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New Discovery! 2023 Hottest in over 120 Million Years 2024 and beyond in prophecy Questions This Speech Just Broke the Internet Status: Not Logged In; Sign In Economy See other Economy Articles Title: A very secret agent Source: A very secret agent URL Source: http://www.atimes.com/atimes/Global_Economy/MG27Dj02.html Published: Jul 27, 2011 Author: Chris Cook Post Date: 2011-07-28 10:16:46 by lucysmom Keywords: Fiat Currency, Fed Created Tax Credit Views: 48244 Comments: 80 There is a charade playing out in Washington at the moment in respect of the completely meaningless "debt ceiling" which the US maintains as a relic from the days of the gold standard. We are told that at the US Treasury's account at the Federal Reserve Bank there will soon be no more taxpayers' dollars, and therefore the Fed will soon be unable to make any more payments or issue any more cheques on behalf of the Treasury. The money has run out. This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee. Asia Times">Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 64. #3. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0) The debt ceiling is a myth because there is no need to borrow to finance public expenditure and the creation of public assets. As Ron Paul points out, the Fed - which is ludicrously receiving interest from the Treasury in order to pay it right back again as profit - could actually waive or tear up the US$1.6 trillion Treasury debt it has bought through quantitative easing (QE), and it would make precisely no difference other than to reduce the National Debt at a stroke by that amount. lucysmom  posted on  2011-07-28   10:22:52 ET  Reply   Untrace   Trace   Private Reply   #18. To: lucysmom (#3) "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly The fact that you not only accept such nonsense as truth,but even think it is profound truth says a lot about you. What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."? sneakypete  posted on  2011-07-28   11:28:18 ET  Reply   Untrace   Trace   Private Reply   #22. To: sneakypete (#18) What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."? Economics is one of the "soft" social sciences. It is by definition, about human behavior. Engineering is a "hard" physical science. It is about stuff and how stuff works. Human beings can discover how stuff works and use that information to design lots of products that human beings use, but it isn't about human behavior. lucysmom  posted on  2011-07-28   11:54:34 ET  Reply   Untrace   Trace   Private Reply   #32. To: lucysmom (#22) (Edited) It is by definition, about human behavior. No,it is about numbers. If it were about human behavior,it would be called sociology. sneakypete  posted on  2011-07-28   14:35:54 ET  Reply   Untrace   Trace   Private Reply   #33. To: sneakypete (#32) If it were about human behavior,it would be called sociology. Economics is a social science. Definition of ECONOMICS a: a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services lucysmom  posted on  2011-07-28   15:14:36 ET  Reply   Untrace   Trace   Private Reply   #41. To: lucysmom (#33) a: a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services You must be promoting slavery. sneakypete  posted on  2011-07-28   20:34:49 ET  Reply   Untrace   Trace   Private Reply   #54. To: sneakypete, lucysmom (#41) You must be promoting slavery. That's EXACTLY what she is doing. She's a slave... to the state. She worships them, and depends on the crumbs that fall down to her (admittedly low) level, to sustain her. Ironic, that she fights and argues in defense of her masters, and boldly wears her chains and shackles... MORPHEUS The Matrix is everywhere, it's all around us, here even in this room. You can see it out your window, or on your television. You feel it when you go to work, or go to church or pay your taxes. It is the world that has been pulled over your eyes to blind you from the truth. NEO What truth? MORPHEUS That you are a slave, Neo. That you, like everyone else, was born into bondage... ... kept inside a prison that you cannot smell, taste, or touch. A prison for your mind. Capitalist Eric  posted on  2011-07-29   13:46:46 ET  Reply   Untrace   Trace   Private Reply   #55. To: Capitalist Eric (#54) That's EXACTLY what she is doing. She's a slave... to the state. She worships them, and depends on the crumbs that fall down to her (admittedly low) level, to sustain her. The only ones promoting slavery in the US are your fellow capitalists trying to get the best return on their investment. mininggold  posted on  2011-07-29   13:57:36 ET  Reply   Untrace   Trace   Private Reply   #56. To: mininggold a k a stone, jwpegler, hondo68, sneakypete (#55) The only ones promoting slavery in the US are your fellow capitalists trying to get the best return on their investment. Liar. You and I share a very special relationship: you're the parasite, and I'm the host. I want a divorce. Capitalist Eric  posted on  2011-07-29   14:04:29 ET  Reply   Untrace   Trace   Private Reply   #64. To: Capitalist Eric (#56) I want a divorce. A whole bunch of people want to rid themselves of their parasites. They use to be timid. Now they are vocal. The left is scared to death, which is why their propaganda has turned loony tunes. "The Democrats are trying to save life on this planet’ from GOP Budget" -- Nancy Pelosi. They're creepy and they're kooky, Mysterious and spooky, They're all together ooky, The Democrat Pary. jwpegler  posted on  2011-07-29   18:50:02 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 64.         There are no replies to Comment # 64. End Trace Mode for Comment # 64. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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