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Forum Post: we need money , but do we need interest?

Posted 12 years ago on Oct. 29, 2011, 2:41 p.m. EST by Oberon (35)
This content is user submitted and not an official statement

as an economic unit of value to facilitate transactions we need to use money. Money has been used historically in this land, without the Central Bank, and without bearing interest...and successfully. the government should be in charge of issuing our own internal currency...and assume the national debt, removing the fed. money is money as long as the people that are using it says it is.



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[-] 1 points by PublicCurrency (1387) 12 years ago

"Once the government reclaims the power to create money from the banks, it will no longer need to sell its bonds to investors. It will not even need to levy income taxes... government-issued money would actually be less inflationary than the system we have now; and it is precisely because power and money corrupt that money creation needs to be done by a public body, exercised in full view and with full accountability... what has allowed government to be corrupted today is that it is actually run by the money cartel. Big business holds all the cards, because its affiliated banks have monopolized the business of issuing and lending the national money supply, a function the Constitution delegated solely to Congress." -- Ellen Brown, Web Of Debt

[-] 1 points by stevemiller (1062) 12 years ago

Its bribes stupid, not money.

OWS compared to the Tea Party

Christine O'Donnell was nominated in Delaware to be the Tea Party Republican candidate for the United States Senate. OWS adamantly refuses to endorse much less nominate any candidate to run for election. The OWS believes that they can choose demands that will be enacted by merely sitting in the park holding signs and having petitions signed.

The Tea Party demands to get government out of the lives of all except for sexual behavior. Christine O'Donnell claimed she was against masturbation. Does Christine actually know what masturbation is and has Christine ever masturbated? Christine went right down the line about gay marriage and abortion. Now that Christine has been video taped and has written a book the OWS would be wise to consider making her the poster child for the right wing nuts.

Instead of using Christine O"Donnell as the poster child for Republicans, the OWS prefers to claim that they are the 99% which mathematically includes the 35% of American Republicans who gave a knee jerk reaction applause to Rick Perry when bragged that as Governor of Texas he leads the nation http://www.deathpenaltyinfo.org/number-executions-state-and-region-1976 by far. Perry was proud that he executed 234 and that Perry believes that to be thoughtful.

With Obama on record for being a liar on every campaign promise, and being wrong on every decision he has made in office, the OWS fails to see any opportunity to nominate any candidate for election. During my experience with hundreds of OWS people in person in the park and on the OWS forum they are as uniformly ridiculous and naive as the Tea Party. With all of this clearly on the record, the only conclusion possible is that America is doomed. read more http://overthecoals.blogspot.com/

[-] 1 points by Mooks (1985) 12 years ago

I don't think I follow. Do you mean no Federal Reserve Bank or no interest on anything period?