The problem is that we don't have any "money". Short and sweet economy lesson:
"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money--almost any amount of it."
~ The National Debt, Federal Reserve Bank of Philadelphia, p. 8
ALMOST? Why only ALMOST? What keeps them from creating ALL they want? You? Me? Your dog? A full moon?
Federal Reserve Notes are not federal, represent no monetary reserves and no longer conform to the definition of notes. Failing to state who, will pay what, when or to whom - they ceased to be legal tender notes, (offers of money) almost 60 years ago. They are in fact instruments of legalized THEFT.
"...Keynes argues that inflation is a 'method of taxation' which the government uses to 'secure the command over real resources, resources just as real as those obtained by [ordinary] taxation'. 'What is raised by printing notes, ' he writes, is just as much taken from the public as is a beer duty or an income tax.' "
- 1980 Annual Report, Federal Reserve Bank of Richmond, pg 10
"All the paper money issued today is Federal Reserve notes. The real backing for the nation's money is faith in the strength, soundness and stability of the American economy."
~ The Hats the Federal Reserve Wears, Federal Reserve Bank of Philadelphia, pg 4
Faith is what backs our monetary system. YOUR faith. Do you still have faith?
"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
~ Frederic Bastiat in "The Law"
"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation,
governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
~ 1980 Annual Report, Federal Reserve
Bank of Richmond, pg 6
Isn't confiscation of the wealth of the citizens a nice way of saying STEALING?
"Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience." ~ John Locke (1690)
If the money you earn has no value and you are forced through fiat paper legislation to take it for your labor, are you not having your property (labor) destroyed and are you not being reduced to nothing but slavery? Is not the state at war with the people?
5th Plank Communist Manifesto: Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.
The Federal Reserve System, created by the Federal Reserve Act of Congress in 1913, is indeed such a “national bank” and it politically manipulates interest rates and holds a monopoly on legal counterfeiting in the United States. This is exactly what Marx had in mind and completely fulfills this plank, another major socialist objective. Yet, most Americans naively believe the U.S. of A. is far from a Marxist or socialist nation.
"The writers of the constitution knew exactly what they were doing when they wrote in Article I Section 10 paragraph 1 'No state shall... make anything but gold and silver coin a tender in payment of debts. ' People able to barter with gold and silver coin control government and are free. Loss of the right to trade in gold and silver coin enslaves people to the creators of psychological 'money.'":
The 'Fed' has become a true 'Frankenstein's Monster' which is singularly set upon wrecking everything that - literally - millions of brave American's have given 'thier Last, Full measure of Devotion to PRESERVE...".
END the Fed NOW...or be CONSUMED by it all too soon.
Be Well...Safe as you may in the coming Days and be Blessed, every Man, Woman and Child who holds the Lord in thier Heart.
WHAT? Some one is full of bull excrement. I guess if you live in California? Here in Arkansas a nice 3 2 home would cost about $150,000. Payments of about $2,000 a month. That's $24,000 a year. Add in insurance for another $2400. Now figure food for a family of six. Two adults and four children. Say $300 a week x 52 = $15,600 Add in a car payment and insurance at $1000 a month for $12,000 more. Now add this all up and this is on the HIGH end. I mean HIGH. That is $54,000 a year. Give me a break. $186,000. Yeah, right. Like I said...some one is off their rocker. Excuse me...I just checked and I was WAY off on the $2,000 a month for the house payments. It would be $1,306.66 a month for about $15,680 year 15 year mortgage, so knock off $10,000 from the total for a total of about $44,000 a year.
Yep, I'd feel REALLY secure at $186,000 a year. Where do they come up with this nonsense? A Cracker Jack box?
CL I have to add to that. I'm retired, my home and car are paid off, and I have no debts. I live in middle America where taxes are low. I have full insurance and pay more than a tithe to support the church and missions. I do live alone though.
I can live on about $35000 a year to cover the basics.
I have a wife that doesn't work. My home and cars are paid off. I have monthly debts that I pay every month. I can get by very comfortably at about $24,000 a year. My house is a 4 bedroom three bath that is way bigger than I need. The rent on it is about a grand a year. Excuse me...the "property taxes". I have a 30x40 shop building and live on about an acre and a half. I can target shoot in my back yard. I think whoever thinks they need $186K a year is living in a dream world.
Just another sign that economically we have passed the point of no return
In the Trump-Biden debate, there is one topic no one really addresses, and that is the 800 lb gorilla in the room, the debt caused by unrestrained borrowing of a worthless fiat dollar. The reason is Biden and Trump as well as the networks, all, work the same guys, Wall Street, the big banks, and the major corps who are getting rich in the markets, and the economy tanks and the markets are at record highs from the trillions the Treasury and the FED are printing and distributing as stock, bonds, and corporate welfare while the rest of us suffer. This whole political kabuki dance is to keep us distracted and give hope to each side that their guy is going to save the day. They won't, because they both are backed by Wall Street, and big money, global money. Trump may not be a globalist but he is their BFF next door. Big money owns him just as much as they own Biden. So stop calling this the Biden disaster, it's all of theirs disasters, and I can prove it,
Thanks to Uncle Sam for my Social Security. The terrific investment return on my money now gets me a fantastic $1300 per month. I feel rich. Now, if somebody could wake me from this bad dream.
The current generations are ShawShanked instead of Redemptioned, hypnotized into thinking Morgan’s Freedman Socialism is the Free-Dom Kingdom. Helped along by this systematic destruction of America’s middle class..
Takers versus Makers homelessness is the canary in the whole Enchilada 80/20 solution. No one will “Stand by Us” unless they have Skin in the Game. The easier “welfare handouts” become, the harder it is to get the middle pool of the Takers over into the joy of work ethic wax on wax off Makers.
There is no magic silver bullet monolithic solution. Especially now that almost all large NGO welfare organizations and Trusts are basically money laundering and revolving door Crony Capitalism. Think Federal Flood Insurance rebuilding multi $Million beach houses 13 times in known paths of storms.
The Anger we Boomers perhaps miss, is amplified in current generations and their spaghetti monster snarky God retorts. The powers that 🐝 cleverly channel that anger from failed Communism into Bernie Bro Socialism Hopeium. By teaching in Academia circles Thomas Paine was really a Socialist. When in fact he was against Monarchy and Lords apartheid monopoly owning all lands. Apples and oranges, Paine was For private ownership with out Fascist Socialist Crony monopolies. Anti Apartheid, pro middle class.
Similarly, the powers that 🐝 cleverly move away from silly Peter Pan Atheism spaghetti monsters into a more “Philosopher Corner” Clock Maker God. If you don’t fall for the 👽👽👽s Grift. Note currently how JollyWould tossed in the July 4th 👽Invasion for Japanese CGI Kong vs. God-zilla. 🧐
The powers that 🐝 have channeled the Consumerism “I want it now” anger of current generations into “How could God=Love allow all these bad thangs?”. The Clock Maker God doesn’t love you and walked away. So do what you want, TAKE what you want~ism.
Of course, the destruction of Both Atheism and Clock Maker God is the play and replay of Ave Maria. With out a Current God who designed, guarantees and maintains over linear time reliable repeatability, both versions Atheism and Clock Maker fall apart. Music and language then decays into random gibberish.
Like an Etch a Sketch makes magnetism “visible”, repeating Ave Maria makes the CurrentPresent (past and future too) God visible. How do we know He Loves us? He didn’t walk away even when we denied and even abused “God is the God of life” with our abuse of Free Will.
We are living in an everything bubble. Remember when the housing bubble burst in 2008? Well that's going to happen again, only on a much larger scale.. People and businesses are stretched to the breaking point from the oppressive inflation. Banks too are in deep trouble because of unrealized losses, higher interest rates, inverted yield curves, and a whole bunch of naked shorts. Some banks lose billions of dollars for every dollar that gold and silver increase.
I heard on the radio the other day that the stock market went up because of a hope that the Fed would lower interest rates. How can they? If they did, inflation would soar.
It's just going to take one thing to fail and the whole house of cards that is our economy, will come tumbling down. I'm focusing on enjoying the relative calm right now. It won't last.
The 186,000 is an average for the country and for different family situations. As a retired person with a big SSA check nearly $3K, annuities and a pension, I make nearly 7,000 doing nothing. I own our cars and house. Property taxes are low. I live quite well on half the 186, having substantial savings. But if I had a $2,000 mortgage payment and a couple of $500 car payments I would be maxed out with no real discretionary income. Not to mention kids and their costs. Here in East TN I would need at least $125-150 to afford that.
It's just a feeling that isn't real. Money is like a carpet that can be pulled out from under you. We live in a ponzi scheme.
The problem is that we don't have any "money". Short and sweet economy lesson:
"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money--almost any amount of it."
~ The National Debt, Federal Reserve Bank of Philadelphia, p. 8
ALMOST? Why only ALMOST? What keeps them from creating ALL they want? You? Me? Your dog? A full moon?
Federal Reserve Notes are not federal, represent no monetary reserves and no longer conform to the definition of notes. Failing to state who, will pay what, when or to whom - they ceased to be legal tender notes, (offers of money) almost 60 years ago. They are in fact instruments of legalized THEFT.
"...Keynes argues that inflation is a 'method of taxation' which the government uses to 'secure the command over real resources, resources just as real as those obtained by [ordinary] taxation'. 'What is raised by printing notes, ' he writes, is just as much taken from the public as is a beer duty or an income tax.' "
- 1980 Annual Report, Federal Reserve Bank of Richmond, pg 10
"All the paper money issued today is Federal Reserve notes. The real backing for the nation's money is faith in the strength, soundness and stability of the American economy."
~ The Hats the Federal Reserve Wears, Federal Reserve Bank of Philadelphia, pg 4
Faith is what backs our monetary system. YOUR faith. Do you still have faith?
"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
~ Frederic Bastiat in "The Law"
"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation,
governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
~ 1980 Annual Report, Federal Reserve
Bank of Richmond, pg 6
Isn't confiscation of the wealth of the citizens a nice way of saying STEALING?
"Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience." ~ John Locke (1690)
If the money you earn has no value and you are forced through fiat paper legislation to take it for your labor, are you not having your property (labor) destroyed and are you not being reduced to nothing but slavery? Is not the state at war with the people?
5th Plank Communist Manifesto: Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.
The Federal Reserve System, created by the Federal Reserve Act of Congress in 1913, is indeed such a “national bank” and it politically manipulates interest rates and holds a monopoly on legal counterfeiting in the United States. This is exactly what Marx had in mind and completely fulfills this plank, another major socialist objective. Yet, most Americans naively believe the U.S. of A. is far from a Marxist or socialist nation.
"The writers of the constitution knew exactly what they were doing when they wrote in Article I Section 10 paragraph 1 'No state shall... make anything but gold and silver coin a tender in payment of debts. ' People able to barter with gold and silver coin control government and are free. Loss of the right to trade in gold and silver coin enslaves people to the creators of psychological 'money.'":
-Merrill Jenkins, Sr.,
Money - The Greatest Hoax on Earth
Howdy CL,
Here, Here!
Great exposition of TRUTH Sir. It is a Truth also that;
"Those do not remember thier Past are doomed to repeat it..."
In that vein, consider a REAL accounting of the Federal Reserve's ACTIONS in the context of History, writ large in the following;
https://www.zerohedge.com/markets/david-stockman-why-fed-running-out-monetary-oxygen
The 'Fed' has become a true 'Frankenstein's Monster' which is singularly set upon wrecking everything that - literally - millions of brave American's have given 'thier Last, Full measure of Devotion to PRESERVE...".
END the Fed NOW...or be CONSUMED by it all too soon.
Be Well...Safe as you may in the coming Days and be Blessed, every Man, Woman and Child who holds the Lord in thier Heart.
JOG
https://www.courageouslion.us/p/blood-running-in-the-streets-mobs &
https://www.courageouslion.us/p/thank-you-federal-reserve
WHAT? Some one is full of bull excrement. I guess if you live in California? Here in Arkansas a nice 3 2 home would cost about $150,000. Payments of about $2,000 a month. That's $24,000 a year. Add in insurance for another $2400. Now figure food for a family of six. Two adults and four children. Say $300 a week x 52 = $15,600 Add in a car payment and insurance at $1000 a month for $12,000 more. Now add this all up and this is on the HIGH end. I mean HIGH. That is $54,000 a year. Give me a break. $186,000. Yeah, right. Like I said...some one is off their rocker. Excuse me...I just checked and I was WAY off on the $2,000 a month for the house payments. It would be $1,306.66 a month for about $15,680 year 15 year mortgage, so knock off $10,000 from the total for a total of about $44,000 a year.
Yep, I'd feel REALLY secure at $186,000 a year. Where do they come up with this nonsense? A Cracker Jack box?
CL I have to add to that. I'm retired, my home and car are paid off, and I have no debts. I live in middle America where taxes are low. I have full insurance and pay more than a tithe to support the church and missions. I do live alone though.
I can live on about $35000 a year to cover the basics.
I have a wife that doesn't work. My home and cars are paid off. I have monthly debts that I pay every month. I can get by very comfortably at about $24,000 a year. My house is a 4 bedroom three bath that is way bigger than I need. The rent on it is about a grand a year. Excuse me...the "property taxes". I have a 30x40 shop building and live on about an acre and a half. I can target shoot in my back yard. I think whoever thinks they need $186K a year is living in a dream world.
Just another sign that economically we have passed the point of no return
In the Trump-Biden debate, there is one topic no one really addresses, and that is the 800 lb gorilla in the room, the debt caused by unrestrained borrowing of a worthless fiat dollar. The reason is Biden and Trump as well as the networks, all, work the same guys, Wall Street, the big banks, and the major corps who are getting rich in the markets, and the economy tanks and the markets are at record highs from the trillions the Treasury and the FED are printing and distributing as stock, bonds, and corporate welfare while the rest of us suffer. This whole political kabuki dance is to keep us distracted and give hope to each side that their guy is going to save the day. They won't, because they both are backed by Wall Street, and big money, global money. Trump may not be a globalist but he is their BFF next door. Big money owns him just as much as they own Biden. So stop calling this the Biden disaster, it's all of theirs disasters, and I can prove it,
https://winepressnews.com/2024/06/30/bought-paid-for-joe-biden-is-bankrolled-by-blackrock-and-donald-trump-is-bankrolled-by-blackstone/
https://www.courageouslion.us/p/blood-running-in-the-streets-mobs
Amen Michael, Amen.
Thanks to Uncle Sam for my Social Security. The terrific investment return on my money now gets me a fantastic $1300 per month. I feel rich. Now, if somebody could wake me from this bad dream.
I get $841 a month after Humana deduction.
The current generations are ShawShanked instead of Redemptioned, hypnotized into thinking Morgan’s Freedman Socialism is the Free-Dom Kingdom. Helped along by this systematic destruction of America’s middle class..
Takers versus Makers homelessness is the canary in the whole Enchilada 80/20 solution. No one will “Stand by Us” unless they have Skin in the Game. The easier “welfare handouts” become, the harder it is to get the middle pool of the Takers over into the joy of work ethic wax on wax off Makers.
There is no magic silver bullet monolithic solution. Especially now that almost all large NGO welfare organizations and Trusts are basically money laundering and revolving door Crony Capitalism. Think Federal Flood Insurance rebuilding multi $Million beach houses 13 times in known paths of storms.
The Anger we Boomers perhaps miss, is amplified in current generations and their spaghetti monster snarky God retorts. The powers that 🐝 cleverly channel that anger from failed Communism into Bernie Bro Socialism Hopeium. By teaching in Academia circles Thomas Paine was really a Socialist. When in fact he was against Monarchy and Lords apartheid monopoly owning all lands. Apples and oranges, Paine was For private ownership with out Fascist Socialist Crony monopolies. Anti Apartheid, pro middle class.
Similarly, the powers that 🐝 cleverly move away from silly Peter Pan Atheism spaghetti monsters into a more “Philosopher Corner” Clock Maker God. If you don’t fall for the 👽👽👽s Grift. Note currently how JollyWould tossed in the July 4th 👽Invasion for Japanese CGI Kong vs. God-zilla. 🧐
The powers that 🐝 have channeled the Consumerism “I want it now” anger of current generations into “How could God=Love allow all these bad thangs?”. The Clock Maker God doesn’t love you and walked away. So do what you want, TAKE what you want~ism.
Of course, the destruction of Both Atheism and Clock Maker God is the play and replay of Ave Maria. With out a Current God who designed, guarantees and maintains over linear time reliable repeatability, both versions Atheism and Clock Maker fall apart. Music and language then decays into random gibberish.
Like an Etch a Sketch makes magnetism “visible”, repeating Ave Maria makes the CurrentPresent (past and future too) God visible. How do we know He Loves us? He didn’t walk away even when we denied and even abused “God is the God of life” with our abuse of Free Will.
Happy 🌮Tuesday! But No Broccoli 🌮s please!
God Bless and Protect America this 4th, 🙏🙏🙏🙏
We are living in an everything bubble. Remember when the housing bubble burst in 2008? Well that's going to happen again, only on a much larger scale.. People and businesses are stretched to the breaking point from the oppressive inflation. Banks too are in deep trouble because of unrealized losses, higher interest rates, inverted yield curves, and a whole bunch of naked shorts. Some banks lose billions of dollars for every dollar that gold and silver increase.
I heard on the radio the other day that the stock market went up because of a hope that the Fed would lower interest rates. How can they? If they did, inflation would soar.
It's just going to take one thing to fail and the whole house of cards that is our economy, will come tumbling down. I'm focusing on enjoying the relative calm right now. It won't last.
The 186,000 is an average for the country and for different family situations. As a retired person with a big SSA check nearly $3K, annuities and a pension, I make nearly 7,000 doing nothing. I own our cars and house. Property taxes are low. I live quite well on half the 186, having substantial savings. But if I had a $2,000 mortgage payment and a couple of $500 car payments I would be maxed out with no real discretionary income. Not to mention kids and their costs. Here in East TN I would need at least $125-150 to afford that.
The CULPRIT??? Thank you Federal Reserve! What would we have done without you??? https://www.courageouslion.us/p/thank-you-federal-reserve