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Old 10-24-2010, 09:47 AM
 
5,346 posts, read 4,052,509 times
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Quote:
Originally Posted by Memphis1979 View Post
The bank of the United States was a bad idea. Lets not go back to that.
The "Bank of the United States" was actually the Bank of England in disguise... That's why it's charter was not renewed... It was shut down for deceptive practices......
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Old 10-24-2010, 09:47 AM
 
2,564 posts, read 1,598,786 times
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Quote:
Originally Posted by ergohead View Post
Forcing the population to use Rothchild money is fascism.

Libertarians and the Constitution do not approve the use of force for such things.

Hitler was a national socialist.
So nationalizing the banking system is ok, but nationalizing anything else is bad? It seems to me that this is cafeteria Libertarianism, that libertarians will pick and choose for themselves what is ok to NOT be in the private sector and to be federalized .
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Old 10-24-2010, 09:53 AM
 
Location: Sango, TN
24,868 posts, read 24,416,568 times
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Quote:
Originally Posted by HC475 View Post
The "Bank of the United States" was actually the Bank of England in disguise... That's why it's charter was not renewed... It was shut down for deceptive practices......
It was shut down because President Jackson didn't like the head of it.

Still, a bad idea today.
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Old 10-24-2010, 09:54 AM
 
19,226 posts, read 15,339,294 times
Reputation: 2337
Quote:
Originally Posted by HC475 View Post
Lincoln's money... "Greenbacks"... did work... Until the money changers forced the gold standard on the U.S.
There's no tangible reality to unanchored "money". Faith does not create tangible.

Congress shall have the power:

"To borrow money on the credit of the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

No state shall coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts,"

Some things should be left to the People.

Free Lakota Bank

"The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people."
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Old 10-24-2010, 09:57 AM
 
5,346 posts, read 4,052,509 times
Reputation: 545
Quote:
Originally Posted by Memphis1979 View Post
It was shut down because President Jackson didn't like the head of it.

Still, a bad idea today.
President Andrew Jackson... prevented it's charter renewal because the bank was controlling the availability of U.S. money...

The bank... controlled by the Bank of England was creating recessions by denying the people credit...

Just like Banks are doing now...
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Old 10-24-2010, 10:02 AM
 
5,346 posts, read 4,052,509 times
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Quote:
Originally Posted by ergohead View Post
Congress shall have the power:

To borrow money on the credit of the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

No state shall coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts,

Some things should be left to the People.

Free Lakota Bank

"The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people."
The silver standard also did work... but the silver standard was demonitized in 1873... Called "The Crime of 73"...
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Old 10-24-2010, 10:05 AM
 
19,226 posts, read 15,339,294 times
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Quote:
Originally Posted by HC475 View Post
Lincoln's money... "Greenbacks"... did work... Until the money changers forced the gold standard on the U.S.
"Greenbacks" were backed by lead.

"Lead poisoning occurs when lead builds up in the body, often over a period of months or years. Even small amounts of lead can cause serious health problems. Children under the age of 6 are especially vulnerable to lead poisoning, which can severely affect mental and physical development. At very high levels, lead poisoning can be fatal."

Lead poisoning - MayoClinic.com
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Old 10-24-2010, 10:05 AM
 
Location: Sango, TN
24,868 posts, read 24,416,568 times
Reputation: 8672
Quote:
Originally Posted by HC475 View Post
President Andrew Jackson... prevented it's charter renewal because the bank was controlling the availability of U.S. money...

The bank... controlled by the Bank of England was creating recessions by denying the people credit...

Just like Banks are doing now...
But they have good reasoning for not giving credit easily. Prices are dropping in the housing market, so why grant a loan to someone for a house that may lose value next year?

Granted, they made bad business and banking decisions up to now, but as of late they have been doing better.

Normally the government would lower interest rates to increase credit flow, but they are at 0. Which is why they are talking about buying loans from banks, and keeping houses off the market to artificially stimulate the housing market, easing credit.

I disagree with this though. What we have done is made the economic problems smaller, but more drawn out. I'm for letting the bottom fall out, then letting the market grow quicker.
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Old 10-24-2010, 10:13 AM
 
19,226 posts, read 15,339,294 times
Reputation: 2337
Quote:
Originally Posted by aspiesmom View Post
So nationalizing the banking system is ok, but nationalizing anything else is bad? It seems to me that this is cafeteria Libertarianism, that libertarians will pick and choose for themselves what is ok to NOT be in the private sector and to be federalized .
Libertarianism is all about the proper use of force.

If you are being forced into a sex act, the forcer needs to be nationalized.

Locked up, that is!

Institutionalized.

Socialized.

The Federal Reserve should be arrested and detained.

Maybe even skateboarded!
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Old 10-24-2010, 12:14 PM
 
5,346 posts, read 4,052,509 times
Reputation: 545
Quote:
Originally Posted by ergohead View Post
"Greenbacks" were backed by lead.

"Lead poisoning occurs when lead builds up in the body, often over a period of months or years. Even small amounts of lead can cause serious health problems. Children under the age of 6 are especially vulnerable to lead poisoning, which can severely affect mental and physical development. At very high levels, lead poisoning can be fatal."

Lead poisoning - MayoClinic.com
So what are you saying?... Somebody's about to get shot?... Do tell...
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