America's #1 Online Cigar Auction
first, best, biggest!

Last post 2 years ago by bgz. 72 replies replies.
2 Pages<12
How to Destroy America in One Easy Step?
RayR Offline
#51 Posted:
Joined: 07-20-2020
Posts: 8,884
Ben, the central bank Matrix is telling your brain that fiat money is juicy and delicious, that it has real value above the paper it's printed on or the digits on a computer screen that were create out of nothing. Yes, Ignorance is bliss.to the proles, their real world fantasy is based on their ignorance. They haven't figured out that the only thing that keeps the Matrix money machine powered up is if enough of them are plugged in and regularly drained.
The matrix money machine is a system Ben, that system is our enemy.
bgz Offline
#52 Posted:
Joined: 07-29-2014
Posts: 13,023
No... it's your enemy. For me it's a toy.
HockeyDad Offline
#53 Posted:
Joined: 09-20-2000
Posts: 46,128
I like US Dollars. I’m trying to mine Silicon Valley for a bunch more before I retire.

Although just a fiat currency, that part about “This note is legal tender for all debts, public and private” means it’s backed by the US military. That’s a little better than the gold standard.
bgz Offline
#54 Posted:
Joined: 07-29-2014
Posts: 13,023
^ this


Big bombs only!
RayR Offline
#55 Posted:
Joined: 07-20-2020
Posts: 8,884
HockeyDad wrote:
I like US Dollars. I’m trying to mine Silicon Valley for a bunch more before I retire.

Although just a fiat currency, that part about “This note is legal tender for all debts, public and private” means it’s backed by the US military. That’s a little better than the gold standard.


The dollar is not backed by the U.S. military, that's B.S. They tell you the dollar is backed by the “full faith and credit” of the U.S. Government. In other words, the only thing backing the dollar is the government's power to spend and tax the chit out of the private economy to pay its debts. Of course, that's just a fantasy now since the government is now like the Titanic driving full steam ahead directly toward an iceberg.

When the dollar was backed by gold (post creation of the Federal Reserve until the Great Gold Robbery of 1933), what was written on paper currency was “This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.”
The only things that were "lawful money" were gold and silver, a worldwide tradition for thousands of years that were most successful and practical and kept money and commercial trade honest fo the most part. A gold dollar was essentially a warehouse receipt redeemable on demand for the goods ("lawful money") it represented.
It's what kept the system in check, if the people found out there was bankster fraud going on, that the goods weren't being held in adequate reserves to honor normal levels of redemption, chit hit the fan and there could be a run on a bank and that bank could fail and go out of business and worse things could happen to the fraudsters.

Now the U.S. Treasury says Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. Redeemable notes into gold ended in 1933 and silver in 1968. The notes have no value for themselves.
Today the dollar only asserts the note is "legal tender". By worthless dicktate.
frankj1 Offline
#56 Posted:
Joined: 02-08-2007
Posts: 44,221
RayR wrote:
The dollar is not backed by the U.S. military, that's B.S. They tell you the dollar is backed by the “full faith and credit” of the U.S. Government. In other words, the only thing backing the dollar is the government's power to spend and tax the chit out of the private economy to pay its debts. Of course, that's just a fantasy now since the government is now like the Titanic driving full steam ahead directly toward an iceberg.

When the dollar was backed by gold (post creation of the Federal Reserve until the Great Gold Robbery of 1933), what was written on paper currency was “This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.”
The only things that were "lawful money" were gold and silver, a worldwide tradition for thousands of years that were most successful and practical and kept money and commercial trade honest fo the most part. A gold dollar was essentially a warehouse receipt redeemable on demand for the goods ("lawful money") it represented.
It's what kept the system in check, if the people found out there was bankster fraud going on, that the goods weren't being held in adequate reserves to honor normal levels of redemption, chit hit the fan and there could be a run on a bank and that bank could fail and go out of business and worse things could happen to the fraudsters.

Now the U.S. Treasury says Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. Redeemable notes into gold ended in 1933 and silver in 1968. The notes have no value for themselves.
Today the dollar only asserts the note is "legal tender". By worthless dicktate.

except for the thousand or so years that China changed from metals...?

I'm not up to par on global economics compared to a few of you so I'm mostly reading and stirring, but though possible, it's highly unlikely ours collapses. Even the rest of the world (98.2% anyway) looks to our dollars as the gold standard...so to speak.

Ironically, one yuuuuge threat would be if far right extremists were to succeed in their efforts to undermine our system(s) of democracy, thus weakening our highly esteemed ranking and likely causing chaos in other countries as well.
I may be wrong, but isn't that part of what you hope will happen?
bgz Offline
#57 Posted:
Joined: 07-29-2014
Posts: 13,023
Well... what are you waiting for?

If gold is so f*cking valuable, why don't you go buy some and quit crying about how you don't have any.

Buy some silver while you're at it... some platinum.

Or go get you a lead bed frame and a pillow filled with mercury so you can rest easy on your commodities.

Start calling you the f*ckin tin man.
HockeyDad Offline
#58 Posted:
Joined: 09-20-2000
Posts: 46,128
frankj1 wrote:


Ironically, one yuuuuge threat would be if far right extremists were to succeed in their efforts to undermine our system(s) of democracy, thus weakening our highly esteemed ranking and likely causing chaos in other countries as well.
I may be wrong, but isn't that part of what you hope will happen?


You’re worried about far right extremists meanwhile there are avowed socialists in every level of government right now who want to undermine our system of democracy? You might want to get ahead of the game and swap your dollars for Chinese Yuan.
HockeyDad Offline
#59 Posted:
Joined: 09-20-2000
Posts: 46,128
RayR wrote:

Today the dollar only asserts the note is "legal tender". By worthless dicktate.


What exactly enforces a worthless dictate? You can always transfer your money to some other currency that is on the gold standard! I’ll stick with US Monopoly money backed by the US military. Don’t think so…try to destabilize the dollar.


frankj1 Offline
#60 Posted:
Joined: 02-08-2007
Posts: 44,221
HockeyDad wrote:
You’re worried about far right extremists meanwhile there are avowed socialists in every level of government right now who want to undermine our system of democracy? You might want to get ahead of the game and swap your dollars for Chinese Yuan.

McCarthyism had it's moment in the 50's.
Try to keep up!
frankj1 Offline
#61 Posted:
Joined: 02-08-2007
Posts: 44,221
HockeyDad wrote:
What exactly enforces a worthless dictate? You can always transfer your money to some other currency that is on the gold standard! I’ll stick with US Monopoly money backed by the US military. Don’t think so…try to destabilize the dollar.



slim pickin's from which to choose the Gold Standard available...or did I step on your punch line?
HockeyDad Offline
#62 Posted:
Joined: 09-20-2000
Posts: 46,128
If you’re thinking McCarthyism then you’re not paying attention.
DrafterX Offline
#63 Posted:
Joined: 10-18-2005
Posts: 98,548
Jenny and me was like peas and carrots... Mellow
frankj1 Offline
#64 Posted:
Joined: 02-08-2007
Posts: 44,221
right again.
I mean Trumpism
HockeyDad Offline
#65 Posted:
Joined: 09-20-2000
Posts: 46,128
frankj1 wrote:
right again.
I mean Trumpism


Trumpism is totally different than McCarthyism but they are just the shiny dangling keys you’re supposed to look at.
frankj1 Offline
#66 Posted:
Joined: 02-08-2007
Posts: 44,221
HockeyDad wrote:
Trumpism is totally different than McCarthyism but they are just the shiny dangling keys you’re supposed to look at.

consider this. would China want our economy to collapse and lose their best customer?
Nope.
But Fascists have nothing to lose if we fade away.
HockeyDad Offline
#67 Posted:
Joined: 09-20-2000
Posts: 46,128
China doesn’t want our economy to collapse, they want just want to dominate it. China intends to dominate all economies. China is fine playing the long game to slowly conquer the US from within. That will totally wreck my US currency strength argument. That’s why you gotta convert to Yuan beforehand. Or I guess gold!




HockeyDad Offline
#68 Posted:
Joined: 09-20-2000
Posts: 46,128
Fascism is a whole different animal. If you going by an ultra-right political movement definition, we are nowhere close and that is a convenient political distraction.

If you go with the definition of fascism being the marriage of corporation and state we showed the rise of that with Biden’s election but it came from the left.
bgz Offline
#69 Posted:
Joined: 07-29-2014
Posts: 13,023
HockeyDad wrote:
China doesn’t want our economy to collapse, they want just want to dominate it. China intends to dominate all economies. China is fine playing the long game to slowly conquer the US from within. That will totally wreck my US currency strength argument. That’s why you gotta convert to Yuan beforehand. Or I guess gold!



I think China is hoarding all the gold.
RayR Offline
#70 Posted:
Joined: 07-20-2020
Posts: 8,884
China has been playing the long game since I can remember after Mao.
They are the worlds largest consumer and importer of gold. Anyone can purchase gold in China and they even encourage banks to buy and hold gold. They've been stockpiling vast amounts of gold and silver every year. They know the age old maxim, "He who owns the gold, makes the rules" hold true. It's all in their plan of de-dollarization, the same thing Putin has been doing.
As inflation happy Biden destroys the dollar at a more rapid pace, this will be more critical to their diversification plan.
HockeyDad Offline
#71 Posted:
Joined: 09-20-2000
Posts: 46,128
bgz wrote:
I think China is hoarding all the gold.


Well they’re not holding cryptocurrency anymore!
bgz Offline
#72 Posted:
Joined: 07-29-2014
Posts: 13,023
True!!! Now we just crypto to finish sh*tting.
Users browsing this topic
Guest
2 Pages<12