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I'm confused Jet [yes, you are], but I'm going to blow your mind here. [No, you didn't]
Anyway - Let's agree on some things:
Dollars growing faster than Gold. Agreed. [that's not what I posted. I posted that "dollar bills" are not dollars.]
US Debt is impossible to be repaid. Agreed. [And it's bogus. Congress never received 19+ trillion DOLLARS (in gold). Don't you think it's a "bad thing" to have a government engaged in FRAUD?]
US Debt is larger than GDP. Agreed. [Not comparable. The debt is in DOLLARS. The GDP is denominated in "dollar bills" - apples and orangutans.]
So, if lower debt to GDP is good [I never claimed that], then that link can show us the winners:
Nigeria
Argentina
Russia
Hey wait a second, those currencies all suck...if they still even exist. [Your example does not tally with what I posted. The point is that our economic system based on DEBT-CREDIT is a fraud, which enriches the few at the expense of the many.]
Well, let's look at good economies [DEFINE "GOOD"!]
USA [If you exclude immigrants, the birthrate is below that needed to sustain the population]
Germany [suffering from socialism - invaded by incompatible immigrants]
Japan [Depopulating]
The only oddity is China, but let's chalk some of that up to straight up fraud. [In which way?]
So what gives? How's it make any sense? [Why seek sanity in an insane system? Re-arranging deck chairs on the Titanic keeps everyone "busy" ...]
Take out a $20. Look at it. It's a debt note on paper. It's not gold. What is it? It's an option to acquire anything a dollar [No, it's not] can buy....and because we keep making more crap, it can buy more. It can buy things [as a revenue taxable privilege - not as a right] others can't...like oil, or imports from another country.
So people want it [I don't], to buy stuff they can't buy with other currency [what currency can't buy stuff?]. And if they don't have it, they borrow it, and they can because there's a low interest rate, and there's a low interest rate because there's a lots of debt.[that's not the reason]
So that means that they also want it, because they (not the government) has to repay their debts. [Who says you have to "need" money? What is stopping you from bartering goods and services? What is stopping you from emitting private money?]
Basically, as long as dollars will be convertible into anything [minus a cut to the government and banker], they'll be wanted.
If inflation means that you need more to buy the same thing, guess what....you'll want even more dollars! [Despite the fact that there are actually fewer in circulating that what is needed - and inflation is another means of thievery.]
So, as long as the Central Bank doesn't make our inflation egregiously different from anyone else's....it doesn't matter. [It does matter - to the people financially ruined by inflation - as in living expenses (i.e. homeless) - food (SNAP) - medical care (uninsured) - savings - etc.]
Personally, I prefer Creator endowed rights to life, liberty, absolute ownership, yada yada. I support prosperity - as in the production, equitable trade and enjoyment of surplus usable goods and services. Prosperity has no correlation to the sum and value of money tokens, which when combined with usury, is a scam to cheat and rob people (with government protection, no less).
However, if you prefer an economic and political system where you enrich the faceless hordes who skim from you and yours, embroil your nation in endless wars, to hide the perpetual deficits of the bankrupt benevolent totalitarian collectivist police state. Kill, maim, and destroy "for freedom" while you need government permission (license, ID) and / or pay a tax to live, work, travel, own, buy, sell, trade, barter, hire, fire, operate a business, treat the sick, build a house, enter occupations, marry and / or own a dog, that's your prerogative. But don't presume that's what the Founders gave us, nor is it acceptable.
FWIW - if you can't find a job because "no one has enough money to hire you" and that you can't buy what you need because "you don't have enough money," and retailers are going out of business because "no one has enough money to buy," and businesses are closing down or laying off workers because "no one has enough money to buy from them" and factories are closed because "no one has enough money to buy," and governments "take" from one to "give" to another, as a remedy to money madness ... do you think there's a problem with those who create and establish the value of money tokens?
Let's not forget the socialist factor ("tax and bribe").
Supplemental Nutrition Assistance Program, or SNAP, the program formerly known as food stamps, serves 43.6 million people (14% of the population).
In 2017, 66.2 million people are collecting social security pensions (20%).
The number of full-time employees : 124.5 million (39%).
Of that number, 22.3 million are government employees (18% of the total full-time workforce).
25.8 million are part-time workers (8%).
The labor force participation rate is 62.7% (39.3% "can't participate" = find jobs) of the potential labor workforce.
Based on these numbers, there are 198.5 million eligible workers; 62% of the population; and 121.4 million (37%) ineligible, incapable, or otherwise dependent upon others. [Or should we really say that 61% of the population is ineligible, incapable, or otherwise dependent upon others?]
Thanks to socialism, the growth in beneficiaries is outstripping the growth in taxable population.
Population growth rate:
USA : - - - - - - 0.75%
GERMANY :- - - 0.06%
JAPAN :. . . . . . -0.12% (depopulating)
WORLD AVERAGE : 1.18%
Mexico - - - - - 1.37% (exporting their surplus to el Norte)
Guatemala - - - 2.08%
Pakistan - - - - -2.11%
Saudi Arabia - - 2.32% (double world avg)
Yemen - - - - - - 2.52%
Nigeria - - - - - - 2.67%
Palestine - - - - - 2.75%
Afghanistan - - -3.02%
Jordan - - - - - - -3.06%
Iraq - - - - - - - - -3.31%
Niger - - - - - - - 4.00% (triple world avg)
Kuwait - - - - - - 4.81% (quadruple world avg)
Lebanon - - - - - 5.99%
Oman - - - - - - - 8.45% (7 times world avg) https://en.wikipedia.org/wiki/List_o...on_growth_rate
UN 2010-2015 column data
In BioWar, the future is based on descendants. Failure to make enough, and your progeny are pushed out by those who did.
Socialism fails when it runs out of "other people's money" -and- runs out of "other people's children" to tax.
In the pre-socialist days, a common practice was to have a large brood of children as security for one's old age. When socialism came around, and offered pensions to the aged, the pressure to have many children was eliminated. People assumed that they would be supported by "other people's children." Unfortunately, depopulation has resulted from socialism, as exhibited by the "Graying of Europe." The shrinking future generation is facing ever higher tax bills to support their elders (and the management). Coincidentally, non-socialist countries are now exporting their surplus population into those "benefit rich" socialist countries. If nothing changes, in a generation or two, the original owners will be replaced by the new owners, descendants of the immigrants. And socialism will be but a memory - a bad one.
[Long story short flag on]
Money mad culture presumes MONEY = PROSPERITY. Usury requires an infinite money token supply (due to the exponential equation used for compound interest). The scarcity of money throttles production and trade. Economic and political problems are resolved by TAKING from one to GIVE to another. (Theft by government)
In reality, prosperity is based on the production, equitable trade and enjoyment of surplus usable goods and services. Doing more with less so more can enjoy is superior to doing less with more so few can enjoy. There is no correlation between the sum and value of money tokens and the potential goods and services in the marketplace.
INFLATION = BAD
And to illustrate how the few are enriched by the many, here's a snippet of inflation:
Shopsmith multipurpose wood working tool
1950 - $169.50
1980 - $799.99
2010 - $2999.99
Hours to work (min. wage) to buy SS tool
1950 : 169.50 / 0.75 = 226 hours
1980 : 799.99 / 3.10 = 258 hours
2010 : 2999.99 / 7.25 = 413 hours
2017 : 3559.00 / 7.25 = 491 hours*
(* To add insult to injury, modern production technology reduces the amount of labor, and yet it costs MORE to buy! )
Q: WHO BENEFITS WHEN YOU HAVE TO WORK MORE FOR LESS?
We're being PUNKED.
Last edited by jetgraphics; 04-12-2017 at 09:49 AM..
But...you know man, my wife. She's superstitious and stuff. Having some gold for a SHTF situation will help keep her calm. I'm 100% positive if I got rid of it that I wouldn't survive any SHTF situation...like Thursday.
But...you know man, my wife. She's superstitious and stuff. Having some gold for a SHTF situation will help keep her calm. I'm 100% positive if I got rid of it that I wouldn't survive any SHTF situation...like Thursday.
If you have more than 2 ounces (your "fair share") watch out for those pesky socialists who would expropriate it.
Addendum:
"Dollar bills" (Federal reserve notes) are part of the national debt (19+ T), and cannot pay off that debt, being IOUs.
However, if/when the debt is abolished / repudiated for fraud, that means all "Dollar bills" are no longer legal tender
Billionaires become zero-aires overnight.
Nor can we simply return to the gold standard, since there is insufficient bullion.
We can't even return to a bi-metallic standard, because there's not enough silver bullion, either.
This is a prime example of being [bleeped] no matter what you do.
- - - -
References:
COINAGE ACT OF 1792
FEDERAL RESERVE ACT OF 1913
Title 12 USC Sec. 411
House Joint Resolution 192, June 1933
Gold Reserve Act of 1934
"2017 will be the year of retail bankruptcies," Corali Lopez-Castro, a bankruptcy lawyer, told Business Insider after she attended a recent distressed-investing conference in Palm Beach, Florida. "Retailers are running out of cash, and the dominoes are starting to fall."
Payless ShoeSource, hhgregg, The Limited, RadioShack, BCBG, Wet Seal, Gormans, Eastern Outfitters, and Gander Mountain are among the retailers that have filed for bankruptcy so far this year, and most are closing hundreds of stores as a result. On top of those closures, retailers that are staying in business — at least for now — are shutting down a record number of stores.
More than 3,500 stores are expected to close over the next several months.
In February, retailers cut over 30,000 jobs.
- - - - -
It would appear that customers are also "running out of cash" as they switch their shopping habits.
It would appear that customers are also "running out of cash" as they switch their shopping habits.
I think the next "shoe drop" will be when the internet retailers start going belly-up, and it's starting to happen. All this time, people have dismissed the great brick-and-mortar debacle as being the expected result of internet shopping. Dying malls, closed anchor stores, and a shifting landscape of retail names, all blamed on Amazon, eBay and Ali Baba.
But I watch those internet giants closely. For years, Amazon's minimum purchase for free shipping was $25. Then it went up to $49 as sales increased. Now it's back down to $35, as apparently too many people could not afford to spend $49 bucks at a clip.
The American consumer is getting tapped out. Low minimum wages, robotics, few jobs for unskilled labor, huge student loan debt and maxed-out cc's all combined to kill the middle class. Consumers are bogged down with unpayable debt, just as the gov't is saddled with unpayable debt. Unpayable because the debt is denominated in debt notes.
So, yeah, the internet - the great hope of retail - will be the next shoe to drop.
In the event of a collapse, I think the first thing that will happen is that the powers that be will look for a class of people to blame.
That class of people will be hounded, arrested, and fined out of existence. Unless, of course, they choose to leave the country, or fight back.
The government will print money to prop up companies considered to be essential (by the government, of course).
When inflation reduces money to just paper, a black market will come into existence. The government will try to 'protect' us against black marketeers, and we will end up in a dictatorship.
The government will take over distribution of goods, with the usual results - shortages.
Based on my experience with Katrina and others - people who are immobile, whether by age or infirmity, will die. When aid was given out, it was given to those people who could get to the aid site.
As medication becomes scarce, those dependent on drugs will die. Those people who can leave the country for a more prosperous country, will leave. Mexico will reinforce the wall to keep out Americans.
I plan on living quietly, within my means, based on the theory that the protruding nail gets hammered.
The government will print money to prop up companies considered to be essential (by the government, of course).
This is one of the most pervasive errors believed by millions of Americans.
A) Government has no power to "print money." Paper dollar bills are NOT dollars, but notes (IOUs) i.e. debt, denominated in dollars.
B) Congress only has the delegated power to "coin money" (stamp bullion) and "borrow money." If Congress could "print up money" why would it need the power to borrow it? In fact, Congress cannot print money nor give that power to anyone else.
C) Pursuant to the Coinage Act of 1792, a unit dollar is a silver coin, and a one ounce gold coin is equivalent to 20 unit dollars ("double eagle"). By law, notes (debt) are NOT money, though they are legal tender upon obligated parties.
D) Contrary to the eCONomist rule that inflation is "too much money chasing too few goods" (which is how the erroneous belief that "government is printing too much money" is promulgated) there is actually a MONEY DROUGHT. No eCONomist will divulge the REAL cause of inflation. Bill Gates and Co. are not bidding up the price for milk and cookies.
● There was approximately $1.5 trillion in circulation as of February 22, 2017, of which $1.47 trillion was in Federal Reserve notes.
U.S. Population (2017) : 326,474,013
>>> $4,502.65 per capita <<<
Federal Budget (2017): $3.65 Trillion
Can you figure out how government can spend $3.65 T with only $1.47 T in circulation?
VELOCITY
OF
MONEY
(or whatever they're using in lieu of money)
. . . . .
The faster money changes hands, the "takers" can grab their skim, and pass it on.
Hoard money / currency - take it out of circulation - and the whole system collapses.
Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit... https://finance.yahoo.com/news/boein...--finance.html
. . . .
[CRACKED CRYSTAL BALL FLAG ON]
There appears to be an indication of a imminent RECESSION, if not DEPRESSION.
. . . .
Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit... https://finance.yahoo.com/news/boein...--finance.html
. . . .
[CRACKED CRYSTAL BALL FLAG ON]
There appears to be an indication of a imminent RECESSION, if not DEPRESSION.
. . . .
Boeing is a company of "boom or bust "
Always was, always will be.
I recall friends from MN flocking to Seattle for the big bucks $$$$$$$$$ about 45 years ago.
After a few years they were back due to massive lay offs.
Many years back Boeing had a massive lay off and a sign stated..........." Will the last person leaving Seattle turn out the lights "
Using Boeing as a barometer for anything is ridiculous !
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