What is economic function supposed to be like without Federal Reserve banks?
Our money, instead of being supplied interest free as a means of exchange, now comes as a debt owed to bankers providing them with vast profits, power and control, as the rest of us struggle with an increasing burden of debt…. There is much less risk to making loans than investing in a business. Interest is payable regardless of the success of the venture. If it fails or cannot meet the interest payments, the bank may seize and later sell the borrower’s property. Borrowing is extremely costly to borrowers who may end up paying back 2 or 3 times the sum lent. The banks are acquiring an ever increasing stake in our land, housing and other assets through the indebtedness of individuals, industry, agriculture, services and government – to the extent that Britain and the world are today effectively owned by them. Furthermore, central banks such as the U.S. Federal Reserve and the European Central Bank which regulate the commercial banks and set interest rates are controlled not by elected
The ‘federal reserve’ is no more ‘federal’ than federal express. Its a banking corporation that is part of the world banking system. But it has more power than the government! The control of the world’s money is why there is no longer a ‘gold standard’ monetary system, leaving the world at the mercy of fiat money and complete control of its value by the world banks. This documentary film explains the ‘one world bank’ goal, why the IRS has no lawful authority to tax your wages, some interesting executive orders that Bush wrote, what the future of RFID technology holds for us and other things. http://video.google.com/videoplay?docid=… Warning, you may not sleep well after viewing.
Some people have never cottoned to the fact that currency is merely a medium of exchange and can be printed in greater or lesser quantity as needed. They believe in returning to some sort of standard based on a commodity like gold. Since monetary policy has been enormously successful for many years, I’m afraid they’re on the lunatic fringe, along with 9/11 conspiracy theoriests and UFO fans.
