Bankers

Re: Bankers

PostBy: cokehead On: Sat Apr 17, 2010 6:31 am

cokehead
 
Stove/Furnace Make: Locke, Godin, Tarm in da works
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Re: Bankers

PostBy: cokehead On: Sun Apr 18, 2010 12:16 am

http://video.google.com/videoplay?docid ... bt&view=3# This video is like Money 101. It helped me have a better understanding of the banking system. It puts things more into perspective. The fractional reserve system concept was totally off my radar. It is a grand shell game and we all are the patsies. Just like at a casino, the house always wins.
cokehead
 
Stove/Furnace Make: Locke, Godin, Tarm in da works
Stove/Furnace Model: Warm Morning 617-A, 3721, 502

Re: Bankers

PostBy: cybdav On: Mon Sep 06, 2010 9:35 pm

[quote="Black_And_Blue"]"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

This is a quote from Thomas Jefferson as you may have said. I recently heard it on an Album by Sons of Liberty. Good album and good website.

Also; Thanks for the email some months back Cokehead. I am slow.
cybdav
 
Stove/Furnace Make: Harman
Stove/Furnace Model: Mark III


Re: Bankers

PostBy: cybdav On: Mon Sep 06, 2010 9:41 pm

And now I go back and click on Cokeheads links and it is the very band I speak of.
cybdav
 
Stove/Furnace Make: Harman
Stove/Furnace Model: Mark III

Re: Bankers

PostBy: jpete On: Mon Sep 06, 2010 9:45 pm

samhill wrote:The trouble was if they went under the country goes under, there is no economy without a functioning banking system. They were allowed to get too big to the point that they were mostly reliant upon one another. The smaller banks even if large in number were totally dependant upon them. It would have just caused another run on banks & this time because of a global economy it would also be a global depression. Don`t forget this recession included most of the industrialized world, we all have to pull ourselves out.


It depends on your definition of an "economy". People still have to live. Work still needs to get done. The market WILL function. You don't need bankers creating money out of thin air to have a functioning economy.
jpete
 
Hand Fed Coal Stove: Harman Mk II
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Re: Bankers

PostBy: jpete On: Mon Sep 06, 2010 10:01 pm

cokehead wrote:Prophetic words
Black_And_Blue wrote:"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

-TJ


Not prophetic. They lived it. They knew the truth.

Between 1775 and 1779, the central government expanded the total money supply from just $12 million to a whopping $425 -million. That’s an increase of more than 3,500%. In addition, the individual states were busy doing the same thing. It’s been estimated, in just five years, the total expansion reached 5,000%.

“The first exhilarating effect of this flood of new money was the flush of apparent prosperity, but that was quickly followed by inflation as the self-destruct mechanism began to operate. In 1775, paper Continentals were traded for one dollar in gold. In 1777, they were exchanged for twenty-five cents. By 1779, just four years from their issue, they were worth less than a penny…it was in that year George Washington wrote, “A wagon load of money will scarcely purchase a wagon load of provisions.”


http://dishonestmoney.com/honest_vs_dis ... money.html
jpete
 
Hand Fed Coal Stove: Harman Mk II
Coal Size/Type: Stove, Nut, Pea
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