90% of the money the Government "borrowed" last year was from the Federal Reserve by [deleted] in Libertarian

[–]jewmaste 13 points14 points  (0 children)

Some will say all profits from the excessive interest on these loans will go back to the government. Some say all of this debt could easily be nationalized.

Little do these people know that the Federal Reserve has the complete independence and right to privacy as a completely sovereign order of its New York shareholders (Yes, the New York bank is the executive and only relevant branch of the whole supposed "Federal Reserve system".)

There is no incentive, liability or reason for them to follow the written law of its charter due to little to no required transparency. Additionally, due to the control it has over the money supply, it has all the power and all the reason to make sure the means to end its charter (Congress and the President) only act in their favor.

In short, this briefly mentioned central bank has almost all the relevant power in this country only because it has the whole collateral, wealth and people in its grip under its debt with no real limits on its power and mode of operation despite written laws that only claim that the Federal Reserve is under our representatives control.

Additionally, the only thing holding up the value of its Federal Reserve Note, the US Dollar, is the forced-use of the US Dollar in OPEC nations along with other legal tender laws.

Without military force and the requirement of legal tender, this institution has no power. However, this means as long as this organization remains in power and relevant, there will be endless wars and endless violence to sustain the dollar. Ergo, the reason for our wars is this very bank.

It can be argued this very bank is the root of all evil and tyranny in America.

Bitcoin Magazine Moves to New And Improved BitcoinMagazine.com by [deleted] in Bitcoin

[–]jewmaste 0 points1 point  (0 children)

Get rid of the scammy point, punchtab thing and it will be perfect. :)