pafret Loc: Northeast

"Where Is King Henry Now That We Need Him?"


“In this year, before Christmas, King Henry sent from Normandy to England, and commanded that all the moneyers that were in England should be deprived of their members; that was the right hand of each, and their testicles beneath. That was because the man that had a pound could not buy for a penny at a market. And the bishop Roger of Salisbury sent over all England, and commanded them all that they should come to Winchester at Christmas. When they came thither they were taken one by one, and each deprived of the right hand and the testicles beneath. All this was done within the twelve nights; and that was all with great justice, because they had fordone all the land with their great quantity of false money which they all bought.”

- “The Anglo-Saxon Chronicle,” p. 221 (year 1125).
Edited, with a Translation, by Benjamin Thorpe, Vol. II

pappadeux Loc: Phoenix AZ

For a moment I thought you meant :Henry the eighth, now there was a fun guy !

Larry the Legend Loc: Not hiding in Milton

Should do the same for fractional reserve bankers too. By the way, what about Janet Yellen? I doubt she has the requisite equipment for forfeit...

kankune Loc: Iowa

Can't we get Yellen out of there? Or does she get to be queen of the bank roll until she dies??

Larry the Legend Loc: Not hiding in Milton

Don't know much about it. The Fed Chairman is appointed for a period of 4 years by the President, with the advice and consent of the Senate, blah blah blah. Janet Yellen's term is up February 1, 2018, but she could be reappointed; there is no 'term limit' on that position. I fail to see why President Trump wouldn't reappoint her, but you never can tell what he's going to do. For me, that's one of those 'wait and see' calls.

As for getting her 'out of there', you might call me something of a radical in that department. I'd much prefer to get rid of the entire Federal Reserve Banking System and let the market decide what money is and where it should originate. I very much favor an 'honest money' currency policy in that respect.

In my opinion (and one that is shared by many eminent economists), the Federal Reserve is at the root of many of the dysfunctional governmental and economic phenomena we see today. Big government, as we currently 'enjoy' it, could not exist without the Federal Reserve to pump it up with intrinsically worthless fiat dollars, year after year. Government then spends that currency into our economy, diluting the value of existing currency and facilitating the price inflation that has seen a devaluation of the US dollar by some 98% since the Federal Reserve Act was passed in 1913. Incidentally, that was also the year the IRS was formed and the 'legal tender' laws were passed.

Here's a little math: 2016 US Total GDP was $16.5Trillion. That same year, Total Outlays were $3.54Trillion, for a GDP/Outlay ratio of 21.45%. Total Receipts were $2.99Trillion, leaving a shortfall of $550Billion to be 'borrowed' from the Federal Reserve. If the American taxpayer were obligated to pay for government spending out of pocket instead of through the 'inflation' tax, each one would have received a bill for the payment of $29,000 for the year. (122Million taxpayers paying a total $3.54Trillion)

So you tell me, how is Congress motivated to change this quite 'convenient' arrangement?

F.D.R.

The quickest way to get rid of Yellen is to spread rumors that she is about to meet with Trey Gowdy to tell all she knows about the Clinton's and Obama's.

pafret Loc: Northeast

Try this tune.

http://youtu.be/GisCRxREDkY

pafret Loc: Northeast

The short answer is that you cannot expect thieves to clamor for better locks. These people have to be gotten rid of and they for the most part can't be voted out. We need term limits and this can only be imposed by the Convention of States constitutional amendment process. It is sad that some like Gowdy and Sessions have to go as well but they all carry too much corporate water to represent the people.

The Federal Reserve is the enabler, the drug peddler, the facilitator of governmental excess. When Nixon took us off the gold standard he set the stage for the one percent to garner most of the nation's wealth. That wasn't his intent but he should have reigned in spending instead of turning on the printing presses. The Federal Reserve itself should never have been brought back from the dead, twice before in our history we had to dissolve central banks and always for the same reason, in their pursuit of profits they destroyed the economy.

Larry the Legend Loc: Not hiding in Milton

Ooooh! I didn't think of that! What a totally EXCELLENT idea!