privately owned banks that control our money. The Fed creates money from thin air, backed by nothing. The instant they "create" another trillion dollars(funny money), they start charging interest on this imaginary "money". The interest is real and the tax payers have to pay the banks. Google before you speak and you will learn something.

Rothschild quotes: "Give me control of a nation's money and I care not who makes the laws."

As Thomas Jefferson warned: The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.
nobama

Englewood, CO

#8 Jan 25, 2010
cablesetc wrote:
Louis, get your story straight. The audit, if approved, will be limited to the AIG bailout--not the entire system.
The Fed is controlled by the Senate when it confirms the appointment of the Chairman and the Board members.
The Goverment Accountability Office is the watchdog agency.
Wrong. Although the President appoints the chairman and board members and their appointments are subject to confirmation, that is the extent of their power over the Fed. Once appointed, the Fed members are accountable to no one..including the GAO.
The writer was also correct about Woodrow Wilson. He was a vile man; a eugenicist and virulent racist.
Anon

Kernersville, NC

#9 Jan 25, 2010
It's good to see that other people have removed their rose colored glasses and seeing the world for what it is.
UnEmbedded Citizen

Chambersburg, PA

#10 Jan 25, 2010
Embedded Citizen, do a little research on the Federal Reserve before you make babble on about what you think you know on these forums...just read two or three books about the FED, it will only take 1 or 2 of your 5 total brain cells to figure out how it is crippling our nation.

Do you not think that we're entering the beginning stages of hyper-inflation? Is paying ,$1,100 for an oz. of gold,$5.00 for a gallon a milk, etc. etc. etc., not enough for you to see this?

We are borrowing from China just to pay the interest we owe to them from all the other CURRENCY we borrowed from them...

Embedded Citizen, maybe if you knew your history a little, you would understand that the U.S. is simply repeating what so many other nations have done. The Romans debased their currency and collapsed soon after, so did the FRench, and so did many other nations.

So I challenge you to take a few hours this week, and research the FED

“Illegitimi non carborundum”

Since: Apr 08

Hagerstown, MD

#11 Jan 25, 2010
To UC and WakeUp.
I never mentioned anything about the "Fed", you guys did.
My comment was simply on the use of the ambiguous terminology of the "they, them, etc" which is never clarified as to who exactly "they/them" are.

BTW, I know the history of the Federal Reserve and I do believe they should be audited. I'm just against the insane conspiracies that they are involved with the Trilatteral Commission, the Bilderbergs, and even the Masons to control the world. Makes for some entertaining fictional reading.
WakeUp

Greencastle, PA

#12 Jan 25, 2010
Creature From Jekyll Island A Second Look at the Federal Reserve- http://video.google.com/videoplay... #

This explains our fiat money system and how the Federal Reserve is the agency of inflation. This 42 minute video explains the "Fed", how money is created, and why our biggest tax is hidden in the form of inflation.
worldinspector

Chambersburg, PA

#13 Jan 25, 2010
On one hand, the letter makes sense until it degenerates into evil men, socialism, communism, police states, total control, etc.
But, ON THE OTHER HAND, remote speed calculators have recently been installed in various locations around Baltimore, which automatically send you a $40. speeding ticket if you're clocked at 12 mph above the speed limit. And almost every major city now has flashing blue camera lights at nearly every intersection. Etc.
And of course, there's no question that the dollar is going down the tubes ... has been for at least the past quarter century.
Scary.
cablesetc

Greencastle, PA

#14 Jan 25, 2010
nobama wrote:
<quoted text>
Wrong. Although the President appoints the chairman and board members and their appointments are subject to confirmation, that is the extent of their power over the Fed. Once appointed, the Fed members are accountable to no one..including the GAO.
The writer was also correct about Woodrow Wilson. He was a vile man; a eugenicist and virulent racist.
The President's nominee must be confirmed by the Senate. Therefore the Senate does control appointments. No confirmation--no appointment.

“Illegitimi non carborundum”

Since: Apr 08

Hagerstown, MD

#15 Jan 25, 2010
How do you explain the 'appointment' of the Czars?
cablesetc wrote:
<quoted text>
The President's nominee must be confirmed by the Senate. Therefore the Senate does control appointments. No confirmation--no appointment.
WakeUpCall

Greencastle, PA

#17 Jan 25, 2010
The problem is that the US has one of the worst monetary systems ever devised: a central bank that operates independently of the government, which, with other private banks, creates all of our money with a parallel amount of interest-bearing debt. That's why we can never get out of debt.
There is nothing 'Federal' about the Federal Reserve-and there are no reserves. The name is a deception created before the Federal Reserve Act was passed in 1913 to make Americans think that America's new central bank operates in the public interest. The truth is that the Fed is a private (or, at best, quasi-public) bank owned by private national hanks, which are the stockholders, and run for their private profit.
The Federal Reserve Act was railroaded through a carefully prepared Congressional Conference Committee meeting, scheduled during the unlikely hours of 1.30 am to 4.30 am (when most members were sleeping) on Monday 22 December 1913, at which 20 to 40 substantial differences in the House and Senate versions were supposedly described, deliberated upon, debated, reconciled and voted upon in a near-miraculous four-and-a-half to nine minutes per item, at that late hour.

At 6.02 PM on 23 December, when many members had already left the Capital for the Christmas holiday, the very same day that the Bill was hurried through the House and Senate, President Woodrow Wilson signed the Federal Reserve Act of 1913 into law.

The Act transferred control of the money supply of the United States from Congress to a private banking elite. It is not surprising that a bill granting a few national bankers a private money monopoly was passed in such a corrupted manner.
OneSolution

Greencastle, PA

#18 Jan 25, 2010
Until we stop talking about 'deficits' and government spending, and start talking about whom creates and controls how much money we have, it's just a shell game, a complete and utter deception. It won't matter if we pass an ironclad amendment to the Constitution mandating a balanced budget. Our situation is only going to get worse until we root out the cause at its source.
Our leaders and politicians, those few who are not part of the problem, need to understand what is happening and how, as well as what solutions exist. The government must take back the power to issue our money without debt.
Issuing our own debt-free money is not a radical solution. Its the same solution proposed at different points in US history by men like Benjamin Franklin, Thomas Jefferson, Andrew Jackson,
Martin van Buren, Abraham Lincoln, William Jennings Bryan, Henry Ford, Thomas Edison, and numerous congressmen and economists.
WakeUp

Greencastle, PA

#19 Jan 25, 2010
They also discovered that ‘rowing’ the economy between easy money and tight money could make extra profits.

When they made money easier to borrow, then the amount of money in circulation expanded. Money was plentiful, and people took out more loans to expand their businesses. But then the goldsmiths would tighten the money supply and make loans more difficult to obtain.

What would happen? Just what happens today. A certain percentage of people could not repay their previous loans and could not take out new loans to repay the old ones; therefore they went bankrupt and had to sell their assets to the goldsmiths or at auction for 'pennies on the dollar'.
The same thing is still going on today, only now we call this up-and-down rowing of the economy, the 'business cycle', or, more recently in the stock markets,'corrections'.
ReadThis

Greencastle, PA

#20 Jan 25, 2010
On 21 November 1933, US President Franklin D. Roosevelt wrote in a letter to a confidant:

"The real truth of the matter is, as you and I know, that a financial element in the large centers has owned government ever since the days of Andrew Jackson..."

The central bank scam is really a hidden tax, but one that benefits private banks more than the government. The government sells bonds to pay for things for which the government does not have the political wisdom or will to rise tax to pay. But about 10 per cent of the bonds are purchased with money the central bank creates out of nothing. The government then spends this new money. Once deposited, private banks use these new deposits to create ten times as much in new fractional reserve loans. This provides the economy with the additional money needed to purchase the other 90 per cent of the new bonds without drying up capital markets and forcing up interest rates. By borrowing the money (Ie., selling new bonds), the government spreads out the inflationary effects over the term of the bonds. Thus, there is little or no immediate inflation. More money in circulation makes your money worth less. The politicians get as much money as they do want, and the people pay for it in inflation-which erodes the purchasing power of their savings, fixed income and wages.

The perverse beauty of the plan is that not one person in a thousand can figure it out because it's deliberately hidden behind complex-sounding economics gibberish.
Ping

Chambersburg, PA

#21 Jan 25, 2010
ReadThis wrote:
On 21 November 1933, US President Franklin D. Roosevelt wrote in a letter to a confidant:
"The real truth of the matter is, as you and I know, that a financial element in the large centers has owned government ever since the days of Andrew Jackson..."
The central bank scam is really a hidden tax, but one that benefits private banks more than the government. The government sells bonds to pay for things for which the government does not have the political wisdom or will to rise tax to pay. But about 10 per cent of the bonds are purchased with money the central bank creates out of nothing. The government then spends this new money. Once deposited, private banks use these new deposits to create ten times as much in new fractional reserve loans. This provides the economy with the additional money needed to purchase the other 90 per cent of the new bonds without drying up capital markets and forcing up interest rates. By borrowing the money (Ie., selling new bonds), the government spreads out the inflationary effects over the term of the bonds. Thus, there is little or no immediate inflation. More money in circulation makes your money worth less. The politicians get as much money as they do want, and the people pay for it in inflation-which erodes the purchasing power of their savings, fixed income and wages.
The perverse beauty of the plan is that not one person in a thousand can figure it out because it's deliberately hidden behind complex-sounding economics gibberish.
And Lee Harvey Oswald killed President Kennedy by himself. Roswell NM is the central hub of UFO activity. Area 51 has bodies of extra-terrestial beings in a freezer. Go for it WACKO!

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