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Great speech: How money printing encourages war

djinwa

Well-known member
Figured some might be interested in bigger issues than which puppet wins the election.

The speech below also explains the basics of how the whole money printing scam works, and relation to interest rates, etc.

Yep, if we had to actually feel the cost of war, certainly wouldn't be as much of it. If they sent us each a bill for 5,000 bucks a year to cover the costs, wars probably wouldn't be happening. So to get money, they just have the Federal Reserve print it out of thin air and give to the government, then let us pay through higher cost of living.

Of course, 90% of the country doesn't understand why prices go up, so it is a brilliant scheme. Which of course, Romney and Obama do not address. Trillions printed and wasted, and the main candidates say nothing.

Anyway, here's the speech.

311. War and the Fed
 

djinwa

Well-known member
This reminds me of the efforts put forth by Jefferson and Madison to try to limit our warmongering (humans love war, which is why Jesus preached peace). First they insisted that war would be declared by the legislative branch, not the executive. We’ve ignored that part of the Constitution.

Second, as you read in this letter from Jefferson to Madison, he proposed that debt be limited to what could be paid in one generation, as it seemed immoral to burden future generations with prior debt.

Popular Basis of Political Authority: Thomas Jefferson to James Madison

But with respect to future debts, would it not be wise and just for that nation to declare, in the constitution they are forming, that neither the legislature, nor the nation itself, can validly contract more debt than they may pay within their own age, or within the term of 19 years? And that all future contracts will be deemed void as to what shall remain unpaid at the end of 19 years from their date? This would put the lenders, and the borrowers also, on their guard. By reducing too the faculty of borrowing within it's natural limits, it would bridle the spirit of war, to which too free a course has been procured by the inattention of money-lenders to this law of nature, that succeeding generations are not responsible for the preceding.
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We have already given in example one effectual check to the Dog of war by transferring the power of letting him loose from the Executive to the Legislative body, from those who are to spend to those who are to pay. I should be pleased to see this second obstacle held out by us also in the first instance. No nation can make a declaration against the validity of long-contracted debts so disinterestedly as we, since we do not owe a shilling which may not be paid with ease, principal and interest, within the time of our own lives.
 
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