Buy the Federal Reserve
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Lehman Brothers is going bankrupt. Bear Sterns folded a few months ago. What’s next? Where does it all stop? To me, a buyout of the Federal Reserve would be the best answer. If the U.S. government would buy out the Federal Reserve with and new U.S. dollar, debt and interest free, all our problems of mortgages, war, poverty would all be resolved. How? By eliminating usury.
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Usury is the act of lending money with interest. The best example is the United States Government paying interest on its loans from the Federal Reserve Bank. Why is that? Can't our own government be as kn owledge as the Federal Reserve owners?
Normal 0 Money is a commodity, just like any other. Today it is a legally established paper or electronic commodity, not based on gold or silver. It is used as an exchangeable equivalent of all other commodities and is used as a measure of their comparative values.
When you borrow money you are expected tp pay it back. Your promise to pay is the the money, and unless enough credit is continued to flow in the market place someone has to lose. Every play the game Monopoly (R)? The bank always wins!
No matter what interest rate is charged for borrowed money there inevitably has to be inflation and bankruptcy. The United States Congress could pass a law to create a new U.S. currency that buys up all the Federal Reserve Notes. Buy it with what? Buy the Federal Reserve with real money, the way it originally was used, a promise to pay.
The new currency would be collateralized with the promise to pay with food, especially grain.
About the Author:
David Snieckus provides inspiration, motivation, encouragement and leadership to his large and ever increasing circle of friends in being healthy and wealthy through his "EATINGS". David is a graduate of the world renowned Kushi Institute and has been practicing Macrobiotics since 1977. David lives in Newton, MA with his life-partner Margaret and their daughter Abigail.
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