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To: goldsnow who wrote (73155)	7/9/2001 10:51:40 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116753

GOLDSNOW????...good gawd...the goldclan's a gatherin'...WHOOOOha! <eom>

To: goldsnow who wrote (73155)	7/10/2001 7:53:18 AM
From: long-gone	Respond to of 116753

The Federal Reserve Is All About Stupidity By Charley Reese creese@orlandosentinel.com © 2001 The Orlando Sentinel 7-9-1 In the late 1960s, you could buy four or five heavy bags of groceries at a supermarket for about $17. Today, you can carry $17 worth groceries in a plastic sack hooked around your little finger. Ever wondered why the change? It's simple. Our currency has been devalued. When a nation's currency is devalued, businesses and professions can raise prices and fees to compensate for the loss of value. It's the working men and women who get the shaft. America's money and credit system is deliberately confusing. The people who designed it were logically afraid that if people understood it, they would never put up with it. Let's start with the money in your pocket. You will notice that it is a Federal Reserve Note. It is redeemable in nothing. It is backed up by nothing. Its exchange value, or purchasing power, is determined by the volume in circulation in comparison with the goods and services available at any given time. What makes the scam possible are those 11 little words tucked away in small type. "This note is legal tender for all debts, public and private." Without a legal-tender law, people could defend themselves against devaluation by simply switching to gold or silver or even to a more-stable foreign currency, such as the Swiss franc. In the early days of the Republic, there were many different kinds of money in use. The next step in figuring all this out is to realize that the Federal Reserve System is a privately owned central bank. It was made confusing deliberately. There are 12 regional Federal Reserve Banks, each one private and owned by the commercial banks. As in George Orwell's Animal Farm, all the Federal Reserve Banks are equal, but the New York Federal Reserve Bank is more equal than the others are. It handles the government bonds, and its president has a permanent seat on the Federal Reserve Board. This board, whose members are appointed by the president, is a quasi-governmental organization. More quasi than governmental, I assure you. So here is how your money is devalued. When Congress wants to spend $50 billion more than it collects in taxes, it goes to the Federal Reserve. The government gives the Federal Reserve $50 billion in government bonds, and the Federal Reserve adds $50 billion to the government's checking account. Seems reasonable. But there is a catch. Where does the Federal Reserve get the $50 billion to put into the government's checking account? It creates it out of nothing, with a keystroke. The bonds and the interest due on them are paid for with taxes, which is to say the sweat and labor of the American people. In the meantime, to stay with our example, $50 billion in new money has been put into the system. In addition to that, the Federal Reserve can manipulate the economy. To put more money into the system, always in the form of debt at interest, it lowers interest rates; to take money out of the system, it raises interest rates. But always the Federal Reserve acts in the interests of banks -- not in the interests of the people or the country. Ignorant reporters have recently elevated the current Federal Reserve chairman, Alan Greenspan, to folk-hero status. Nothing is more absurd. Still, as another American hero said, "Stupid is as stupid does." sightings.com

To: goldsnow who wrote (73155)	7/12/2001 12:26:15 AM
From: Alex	Respond to of 116753

Hello old friend. A golden chuckle for ya........... This is actually a true story that happened to one of our readers here at Jokes.com, but it's as funny as any joke we've heard: One day on the way home from work, I stopped at the local Pharmacy and while I was checking out, I picked up some candy to take home for me and my 7-year old son. It was a bag of Gold Coins (Gold Foil-covered chocolate candy coins). There were many sizes, from dime to dollar. I took the bag home, and me and my son opened the bag and ate all of the coins, my son taking the bigger dollar-sized ones and me taking the smaller ones. The next day, my wife, my son and I stopped at the Pharmacy again to pick up a few things. While my wife and I were shopping, we noticed that my son had picked up a Gold Coin Condom. Before we could catch him, he took it up to the counter and asked the Pharmacist, ''What's this?'' The woman, looking very serious, said, ''That's a condom, son.'' To which my son replied, ''My daddy BOUGHT me some of these yesterday!'' With a disgusted look on her face, the Pharmacist replied, ''Those are NOT for children, young man.'' And finally, my son replied, ''Then I'll buy this one for my Daddy. He likes the LITTLE ones!''