Thomas Jefferson (good) vs. Alexander Hamilton (bad). Should US finances be run by a central bank? If you read G. Edward Griffin's book, "The Creature From Jekyll Island, A Second Look at the Federal Reserve," you will probably get angry, as I did, at how a small group of bankers surrepticiously took control of this country's money and all of your money and your children's money and their children's money and so on.
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Bruce
"Do you remember all of the warnings that we have received over the years about what would take place when foreign countries started dumping U.S. debt?
Well, it looks like it may be starting to happen.
Unfortunately, there is no way that the party that the U.S. government has been throwing can continue without foreigners buying our debt. We have added more than 11 trillion dollars to the national debt since the year 2000, and according to Boston University economist Laurence Kotlikoff we are facing unfunded liabilities in future years that are in excess of 200 trillion dollars.
Even with foreigners continuing to loan us gigantic mountains of super cheap money, it would still take a doubling of our taxes to put us on a fiscally sustainable course…"
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