NASA about to reveal the truth about aliens

On Jan 4, 9:38*pm, wrote:
On Jan 4, 8:05*pm, Brad Guth wrote:



On Jan 3, 3:48*pm, wrote:

Freddie is confused about the relation of currency to money supply and
so thinks I'm confused. *lol.

Currency for the US are Federal Reserve notes.
Money supply is the sum total of all balances in all the banking
accounts.

There is vastly more money than currency.

To understand why *lets recall that in the USA for every dollar on
deposit, the bank has a right to issue up to $10 worth of loans. *This
is called fractional banking.

When a bank runs short of cash, it can call on the Fed to print
whatever cash it needs this is called elastic money which is needed to
support fractional banking.

Currency is needed when people withdraw money from their bank accounts
- and the banks ask for currency on this basis.
.
Money supply is created mostly by banks issuing loans if it then gets
deposited in US banks.
Money supply is destroyed mostly by calling in US loans that are paid
with deposits held in US banks.

By changing the terms of loans money can be made tight or easy
spawning panics or expansions.

The point I'm making is that the US government has the right to
dispense with the Fed and issue currency without corresponding
interest. *It can print money without charging itself interest -
interest that gets paid to mostly foreign interests who are then in a
position to control economic activity in the USA by setting terms of
future loans.

Fred probably has family employed by the private Federal Reserve
system, as do many others here.

You don't know that so why say it?
Near 2/3 of this nation has been public employed and/or receiving
significant public funded benefits due to their previous employment
and/or family established relationships within government (local,
state and federal counts as government, including of all those
contracted to perform on behalf of government). Of course you'd just
as soon it be 75+%, and we'd only tax those visiting and/or buying
stuff from us.


I too believe that our government could issue its own script,

We could, but Reagan reversed JFKs Executive order in a way that it
would take another order now to do away with selling debts to the Fed
to issue currency.

and it could make damn certain that it's accepted at face
value on all levels of the global economy.

Value is maintained only if we took care to arrange to redeem what
we've issued and change the reserve requirements to maintain money
supply accordingly.

*Of course it would be kinda nice having a
physical audit of our gold, silver and other precious alloys, plus
whatever else is representing the collateral on behalf of this
government issued script.

The gold is already pledged for our existing debts. *Where the gold is
isn't as important as who owns it.

There are critical alloys and heavy elements as well as He3 that's far
more valuable than gold per gram, kg or tonne, so why not focus on
using those?

~ BG