videorebel is posting again soon after the last with thoughts about some of our upcoming troubles;

3 million Americans starved to death in the 1930s according to the demographer Borisov. There were only 123 million Americans in 1929. They did not have to die. Eight professors from the University of Chicago gave FDR a plan that would have ended the Depression in 90 days. It was basically Dr Irving Fisher’s theory of 100% money.

He would have repealed our Federal Reserve system which allows a privately owned company to issue our currency and to charge us interest for loaning us our money (Federal Reserve Notes) into circulation. Fisher would have replaced our debt based currency with a non-interest bearing currency like President Lincoln’s Greenbacks. Under Lincoln’s system all currency was issued by the Treasury and not by a privately owned Federal Reserve Bank which charges us taxpayers interest on money they created out of thin air.

If we had a non-interest bearing currency, we would not have a $27 trillion debt and be paying over half a trillion dollars a year in interest. Nor would we have an infrastructure deficit of bridges, sewers, schools and roads needing repair. We could pay for all that and create lots of high paying jobs by spending money on roads and schools.

The second part of 100% money is to repeal fractional reserve banking. That would have ended the Depression. Under our system of debt based fractional reserve banking, no checking account money can be issued until someone comes into a bank and borrows money at interest. Bankers create checking account money when they issue $100 in loans for every $10 on deposit.

Who in his right mind would borrow money at interest in 1933 America?........read more......