Greenbacks galore

10/7/26:

More rate hikes? The Fed is a hazard. The Fed is not our friends, fellow Americans.

10/6/26:

There was a video that I watched that seemed pretty persuasive to me at the time. It's probably in the posts somewhere, but I haven't looked for it exactly. What it said amounted to a denuniciation of the Federal Reserve Bank.

That may be applicable now in this election season. It seems to me that the Federal Reserve is really a scheme to deprive America of its sovereignty. There really is no need for its existence, other than to be a banker of last resort.

But like so many other things, the Federal Reserve is political. In my opinion, high oil prices are not a cause of inflation. I'm with Milton Friedman on that one. Friedman says inflation is a monetary phenomenon. Therefore, if there's inflation, it is only because the Federal Reserve caused it. If there's a recession, it is only because the Federal Reserve caused it. Friedman suggested an auto-pilot for the Federal Reserve.

If that works, then fine. The idea that the Federal Reserve is "independent" is bunk. It MIGHT be independent in a sense, but it serves the politicians well by off-loading the voter's wrath upon some entity that remains outside any accountability. The politicians can just blame others besides themselves, and call that independence.

So what can you do about it? You can't make people be honest nor good. You can't make people into angels. It's an imperfect world full of imperfect people. Maybe you can pray, and hope for a rescue of some sort. Or just curl up into a fetal position and suck your thumb. You pays your money and you takes your chances.

4/7/25:

There may be other options on the table than this one. It may become clearer in the coming months. That is, unless what I saw yesterday was bravo sierra. In this day and age, most things appear to be.

As a general rule, things aren't always the way they appear to be. Or what somebody claims it to be. For instance, the thing I'm referring to in the above paragraph. If what I saw is true, there's nothing to worry about. Supposedly, their exists some little known reservoir of assets that can be accessed. If such actually exists, there won't be a problem going forward. Supposedly, this will be mentioned soon.

Most fears may be based upon ignorance. But why should there be any ignorance? Because certain people get an advantage that way. Therefore, ignorance is their tool to gain power. If knowledge is power, then ignorance must result in the lack of it.

2/16/25:

In his book, Free to Choose, Milton Friedman said that money has taken many forms over the years. The natural thing is to create a currency in order to facilitate trade, as people are inclined to trade with each other. This can be observed in prisons, where cigarettes are used as a currency between inmates. If it isn't cigarettes, it would be something. This is an inevitability, because something is going to be used as a currency. It doesn't have to be gold, it can be anything that will be accepted.

For those who feel nervous about a greenback currency, there is a way to back it. But if you use gold, the gold will be manipulated in order to gain control over the currency. Hence, a type of serfdom will be imposed by the banksters. At this very time, the price of gold is being manipulated It is ALWAYS being manipulated, to serve the purposes of the banksters. We are enthralled to the banksters. A greenback currency that is backed by something that cannot be easily manipulated is the way of freedom from the banksters.

I would suggest that we lock out the banksters, and take over our own currency. We need to take precautions to stop an attempt to take it back over. For short periods, the USA had currency freedom. It had it prior to the Revolution. It had it after the Jackson years. It had it briefly during the Lincoln years. For most of the years after Lincoln, there was some limited control of the currency, as the banksters wore it down until they took over again with the Federal Reserve Act. The banksters are relentless in their attempts to enthrall us all.

How to do this in such a way that the banksters will not easily get their power back? That is the question.

2/15/25:

How to slash $1 trillion from spending in one year

The concept is simple. Just replace the currency with Federal Notes, as opposed to Federal Reserve Notes. It may not seem like a difference, but there'd be one BIG difference. A Federal Note will not pay interest because it isn't created through debt. No debt, no interest due on bonds. It's the bonds that cause the interest on the debt. If there's no bonds, then there will be no debt. If there's no debt, there will be no payments on the debt, which costs the Treasury $1 trillion per year.

Would this be inflationary? I don't know, but somebody thinks it wouldn't be. It would be seamless. The only difference is how the money is brought into existence. The way we do it now is by debt. The debt is owed to investors in bonds.

This was done during the Civil War, and the currency was called "greenbacks". We'd be going on Lincoln's greenback system.

The only ones to suffer would be the central banks who now get interest paid to them through the debt incurred in creating the money. No new laws need to be written, but you may have to repeal the Federal Reserve Act, and perhaps a Civil War Era law that replaced the greenback. Lincoln had to abandon the greenback under duress from the central banks.

The central banks are not our friends, ya'll. This would probably work, but there'd be a lot of resistance. Backing the buck with gold won't do the trick. Gold is too easily manipulated. It'd have to be the greenback. Discontinue the Federal Reserve Bank, and use Federal Notes issued directly by the Treasury, and save a lot of money in interest.