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I'm sure thats based upon your extensive study, and familiarity with the two concepts. And not on any propaganda, or assurances by radio personalities.
An economic upheaval is inevitable. Whether one can blame partisan politics is moot.
The problem lies in the very nature of American money (or funny munny).
Constitutional money (coin) ended in 1933.
Since the emergency was declared, all that has circulated are worthless securities (notes).
To increase the amount of new notes, CONgress must borrow more (deficit spending).
And to pay the increased interest, more notes are needed (more deficit spending).
This is due to Title 12 USC Sec. 411.
And this insanity cannot be questioned, pursuant to clause 4, 14th amendment, USCON.
I wonder if it is a derivatives market that has people really scared. Seen estimates that is now 1.5 quadrillion!!!
Holy @!$
It really makes you want everything about the banking and financial system.
Holy Sheet derivatives market is right! The Financial Services Modernization Act not only succeeded in finally completely repealing Glass-Steagall ...
Quote:
Oct.-Nov. 1999 - Congress passes Financial Services Modernization Act
After 12 attempts in 25 years, Congress finally repeals Glass-Steagall, rewarding financial companies for more than 20 years and $300 million worth of lobbying efforts. Supporters hail the change as the long-overdue demise of a Depression-era relic.
...Just days after the administration (including the Treasury Department) agrees to support the repeal, Treasury Secretary Robert Rubin, the former co-chairman of a major Wall Street investment bank, Goldman Sachs, raises eyebrows by accepting a top job at Citigroup as Weill's chief lieutenant. The previous year, Weill had called Secretary Rubin to give him advance notice of the upcoming merger announcement. When Weill told Rubin he had some important news, the secretary reportedly quipped, "You're buying the government?"
... it pretty much guaranteed the derivatives market would not be regulated. It should be noted this was not deregulation - they were not, nor are they now regulated. It's a house of cards! It's a Las Vegas styled casino!
Seriously, the same systemic risks are still there. The same moral hazards ... Too big to fail is STILL too big, not only even bigger than ever, but too big to care. Holy indifference. & they still have their 'get out of jail free' cards (no expiration date in sight) & their self-proclaimed omnipotence.
I'm sure thats based upon your extensive study, and familiarity with the two concepts. And not on any propaganda, or assurances by radio personalities.
I'm an AnCap. It's pretty simple which side freedom aligns with.
Remember that double dip recession we were supposed be in just in time for the 2012 Election? Opening the door for a GOP victory over the Muslim Marxist?
Mind you, he definitely isn't the only wealthy person out there who feels that US economic system is in grave danger (Overstock CEO comes to mind)...
Given Trump's thoughtful and well researched responses to all the challenges the US currently faces, why the hell would anybody but a devoted Trumplet think Trump would know any more about the US economy than my dog?
Mind you, he definitely isn't the only wealthy person out there who feels that US economic system is in grave danger (Overstock CEO comes to mind)...
I think he is right....he is filthy rich and very concerned...remember, he built this empire, I'm guessing with the best advisers in the world....Trump doesn't hold back when he expresses himself verbally, and he said, "The people who are running the world now, are very very bad people". The way Trump talks is equal to that of a 5th grader...however, I know there is a whole lot more there then what meets the eye....remember, he's got very many children. Couldn't avoid saying very many....Anyway, after you work hard all your life, building an empire, and trying to duck the establishment...you want to leave a legacy behind, financially and probably mentally, given his ego....so....
America cannot keep going the way it has...we're going deeper and deeper in debt, spending money we don't have, and you can thank Obama for that....and mind you, here is another thought....
Remember after Obama's first 4 years, they talked about how he tripled Bush's dept in just 4 years? Well, you don't hear that kind of talk any more....what you hear is the constant flow of cash he keeps giving away? Not to mention, all the money these jokers are spending and no one says a word...
We're up to our necks in debt, and they just keep spending money....
Our culture stinks...we don't blink twice about spending money we don't have....
Amazing...not to mention, more and more homeless....more and more giving welfare to the illegals....its crazy....
I think Trump ran, b/c he knows a whole lot more then any of us knows, and he's got the most to loose.
And that is why I back him.
when he talks on a 1:1 basis, with reporters and other people interviewing him, you can see he is exhausted...and when your tired like that, it's like being drunk....he's got to be pushing the limits of his own body....
but basically, he's a nice guy, down to earth and really concerned...you can see the worry....
I like him b/c he refuses to go along with the establishment...which speaks volumes....
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Couldn't avoid saying very many....Anyway, after you work hard all your life, building an empire, and trying to duck the establishment...you want to leave a legacy behind, financially and probably mentally, given his ego....so....
