Thanks to TS for this thread and forumers for holding this discussion. Good read and appreciate the attached links.
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Who Holds America's Debts ???
- Thread starter GOD IS MY DOG
- Start date
of course lah.......................Lincoln and JFK were true heroes.................
actually the US govt can abolish the FED by just returning them USD1Billion..................
but with the leaders corrupted and citizens ignorant...................what to do ?
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Hmmm... returning them USD 1 Billion can abolish FED? that's interesting.
but now all the politicians are puppets for the Jews in USA, there are no way they are going to abolish it.
but now all the politicians are puppets for the Jews in USA, there are no way they are going to abolish it.
there's a clause when they created the FED that the govt need to just pay back 1Billion..................
of course, 1Billion waaaaay back in 1913 was huuuuuge money...................
can buy more things on line lor...................US products lah............
online conversions do not translate to the rates you'll get at money changers.
aiyah...........you not buying things that cost 5 figures what..............few hundred no diff lah............
what makes you think so? I'm just stating a fact. few hundred no diff? ok.
Americans unfortunately have stupid lawmakers playing childish games.
Link: http://gawker.com/5825983/the-trillion-dollar-coins-that-could-save-america
[h=1]The Trillion Dollar Coins That Could Save America[/h] Looking across the vast debt ceiling hellscape today, it appears that Speaker John Boehner will finally, finally get House Republicans to pass his two-tiered debt limit hike by tossing in modest balanced budget amendment to the United States Constitution. Let's just say that that doesn't improve the chances of getting out of this pickle with a bipartisan solution, with only four days remaining. What is to be done, instead? Just have Timmy Geithner mint a trillion dollar coin, obviously.
A new contingency plan for paying the bills absent an increase in the debt ceiling has been gaining steam in the last few days — meaning, a few bloggers think it sounds nifty. Yale law professor Jack Balkin explains:
A couple of other positive aspects of the Trillion Dollar Coin option:
Link: http://gawker.com/5825983/the-trillion-dollar-coins-that-could-save-america
[h=1]The Trillion Dollar Coins That Could Save America[/h] Looking across the vast debt ceiling hellscape today, it appears that Speaker John Boehner will finally, finally get House Republicans to pass his two-tiered debt limit hike by tossing in modest balanced budget amendment to the United States Constitution. Let's just say that that doesn't improve the chances of getting out of this pickle with a bipartisan solution, with only four days remaining. What is to be done, instead? Just have Timmy Geithner mint a trillion dollar coin, obviously.
A new contingency plan for paying the bills absent an increase in the debt ceiling has been gaining steam in the last few days — meaning, a few bloggers think it sounds nifty. Yale law professor Jack Balkin explains:
Sovereign governments such as the United States can print new money. However, there's a statutory limit to the amount of paper currency that can be in circulation at any one time.
Ironically, there's no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.
Sure, do it. I mean, it would set horrible new precedents for the way the government operates, but since it doesn't really "operate" anyway, then who gives a shit?Ironically, there's no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.
A couple of other positive aspects of the Trillion Dollar Coin option:
- The two coins could become national heroes. We could name them! One's "Sparky," the other's... something else. "Wendell." Sparky and Wendell, America's Romulus and Remus for a new era of exhaustion.
- It would prevent the global economy from immediate total collapse.
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all controlled by the Jewish owners of the Federal Reserve lah..................all presidents and politicians..............
why don't abolish the FED and issue own currency instead of borrowing from a private central bank ???
the USD doesn't belong to the US Govt.................the dollar is a Federal Reserve Note.................
why don't abolish the FED and issue own currency instead of borrowing from a private central bank ???
the USD doesn't belong to the US Govt.................the dollar is a Federal Reserve Note.................
bump......................................
i think i read one of Celente's article in 2002-3 when he said the derivative scam is worth around USD400TRILLION.............
that's when i knew Great Depression is only a matter of time.....................
that's when i knew Great Depression is only a matter of time.....................
This is a good article if anyone is interested.
http://physics.ucsd.edu/do-the-math/2011/07/can-economic-growth-last/
http://physics.ucsd.edu/do-the-math/2011/07/can-economic-growth-last/
___________Some people speculate the those US President that proposed this got assinated.[/SIZE]
JFK mah kana killed lor...................
he signed an executive order to abolish the FED just before he kana killed....................
when Johnson became president, the VERY 1ST thing he did was rescind JFK's order....................
the jews killed JFK also becoz he'll never get US involved in Vietnam War....................
no war.....................less profit for the FED...................
His father also antagonized the Jews.
the other Kennedys that died were also probably murdered
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