Quote:Apparently someone has no clue about basic economics. If you are that concerned with debt, use cash only from here on out. But to basically say the worlds monetary systems as we know it should be eliminated is ridiculous. 

 

The monetary system is ridiculous to anyone who understands it.  It gives complete control to Central Banks.  These are PRIVATE banks but we are not allowed to know who owns them.  Think about that.  Why would the government ask a private company to issue the nation's money, especially at interest?  The government could just issue the money themselves and not have to answer to  - or pay interest to - the private bank. 

 

The other ridiculous part is that the currency issued has no inherent value.  But since they are called "dollars" and they circulate along with other things we called "dollars" they are accepted as being the same.  If you look at the wording on U.S. Currency over the years, you can see that "the dollar" has changed many times without our consent.  Used to be you could take a $20 bill into any bank and walk out with almost 1-oz of gold.  Even a $5 coin was made of gold.  But people used paper money because it was essentially equivalent to gold.  Until the day it wasn't. 

 

I could go on, but do you think it's fair that Janet Yellen gets to decide how many billion dollars she will create today, which of her banking buddies she will lend it to, at what interest, etc?  Meanwhile the average Joe has to actually WORK for his dollars - work extra hard so he can give some fruits of his labor to Ms. Yellen and the Fed for interest on a debt we never had a part in creating.  Actually the Fed is lending to the banks at 0.0% interest and paying them 0.25% to "park their reserves" with the Fed!  Actually the taxpayer is on the hook for that 0.25% free interest because if the Fed didn't have those payments the extra money would be returned to the Treasury. 

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