The Beginning Of The Ponzi End: As Of Today, The Biggest Holder Of US Debt Is Ben Bernanke

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Tue, 11/23/2010 - 00:32 | 748528 digitalhermit
digitalhermit's picture

A dubious distinction to say the least...

Tue, 11/23/2010 - 01:15 | 748602 Ludwig Van
Ludwig Van's picture

 

It is appropriate the achievement should occur on the anniversary (57th) of the assassination of President Kennedy.

 

Tue, 11/23/2010 - 01:53 | 748642 Cursive
Cursive's picture

Mentioned it to the wife earlier.  First reference I've read or heard of today.

Tue, 11/23/2010 - 05:35 | 748850 MarketTruth
MarketTruth's picture

Exactly, now why would MSMedia not report on the assassination of a US President, perhaps one of the most important events in it's era. Maybe killing Presidents like Lincoln and JFK are the norm if you go against the Federal Reserve?

 

http://en.wikipedia.org/wiki/Executive_Order_11110

On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

Tue, 11/23/2010 - 06:36 | 748896 EvlTheCat
EvlTheCat's picture

Well I don't think we have to worry about Obama going against the Federal Reserve anytime soon.

Tue, 11/23/2010 - 02:00 | 748657 delacroix
delacroix's picture

47th

Tue, 11/23/2010 - 09:50 | 749077 Ludwig Van
Ludwig Van's picture

 

47th anniversary, yes, thank you.

 

Tue, 11/23/2010 - 02:18 | 748682 chopper read
chopper read's picture

agreed.

 


"On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest.

On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve.

Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous. 

With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes.  This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything.

Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver. 

 

After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it?

Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level.

Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve's control over the creation of money.

Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt -- war and the creation of money by a privately owned central bank.

His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment."  

http://www.john-f-kennedy.net/executiveorder11110.htm 

 

http://www.zerohedge.com/forum/how-do-we-arrive-eve-our-collapse-0

Tue, 11/23/2010 - 05:57 | 748874 Unlawful Justice
Unlawful Justice's picture

I see my 1964 Kennedy silver .50 cent in an entirely different light.   

Tue, 11/23/2010 - 08:42 | 748959 RichyRoo
RichyRoo's picture
Who the Fuck was Secretary of the Treasury C. Douglas Dillon? from http://en.wikipedia.org/wiki/Executive_Order_11110

Revocation

E.O. 11110 was never reversed by President Lyndon B. Johnson and remained on the books until President Ronald Reagan issued Executive Order 12608 on September 9, 1987 as part of a general clean-up of executive orders. E.O. 12608 specifically revoked the sections added by E.O. 11110 which effectively revoked the entire Order. By this time, however, the remaining legislative authority behind E.O. 11110 had been repealed by Congress when Pub.L. 97-258 was passed in 1982.

In March 1964, Secretary of the Treasury C. Douglas Dillon halted redemption of silver certificates for silver dollars. In the 1970s, large numbers of the remaining silver dollars in the mint vaults were sold to the collecting public for collector value. All redemption in silver ceased on June 24, 1968.

Tue, 11/23/2010 - 13:04 | 749693 Ripped Chunk
Ripped Chunk's picture

He was an un-American tool who's grave should be vandalized.

 

Tue, 11/23/2010 - 23:19 | 751308 chopper read
chopper read's picture

+1

too funny!

Tue, 11/23/2010 - 08:40 | 748973 Ace Ventura
Ace Ventura's picture

Hey guys, I'm not sure if I'm remembering this right, but it seems to me I've read a piece by G. Edward Griffin (or someone of his ilk), wherein he essentially states that EO 11110 did not in fact do anything in terms of competing with the fed's power over the nation's money supply. In other words, whatever the reason(s) JFK was terminated for, apparently EO 1110 was not the one.

Don't get me wrong, I would not be surprised in the least if it was the fed/cia who collaborated to end JFK, but I'm just curious if it was this particular EO which cemented his fate, rather than the unexpected refusal to 'play ball' with the MIC.

Anyone else heard of Griffin's 'debunking' of the EO1110 theory?

 

Tue, 11/23/2010 - 11:54 | 749414 chopper read
chopper read's picture

of course, i am but one man who cannot be certain.  however, this does seem to play into an overall theme.

For example, Is Ireland the new Turkey?: 

Turkey's 'bailing out' by the IMF in 2001 allowed the IMF to gain more control.   I view this as probably the last step in a process. 

Before all of this, it was essential to create a fiat debt-based monetary system and perpetuate a major bond market in order to support a ponzi scheme welfare state and subsequent culture of dependency. When the inevitable collapse ensued, more power was consolidated and now indigenous Turkish people are further relieved of their wealth and property over time. The IMF, which is indirectly 'owned' by the ruling elite, enslaves Turkey under the guise of 'saving' Turkey.

Member countries of the IMF are able to direct activities via their Central Banks. For example, the biggest Central Bank, the private Federal Reserve Bank, is owned by its member banks who are owned by its shareholders who consist of large private multi-national banks whose shares are largely owned by limited liability companies whose shares are owned by an elite group of individuals including the Morgan's, Rothschild's, and Lazard's.

http://www.save-a-patriot.org/files/view/whofed.html

Simple.

"The IMF sometimes advocates 'austerity programmes', increasing taxes even when the economy is weak, in order to generate government revenue and bring budgets closer to a balance, thus reducing budget deficits. Countries are often advised to lower their corporate tax rate. These policies were criticized by Joseph E. Stiglitz, former chief economist and Senior Vice President at the World Bank, in his book Globalization and Its Discontents. He argued that by converting to a more Monetarist approach, the fund no longer had a valid purpose, as it was designed to provide funds for countries to carry out Keynesian reflations, and that the IMF 'was not participating in a conspiracy, but it was reflecting the interests and ideology of the Western financial community'.

The IMF is for the most part controlled by the major Western Powers, with voting rights on the Executive board based on a quota derived from the relative size of a country in the global economy. Critics claim that the board rarely votes and passes issues contradicting the will of the US or Europeans, which combined represent the largest bloc of shareholders in the Fund."

http://en.wikipedia.org/wiki/International_Monetary_Fund

OTHER DEBT SLAVES:

"How Multinational Banks Supported Dictators in DR Congo, South Africa, the Philippines and Argentina.

The film asks whether it is fair that poor and innocent people in the world today have to repay the debts of former dictators.

The focus of this TV-documentary is the illegitimate debt in Argentina, South Africa, the Philippines, and DR Congo. The documentary looks behind local tourist attractions, and visits the poor neighborhoods of Buenos Aires and the depressing township of Johannesburg, where, where poor youngsters desperately seek jobs. The Journey ends in the slums of Manila.

The story highlights the sad fact that even when corrupt dictators and generals were committing the most horrifying human rights violations, the large banks of the world such as the International Monetary Fund and the World Bank were lining up to offer billion-dollar loans."

http://onebigtorrent.org/torrents/3614/The-Debt-of-Dictators-2005

I'M SEEING A PATTERN:

"These loans were conditional on structural adjustment policies, which required Jamaica to enact harsh economic reforms, including trade liberalization, privatization, and deregulation. However, the reforms were unsuccessful and left the country with $4.6 billion dollars in debt."

 

http://en.wikipedia.org/wiki/Life_and_Debt

 

...any idea who is next?

 

keep in mind, this also fits in well with the apparent "Protocol of the Learned Elders of Zion":

"Today I may tell you that our goal is now only a few steps off. There remains a small space to cross and the whole long path we have trodden is ready now to close its cycle of the Symbolic Snake. When this ring closes, all the States of Europe will be locked in its coil as in a powerful vice. What form of administrative rule can be given to communities in which corruption has penetrated everywhere, communities where riches are attained only by the clever surprise tactics of semi-swindling tricks; where looseness reigns: where morality is maintained by penal measures and harsh laws but not by voluntarily accepted principles: where the feelings towards faith and country are obligated by cosmopolitan convictions? What form of rule is to be given to these communities if not that despotism which I shall describe to you later? We shall create an intensified centralization of government in order to grip in our hands all the forces of the community. We shall be told that such a despotism as I speak of is not consistent with the progress of these days, but I will prove to you that it is. Capital, if it is to co-operate untrammeled, must be free to establish a monopoly of industry and trade: this is already being put in execution by an unseen hand in all quarters of the world. This freedom will give political force to those engaged in industry, and that will help to oppress the people. We shall soon begin to establish huge monopolies, reservoirs of colossal riches, upon which even large fortunes will depend to such an extent that they will go to the bottom together with the credit of the States on the day after the political smash. In every possible way we must develop the significance of our Super-Government by representing it as the Protector and Benefactor of all those who voluntarily submit to us. It is essential therefore for us at whatever cost to deprive them of their land. This object will be best attained by increasing the burdens upon landed property - in loading lands with debts. At the same time we must intensively patronize trade and industry, but, first and foremost, speculation, the part played by which is to provide a counterpoise to industry: the absence of speculative industry will multiply capital in private hands and will serve to restore agriculture by freeing the land from indebtedness to the land banks. What we want is that industry should drain off from the land both labor and capital and by means of speculation transfer into our hands all the money of the world, and thereby throw all the GOYIM into the ranks of the proletariat. Then the(y) will bow down before us, if for no other reason but to get the right to exist. They will be compelled to offer us international power of a nature that by its position will enable us without any violence gradually to absorb all the state forces of the the world and to form a Super-Government. The intensification of armaments, the increase of police forces - are all essential for the completion of the aforementioned plans. What we have to get at is that there should be in all the States of the world, besides ourselves, only the masses of the proletariat, a few millionaires devoted to our interests, police and soldiers. We count upon attracting all nations to the task of erecting the new fundamental structure, the project for which has been drawn up by us. This is why, before everything, it is indispensable for us to arm ourselves and to store up in ourselves that absolutely reckless audacity and irresistible might of the spirit which in the person of our active workers will break down all hindrances on our way. When we have accomplished our coup d'etat we shall say then to the various peoples: 'Everything has gone terribly badly, all have been worn out with suffering. We are destroying the causes of your torment - nationalities, frontiers, differences of coinages. You are at liberty, of course, to pronounce sentence upon us, but can it possibly be a just one if it is confirmed by you before your make any trial of what we are offering you?' Then the mob will exalt us and bear us up in their hands in a unanimous triumph of hopes and expectations. Voting, which we have made the instrument which will set us on the throne of the world by teaching even the very smallest units of members of the human race to vote by means of meetings and agreements of groups, will then have served its purposes and will play its part then for the last time by a unanimity of desire to make close acquaintance with us before condemning us. To secure this we must have everybody vote without distinction of classesand qualifications, in order to establish an absolute majority, which cannot be got from the educated propertied classes. In this way, by inculcating in all a sense of self-importance, we shall destroy the importance of the family and its educational value and remove the possibility of individual minds splitting off, for the mob, handled by us, will not let them come to the front nor even give them a hearing; it is accustomed to listen to us only who pay it for obedience and attention. In this way we shall create a blind, mighty force which will never be in a position to move in any direction without the guidance of our agents set at its head by us as leaders of the mob. The people will submit to this regime because it will know that upon these leaders will depend its earnings, gratifications and the receipt of all kinds of benefits. These schemes will not turn existing institutions upside down just yet. They will only effect changes in their economy and consequently in the whole combined movement of their progress, which will thus be directed along the paths laid down in our schemes. The reforms projected by us in the financial institutions and principles will be clothed by us in such forms as will alarm nobody. We shall point out the necessity of reforms in consequence of the disorderly darkness into which the(y) by their irregularities have plunged the finances. The first irregularity, as we shall point out, consists in their beginning with drawing up a single budget which year after year grows owing to the following cause: this budget is dragged out to half the year, then they demand a budget to put things right, and this they expend in three months, after which they ask for a supplementary budget, and all this ends with a liquidation budget. But, as the budget of the following year is drawn up in accordance with the sum of the total addition, the annual departure from the normal reaches as much as 50 per cent in a year, and so the annual budget is trebled in ten years. Thanks to such methods, allowed by the carelessness of the States, their treasuries are empty. The period of loans supervenes, and that has swallowed up remainders and brought all the States to bankruptcy."

 

(The United States was declared "bankrupt" at the Geneva Convention of 1929. [see 31 USC 5112, 5118, and 5119)

http://www.biblebelievers.org.au/przion1.htm#Table%20of%20Contents

...again, I am just connecting dots and in deep wonder.  Sincerely, no offence to anyone here, but is there a chance that we are racially targeted by a select group of ruling elite?  I keep an open mind and am reminded of this quote:

 

"if you wish to know by whom you are ruled, ask who cannot be criticized."   

 

http://www.zerohedge.com/forum/how-do-we-arrive-eve-our-collapse

 

Tue, 11/23/2010 - 06:39 | 748898 Scoutster
Scoutster's picture

This was my first thought, as well.

Tue, 11/23/2010 - 08:29 | 748953 RichyRoo
RichyRoo's picture

What happens if the Gubmint defaults on the Bernanke?

Tue, 11/23/2010 - 00:32 | 748529 DoChenRollingBearing
DoChenRollingBearing's picture

Say hey!  No one beats the good ol' USA!  Step aside China, we are No. 1 now!

But what's so great about that, oh dear.

On the other hand, we owe it to ourselves!

Tue, 11/23/2010 - 00:37 | 748538 westboundnup
westboundnup's picture

Heard someone today use the expression, "we owe it to ourselves."  The Fed is neither "we" nor "ourselves"

Tue, 11/23/2010 - 01:53 | 748643 Milton Waddams
Milton Waddams's picture

Splitting hairs, I think.

While it is a private entity - the Fed, AFAIK, and for whatever reason (appearances, perhaps?), remits all profits back to the Treasury.

Of course all profits born to the Primary Dependents (Fed's owners), via the Fed, originate from the Treasury as well.

From a April 1938 LIFE magazine, anything rhyme?:

[Herbert] Hoover had found new forces at work in Europe: 1) the Rise of Planned Economies; 2) a continent that is "a rumbling war machine without the men yet in the trenches"; 3) unbalanced budgets; 4) Fear -- "fear by nations of one another, fear by governments of their citizens, fear by citizens of their governments and the fear of people everywhere that general war is upon them again"; and 5) "an underlying failure of morals terrible to contemplate."

Tue, 11/23/2010 - 05:43 | 748859 Djirk
Djirk's picture

My BS (balance sheet that is) is bigger than yours

Tue, 11/23/2010 - 00:35 | 748532 Dehrow
Dehrow's picture

I don't know, way things are going, the Chinese might just consider this a challenge and look to take back the crown.

Tue, 11/23/2010 - 00:37 | 748539 tmosley
tmosley's picture

Or they might consider it a good time to get out, since they aren't the biggest boy on the block any more.

Tue, 11/23/2010 - 00:35 | 748534 tmosley
tmosley's picture

Well, we all knew it was coming.

A day that should live in infamy, but probably won't.

Tue, 11/23/2010 - 00:38 | 748537 Herknoid Weaver
Herknoid Weaver's picture

Is it too early to call the Fed the United States of America?

Tue, 11/23/2010 - 00:45 | 748551 Herknoid Weaver
Herknoid Weaver's picture

the title of this thread changed but im not sure it should have

Tue, 11/23/2010 - 01:13 | 748599 RockyRacoon
RockyRacoon's picture

Yes.

today-biggest-BAG-holder-us-debt-united-states-america

I fixed it.

Tue, 11/23/2010 - 03:44 | 748778 i.knoknot
i.knoknot's picture

i thought i just left the TSA thread

:^)

Tue, 11/23/2010 - 00:42 | 748550 Turd Ferguson
Turd Ferguson's picture

We, the people now owe they, the bankers, $892B. Very nice. Very f-ing nice.

Man, are we screwed.

Tue, 11/23/2010 - 00:50 | 748556 Herknoid Weaver
Herknoid Weaver's picture

Are you Nialls brother?

Tue, 11/23/2010 - 00:50 | 748557 Herknoid Weaver
Herknoid Weaver's picture

Are you Nialls brother?

Tue, 11/23/2010 - 01:18 | 748606 lynnybee
lynnybee's picture

WE don't owe anybody anything !!!   I NEVER SIGNED MY NAME ON ANY CREDIT TO ANY BANK !   WE are not screwed !!   STOP IT!    REVOLT !  where the hell is the revolution !!   i lived my life debt-free, so how come all of a sudden 'I' owe a bank money ??!!   .......... where the hell is my pitchfork !

Tue, 11/23/2010 - 01:51 | 748637 merehuman
merehuman's picture

All of a sudden we are ireland! Wait till my neighbor hears this!

.....

He says hes too busy watching "Dancing with the Stars".

Sorry Lynnybee, we are on our own. Find a safe spot, hunker down cause likely worse is coming.

BTW you all. On Harveys column tonite...yea i saw it below  after posting.

Tue, 11/23/2010 - 02:07 | 748668 DoChenRollingBearing
DoChenRollingBearing's picture

lynnybee, merehuman,

I hear you two loud and clear!

...

Sort of rhetorically I asked merehuman the other day:

Should I stay or should I go?  

That is, stay and fight for America with my pitiful stash of arms, PMs and food,

OR 

Just take whatever capital we have/will have and just go to Peru where I have friendly in-laws and our business.

YES, we are Ireland.  And I have to decide fairly soon, I guess.  I am a believer in what America WAS, now, not so sure...

:(   :(   :(

Tue, 11/23/2010 - 02:28 | 748691 Oh regional Indian
Oh regional Indian's picture

DoChen, you have friendly in-laws and it's even a question?

You seem like a really nice guy. Why do you even want to be in a position to use your Pb and carry that karma forward?

As someone quite famous sang once...

"Go ooooon, take your money and RUN!"

ORI

http://aadivaahan.wordpress.com

Tue, 11/23/2010 - 02:46 | 748714 DoChenRollingBearing
DoChenRollingBearing's picture

ORI,

Thanks for your input!  Using Pb would be a big minus re karma, thx for reminding me.

...

Problem with Peru for me is I lose many USA family & friend connections (at least in part), good bookstores and food for which I have become accustomed...  And Lima's winters are not user-friendly!

Maybe my larger family would be weirded-out should I decamp to Peru...  At least I could live VERY WELL there (OK in a Peruvian context, which IS meaningful).

Open question: Take the money and run?!

....

At this point, I would ask ZH-ers to examine their situations and THINK what may happen soon.  AND, please send us your opinions!  Which to me have been better than my bank's suggestions.

Tue, 11/23/2010 - 03:31 | 748763 Mariposa de Oro
Mariposa de Oro's picture

I say you take the money and run.  I would.  I'm in the RMI but working for a US contractor.  If I had family that would take me in, I'd probably go.  I understand how you feel about giving up your present life.  I'm very happy where I'm at.  I also know that it won't last and that at some part its all going to fall to pieces.   At the very least you should get some of your assets safely tucked away in Peru.  I'm sure our masters will enact currency controls when things get really bad.  You will likely be allowed to leave with nothing anytime, so get your stash out while you can......

Tue, 11/23/2010 - 03:57 | 748785 DoChenRollingBearing
DoChenRollingBearing's picture

Mariposa,

at least we have some assets already in Peru, including a decent stash as downpayment on a condo there.  We are going to Peru in early December, so can consider exfiltrating some assets then.  Wire transfers still open as well.  I think there is a little bit more time left.

Mariposa (and Oracle of Kypseli), can send me an email at my above name @gmail.com with ideas, although I do not check that email real often.  I DO check it from time to time, and I really do like ideas re PERU!  Our escape hatch...

Seems like things are coming to an ugly head now...  I feel more paranoid than is even normal for me...

:(   or should that be   :)  ?  Setting up a secure soft landing in Peru looks smarter each minute...

Tue, 11/23/2010 - 11:38 | 749395 Mariposa de Oro
Mariposa de Oro's picture

Check your email...

:o)

Tue, 11/23/2010 - 03:47 | 748781 i.knoknot
i.knoknot's picture

should you go, take a laptop and keep an eye on us here at ZH... you'd be missed.

 

cheers!

 

Tue, 11/23/2010 - 04:11 | 748790 DoChenRollingBearing
DoChenRollingBearing's picture

dupe post, sorry!

Tue, 11/23/2010 - 04:09 | 748793 DoChenRollingBearing
DoChenRollingBearing's picture

Gracias for the nice reply!  Cheers to you as well!

Each time we go there, we ask ourselves, hey when do we decide to stay?

During each trip to Peru in the last year and a half or so, the Bearing has been firing off his thoughts (for better or worse) to my beloved third family: ZH!  Broadband is at our place down there, so at least I am connected...

Tue, 11/23/2010 - 04:09 | 748792 Oh regional Indian
Oh regional Indian's picture

DoChen,

How about the other side of this view-point.

Once you explain to your larger family/friends network, why you are doing it, and the possibility that if the S does hit the F, you can provide some/many of them a place/way out? 

But I also speak as a life-long gypsy. Never had a problem upping and awaying, like I did from the US. It's not easy but then again, these are not easy times.

Plus, wouldn't your lovely wife love it?

 

ORI

http://aadivaahan.wordpress.com

Tue, 11/23/2010 - 04:18 | 748798 DoChenRollingBearing
DoChenRollingBearing's picture

My very lovely wife would probably indeed love it!

My family is completely entrenched in the USA, no way interested in leaving.  Just me (and my lovely C) prepared to go.  Although our daughter, now aware of money & finance, is sympathetic...

My family (perhaps rightly?) does not have the paranoia/anxiety that I do, even though I think I am right!

Tue, 11/23/2010 - 08:52 | 748987 RichyRoo
RichyRoo's picture

This isnt a helpful comment...

 

All that is required for tyranny to triumph is for good men to do nothing,

But,

Only a fool stands in the way of a freight train.

Tue, 11/23/2010 - 02:36 | 748699 Things that go bump
Things that go bump's picture

If I had anywhere else to go, I'd be there now.  

Tue, 11/23/2010 - 02:36 | 748700 Things that go bump
Things that go bump's picture

.  

Tue, 11/23/2010 - 06:03 | 748878 Al Gorerhythm
Al Gorerhythm's picture

You were warned. You know the action to take as well. Spontaneous revolt, revolution. The tree of liberty needs to be fertilized.

Tue, 11/23/2010 - 00:47 | 748552 Sour Grapes
Sour Grapes's picture

If you don't intend to pay it back, is it still debt?

Since the Fed will roll over the debt in perpetuity, I would say it is no longer debt.

In fact, we should stop calling it "debt monetization," and start calling it debt elimination.

 

 

Tue, 11/23/2010 - 02:25 | 748688 Oracle of Kypseli
Oracle of Kypseli's picture

It is not debt elimination when the extra dollars go to the favored sons and get funnelled in the economy to artificially prop the markets.

If the government wants to create money, then why do they need our taxes?

And let's not talk about inflation, 'cause I am afraid, you don't really think it exists. 

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