Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Do they not understand how our currency works? If there's no national deficit, the federal reserve won't have any reserves to buy in order to do a QE. Do you want our country to slide into another Great Depression?
Is it not indescribable? I mean, how can anyone confuse being buried alive in debt as being a good thing?
If you ever wondered how we got to where we are now ... wonder no longer. At least half the population is certifiable, and should not be left alone without proper supervision.
As I've tried to explain to you, in an absolute effort of shear futility, debt is not money. Credit is not money. That's why the banks that issued massive amounts of credit that could not be repaid, wound up with massive amounts of bad debt. This was the reason they claimed to be in need of bailouts to keep them from total failure. The reality is, they knew exactly what they were doing, and their "losses" are as much a fraud as the "credit" they issued which they never had to issue in the first place.
And no ... the banks didn't "give away" anything. They stole everything based on a fantastic fraud which was made possible by the fantastic belief that worthless monopoly dollars were indeed money ... which was made possible by fantastic stupidity that still seems to exist among some of the people who still don't realize how stupid they actually are by continuing to claim that bad checks are still good so long as someone signed the damned thing, when the reality is, the check is only good, if there is enough money in the bank account to satisfy the check. A bad check, even with a signature is nothing more than hard evidence of fraud.
Money can become not money. I can't pay off my debts directly with silver anymore. I can't have it coined. Silver has been demonetized more than once. We are just going to have to agree to disagree in this point.
You mean, aside from the constitution which identifies a dollar as Silver? Or the 20-1 ratio of Silver to Gold? Or the thousands of years of history of gold and silver coins being used as money?
Other than those things, there are many reasons for it's use as money, predominantly associated with it's intrinsic value based on the amounts available and the difficulty in locating and mining more of it, along with it's usefulness and demand. Silver is particularly valuable for a large number of applications ranging from electronics to medical purposes to beautiful jewelry. Gold is extremely difficult to counterfeit due to it's special properties in weight and density.
In all honesty, silver should be more valuable than gold, but gold has been made more valuable artificially probably because there is more of it, and very little of it is actually "consumed" ... but is simply "held". Most of the gold ever mined still exists, while most of the silver is used up in applications that preclude reclamation of it.
Are you saying that money needs to have barter value independent of any government guarantee?
Are you saying that money needs to have barter value independent of any government guarantee?
It can only mitigate the loss of credit since a commodity losing its monetary value will lose exchange value.
Silver went from 16 to 1 to 40 to 1 after 1873 by the stroke of the pen.
Gold is heavily manipulated. The gold lease drove down the price of gold which is what kept the price so low. Gold carry trade essentially inversely drove up the stock market while driving down gold in the 90s. It was essentially a gold depression manufactured by the central bank. That is why it has been such a good investment now since it was an unraveling short position for gold financed investing. The manipulation, coin clipping and shaving, fractional reserve lending, iron pyrite will now have video on loop back showing "reserves". No one can seem to even verify the gold we have in Fort Knox.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
