Despite everything I hear on the mass media, I still have many doubts in my mind as to the possibility that this this bleeding, unconscious patiet will make it out of the field. What are the long term prospects that the government will not be succumbed by the avalanche of debt which it ever the more has to service and which ever the more it continues to create? The way I see it, if the government and powers that be keep doing what they are and have been doing since 1913 then, the nation’s fiat currency will most likely hyper-inflate and become worthless – and die. This is obviously very troubling for all of us who are watching and questioning the things that are being observed. At the present time, I don’t see any way out of this situation except for that of cutting government services, stopping the war and laying off government workers. If this does not happen now in a relatively peaceful and organized manner, making the necessary changes at a later time under greater durress will only create an even more perilous and uncertain situation. It is sad that we may we in fact be witnessing the end of the US dollar fiat reserve note currency system and possibly the start of new currencies. As a result of this, we could also be looking at the break-up of the United States and the restoration of a new governmental system with a very small central power base and more autonomous rule from the independent states – just as our founding fathers had envisioned. As we dangerously tread forward in time, it looks more and more like the US will not be able to solve its debt problems and that political changes on a massive scale will be set in motion.

HR 1207

Yes, interest is ‘usury’. What otherwise would be the incentive to lend money? And the ‘hoarding tax’ quoted in the natural money theory is a tax on savings to force people to spend money. We already have this: it’s called inflation; we even have the president exhorting everyone to spend more. Notice how savings are disparaged as ‘hoarding’ – the practice of every socialist society is to rename every positive action with a negative term. So, naturally, savings in kind (e.g. ‘hoarding’ valuable non-spoiling goods, or, say, gold) would take place, and these goods would disappear from the market, probably causing the price to rise. Voila, instant black market. No problem, the state would then have a system of informers or would make laws to search and seize goods that were ‘hoarded’ (i.e. saved). The basis for a terror-based society is then in place; the basis of every socialist society, because socialism in any form is the antithesis of natural economics.
If you don’t want to pay interest, don’t borrow.
I will say that one aspect of the natural money theory has merit, and that is the idea of local currency, as sometimes existed in the 19th century in America, i.e. the abolishment of Central Banks and the mischief they cause – the same mischief that happens locally, but with the capability of the financial destruction of the whole nation, rather than just a local economy. And who is to say that the discount on money (i.e. interest) should be the same in Houston, Texas, where the demand for money may be high, as Detroit, where the demand for money may be low? This is the evil of a Central Bank, which is fundamentally a socialistic idea, the idea of forcing markets on everyone equally, rather than having local groups of people creating markets according to their needs.

Do you really think that this Govt (or any for that matter) have any power over the International monetary
powers! Nonsense, it’s all a dog and pony show for the ignorant masses.

Banking committee, don’t make me laugh!

If someone brought a 1/10 oz gold coin to the bank in the year 1 AD, and the money remained there until the year 2000 AD, collecting a yearly interest of 4%, the amount of gold in the account would have been 3.6 * 10^31 kilograms of gold. This is 1.9 * 10^27 cubic metres of gold weighing 317 times the complete mass of the Earth. This example demonstrates that interest on money is unsustainable and leads to crisis.

Credit and interest on money make it possible for an economy to grow above potential during a boom phase. In the boom phase investors add leverage using credit which further intensifies the boom, creating shortages of materials and labour resulting in rising prices. Interest on money entices banks to lend money to leveraged investors. Credit makes it possible to create money out of thin air, which enables the banks to fuel the boom. When the cycle turns into bust, investors start to deleverage, which intensifies the bust, creating surplusses of materials and labour resulting in falling prices. What most economists do not see, is that credit and interest on money are the root causes of economic booms and busts.

It is possible to end the depression in a few months, to have constant economic growth at maximum potential without crisis, unemployment and government intervention. You can read more about it here:

http://www.naturalmoney.org/introduction.html

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207

So the Fed has hired Enron’s lobbyist…
http://www.thenewamerican.com/economy/commentary-mainmenu-43/1202

Of course, as Jim Grant says, if the Fed were audited, it would show the bank to be in much worse shape than even CitiCorp….
http://www.cnbc.com/id/31204170/