Discuss Britain's Fattest Man in the UK Tiling Forum area at TilersForums.com.

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Alberta Stone

every penny he has recieved for years is from our pockets, hes made more money than he would have earned if he worked for a living

maybe the government should sue him for getting so fat and expecting us to pay for it
Actually that is not technically true as every penny you pay in taxes goes to pay off the interest to the holders of the bonds used to issue the currency in the first place.
Here is how it works:
-gov't wishes to issue say a billion dollars (pounds, lira, francs, pesos, whatever) in currency, now they have the right to do, so but they gave that away to a private banking institution and the private company then issues a billion dollars worth of bonds which are sold to other private interests, then they print the cash
which is their property, not yours, nor the country whose name is on it.
The taxes collected are like the rent and all that money goes to pay off the bondholders.
Any money needed for public works is then calculated at the same number as taxes collected and then is borrowed into existence, again at interest.

******
“I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money…..
I believe the time will come when people will demand that this be changed.
I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.”
~Wright Patman (Dem. congressman 1928-1976; Chairman, committee on banking and currency 1963-1975)

******
“That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”
Marriner S. Eccles, Chairman and Governor of the Federal Reserve Board

******

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented.
Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again.
Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in.
But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”
~Sir Josiah Stamp Director, Bank of England 1928-1941
******
 
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