Quote:
Originally Posted by theking
Well...there is...or at the least was...at least two very small towns in California...one of which use a barter system as well as U.S. currency and another town that prints its own money which is used as barter...as well as U.S. currency. Both towns do so because of lack of jobs in the community. The people manage but for the most part are very poor. I don't view it as being practical outside of a very small community that is barely managing survival.
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The problem is not the money itself (a medium of exchange). The problem is the people behind the money. They use whats called a fractional reserve system. You go deposit $100 into the bank. They hold said $100 in the bank and LOAN you back your $100 + $900to someone else and charge interest on top of that. Creating huge amounts of wealth out of thin air.. For them. That huge amount of wealth is then used to buy up all real assets. It's a gamed system.. It use to be 10% reserves. But since the "bailouts" there is no reserve.. None.. They can create money out of thin air and charge you interest for it as much as they want. In addition to all that there are many side bets/gambles made such as the derivitives. Who gets to pay for all of this? The slaves.. You, me and our children are born with a price tag on your head because of this system. Every dollar you pay into the "tax" system is put towards intrerest to the bankers created from this DEBT... NOT to pay for the governments finances.. Every dollar created is a DEBT NOTE. A DEBT created from nothing but printing money and making changes to the ledger. As of now through the bailouts this very well hidden group holds the mortgage to your house, your car, your everything.. To cover their debts to other like systems. If you miss a few payments.. Guess what you get slave? Kicked to the curb and they get 100%+++ of the money back either way. Now what do you suppose happenens when they can't make their payments? They crash markets and take whatever little wealth you might have accumulated. This is also used to kee their little scam alive and so noone makes and changes or regulations to it.. Last Thursday anyone? Financial Terrorism.