Topic: The production of money... is SCAM! - page 7. (Read 4517 times)

Its a monopoly on the production of national currency, some might say well the government should command this facility to stop fraud and counterfeits.    The problem is there is no set schedule to that system of money, its value is not tied to anything and ultimately the money is produced in line with political will.

The origins of the US dollar were eroded at various points that otherwise would have supported its value and stopped this descent.    One of the most mentioned in the news is the fiscal budget ceiling, which is raised at every question.    This ceiling should be fixed but as money itself declines in value the costs also rise needing a constant raise just to stand still.

What should be happening is a fiscal surplus but there is no political will to force such a harsh change in climate to the current continual deficit spending policies.    The only likely change will be external to USA and hence this failure of control represents a probable national threat.
Its not unknown or unrecognised by many parties but so far it has been unstoppable.     This is not capitalism, the means of value and capital are with the people as is the production.   It differs strongly with a nation guided by nationalised ownership of major assets and business.   Fixing rates (and monetary production) is just one such dominant assets operated by government, theres no question they must continue to devalue dollar so long as the debt goes unpaid in deficit budgets.

   Its part of the backdrop to crypto and the stressed importance of distributed ownership and operation to split vested interest and bias

The Federal Reserve is a private entity and works like this for decades.
Banks and the US government ask loans and get money created magically. The taxpayer is not paying for the bank loans but when it's about the government loans, it creates a debt for each citizen (when you give birth there, your kid has already a debt of $50,000)

With the scriptural money, the money doesn't exist physically, only in a database, it's created magically based on the fractional reserve rate. If the money stays scriptural that could be ok, but if people suddenly decide to go to the ATM and transfer out everything in cash, then the drama will start.

To be honest the governments were not controlling their country's money,it is controlled by their central banks that is why we call it as central banks even the government has no control over it so why we are allowing them? This sytem was found in 18th century and the creators were still following this system ad they are making all our money to decrease its value over time.

The government is the biggest scammer and this is within their control. The financial system that been hit by this massive fraud in wall street. Oh, I forgot that mainstream media and the likes are on the same channel and part of this since they're the main information sources in our society.

Mind conditioning and paid news shelling is one of they're profiting from. Politics do control everything in this world and that's what we get from being a puppet of this corrupt and self centered public servants.

Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses