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| | | Pay The Piper! Call The Tune!
by Elan (12/22/2011)
The debt-money system generates serious problems. One of these is that private banks can create only the amount of the loan; they cannot create the money needed to pay the interest on that loan. There is never, therefore, enough money in the system. This makes growth imperative. The system must grow or die. Debt and the interest on debt grow faster than money and income because debt is the only way to create new money. If the money supply cannot keep up to the cost of debt and interest, the economy will stall. When the burden of debt exceeds the capacity of debtors to pay, or the willingness of lenders to lend, the system must fail. | |
| | | Sorry, Mr. Franklin, “We’re All Democrats Now”
by Ron Paul (01/29/2003)
At the close of the Constitutional Conventional in 1787, Benjamin Franklin told an inquisitive citizen that the delegates to the Constitutional Convention gave the people “a Republic, if you can keep it.” We should apologize to Mr. Franklin. It is obvious that the Republic is gone, for we are wallowing in a pure democracy against which the Founders had strongly warned... (Speech before House of Representatives, Jan 29, 2003) | |
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