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	<title>Comments on: They&#8217;re Going to Kill the Fed</title>
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		<title>By: jennifer chen</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-12608</link>
		<dc:creator>jennifer chen</dc:creator>
		<pubDate>Sun, 09 Jan 2011 15:57:57 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-12608</guid>
		<description>what is evil-is temporary and has no future, what is evil becomes controlled by satan-satan has only one power-the power to destroy what once was evil. All the rich are about to be destroyed-they believe in evil (iniquity) as good thing-in May 2010-saturn and Jupiter ended a cycle-they opposed-the cycle of evil growing in evil(iniquity) now the rich will reap the seeds they have sown-all will be reversed-what you did to others-(hoarding wealth you can never use while endless millions people starved and became enslaved and imprisoned globally)-what you thought was so good is now yours to experience-even then you will not see how evil you are or change-and satan-the god you created in your own selfish image-feeling so superior to those you trampled upon) will have you forever to destroy until you are gone-completely. The entire system will be turned upside down-a new cycle has begun-we will see the the formerly abject poor make the same evil mistakes as the rich who abandoned and abused them did. the tables always turn but people never learn-not to do the same evil that was done to them to others-they just bask in greed and feel like they have super powers-The rich and the poor endlessly change places-in circles going nowhere-evil and insanity are synonymous. Where are good people on earth? Who among you has a conscience? Who among you would not go against that conscience in order to obtain money. You all destroy the only thing of value you have-your soul/conscience and connection to God-for something with a false-made up pretend value-money the root of all evil-you cannot continue going in circles-evil is eventually destroyed-satn rules this world and for just such a purpose-to finally dispose of all evil.</description>
		<content:encoded><![CDATA[<p>what is evil-is temporary and has no future, what is evil becomes controlled by satan-satan has only one power-the power to destroy what once was evil. All the rich are about to be destroyed-they believe in evil (iniquity) as good thing-in May 2010-saturn and Jupiter ended a cycle-they opposed-the cycle of evil growing in evil(iniquity) now the rich will reap the seeds they have sown-all will be reversed-what you did to others-(hoarding wealth you can never use while endless millions people starved and became enslaved and imprisoned globally)-what you thought was so good is now yours to experience-even then you will not see how evil you are or change-and satan-the god you created in your own selfish image-feeling so superior to those you trampled upon) will have you forever to destroy until you are gone-completely. The entire system will be turned upside down-a new cycle has begun-we will see the the formerly abject poor make the same evil mistakes as the rich who abandoned and abused them did. the tables always turn but people never learn-not to do the same evil that was done to them to others-they just bask in greed and feel like they have super powers-The rich and the poor endlessly change places-in circles going nowhere-evil and insanity are synonymous. Where are good people on earth? Who among you has a conscience? Who among you would not go against that conscience in order to obtain money. You all destroy the only thing of value you have-your soul/conscience and connection to God-for something with a false-made up pretend value-money the root of all evil-you cannot continue going in circles-evil is eventually destroyed-satn rules this world and for just such a purpose-to finally dispose of all evil.</p>
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	<item>
		<title>By: Rightwing Links (August 12, 2010)</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-8201</link>
		<dc:creator>Rightwing Links (August 12, 2010)</dc:creator>
		<pubDate>Thu, 12 Aug 2010 23:54:09 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-8201</guid>
		<description>[...] They&#039;re Going to Kill the Fed Despotism can be a development, often a late development and very often indeed the end of societies that have been highly democratic. A despotism may almost be defined as a tired democracy. -- G. K. [Gilbert Keith] Chesterton [...]</description>
		<content:encoded><![CDATA[<p>[...] They&#039;re Going to Kill the Fed Despotism can be a development, often a late development and very often indeed the end of societies that have been highly democratic. A despotism may almost be defined as a tired democracy. &#8212; G. K. [Gilbert Keith] Chesterton [...]</p>
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		<title>By: MickeyG</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-5346</link>
		<dc:creator>MickeyG</dc:creator>
		<pubDate>Tue, 02 Feb 2010 03:35:41 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-5346</guid>
		<description>Has any of the players stopped to think what the reaction will be from the most armed populace in the world?  Ending the fed is great, but stealing trillions from a very armed populace is suicide.   The fed is buying up toxic assets yes, with what?  Freshly printed fiat currency.  If the toxic assets have ANY value, the fed comes out ahead.  The citizens and taxpayers get screwed, but in a way that is a lot less in your face as a 1:3, say goodbye to your life&#039;s savings and work, new currency trade.  American&#039;s in general are idiots, but inflation seems a much more &quot;lively&quot;  way to screw the people.  I think this crisis have more to do with preserving the dollar as reserve currency (opposed to the Euro), than destroying it.</description>
		<content:encoded><![CDATA[<p>Has any of the players stopped to think what the reaction will be from the most armed populace in the world?  Ending the fed is great, but stealing trillions from a very armed populace is suicide.   The fed is buying up toxic assets yes, with what?  Freshly printed fiat currency.  If the toxic assets have ANY value, the fed comes out ahead.  The citizens and taxpayers get screwed, but in a way that is a lot less in your face as a 1:3, say goodbye to your life&#8217;s savings and work, new currency trade.  American&#8217;s in general are idiots, but inflation seems a much more &#8220;lively&#8221;  way to screw the people.  I think this crisis have more to do with preserving the dollar as reserve currency (opposed to the Euro), than destroying it.</p>
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		<title>By: Alex</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-4834</link>
		<dc:creator>Alex</dc:creator>
		<pubDate>Fri, 01 Jan 2010 08:15:54 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-4834</guid>
		<description>Gidday Linda,  I would like to elaborate on the Canadian Mint story if I may.
The addy below should get information on the lost booty &quot;:O)  This originally came from GATA.

http://www.ottawacitizen.com/business/Royal+Canadian+Mint+reveals+lost+track+fortune+gold/2367305/story.html

To answer your question We have no goats or chickens yet. We are located in a large city with a few thousand litres of tank water, solar hot water heating and are soon to connect about 3Kw of solar PV cells. I don&#039;t wish to fool about with batteries so I am considering buying a generator big enough to run long enough each day to keep a freezer going.   A few chooks and a small market garden and that&#039;s about it.

My partner is a medical specialist and is a city girl at heart so it looks like our impenetrable bunker will
have to be in,  and stay in, the inner city suburbs. She has a useful trade... Me I&#039;m a retired techo and I  tinker.
We have an excellent workshop too.

In all seriousness when the crap finally hits the rotating device I think  the best place to make a stand might be New Zealand.  Rural, lots of clean water, 20 million sheep and its one of the most beautiful places on earth.
Love that roast lamb, baked potato&#039;s and vegtables &quot;:O)      They even speak English!  

I also like the fact that the moat between Indonesia and South Irian (OZ) and NZ is substantial.  Perhaps if the worst comes to the worst the Aussie Navy and Air Force could assist a strategic withdrawal to the North Island and stand up to all comers.....(they don&#039;t get many boat people in Auckland).

Cheers  Alex

ps  I read he is NOT a nice guy but.... just out of interest Hal Turner claims 800 Billion Ameros have already been shipped to China.  He even shows a $20 Amero coin.........refer to  Google Hal Turner&#039;s blog July 30 2008.</description>
		<content:encoded><![CDATA[<p>Gidday Linda,  I would like to elaborate on the Canadian Mint story if I may.<br />
The addy below should get information on the lost booty &#8220;:O)  This originally came from GATA.</p>
<p><a href="http://www.ottawacitizen.com/business/Royal+Canadian+Mint+reveals+lost+track+fortune+gold/2367305/story.html" rel="nofollow">http://www.ottawacitizen.com/b.....story.html</a></p>
<p>To answer your question We have no goats or chickens yet. We are located in a large city with a few thousand litres of tank water, solar hot water heating and are soon to connect about 3Kw of solar PV cells. I don&#8217;t wish to fool about with batteries so I am considering buying a generator big enough to run long enough each day to keep a freezer going.   A few chooks and a small market garden and that&#8217;s about it.</p>
<p>My partner is a medical specialist and is a city girl at heart so it looks like our impenetrable bunker will<br />
have to be in,  and stay in, the inner city suburbs. She has a useful trade&#8230; Me I&#8217;m a retired techo and I  tinker.<br />
We have an excellent workshop too.</p>
<p>In all seriousness when the crap finally hits the rotating device I think  the best place to make a stand might be New Zealand.  Rural, lots of clean water, 20 million sheep and its one of the most beautiful places on earth.<br />
Love that roast lamb, baked potato&#8217;s and vegtables &#8220;:O)      They even speak English!  </p>
<p>I also like the fact that the moat between Indonesia and South Irian (OZ) and NZ is substantial.  Perhaps if the worst comes to the worst the Aussie Navy and Air Force could assist a strategic withdrawal to the North Island and stand up to all comers&#8230;..(they don&#8217;t get many boat people in Auckland).</p>
<p>Cheers  Alex</p>
<p>ps  I read he is NOT a nice guy but&#8230;. just out of interest Hal Turner claims 800 Billion Ameros have already been shipped to China.  He even shows a $20 Amero coin&#8230;&#8230;&#8230;refer to  Google Hal Turner&#8217;s blog July 30 2008.</p>
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		<title>By: Cowhide Rug</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-4736</link>
		<dc:creator>Cowhide Rug</dc:creator>
		<pubDate>Fri, 25 Dec 2009 10:04:59 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-4736</guid>
		<description>Very good information.</description>
		<content:encoded><![CDATA[<p>Very good information.</p>
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		<title>By: Wm R. Cohen, M.D.</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-4727</link>
		<dc:creator>Wm R. Cohen, M.D.</dc:creator>
		<pubDate>Thu, 24 Dec 2009 02:26:02 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-4727</guid>
		<description>It wasn&#039;t Congress which gathered supporters for HR 1207, Ron Paul&#039;s The Federal Reserve Transparency Act of 2009, rather it was members of Ron Paul&#039;s Campaign For LIberty who bombarded their Congressmen to encourage them to cosponsor the bill. There are now 317 congressional cosponsors thanks to the grassroots effort. We want to know where the trillions of dollars Bernanke printed up went! 

A more basic question we have is just where in the Constitution is there authorization for the existence of a central bank to begin with. We know that Alexander Hamilton was in favor of a strong central government as opposed to Thomas Jefferson who was individualistically oriented and wanted folks to be as free as possible. Hamilton started the first central bank which inflated and was abolished by Jefferson. A second central bank was abolished by Andrew Jackson who had unkind things to say about those who inflated the currency thus debasing it. 

In Article 1 Section 10 States are to hold only gold and silver coin as legal tender. Legal tender laws compelled us to accept the government&#039;s fiat paper as if it were backed by gold or silver even though it is no longer redeemable. 

If you want to have reason to believe that this will all be put right someday in the foreseeable future join us at the Campaign For Liberty. I joined in August 08 when there were 6,000 members and now there are over 225,000 after more than five doublings and redoublings in the last year. At that rate of growth there just might be millions soon in time for the elections.

www.campaignforliberty.com</description>
		<content:encoded><![CDATA[<p>It wasn&#8217;t Congress which gathered supporters for HR 1207, Ron Paul&#8217;s The Federal Reserve Transparency Act of 2009, rather it was members of Ron Paul&#8217;s Campaign For LIberty who bombarded their Congressmen to encourage them to cosponsor the bill. There are now 317 congressional cosponsors thanks to the grassroots effort. We want to know where the trillions of dollars Bernanke printed up went! </p>
<p>A more basic question we have is just where in the Constitution is there authorization for the existence of a central bank to begin with. We know that Alexander Hamilton was in favor of a strong central government as opposed to Thomas Jefferson who was individualistically oriented and wanted folks to be as free as possible. Hamilton started the first central bank which inflated and was abolished by Jefferson. A second central bank was abolished by Andrew Jackson who had unkind things to say about those who inflated the currency thus debasing it. </p>
<p>In Article 1 Section 10 States are to hold only gold and silver coin as legal tender. Legal tender laws compelled us to accept the government&#8217;s fiat paper as if it were backed by gold or silver even though it is no longer redeemable. </p>
<p>If you want to have reason to believe that this will all be put right someday in the foreseeable future join us at the Campaign For Liberty. I joined in August 08 when there were 6,000 members and now there are over 225,000 after more than five doublings and redoublings in the last year. At that rate of growth there just might be millions soon in time for the elections.</p>
<p><a href="http://www.campaignforliberty.com" rel="nofollow">http://www.campaignforliberty.com</a></p>
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		<title>By: Linda Brady Traynham</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-4562</link>
		<dc:creator>Linda Brady Traynham</dc:creator>
		<pubDate>Mon, 14 Dec 2009 05:46:38 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-4562</guid>
		<description>Great post, Alex.  My original answer to you isn&#039;t up so I guess it is caught in the spam filter and will be released tomorrow.  I understand Richard Daughty is ill, not in trouble with any powers that be,   Thanks for writing, and do it again, please.  Linda</description>
		<content:encoded><![CDATA[<p>Great post, Alex.  My original answer to you isn&#8217;t up so I guess it is caught in the spam filter and will be released tomorrow.  I understand Richard Daughty is ill, not in trouble with any powers that be,   Thanks for writing, and do it again, please.  Linda</p>
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		<title>By: Myron Martin</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-4556</link>
		<dc:creator>Myron Martin</dc:creator>
		<pubDate>Sat, 12 Dec 2009 23:57:00 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-4556</guid>
		<description>Linda famously says: &quot;One of my favorite beliefs is that nothing is to hard for any of us to understand, IF it is explained properly.&quot; I concur and nowhere is that more true than in the case of banking where people have been so brainwashed they actually believe bankers lies that they loan out only about 90% of deposits, keeping 10% as a reserve which is a blatant and deliberate LIE designed to deceive the gullible!

 We all know that bankers and politicians LIE, but mathematics does not, 2+2 will ALWAYS be four! That being said I have also found that even those decrying fractional reserve banking and fiat currency have FAILED to explain the operation in adequate terms to a degree that the average uninitiated person can understand and comprehend. Here then is my effort to do so and maybe it needs further refining, but hopefully will contribute to the store of knowledge of those seeking TRUTH uninhibited by any personal agenda.

FRACTIONAL RESERVE BANKING DILEMMA;  Monday, December 7, 2009 5:40 PM

 The  &quot;establishments&quot; position, (politicians and bankers), is basically that &quot;gold is a barbarous relic&quot; and has no place in a modern economy or monetary system!

I would agree IF greed were not a part of basic universal human nature and ALL politicians and bankers were scrupulously honest and always acted in the best interests of the citizens of the nation they serve. 

HOWEVER, the above being far from reality we NEED &quot;checks and balances&quot; that PREVENT excess money creation, a function that a gold standard performed quite admirably over the centuries because it can not be created by fiat and has had intrinsic value (preserving purchasing power) for 6000 years at least.

Ideally our money supply should be &quot;equal to and determined by the production of the country&quot; and brought into existence as a CREDIT instead of a DEBT as at present.

HOW and WHY as a  credit you might ask: simple explanation, view a country as a corporation and its citizens as shareholders OWNING the natural resources of the country from which, with ADDED HUMAN LABOR all true wealth eventually comes. 

WHY should we pay perpetual INTEREST to a group of self appointed bankers who connived to create a MONOPOLY (supposedly illegal) that effectively gives them a perpetual share of all the wealth created by the labor of all human beings for nothing more than printing numbers on pretty pieces of paper?

With that as a working hypothesis we can then postulate that &quot;anything that is physically possible, and desirable, (for the benefit if humanity) CAN and should be made financially possible&quot; which generates a logical question! If we have the necessary natural resources and skilled human beings willing and able to work to turn them into ANYTHING that is of benefit to society, WHY should there EVER be a question of affordability (lack of money)?

What is it that makes a dollar bill good? ANSWER by the establishment would be confidence in the backing of the government as representative of all the people! In REALTY however, what the bankers rely on is the TAXING POWER of GOVERNMENT, and their Internal Revenue Service to ENFORCE the collection of their INTEREST through the Income Tax Act!  Given the PERFORMANCE of the U.S. government in particular over the past decades, only a FOOL would have any confidence left in government or bankers, given the absolute MESS they have combined to make of our economy, the more logical conclusion being that our present system is a &quot;CON GAME&quot; from the get go!

What happened in 1913 is that the International Bankers conned the politicians through subterfuge and trickery into passing the Federal Reserve Act that gave THEM the power to create our money supply in a way that has ENSLAVED the entire world through interest that ACCUMULATES as DEBT at all levels of society, from the individual, then multiple levels of government as well as layers of corporations. 

Governments and corporations do NOT pay the interest, ultimately it is passed on to the individual taxpayers in the form of taxes and the price of the goods and services we must buy! We end up PAYING IT ALL as an ever increasing debt load FAR exceeds any possible increase in income for the majority of workers. Witness the fact that my father worked a factory job for as little as 25c an hour, bought a car and a house and raised a family on that one income where many people now have difficulty living on TWO incomes along with all the social consequences of mother no longer being home to take care of the family.

The one FACT that politicians and bankers evidently do not get, (basically just being deceived pawns in the game) is that a DEBT based interest bearing system MUST like any pyramid scheme, eventually SELF-DESTRUCT, as it is now doing!

 WHY YOU ASK, because &quot;every bank loan is a new creation of money and when it is paid back it ceases to exist&quot; testimony of Graham Towers Governor  of the Bank of Canada before a Commons Committee in 1939! This means that the more loans that are made AT INTEREST, using a 25yr amortized mortgage as an example, as much as DOUBLE the amount of money is taken out of the system (CANCELLED) as was originally created. 

What this means on a practical level is there must be an EXPONENTIALLY increasing number of new loans to allow an economy to function with sufficient specie in circulation to 1) pay the interest demanded by the total debt pyramid that keeps growing at all levels, and 2) sufficient to also continue to conduct all necessary commerce in an expanding economy! If you think about this deeply enough there is only one logical conclusion, the Federal Reserve Act was either by accident or design the mother of all Ponzi schemes.

Check the dictionary definition of a &quot;Ponzi scheme&quot; and then reread the FACTS presented until you &quot;GET IT&quot;! Our fiat currency, fractional reserve banking system is imploding because there is no other mathematical possibility. No amount of pump priming, stimulus packages, slight of hand accounting, government intervention, lies and coercion to &quot;borrow and spend&quot; can SAVE a badly flawed system. The problem is STRUCTURAL and must be changed to produce an HONEST non-manipulative monetary system people CAN TRUST and believe in.

Even with the current effectively ZERO interest rates the collective levels of debt can no longer be serviced, let alone the total debts ever being paid off in the lifetimes of our children or even grandchildren! The consequences of CONTINUING such a flawed and enslaving system is the complete breakdown of our civilization into utter chaos and probable dictatorship

MY BEST TO YOU, MYRON</description>
		<content:encoded><![CDATA[<p>Linda famously says: &#8220;One of my favorite beliefs is that nothing is to hard for any of us to understand, IF it is explained properly.&#8221; I concur and nowhere is that more true than in the case of banking where people have been so brainwashed they actually believe bankers lies that they loan out only about 90% of deposits, keeping 10% as a reserve which is a blatant and deliberate LIE designed to deceive the gullible!</p>
<p> We all know that bankers and politicians LIE, but mathematics does not, 2+2 will ALWAYS be four! That being said I have also found that even those decrying fractional reserve banking and fiat currency have FAILED to explain the operation in adequate terms to a degree that the average uninitiated person can understand and comprehend. Here then is my effort to do so and maybe it needs further refining, but hopefully will contribute to the store of knowledge of those seeking TRUTH uninhibited by any personal agenda.</p>
<p>FRACTIONAL RESERVE BANKING DILEMMA;  Monday, December 7, 2009 5:40 PM</p>
<p> The  &#8220;establishments&#8221; position, (politicians and bankers), is basically that &#8220;gold is a barbarous relic&#8221; and has no place in a modern economy or monetary system!</p>
<p>I would agree IF greed were not a part of basic universal human nature and ALL politicians and bankers were scrupulously honest and always acted in the best interests of the citizens of the nation they serve. </p>
<p>HOWEVER, the above being far from reality we NEED &#8220;checks and balances&#8221; that PREVENT excess money creation, a function that a gold standard performed quite admirably over the centuries because it can not be created by fiat and has had intrinsic value (preserving purchasing power) for 6000 years at least.</p>
<p>Ideally our money supply should be &#8220;equal to and determined by the production of the country&#8221; and brought into existence as a CREDIT instead of a DEBT as at present.</p>
<p>HOW and WHY as a  credit you might ask: simple explanation, view a country as a corporation and its citizens as shareholders OWNING the natural resources of the country from which, with ADDED HUMAN LABOR all true wealth eventually comes. </p>
<p>WHY should we pay perpetual INTEREST to a group of self appointed bankers who connived to create a MONOPOLY (supposedly illegal) that effectively gives them a perpetual share of all the wealth created by the labor of all human beings for nothing more than printing numbers on pretty pieces of paper?</p>
<p>With that as a working hypothesis we can then postulate that &#8220;anything that is physically possible, and desirable, (for the benefit if humanity) CAN and should be made financially possible&#8221; which generates a logical question! If we have the necessary natural resources and skilled human beings willing and able to work to turn them into ANYTHING that is of benefit to society, WHY should there EVER be a question of affordability (lack of money)?</p>
<p>What is it that makes a dollar bill good? ANSWER by the establishment would be confidence in the backing of the government as representative of all the people! In REALTY however, what the bankers rely on is the TAXING POWER of GOVERNMENT, and their Internal Revenue Service to ENFORCE the collection of their INTEREST through the Income Tax Act!  Given the PERFORMANCE of the U.S. government in particular over the past decades, only a FOOL would have any confidence left in government or bankers, given the absolute MESS they have combined to make of our economy, the more logical conclusion being that our present system is a &#8220;CON GAME&#8221; from the get go!</p>
<p>What happened in 1913 is that the International Bankers conned the politicians through subterfuge and trickery into passing the Federal Reserve Act that gave THEM the power to create our money supply in a way that has ENSLAVED the entire world through interest that ACCUMULATES as DEBT at all levels of society, from the individual, then multiple levels of government as well as layers of corporations. </p>
<p>Governments and corporations do NOT pay the interest, ultimately it is passed on to the individual taxpayers in the form of taxes and the price of the goods and services we must buy! We end up PAYING IT ALL as an ever increasing debt load FAR exceeds any possible increase in income for the majority of workers. Witness the fact that my father worked a factory job for as little as 25c an hour, bought a car and a house and raised a family on that one income where many people now have difficulty living on TWO incomes along with all the social consequences of mother no longer being home to take care of the family.</p>
<p>The one FACT that politicians and bankers evidently do not get, (basically just being deceived pawns in the game) is that a DEBT based interest bearing system MUST like any pyramid scheme, eventually SELF-DESTRUCT, as it is now doing!</p>
<p> WHY YOU ASK, because &#8220;every bank loan is a new creation of money and when it is paid back it ceases to exist&#8221; testimony of Graham Towers Governor  of the Bank of Canada before a Commons Committee in 1939! This means that the more loans that are made AT INTEREST, using a 25yr amortized mortgage as an example, as much as DOUBLE the amount of money is taken out of the system (CANCELLED) as was originally created. </p>
<p>What this means on a practical level is there must be an EXPONENTIALLY increasing number of new loans to allow an economy to function with sufficient specie in circulation to 1) pay the interest demanded by the total debt pyramid that keeps growing at all levels, and 2) sufficient to also continue to conduct all necessary commerce in an expanding economy! If you think about this deeply enough there is only one logical conclusion, the Federal Reserve Act was either by accident or design the mother of all Ponzi schemes.</p>
<p>Check the dictionary definition of a &#8220;Ponzi scheme&#8221; and then reread the FACTS presented until you &#8220;GET IT&#8221;! Our fiat currency, fractional reserve banking system is imploding because there is no other mathematical possibility. No amount of pump priming, stimulus packages, slight of hand accounting, government intervention, lies and coercion to &#8220;borrow and spend&#8221; can SAVE a badly flawed system. The problem is STRUCTURAL and must be changed to produce an HONEST non-manipulative monetary system people CAN TRUST and believe in.</p>
<p>Even with the current effectively ZERO interest rates the collective levels of debt can no longer be serviced, let alone the total debts ever being paid off in the lifetimes of our children or even grandchildren! The consequences of CONTINUING such a flawed and enslaving system is the complete breakdown of our civilization into utter chaos and probable dictatorship</p>
<p>MY BEST TO YOU, MYRON</p>
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		<title>By: Myron Martin</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-4553</link>
		<dc:creator>Myron Martin</dc:creator>
		<pubDate>Sat, 12 Dec 2009 23:36:50 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-4553</guid>
		<description>Linda famously says: &quot;One of my favorite beliefs is that nothing is to hard for any of us to understand, IF it is explained properly.&quot; I concur and nowhere is that more true than in the case of banking where people have been so brainwashed they actually believe bankers lies that they loan out only about 90% of deposits, keeping 10% as a reserve which is a blatant and deliberate LIE designed to deceive the gullible!

 We all know that bankers and politicians LIE, but mathematics does not, 2+2 will ALWAYS be four! That being said I have also found that even those decrying fractional reserve banking and fiat currency have FAILED to explain the operation in adequate terms to a degree that the average uninitiated person can understand and comprehend. Here then is my effort to do so and maybe it needs further refining, but hopefully will contribute to the store of knowledge of those seeking TRUTH uninhibited by any personal agenda.


FRACTIONAL RESERVE BANKING DILEMMA Monday, December 7, 2009 5:40 PM

 The  &quot;establishments&quot; position, (politicians and bankers), is basically that &quot;gold is a barbarous relic&quot; and has no place in a modern economy or monetary system!

I would agree IF greed were not a part of basic universal human nature and ALL politicians and bankers were scrupulously honest and always acted in the best interests of the citizens of the nation they serve. 

HOWEVER, the above being far from reality we NEED &quot;checks and balances&quot; that PREVENT excess money creation, a function that a gold standard performed quite admirably over the centuries because it can not be created by fiat and has had intrinsic value (preserving purchasing power) for 6000 years at least.

Ideally our money supply should be &quot;equal to and determined by the production of the country&quot; and brought into existence as a CREDIT instead of a DEBT as at present.

HOW and WHY as a  credit you might ask: simple explanation, view a country as a corporation and its citizens as shareholders OWNING the natural resources of the country from which, with ADDED HUMAN LABOR all true wealth eventually comes. 

WHY should we pay perpetual INTEREST to a group of self appointed bankers who connived to create a MONOPOLY (supposedly illegal) that effectively gives them a perpetual share of all the wealth created by the labor of all human beings for nothing more than printing numbers on pretty pieces of paper?

With that as a working hypothesis we can then postulate that &quot;anything that is physically possible, and desirable, (for the benefit if humanity) CAN and should be made financially possible&quot; which generates a logical question! If we have the necessary natural resources and skilled human beings willing and able to work to turn them into ANYTHING that is of benefit to society, WHY should there EVER be a question of affordability (lack of money)?

What is it that makes a dollar bill good? ANSWER by the establishment would be confidence in the backing of the government as representative of all the people! In REALTY however, what the bankers rely on is the TAXING POWER of GOVERNMENT, and their Internal Revenue Service to ENFORCE the collection of their INTEREST through the Income Tax Act!  Given the PERFORMANCE of the U.S. government in particular over the past decades, only a FOOL would have any confidence left in government or bankers, given the absolute MESS they have combined to make of our economy, the more logical conclusion being that our present system is a &quot;CON GAME&quot; from the get go!

What happened in 1913 is that the International Bankers conned the politicians through subterfuge and trickery into passing the Federal Reserve Act that gave THEM the power to create our money supply in a way that has ENSLAVED the entire world through interest that ACCUMULATES as DEBT at all levels of society, from the individual, then multiple levels of government as well as layers of corporations. 

Governments and corporations do NOT pay the interest, ultimately it is passed on to the individual taxpayers in the form of taxes and the price of the goods and services we must buy! We end up PAYING IT ALL as an ever increasing debt load FAR exceeds any possible increase in income for the majority of workers. Witness the fact that my father worked a factory job for as little as 25c an hour, bought a car and a house and raised a family on that one income where many people now have difficulty living on TWO incomes along with all the social consequences of mother no longer being home to take care of the family.

The one FACT that politicians and bankers evidently do not get, (basically just being deceived pawns in the game) is that a DEBT based interest bearing system MUST like any pyramid scheme, eventually SELF-DESTRUCT, as it is now doing!

 WHY YOU ASK, because &quot;every bank loan is a new creation of money and when it is paid back it ceases to exist&quot; testimony of Graham Towers Governor  of the Bank of Canada before a Commons Committee in 1939! This means that the more loans that are made AT INTEREST, using a 25yr amortized mortgage as an example, as much as DOUBLE the amount of money is taken out of the system (CANCELLED) as was originally created. 

What this means on a practical level is there must be an EXPONENTIALLY increasing number of new loans to allow an economy to function with sufficient specie in circulation to 1) pay the interest demanded by the total debt pyramid that keeps growing at all levels, and 2) sufficient to also continue to conduct all necessary commerce in an expanding economy! If you think about this deeply enough there is only one logical conclusion, the Federal Reserve Act was either by accident or design the mother of all Ponzi schemes.

Check the dictionary definition of a &quot;Ponzi scheme&quot; and then reread the FACTS presented until you &quot;GET IT&quot;! Our fiat currency, fractional reserve banking system is imploding because there is no other mathematical possibility. No amount of pump priming, stimulus packages, slight of hand accounting, government intervention, lies and coercion to &quot;borrow and spend&quot; can SAVE a badly flawed system. The problem is STRUCTURAL and must be changed to produce an HONEST non-manipulative monetary system people CAN TRUST and believe in.

Even with the current effectively ZERO interest rates the collective levels of debt can no longer be serviced, let alone the total debts ever being paid off in the lifetimes of our children or even grandchildren! The consequences of CONTINUING such a flawed and enslaving system is the complete breakdown of our civilization into utter chaos and probable dictatorship

MY BEST TO YOU, MYRON</description>
		<content:encoded><![CDATA[<p>Linda famously says: &#8220;One of my favorite beliefs is that nothing is to hard for any of us to understand, IF it is explained properly.&#8221; I concur and nowhere is that more true than in the case of banking where people have been so brainwashed they actually believe bankers lies that they loan out only about 90% of deposits, keeping 10% as a reserve which is a blatant and deliberate LIE designed to deceive the gullible!</p>
<p> We all know that bankers and politicians LIE, but mathematics does not, 2+2 will ALWAYS be four! That being said I have also found that even those decrying fractional reserve banking and fiat currency have FAILED to explain the operation in adequate terms to a degree that the average uninitiated person can understand and comprehend. Here then is my effort to do so and maybe it needs further refining, but hopefully will contribute to the store of knowledge of those seeking TRUTH uninhibited by any personal agenda.</p>
<p>FRACTIONAL RESERVE BANKING DILEMMA Monday, December 7, 2009 5:40 PM</p>
<p> The  &#8220;establishments&#8221; position, (politicians and bankers), is basically that &#8220;gold is a barbarous relic&#8221; and has no place in a modern economy or monetary system!</p>
<p>I would agree IF greed were not a part of basic universal human nature and ALL politicians and bankers were scrupulously honest and always acted in the best interests of the citizens of the nation they serve. </p>
<p>HOWEVER, the above being far from reality we NEED &#8220;checks and balances&#8221; that PREVENT excess money creation, a function that a gold standard performed quite admirably over the centuries because it can not be created by fiat and has had intrinsic value (preserving purchasing power) for 6000 years at least.</p>
<p>Ideally our money supply should be &#8220;equal to and determined by the production of the country&#8221; and brought into existence as a CREDIT instead of a DEBT as at present.</p>
<p>HOW and WHY as a  credit you might ask: simple explanation, view a country as a corporation and its citizens as shareholders OWNING the natural resources of the country from which, with ADDED HUMAN LABOR all true wealth eventually comes. </p>
<p>WHY should we pay perpetual INTEREST to a group of self appointed bankers who connived to create a MONOPOLY (supposedly illegal) that effectively gives them a perpetual share of all the wealth created by the labor of all human beings for nothing more than printing numbers on pretty pieces of paper?</p>
<p>With that as a working hypothesis we can then postulate that &#8220;anything that is physically possible, and desirable, (for the benefit if humanity) CAN and should be made financially possible&#8221; which generates a logical question! If we have the necessary natural resources and skilled human beings willing and able to work to turn them into ANYTHING that is of benefit to society, WHY should there EVER be a question of affordability (lack of money)?</p>
<p>What is it that makes a dollar bill good? ANSWER by the establishment would be confidence in the backing of the government as representative of all the people! In REALTY however, what the bankers rely on is the TAXING POWER of GOVERNMENT, and their Internal Revenue Service to ENFORCE the collection of their INTEREST through the Income Tax Act!  Given the PERFORMANCE of the U.S. government in particular over the past decades, only a FOOL would have any confidence left in government or bankers, given the absolute MESS they have combined to make of our economy, the more logical conclusion being that our present system is a &#8220;CON GAME&#8221; from the get go!</p>
<p>What happened in 1913 is that the International Bankers conned the politicians through subterfuge and trickery into passing the Federal Reserve Act that gave THEM the power to create our money supply in a way that has ENSLAVED the entire world through interest that ACCUMULATES as DEBT at all levels of society, from the individual, then multiple levels of government as well as layers of corporations. </p>
<p>Governments and corporations do NOT pay the interest, ultimately it is passed on to the individual taxpayers in the form of taxes and the price of the goods and services we must buy! We end up PAYING IT ALL as an ever increasing debt load FAR exceeds any possible increase in income for the majority of workers. Witness the fact that my father worked a factory job for as little as 25c an hour, bought a car and a house and raised a family on that one income where many people now have difficulty living on TWO incomes along with all the social consequences of mother no longer being home to take care of the family.</p>
<p>The one FACT that politicians and bankers evidently do not get, (basically just being deceived pawns in the game) is that a DEBT based interest bearing system MUST like any pyramid scheme, eventually SELF-DESTRUCT, as it is now doing!</p>
<p> WHY YOU ASK, because &#8220;every bank loan is a new creation of money and when it is paid back it ceases to exist&#8221; testimony of Graham Towers Governor  of the Bank of Canada before a Commons Committee in 1939! This means that the more loans that are made AT INTEREST, using a 25yr amortized mortgage as an example, as much as DOUBLE the amount of money is taken out of the system (CANCELLED) as was originally created. </p>
<p>What this means on a practical level is there must be an EXPONENTIALLY increasing number of new loans to allow an economy to function with sufficient specie in circulation to 1) pay the interest demanded by the total debt pyramid that keeps growing at all levels, and 2) sufficient to also continue to conduct all necessary commerce in an expanding economy! If you think about this deeply enough there is only one logical conclusion, the Federal Reserve Act was either by accident or design the mother of all Ponzi schemes.</p>
<p>Check the dictionary definition of a &#8220;Ponzi scheme&#8221; and then reread the FACTS presented until you &#8220;GET IT&#8221;! Our fiat currency, fractional reserve banking system is imploding because there is no other mathematical possibility. No amount of pump priming, stimulus packages, slight of hand accounting, government intervention, lies and coercion to &#8220;borrow and spend&#8221; can SAVE a badly flawed system. The problem is STRUCTURAL and must be changed to produce an HONEST non-manipulative monetary system people CAN TRUST and believe in.</p>
<p>Even with the current effectively ZERO interest rates the collective levels of debt can no longer be serviced, let alone the total debts ever being paid off in the lifetimes of our children or even grandchildren! The consequences of CONTINUING such a flawed and enslaving system is the complete breakdown of our civilization into utter chaos and probable dictatorship</p>
<p>MY BEST TO YOU, MYRON</p>
]]></content:encoded>
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		<title>By: Linda Brady Traynham</title>
		<link>http://whiskeyandgunpowder.com/theyre-going-to-kill-the-fed/comment-page-2/#comment-4552</link>
		<dc:creator>Linda Brady Traynham</dc:creator>
		<pubDate>Sat, 12 Dec 2009 20:35:44 +0000</pubDate>
		<guid isPermaLink="false">http://whiskeyandgunpowder.com/?p=5898#comment-4552</guid>
		<description>Dear Alex:  

Two minds with but a single thought: facing privations so comfortably that they are something which happen to other people? 

About Richard Daughty...I have it on pretty good authority that this is a health issue, bless him, not a falling out over monetary policy. We&#039;re battling bronchitis sullenly (we aren&#039;t supposed to be ill) here in the Whiskey Redan, the least complicated structure that is defensible, basically a triangle.  I didn&#039;t know about the RCMP being unable to find a few tons of gold; I have that problem all the time, myself; perhaps it is carried away by the four-engine job cockroaches, or mice on steroids?  Worse than trying to inventory electrons.
My emergency preparedness plan is to hunker down quietly deep in the woods in a large motor home while the rest of the population kills and or is killed, and be simple, happy farmers and ranchers if Part I is successful.  Another great item is EAS Protein Powder, which will nourish an adult monotonously for USD one/day. It even tastes good if mixed with milk, egg yolks, and seasonings, although it comes in chocolate and vanilla.  If it gets to Rawles&#039; &quot;Patriot,&quot; the best prepared with the best judgement (and sometimes the best luck) will come through this IF we don&#039;t end up with dictatorship or foreign invaders.  I&#039;m going to be doing a series on those issues soon, viewing stores of diesel, heritage seeds, how-to books, and livestock as a &quot;hedge fund.&quot;  Things you&#039;d want while hiding in a hedge?  Can you have even a couple of dairy goats and a few chickens where you are?  Linda</description>
		<content:encoded><![CDATA[<p>Dear Alex:  </p>
<p>Two minds with but a single thought: facing privations so comfortably that they are something which happen to other people? </p>
<p>About Richard Daughty&#8230;I have it on pretty good authority that this is a health issue, bless him, not a falling out over monetary policy. We&#8217;re battling bronchitis sullenly (we aren&#8217;t supposed to be ill) here in the Whiskey Redan, the least complicated structure that is defensible, basically a triangle.  I didn&#8217;t know about the RCMP being unable to find a few tons of gold; I have that problem all the time, myself; perhaps it is carried away by the four-engine job cockroaches, or mice on steroids?  Worse than trying to inventory electrons.<br />
My emergency preparedness plan is to hunker down quietly deep in the woods in a large motor home while the rest of the population kills and or is killed, and be simple, happy farmers and ranchers if Part I is successful.  Another great item is EAS Protein Powder, which will nourish an adult monotonously for USD one/day. It even tastes good if mixed with milk, egg yolks, and seasonings, although it comes in chocolate and vanilla.  If it gets to Rawles&#8217; &#8220;Patriot,&#8221; the best prepared with the best judgement (and sometimes the best luck) will come through this IF we don&#8217;t end up with dictatorship or foreign invaders.  I&#8217;m going to be doing a series on those issues soon, viewing stores of diesel, heritage seeds, how-to books, and livestock as a &#8220;hedge fund.&#8221;  Things you&#8217;d want while hiding in a hedge?  Can you have even a couple of dairy goats and a few chickens where you are?  Linda</p>
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