What would happen if the USA decided to tell China we refuse the pay them?
Just wondering
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Sent: Saturday, May 9, 2020 9:38 PM
William
Subject: Re:
since China owns so much of our debt, what if the demanded payment and the only way we could do it would be to give them all the mortgages that the Federal Reserve has?
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, "William " , "stevor h"
Sent: Saturday, May 9, 2020 2:28:23 PM
Subject: Re:
If it happens, let me know. :-) Seriously, "deep state" is too vague a term for this discussion.
I'm not in favor of central banks. I think Andrew Jackson had the right idea. But that ship has sailed, and as corrupt as they are, they are still financially accountable, unlike politicians. Until we return to a sound, gold-backed currency, they're all we've got. I don't understand why Pelosi and the other Dems are so gleeful at the prospect of destroying the US dollar with unlimited spending. Unless, of course, that's the idea: crash the US, fire sale to China.
On 5/9/20 4:07 PM:
OK, I get that.
But what benefits are there by taking the bank away from the deep state?
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don
Sent: Saturday, May 9, 2020 1:56 PM ;
Subject: Re:
The Fed was designed to be independent from politicians who would prefer it create as much money as they want so they can spend indiscriminately. The fact that it's doing that now is not a good thing for the US dollar or the faith and credit of the US govt that backs that dollar. The Dems just introduced a bill to give everyone $2,000 a month, which would mean, if passed, the cost of everything would increase accordingly. There is no free lunch. If you give everyone money, you give nobody money, you just debase the value of money. Politicians hate economic facts.
On 5/9/20 3:49 PM:
I didn't read the link, but what you say Don seems to be a good thing.
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don
Sent: Saturday, May 9, 2020 1:40 PM ;
Subject: Re:
The Fed is controlled by Congress. In the 1960s Congress passed a law that any profits the Fed makes have to go back to the US govt, so it can't make any profit. They are a govt agency with a .gov URL:
https://www.federalreserve.gov/
On 5/9/20 2:58 PM:
But isn't the main fact that it removes control by the Rothc. bankers can lead to big changes?
Maybe it's a growing pain , but worth it?
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don
Sent: Saturday, May 9, 2020 12:53 PM ;
Subject: Re:
This idea has been going around the alternative media. I don't think the facts are right on this. The Treasury is selling T-bills, which are being bought by the Fed because there aren't enough actual buyers for the T-bills. It's called money printing. It's like Safeway buying up its own products and telling their shareholders they're making a lot of money. Also known as fraud.
On 5/9/20 2:32 PM, someone wrote:
I like Michael Tellinger.
Sent: Saturday, May 09, 2020 11:49 AM
To: William ;
Subject:
A friend gave me this. I know Don has been following this for a very long time.
Listening to this guy sounds like very good news:
https://youtu.be/aVkB89ONeNg
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https://i.ytimg.com/vi/aVkB89ONeNg/maxresdefault.jpg]
Trump Takes Control of the FED - Leads the way for other countries to follow - Michael Tellinger
President Donald Trump breaks a 250-year long stranglehold of the Royal Political Elite and their central banks. Since the 1760s and the rise of the Rothschi...
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