quote:Originally posted by Noah The African:
This is serious stuff folks. Why would a nation stop publishing the total amount of money in circulation? One reason is that it wants to hide the fact that it is simply printing money to cover its debts, as opposed to paying its debts with tangible assets. Note also that this was not even reported in the news. Moreover, why does it make sense to have foreign banks holding much of the American debt? The answer is that when the default of the debt happens, it will not be American banks in trouble but foreign banks. Furthermore, lets not forget what recently happened in regards to the changes in bankruptcy Laws. The FED and the American Banking system knows what's going on down the road and are covering their azzes.
This is one of the many reasons that central. government controlled banking should have been snuffed out early on in the nation's history.
Also, allowing the government to get off of the gold standard gave them god-like control over our finances. For instance, if they want to take your money to shoot an Arab, buy someone's viagra, or pay for a bureaucrat's Starbucks they can either tax you directly or just print more money - a method which taxes your savings indirectly.
The wars and the welfare state will come to roost sooner or later if there is no change in direction.