Subscribe: Comments on Washington's Blog: The OTHER Reason for the American Revolution
http://georgewashington2.blogspot.com/feeds/2218282351693117653/comments/default
Added By: Feedage Forager Feedage Grade B rated
Language: English
Tags:
banks  brown  create  currency  ellen brown  ellen  government  interest  ivy league  make  money  north dakota  state  treasury 
Rate this Feed
Rate this feedRate this feedRate this feedRate this feedRate this feed
Rate this feed 1 starRate this feed 2 starRate this feed 3 starRate this feed 4 starRate this feed 5 star

Comments (0)

Feed Details and Statistics Feed Statistics
Preview: Comments on Washington's Blog: The OTHER Reason for the American Revolution

Comments on Washingtons Blog: The OTHER Reason for the American Revolution





Updated: 2018-01-12T02:55:32.223-08:00

 



Unfortunately, Ellen Brown is wrong about the solu...

2010-03-23T20:07:54.271-07:00

Unfortunately, Ellen Brown is wrong about the solution (and many of the problems). Legal tender laws need to be repealed so that other currencies could compete with a national currency so people would have an alternative in the case of overprinting. The Fed's interest is payed back in large part to the treasury. I know it's private, but it wouldn't make a difference if this power was back in the Federal governments hand (and only the governments hand). Ms. Brown is notorious for misquoting founding fathers to make them appear as if they supported a an unbacked currency printed by the federal government. Most in fact supported a currency backed by metal, and this is all that is allowed in our constitution. Printing money is not a pathway to prosperity; there is no free lunch (or maglev train). An economy can only absorb so much inflation in this manner (not to mention the mis-allocations of capital resulting from false price signals innevitably created). Credit should be extended on realistic (natural, market-- not artificial government created) terms. If the creation of the commodity money was left to free market as it should be, there would not be any shortage to speak of. The best we can hope for is stable prices (with moderate overall deflation resulting from increasing productivity from continuous investment). A government's monopoly on money will only continue the debasement of currency and the destruction of real wealth and prosperity.

Also, the Bank of North Dakota doesn't print money, and it's all fractional reserve. It doesn't have the powers of a central bank. Why is this pointed to as a real life model of a solution?



The Ivy League institutions exist to serve the nee...

2009-07-07T13:23:40.138-07:00

The Ivy League institutions exist to serve the needs of the Oligarchs. Forget restructuring, you think the powers that be have any interest in democratic ideals? You think this is a democracy?



Yes, time for local, public, transparent banks and...

2009-07-01T02:22:48.868-07:00

Yes, time for local, public, transparent banks and lenders. We must self-regulate because the govt. has proven itself a sham, a protector of an oligarchy. And this is to be expected, I suppose, in that we must make our credit systems ourselves. DIY. We must make our own Bank of North Dakota ourselves, in our own states, cities. Brown (Web of Debt) even mentions universities joining together to create lending gurantors (banks) in some radio interview somewhere. (How ironic, can you imagine Yale or Harvard creating their own public lending institutions? perhaps creating the Ivy League lender or some such? I know, the oligarchs themselves come from these places so they'd never allow it, but how pathetic that Yale or Princeton suffers financially at the hands of a few punks. Idiotic- when the universities could be making much much more money if they became the lender themselves.) Ditto for the states.

The following are well worth the effort:
http://www.ipodshows.net/financial_and_business_report.htm

http://digg.com/business_finance/Nation_s_Only_State_Owned_Bank_is_the_Envy_of_Wall_Streethttp://www.opednews.com/articles/2/PLAYING-THE-BANKING-GAME--by-Ellen-Brown-090302-302.html

http://ezinearticles.com/?The-Weimar-Hyperinflation---Could-it-Happen-Again?&id=2460948

http://dissidentvoice.org/2008/04/continuity-of-government-the-endgame-scenario/

http://activepaper.olivesoftware.com/Repository/ml.asp?Ref=Rk5QLzIwMDkvMDYvMjEjQXIwMjUwOA==&Mode=HTML&Locale=english-skin-custom



It seems the automakers have been mocking us here ...

2009-06-10T06:07:17.175-07:00

It seems the automakers have been mocking us here in America.

The "Lincoln Continental," anyone?

People knew we were being robbed and enslaved us through a criminal central banking system.



Hey, I knew that.

2009-06-07T10:31:11.567-07:00

Hey, I knew that.



to all concerned i believe that we can all create ...

2009-06-05T08:28:40.653-07:00

to all concerned i believe that we can all create a conglomerate internationally where we can fund each other as in a club to help buy homes for families and other essentials and use our skills to stabilise society for our and our childrens future benefit. we can also look at ensuring a working model which can never be manipulated as in a constitution barring elements of the usury causing class to join us in our endeavour. unless we start action based on mutual trust between all faiths except those who promote usury we will be only a talking shop for years to come. and yes i am a muslim who is not an enemy to anyone but humanity centred!



From http://johnturmel.com/poembank.htm Not only...

2009-06-05T08:16:38.019-07:00

From http://johnturmel.com/poembank.htm

Not only were there Abolitionists in Bible days,
But there were many more for abolition I can praise.
The Kings and Popes of middle ages were the ones to say,
That interest was evil but since then they've lost their way.
Some presidents who of this Populist idea knew,
John Adams, Thomas Jefferson, and Andrew Jackson too.
Some brilliant scientific men were also of accord,
With Franklin. There was Thomas Edison and Henry Ford.
The Native North American Civilizations great,
Did "wampum" promissory IOU beads advocate.
All issued IOU beads for their horses, hides and seed.
Each mark on bead meant value personally guaranteed.
The Whites said they should put away their private currrency,
So braves lined up with Whites at unemployment agency.
Forced to use white's currency, they had to play the game,
And in the larger game of nations, they came out so lame.
Our forebear's generations called it work-bee on a date,
Where men could pay their taxes with some service to the state.
They built the roads that carve the land, the bridges over blue,
To those who said they needed gold, they proved it wasn't true.
Now look at how it works today, let's get it understood,
Replacing wooden tallies now is paper pressed of wood.
Two notes used in America can clearly show the way,
Both legal tender now down south. They can be spent today:
"United States Note" issued by the nation's Treasury,
And "Federal Reserve Note" which is banker's currency.
Their fronts are very similar except the name they state,
Their backs are very different, it means another plate.
The Treasury provided notes for federal expense,
And taxed them back to balance books with numbers that made sense.
In 1913, other plates were given to the banks,
Creation of the money. They gave politicians thanks.
The Government had given banks permission to create,
A batch of brand new money to be lent at interest rate.
The Government then borrowed from them and at their request,
The Congress passed the Income Tax to pay them interest.
One Congressman objected, Louis T. McFadden, loud,
"The greatest crime in history," he said with head unbowed.
Ten dollars out, eleven back, it often takes a while,
But after years, the end result's a melancholy style.
The money from the Treasury, its use did almost cease,
To pay the interest to banks, the taxes did increase.
And when we ask "The Treasury, why is it never used?"
In answer, we get silence and an attitude bemused.
So to this day the bulk of the American supply,
Is borrowed from the banks at rates that make debts multiply.
All Governments do service debt by taxing you and me,
Instead of letting Treasury create it interest free.
I see no reason for a tax to pay them interest,
When use of plates by Treasury would lower taxes best.
The money from the Treasury was used down south before.
The "Greenbacks" used by Lincoln paid to win the Civil War.
The "Continentals" did their job until King George did state:
"There'll be no use of your own plates, for gold you'll have to wait."
Though we've been told that their revolt was over tax for tea,
Ben Franklin said "The war's because they took our currency."



"As economic writer and attorney Ellen Brown ...

2009-06-05T05:31:47.884-07:00

"As economic writer and attorney Ellen Brown has tried to teach to Obama, Schwarzenegger, and anyone else who will listen..."

Unfortunately, such people are not listening. How could they? They were put into office to serve the bankers! We won't see any relief comming from our leaders. Local currencies, or state banks, like North Dakota, are more likely to work.




2009-06-05T04:49:32.916-07:00

This comment has been removed by the author.



Great post. I love Ellen Brown's writing.

2009-06-04T23:44:40.015-07:00

Great post. I love Ellen Brown's writing.