Why is it, that Gordon brown allows private banks to issue our currency as a debt?
Posted also in Government section with little response. I want to know what the average member on here thinks about this. Why, if Gordon Brown is running this country like everyone believes he does, allow privately owned fractional reserve banks to issue our currency as a debt when in theory he could remove them from the equation altogether and have our economy owned by the state like most of the general public believe it already is and therefor save the economy. US citizens feel free to answer as i believe your economic system falls in between the same guidelines. Thanks.
Public Comments
- Central Banks run the world -- to coin money internally (gov) would allow for too much transparency and accountability in where our tax dollars are being spent...domestically and abroad. There is actually a law in the U.S. that prohibits us from Auditing the Federal Reserve like we do every other private bank. That will soon change w/ the passage of two bills circulating -- one in the House that has over 200 sponsors and one in the Senate that's picking up steam. If you're willing to wait for the outcome, post-audit, you'll likely have a clear picture of how the Federal Banks manage taxpayer funds... It should be interesting. Our Federal Reserve owns most of U.S. public debt -- we're being charged interest on that debt...it's nothing short of tyranny. Our constitution explicitly states the treasury is to coin money. The history of our Federal Reserve is interesting -- it was adopted in the cover of night on December 23rd when most Representatives were home celebrating the holidays w/ their families. It's been at the heart of the Great Depression and our current crisis by trying to manipulate market activity by modifying access to money (interest rate manipulation). It's a dangerous game that always seems to leave us beaten up and scratching our heads.
- might start another Civil war that's what the original one was started for also there is nothing federal about the federal reserve its the private bank of all private banks look it the Federal reserve bank and the people who started it the Jekyll island club made up of the Carnegie's, Rockefeller's and some politicians ts crazy to think the ignorance the majority of people live in
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