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Offlinesusurrador
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Registered: 03/31/19
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The Fed may be sitting down to its last supper soon. * 1
    #26570111 - 03/31/20 10:10 PM (3 years, 9 months ago)



The first not quite news that has given me legit hope since pretty much ever.

Please watch the whole video and come back for discourse.

Even if it is not true at this time, this guy is on the right path.

:rocketcrotch: :fuckyeah: :rocketcrotch:


--------------------
"If it doesn't work, you can always hit him with it."



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Offlinesusurrador
Psychedelic Cowboy


Registered: 03/31/19
Posts: 1,432
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Re: The Fed may be sitting down to its last supper soon. [Re: susurrador] * 1
    #26571151 - 04/01/20 12:48 PM (3 years, 9 months ago)

-Run up the national debt/QE infinity
-Devalue the FED dollar
-Utilize Federal Gov right of issuing its own currency.
-Print Debt-Free New Dollar (since dollars are already not backed by anything, no real need to be borrowing money to create new money and paying interest.)
-Pay off Fed Dollar National Debt with new currency.
-Limit or block FEDs future ability to control the money supply by merging responsibilities with the Treasury and only issuing "greenbacks" (or equivalent)

I dunno... Seems like a perfect storm with current events. I don't think this was planned. But I could see how if the right ideas were put in the right people's heads, the crashing of the economy right now is the perfect time to implement such a plan.

Trump boasted back in 2016 that he could pay off the national debt by the end of his next term. Was he just being a politician or does he have a plan?

I don't think he's as dumb as people think. You don't work your way through all the filters en route to the Presidency as a dumbass.

https://www.politifact.com/article/2017/may/02/whats-up-with-donald-trump-andrew-jackson/

"Andrew Jackson took several measures to rid the government from corruption of previous administrations. Presidential investigations were conducted in all executive Cabinet offices and departments. Jackson asked Congress to reform embezzlement laws; reduce fraudulent applications for federal pensions; and pass laws to prevent evasion of custom duties and improve government accounting. His first Postmaster General had to resign when it was found that he engaged in corrupt practices. Jackson replaced him with Amos Kendall, who went on to implement much needed reforms in the Postal Service.

(QUOTE FROM: https://learnodo-newtonic.com/andrew-jackson-accomplishments)

And people wonder why Trump has fired so many people and is running a skelton crew.


--------------------
"If it doesn't work, you can always hit him with it."



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OnlineKryptos
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Re: The Fed may be sitting down to its last supper soon. [Re: susurrador] * 2
    #26571434 - 04/01/20 03:04 PM (3 years, 9 months ago)

Andrew Jackson also presided over one of the most corrupt administrations in his time and caused one of the worst economic depressions until the great depression. Along with ethnic cleansing.

So, yeah. Pretty good comparison to diaper don.


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Offlinesusurrador
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Re: The Fed may be sitting down to its last supper soon. [Re: Kryptos]
    #26571510 - 04/01/20 03:51 PM (3 years, 9 months ago)

Probably why he only got the 20.


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Offlineqman
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Re: The Fed may be sitting down to its last supper soon. [Re: susurrador] * 1
    #26571739 - 04/01/20 06:16 PM (3 years, 9 months ago)

No, The Elite don't want a weak dollar, never mind a dollar devaluation. 

Trump has stated for 3-4 years he wanted a weaker dollar, yet the US dollar continues to trade higher. It's not what they say, it's what they actually do.

The Elite want a deflationary economic environment and strong currency. The whole goal is currency and debt preservation, not economic growth and inflation.

The Fed is printing money to practice socialism for The Elite, it's not to help anything on Main Street. It's socialism for Wall Street and debt slavery for Main Street. It's the perfect plan and I don't see how there's anything that's going to stop it.


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OfflineFalcon91Wolvrn03
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Re: The Fed may be sitting down to its last supper soon. [Re: susurrador]
    #26571996 - 04/01/20 08:30 PM (3 years, 9 months ago)

Quote:

susurrador said:


The first not quite news that has given me legit hope since pretty much ever.

Please watch the whole video and come back for discourse.

Even if it is not true at this time, this guy is on the right path.

:rocketcrotch: :fuckyeah: :rocketcrotch:



This guy clearly doesn't understand quantitative easing whatsoever.  Or the Federal Reserve for that matter.

He thinks the Fed creates all the booms and busts we see.  It's actually just the opposite.  The Fed steps in to help prevent these.

He pointed out the Fed admitted a mistake they made early in the First Great Depression, but instead of saying how they learned from that mistake, he claims the Fed admitting to such a mistake proves they're evil.

He says the US simply should print all the money it needs without going into debt.  That's known to be highly idiotic because of inflation.  He clearly doesn't understand a thing about banking, the Fed, or economics.  The Fed is absolutely necessary to give us money in times of need without creating an inflation problem.

Yes, the US is in WAY too much debt right now, but that's not because of the Fed, it's because we haven't collected enough taxes from the rich since Reagan.

He doesn't seem to understand that the profits from the Fed goes back into the Treasury minus a nominal fee.

This guy is just plain stupid (and wrong).  :shrug:


PS - Twice in the middle of the video the guy advertises Patriot Gold, and says "we will show you..." implying that's his company and he's hoping to make a buck off his viewers selling gold.  Then he asks for donations to Patriot at the end.  Don't do it!


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OnlineKryptos
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Re: The Fed may be sitting down to its last supper soon. [Re: Falcon91Wolvrn03] * 1
    #26572000 - 04/01/20 08:33 PM (3 years, 9 months ago)

If you ever see an advertisement for gold, that's probably a good time to sell your gold.


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OfflineFalcon91Wolvrn03
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Re: The Fed may be sitting down to its last supper soon. [Re: qman]
    #26572003 - 04/01/20 08:34 PM (3 years, 9 months ago)

Quote:

qman said:
The Fed is printing money to practice socialism for The Elite, it's not to help anything on Main Street.



How the Government spends its money isn't the Fed's call.  But you are correct in that it is currently mostly going to Wall St.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: The Fed may be sitting down to its last supper soon. [Re: Kryptos] * 1
    #26572004 - 04/01/20 08:36 PM (3 years, 9 months ago)

Quote:

Kryptos said:
If you ever see an advertisement for gold, that's probably a good time to sell your gold.



Right.  If these guys thought gold would go up in value, why are they trying to sell it?  :shrug:

The price is nice and high right now.  It will plummet after coronavirus.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Offlinekoods
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Re: The Fed may be sitting down to its last supper soon. [Re: Falcon91Wolvrn03]
    #26572045 - 04/01/20 08:58 PM (3 years, 9 months ago)

The US dollar is one of the most stable currencies in the history of the world. This thread is dumb.

OP should live his life using bitcoin. See how that works out.


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”


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OnlineKryptos
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Re: The Fed may be sitting down to its last supper soon. [Re: koods]
    #26572047 - 04/01/20 08:59 PM (3 years, 9 months ago)

Quote:

koods said:
OP should live his life using bitcoin. See how that works out.




Been working out pretty damn great for me, I'm up 50% in the last 2 weeks.

Of course I day trade at work, so my actual returns are much higher. Man, those 5% swings every four hours 2-3 weeks ago were glorious.


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Offlinekoods
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Re: The Fed may be sitting down to its last supper soon. [Re: Kryptos]
    #26572057 - 04/01/20 09:04 PM (3 years, 9 months ago)

It’s not a currency.


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NotSheekle said
“if I believed she was 16 I would become unattracted to her”


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OnlineKryptos
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Re: The Fed may be sitting down to its last supper soon. [Re: koods]
    #26572074 - 04/01/20 09:11 PM (3 years, 9 months ago)

So what?

It's better than currency. It's an investment vehicle with the best returns I've ever seen in my life. I've been dumping all my currency into the market everywhere. Just put a few thousand into CCL, too.


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Offlinekoods
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Re: The Fed may be sitting down to its last supper soon. [Re: Kryptos]
    #26572113 - 04/01/20 09:29 PM (3 years, 9 months ago)

Bitcoin lost 30% of its value in the past month :laugh2:

Hardly a great investment.


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


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OnlineKryptos
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Re: The Fed may be sitting down to its last supper soon. [Re: koods]
    #26572124 - 04/01/20 09:33 PM (3 years, 9 months ago)

Yeah, I didn't own bitcoin before the big drop. I got the coinbase alert and figured I'd at least get the dead cat...Definitely got more than that.


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Offlinesusurrador
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Re: The Fed may be sitting down to its last supper soon. [Re: Kryptos]
    #26572172 - 04/01/20 09:51 PM (3 years, 9 months ago)



Now watch this.


--------------------
"If it doesn't work, you can always hit him with it."



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Offlinesusurrador
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Registered: 03/31/19
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Re: The Fed may be sitting down to its last supper soon. [Re: koods]
    #26572193 - 04/01/20 10:08 PM (3 years, 9 months ago)

Quote:

koods said:
The US dollar is one of the most stable currencies in the history of the world. This thread is dumb.

OP should live his life using bitcoin. See how that works out.




Bitcoin isn't legal tender.

But I've used a good deal of bitcoin for specific purchases and it worked out great.

Look at bitcoin since inception and compare to any other investment in the world for the same time period.

Derp a derp.


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"If it doesn't work, you can always hit him with it."



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OfflineFalcon91Wolvrn03
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Re: The Fed may be sitting down to its last supper soon. [Re: susurrador] * 1
    #26572216 - 04/01/20 10:21 PM (3 years, 9 months ago)

Quote:

susurrador said:
Now watch this.



I already wasted 20 min on the first video by someone who was absolutely clueless, and won't waste another 2 hours.

But I'll discuss any points from the video you think are good.

I watched the first 5 minutes and it said there is too much debt.  Though I agree with that, I already addressed that in my first reply above.  We fix that problem by restoring higher tax rates on billionaires that Reagan removed.  We can see the debt problem was being taken care just fine of until Reagan:



Easy peasy.

Issuing money without debt either creates hyperinflation, or leads to severe money shortages in times of need.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Offlinesusurrador
Psychedelic Cowboy


Registered: 03/31/19
Posts: 1,432
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Re: The Fed may be sitting down to its last supper soon. [Re: Falcon91Wolvrn03]
    #26572229 - 04/01/20 10:30 PM (3 years, 9 months ago)

The problem is the debt does not need to be created in the first place.

Why are we paying interest to create money?

When the creator is conjuring the money from nothing.


--------------------
"If it doesn't work, you can always hit him with it."



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OfflineFalcon91Wolvrn03
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Re: The Fed may be sitting down to its last supper soon. [Re: susurrador]
    #26572241 - 04/01/20 10:39 PM (3 years, 9 months ago)

Again, because if we just create money as we need it, without debt as your videos propose, we get hyperinflation.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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