On 1/26/2011 4:19 PM, bpnjensen wrote:
[...]
Has Obama raised taxes yet? Because I can point out several instances
where he has dropped them significantly, but can think of not a single
tax increase in the last ten years (and our taxes now are the lowest
they've been overall in over half a century). Extremely stupid and
short-sighted, IMHO. That's no way to rid ourselves of the growing
debt that may ultimately sink us.




There's no need for any debt whatever (unless your goal is to enrich
the bankers).

The government can print a thousand dollar bill just as easily as it
can print a thousand dollar bond. And the bill creates no debt.


With every good wish,



Kevin Alfred Strom.
--
http://nationalvanguard.org/
http://kevinalfredstrom.com/

On 27/01/2011 8:40 AM, Kevin Alfred Strom wrote:
On 1/26/2011 4:19 PM, bpnjensen wrote:
[...]
Has Obama raised taxes yet? Because I can point out several instances
where he has dropped them significantly, but can think of not a single
tax increase in the last ten years (and our taxes now are the lowest
they've been overall in over half a century). Extremely stupid and
short-sighted, IMHO. That's no way to rid ourselves of the growing
debt that may ultimately sink us.




There's no need for any debt whatever (unless your goal is to enrich the
bankers).

The government can print a thousand dollar bill just as easily as it can
print a thousand dollar bond. And the bill creates no debt.


With every good wish,



Kevin Alfred Strom.

You obviously have little understanding of what Fort Knox is for, apart
from the protection of the gold contained therein.

The printing of a thousand dollar bill creates a debt of a thousand
dollars equally as much as the printing of a thousand dollar bond. It's
just that the debt is far too subtle for you to comprehend. It is,
nevertheless, a debt which will need to be repaid at some time in the
future.

Krypsis

On 1/27/2011 8:19 AM, Krypsis wrote:
On 27/01/2011 8:40 AM, Kevin Alfred Strom wrote:
[...]
There's no need for any debt whatever (unless your goal is to
enrich the
bankers).

The government can print a thousand dollar bill just as easily as
it can
print a thousand dollar bond. And the bill creates no debt.


With every good wish,



Kevin Alfred Strom.

You obviously have little understanding of what Fort Knox is for,
apart from the protection of the gold contained therein.

The printing of a thousand dollar bill creates a debt of a thousand
dollars equally as much as the printing of a thousand dollar bond.
It's just that the debt is far too subtle for you to comprehend. It
is, nevertheless, a debt which will need to be repaid at some time
in the future.

Krypsis





Well, I'll just ignore the personal insults, which are irrelevant.

You are wrong: The printing of a thousand dollar bill creates no
debt. Under some circumstances, it could dilute the currency's
overall value by a small percentage. But that is not a debt. And no
interest to the bankers (or any other bondholders) need be paid on it.

There was a time (almost 100 years ago now) when the government had
the power to create money; interest-free money. Now the government
has abandoned that power and granted a monopoly on money creation to
the banking system. All at interest, of course.


With every good wish,


Kevin Alfred Strom.
--
http://nationalvanguard.org/
http://kevinalfredstrom.com/

On 01/27/2011 06:06 AM, Kevin Alfred Strom wrote:


You are wrong: The printing of a thousand dollar bill creates no debt.
Under some circumstances, it could dilute the currency's overall value
by a small percentage. But that is not a debt. And no interest to the
bankers (or any other bondholders) need be paid on it.

There was a time (almost 100 years ago now) when the government had the
power to create money; interest-free money. Now the government has
abandoned that power and granted a monopoly on money creation to the
banking system. All at interest, of course.


With every good wish,


Kevin Alfred Strom.

Banks only create temporary debt. Money is forever debt.

On 1/27/2011 11:15 AM, dave wrote:
On 01/27/2011 06:06 AM, Kevin Alfred Strom wrote:


You are wrong: The printing of a thousand dollar bill creates no
debt.
Under some circumstances, it could dilute the currency's overall
value
by a small percentage. But that is not a debt. And no interest to the
bankers (or any other bondholders) need be paid on it.

There was a time (almost 100 years ago now) when the government
had the
power to create money; interest-free money. Now the government has
abandoned that power and granted a monopoly on money creation to the
banking system. All at interest, of course.


With every good wish,


Kevin Alfred Strom.

Banks only create temporary debt. Money is forever debt.



Preposterous.

If I mine three quarters of an ounce of silver and have it coined
into a dollar, no one owes me and I owe no one on account of it. It
is merely a store of value, little different from a sack of grain or
a book or a gem in that regard: no debt whatsoever.

However, the banks do create "forever debt." As soon as their
fictitious "loans" are "paid off," the same imaginary money is
instantly created and "loaned" again, with the result that the
workers end up laboring half their lives or more for the bankers and
their stockholders.



With my best,



Kevin.
--
http://nationalvanguard.org/
http://kevinalfredstrom.com/

On 11-01-27 10:07 AM, Kevin Alfred Strom wrote:

However, the banks do create "forever debt." As soon as their fictitious
"loans" are "paid off," the same imaginary money is instantly created
and "loaned" again, with the result that the workers end up laboring
half their lives or more for the bankers and their stockholders.


The sole purpose of politicians everywhere has been to put their
populations into debt. These middlemen between the money and it's
victims deserve a very special place in hell. It's feudalism all over
again, with the new twist of intermediary leeches thrown in.

I calculate that if ALL deficit spending in the US were to stop now AND
all interest on the accrued debt were to be 'forgiven' AND there are no
more tax reductions AND not a penny is spent on ANYTHING, it would take
ALL the money raised by the government for the next 25 years to pay it off.

Not one of those four items will happen. You're screwed.

On a side note:
The bankers will no doubt make war on China rather than repay the loans.
Kill the lender. Quite Shakespearian, no?



mike

On 1/27/2011 12:49 PM, m II wrote:
On 11-01-27 10:07 AM, Kevin Alfred Strom wrote:

However, the banks do create "forever debt." As soon as their
fictitious
"loans" are "paid off," the same imaginary money is instantly created
and "loaned" again, with the result that the workers end up laboring
half their lives or more for the bankers and their stockholders.


The sole purpose of politicians everywhere has been to put their
populations into debt. These middlemen between the money and it's
victims deserve a very special place in hell. It's feudalism all
over again, with the new twist of intermediary leeches thrown in.

I calculate that if ALL deficit spending in the US were to stop now
AND all interest on the accrued debt were to be 'forgiven' AND there
are no more tax reductions AND not a penny is spent on ANYTHING, it
would take ALL the money raised by the government for the next 25
years to pay it off.

Not one of those four items will happen. You're screwed.



Quite true. I would add that, to many, it has always seemed
mysterious why the banking system would foster inflation as they do,
since inflation means their "debts" will be paid back in ever more
worthless dollars. By creating inflation they appear to working
against their own interests.

But the mystery disappears when you consider that their goal is
_not_ to have their loans repaid, but simply to keep you working for
them forever -- for them to continue getting a rake-off of all
economic activity into the infinite future. Gradual inflation
doesn't matter much to them in such a game, and it greases the
wheels of the various "help the poor" sucker games that their
politician employees are always conning us with.




On a side note:
The bankers will no doubt make war on China rather than repay the
loans. Kill the lender. Quite Shakespearian, no?



mike


I don't think they'll make war on China. Their interests are
parallel, not opposed. Instead, they will coöperate with them in
managing the feeding and breeding zone of the Global Plantation that
was once called the United States of America, and extracting the
maximum possible labor from its increasingly alienated, historyless,
ignorant, disunited, and racially mixed fellaheen.

I predict that soon, an undercurrent will appear on Fox News and
other neocon outlets that will be whispering to us: "Ya know, those
Chinese really believe in working hard like us good Amurricans. They
have the spirit of free enterprise and the good ol' Protestant work
ethic -- and so do those hard workin' Mexicans who have gone legal
and support the good ol' red, white, and blue. They're jus' like us
and those hard-workin' Jewish folks too!" And the numb-nuts will
fall for it all. Glenn Beck is already promoting the works of Gavin
Menzies which claim that the Chinese really discovered America and
that the European Renaissance was really of Chinese origin. (Menzies
was paid a cool million by Beijing for writing such drivel, though
Beck, for some reason or other, failed to mention that.)

I predict that there will then be an influx of mid-level Chinese
businessmen sent to manage their new American serfs and other
properties, many of whom will eventually be "born again" and be
"washed in the blood of the lamb," since that's the best thing for
business in this country. Fox News will fawn all over them.


With all good wishes,


Kevin Alfred Strom.
--
http://nationalvanguard.org/
http://kevinalfredstrom.com/

On Jan 27, 8:15*am, dave wrote:
On 01/27/2011 06:06 AM, Kevin Alfred Strom wrote:





You are wrong: The printing of a thousand dollar bill creates no debt.
Under some circumstances, it could dilute the currency's overall value
by a small percentage. But that is not a debt. And no interest to the
bankers (or any other bondholders) need be paid on it.

There was a time (almost 100 years ago now) when the government had the
power to create money; interest-free money. Now the government has
abandoned that power and granted a monopoly on money creation to the
banking system. All at interest, of course.

With every good wish,

Kevin Alfred Strom.

- Banks only create temporary debt.
- Money is forever debt.

?So... 'Special-Dave' the Rich are Drowning in Debt !
-and- The Super Rich are Totally Under-Water ;;-}}

On Jan 27, 7:49*pm, RHF wrote:
On Jan 27, 8:15*am, dave wrote:





On 01/27/2011 06:06 AM, Kevin Alfred Strom wrote:

You are wrong: The printing of a thousand dollar bill creates no debt..
Under some circumstances, it could dilute the currency's overall value
by a small percentage. But that is not a debt. And no interest to the
bankers (or any other bondholders) need be paid on it.

There was a time (almost 100 years ago now) when the government had the
power to create money; interest-free money. Now the government has
abandoned that power and granted a monopoly on money creation to the
banking system. All at interest, of course.

With every good wish,

Kevin Alfred Strom.

- Banks only create temporary debt.
- Money is forever debt.

?So... 'Special-Dave' the Rich are Drowning in Debt !
-and- The Super Rich are Totally Under-Water ;;-}}
*.
*.- Hide quoted text -

- Show quoted text -

No wonder they adored the baloon economy of the eighties . And they
never lost ...