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 Moderated by: bartmanaz Page:    1  2  Next Page Last Page  
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food for thought  Rate Topic 
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 Posted: Fri Sep 6th, 2019 09:56 pm
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frankie
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http://www.usdebtclock.org

Mommy how zeros in a trillion???


Last edited on Fri Sep 6th, 2019 09:58 pm by frankie

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 Posted: Sat Sep 7th, 2019 07:07 pm
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Jimmy
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"Who controls All of our Money".......You gotta watch this. It will be an eye opening experience about central banks who create money from nothing!!!!


https://www.youtube.com/watch?v=mQUhJTxK5mA&list=PLpINHmumm5drpwIPwbSeSbnxs5XYnupng&index=29&t=0s

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 Posted: Sat Sep 7th, 2019 08:04 pm
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frankie
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Jimmy, thanks for sharing that video, now i'll go change my pants and order my AR!!!!!!!!!!!!!! hahahahaha!
so let me understand, there is no Santa Clause and no Uncle Sam?

Attached Image (viewed 373 times):

uncle sam.jpg

Last edited on Sat Sep 7th, 2019 08:12 pm by frankie

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 Posted: Sat Sep 7th, 2019 08:42 pm
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Jimmy
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What a revelation to learn that all money is created out of thin air by the international bankers....and that they then lend that air money out and collect interest payments on it... 


It lets me see the National Debt in a whole new light..

Last edited on Sat Sep 7th, 2019 08:44 pm by Jimmy

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 Posted: Sat Sep 7th, 2019 10:03 pm
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frankie
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Jimmy wrote

It lets me see the National Debt in a whole new light..


Nixon took us off the gold standard! since he did so the standard is our green back!


i wonder about our gold reserves, fort Knox, federal reserve bank,ny.ny are they still holding gold???

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 Posted: Sun Sep 8th, 2019 12:50 am
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Jimmy
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The gold backing doesn't matter anymore...The video said that the dollar (and all world currency) is backed by "Faith"... Faith alone.  That means it is backed by Nothing!!!..Trump wants to extract the US from the control of the FED (The World Bankers) .... As it is now, the International Banking Cartel is bleeding the populace of the Free World for interest payments for something that they create out of Nothing...

Last edited on Sun Sep 8th, 2019 12:58 am by Jimmy

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 Posted: Sun Sep 8th, 2019 01:10 am
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frankie
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Jimmy wrote: The gold backing doesn't matter anymore...The video said that the dollar (and all world currency) is backed by "Faith"...Trump wants to extract the US from the control of the FED (The World Bankers) ....

"faith" we live in a global economy! 
should the other global economies that WE OWE call in their debt. we will have nothing to barter with other then our green backs! unless we barter with our commodities!


example; should global petroleum producers, Saudi Arabia, Venezuelan, Russia, Mexico, starting paying each other in gold instead of our green back. where does that leave us?? 


we are already loosing footing globally! 


it is very probable, one day the biggest kid on the block will get his eyes blackened!

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 Posted: Sun Sep 8th, 2019 02:31 am
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Pescado dorado
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The real reason we are trying to invade syria is because the u.s. is military is controlled by the world bank. They have their own banking system and have gold deposits in their treasury. Reason the U.S. Is trying to get into North Korea. The U.S. is the manipulation of the world bank and once the remainder of the countries that abide, North Korea, as example, the only banking will be a number on line and the powers that be set it at zero. look and see... ALL banks are now set for this...


Regardless if you believe this, you need to think. Read.dig

Last edited on Sun Sep 8th, 2019 02:34 am by Pescado dorado

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 Posted: Sun Sep 8th, 2019 11:25 am
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jsprag
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There are no currencies that are backed by gold. Ask yourself during times of fiscal uncertainty would you rather have US dollars or Euros, yen, etc. All of them are taken on faith. It's based on a perception of value as related to other currencies.

To me the value of any currency is primarily based on that countries natural resources.

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 Posted: Sun Sep 8th, 2019 02:46 pm
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frankie
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i don't by into ridiculous conspiracy theories, "dark states"!!
 the USA and all the other powerful nations are SOVEREIGN!!
are they influenced by powerful industrial and banking systems, obviously!
 we have been in a global petroleum economy since the last of the 19th century! the monies generated where deposited in large banking networks!
world l and ll and almost every war since, where fought primarily for the control of oil and mineral assets!! 
since world war ll we have been the undisputed economic and military power of the world! 


we have only been off the gold standard for 48 years! 
it is now questionable if we will be able to remain off it!
 all large developed countries are stock piling large amounts of gold and silver, as indicated by the highest value for gold and silver now exists in history!


monopoly money is only good for the game "MONOPOLY"!
 THE VALUE ONLY BEING IN THE CONFINES OF THE PARTICULAR GAME, AND WORTHLESS ANYWHERE ELSE!
GOLD AND SILVER AND COMMODITIES OF BARTER VALUE ARE THE PROBABLE FUTURE!
REMEMBER THE WORD "SALARY" COMES FROM SAL "SALT" A VALUABLE TRADING COMMODITY IN IT'S TIME!

Last edited on Sun Sep 8th, 2019 02:49 pm by frankie

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 Posted: Sun Sep 8th, 2019 03:16 pm
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jsprag
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United States went off the gold standard 86 years ago, June 5th 1933. An ounce of gold is still an ounce and is a bench mark, it's the currencies that fluctuate

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 Posted: Sun Sep 8th, 2019 03:21 pm
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frankie
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lots of GOLD history, Nixon took us off the gold standard August 15, 1971. 

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 Posted: Sun Sep 8th, 2019 03:46 pm
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MARIGOT
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1933 FDR takes United States off gold standard

On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.
Soon after taking office in March 1933, Roosevelt declared a nationwide bank moratorium in order to prevent a run on the banks by consumers lacking confidence in the economy. He also forbade banks to pay out gold or to export it. According to Keynesian economic theory, one of the best ways to fight off an economic downturn is to inflate the money supply. And increasing the amount of gold held by the Federal Reserve would in turn increase its power to inflate the money supply. Facing similar pressures, Britain had dropped the gold standard in 1931, and Roosevelt had taken note.
On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.



The government held the $35 per ounce price 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 completely abandoning the gold standard. In 1974, President Gerald Ford
 signed legislation that permitted Americans again to own gold bullion.

History.com Editors

Website NameHISTORY

URLhttps://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard

Last edited on Sun Sep 8th, 2019 03:47 pm by MARIGOT

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 Posted: Sun Sep 8th, 2019 05:44 pm
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Jimmy
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Here are some Quotes from Notable International Bankers:




       “For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure--one world, if you will. If that's the charge, I stand guilty, and I am proud of it.” 

― David Rockefeller, Memoirs




       “We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years......It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is more sophisticated and prepared to march towards a world government. The supernational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries.”
― David Rockefeller

Meyer [sic] Amschel Rothschild, who founded the great international banking house of Rothschild which, through its affiliation with the European Central Banks, still dominates the financial policies of practically every country in the world, said: ‘Permit me to issue and control the money of a nation, and I care not who makes its laws.’

Mayer Amschel Rothschild   

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 Posted: Sun Sep 8th, 2019 06:18 pm
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frankie
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i appreciate the educated, intellectual, philosophical input!
the key is "faith" in the green back!!
that can only be sustained by long held alliances, treaties, trade agreements!


when those long standing alliances are threatened by any current political leader here or abroad, ours and the global economy are in jeopardy!


 discord among the alliances of our current structured economy, with all it's FAULTS and successes only predicates, venture by outside powers!


as you sit in front of your computer! NOTICE were it was manufactured, were the modem was manufactured, were the cloths, shoes you have on were manufactured. the table and chairs, the rugs, the lighting fixtures, the light bulbs, the toilets and toilets seats. where were they manufactured??????? you get frustrated reading this and you get in your car, and realize were it was manufactured!


there is no simple solution to this MULTI-FACETED ECONOMY! for over a century the greatest economist minds have gathered for the PATH and the SOLUTION, ONLY to get us where are are today! 

P.S. know one has offered a solution for are growing and out of control debt!
looks at the clock, every 5 minutes we are paying millions in interest!




Last edited on Sun Sep 8th, 2019 07:25 pm by frankie

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 Posted: Sun Sep 8th, 2019 07:50 pm
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jsprag
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On the subject of the national debt. United States debt is divided in two major categories 1 US foreign debt are debts payable to foreign countries. That debt currently totals 6 trillion dollars. 2 Public debt are internal US. Debts, such as social security, medicare, federal reserve, military and government retirements among others. It is currently 14.5 trillion. Interestingly the debt owed to the United States by those very same foreign countries is currently 5.5 trillon. That almost negates the US foreign debt. Public debt could be characterized as loans between family members. Now who wants to foreclose on family? Point being the people of the United States control the public debt not a foreign country.

Last edited on Sun Sep 8th, 2019 07:53 pm by jsprag

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 Posted: Sun Sep 8th, 2019 08:02 pm
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frankie
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jsprag wrote: Public debt could be characterized as loans between family members. Now who wants to foreclose on family? Point being the people of the United States control the public debt not a foreign country.

to focus on this statement; the problem is we have NOT controlled our public debt. if a company or corporation was spending more than what was coming in, they would have to file for some sort of bankruptcy! 
we have not managed our obligations to conform to inflation or added obligations!
the only alternative is taxation! "fair and equal" , we all know what a debacle that has been with either party!
there are approximately 450 billionaires in the USA, if everyone was patriotic and generous to donate to our public debt a billion each. that would only tally a 1/2 trillion and leave a large portion of the billionaires penniless!  


i would bet that everyone reading this either lost some real estate or real estate value during the 2008 rescission, or a t least they knew someone who did! some entity called in the loans, foreclosures and short sale were rampant! 

Last edited on Sun Sep 8th, 2019 08:11 pm by frankie

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 Posted: Sun Sep 8th, 2019 08:12 pm
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lasninas
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Well, what do you all suggest we peons do to protect ourselves financially if this is all true.  Invest in real estate, add to the savings account, build a bunker and shiver in our boots?  Thank you.

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 Posted: Sun Sep 8th, 2019 08:18 pm
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frankie
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lasninas wrote: build a bunker and shiver in our boots? 

probably the best advise anyone has posted yet!!!!!!!!!!


"peons" describes us perfectly, even knowing for certain there are many worth millions opining here!

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 Posted: Sun Sep 8th, 2019 09:31 pm
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jsprag
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The US can monetize the debt, but run the risk of devaluing the currency. During the last fiscal crisis 2008 the US printed trillions in quantitative easing and outright bail outs. Surprisingly, that did not spur inflation and the currency remained strong.

Or the US could raise taxes to cover the deficits but run the risk of a taxpayer revolt.

Unfortunately, either scheme is not very palatable.

I for one will do the best I can and hope a better solution presents itself. It does no good to complain about the obvious....That ship has sailed.

Last edited on Sun Sep 8th, 2019 09:34 pm by jsprag

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