With more Americans disenfranchised with the United States Corporation than in recent history; The Libertarian Party is positioning it's platform "on the right side of history" LNC Chair Nicholas Sarwark said at the recent Libertarian National Convention. Populist movements have been largely downplayed in recent decades but are becoming increasingly difficult for Corporate Media to trivialize and ignore. A reality which is not surprising considering the establishment duopoly is becoming increasingly disconnected with the plight of the proletariat as America continues a regression towards an uncertain future becoming more polarized politically, economically and socially than ever before. With a major realignment probable in the near future the LP may indeed be on the right side of history particularly on key social issues, a fact which which establishment politicians would be remiss to dismiss.
A recent poll concluded on July 28th is ultimately in favor of Incumbent Senate Minority Leader Mitch McConnell but shows Libertarian David Patterson commanding a commendable seven percent, a 7% which is sadly still 3% shy of the 10% requirement rumored to be necessary to qualify for the preposed KET Debates Hosted by Bill Goodman October 13th.
As tens of millions of Federal Reserve Notes pour in to Kentucky saturating our television, phones and radios with establishment campaign propaganda and rhetoric in Grimes-McConnell banter perpetuating political duopoly in a race that is shaping up to be the most expensive political contest to date, Patterson's campaign has pulled together enough contributions to effectively fund his petition drive which is nearing completion having collected well in excess of the 5,000 signatures necessary to file but with a 60%+ Validity rate the petitioning must go on to secure ballot access by the August 12th filing deadline, a deadline that Libertarian Party Chair Ken Moellman "isn't to worried about meeting".
Once Patterson is on Novembers ballot it'll really "throw a wrench in to things" as WKYT's Bill Bryant put it, when ask for comment Patterson replied "The press is so colorful. I find it interesting that the percentage McConnell is ahead remains the same wether I am in the race of not. Kinda ruins the 'spoiler' argument", preemptively deflating any accusations from the establishment.
According to the New York Federal Reserve Bank, fractional reserve banking can be explained this way....
"If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the initial deposit of $100 into a maximum of $1,000 of money($100+$90+81+$72.90+...=$1,000)."
As long as the Federal Reserve system exists, the national debt will keep going up, the money supply will keep going up and the U.S. dollar will continue to decline in value.This is not because of some big mistake. This is what the Federal Reserve system was designed to do. It was designed to trap the U.S. federal government (and by extension all of us) in perpetual debt.
There is a legitimate sense in which even the Federal Reserve notes in your wallet or purse are "debt-based money." We have to ask, how did these notes come into existence? The first thing to realize is that the Fed can control the size of the monetary base, but it can't directly control its composition. Specifically, if the public wants to hold more paper currency — rather than keeping their "money" sitting in checking accounts at the bank — then they can begin withdrawing green pieces of paper either from bank tellers or ATMs. Seeing their physical currency depleting, the commercial banks then go to the Fed and draw downtheir reserves, which basically are the banks' own "checking accounts" with Janet Yellin.
If the U.S. government really wanted to get out of debt it would take back control of our currency from the bankers and would start issuing debt-free money. But don't expect that to happen any time soon.
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