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Reply #5: but to be fair, the federal reserve has stolen from all of us [View All]

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sweetheart Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-24-06 07:46 AM
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5. but to be fair, the federal reserve has stolen from all of us
We always hear about 'inflation', the inevitable breakdown in your
purchasing power, your savings and the value for money your wages earn.

If you were to take your wages in crude oil, and not dollars, your money
would not lose value every year. But then, why is money that is supposedly
backed by better than gold, losing value?

Lets say that 1 trillion dollars are in circulation, and that the federal
reserve issues more currency by lending more money to banks. By printing
an extra 100 billion dollars, your every dollar is now worth 91 cents on the
new dollar... and every year, the federal reserve devalues your earning value
as if they're doing us all a favour. Its a total scam, and its apologists have
fronted by far the biggest theft in history.

The dollar is backed by nothing but american paper, nothing but talk, and when
the shit comes down, the linen isn't good for anything. So when you bring up
the taxes on "$", you invoke the spirit of the federal reserve, the private
bank that rips you off as a public service, year in and year out.

The taxes are already being extracted by devaluing your money. Had you been paid
in gold these past 6 years, you'd be richer now than you are. The dollar was
floated off gold by the republicans to rip off the middle classes and wipe out
their political voice at the drop of an interest rate.

The citizen is being triple-taxed, once with inflation, once with payroll, once with
the IRS borrowing the money for a year, and then with the privatization of social
services in to fees, that for all the money spent on defense and security, people
pay additional 'tax' to be secure in their homes in the form of guns, alarms, locks,
cameras, l... . The neverending taxes of a failed state might be called 'bribes'
were a superior race to visit from a spaceship. Such an alien might ask, why,
when they rip people off at every single turn, do you not throw off such a
government if you claim to be free?

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