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End the Fed, default on our debt
LoP Guest
lop guest
User ID: 412909
09-14-2017 03:25 AM

 



Post: #16
RE: End the Fed, default on our debt
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They will wait till about 50 Trillion before anything happens so relax....
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LoP Guest
lop guest
User ID: 397555
09-14-2017 03:57 AM

 



Post: #17
RE: End the Fed, default on our debt
LoP Guest  Wrote: (09-13-2017 08:52 PM)
LoP Guest  Wrote: (09-13-2017 07:52 PM)
4 pronged solution.

1) Congress passes monetary reform act, declares 1 Treasury Note = 1 Federal Reserve Note. Within the reform act TRNs are declared "lawful money" along with the FRN, and gold or silver or whatever people want to use as money.

2) Establish the TRN onto the currency markets and let it float in relation to all other currencies and gold or silver. Then, the markets decide what state currency is worth, not the central banks and their established crony network.

3) Treasury prints greenbacks, non-interest bearing currency to pay all social security, welfare, federal worker pensions, and the rest of government. They also begin to liquidate the national debt denominated in FRNs at some established rate of liquidation, say 2% a year. They can print whatever TRNs are necessary to liquidate the entire debt and then nationalize the paper banking industry.

4) Government constructs thorium nuclear reactors, produces energy and sells into the market priced in treasury notes. So, the power won't be a free market, but it will "back" the printing.

liquid flouride thorium reactors (LFTRs)

A renewable resource backing our currency is a great idea that I've floated on other forums in the past. I always got a "meh" in response. But it means not only is your currency backed with a resource, but it's a resource you will never run out of and you produce more of every year. This means your currency grows in strength every year the more you produce that resource. It's a formula for a strong and long lasting currency.

Returning the power to print currency to the US Treasury department is also a good idea. The Federal Reserve should never have existed in the first place.

Allowing the market to decide what currency it wants to use is also a good idea. Cryptocurrency could become more valuable, as well as gold and silver.

Of course since these are good ideas they will never be implemented. What will our government do next? Probably consolidate the Federal Reserve with the IMF so now our currency is controlled by foreign interests. That would be my guess.

My guess is they want to do several things, they've really destroyed the capital markets with too much debt, we have too many banks and they are subsidized by the fed.

So instead of allowing real capitalism and creative destruction eliminate them because the economy doesn't need so many or want that much credit, they blow these asset bubbles that just strip off the wealth of the middle class investing for their retirements.

They want to eliminate cash for sure, the government wants to track everything you buy or earn, and they want to be able to whack off 10% every once in a while for "emergency" measures and the banks know they're in deep unless they do something so, they'll issue the electronic currency and skim 6% of all the transactions.

Commercial vendors will go along because now they are paying 3% to clear through debit or credit, that amount will shift to their customers as they now pay the fees through the banks.

Banks will end up taxing the economy about 6-7%. And the banks will consolidate even more globally pushing for a 1 world system that gives them absolute control over everyone.

The banks are the shadow government and they have their appendages everywhere, 1 gigantic freakish squid from hell.
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LoP Guest
lop guest
User ID: 430424
09-14-2017 04:06 AM

 



Post: #18
RE: End the Fed, default on our debt
LoP Guest  Wrote: (09-14-2017 03:25 AM)
They will wait till about 50 Trillion before anything happens so relax....

lol wishfull thinking buddy, in case you hadn't noticed WW3 is about to start now.
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LoP Guest
lop guest
User ID: 326813
09-14-2017 04:59 AM

 



Post: #19
RE: End the Fed, default on our debt
LoP Guest  Wrote: (09-14-2017 03:57 AM)
LoP Guest  Wrote: (09-13-2017 08:52 PM)
A renewable resource backing our currency is a great idea that I've floated on other forums in the past. I always got a "meh" in response. But it means not only is your currency backed with a resource, but it's a resource you will never run out of and you produce more of every year. This means your currency grows in strength every year the more you produce that resource. It's a formula for a strong and long lasting currency.

Returning the power to print currency to the US Treasury department is also a good idea. The Federal Reserve should never have existed in the first place.

Allowing the market to decide what currency it wants to use is also a good idea. Cryptocurrency could become more valuable, as well as gold and silver.

Of course since these are good ideas they will never be implemented. What will our government do next? Probably consolidate the Federal Reserve with the IMF so now our currency is controlled by foreign interests. That would be my guess.

My guess is they want to do several things, they've really destroyed the capital markets with too much debt, we have too many banks and they are subsidized by the fed.

So instead of allowing real capitalism and creative destruction eliminate them because the economy doesn't need so many or want that much credit, they blow these asset bubbles that just strip off the wealth of the middle class investing for their retirements.

They want to eliminate cash for sure, the government wants to track everything you buy or earn, and they want to be able to whack off 10% every once in a while for "emergency" measures and the banks know they're in deep unless they do something so, they'll issue the electronic currency and skim 6% of all the transactions.

Commercial vendors will go along because now they are paying 3% to clear through debit or credit, that amount will shift to their customers as they now pay the fees through the banks.

Banks will end up taxing the economy about 6-7%. And the banks will consolidate even more globally pushing for a 1 world system that gives them absolute control over everyone.

The banks are the shadow government and they have their appendages everywhere, 1 gigantic freakish squid from hell.

I certainly hope that you are wrong. Esp in regards to the 6-7% transaction fees. That's nearly as much as sales tax and from what I understand with a digital currency that could be accomplished for less than .1% globally.

I am not sure a transparent global currency/exchange is wrong as long as I have some place safer than Fort Knox to store my life savings.

I don't trust my life savings to the digital realm. It is far too vulnerable.

And government, if they can't stop their endless escalation of debt they can't promise that they won't steal my money down the road to cover their largess.

We really should start putting our representatives in prison.
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StarStripes
Registered User
User ID: 402414
09-14-2017 05:07 AM

Posts: 399



Post: #20
RE: End the Fed, default on our debt
LoP Guest  Wrote: (09-14-2017 03:57 AM)
LoP Guest  Wrote: (09-13-2017 08:52 PM)
A renewable resource backing our currency is a great idea that I've floated on other forums in the past. I always got a "meh" in response. But it means not only is your currency backed with a resource, but it's a resource you will never run out of and you produce more of every year. This means your currency grows in strength every year the more you produce that resource. It's a formula for a strong and long lasting currency.

Returning the power to print currency to the US Treasury department is also a good idea. The Federal Reserve should never have existed in the first place.

Allowing the market to decide what currency it wants to use is also a good idea. Cryptocurrency could become more valuable, as well as gold and silver.

Of course since these are good ideas they will never be implemented. What will our government do next? Probably consolidate the Federal Reserve with the IMF so now our currency is controlled by foreign interests. That would be my guess.

My guess is they want to do several things, they've really destroyed the capital markets with too much debt, we have too many banks and they are subsidized by the fed.

So instead of allowing real capitalism and creative destruction eliminate them because the economy doesn't need so many or want that much credit, they blow these asset bubbles that just strip off the wealth of the middle class investing for their retirements.

They want to eliminate cash for sure, the government wants to track everything you buy or earn, and they want to be able to whack off 10% every once in a while for "emergency" measures and the banks know they're in deep unless they do something so, they'll issue the electronic currency and skim 6% of all the transactions.

Commercial vendors will go along because now they are paying 3% to clear through debit or credit, that amount will shift to their customers as they now pay the fees through the banks.

Banks will end up taxing the economy about 6-7%. And the banks will consolidate even more globally pushing for a 1 world system that gives them absolute control over everyone.

The banks are the shadow government and they have their appendages everywhere, 1 gigantic freakish squid from hell.

The banks are not the Shadow government, but they rule over and control the Shadow government in partnership with the CIA, which is the center piece of the Shadow government. https://lunaticoutpost.com/thread-791544...id14815285

The U.S. is under a secret martial law and military rule. https://lunaticoutpost.com/thread-789610...id14815238

Study-up on the truth and help to inform others of this. Trump asks for your help in this, so we all can restore the Republic. Please also keep in mind that Trump himself is encircled and in danger. The best way to help Trump is by helping yourself and informing yourself so you can inform others. https://lunaticoutpost.com/thread-788102...id14815227
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StarStripes
Registered User
User ID: 402414
09-14-2017 05:08 AM

Posts: 399



Post: #21
RE: End the Fed, default on our debt
StarStripes  Wrote: (09-13-2017 10:06 PM)
We already have the money to back out currency, wake-up. https://lunaticoutpost.com/thread-790136.html

And you have missed this also, the most important piece to understand the puzzle.
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