[quote=ucodegen][quote investor]
Cute. Answer me this, why has the organization that controls the money in the US never been audited to see who owns what and who is making money off of the selling of our money?
[/quote]
Simple.. Congress is making money off the Fed Reserve Window lendings.
[quote investor]
Griffin does say that socialists in league with the money cartel have been slowly creeping toward a one world money supply.
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Umm.. money cartel?? no such animal. Sounds kind of cloak and dagger though. might make a good movie but facts are far from it. The fact is that people with money and power do NOT want a one currency world. Look up “currency arbitrage” and “carry trade” for edification. Buy in to the table is in $100k units minumum(roughtly)
[quote investor]
Do you think that that is ridiculous looking at US history from the civil war era to Obama and the progression towards bigger government?
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We already discussed aspect as to why this occurs. Simply, bureaucracy begets bureaucracy. The importance of a bureaucrat has to do with how many people are below him. It also has to do with how their funding works. You can’t save money to carry over into the next year.
[quote investor]
I haven’t proven my case by only quoting his book when I am just asking for details on why they think he is wrong, they quote the fed for a definition on the fed,… Can you provide details on why griffin is wrong? I’m not being a smart butt; I would like to hear intelligent rebuttals.
[/quote]
Let me give you an example of the problem:
How do you rebut a guy who believes that the sky is purple?
How do you even approach the problem?
The underlying problems is that Griffin has no real understanding of how it works. It would be like arguing a calculus problem with someone who doesn’t understand basic arithmetic and doesn’t have a desire to go further. Davelj even gave examples of how the fractional lending actually works. He made it real simple. He didn’t even get into the Fed Reserve Window and Intra-bank lending aspect.
[quote investor]
Jefferson and Andrew Jackson were both adamantly opposed to central banks and our constitution says that our money should be based on silver and gold.
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Answer me this: why, really why, did we go off the gold standard? It is not what most ‘pro-gold’ people think, and it is in part caused by the interaction between fiat and non-fiat currencies.[/quote]
Last question first. Because with the trade inbalance, all of our gold would have left our shores in no time. Without gold as a stopper to the printing of fiat money, the US government could also print us into defecit spending which the politicians like. The fractional banking system is a small part of the federal reserve. It is so “fractional” now that there is nothing behind the debt but more debt as far as you can see. Griffin being a purple sky’er may or may not be true. More people than him believe that there is a deep movement towards world socialism. Hard to prove though. Ron paul, robert kyossaki, bill still are a few that I know of. Please get the “money matters” DVD and let me know what you think of it. It is concentrated on the formation of central banking and is easy to watch. No, I don’t have a financial intrest in the DVD. First question. What you are describing is the increase in bureaucracy, not the deeper movement towards a one world socialistic government, with a one world money supply. Traders in currency are nowhere deep enough in the scheme of things to discount the possibility of above. They are traders feeding off of the system. Not the movers of it. I don’t know if there is a movement as griffin and others describe. If griffin is wrong, so are alot of other intellegent people as well.
