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Bill Still: The case for debt free currency

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Bill Still: The case for debt free currency

  1. 1. Banks get to lend 12 x the money theyactually have.-- and charge interest
  2. 2. ”The rich will strive to establish theirdominion and enslave the rest. Theyalways did. They always will.... They willhave the same effect here as elsewhere, ifwe do not, by [the power of]government, keep them in their properspheres.” The Anti-Federalist Papers and the Constitutional Convention Debates, RalphKetcham, ed. (New York, NY, Penguin Group, Signet Classic, 2003), p. 107.
  3. 3. “The treasury, lacking confidence in thecountry, delivered itself bound hand andfoot to bold and bankrupt … bankerspretending to have money, whom it couldhave crushed at any moment.”• Thomas Jefferson, October 1815 letter to Gallatin. Letters and Addresses, edit. William Parker, (New York: 1905).
  4. 4. 3. So if the government does not create the money, who does? Before Quantative Easing started, did the Fed create the money? -- YES -- NO
  5. 5. “As the doctrine is that a public debt is apublic blessing, so they think a perpetualone is a perpetual blessing, and thereforewish to make it so large that we can neverpay it off.”The Jeffersonian Cyclopedia. Edited by John p. Foley, (New York & London, Funk &Wagnalls Company, 1900), p. 236; citing “To Nicholas Lewis. iii, 348. Ford ED, v.505. (Pa., April 1792)
  6. 6. 4. Before QE WHO did create the money?
  7. 7. 6. Can the National Debt be paid off? -- YES -- NO

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