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Commenting on The ‘National Debt’ is Smoke And Mirrors!,
1baronrichsnot1 says:
December 9, 2013
Our money, as bob livingston points out is debt! Take a buck out of your wallet, it says federal reserve note! A note is a debt! Not an asset, the note is used to collect taxes from! Print a buck, pay 26% on average income tax, spend it and pay 8% average sales tax, 36 cents federal on energy, every transaction nets the federal gov’t at least 41% taxes, lots of transactions, eh? Now lets print 17trillion of them, the paper last for about a year in the economy, you can say income on that buck is 40% of a 14 trillion economy. The income goes up with acceleration of the money supply, so the more bucks in circulation,(inflation) plus the faster it moves through the economy= more and more income, FROM FIAT CURRENCY! Printed by the federal reserve bank, not a federal institution, but private bankers collecting interest on money they created as debt. “The note”! The reason Bob says that it is the same as hitler’s money supply system is that the Rothchilds, (Red Shield) were named Baer was hired to be their central bank in germany, bankrupted wymar and germany, and changed their name to Rothchild ( the name of the bank)to disquise the scam and the fact that Woodrow Wilson sold out America and allowed a private bank called the “fed” handle congress affairs of controlling the currency in 1913! These central banks even printed the money to buy their stock in the banks! Woodrow spent the rest of his life trying to undo this damage! Now commonly called the money changers! Our debt to them is running about 490 billion a year! All other countries who have this system(called the debt monetary society) is just that, a monetary system that runs on debt! Get one of those bucks, and you have recieved a promissary note that they will cash it at the “window” for, you guessed it, another promissary bankers note! Print money, collect the taxes which are the free money we supply gov’t. Wayne Veale needed some history I guess.
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Personal Liberty

Bob Livingston

founder of Personal Liberty Digest™, is an ultra-conservative American author and editor of The Bob Livingston Letter™, in circulation since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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