Too many people think that our trillions of dollars of debts will have to be paid by our posterity. Not so. Our debts can never be paid as we have no money with which to pay them. Our medium of exchange-erroneously called "money"-consists of Federal Reserve Notes; a note being an instrument of debt. How is our "money"-debt-created? The actual creation of money always involves the extension of credit by private commercial banks, meaning that we use debt as a medium of exchange. Money to pay the interest on borrowed money comes from the same source that other money comes from. I.e., the interest must also be borrowed. It's a shame that well meaning people don't understand how our "money" is created, that the process is unconstitutional and designed to enslave us.Yes we were scammed by a banking cartel way back in 1913. The FR is not federal nor a reserve but a private central bank owned by the Bank of England or really the Rothschilds. Federal income tax is a burden put on the American citizen to pay against money the Govt borrows, interest only and our national debt can not ever be paid pack. So the wealthy elite steal your wealth and then tax you to pay yourself back imo. Quite slick if you think about it but they should all hang until dead or worse for the crimes they have committed just like France did to their king and queen during the french revolution.
Some good reading about it here:
Congressman Traficant speaks out
Congressman McFadden speaks out
Too many people think that our trillions of dollars of debts will have to be paid by our posterity. Not so. Our debts can never be paid as we have no money with which to pay them. Our medium of exchange-erroneously called "money"-consists of Federal Reserve Notes; a note being an instrument of debt. How is our "money"-debt-created? The actual creation of money always involves the extension of credit by private commercial banks, meaning that we use debt as a medium of exchange. Money to pay the interest on borrowed money comes from the same source that other money comes from. I.e., the interest must also be borrowed. It's a shame that well meaning people don't understand how our "money" is created, that the process is unconstitutional and designed to enslave us.