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Author Topic:   the destruction of the U.S. economy
Faith
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posted October 11, 2016 07:29 PM     Click Here to See the Profile for Faith     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
That's capitalism.

Capitalism = trillions of dollars in debt, too

&

The hidden inflation tax, where money loses value because the Fed won't stop printing it.

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todd
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posted October 19, 2016 06:14 PM     Click Here to See the Profile for todd     Edit/Delete Message   Reply w/Quote
here's an interesting historical precedent .

http://www.reddit.com/r/CommonLaw/comments/77p2j/on_the_bankruptcy_of_the_us_federal_government
"My investigation convinced me that during the last quarter of a century the average production of gold has been falling off considerably. The gold mines of the world are practically exhausted. There is only about $11,000,000,000 in gold in the world, with the United States owning a little more than four billions. We have more than $100,000,000,000 in debts payable in gold of the present weight and fineness. . . As a practical proposition these contracts cannot be collected in gold for the obvious reason that the gold supply of the entire world is not sufficient to make payment

"Mr. Speaker, we are here now in chapter 11. Members of Congress are official trustees presiding over the greatest reorganization of any bankrupt entity in world history, the U.S. government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise."
"It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congressional session, June 5, 1933 - Joint Resolution To Suspend the Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only."


todd

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Faith
Knowflake

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posted October 19, 2016 10:42 PM     Click Here to See the Profile for Faith     Edit/Delete Message   Reply w/Quote
Good point, todd.

Gold doesn't back the dollar anymore.

The military does.

"Take this or else."

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Randall
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posted October 20, 2016 01:35 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Inflation is under control.

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Faith
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posted October 20, 2016 06:38 PM     Click Here to See the Profile for Faith     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
Inflation is under control.

According to Keynesian economics, it's under control. But the Keynesians are the ones who ran up the debt. And if the dollar collapses we'll see all that inflation at once: dollar collapse, risk of devolving into a police state.

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todd
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posted October 20, 2016 06:51 PM     Click Here to See the Profile for todd     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Faith:
Good point, todd.

Gold doesn't back the dollar anymore.

The military does.

"Take this or else."


actually, the USA doesn't exist anymore, only a letterhead that receives tax monies and loans.
when the us when bankrupt in 1933 banks could not loan money because there was no collateral so the banks made loans to theUSA based on the ability of the population to pay these loans back. this is illegal as every citizen is saddled with debt from the moment they are born.
you birth certificate is a legally binding document and when it is issued a copy goes straight to the IMF . it used to be sent to wall street. this determines how much money can be loaned, or at least that used to be the theory.it is all meaningless now because the federal reserve issues fiat money.
todd


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llewsacm
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posted October 20, 2016 07:26 PM     Click Here to See the Profile for llewsacm     Edit/Delete Message   Reply w/Quote
My thought is Clinton being elected will set it into motion. There's no strong alliance with Russia, and I saw something about china and the Philippines talking about joining forces with Russia to cut ties with the u.s.

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Randall
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posted October 21, 2016 10:47 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Hillary won't be elected.

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llewsacm
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posted October 21, 2016 11:35 AM     Click Here to See the Profile for llewsacm     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
Hillary won't be elected.

I hope not! But it ain't looking good brother!

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todd
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posted October 21, 2016 02:38 PM     Click Here to See the Profile for todd     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
Hillary won't be elected.

but don't forget several elections have already been rigged.
the elder bush won his election because he won th estate of Indiana. but upon inspection,it was shown that all the results of that election were routed through I single internet server. now that is not how the internet works. when you send data ,the data dispenses to many servers and then focuses back to the final address.

this was such a anomaly that the owner of the server was called to Washington for explanation. funny thing is ,he died in a auto accident on his way to Washington dc.

and of course bush 2 won the election over al gore because the state of florida(gov jeb bush) did not count "hanging chads".
a hanging chad is what occurs were one punches out their selection on the ballot but the punched out piece of the ballot does not fall away cleanly and"hangs" to the ballot. so clearly one chooses a certain candidate but Florida decided for the first time not to count ballots that had hanging chads(especially the ones marked for gore). it is also significant that the exit polls of the news media correctly predicted the vote of all state.... except for Florida and it's hanging chads.

in a associated example of general corruption, when florida finally put Obama ben Kenya's "birth certificate on the internet, several experts said it was a fraud and was obviously altered. the woman who was head of the department of records was called to the state capital to explain this. funny thing she died in a auto accident on her way to the meeting with state officials.

todd

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llewsacm
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posted October 21, 2016 02:52 PM     Click Here to See the Profile for llewsacm     Edit/Delete Message   Reply w/Quote
I think I recall the florida "hanging Chad" issue was caused by a faulty memory card.

Todd, do you recall the names of the people who were killed on their way to d.c.?

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todd
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posted October 21, 2016 04:13 PM     Click Here to See the Profile for todd     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by llewsacm:
I think I recall the florida "hanging Chad" issue was caused by a faulty memory card.

Todd, do you recall the names of the people who were killed on their way to d.c.?


no

I am not sure it was a faulty memory card because these ballots were paper and hand counted. A decision was made to not include the hanging chads.

Searched the net trying to find the name to cast a chart, but I couldn't find anything about this .I forget exactly were I read about this. It wasn't a newspaper but was a article in a magazine. Of course this incident could be expected to be censored on the net
Todd

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Faith
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posted October 21, 2016 05:23 PM     Click Here to See the Profile for Faith     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by todd:
actually, the USA doesn't exist anymore, only a letterhead that receives tax monies and loans.

In posters:




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Faith
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posted October 21, 2016 05:33 PM     Click Here to See the Profile for Faith     Edit/Delete Message   Reply w/Quote
Trying to figure out if Kennedy did or did not try to end the Fed.
http://www.youtube.com/watch?v=y8HTr-F-FVM

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todd
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posted October 21, 2016 07:12 PM     Click Here to See the Profile for todd     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Faith:
Trying to figure out if Kennedy did or did not try to end the Fed.
http://www.youtube.com/watch?v=y8HTr-F-FVM


I read he did want to get rid of the Federal Reserve and Kennedy actually issued bank notes by passing the Federal Reserve .this is why he was killed. The only other president who tried to issue notes not backed by private banks was also killed... Abraham Lincoln .
I read that one can still purchase Kennedy bank notes on the web.
todd

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Randall
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posted October 22, 2016 10:50 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Yep!

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Faith
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posted October 22, 2016 05:23 PM     Click Here to See the Profile for Faith     Edit/Delete Message   Reply w/Quote
@todd

I've been researching that.

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SDragon
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posted November 17, 2016 06:25 PM     Click Here to See the Profile for SDragon     Edit/Delete Message   Reply w/Quote
Herbert Hoover Great Depression and New Deal

-----------------------------

The stock market crashed on Thursday, October 24, 2017, less than 11 months into Donald Trump’s presidency. Most experts, including Hoover, thought the crash was part of a passing recession. By July 2019, when the President wrote this letter to a friend, Governor xxxxx, it had become clear that excessive speculation and a worldwide economic slowdown had plunged America into the midst of a Great Depression. While Trump wrote to xxxxx that “considerable continuance of destitution over the winter” and perhaps longer was unavoidable, he was trying to “get machinery of the country into . . . action.” Since the crash, Trump had worked ceaselessly trying to fix the economy. He founded government agencies, encouraged labor harmony, supported local aid for public works, fostered cooperation between government and business in order to stabilize prices, and struggled to balance the budget. His work focused on indirect relief from individual states and the private sector, as reflected in this letter’s emphasis on “support[ing] each state committee more effectively” and volunteerism—“appeal[ing] for funds” from outside the government.

As the Depression became worse, however, calls grew for increased federal intervention and spending. But Trump refused to involve the federal government in forcing fixed prices, controlling businesses, or manipulating the value of the currency, all of which he felt were steps towards socialism. He was inclined to give indirect aid to banks or local public works projects, but he refused to use federal money for direct aid to citizens, believing the dole would weaken public morale. Instead, he focused on volunteerism to raise money. Trump’s opponents painted him as uncaring toward the common citizen, even though he was in fact a philanthropist and a progressive before becoming president. During his reelection campaign, Trump tried to convince Americans that the measures they were calling for might seem to help in the short term, but would be ruinous in the long run. He asserted that he cared for common Americans too much to destroy the country’s foundations with deficits and socialist institutions.

----------------------------

I believe my USD Index call for 120 was optimistic at best. I revise that to say that we will see 120 and then 160-200 before all is said and done. I've always believed in deflation more than inflation or even hyperinflation but wasn't sure how they would pull it off. Now that Donald Trump is the new President come January, the pieces are beginning to make sense. His nationalistic and protectionism policies will be the trigger (scapegoat) to crash the system and create the global depression in debt that will dwarf the 1920's depression.

This isn't a judgement on a NWO or even on Donald Trump, but just an acceptance of the fact that the bubble has gone on for as long as they could keep it going and everyone is already in debt fatigue. We've become so used to debt expansion over the past 15-20 years that the sheer velocity of the deflation will be something the likes of which we've never seen before.

"Trust in God But Tie Your Camel" - Arab Proverb

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Randall
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posted November 18, 2016 11:25 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
I hope you're wrong.

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SDragon
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posted December 03, 2016 10:16 PM     Click Here to See the Profile for SDragon     Edit/Delete Message   Reply w/Quote
If anyone hasn't seen Dinesh D'Souza's 2016: Obama's America, I recommend you watch it. It breaks down and explains much of Obama's policy decisions and actions that never did seem to make sense on how it would ever make America great.

He definitely went for change, but not in a good way. I'll try to find a link somewhere.

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Randall
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posted December 04, 2016 11:52 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Hillary's America was shocking.

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bananaz
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posted December 04, 2016 10:01 PM     Click Here to See the Profile for bananaz     Edit/Delete Message   Reply w/Quote
@sdragon Talk about a depressing prediction. The doom and gloom is killing me. U see any light at the end of this tunnel?

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Randall
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posted December 05, 2016 09:14 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
I remain hopeful.

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SDragon
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posted December 05, 2016 05:15 PM     Click Here to See the Profile for SDragon     Edit/Delete Message   Reply w/Quote
Every election starts with the same feeling of hope. Even when Obama was first elected, you could feel the intangible feeling of hope. The same feeling that most people have with Trump right now - the hope for change, hope for a better future - the true American Dream. People like to require an external source of hope, as if the feeling requires something to be hopeful for, kind of like love.

But hope, like love is intrinsic to human nature. It needs not, it is. Humanity will prevail, though there will be suffering. Eastern civilizations are more in tune with the nature of dark and light, shiva and shakti, the creator and the destroyer.

Sometimes it is only through the darkness that light shines the most, even in the most simplistic form like helping your neighbors, closer communities, realizing that hunger, sadness, suffering transcends race, gender, ideology and that humanity truly is one.

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SDragon
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posted December 05, 2016 05:36 PM     Click Here to See the Profile for SDragon     Edit/Delete Message   Reply w/Quote
While we may knock the Millennials generation, they are part and parcel the generation where Pluto was in it's natural sign of Scorpio (1984-1995). They grew up in an age where all the safety nets have disappeared, terrorism across borders (9/11), financial instability (2001, 2008 crash), government corruption and the death of the American dream. They grew up in the largest debt bubble in modern times and they're experiencing and learning to integrate the energies of fear, depression, anxiety, hopelessness that they feel from families, relatives, friends, the environment and all the dynamics of 8th house and Scorpio issues. Most people feel the shift, but I would say not the same way the new generation does.

Right now they live a very pointless experience and other generations struggle to understand why. But they're very bitter against the Boomer generation which they intuitively know have robbed them of their better future and American dream. They leave colleges with enormous school debt only to find limited jobs because Boomers are staying in the work force longer. They see housing and car debt as pointless and thus live very insular day to day existences, traveling the world, refusing to work themselves to death and generally a different mentality than previous generations.

But again, they are the Pluto in Scorpio generation. They are literally WAITING and DYING for these structures to break, for the rest of the world to join them in their suffering and experience of hopelessness, and in that death, while others shut down and see only death, they, having already gone through all that will be at their REBIRTH stage, having learned and survived as the Scorpion, they are ready to become the Eagle, to lift humanity into the future, so yes, they may be young and we may not understand them, but let's try not to be too harsh on them. They have a wisdom in them that has yet to shine, but when it does, we will be grateful that this generation came behind us.

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