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	<title>Comments on: Can you have an independent Central Bank in a democracy?</title>
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		<title>By: Adrian Peirson</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3409</link>
		<dc:creator>Adrian Peirson</dc:creator>
		<pubDate>Thu, 18 Dec 2008 00:29:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3409</guid>
		<description>The IRS is illegal because the Federal Reserve is a Private Corporation. It is NOT a Federal institution. 
 
It is put there to give us the illusion of freedom, democracy yet the leadership of all three parties are chosen in secret Bilderberg meetings. 
  &lt;a href=&quot;http://www.infowars.net/articles/October2006/201006Bilderberg.htm&quot; rel=&quot;nofollow&quot;&gt;http://www.infowars.net/articles/October2006/2010...&lt;/a&gt; 
 
Since currency is unbacked by anything of value, why does Govt Print Gilts instead of the Money it wishes to Borrow. 
 
If Govt had Printed EXACTLY the same amount of money rather than Borrowed it (through the issuance of Gilts) over the past decades, 
 
would our children have &#163;1Trillion pounds worth of debt. 
 
 
We are being Farmed, Gutted, Mugged. </description>
		<content:encoded><![CDATA[<p>The IRS is illegal because the Federal Reserve is a Private Corporation. It is NOT a Federal institution. </p>
<p>It is put there to give us the illusion of freedom, democracy yet the leadership of all three parties are chosen in secret Bilderberg meetings.<br />
  <a href="http://www.infowars.net/articles/October2006/201006Bilderberg.htm" rel="nofollow">http://www.infowars.net/articles/October2006/2010&#8230;</a> </p>
<p>Since currency is unbacked by anything of value, why does Govt Print Gilts instead of the Money it wishes to Borrow. </p>
<p>If Govt had Printed EXACTLY the same amount of money rather than Borrowed it (through the issuance of Gilts) over the past decades, </p>
<p>would our children have &pound;1Trillion pounds worth of debt. </p>
<p>We are being Farmed, Gutted, Mugged.</p>
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		<title>By: Jim</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3408</link>
		<dc:creator>Jim</dc:creator>
		<pubDate>Sat, 13 Dec 2008 12:00:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3408</guid>
		<description>Its quite clear to me a government should have the right to issue its own money. 
The right too issue money into the econmy of a nation by a central bank effectivly trumps the power of any political party. 
  &lt;a href=&quot;http://video.google.com/videoplay?docid=-515319560256183936&quot; rel=&quot;nofollow&quot;&gt;http://video.google.com/videoplay?docid=-51531956...&lt;/a&gt; </description>
		<content:encoded><![CDATA[<p>Its quite clear to me a government should have the right to issue its own money.<br />
The right too issue money into the econmy of a nation by a central bank effectivly trumps the power of any political party.<br />
  <a href="http://video.google.com/videoplay?docid=-515319560256183936" rel="nofollow">http://video.google.com/videoplay?docid=-51531956&#8230;</a></p>
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		<title>By: Adrian Peirson</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3407</link>
		<dc:creator>Adrian Peirson</dc:creator>
		<pubDate>Wed, 04 Jun 2008 01:44:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3407</guid>
		<description>Are we no longer Sovereign, are we Owned by the International Bankers. 
 
Our Birth certificate effectively makes us nothing more than Corporate entities. 
We are Owned by the Global Elite who farm us, at the end of our usefull life the Establishment disposesses us of our Wealth ( forcing the elderly to sell their homes to pay for care ) then disposes of us as quickly as possible. 
  &lt;a href=&quot;http://youtube.com/watch?v=lOSgS9odK8s&amp;feature=related&quot; rel=&quot;nofollow&quot;&gt;http://youtube.com/watch?v=lOSgS9odK8s&amp;featur...&lt;/a&gt; 
 
This is not just a quirky way of looking at our plight it appears that our laws have been set up this way. 
  &lt;a href=&quot;http://planetquo.com/The-Law-Is-An-Ass-And-You-Are-Made-Of-Straw&quot; rel=&quot;nofollow&quot;&gt;http://planetquo.com/The-Law-Is-An-Ass-And-You-Ar...&lt;/a&gt; 
 
This explains why Corporatism seems to be taking over, closing down the Post offices to be replaced by Fed Ex, Privatising failing hospitals (which the Govt causes to fail) </description>
		<content:encoded><![CDATA[<p>Are we no longer Sovereign, are we Owned by the International Bankers. </p>
<p>Our Birth certificate effectively makes us nothing more than Corporate entities.<br />
We are Owned by the Global Elite who farm us, at the end of our usefull life the Establishment disposesses us of our Wealth ( forcing the elderly to sell their homes to pay for care ) then disposes of us as quickly as possible.<br />
  <a href="http://youtube.com/watch?v=lOSgS9odK8s&amp;feature=related" rel="nofollow">http://youtube.com/watch?v=lOSgS9odK8s&#038;featur&#8230;</a> </p>
<p>This is not just a quirky way of looking at our plight it appears that our laws have been set up this way.<br />
  <a href="http://planetquo.com/The-Law-Is-An-Ass-And-You-Are-Made-Of-Straw" rel="nofollow">http://planetquo.com/The-Law-Is-An-Ass-And-You-Ar&#8230;</a> </p>
<p>This explains why Corporatism seems to be taking over, closing down the Post offices to be replaced by Fed Ex, Privatising failing hospitals (which the Govt causes to fail)</p>
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		<title>By: Adrian Peirson</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3406</link>
		<dc:creator>Adrian Peirson</dc:creator>
		<pubDate>Sat, 31 May 2008 23:42:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3406</guid>
		<description>I can tell You&#039;re still not convinced are you John, 
 
Ok try this 
 
The Elite&#039;s Brueprint for a global business Model. 
  &lt;a href=&quot;http://www.theforbiddenknowledge.com/hardtruth/silentweaponsforquietwars.htm&quot; rel=&quot;nofollow&quot;&gt;http://www.theforbiddenknowledge.com/hardtruth/si...&lt;/a&gt; 
 
Now watch this.  &lt;a href=&quot;http://www.youtube.com/watch?v=7nD7dbkkBIA&amp;feature=related&quot; rel=&quot;nofollow&quot;&gt;http://www.youtube.com/watch?v=7nD7dbkkBIA&amp;fe...&lt;/a&gt; 
 
Now watch this  &lt;a href=&quot;http://www.endgamethemovie.com&quot; rel=&quot;nofollow&quot;&gt;http://www.endgamethemovie.com&lt;/a&gt; 
 
and  &lt;a href=&quot;http://www.prisonplanet.com&quot; rel=&quot;nofollow&quot;&gt;http://www.prisonplanet.com&lt;/a&gt; 
 
See, I told you. </description>
		<content:encoded><![CDATA[<p>I can tell You&#039;re still not convinced are you John, </p>
<p>Ok try this </p>
<p>The Elite&#039;s Brueprint for a global business Model.<br />
  <a href="http://www.theforbiddenknowledge.com/hardtruth/silentweaponsforquietwars.htm" rel="nofollow">http://www.theforbiddenknowledge.com/hardtruth/si&#8230;</a> </p>
<p>Now watch this.  <a href="http://www.youtube.com/watch?v=7nD7dbkkBIA&amp;feature=related" rel="nofollow">http://www.youtube.com/watch?v=7nD7dbkkBIA&#038;fe&#8230;</a> </p>
<p>Now watch this  <a href="http://www.endgamethemovie.com" rel="nofollow">http://www.endgamethemovie.com</a> </p>
<p>and  <a href="http://www.prisonplanet.com" rel="nofollow">http://www.prisonplanet.com</a> </p>
<p>See, I told you.</p>
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		<title>By: Adrian Peirson</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3405</link>
		<dc:creator>Adrian Peirson</dc:creator>
		<pubDate>Thu, 29 May 2008 21:34:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3405</guid>
		<description>But our Money is NOT backed by gold it can&#039;t be, Gordon sold most of it, at its most basic level he swapped a pile of Gold for a Pile of Paper  !!!  there is something wrong there, my belief is that this Gold now sits in the vault of a Private International Banker somewhere. 
Our country is being gutted, fishing waters, industries, Gold. 
 
Funny that Argentina&#039;s 
economy collapsed after the Falklands, there are a number of countries that do not have central banks run by the IMF and the Global Bankers, Venezuela, Syria, Iran, and North Korea, 
 
do these countries sound familiar. 
  &lt;a href=&quot;http://www.youtube.com/results?search_query=money+ron+paul&amp;search_type=&quot; rel=&quot;nofollow&quot;&gt;http://www.youtube.com/results?search_query=money...&lt;/a&gt; </description>
		<content:encoded><![CDATA[<p>But our Money is NOT backed by gold it can&#039;t be, Gordon sold most of it, at its most basic level he swapped a pile of Gold for a Pile of Paper  !!!  there is something wrong there, my belief is that this Gold now sits in the vault of a Private International Banker somewhere.<br />
Our country is being gutted, fishing waters, industries, Gold. </p>
<p>Funny that Argentina&#039;s<br />
economy collapsed after the Falklands, there are a number of countries that do not have central banks run by the IMF and the Global Bankers, Venezuela, Syria, Iran, and North Korea, </p>
<p>do these countries sound familiar.<br />
  <a href="http://www.youtube.com/results?search_query=money+ron+paul&amp;search_type=" rel="nofollow">http://www.youtube.com/results?search_query=money&#8230;</a></p>
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		<title>By: Neil Craig</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3404</link>
		<dc:creator>Neil Craig</dc:creator>
		<pubDate>Sat, 24 May 2008 10:26:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3404</guid>
		<description>So if nobody ever even hopes the government will &quot;pay on demand&quot; then we have open ended inflation where a loaf of bread costs millions (as in Zimbabwe &amp; 1920s Germany among others), nobody ever tries to save any money (at least in currency form) &amp; all such assets or fixed income pensions become worthless. I don&#039;t see the upside of that. </description>
		<content:encoded><![CDATA[<p>So if nobody ever even hopes the government will &quot;pay on demand&quot; then we have open ended inflation where a loaf of bread costs millions (as in Zimbabwe &amp; 1920s Germany among others), nobody ever tries to save any money (at least in currency form) &amp; all such assets or fixed income pensions become worthless. I don&#039;t see the upside of that.</p>
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		<title>By: mikestallard</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3403</link>
		<dc:creator>mikestallard</dc:creator>
		<pubDate>Sat, 24 May 2008 07:22:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3403</guid>
		<description>All paper money is, surely, just a piece of paper promising to pay the bearer, on demand, a certain amount of gold? 
In default of gold, we have the strength of the economy represented. the promise still holds - as long as the economy stands up to scrutiny. 
 
When that economy is overvalued, the pieces of paper lose their power. 
 
The banking system knows this and makes money out of it. 
Therefore, if you print more money, its value is bound to go down because you have more money resting on the same economy. 
Ask Argentina, any Sierra Leonian or President Mugabe. </description>
		<content:encoded><![CDATA[<p>All paper money is, surely, just a piece of paper promising to pay the bearer, on demand, a certain amount of gold?<br />
In default of gold, we have the strength of the economy represented. the promise still holds &#8211; as long as the economy stands up to scrutiny. </p>
<p>When that economy is overvalued, the pieces of paper lose their power. </p>
<p>The banking system knows this and makes money out of it.<br />
Therefore, if you print more money, its value is bound to go down because you have more money resting on the same economy.<br />
Ask Argentina, any Sierra Leonian or President Mugabe.</p>
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		<title>By: Adrian Peirson</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3402</link>
		<dc:creator>Adrian Peirson</dc:creator>
		<pubDate>Fri, 23 May 2008 23:19:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3402</guid>
		<description>You can never repay money because it costs more to get it out of circulation than to put it in. 
 
Why do we need to repay it or take it out. Simply print it and distribute it into the economy. It doesnt need repaying. 
 
If you double the money in circulation then to buy back the new half would take as much gold as would have paid for all the old currency in the first place. 
 
I refer the honourable gentleman to the answer I have just given. 
 
 
 
If you go for bonds you at least know that it is possible to pay them off &amp; the public can at least believe they will be redeemed. 
 
If Govt simply prints the money, it doesnt need repaying. simply sat ro General Dannat, Here is &#194;&#163;2 Billion, happy shopping. 
 
 
If you print money everybody knows it won&#226;&#8364;&#8482;t be. 
 
 
Again Why repay bonds when givt could (but doesnt) simply print the Money. 
 
Let me give an example, General Dannat wants &#194;&#163;2 Billion for our Army, so Govt prints a load of bonds and sells then. 
Bankers buy them, general dannat now has &#194;&#163;2 Billion and goes shopping. 
 
5 Years later the Bankers come to the Givt with the Bonds and the Givt must Pay 5 Billion PLUS 5% interest Per annum which govt can only raise ny Taxing us to the tune of &#194;&#163;5.25Billion 
 
 
If Govt simply printed the Money and gave it to general Dannat it would cost NOTHING. 
 
Paper bonds haver no more intrinsic value than Paper money. 
 
So who benefits from doing the money dance this way ( You already know the answer to this John ) </description>
		<content:encoded><![CDATA[<p>You can never repay money because it costs more to get it out of circulation than to put it in. </p>
<p>Why do we need to repay it or take it out. Simply print it and distribute it into the economy. It doesnt need repaying. </p>
<p>If you double the money in circulation then to buy back the new half would take as much gold as would have paid for all the old currency in the first place. </p>
<p>I refer the honourable gentleman to the answer I have just given. </p>
<p>If you go for bonds you at least know that it is possible to pay them off &amp; the public can at least believe they will be redeemed. </p>
<p>If Govt simply prints the money, it doesnt need repaying. simply sat ro General Dannat, Here is &Acirc;&pound;2 Billion, happy shopping. </p>
<p>If you print money everybody knows it won&acirc;&euro;&trade;t be. </p>
<p>Again Why repay bonds when givt could (but doesnt) simply print the Money. </p>
<p>Let me give an example, General Dannat wants &Acirc;&pound;2 Billion for our Army, so Govt prints a load of bonds and sells then.<br />
Bankers buy them, general dannat now has &Acirc;&pound;2 Billion and goes shopping. </p>
<p>5 Years later the Bankers come to the Givt with the Bonds and the Givt must Pay 5 Billion PLUS 5% interest Per annum which govt can only raise ny Taxing us to the tune of &Acirc;&pound;5.25Billion </p>
<p>If Govt simply printed the Money and gave it to general Dannat it would cost NOTHING. </p>
<p>Paper bonds haver no more intrinsic value than Paper money. </p>
<p>So who benefits from doing the money dance this way ( You already know the answer to this John )</p>
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		<title>By: Neil Craig</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3401</link>
		<dc:creator>Neil Craig</dc:creator>
		<pubDate>Thu, 22 May 2008 19:09:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3401</guid>
		<description>You can never repay money because it costs more to get it out of circulation than to put it in. If you double the money in circulation then to buy back the new half would take as much gold as would have paid for all the old currency in the first place. 
 
If you go for bonds you at least know that it is possible to pay them off &amp; the public can at least believe they will be redeemed. If you print money everybody knows it won&#039;t be. </description>
		<content:encoded><![CDATA[<p>You can never repay money because it costs more to get it out of circulation than to put it in. If you double the money in circulation then to buy back the new half would take as much gold as would have paid for all the old currency in the first place. </p>
<p>If you go for bonds you at least know that it is possible to pay them off &amp; the public can at least believe they will be redeemed. If you print money everybody knows it won&#039;t be.</p>
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		<title>By: Adrian Peirson</title>
		<link>http://johnredwoodsdiary.com/2008/05/18/can-you-have-an-independent-central-bank-in-a-democracy/#comment-3400</link>
		<dc:creator>Adrian Peirson</dc:creator>
		<pubDate>Thu, 22 May 2008 12:32:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=1083#comment-3400</guid>
		<description>John I appreciate that simply turning on the Printing presses would deflate the value of money. 
 
Howevere All things being equal and taking into consideration all inflationary precautions, it must be cheaper for the Govt to Print Money, than to Print Bonds that carry an interest penalty serviced by our taxes, why does it do this. 
Why Not give General Dannat &#194;&#163;2Billion freshly printed notes rather than raise this &#194;&#163;2Billion through Bonds, because these Bonds must be services via our taxes and they carry an idditional cost in that they must be repaid with interest. 
 
Who benefits. 
 
The reason I labour the point is that in the Video Below and in a number of articles it appears that once upon a time the Crown had the legal right to Print money ( that was then backed by Gold ). 
 
This was subverted by an agreement between the Crown and the International Bankers who agreed that they would print all the money that Govt desired if our taxes could be channelled up to the International Bankers. 
 
Thinking about it, this would explain why Govt Prints Bonds, Not Currency. 
Bacause if you think about it, who is it that buys these Interest bearing Bonds, I would argue that in large part it is Banking and financial sector. 
 
  &lt;a href=&quot;http://www.youtube.com/watch?v=OnwLgrSJZKs&quot; rel=&quot;nofollow&quot;&gt;http://www.youtube.com/watch?v=OnwLgrSJZKs&lt;/a&gt; 
 
 
So the question remains, All things being equal, why would a Govt Print Gilts rather than Print Money. </description>
		<content:encoded><![CDATA[<p>John I appreciate that simply turning on the Printing presses would deflate the value of money. </p>
<p>Howevere All things being equal and taking into consideration all inflationary precautions, it must be cheaper for the Govt to Print Money, than to Print Bonds that carry an interest penalty serviced by our taxes, why does it do this.<br />
Why Not give General Dannat &Acirc;&pound;2Billion freshly printed notes rather than raise this &Acirc;&pound;2Billion through Bonds, because these Bonds must be services via our taxes and they carry an idditional cost in that they must be repaid with interest. </p>
<p>Who benefits. </p>
<p>The reason I labour the point is that in the Video Below and in a number of articles it appears that once upon a time the Crown had the legal right to Print money ( that was then backed by Gold ). </p>
<p>This was subverted by an agreement between the Crown and the International Bankers who agreed that they would print all the money that Govt desired if our taxes could be channelled up to the International Bankers. </p>
<p>Thinking about it, this would explain why Govt Prints Bonds, Not Currency.<br />
Bacause if you think about it, who is it that buys these Interest bearing Bonds, I would argue that in large part it is Banking and financial sector. </p>
<p>  <a href="http://www.youtube.com/watch?v=OnwLgrSJZKs" rel="nofollow">http://www.youtube.com/watch?v=OnwLgrSJZKs</a> </p>
<p>So the question remains, All things being equal, why would a Govt Print Gilts rather than Print Money.</p>
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