American Revolution - Debt Based Currency - Federal Reserve

[dyingtolive123]

Absolute power corrupts absolutely. A world bank would be the most corrupt thing ever. Interest is used to keep people in debt, always has been. The idea of interest only serves the super rich and eventually pushes the middle class down with the poorest. ye you can back moneyswith anything of value. I guess a reset would technically be when paper money reaches it's intrinsic value of zero. Then all debts and savings would be worth nothing. Then the cycle begins again lol.

[devided1001]

Yeah but they just reset the system when it declines. what a reset looks like no body really knows other than those that set up the Federal Reserve. At the moment it looks like they don't have a solution other than to bail out the largest impact declining regulators of any significant regulator or industry. But a world currency might fix it to some degree it just depends if the currency is backed by either gold or basket of s##t. WW3 it will end in & bankers will watch it or control it

[dyingtolive123]

@devided1001 world paper currency is the worst idea that can ever be conceived. The System can not be reset as long as there is a FED unpayable debt will exist. All money should be backed by something, Gold, Land, Houses, any commodity. Also interest/usury MUST be illegal! interest causes debt. some debts with interest attatched will inevitably become unpayable.

[devided1001]

@dyingtolive123 Its not the worst idea. The system resets itself. Who said you had to pay it back? Unpayable debt - whats wrong with that? But you can back your money with anything you like? Their is no interest/usury? because you don't have to go into debt in the 1st place? It was peoples choice & so people chose to break their own rules & use interest, so they are illegal are they. If you do the wrong thing with money I guess you can go to something like jail or slave labour. Pay what u can.