The National Debt, and debt and more debt…

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I really want to know how facts don’t seem to get in the way of people’s opinions. It’s a puzzlement to me, it really is.

There’s ranting on the “other board” about how much Clinton and Obama has raised the national debt. Wow, $6 trillion in 11 years. That is a big number and I agree it’s terrible and more in absolute dollar amount than Reagan, Bush and Bush did in 20 years. Granted, no argument from me. On the other hand, as this page shows, in percentage increase terms, Bush II raised the debt by 89% in 8 years, while Obama is on pace to exceed that (41% in 3 years), he’s got quite a ways to go to surpass Reagan’s record increase in the national debt of 189% in 8 years. (Clinton was 36% inĀ  years and Bush II was 55% in 4 years).

What the narrow focus on Republican versus Democrat avoids seeing, is that all presidents and congresses have increased the debt in the last 40 or so years, no matter what their party affiliation happens to be. This has accelerated since Nixon closed the “gold window” and placed us on a fiat money system with no tangible backing. I can say with complete confidence that should Obama be beaten in this year’s elections, the Republican successor will invariably increase the debt, the only question is, will it be slower or faster than Obama.

When you understand the well documented fact that since the Federal Reserve Act of 1913 was passed, the power to create US dollars has passed from the Constitutional mandate that Congress has the power to coin money (issue new money based in precious metals) to the Federal Reserve and the commercial banks, which create our money as debt. The inevitable result is ever increasing debt, ever increasing interest and ever increasing debt slavery of the populace. The debt crises in Europe and the US are symptoms of the problem of banks creating money as debt.

Look, I’ve been posting for years the fact of the matter, that our currency is created as debt, from the Fed right down to your local bank. The implications and results of this scam system are all around you, from the ever increasing national debt to the bank created housing bubble to the proliferation of credit cards and schemes like student loans over the last 40 years. And it’s going to continue, it has to unless we, the people rise up and change it. Most of the politicians aren’t going to do it, they’re part of the scam.

Now, I want to ask all you people on this board and the other boards. Prove me wrong (BTW, “I don’t believe that” doesn’t work, you have to show me sources that say the banks don’t create money). If you can’t prove me wrong, then you’re going to have to do something about, or condemn your children and their children to ever increases levels of debt,continually decreasing standards of living, and slavery to banks.

It’s you choice. I hope you chose well. My own welfare and the welfare of my child is riding on you. The destruction of the fractional reserve system and the elimination of banks as the masters of our economic fate depends on people becoming informed and acting and demanding real change, not fake “change” like Obama, Santorum, Gingrich, Romney, et. al. deal in.

But I know what’s going to happen. 90% of you aren’t even going to read this post from the local nut case conspiracy theorist. Half of the 10% that do read it know the scam already and are making loads of money off it (like the local “financial advisers”) and won’t say boo, and the other 5% are going to call me names and say I’m nuts. And if that happens, the banks win and you and your descendants lose.


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