All Forum Posts by: Account Closed

Originally posted by Shana Gray:

might I ask a dumb question?

can obama legally spend money that does not exist without the will of the people, and is it really impossible for him to be stopped?

I don't think it's a dumb question. It reminds me of a quote I just read. Something along the lines of "The people of a nation have the government they deserve".

I would be surprised if one out of every fifty American citizens knows anything about the inception of the federal reserve system, what the fiat money is, and how fractional reserve banking works. I do not completely blame Americans for not knowing how it works. I just learned. It was designed to be hard to figure out for a reason. And those who do learn about it and voice their opinion about it are labeled as wacky conspiracy theorists. We do not learn in school here that some of the founding fathers stated that the European central banking system being forced on the colonists was the real reason for the revolution. We are taught it was about a tea tax.

If/when people here figure it all out there will be change. Then the will of the people will prevail. Their will will be properly directed. We are entering a time period that facilitates change: Pain usually prompts people to wake up.

Right now the government spending money that is created out of thin air, and the fed charging interest on it, is the norm, and the people are powerless over it. If the implications of that are ever understood by the general population, they will learn that we have never been in a real free market economy and they will evoke change. The serfdom element of it will hit them like a brick wall. It's far away. It may never happen. Right now most people think it's about democrats versus republicans: Clinton did this, Carter did that, Reagan did this, or Bush did that. The money trust people (the small collection of people that controlled most of the world's wealth back during the conception of the federal reserve on jekyll island) really did a good number on us, you have to give them credit.

In a government for the bankers by the bankers, the will power of the people is misdirected by design. If we collectively focus our will in the right area real change will happen. I doubt it will happen while Obama is in office. But I can hope by the end of his first term someone like Ron Paul is once again in the mix, and that the will of the people is targeting the real problem. (A private - yet socialist functioning - cartel of bankers controlling our currency, and therefore above all law: The greatest power of all)

Changing that is a tall order. It makes sense to many - myself included - to accept the system we are powerless over and to learn to navigate accordingly: Flawed as it may be, there is still opportunity in it.

Right now we're at a stage where many people think the federal reserve making statements about increasing regulations on banking is good news. That is like a heroin dealer making us feel confident with a statement that we need tougher laws against crack and meth dealers. That type of trickery is how the federal reserve system was enacted in the first place.
But one can still hope...

Originally posted by NC Mark:

But hell, I still believe in the Boy Scout Oath, the Golden Rule, and that what goes around comes around ......

I am with you here!

Harrison I couldn't agree more with everything in it!

Originally posted by Harrison Painter:

The entire post

Originally posted by NC Mark:

Jon Stewart wanted to blame the whole mess on Cramer and CNBC's failure to 'check the facts'. How nice if it were that simple.

I did not perceive Stewart as blaming Cramer for not 'checking the facts'. My interpretation was that Stewart was blaming Cramer and CNBC for being complicit in the grand scam; by bringing to light that Cramer does know the facts, but alters the facts for his/cnbc/the banks own self interest.

Stewart brings to light his position that Cramer/CNBC knew they were misleading the public during the entire boom. He does a good job of supporting his position. Cramer seems helpless. Scroll down for the videos.

http://watching-tv.ew.com/2009/03/jon-stewart-jim.html

Very worrisome. But not unexpected at all.

It has also been written and illustrated nicely through graphs and charts that we need china, but that china doesn't really need us so much, or as much. They are a creditor nation, like we used to be. But now we are a debtor nation.

The consensus amongst the conspiracy theorists is this:

The US will be downgraded. Treasuries will be out, the last remaining haven will be metals like gold and silver. The U.S government will start paying off all it's debt with inflating and hyper-inflating dollars before converting us to a new currency.

The suggested way to come out ahead on this is to watch for when the government starts paying off all its debt with inflating and hyper-inflating dollars. As they're doing so, that is the time to pay off mortgages and such, just before the currency collapses, as it's hyper-inflating. That will set you up free and clear for the new currency.

Pretty picture eh?

Originally posted by nationwidepi:

Delete the question mark, add an exclamation point and you have your answer. :lol:

Thanks Will - that made me laugh!

I will go one further. I am believe whoever holds the oval office is a puppet to the fed. But I am one of the resident BP conspiracy theorists :)

Even if Ron Paul got made it to the oval office and tried to dismantle the fed; I presume the task would be daunting. I speculate there are a lot of politicians with a vested interested in seeing the fed (access to pre circulating/inflating, freshly printed money) stay in place.

I think real estate and exploring the options of wealth outside the green back are worth exploring and acting on as things get worse, given the context.

Originally posted by Dave V.:

If person 2 takes a mortgage, that's not anything created out of thin air. Yes, he has 90K more cash than he used to, but he also has 90K more debt.

person 2 has 90k debt, and he also added 90k to someone else's bank. That next bank can now loan out 90% of that 90k out of thin air. Look up fractional reserve banking. It is basically the same as printing money.

No one is saying that you don't deserve your wealth for taking risks. I am here learning about real estate, wealth creation, and I am taking big risks myself. I am just stating my understanding of the facts about of fractional reserve banking, and how it destroys the dollar asset class. Please correct me if I am wrong on those facts. The dollar does not have to represent wealth. In fact it probably will not soon. I actually agree with the original poster more than I originally thought.

Interesting topic. I love threads like this.

Originally posted by jbrooks:

People are saying that declining home, stock, 401(k), etc values is a destruction of wealth. But I don't believe it and have been arguing that wealth is not destroyed until there is material destruction.

It has been said by many that we're about to have the greatest transfer of wealth in history. We're probably reading some of the same authors.

Originally posted by jbrooks:

Example:

Person 1: Has $100k in cash.
Person 2: Has 1 house.

House drops 50% in "value".

Person 1: Has $100k in cash.
Person 2: Has 1 house.

Where is the "destruction of wealth"? The same amount of wealth exists before and after ... 1 house and $100k in cash. If the house is valued at $75k, that doesn't mean $175k exists in the economy ...

I am not sure I agree here. If person 2 took a mortgage loan on the house, 90% of the mortgage amount is the equivalent of printing the money out of thin air (Fractional Reserve Banking). So there would be 100k cash from person , plus the 90% of the mortgage amount created out of thin air by person 2's mortgage loan. That's not real wealth to either of those people, but that's our Fed/Fractional Reserve banking system at work destroying real wealth. Stealing real wealth by charging interest on money that is created out of thin air, and taxing everyone else through inflation. Actually though that still falls in line with what you're saying. That just destroys the dollar and makes it literally impossible to remove all debt.

Originally posted by jbrooks:

Does anyone else understand this? Or am I alone here?

You're not alone. But I don't think most people understand it. I agree that those who do will be positioned to participate in the transfer of wealth. If most people really understood what was going on we'd have real change and a different financial system. But I have a feeling they'll be studying up a lot on it soon. Until now they wanted to pay someone else to figure out the next undervalued asset class so they could watch American Idol.

I wonder how far they can legally take it.
I cannot see how the fed will let them have complete freedom to issue their own currency, as originally intended in the constitution. They'll still have to convert it to green backs to pay taxes and such.

But it would be funny if they backed it by gold, and it somehow ended up becoming a safe haven against the collapse of the U.S dollar. I can see the headlines now: "China seeks safe haven in Wisconsin Farve Currency":