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Correct me if I am wrong but this idea is just eating away at me.

 
Storm
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User ID: 847414
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03/21/2010 09:18 PM
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Correct me if I am wrong but this idea is just eating away at me.
I have been thinking what if we were to pay off the debt to the Fed? You know just Thank them and send them on thier way and then open a United States Bank, one that was Owned and Funded by Taxpayers(dollars). Would it not be possible with a small interest rate over the course of 20 to 30 years be possible to literally have our Budget paid for by profit from the interest. Just a small percentage at first but then more and more over time until perhaps all of it could be covered. Of course this interest I mention would be paid into an account and allowed to grow and accumulate until it reached the amount of our yearly budget.

If the answer is yes or even close to yes. Does anyone really wonder wtf is wrong with our leaders? damnedPeace
Storm
Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty.
-Thomas Jefferson
Down these mean streets a man must go who is not himself mean, who is neither tarnished nor afraid.
—Raymond Chandler, 1944
Is man an ape or an angel? Now I am on the side of the angels.
—Benjamin Disraeli, 1864
I love America more than any other country in this world, and, exactly for this reason, I insist on the right to criticize her perpetually.
James A. Baldwin
Anonymous Coward
User ID: 862967
Australia
03/21/2010 09:19 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
There are probably many ways like what you mentioned that could help things recover. But recovery is not the aim! It's as simple as that imho
Storm  (OP)

User ID: 847414
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03/21/2010 09:26 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
Yeah This is the same conclusion I have come to as well sadly. Forgetting the hegelian dialectic its pretty clear both sides are busting thier balls destroying this country and many others.
Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty.
-Thomas Jefferson
Down these mean streets a man must go who is not himself mean, who is neither tarnished nor afraid.
—Raymond Chandler, 1944
Is man an ape or an angel? Now I am on the side of the angels.
—Benjamin Disraeli, 1864
I love America more than any other country in this world, and, exactly for this reason, I insist on the right to criticize her perpetually.
James A. Baldwin
Anonymous Coward
User ID: 862967
Australia
03/21/2010 09:36 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
Haha yes more like an anti-synthesis. We're doomed!
Anonymous Coward
User ID: 922077
United States
03/21/2010 09:41 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
There are probably many ways like what you mentioned that could help things recover. But recovery is not the aim! It's as simple as that imho
 Quoting: Anonymous Coward 862967



I agree. That sounds like a reasonable solution, but they're not into "solutions" but rather agendas.
Anonymous Coward
User ID: 739419
United States
03/21/2010 09:43 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
I have been thinking what if we were to pay off the debt to the Fed? You know just Thank them and send them on thier way and then open a United States Bank, one that was Owned and Funded by Taxpayers(dollars). Would it not be possible with a small interest rate over the course of 20 to 30 years be possible to literally have our Budget paid for by profit from the interest. Just a small percentage at first but then more and more over time until perhaps all of it could be covered. Of course this interest I mention would be paid into an account and allowed to grow and accumulate until it reached the amount of our yearly budget.

If the answer is yes or even close to yes. Does anyone really wonder wtf is wrong with our leaders? damnedPeace
Storm
 Quoting: Storm

That's how it was supposed to be done.
But first Hamilton sold us out by conning Jefferson and then Wilson sold us out.
malu

User ID: 800077
United States
03/21/2010 09:44 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
"we" are the problem, and "they" are the cure

our survival is not in their future


now i don't like to start shit, but if someone walks up to me and says "i am going to kick your ass" , his head should be hitting the ground while sounding out "ass"
"By way of deception, thou shalt do war."

Israel's Mossad

"The truth shall set you free."

U.S. Central Intelligence Agency Motto
onelove

User ID: 912804
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03/21/2010 09:50 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
I have been thinking what if we were to pay off the debt to the Fed? You know just Thank them and send them on thier way and then open a United States Bank, one that was Owned and Funded by Taxpayers(dollars). Would it not be possible with a small interest rate over the course of 20 to 30 years be possible to literally have our Budget paid for by profit from the interest. Just a small percentage at first but then more and more over time until perhaps all of it could be covered. Of course this interest I mention would be paid into an account and allowed to grow and accumulate until it reached the amount of our yearly budget.

If the answer is yes or even close to yes. Does anyone really wonder wtf is wrong with our leaders? damnedPeace
Storm
 Quoting: Storm



1st off.. you would need gold,silver,and possibly other precious metals and gemstones to back the paper money...after all, money is just a piece of paper..Better yet, it would be better to just go back to bartering days as in the beginning...gold was used back then as well. :)

God bless!

Last Edited by ~Christine~ on 03/21/2010 09:52 PM
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Anonymous Coward
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Canada
03/21/2010 09:53 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
I would still be broke blink
Nyhee7
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United States
03/21/2010 10:02 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
I have been thinking what if we were to pay off the debt to the Fed? You know just Thank them and send them on thier way and then open a United States Bank, one that was Owned and Funded by Taxpayers(dollars). Would it not be possible with a small interest rate over the course of 20 to 30 years be possible to literally have our Budget paid for by profit from the interest. Just a small percentage at first but then more and more over time until perhaps all of it could be covered. Of course this interest I mention would be paid into an account and allowed to grow and accumulate until it reached the amount of our yearly budget.

If the answer is yes or even close to yes. Does anyone really wonder wtf is wrong with our leaders? damnedPeace
Storm
 Quoting: Storm


Good suggestion, Storm.

But the peeps on here are right, its about agendas. They can't create a revolution and chaos in the streets if they don't crack down on us and cause us to rebel. See, when they do that, they get to send the police and military after us so that they can legally cull the herds and depopulate the country.
Anonymous Coward
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United States
03/21/2010 10:06 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
That would be great if paying off the mob meant that the mob would roll up its game and leave us alone. It doesn't work that way. You cut into their game, and you get cut.
anonanon
User ID: 922153
Switzerland
03/21/2010 10:10 PM
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Re: Correct me if I am wrong but this idea is just eating away at me.
You cannot give them any more money. They would never use it to pay down the national debt, they would just use it for their outrageous spending on earmarks.

The only way is a balanced budget amendment and a law forbidding "earmarked" projects being attached to ever bill that Congress considers.

That would require them to cut spending across the board and shut down some federal agencies. Each and every agency needs to be looked at with the question of: Is that really a necessary thing for the federal government to do?

We need a debate on what really is federal and national and what isn't.





GLP