Quote:
Originally Posted by marcop
I apologize for calling you a loony earlier--you're obviously an accomplished climate scientist.
Perhaps you could now show off your economist chops and tell us how the economy can be stimulated and the deficit reduced by cutting taxes. Thanks.
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I know you're being sarcastic but heree ya go..
In 1913 what is know as the Federal Reserve Act was passed. The people of the US wanted their money out of the hands of the Wallstreet bankers. So what the bankers did was create this entity and gave it a "Federal" name to make the public believe it was federal. The reality is it is and was a private entity. Up until WWI the US only owed around 1 million in gold of debt. We were led iinto said war to amass debt. In a matter a few years the debt increased to 25 million in gold.
The bankers wanted their paper printing securitized so in 1921 the treasury was handed over in much the same way as the banking system. They unleashed the printing presses making a boomtime in the 20's much like they did in the 2000s. Eventually pulling the plug in 1929 much like they did in '08. By 1933 the US as you know it was declared bankrupt. Roosevelt seized all the peoples gold to repay said debt. In order to protect himself and the others in Washington from a revolt he also declared the American people enemies of the STATE. Since said time the US has been ruled under a secret military dictatorship under a maritime/admiralty jurisdiction.
Fix all that and your problems are solved. Beginning with abolishing the Federal Reserve. Congress doesn;t have to borrow money and pay interest on said money..