The Future Conflict Between the US and International Banking Cartels (& co.)

[Toddsterpatriot]

Originally Posted by Toddsterpatriot
The Treasury doesn't borrow FRNs, why do the taxpayers have to repay what the Treasury didn't borrow?

The Federal Reserve only creates money thru debt whether it’s Federal Reserve Notes or thru buying Government bonds. The Treasury only prints money it doesn’t borrow it. The Government borrows money from the Fed. This is why the biggest share of the national debt is owed to the Federal Reserve. If the Government didn’t have to borrow money from the Fed almost half the national debt would be gone.

Now you're off the FRN angle? Yes, once the Treasury borrows from someone by selling a bond, the Fed may buy the bond. The Fed currently holds about $1.6 trillion in Treasuries, not even close to half the national debt.
You aren't suggesting we allow the Treasury to print to pay the bills, are you?
You realize that would be inflationary, right?

"The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..."

The above quote was taken from here -

The Money Masters - How International Bankers Gained Control of America

Thanks. If I want to watch an error filled video, I'll be sure to watch that again.

 

[Toddsterpatriot]

International banking cartels are behind the Fed, not congress.
It seems you are a spinning wheel and just want to keep issues going nowhere. It's like your afraid of the truth because than you will have to admit that you do not live in sunshine and lollipop land.

You are the weakest link. Goodbye.

The Fed was created by an act of Congress.
Why does printing silver certificates threaten the existence of the Fed or the evil bankers behind them? Spell it out.

Don't bogart that joint!

Becuase who would choose fiat money when money with silver certificates were available?

Which would YOU rather have?

A silver certificate dollar that you can trade in for about an OZ of silver at any bank, or a piece of paper backed by nothing?

The FEDs power is that it can issue any amount of fiat dollars it chooses to issue.

If people had a superior form of specie, the FED would have virtually no power whatever.

Nobody would want to use their money.

Seriously, is that really hard to understand?

When silver certificates circulated, they were worth the same amount as the FRNs which circulated alongside them. A $1 FRN was worth the same as a $1 silver certificate.
If $1 silver certificates circulate in the future, they won't be convertible to 1 ounce.

There wasn't enough silver to back the entire money supply and there isn't enough now, so the argument is moot.

 

[expat_panama]

...The debt owed to the Federal Reserve is listed as public debt...

Federal Reserve T-bills come out at around $2T and they got it under "Public Debt" because we're looking at bills that were first bought from the Treasury by the public and then later repurchased on the open market by the Fed. We're better off now we've dropped the "Treasury doesn't borrow" nonsense.

...Treasury’s Financial Management Service (FMS) compiles data in the “Treasury Bulletin” tables FD-2 and FD-6 from the “Monthly Statement of the Public Debt of the United States.” Table FD-1 summarizes the Federal debt by listing public debt and agency securities held by the public, including the Federal Reserve. The last time I checked the debt owed to the Fed was at least 40 percent of the national debt.

The bulletin's at http://www.fms.treas.gov/bulletin/b2011_3.pdf. Fed holdings of $2T is more like 13% of $15T total debt.