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National News See other National News Articles Title: My Answer To a Liberal Professor. We both See Collapse But.. Not meritocracy but the Federal Reserve system is destroying the world. 3 to 4 million Americans starved to death in the 1930s. The FED was designed at a meeting at Jekyll Island in 1910 by agents of the Rothschilds, Warburgs, Rockefellers and J P Morgan. Morgan was a business partner of the Rothschilds. The FED was copied from the existing Bank of England which the Rothschilds owned at the time and the German Central Bank which the Warburgs were running In 1694 William Paterson explained to parliament that the Bank of England hath the benefit of interest on money it created out of nothing. Under our system Americans are not allowed to have money unless either their government borrowed from the FED or they themselves borrowed money from a commercial bank. In the Great Depression, loans were canceled in either bankruptcy court or in mortgage foreclosure. The Money Supply decreased 31% from 1929 to 1933. The Depression was not allowed to end until the government decided to create money by borrowing it into circulation and forcing American taxpayers to pay interest needlessly. They could have chosen to create a non-interest bearing currency like President Lincoln's Greenbacks. If they had, there would be no national debt of $37 trillion and no annual $1.2 interest payment on that debt. The FED was designed to steadily transfer wealth from workers to Bankers. It does that very well. The first people to get the money as it is being created get to buy real assets and profit from the ensuing inflation of currency and prices. There is a lot of corruption built into this system. In the 2007-2008 crisis, The FED bought at least $7 trillion worth of fraudulent loans from the banks so Bankers would not have to go to jail with common criminals. We can estimate the severity of a Depression before it occurs by determining how many Unpayable Debts need to be canceled. We have more Unpayable Debts to cancel than anytime in the last five centuries so we can expect a more sever Depression starting this year or next than either 1933 America or 1920s Germany. We could avoid this possible future by having the Treasury take over the FED and banning fractional reserve banking so banks no longer could loan out $100 for every $10 in deposits. We then would set about canceling Unpayable Debts as fairly as possible starting with recovering assets from Bankers who made fraudulent loans. He does not mention over population tripling rents from 2000 to 2025 which has made our lives worse than our parents. Below is the video where a liberal professor in Canada makes a plausible but incorrect analysis of our present economic predicament. Poster Comment: The professor overestimates America's military strength. The US could never invade Yemen and win, forget about Iran. The US was dominant in 1991. But Putin was able to develop faster and better missiles than the US due to the heavy burden of corruption. And the US passed NAFTA in 1994 which closed 80,000 manufacturing plants in the US sending those jobs overseas. We are no longer an industrial nation. China and Russia are industrial nations. All China and Russia have to do is to distribute missiles and drones to the Third World to end America's military Empire. That and end the Dollar's dominance as the world's reserve currency. Because the US can print the world's reserve currency, it can export inflation making foreigners pay for more than 700 military bases so they are paying for their occupation. America added 190 million people to its population 1950. We were able to pay for imports by printing I Owe You Nothing Federal Reserve Notes. China, Russia, India and Iran can continue BRICS+ policy of replacing the Dollar in trade until one day, it collapses. At that point wages will permanently cut 60% or more, ending the US Empire of Debt. The above was a comment relating to this video: https://www.youtube.com/watch?v=wW7fGgfQP2U Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
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The price of gas at the expensive Shell station near the highway in Tennessee 75 miles east of Memphis rose to $2.89. The Shell station 2 miles south is $2.79. We don't have a state income tax. We have a 21 cent state excise tax on gasoline. And we pay 4.5% in sales tax on the final purchase price of the gas. By the way, the total federal debt rose $29 trillion from 2008 to today. At that rate (362%), our debt in 17 years will be more $134 trillion. If interest rates rose to 10%, that would be more than a trillion dollars a month in interest payments. The Federal Reserve system has to end. The Truth of 911 Shall Set You Free From The Lie
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