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/cgi-bin/YaBB.pl General Category >> Politics, Religion (Tall Table) >> Abolish the Federal Reserve!!!!!!! /cgi-bin/YaBB.pl?num=1371494597 Message started by Midnightrider on 06/17/13 at 11:43:17 |
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Title: Abolish the Federal Reserve!!!!!!! Post by Midnightrider on 06/17/13 at 11:43:17 The Federal Reserve and the Treasury are partners in a scam that funnels freshly-created money ($40 billion per month) from the Fed into the Treasury, using Freddie Mac and Fannie Mae as the pipeline. [Fannie and Freddie get the illusion of profits, the Federal Reserve gets the mortgage assets (many of which are in junk status), the government gets easy money to spend, and citizens pay the whole bill through inflation.] MorphCity 2013 Jun 14 (Cached) |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/17/13 at 12:18:51 All I can say is - If you think inflation is bad ... try deflation. Inflation of over 10% can be bad. Can be ... it really has to be closer to 20% to be definitely bad. Deflation of .1% = death. Whatever you got today ... is cheaper tomorow ... Now lets see what happens in the real world. It sounds awful when you only post 1 side ... Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Midnightrider on 06/17/13 at 12:26:32 The Federal Reserve has gotten out of hand printing money behind our backs and even passing it out to terrorist backed banks overseas. The government should be responsible for printing our money. The money needs to be backed by pecious metal and you want have to worry about inflation or deflation. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/17/13 at 12:31:21 You know what makes a diamond valuable ? Simple question, - you cant eat it, you really cant use it as an industrial raw material - well you can, but those are ugly diamonds that are worth a lot less than the pretty tear drop shaped ones on angelina jolie's ear ... So what makes a diamond valuable ... Because we have all agreed that it is. Same with USD. Drug smugglers in latin america, and gun runners in cambodia want to be paid in USD ... we can print it as much as we like. In fact we should print some really really really big bills and hand it over to the chinese ... Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Midnightrider on 06/17/13 at 12:40:48 The Chineese and Russia are threatening to quit taking the US Dollar. China already owns 50% of it anyway. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Midnightrider on 06/17/13 at 12:45:59 I had to give my wife a diamond before we got married because its traditional. To me a diamond isn't worth anything except industrial diamonds used for cutting. The way the miners are treated and all the corrupt blackmarket activity that goes along with diamonds that's one tradition we need to break. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/18/13 at 07:05:40 64404D47404E415D5B404D4C5B290 wrote:
Yea diamonds, gold, coffee, choclate, corn, wheat ... yea all of those ... they all fund dangerous and corrupt not to mention very very wealthy corporations, and dictators etc ... Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Pine on 06/18/13 at 07:53:35 45445F5857425E360 wrote:
Sri your wrong..... very very wrong.. I and I think you know it. Please correct. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/18/13 at 08:05:29 Hell no. Not even close. Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Pine on 06/18/13 at 11:05:56 6A6B7077786D71190 wrote:
So what makes a diamond valuable ... its rarity and resistance to the elements which make it a good "store of wealth". Which is but one factor in a commodity being used as currency. Fiat money is not a commodity... no one would compare a diamond to money as a currency other than as stated above. Gold and silver, also commodities, also satisfy as a store of wealth but are also divisible (will retain the same value separate as whole for each of the part, a diamond does not). To print up money that has no productivity tied to it.. is stealing from those that have money that does have productivity tied to it as it all enters the same economy. Printing up money to give to drug smugglers steals the wealth from retirees that earns and saved, and now hope to live on the store of wealth they accumulated. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Pine on 06/18/13 at 11:11:39 6263787F706579110 wrote:
I disagree completely. inflation is bad... its always bad... and inflation of 10% is bad. Inflation of 20% is horrible, or at least inflation of 18% is.. I lived through that. deflation is bad... but no worse than inflation. They are two sides of the same function - money that no longer reflects recent nominal value. One can't/shouldn't be "worse" than the other. But if I had to choose I think I would choose deflation. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by justin_o_guy2 on 06/18/13 at 11:41:28 Banks have always played games on the economy. They created ups & downs in the economy even prior to the fed. Of course, they did it for a reason, because they wanted the central bank. If people want to actualy understand the economy & understand how things were prior to the fed & dureing some times when the banks hadnt colluded to screw the people they need to read Creature from Jekyll Island. After thet, Pieces of Eight. Weve been taught that inflation is natural & desirable, & how horrible deflation would be.. Told of the horror of Libertarianism, told of the horror of real money instead of fiat currency,, Has it not yet become clear that the things most demonized by the media are things people really have no understanding of EXCEPT what that same media has told them,, & How many people have been demonized in the media, then bombed? How many times has it come out later that we went to war on lies? WHY do people continue to believe anything theyre told ? GO READ something that conflicts with what youve been taught & SEE if it doesnt make more sense than what we have been told. I get so tired of seeing these arguments about money & economy between people who havent a clue., Understand Problem/REaction/solution There ARE enough of the monied people to create economic & societal problems which WILL create a predictable REaction by the People & thyeyre just sittting there Waiting with The Solution,,which is what they wanted to do in the first place. The banks set up the situations economically to make the People happy to have the Fed, because the feds "Job" was to keep things stable. HA!! Look how they failed in that,, YET,, they have been allowed to continue to exist., WE need $$$ T-Bills are printed Sold @ auction $$$ is printed & put into circulation You & I now owe the Fed interest on all that $$$ Not a perfect rundown,but close, Spend some time here, you cant know less about $$$ afterwards,, http://www.activistpost.com/2011/08/g-edward-griffin-mandrake-mechanism-and.html |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/18/13 at 11:57:24 01383F34253E23510 wrote:
I disagree completely. inflation is bad... its always bad... and inflation of 10% is bad. Inflation of 20% is horrible, or at least inflation of 18% is.. I lived through that. deflation is bad... but no worse than inflation. They are two sides of the same function - money that no longer reflects recent nominal value. One can't/shouldn't be "worse" than the other. But if I had to choose I think I would choose deflation. [/quote] OK lets start picking nits - Inflation of 10% is bad you said. You have lived through inflation of 18% you said - Let me ask you then ... Have you lived through deflation of 18% ? Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/18/13 at 12:08:16 4871767D6C776A180 wrote:
So what makes a diamond valuable ... its rarity and resistance to the elements which make it a good "store of wealth". Which is but one factor in a commodity being used as currency. Fiat money is not a commodity... no one would compare a diamond to money as a currency other than as stated above. Gold and silver, also commodities, also satisfy as a store of wealth but are also divisible (will retain the same value separate as whole for each of the part, a diamond does not). To print up money that has no productivity tied to it.. is stealing from those that have money that does have productivity tied to it as it all enters the same economy. Printing up money to give to drug smugglers steals the wealth from retirees that earns and saved, and now hope to live on the store of wealth they accumulated. [/quote] Again - picking nits - OK You have dollar bills in 1 hand and gold (or diamonds if you prefer) of equal value in the other. You will spend them to buy food right now (cos as far as I know you cant eat either) @ what point will the gold be better - and you are not "YOU" you are the common man in the rest of the country. And why ? No, you cant say I'll hide it, and a year later the gold will be worth more. That means you starve to death in the year to come. Gold or diamonds have no intrinsic value - much the same as $$$, beans have intrinsic value, the rest do not. There is 1 situation where the gold will be more valuable than the dollar bills of the same value. Where the end of the US is here but not the end of the world. That is the only situation where gold beats the US$ in terms of what you can do with it now. @ the end of the world no one is going to trade their beans for the dollar or gold. @ the end of the US, the dollar will be worthless, and gold will not. If the US economy improves WRT the rest of the world gold will dimnish in value versus the US$. If the US economy gets worse WRT the rest of the world, gold will advance WRT the US$. There is a very very thin window of advantage for gold and an almost as thin window of disadvantage. Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Pine on 06/19/13 at 10:51:17 797863646B7E620A0 wrote:
So what makes a diamond valuable ... its rarity and resistance to the elements which make it a good "store of wealth". Which is but one factor in a commodity being used as currency. Fiat money is not a commodity... no one would compare a diamond to money as a currency other than as stated above. Gold and silver, also commodities, also satisfy as a store of wealth but are also divisible (will retain the same value separate as whole for each of the part, a diamond does not). To print up money that has no productivity tied to it.. is stealing from those that have money that does have productivity tied to it as it all enters the same economy. Printing up money to give to drug smugglers steals the wealth from retirees that earns and saved, and now hope to live on the store of wealth they accumulated. [/quote] Again - picking nits - OK You have dollar bills in 1 hand and gold (or diamonds if you prefer) of equal value in the other. You will spend them to buy food right now (cos as far as I know you cant eat either) @ what point will the gold be better - and you are not "YOU" you are the common man in the rest of the country. And why ? No, you cant say I'll hide it, and a year later the gold will be worth more. That means you starve to death in the year to come. Gold or diamonds have no intrinsic value - much the same as $$$, beans have intrinsic value, the rest do not. There is 1 situation where the gold will be more valuable than the dollar bills of the same value. Where the end of the US is here but not the end of the world. That is the only situation where gold beats the US$ in terms of what you can do with it now. @ the end of the world no one is going to trade their beans for the dollar or gold. @ the end of the US, the dollar will be worthless, and gold will not. If the US economy improves WRT the rest of the world gold will dimnish in value versus the US$. If the US economy gets worse WRT the rest of the world, gold will advance WRT the US$. There is a very very thin window of advantage for gold and an almost as thin window of disadvantage. Cool. Srinath.[/quote] While I see and understand your position, again I do disagree. There is 1 situation where the gold will be more valuable than the dollar bills of the same value. Where the end of the US is here but not the end of the world. The US does not have to "end", the only condition that must be met is for faith in the dollar to exceed its perceived value. BUT, lets back up.. why would you say I cant hide the gold.. and why would you assume that its value would rise? I DO agree that the value of the gold would mostly likely rise. But why would you not say tat I could hide the dollar away? Because, its a given the value of the dollar would decrease. Why can we agree that the value of a commodity (like gold) likely increase as the value of the dollar decrease? Because that has been the norm since 1971. And what is the major contributing factor tot he decrease in value of the dollar versus all commodities ( including gold) ... The excess printing of money in lieu of taxes such that all holders of money lose purchasing power .. ie they lose the store of wealth that was stolen by the printing of money. So??? and gold is the same ( per your statement above). No, while money can be printed .. gold cannot be... Its REAL scarcity is the protection from a government that would steal from its people as a hidden tax. To be sure the value of gold is not intrinsic... but the properties of gold manifest themselves much better than paper. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/19/13 at 11:21:29 I said you cant hide the gold only because you were already leaning that way ... Since people dont walk around without pants ... we dont see a sign that says "no pants no service" we only see no shirt no shoes no service ... I agree gold has in the last 6 years been on a tear. You already were tending to do that ... that was why you had this comeback. You cant in my example sock any of those 2 away ... Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by justin_o_guy2 on 06/19/13 at 11:41:46 The value of the gold doesnt really go up. It only takes more Dollars to buy it. The value of the dollar is going down. A dime from 1950 will dang near buy a gallon of gas. A $20.00 gold piece that has no "collector" value, its only values is it is a one ounce piece of gold, now costs almost $1,400.00. The same year that gold coin was made, it could be bought for 20 One Dollar Bills. The Fed is creating something like 80 Billion a Month right now. IDK if thats above & beyond normal budgetary needs for sure, but I think it is. The dollar is being used less & less in international trade between other countries. That means the dollars theyve Been holding for use in commerce they will no longer need. Theylkl come HERE with them & buy money making firms. The profits will then be sent out of America. We are set for a tremendous fall & Gold will hold its value, while the paper in the pocket will assume its intrinsic value, that being the value of paper,,, as In NADA. So, whoever survives the crash will be able to use gold to purchase whatever the new currency is & their wealth will have been preserved at the point where they bought in, |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/19/13 at 11:55:41 3A252324393E0F3F0F37252962500 wrote:
Really ... Well OK, we choke that off if our govt had aspine they could ... and while they are at in hit those remittances too. India did this through the 60's 70's and 80's. We booted coke and pepsi out ... imagine that. The result - indian soft drinks were far superior ... till Coke and pepsi came back and killed the industry (mainly by buying them all). Anyway we have various choke points, we would have to start choking them. We can sell all the property they want to the chinese ... We will charge them taxes on it. We will not let them come here to sit on their land. We will write up tickets for not having the grass cut and maintained and fine them. They have to hire us to do that for them. They will have to rent it to one of us to live there. The money leaving the country, we can hit that with a tarriff ... We will squeeze them every chance we get ... You lend us a few trillion $$$ we have you by the ballZZZZ ... Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by justin_o_guy2 on 06/19/13 at 20:42:38 & that WOULD work that way, IF the people in DC werent owned & operated by a power hostile to America.\\\ YOu CANT believe the position we are in is a result of a series of bad luck moments or accidents, can you? If it was just chance, surely theyd screw up & cut us a break once in a while,, |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/20/13 at 08:00:22 3F2026213C3B0A3A0A32202C67550 wrote:
India is also rife with corrupt politicians. Yet in 1975 we squeezed coke out in less than a year. And we didn't have a welfare system. Seriously, we are at this point inviting the foreign purchases. We will snap the guillotine shut when there is enough of a body part of the chinese inside - right now, they have a couple of finger nails. We need to invite till a whole arm gets in ... Selfish basterds all will act appropriately and predictably ... that's one reason why 2008 was a good time for Ron Paul, once the bail out was handed out, it is not the time for an idealist. We had started the slide, and we had roped china in, its time to continue to pull china down with us. The game is rigged, and china is going to be the loser. Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by justin_o_guy2 on 06/20/13 at 22:44:40 Well,, you may be onto somethin there. Ive heard it a few times YOu owe the bank $30,000.00? YOURE in a Bind.. You owe the bank $30,000,000.00? THEYRE in a bind.. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/21/13 at 07:49:48 Good point ... BTW to kill illegal immigration - we dont need no darn fence and no bloody nothing, no border patrol ... well we could use that ... the solution costs nothing ... in fact it makes us lots and lots of $$$ ... Tax remittances about 50%. They have a system in some places in mexico where they give $$$ there and the equivalent is given to their partner here ... no western union. It used to exist in India too. That should also be easy to kill. Cos when the taxes on remittance are 50%, they can raise their fees to nearly 40% ... very profitable ... but so few will be doing it. Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by justin_o_guy2 on 06/21/13 at 08:07:15 When I lived in LIndale, ( East Texas/Tyler area) one of the most popular convenience stores had a phone set up. It was there just for the Mexicans to handle their $$$ transfers. They charged a bit for the use of the phone & they, somehow, I never studied it, wasnt my dang business to snoop into it. Now, I wish I had.) But somehow they helped them get their paychecks turned into $$$ & helped them get some sent "Home". They eventually sold to Valerro & rebuilt the place. Tore it down, dug up tanks & started Over.. Nicest station in Lindale. The phone? No mas.. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/21/13 at 08:33:30 You know the first hting mexicans do when they get legal status. Dump all their still illegal friends ... even if they are family. I knew of 3 mexican brothers, knew em all very well knew the anchor babies etc etc ... oldest of the anchors was 25 and youngest was 15, so not babies really, but anchors for sure. None of the parents had legal status. I didn't know that they had a 4th brother ... never seen/heard/saw him. Apparently he was legal ... Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Paraquat on 06/21/13 at 09:28:19 I actually have to agree with you on luring China into the mouse trap. That sounds crazy enough to work. --Steve |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/21/13 at 10:56:53 I know cos India did it to coke in the 70's. We have lots of things like metal cooler boxes and embossed metal posters that say coke etc etc ... but no coke. You dont have to prevent people from buying your property if you can prevent them from accessing it, and make them pay taxes on it if they want to keep it in their name, make them maintain it much like they will have to if they were living on it, charge them a tarriff if they want to collect the profits back, and squeeze them all around. You know what one Indian - American Indian told me about how they "sold" all their land to the white man ... among the Indians when white settlers came to the area it was a joke that "the white man was going to own the land" ... They sold it to them thinking what is the white man going to do ... "owning the land" The white man put fences up and prevented the Indians from getting onto their land and shot the ones who did. This fence ... is called the pacific ocean. We dont even have to build it. The chinese can work on "moving" all the little squares of property they buy ... in the mean time we charge them with maintaining it, with paying taxes on it, and with any prifits they get from it, we could start charging them a tarriff. The biggest surprise to me was that when I came to the US, I had a foreign bank account in India, where if we put in USD here, it will get converted to Indian Rupee and they can draw it there. India only let me walk out with $20 in USD. US could do that and choke off all remittancces and whatever garbage and kill illegal immigration as well in 1 swipe. Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by justin_o_guy2 on 06/21/13 at 22:34:17 "Kill Illegal Immigration"?? YOu know thats Never gonna happen.. Anyone here really think the Obama administration is gonna secure the border? HA!,, REagan couldnt get it done,, There will be no mass deportations & the border will remain porous, Some deportations will have to happen, to "show the People" theyre REally TRyin! |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/25/13 at 07:35:16 Since you are all gold nuts here is ascenario for you to chew on ... The next few years could see a global temperature rise and glaciers and ice caps melting. That would drop a few coastal areas in India, china and other parts of asia africa and europe under water. As well as whole Island countries like tuvalu and fiji and maldives etc. Those people are now left scrambling for high ground, and china and India have been buying gold with growing economies ... making gold second only to meat in increasing consumption. OK so demand is dropping, the new sought after commodity is "high ground" Its already happening ... BTW chinese Idiots now order a lot of food @ restaurants and waste it all just to show how affluent they are. Its a status symbol. Anyway back to gold. The newly melted areas open up for mining. We find gold there ... Bingo, increase in supply = market crash in gold. The first already is happening, the second - we dont know, but we have found oil and gas in the arctic in northern siberia. Cool. Srinath. |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by Paraquat on 06/25/13 at 09:10:51 See, that's another one of your posts I like. My mom was one of the whackos who bought some gold thinking the market was going to crash. After Cyprus she's hesitant keeping money in the bank. How else could you guarantee wealth? Or just securing what you already have? --Steve |
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Title: Re: Abolish the Federal Reserve!!!!!!! Post by srinath on 06/25/13 at 09:23:05 78495A49595D495C280 wrote:
I dont believe in anything really having an intrinsic value under all circumstances ... not dollar, not gold ... After kartina guess what ... plywood was $35, a 5 fold increase ... If we have armageddon ... guess what - steel will be more valuable. You can build sheite with it. You have coastal innundation, your 700 ft above sea level 1/4 acre and house will look so nice to the refugees from lower manhattan. Of course food is always valuable, if you can preserve it ... Cool. Srinath. |
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