Yes Truman was warning to stay clear of Returdlickers!!!

Is it true, according to your knowledge that every federal reserve note printed, the U.S. government must pay back, with intetest, meaning that the system keeps the government and thus the nation in perpetual debt?

The US government is also responsible to prevent crisis as well dummy.

There were bigger financial failures without central banks.

Again, you prove your ignorance!

I have no idea where you got that idea. American paper money has not represented anything other than itself, since the end of the printing of SIlver Certificates in the last century. There's no "pay back" involved. The money is money. And there CERTAINLY is no INTEREST involved.

Did someone tell you that if you stick your cash in a back room somewhere and wait ten years, that you could then take it to a bank and trade it for more face value cash? They were liars.

No, the Fed doesn't "keep the nation in perpetual debt." Congress and the President do that. Reagan ran the debt through the roof, so did several other Presidents, Democrat and Republican alike.

And no, the Fed does NOT "cause all inflation," as some paranoia-suckered person said above. Inflation DOES occur sort-of naturally. The Fed CAN hasten it or rein it in somewhat, but their only power is the lending rate. Adjusting the supply of available cash in the overall system. What all the private institutions do with the cash, is not under Fed control. When lending institutions start making insanely stupid loans, as they did in the lead up to the near total collapse in 2005, the Fed CAN refuse to give them more cash to work with when they come for it, but if the lenders do as they did then, and trade pure VIRTUAL money back and forth, the Fed can't really put the brakes on.

Long ago back in the 60's, we had enough Gold in the US treasury to back every dollar in circulation.

The US Treasury has about 20 trillion dollars in gold reserves. Now, catching up with the modern day, we have over 20 times that of money in circulation. We haven't been able to back the money in circulation to our Gold reserve since Nixon took us off of the Gold standard almost 50 years ago.

So these fools that say we need to go back to the Gold standard must not have passed 3rd grade math, because that would be impossible today.

I laugh when I hear idiots like Ted Cruz tell people we need to go back to the gold standard!

BAD! ---- The Federal Reserve is not accountable to anyone. The Federal Reserve has never undergone a true comprehensive audit since it was created back in 1913. Ron Paul’s proposal to audit the Federal Reserve, which had previously been co-sponsored by 320 members of the U.S. House of Representatives, ultimately failed by a vote of 229-198..

The huge predator megabanks that now dominate the U.S. banking system use the Federal Reserve as a tool to make money. One of the ways they do this is called the U.S. Treasury carry trade. What happens is that the Federal Reserve lends huge amounts of money to the megabanks for next to nothing, and then these megabanks use all that cash to buy U.S. government debt. This little “trick” helped enable four of the biggest U.S. banks (Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup) to have a “perfect quarter” with zero days of trading losses during the first quarter of 2010. Wouldn’t you like to have a perfect batting average?

The Federal Reserve is not part of the U.S. government. The truth is that the Federal Reserve is about as “federal” as Federal Express is. In defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve objected by declaring that it was “not an agency” of the U.S. government and therefore it was not subject to the Freedom of Information Act. It is kind of funny how Fed officials are always talking about how important their “independence” is, but whenever anyone starts criticizing them for being private they start stressing their ties with the government


The Federal Reserve manipulates the U.S. economy by setting national interest rates. By keeping rates high or low, the Federal Reserve has the power to create economic growth or to destroy it. They have the power to inflate massive bubbles and to pop them. Most Americans give way too much credit and blame to presidents like Bush or Obama for how the economy is doing. The truth is that they really don’t have that much control over the economy compared to the Federal Reserve.

Did you know that the only profit that the Federal Reserve bank even gets to keep as their own, is the interest of their loans to banks?

And do you realize that this interest rate that the Fed charges to it's member banks is the lowest rate possible?

All other services to our treasury that the Fed does for our treasury, and they are abundant, is out of the FRB's pocket- not the treasury!

It was an agreement worked out between the FRB and the treasury that allowed them to get the contract with the Treasury in the first place! So don't look a gift horse in the mouth OK?

Hmm, HOW was the country able to survive for 130+ years prior to the federal reserve act/system?

England used the Tally system for over 700 years.

Seems to me, thers ARE other options, better options even.

Hmm, HOW was the country able to survive for 130+ years prior to the federal reserve act/system?

England used the Tally system for over 700 years.

Seems to me, thers ARE other options, better options even.

Yet, you've posted several times, as if YOU are some expert on the subject. If you don't have the time, shut the f**k up and go find something else to do and stop posting bullshit, which according to your own words your posts are, because as you said, you dont have time to educate.

Back in those days, we traded gold with countries as currency.

We are able to operate on currency today.

US dollars are valuable assets almost equal to the British pound.

WHAT gives the dollar value? We know it ain't gold or silver.

Long ago back in the 60's, we had enough Gold in the US treasury to back every dollar in circulation.

The US Treasury has about 20 trillion dollars in gold reserves. Now, catching up with the modern day, we have over 20 times that of money in circulation. We haven't been able to back the money in circulation to our Gold reserve since Nixon took us off of the Gold standard almost 50 years ago.

So these fools that say we need to go back to the Gold standard must not have passed 3rd grade math, because that would be impossible today.

I laugh when I hear idiots like Ted Cruz tell people we need to go back to the gold standard!

What do you know about credit ratings?

You have to read the full report, a**hole.

"But Moody's noted that the country's banks remain among the highest rated globally"

http://business.financialpost.com/news/fp-street/moodys-downgrades-credit-ratings-of-canadas-big-six-banks/wcm/f0b22c1a-8173-4a6e-9375-fd28fbd8253c

By the way wookie, if a serious financial crisis were to happen in Canada, I certainly hope our politicians will bear full responsibility, thus, not play your retarded partisan games, and/or look for a scapegoat.

And I do know the reason for your madness;

Reading, PA.....poorest city in the U.S., poverty rate; over 40%

The difference between Federal Reserve Notes and United States Notes, is that the latter are no longer printed. They are still legal to use, but almost never are, probably because they are more valuable as collectors items than for their face value.