Doesn't it seem like the American people work for the banks?
I was reading this on yahoo answers, I thought it was interesting and never knew how the nations money system really worked.
Quote:
No economic slavery is capitalism.
Everyone in America must submit to labor in order to pay back the federal reserve bank.Taxes If you don't, the police come and put you in a small cage. The government borrows every dollar in circulation at interest from the Federal Reserve Bank. A private corporation. They have set up system that keep the USA in perpetual debt. Economic slavery. In a capitalist society if you do not submit to labor you will die. You will starve or freeze to death and be homeless and never get treatment if you are sick. In a socialist society these things are guaranteed to everyone regardless of any circumstances. Allot more like freedom.
Perpetual debt is economic slavery. Heres how corrupt the system is.
Lets say there is no money at all and the USA is just starting out. The government wants to build some hospitals so they borrow 1 billion from the federal reserve bank for the first time. The government now has 1 billion to circulate into the system to ensure the hospitals are built. The FED wants the government to pay back the 1 billion loan PLUS one hundred thousand to cover the interest. If there is no more than 1 billion dollars in the system, where does the 100 thousand come from to pay the interest? It doesn't exists. The government must go back to the FED and borrow more money. This is perpetual debt. It is virtually impossible to ever pay off the national debt. Savvy? This is called economic slavery ad is the whole point of Capitalism. The trick has been to keep this information from the public. Since the FED owns the media you will always be told a different story.
I went to open a savings account with a bank today, and i just noticed something...their always trying to get you to sign up for loans and credit cards. They need to so you can spend THEIR ( the banks ) money and pay it back PLUS more.
I told myself I will never use a credit card. Almost seems like slavery. Your basically working for the banks. I'd seriously rather live poor and broke than working my ass off to get a check and none of the money is mine. Working your whole life to pay off debt.
Whoever owns the Federal Reserve Bank is a filthy rich summa b***h.