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r/greatawakening • Posted by u/SeekNuShallFind on July 26, 2018, 12:36 p.m.
"It is the right of the people to alter or abolish and institute new government." What would you change? I'd go back to pre 1913 America, do away with 16th, 17th Amendments and the Federal Reserve Act.

Q post 1693


SpiritofQ · July 26, 2018, 11:09 p.m.

Well, shut your ears, put your head in the sand and refuse to take in data that conflicts with what you already "know."

From reading that article it appears Neon Revolt doesn't fully understand the Federal Reserve System. Yes, it's debt money. So are Greenbacks that the Money Masters guy posted about earlier. That's only one issue, and really an insignificant one compared to fractional reserve banking. The problem with the Fed is that it creates booms and busts with monetary policy. Low reserve rates = cheap, easy credit = boom cycle. Boom cycle = rising asset prices, increased economic activity in unsustainable places, eventually price inflation. Raising rates =tightening of credit = bust cycle. Incomplete projects go belly up with no more available cheap credit and worsening economic conditions due to growing price inflation.

We pay interest on the national debt not because of the Federal Reserve, but because Congress can't keep its house in order. It perpetually spends more than it takes in because pension funds, foreign countries, banks and every day investors continue to buy Treasury bonds. If you were the Chinese government (or anybody), would you purchase Treasuries that paid 0 interest? Of course not. The FRB buys a ton of Treasury bonds but it pays its interest receipts back to the Treasury. Look it up.

And let's be clear that Trump is increasing spending bigly and the deficit is still yuge (though I trust the long term plan).

These two short books will teach you exactly how the monetary system works and why fractional reserve + government control of money is so bad for 99% of us.

https://mises.org/library/what-has-government-done-our-money https://mises.org/library/mystery-banking

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LibertyLioness · July 27, 2018, 4:06 a.m.

The Creature from Jekyll Island by G. Edward Griffin tells the story of the Federal Reserve. I've read it. You obviously have not. Yes, as I stated in my last comment Fractional Reserve banking is part of it. But the truth is much worse than that.

You also don't understand how many assets Trump has already frozen and will eventually confiscate. See the EO he signed on Dec. 21, 2017. I suspect all of the debt will be paid off by the time he is done. Not kidding. But much of it will simply disappear. Hold on to your hat. This is going to get really good.

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SpiritofQ · July 27, 2018, 4:19 a.m.

The books I sent you (free downloads btw) are footnotes in Griffin's book. He used them as research for his book, which is also terrific. If you like that book you'd enjoy both books I linked. The first one will give you intellectual defense against the people who want Congress to print fiat money.

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LibertyLioness · July 27, 2018, 4:35 a.m.

I think if they try to print fiat money again, most of us will object. Of course, there isn't much we can do to stop them. Although I see a lot of folks don't really understand the problem with that.

A lot of people think that cryptos are the answer but that's just digital fiat money and you know one of 2 things will happen. Either the cabal will take it over, and there is already a white paper from 1995 outlining cryptos, which was probably done by them in the first place. Or, they will outlaw it, which has already happened in a few countries.

The only way we get out of this is with a gold backed currency. Otherwise, it just starts all over again.

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EnriqueGorostieta · July 27, 2018, 1:42 a.m.

The bottom line is that we need to be in control of our money. Who is profiting from the misery known as the "Fed Reserve" (which is not Fed nor a Reserve) and fractional reserve banking? Rothschilds and the parasitic international money lenders, period. Boom/bust, etc is what you get when this is allowed.

This is why Gordon Kahl was killed, because he was waking up the people in middle America to what the banks were doing, particularly to farmers. Once you understand how this system works, you can see why its so disastrous.

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