Lee Rogers: The Current Debt Ceiling Debate is a COMPLETE FRAUD!

The entire debt ceiling debate that had been covered religiously by the "corporate media",was nothing more than a fraud, surrounded by false ideologies on both sides of the phony political spectrum. The problem was very simple to solve, and defied logic that not even a single person in the corporate controlled media or in government appeared willing to discuss a legitimate solution. Instead, the politicians and the corporate controlled media propagandists preferred to offer fake solutions that keep the current debt, based monetary system in place. The argument primarily focused around Democrats demanding so-called revenue increases with spending cuts, while the Republicans were demanding no tax increases, combined with slightly more aggressive spending cuts. Although it was true that government spending was wildly out of control, and should have been drastically cut, neither of these proposals came anywhere close to offering real reform. They were merely proposals designed to keep the current system in place, while the system itself was the REAL problem! Currently, many sovereign countries have found themselves in an enormous amount of debt: The myriads of central banking systems which operate in conjunction with various nations operate with the concept that that all money is debt. In the case of the United States, whenever the government needs deficit spending, they borrow it from the Federal Reserve at interest. The Federal Reserve provides the United States Treasury Federal Reserve Notes that are created from nothing, in exchange for bonds or debt. When these Federal Reserve Notes circulate in our economy, and are stored in our banks, these banks can lend many times the amount of money that they have on hand. For many years, banks could lend ten times the amount of cash on hand. In other words, these banks could simply create additional Federal Reserve Notes out of nothing, and force the borrower to pay interest on it, based on the amount of reserves at their disposal. In our system, all money is debt, and the people are taxed so that the government can pay back interest on the debt that originated from the funds that the Federal Reserve simply created out of nothing.
Hey, I learned this shit while getting my MBA from "The University of Texas at Arlington in May 1976!!" NUFF SAID!