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March 18th, 2018
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#1 |
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Senior Member
Join Date: Aug 2005
Posts: 8,613
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National debt tops 21 trillion
https://www.msn.com/en-us/news/polit...cid=spartandhp
Not surprised at all, but I thought it would take longer. |
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March 19th, 2018
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#2 |
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Senior Member
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The Destiny of the Dollar https://en.wikipedia.org/wiki/Thaler
1518: The first coin actually called a "Thaler" is minted in Joachimsthal, Bohemia, Holy Roman Empire. Its weight is as the standard of 1500. Coiu inscription: 1525 fracode ardomislist. The thaler was a silver coin used throughout Europe for almost four hundred years. Its name lives on in the many currencies called dollar. The name "thaler" was used as an abbreviation of "Joachimsthaler", a coin type from the town of Joachimsthal in the Kingdom of Bohemia where there were silver mines and the first such coins were minted in 1518. This original Bohemian thaler carried a lion, from the coat of arms of the Kingdom of Bohemia, on its reverse side. Etymologically, Thal (modern: Tal) is German for "valley" – a "thaler" is a person or a thing "from the valley". The Czech spelling was tolar; many varieties of the term are used in different languages. In the 1902 spelling reform, the German spelling was changed from Thal and Thaler to Tal and Taler, which however did not affect the spelling of "thaler" in English. ... The original Joachimsthaler Guldengroschen was one ounce in weight (27.2 g). The Empire's Reichstaler (1566 to 1750) was defined as containing 400.99 grains of silver (equal to 25.984 g) and became the coin of account of the whole Empire. ... ----------------------- The Thaler was a medium of exchange and a store of value. - The American dollar is also a medium of exchange but it is not an enduring store of value. The reason for this is: the Federal Reserve Bank actively promotes a policy of devaluating the value of the Dollar by 2% annually. - The stated purpose of this policy is to stimulate economic growth. ----------------------- The process of debt monetization is too complicated to summarize in a 10-second sound bite on the TV news, so most people don't understand it. However, it's essentially no different from the historic practice of "coin clipping," whereby kings would reduce the amount of gold or silver in a country's coins and keep the extra gold or silver for themselves. When that happened, the coins were worth less, so the people lost purchasing power and it was transferred to the king. Likewise, when a modern national government monetizes its debt, it reduces the value of the country's money, thereby -- in a sneaky way -- taking money out of the pockets of working people and giving it to government officials in a kind of "hidden tax." …. http://experts.about.com/q/Economics...izing-Debt.htm Monetization is the process of converting or establishing something into legal tender. While it usually refers to the coining of currency or the printing of banknotes by central banks, it may also take the form of a promissory currency … The treasury may "borrow" money without needing to repay it. This process of financing government spending is called "monetizing the debt". … https://en.wikipedia.org/wiki/Monetization https://en.wikipedia.org/wiki/Money_creation Book What Has Government Done to Our Money? https://mises.org/system/tdf/What%20...&type=document A strange logic – Debt, when monitized, appears as an asset in our banking system, It represents wealth on the banking ledgers. - ... The dollar is no longer backed by deposits at Fort Knox. It has no inherent value. It is Fiat money based on mere trust. - The government has never categorically guaranteed to redeem Dollar notes for precious metal …. … the government can "monetize its debt" by borrowing from the US Federal Reserve system, which is nominally under private control but is really just another part of the government. In this case, the government sells its bonds to the Federal Reserve, which creates new bank deposits out of thin air and uses them to pay for the bonds. This process creates new money and expands the money supply: hence it is called "monetizing" the government's debt. … On top of that, it charges interest on the new money that was created out of thin air. United States Bullion Depository, often known as Fort Knox In 1933, U.S. President Franklin D. Roosevelt issued Executive Order 6102, which outlawed the private ownership of gold coins, gold bullion, and gold certificates by American citizens, forcing them to sell these to the Federal Reserve. As a result, the value of the gold held by the Federal Reserve increased from $4 billion to $12 billion between 1933 and 1937 .... The case was cause for the Roosevelt administration to issue a new order under the signature of the Secretary of the Treasury, Henry Morgenthau, Jr., Executive Orders 6260, 6261, related to the seizure of gold and the prosecution of gold hoarders. A few months later, Congress passed the Gold Reserve Act of 1934 which ratified President Roosevelt's orders. A new set of Treasury regulations was issued providing civil penalties of confiscation of all gold and imposition of fines equal to double the value of the gold seized. The Gold Reserve Act of 1934 made gold clauses unenforceable, and changed the value of gold from $20.67 to $35 per ounce, thereby devaluing the U.S. dollar, as the dollar was gold-based. This price remained in effect until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus abandoning the gold standard for foreign exchange ... https://en.wikipedia.org/wiki/Executive_Order_6102 USA – An Empire of debt https://www.youtube.com/watch?time_c...&v=dGBpFscDzX4 https://www.youtube.com/watch?time_c...&v=RSrF6lotiLM https://www.youtube.com/watch?time_c...&v=9fONbr7i500 Understanding the Debt Problem How the U.S. Accumulated $21 Trillion in Debt The Inevitable Collapse of the U.S. Dollar. Prepare Yourself. America's Debt Crisis is Coming – Interest Payments Will Hit a Trillion Dollars a Year … interest payments will quadruple, topping $1 trillion per year in as little as a decade. That's more than we will spend each year on the military or Medicaid, and as a share of the economy, it is the highest in history. As the country spends more and more to service our debt, it leaves less room to spend on everything else, from defense to education to infrastructure to new tax cuts. ... http://www.crfb.org/blogs/maya-macgu...n-dollars-year |
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March 19th, 2018
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#3 |
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Registered User
Join Date: Mar 2018
Posts: 36
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The amount of wealth they have stolen through inflation is beyond comprehension. If I say every American citizen would be living in a 10 million dollar mansion by now it's not an exaggeration
Part of the problem is that most white people are just content to go to work everyday and be productive and have something to do. I mean that's kind of nice and honorable but they don't understand their productivity is empowering unbelievably Wicked bums at the top. The Great Depression was caused by Massive deflation. And our productivity with computer machinery is so much greater than it was during the 1920s. Just look at the construction trade they can build a whole subdivision in a month. The price of houses should have dropped 2 one tenth of what they were 50 years ago. Deflation is the natural consequence of overproduction. |
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March 19th, 2018
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#4 |
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Registered User
Join Date: Mar 2018
Posts: 36
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The single farmer and a big planning machine can go out in a single day and plan a million potatoes. In a month you can plant 30 million potatoes. 10 farmers can supply the entire country with enough potatoes. This would make the price of potatoes drop the virtually nothing. Potatoes should be about $0.10 a bushel. None of us should even have to work if we had a socialized country we just get paid because we're citizens. This is a reality of the efficiency Of modern production. What happens is Jews buy up all the potatoes on the stock market and then sell them to us at 1000 times the cost. This is basically repeated in every industry. People wonder why a new car cost $60,000 well it's because the dealerships are a monopoly. They should cost a couple hundred dollars. But nobody would have to work . they would in fact be free.
But potato farmers will complain that they don't get enough money for their potatoes. They want to be paid enough so they can keep producing potatoes. What they don't realize is if every other industry stopped trying to screw everyone else over nobody would have to work anymore. They could get paid $0.01 per bushel and $0.01 per bushel would buy everything they need. If you only needed 10% of the population to produce everything people needed you could just have 10% of the population work one year and produce everything everyone needs and then have the next 10% work the next year so everybody has to work one year every 10 years and the other nine years they can just hike around the world or invent and their laboratory or study or paint or do what they want to do. Not take orders from the Central Bank on how to spend every day of their life |
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