Tim Smith wrote:
In article <2791963.Ss1ggUqeIi@xxxxxxxxxxxxxxx>,
Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx> wrote:
____/ Homer on Friday 15 May 2009 23:54 : \____
Debt is what makes the modern American economy go ...
... down the toilet.
Yes, there's nothing quite like millions of bubble-headed Yanks spending
other people's money with wild abandon, to cause a global recession, and
bring world progress to a screeching halt.
Are we expected to thank America for this gift of fanatical materialism,
or is Hamilton's dissertation meant to serve as a belated warning?
As astroturfing goes, Smith, this is pretty lame, even for you.
He's pro-greed.
You two are amazing. Is there any subject either of you actually knows
anything about?
Debt has been at the core of most industrial and business activity in
the UK, just like the US, for hundreds of years--just as it has in
pretty much all of the developed world.
It would be hard to find any material thing in your lives that didn't
have its construction or manufacture financed by debt.
Well, first you have to understand debt. Ever since 1913, the Federal
Reserve Act, this has created a debt
based monetary system. That means if you borrow money you have to pay
interest. Very few have looked
into the past history of this country to realize that our fore fathers
have not paid any interests on their
loans. This country, originally, was run from imposts, duties and
tariffs with no income tax to pay off
the interests to the private Federal Reserve. If anyone thinks it is
federal and part of the federal government,
they then should ask if Federal Express is part of the government.
--
"It is impossible to defeat an ignorant man in argument."
William G. McAdoo.
American Government official (1863-1941).
|
|
