bill still: the case for debt free currency
TRANSCRIPT
The Case For Debt-Free Currency
Monetary Reform
Take control of the QUANTITY of money back to we, the people.
- European Union- The biggest banks
The Money Power is THE most important power of a nation.
Is self-governance sustainable?
1. Struggle to remain Free
2. Revert to the law of the jungle.
PLUTOCRACY
PLUTOCRACY
Not in the public interest
Do the most good for the most people.
Sink back into the Dark Ages.
Escape slavery by forming government.
“of the people”
- Be fair- Treat everyone equally- A chance to succeed- Operate in the public interest
PlutocracyNot
Democracy
“It matters not what backs the money; all that matters is who controls
the quantity.”
“The Beast of Brussels”
More loansor
More austerity
Fractional Reserve Lending
Banks get to lend 12 x the money they actually have.-- and charge interest
Austerity
Austerity- Raise GDP
Austerity- Raise GDP- Encourage productivity
Austerity- Raise GDP- Encourage productivity- Encourage dependency
Austerity- Raise GDP- Encourage productivity- Encourage dependency- Encourage manufacturing
Austerity- Raise GDP- Encourage productivity- Encourage dependency- Encourage manufacturing
Austerity- Raise GDP- Encourage productivity- Encourage dependency- Encourage manufacturing
”The rich will strive to establish their dominion and enslave the rest. They always did. They always will.... They will have the same effect here as elsewhere, if we do not, by [the power of] government, keep them in their proper spheres.”
The Anti-Federalist Papers and the Constitutional Convention Debates, Ralph Ketcham, ed. (New York, NY, Penguin Group, Signet Classic, 2003), p. 107.
“The treasury, lacking confidence in the country, delivered itself bound hand and foot to bold and bankrupt … bankers pretending to have money, whom it could have crushed at any moment.”• Thomas Jefferson, October 1815 letter to Gallatin. Letters and Addresses, edit. William Parker,
(New York: 1905).
MONEY QUIZ
3. So if the government does not create the money, who does? Before Quantative Easing started, did the Fed create the money?
-- YES-- NO
“As the doctrine is that a public debt is a public blessing, so they think a perpetual one is a perpetual blessing, and therefore wish to make it so large that we can never pay it off.”The Jeffersonian Cyclopedia. Edited by John p. Foley, (New York & London, Funk & Wagnalls Company, 1900), p. 236; citing “To Nicholas Lewis. iii, 348. Ford ED, v. 505. (Pa., April 1792)
MONEY QUIZ
4. Before QE WHO did create the money?
Monetary ReformN
o M
ore
Nati
onal
Deb
t
End
Frac
tiona
l Res
erve
MONEY QUIZ
6. Can the National Debt be paid off?-- YES-- NO