Comments on: Poverty among Americans at all-time high

By: Carl Nemo **==

Carl Nemo **== — Sat, 17 Sep 2011 23:40:27 +0000

Solid thoughts kishind along with a suggested solution to our problems. Thanks. : )

Carl Nemo **==

By: kishind

kishind — Sat, 17 Sep 2011 19:01:52 +0000

“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 the duress of small groups of dominant men.”
-President Woodrow Wilson, who signed the current Federal Reserve Bank into law (a private bank)

We need to follow the example of Andrew Jackson, the only President to ever pay off the national debt. We need to stop creating money as debt (to the Fed), and return to creating money as money. Money in circulation worldwide has dropped nearly 50% since 2007. We need to end the Fed, as Jackson did. Debt-free money creates healthy economies. Both the Roman and British Empires flourished under cheap money, both declined under gold (expensive) money.
Who controls the quantity of money? Too much (cheap, risky credit of the 1920s and 2000s) creates a false boom. Too little (1930s and 2010s) creates widespread poverty and foreclosures. To end the boom and bust cycle, we must return the control of quantity to a public institution. States already have the right to create debt-free money separate from national currency, so petition your state government and get them to exercise this power (like North Dakota already does).

By: Carl Nemo **==

Carl Nemo **== — Sat, 17 Sep 2011 06:26:19 +0000

This seems to be a case of terminal, voracious greed juxtaposed against resultant abject poverty…no? : |

Carl Nemo **==

By: griff

griff — Thu, 15 Sep 2011 23:31:52 +0000

It won’t be long…

By: Rick

Rick — Thu, 15 Sep 2011 23:16:02 +0000

Gov’t trying its best to get me to join the ranks.

By: woody188

woody188 — Thu, 15 Sep 2011 12:05:51 +0000

Add the median wage decline with inflation and people have a lot less buying power than just a few years ago.

By: griff

griff — Wed, 14 Sep 2011 14:31:23 +0000

Tha American Dream is alive and kicking.