THOUGHT FOR THE DAY!
"If all bank loans were paid, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent monetary system. When one gets a complete grasp upon the picture, the tragedy and absurdity of our hopeless position is almost incredible -- but here it is. It (the banking system) is the most important object intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon." -- Robert Hemphill, for 8 years credit manager of the Federal Reserve Bank of Atlanta
YOUR RANDOM DHS MONITORED PHRASE OF THE DAY
Drug Enforcement Agency (DEA)