On Thu, 4 Oct 2001, James Turk wrote:
> I first read about NESARA a few years ago, and don't agree with it
> for two reasons:
> 1) the US Treasury Credit-Notes it proposes as currency are
> unconstitutional (these are a different name for 'bills of credit',
> which the Founding Fathers abhorre
Hi, everybody,
>> The assests the central banks hold are called I.O.U.'s. I don't
>> know about Australia, but in the United States the dollar is
>> backed by debt.
Since the end of Civil war, when 'greenbacks' were introduced, which at
that moment apparently were treasury bonds, signed by tre
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> David Hillary wrote:
>
> >Central banks hold reserves of assets sufficient to pay all their
> >currency liabilities and all their deposit liabilities. This can
> >be seen from their balance sheets.
> >
> Is this a joke?
>
> The assests the central
On 3 Oct 2001, at 18:01, Bob wrote:
> Spend US$ 60 on Cra$hmaker and you've got a huge chunk of it.
> And it doesn't take 4 years to read.
Bob,
I am only a few chapters into Crashmaker and can hardly stop
reading. I am hooked!!!
Claude
http://www.goldcurrencies.ca
http://www.ormetal.com
James Turk wrote:
> SnowDog wrote
> >Q: How would you go about abolishing the Federal Reserve?
> It is exactly this question that is addressed in a wonderful new book just published
>called "Crashmaker". I've written a review on "Crashmaker" for my newsletter, and
>I've posted this review to
SnowDog wrote:
> Q: How would you go about abolishing the Federal Reserve? Almost all USD in
> circulation are debts to the Federal Reserve. How would you replace this
> debt-backed currency with an other type?
>
> SnowDog
SnowDog wrote:
> Q: How would you go about abolishing the Federal Reser
> Dollars are only worth what people are willing to exchange them for.
> The dollar is accepted worldwide because of the stability of the US
> Government, not because it is actually worth anything. When the US
> falls into a deep recession the value of the dollar will not be much.
> That is why
David Hillary wrote:
>Central banks hold reserves of assets sufficient to pay all their
>currency liabilities and all their deposit liabilities. This can be
>seen from their balance sheets.
>
Is this a joke?
The assests the central banks hold are called I.O.U.'s. I don't know
about Australia,
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Central banks hold reserves of assets sufficient to pay all their
currency liabilities and all their deposit liabilities. This can be
seen from their balance sheets.
Central banks could retire all their debts and be wound up, and the
economy could us
> RE the reference to this URL: http://www.NASARA.com/
I've received a correction to this URL:
http://www.NESARA.com/
The National Economic Stabilization and Recovery Act
I recommend it to all of you. Whether it makes its way to the floor for
a vote in it's present form is questionable, but
Noel;
RE the reference to this URL: http://www.NASARA.com/
It is no longer pointed at an active website. Do you
have another reference to the document you mention?
Thanks
Dave Brooks
Editor / Bricks of Gold Website & eZine
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SnowDog wrote:
>..without any additional Federal Reserve Notes coming into circulation,
>then their currency would deflate as people continued to pay-off their
>debts. In this scenario, almost all of the US debt would be unserviceable.
>An economic calamity of mammoth proportions would ensue beca
> Not a problem - SOMEBODY will issue currency, and provided there are no
> strongarm tactics used there will be many somebodies. As with everything
> else, the market will sort it out after a brief reshuffle.
>
> Marc de Piolenc
>
> SnowDog wrote:
>
> > Q: How would you go about abolishing the F
>Q: How would you go about abolishing the Federal Reserve? Almost all
>USD in circulation are debts to the Federal Reserve. How would you
>replace this debt-backed currency with an other type?
Since 'backed' currency is the most desire money, and the total
amount of gold (silver, platinum, p
> However, WITH a Federal Reserve system in place, you can't just 'leave the
> economy alone'.
I think that is what I said. That is one reason (of many) it should be
abolished.
> Q: How would you go about abolishing the Federal Reserve? Almost all USD in
> circulation are debts to the Federa
> Nevertheless, the answer given you was correct. Leaving the economy
> alone is best. However, this entails abolishing fiat money since the
> very existence of fiat money is a massive economic intervention by the
> state. The only policy to recommend to the Federal Reserve is for it
> to abol
SnowDog,
> > > What would you do to boost the economy?
> >
> > Me? I wouldn't do anything to boost it. It should be left entirely
> > on it's own.
This is a perfect response to the question!
> Unfortunately, with a debt-backed currency, (unlike an asset-backed
> currency, like gold), it's no
> > What would you do to boost the economy?
> >
> > Just curious... ;]
> >
> > ...!
>
> Me? I wouldn't do anything to boost it. It should be left entirely
> on it's own. It's amazing that most didn't learn a thing from
> the self imposed implosion (an economic event) of the former USSR.
> Or Japan
eCurrencyCrawler wrote:
>
> > http://www.bananagold.com/bob.html
>
> The article is a bit "off the mark" seeing as it is not uncommon for
> interest rates to be extremely low or negative values in a downward
> economy...
>
> "Whacky" wouldn't be the exact term I would use... I would much rather
> http://www.bananagold.com/bob.html
The article is a bit "off the mark" seeing as it is not uncommon for
interest rates to be extremely low or negative values in a downward
economy...
"Whacky" wouldn't be the exact term I would use... I would much rather
use, "Smart".
What would you do to boos
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