> > On Jan 25, 2009, at 10:57 AM, Nate Duehr wrote: > > Funny NYPD wrote: >> And the truth for Federal Reserve is there is nothing "Federal", >> there is only a private banks' organization named "Federal". The >> name itself is a lie, it just makes you thinks they represent the >> Federal government. The fact is: there is nothing tied tightly to >> the central government of the US. > --snip-- > > If you really want to get down to it, all banks are fake -- loaning > out > money at 14:1 or whatever has always been a ponzi scheme. The job of > the Fed and SEC is to oversee the private banks. They're not doing > very > well at that. > > But saying the Fed is private is laughable. How long would there > would > be any paper cash in circulation without a Fed and the Treasury. > Would > you recommend we go back to each bank printing their own money? > That's > funny. That is exactly what should happen. Such money would be backed by the reputation the bank which would strive to be reputable. MA WFT Electronics Denver, CO 720 222 1309 " dent the UNIVERSE " All ideas, text, drawings and audio , that are originated by WFT Electronics ( and it's principals ), that are included with this signature text are to be deemed to be released to the public domain as of the date of this communication . -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist