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Re: China threatens 'nuclear option' of dollar sales
2 things would be good for the US.
1 - Abolish the Federal Reserve
2 - Repay the debt. Even if that means recession
In US history there were a few brave presidents that actually achieved this feat. Andrew Jackson's name comes to my mind here... What a man.
And don't forget the founding fathers and their initial motivations and principles. I have great admiration for these guys. They rock!
Here are some interesting quotes on the subject....
If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations. -Andrew Jackson
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson
Maybe you sit up and listen if you discover that the FED is not a government agency but a private company. It's a private bank! Ditch the Fed! If thats what the electorate wants then thats what politicians will have on their agenda. Here's what Abe had to add, he was not a friend of the Federal Reserve (formerly known as the First Bank of America)....
The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham Lincoln
It's time for the US to re-discover their roots.
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Anything too stupid to be said is sung. [Voltaire]
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