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Thomas Edison was against the parasitic Federal reserve
08-28-2015, 07:33 PM
Post: #1
Thomas Edison was against the parasitic Federal reserve
Thomas Edison was an advocate for monetary reform in the United States. He was ardently opposed to the gold standard and debt-based money. Famously, he was quoted in the New York Times stating "Gold is a relic of Julius Caesar, and interest is an invention of Satan."[99]
In the same article, he expounded upon the absurdity of a monetary system in which the taxpayer of the United States, in need of a loan, be compelled to pay in return perhaps double the principal, or even greater sums, due to interest. His basic point was that if the Government can produce debt-based money, it could equally as well produce money that was a credit to the taxpayer.[99]
He thought at length about the subject of money over 1921 and 1922. In May 1922, he published a proposal, entitled "A Proposed Amendment to the Federal Reserve Banking System".[100] In it, he detailed an explanation of a commodity-backed currency, in which the Federal Reserve would issue interest-free currency to farmers, based on the value of commodities they produced. During a publicity tour that he took with friend and fellow inventor, Henry Ford, he spoke publicly about his desire for monetary reform. For insight, he corresponded with prominent academic and banking professionals. In the end, however, Edison's proposals failed to find support, and were eventually abandoned

Those who know, know! Big Grin
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08-28-2015, 10:52 PM
Post: #2
RE: Thomas Edison was against the parasitic Federal reserve
Guess he wasn't a total cunt
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08-28-2015, 11:15 PM
Post: #3
RE: Thomas Edison was against the parasitic Federal reserve
Yeah, he and Westinghouse didn't get along at all.

come for the calo, stay for the yoshida brotha
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08-29-2015, 05:33 AM
Post: #4
RE: Thomas Edison was against the parasitic Federal reserve
Why would anyone loan out money with no interest?

--I Eat Grits--
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08-29-2015, 09:35 AM
Post: #5
RE: Thomas Edison was against the parasitic Federal reserve
research social credit
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08-29-2015, 01:59 PM
Post: #6
RE: Thomas Edison was against the parasitic Federal reserve
(08-29-2015 05:33 AM)Billygoat Wrote:  Why would anyone loan out money with no interest?

...to benifit mankind.
Have you never loaned anyone money without charging interest?
Why would you need to take complete advantage of someone and near turn them into your slave just because they want to borrow something?

Interest degrades the whole community. Funnnels all the money into the hands of a few. It's in everyone's best interest for everyone to have a dwelling of their own. It doesn't benifit anyone (but the bankers) that when you want to buy a home, you need to buy another one or two houses for the bankers.

When someone wants money to start up a business, this benifits all, the community needs that business, and competetion, but how many business actually open when people realize that the banks get 70% of their profits? What prices does this business have to set to now pay off this interest? So now not only do we have to pay for the price of 3 dwellings to live in one, but everything we are paying 3 times too much for everything to give even more money to these bankers. The community loses.

The jews dont charge other jews interest, and look how sucessful they have become because of it. Whilst we gentiles seem all to happy to be shafted in the ass by them because they have conditioned us that our lives will be more tolerable to be a slave to them than be labelled an anti-semetic and suffer the backlash by these controlling vermin.
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