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Pushing people into homes they could not afford is also on the taxpayer's back in the future.. we are headed for huge tax debt in the coming years with a president that can't think .... we are picking up that debt by our government buying toxic assets off the books of the banks in trouble with too many foreclosures on the books and there are many homes still standing idle.. the banks have to move these homes through short sales because they have too many foreclosures on their books and have lost trillions of bucks on all these faulty loans because the people did not pay but took the money and gave it to the builder or the person who sold them the house.
They are selling some of these foreclosures for half price or less to get some of the principle back and they didn't get much interest on these adjustable rate mortgages as many were interest free up front. The banks lost the principle which is the real killer here. And the government is borrowing money to put money back into the banks because all they have is a bunch of toxic assets with no one paying the mortgages so there is no cash flow.
How was anyone pushed into a house they couldn't afford? Everyone had the freedom to not buy a house that seemed too expensive to them.
How about when there is no tangible currency left? What will I do?
TRADE IN ALL YOUR FEDERAL RESERVE NOTES FOR GOLD BEFORE THEY BECOME WORTHLESS!!!!!!!!
I could just see it now in the grocery store:
Cashier: "That will be $6.22"
Hot_Handz: "Sorry, I only have gold bars. How much is that in gold"
Cashier: "Whut? We take cash, credit, debit, or check"
Hot_Handz: "Thats just all a conspiracy to keep us enslaved. How much gold do I need to give you?"
(Cashier pages Manager)
Manager: "Sir, what can I do for you"
Hot_Handz: "I was just explaining to your sheeple employee here that I don't use Federal Reserve Notes since its not real money. I use gold. Please tell me how much I need to give you and I will be on my way"
Manager (pulls out iPhone and caculator) "Yeeah... Lets see, gold is now trading at $1369/oz..., $6.22 divide... that will be 0.00454346238130021913805697589481 ounces."
Hot_Handz: "I only have this 400 oz gold brick, and I won't accept phoney cash for change"
Manager: "Sir, I'm sorry but you'll have to leave the store. Please go before I call the police"
Hot_Handz: "YOU ARE A SLAVE TO THE SYSTEM! THIS STORE IS PART OF THE CONSPIRACY!!! DOWN WITH THE FEDERAL RESERVE!!!!!!..."
Every single modern economic system is based on faith in the government of the country under which it exists. Tangible currency is meaningless for a modern economy to operate.
Oh great... so your answer goes something like this....
ALL economic systems require some state oversight. The state seeks to control ALL of it.... so let's just do it.
TRADE IN ALL YOUR FEDERAL RESERVE NOTES FOR GOLD BEFORE THEY BECOME WORTHLESS!!!!!!!!
I could just see it now in the grocery store:
Cashier: "That will be $6.22"
Hot_Handz: "Sorry, I only have gold bars. How much is that in gold"
Cashier: "Whut? We take cash, credit, debit, or check"
Hot_Handz: "Thats just all a conspiracy to keep us enslaved. How much gold do I need to give you?"
(Cashier pages Manager)
Manager: "Sir, what can I do for you"
Hot_Handz: "I was just explaining to your sheeple employee here that I don't use Federal Reserve Notes since its not real money. I use gold. Please tell me how much I need to give you and I will be on my way"
Manager (pulls out iPhone and caculator) "Yeeah... Lets see, gold is now trading at $1369/oz..., $6.22 divide... that will be 0.00454346238130021913805697589481 ounces."
Hot_Handz: "I only have this 400 oz gold brick, and I won't accept phoney cash for change"
Manager: "Sir, I'm sorry but you'll have to leave the store. Please go before I call the police"
Hot_Handz: "YOU ARE A SLAVE TO THE SYSTEM! THIS STORE IS PART OF THE CONSPIRACY!!! DOWN WITH THE FEDERAL RESERVE!!!!!!..."
Did you ever foresee yourself coming out of the grocery store and being killed for your groceries?
Oh great... so your answer goes something like this....
ALL economic systems require some state oversight. The state seeks to control ALL of it.... so let's just do it.
You might as well say 1% is the same as 100%
Yes...all economic systems that are not based on barter require a degree of state oversight. That isn't a radical view, that is something that has existed in every economic system since the middle ages.
If you want to go back to trading chickens for milk go right ahead. Or better yet, you could educate yourself on macroeconomic effects of central bank policies with a textbook instead of a video on youtube.
Yes...all economic systems that are not based on barter require a degree of state oversight. That isn't a radical view, that is something that has existed in every economic system since the middle ages.
If you want to go back to trading chickens for milk go right ahead. Or better yet, you could educate yourself on macroeconomic effects of central bank policies with a textbook instead of a video on youtube.
Stop building strawmen...when did I ever say I wanted a barter system? I very well understand the benefits of mediums of trade.
What I am trying to get you to expound on is WHY should you place MORE faith in government regarding these channels than we already have?
How does it feel being a SLAVE and not even realizing it? Or do you even care? So long as you're content then being a slave isn't all that bad I suppose. Right?
I assume you posted this from a 100% off-the-grid yurt in Montana, where you grow all your own food and barter for everything else.
Though how you managed to get onto the Internet under those circumstances is a bit of a mystery.
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