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General Category >> Politics, Religion (Tall Table) >> Pigeons
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Message started by justin_o_guy2 on 10/03/15 at 21:18:27

Title: Pigeons
Post by justin_o_guy2 on 10/03/15 at 21:18:27

“That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt. Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. …But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. …It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people.” – Thomas Edison and Henry Ford, interview with NY Times, 1921

“When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money… The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.” – Wright Patman (27) : excerpts from September 29, 1941, as reported in the Congressional Record of the House of Representatives (pages 7582-7583).

What's wrong with those clowns? Can't everyone see how well it's all going?

Title: Re: Pigeons
Post by thumperclone on 10/03/15 at 23:51:14

re barff

Title: Re: Pigeons
Post by justin_o_guy2 on 10/04/15 at 16:30:16

Your unwillingness to see it for what it is doesn't make it any less correct. You Agree that we should Borrow, as a nation, rather than create our own money?