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/