AN EXCERPT FROM THE ARTICLE BELOW: PhD economist and candidate for Florida Governor Farid Khavari wants to create a Bank of the State of Florida, to create credit without burdening the state and its citizens with high interest charges by private banks. See this for details. If the power to create credit were taken away from the Federal Reserve system and its private banks and given back to the government (as the Constitution envisioned), then American taxpayers would save hundreds of billions or trillions of dollars in unnecessary interest charges in paying off the national debt, as the government would not have to pay interest to finance its debt (sovereign nations such as the U.S. and England have the power to create credit and money; see this, this, this, and this). Given that America is already deeply in debt, how can Mr. Bernanke justify the ongoing mountain of interest debts placed on the backs of the American people by the private credit-creation system of which the Fed is a part? got-blogger/weeklyintercept/Farid%20Khavari/?c=-/ Khavari for Florida Governor 2014 - Independent SHARE & SPREAD THE WORD
Posted on: Sun, 05 Oct 2014 03:34:40 +0000
Trending Topics
Recently Viewed Topics
© 2015