People don't often realize the Civil War was a fight between big city industrialists, and the southern gentleman farmers. It was a fight for thedirection our country would take going forward. Slavery was on its way out regardless. Maybe this is our chance to take the power back from big cities.
(media.patriots.win)
🚁 FREE CHOPPER RIDES 🚁
The government needs to enact District Voting for every state to spread out some of the power cities have over the electoral vote. Plus, I am sure lots of the MAGA in California and NY would love a chance to give someone other than Shitocrats their votes.
Every county within in a states get one vote toward the electors their state would choose for president. Popular vote within that particular county determines the one vote of the county. Problem solved, effectively gives the rural counties the same electoral power as the urban.
This guy gets it
Yuuuuup
Explain please Lincoln was for green backs about all I know connected to banks.
Can you do a quick summary? I've yet to read a banking conspiracy theory that makes much sense from an actual money perspective. Whether the currency is backed by gold or not doesn't mean much unless you can explain how that actually impacts banks.
Because bankers can't just gather in the back rooms of the country club and just "decide to agree" that there are now many more tons of gold in their vault against which they could take or make loans to each other in order to skim the interest or gamble with.
Paper - or even worse, digital "money"? That isn't money. It's a temporary agreement of effective value that results in a currency that is then denominated based upon other temporary agreements. Those agreements used to at least be somewhat loosely tied to gold (or oil, or salt, or some other physical object that represented a store of the value of labor expended to create it).
Now it's just wispy bursts of electrons that the banks can create at will in any quantity with zero effort, yet still force you to trade your labor in exchange for tiny amounts of this "money" that is effectively and completely valueless. They are buying your life from you for nothing but slightly more comfortable slavery.
tl,dr: thieving fuckers need to hang. Again.
Add to this that the people in charge of making these decisions are not elected officials or government (wouldn't make it much better if they were IMO) but the very same institutions profiting off of the loans. It's the fox guarding the hen house. But in this example the fox is raping all of us and our country and has been for years.
Again, this doesn't make much sense.
Banks are constrained in modern lending by liquidity and capital. These constraints existed in gold-backed currency times as well.
If everyone tomorrow went and demanded gold that's a problem for a gold-backed bank, the same as if you demanded cash for modern banking or even if you demanded to remove your digital currency from the bank's account into your own account.
Even when banking was gold-backed banking, the bankers would still play with "imaginary numbers". For example: if a business borrowed 100 bars of gold from the bank but that business has a current account with the bank, the bank would just do an accounting record of 100 gold bars into the business's account without any gold bars changing hands. This same transaction happens today. If the bank lend money to a business who had a current account at another bank, still no gold bars may change hands because the banks will eliminate their cancelling debits/credits and choose to trust the bank to make up the difference by lending between each other at the overnight rate. This still happens exactly the same in gold-backed lending.
You're right, that gold is limited so they can't make more of it but because of that, the more banks "make up" more of it by lending, the more demand is placed on gold itself which raises the value of gold, thus banks don't even need to increase the total quantity of gold because are their demand for gold increases by "printing money", now the 1 bar of gold they had is worth 2 bars of gold so they still only need to have 1 bar of gold on hand.
Gold is effectively and completely valueless outside of the demand banks place on it with gold-backed currency. The only reason it retains value today is the idea that if the banking system collapses or in transactions where one doesn't want to use the banking system, gold still has value as a currency. If it weren't for that the only value gold would truly have is in its industrial use which is minimal and its value would be trivial.
Gold-backed or not, the banking system stays mostly the same in the regard that you mentioned. Under gold-backed they still could create money at will with 0 effort. What has been a major factor in that is the technology more so than the currency.
Without banking, you'd have a lower standard of living and quality of life not greater. Banking allows people to reallocate future earnings toward the present in a lump-sum, thus allowing people to purchase things they otherwise wouldn't have been able to. This increases productivity for people. For example, pretend you had the skills of a dentist, well without banking and the concept of it, you'd be forced to work as a waiter for 10 years until you saved enough money to buy a dental clinic after which you income increases 5x. With banking you can purchase the dental clinic right away and increase your income 5x-3x (interest + principal) = 2x immediately. You pay off the loan in 10 years and you've increased your overall net worth significantly. Society as a whole benefits as well since your work is allocated toward its most productive area.
I can tell you're quite new at this and have several crucial misconceptions about how things actually work. Please look up the Mises Institute and start reading. By the time the war's over, you'll know exactly what's really going on with these banks you believe are so helpful.
See, that's what I dislike about the banking conspiracy theories. It's always "you don't get it" or read something else.
No one can explain it well-enough. Point me to something specific that counters what I said.
I'm not new to this. I work in banking, in risk and treasury and know how it works for the most part. It seems to me more or less that the conspiracy theory guys on banking are the ones who don't truly know how it works.
The only issues I'm aware of with banking that exist are the following:
International Capital Allocation: In essence banks match savers to borrowers and this in theory creates values but given how international banks are now, a saver in Country A might be matched with a borrower in Country B. That means, the benefits of banking aren't actually felt in the country or state or city in which it should be. In fact, it's actually taking value out of the communities and reallocating them into other communities. At a national level that might be fine but at a global level, that's a big issue. It might not even be fine at a national level either.
Government debt. Most government debt is a waste of money, period. Banks have incentive to encourage government debt and are the only people who truly benefit from government debt except maybe the corrupt politicians and whomever they distribute the funds toward. This happens far too much.
Too big to fail. Banks that get bailed out by governments crowd out new entrants with superior processes from gaining market share. It also creates a skewed incentive structure where banks can take on more risk than they should at higher than justified prices to consumers given the risk because of the fail safe. It also gives people a false sense of security regarding banks such that people begin to trust banks too much and this gives unfounded value to banks at the expense of consumers. Only banks truly benefit from bailouts in the long-run not society.
Bank regulation. Too much bank regulation prevents new entrants from entering the market to compete with banks which reduces value for society and is a bonus to existing banks.
But Banks start wars and got rid of gold-backed currency to rule the world... I'm not seeing it.
Youre right being brain lazy. Ive already found some interesting stuff have more reading and processing to do.
They should be their own "state" so they do not taint the rural areas. Give the millions of people a fair amount of EVs and the rural areas control of their destinies.
Ive been saying this about the covid for months. Because of robotics and AI, the World has a huge surplus of workers. What better way to remove a few billion then a virus and then a vaccine that sterilizes women? In only a few decades the population will plummet.
Trump isn't anti Vax and probably didn't know or care too much about the vaccine, expect that upon completion there would be virtually no argument against opening the states back up and fixing our economy. To trump, the vaccine is just a way to get the fauci's of the world of his shoulder and let him finally do what he does best, which is building up the economy. The vaccine is just a means to and end for trump.
Trump only knows what he is being told. He doesnt have hours to dig on the internet.
Population is projected to drop Virus or no. Birth rates are plummeting and have been for decades. Including in the developing world though at a far slower rate then the Western World. Most of the Western World is already below replacement rates. And what nations aren’t are having birth rates inflated by immigrants both legal and otherwise having kids. Not to mention Demographic pyramids are inverting. Lots of Old People. Increasingly fewer young people.
Several efforts have started to combat this. Mainly by nations in Eastern Europe. They aren’t projected to be very successful. Given a failure by Russia who started similar programs in the 2010s.
World population is expected to hit it’s peak around 2064 then drop from there. Several countries are expecting their population numbers to be halved by 2100.
Only difference the Virus and Vaccine makes is moving the projection of when the peak and drop occurs up.
This is of course provided no further major changes occur. The future isn’t written in stone.
True. Lots of old people. What does this virus target? Old people. Birth rates are dropping in western countries except for muslim immigrants there. Soros has pushed for the replacement of the Europeans with Africans and mulims. Both groups are used to being ruled by tyrants and seldom fight for freedoms
Umm, maybe you can't read but that's exactly what I just said. Civil War 2.0 this time it's done right. And you wanna call someone a pussy? Doing it on the internet, in the comment section? I think that describes you.