Our Republican Finance Minister

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From<br />
<a href="http://www.policestateplanning.com/chapter_1.htm">http://www.policestateplanning.com/chapter_1.htm</a> <br />
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&#8220;Western banks create money through a fractional-reserve lending system. Central banks lend money to governments to make up for the deficit in taxation receipts. The banks print money out of nothing and receive interest bearing government bonds in return. These bonds are called "securities" because they are backed by the full credit and integrity of taxpayers who pay back the loans through taxation.<br />
Eventually every pound or dollar borrowed passes through the current accounts and savings accounts operated by commercial banks. Under the rules of fractional-reserve banking, for the purpose of lending money, the commercial banker is allowed to print nine more pounds or dollars than he holds on deposit, or what ever ratio the central bank decides. He pays savers a modest rate of interest and charges borrowers a much higher rate on up to ten times the amount. His only costs are his buildings, employees, and book-keeping. The only risk he takes is an accounting risk if too many loans go into default at once. However, if he gets into serious trouble the central bank will come running to his aid with more money printed out of nothing. <br />
Looking for the equity in this system is fruitless. Every penny and cent in circulation requires interest payment to the money powers because money is debt. Hundreds of billions of dollars world-wide are paid in interest every year to men who print money out of nothing. <br />
A frequently asked question is, 'where does the money come from to pay the interest on the loan?' Quite simply there is none. Interest payments are serviced by payment in kind - through labour. This is a game of musical chairs where the money keeps on circulating between creditors and debtors. The profits from the banks are used by their shareholders to buy goods and services, passing the money to the workers to pay back the capital and the interest. If the game of musical chairs ever stopped there wouldn't be enough money in circulation to repay a penny or cent of interest. But the game is designed to go on forever. <br />
Having said all this, the bankers are permanently and necessarily interposed between parties in the market place, allowing us to trade goods and services for money. But they charge a high price for their services, as many Third World nations have found out, and have become fantastically wealthy as a result. The problem of this money monopoly is as much a political one as an economic one.&#8221;<br />
<p>---<br>Diogenes said:<br />
"I am Diogenes the Dog. I nuzzle the kind, bark at the greedy and bite scoundrels."

A good enough reason to buy gold and hide it in the closet.......?

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Men make plans, and the gods laugh

Gold is good but you can't eat it
i suggest one get themselves down to there local hydroponic shop and invest in a family food production unit or better yet
one that produces a surplus for trading and exchange

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Diogenes said:
"I am Diogenes the Dog. I nuzzle the kind, bark at the greedy and bite scoundrels."