America can't go back on the gold standard. The government is printing money like a motherfucker right now, two trillion this week alone. You can't print gold!
America must have a balanced budget and end quantitative easing in order to go back on the gold standard. That can't happen because Americans are legally "entitled" to receive more from the government than they pay in taxes.
The democrat reserve Fiat currency scam has only ever worked because the govt can:
COLLECT TAXES AT INCREASING RATES.
USE INFLATION TO CANCEL OUT INCREASED LOAN RATES
What you guys think is the system failing is actually integral part of the grift. Without inflation the u.s. debt is unpayable and for the debt to be payable expect inflation to work itself to 300 to 500% what it currently is for the next decade. We will get $15 an hour but by then going to a restaurant will be $80-150 per head.
"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." ~John Maynard Keynes, 1919
as silly as it sounds, perhaps it is whats neededa reset on greed can happen over generations with a barter system community building would of course follow suit provided everything somehow doesnt fall apart due to banditry.
Yep, all you have to look at is what general stores sold 150 years ago because the next biggie will most likely put society back to that era's tech level for the most part.. Having a few cases of walki talkis solar panels and charge controllers etc. in EMP proof containers would make you popular..
"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." ~John Maynard Keynes, 1919
“Centralized Digital Banking is our only solution, folks!” - Team Potato. And even after destroying the banking system and our standard of living, ole Joe breaks a new reelection record with 100 million votes! Incredible! 🤩
The only reason I'm bearish on CBDCs, is that software development by a bureaucratic organization like a central bank, is incredibly unlikely to be able to compete at the pace technology is advancing by startups, open source and decentralized networks. But if they do come, it's pretty much game over.
You do realize businesses use banks, and many need to have substantially more than a quarter million in the bank for operations such as payroll and purchasing and collecting income?
No it will be a bailout for the boomers that have large 401ks at the expense of gen x and millennials but it's all our fault for not working hard enough so we get what we deserve.
USD will eventually collapse. Back in 1792 no one knew how far advanced we'd become. Now we will have the blockchain, fedcoin, being while being spied on 24/7 so you are basically controlled.
When inflation gets out of hand, people will be able to apply for Government help and they get fedcoin. Businesses will start taking fedcoin. People can work less while buying things they need with fedcoin. Just hope you like eating bugs and living in a building with a room the size of a jail cell.
Well if anyone hasn't realized, the FedCoin is absolutely the red line.
It didnt happen with a stolen presidential election. It didn't happen with covid scam and vax.
The FedCoin is the ultimate goal of this whole charade of scams and lies. It is their golden ticket to complete control over the population. Fuck that. But I know many will fall for it because I learned that avg humans are not only stupid, they are fucking retarded.
They will do this by making a dollar have the buying power of what a penny has now.. Prepare to get screwed by the government and the ultra rich if you dont have hard currency and other tangible assets like property and dry goods....
FDIC is insurance. Meaning you pay in, based on risk. By forcing infinite risk, they'll absolutely bankrupt FDIC, bailing out the billionaires so when your bank finally tanks, whoops no more money.
Why put a guarantee on a bank? Hmmm, very interesting. Government puts a fancy guarantee on a bank because they want you to feel all warm and toasty inside. Like if you put that guarantee under your pillow, the guarantee fairy might come by and bring you a quarter, am I right?
How do you know the fairy isn't a crazy glue sniffer?
Building model airplanes says the little fairy, well we're not buying it. He sneaks into your house once, that's all it takes. Next thing you know, there's money missing off the dresser and your daughter's knocked up. I've seen it a hundred times.
They know all they've sold you is a guaranteed piece of shit. Hey, If you want me to take a dump in a box and mark it guaranteed I will.
Not surprised this came to light. I work with a couple small CDFI lenders. Last week they got a letter and questionnaire from the Small Business Administration (fed agency) asking if they had any accounts with any bank with balances over 250k and, if so, what their plan was to mitigate their risk of the uninsured portion.
Now you tell me everything is okay when shit like that is going on in the background...
As long as they have inflation, they have no need for taxes. Inflation takes far more than taxes and the only one who makes out are the ones making the money printer go brr brr brr
Bitcoin CEO Satoshi Nakamoto vows to reimburse all those that lost their private keys due to their own stupidity by changing the previously thought immutable ledger so that more Bitcoin can be printed at will.
They've proven they can and will steal the money. You should have been out of this arrangement as much as poss. long ago. If someone can steal your money, its only a matter of time before they do.
Don't get excited, all your money is going to taxes. This is only for the wealthy Biden donors.
You mean it'll go to inflation
Yeah, I got a solution for them.
DROP THE FRACTIONAL RESERVE BANKING. DROP THE FIAT CURRENCY.
BACK THE CURRENCY WITH GOLD. Problem solved, no such thing as insolvency, no such thing as illiquidity, solves inflation too!
But there is a whole class of people who grift off the federal reserve to fund their world domination aspirations.
What are they supposed to do if we limit their system of usury ?
Nation thieves gotta eat too !
It's the last run. The dollar is finished. It's being sacrificed during the transition to the NWO. It's all or nothing.
Our enemies are all doing that right now.
America can't go back on the gold standard. The government is printing money like a motherfucker right now, two trillion this week alone. You can't print gold!
America must have a balanced budget and end quantitative easing in order to go back on the gold standard. That can't happen because Americans are legally "entitled" to receive more from the government than they pay in taxes.
Enforcing the dollar on the world as the currency everyone must use is how they get all their free value from printing.
There's no going back, not without collapse.
The democrat reserve Fiat currency scam has only ever worked because the govt can:
COLLECT TAXES AT INCREASING RATES.
USE INFLATION TO CANCEL OUT INCREASED LOAN RATES
What you guys think is the system failing is actually integral part of the grift. Without inflation the u.s. debt is unpayable and for the debt to be payable expect inflation to work itself to 300 to 500% what it currently is for the next decade. We will get $15 an hour but by then going to a restaurant will be $80-150 per head.
Our government's enemies, not our enemies. GloboHomo's enemies.
They already dropped fractional reserve banking during COVID. Banks are no longer required to hold ANY reserve now.
The private, for-profit, company known as the federal reserve cannot solve the problem because they are the problem
Best I can do is one world digital currency backed by nothing
One world gift cards
Double whammy
Less money for more expensive bills yay. My children are thankful.
"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." ~John Maynard Keynes, 1919
$18 trillion in deposits covered by a $120 billion FDIC fund. This all ends badly. Very badly.
You mean it'll go to pensions in Ukraine
We just get the resulting inflation.
This is one way to have people lose complete faith in the banking system. At this rate, we are headed towards good old fashion bartering
as silly as it sounds, perhaps it is whats neededa reset on greed can happen over generations with a barter system community building would of course follow suit provided everything somehow doesnt fall apart due to banditry.
Banditry is a fancy term for joggerism?
it could be viewed as such.
and teh ukraine
..thereby ensuring it will.
Bank-O-Lotto is offering a 78% 6 month CD! Fully insured!
is this 9% APY thing a Ponzi scheme?
https://joinsave.com/marketsavings
Hmm
Start a bank.
Offer 25% return
Use the money people invest on other things
File bankruptcy
Have FDIC reimburse everyone.
Everyone is a winner!
How do I subscribe to your newsletter?
I don't have one 🤷🏻♂️
And people wonder why bill gates bought all the farm land
You can to maybe in a smaller way though..
Ammo and other trade-ables for barter.
Yep, all you have to look at is what general stores sold 150 years ago because the next biggie will most likely put society back to that era's tech level for the most part.. Having a few cases of walki talkis solar panels and charge controllers etc. in EMP proof containers would make you popular..
Popular in the good way or popular in the shoot-invaders way?
"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." ~John Maynard Keynes, 1919
Yep they will make the dollar worth a penny
In other words "we are studying how to sell the sheep on printing trillions of more dollars".
“Centralized Digital Banking is our only solution, folks!” - Team Potato. And even after destroying the banking system and our standard of living, ole Joe breaks a new reelection record with 100 million votes! Incredible! 🤩
Not possible when the treasury is already 20 trillion in debt!
Printing more money just devalues EVERYONEs savings in order to save people who lose with the banks.
Pull your money out.
and when that money becomes worthless due to hyperinflation? use it as compost!
you have to pull money out and buy something that will hold value
Or something that will only go up in value, like ammo
don't put money in free bitches. they value goes down
mmmmmm now you're talking!
20 trillion? You're missing about 12 trillion there.
We don't have a banking system we have a debt system.
Islam is right about women, faggots and usury.
Central Bank Digital Currency
The only reason I'm bearish on CBDCs, is that software development by a bureaucratic organization like a central bank, is incredibly unlikely to be able to compete at the pace technology is advancing by startups, open source and decentralized networks. But if they do come, it's pretty much game over.
lets 'study' the solution we've already come up with for the problem we've created
CBDC
Sounds like they really want to push the smaller banks out By only backing the greedy decisions of the big banks
Yup, its called a bank bail in, read up on it, its coming very very quickly.
Biden donors can sleep soundly at night
LoL if it grows 🤣
LOL printer go brrrrrrrrrrrrrr
Already FDIC insured under 250k. By all deposits do they mean bailout the rich with tax money collected from the poor?
https://www.dailymotion.com/video/x2nrqgb
He steals from the poor and gives to the rich, stupid bitch!
You do realize businesses use banks, and many need to have substantially more than a quarter million in the bank for operations such as payroll and purchasing and collecting income?
Businesses have assets they can sell while their corporate attourneys sue the bank. Not the taxpayer's problem.
I think the stupid bitches will be those that pay those taxes. The one that does the stealing is quite the opposite of a bitch, or stupid.
No it will be a bailout for the boomers that have large 401ks at the expense of gen x and millennials but it's all our fault for not working hard enough so we get what we deserve.
The banks are safe and effective.
USD will eventually collapse. Back in 1792 no one knew how far advanced we'd become. Now we will have the blockchain, fedcoin, being while being spied on 24/7 so you are basically controlled.
When inflation gets out of hand, people will be able to apply for Government help and they get fedcoin. Businesses will start taking fedcoin. People can work less while buying things they need with fedcoin. Just hope you like eating bugs and living in a building with a room the size of a jail cell.
Well if anyone hasn't realized, the FedCoin is absolutely the red line.
It didnt happen with a stolen presidential election. It didn't happen with covid scam and vax.
The FedCoin is the ultimate goal of this whole charade of scams and lies. It is their golden ticket to complete control over the population. Fuck that. But I know many will fall for it because I learned that avg humans are not only stupid, they are fucking retarded.
Bidenomics
They will do this by making a dollar have the buying power of what a penny has now.. Prepare to get screwed by the government and the ultra rich if you dont have hard currency and other tangible assets like property and dry goods....
They'll just mint a few trillion dollar coins and the problem will be solved.
"Venezuela, is that you?!!"
"Ways to guarantee all bank deposits" = Central Bank Digital Currency. Absolute control over every aspect of every person's life.
You mean like a gold standard? Lol Fucking dicks
FDIC is insurance. Meaning you pay in, based on risk. By forcing infinite risk, they'll absolutely bankrupt FDIC, bailing out the billionaires so when your bank finally tanks, whoops no more money.
Enjoy your pod, and look at these yummy bugs… 🐛🦗🤮
We should have guaranteed none of it.
None of the capital in this country is managed correctly because there's no consequence to shoveling money at these corrupt banking fuckers.
It's creating the crisis, and refusing to solve the problem is retarded.
Why put a guarantee on a bank? Hmmm, very interesting. Government puts a fancy guarantee on a bank because they want you to feel all warm and toasty inside. Like if you put that guarantee under your pillow, the guarantee fairy might come by and bring you a quarter, am I right?
How do you know the fairy isn't a crazy glue sniffer?
Building model airplanes says the little fairy, well we're not buying it. He sneaks into your house once, that's all it takes. Next thing you know, there's money missing off the dresser and your daughter's knocked up. I've seen it a hundred times.
They know all they've sold you is a guaranteed piece of shit. Hey, If you want me to take a dump in a box and mark it guaranteed I will.
Not surprised this came to light. I work with a couple small CDFI lenders. Last week they got a letter and questionnaire from the Small Business Administration (fed agency) asking if they had any accounts with any bank with balances over 250k and, if so, what their plan was to mitigate their risk of the uninsured portion.
Now you tell me everything is okay when shit like that is going on in the background...
Yup, well I was questioning how bad this really was.
Your information has told me that we are FUCKED.
Why do I get a feeling these "ways" will involve fucking me over?
As long as they have inflation, they have no need for taxes. Inflation takes far more than taxes and the only one who makes out are the ones making the money printer go brr brr brr
"This is not a bailout"
-Yellen
Lmao at all the too much to losers who are soon to be nothing to losers.
Yeah it's called not having a national debt.
"IF" the crisis grows. Hah, that's a laugh. "IF"?!
Yeah right. This ship is sinking faster than the titanic now.
Bitcoin CEO Satoshi Nakamoto vows to reimburse all those that lost their private keys due to their own stupidity by changing the previously thought immutable ledger so that more Bitcoin can be printed at will.
Holy moral hazard Batman
They've proven they can and will steal the money. You should have been out of this arrangement as much as poss. long ago. If someone can steal your money, its only a matter of time before they do.