Nope as I never read it.Again I can say whatever I choose on the internet. That said nothing that I have or will say has any world consequence, I am fully aware of this. Not sure what you believe that you are proving by defending China and by claiming that China can not use their American debt holdings as a weapon because they can do as they choose.Try copper 1943 penniesWhich is why bright people then as now put their faith in metalWhat I said was factually absolutely true after the civil war. The fact that white supremacist now collect confederate notes does not impress me.1 million dollars in confederate gold was worth exactly the same as i million in confederate paper money at one time. A day later the gold price was still one million and the paper was burned in the stove for warmth as it had no valueThere are people still using the gold standard.It's not a math problem it's called inflation which means the paper money and or t bills are not worth the paper that they are printed on. So genius, thanks for making my pointIf you do not know what dissipate means ask your homeroom teacher who will instruct you to use a dictionaryDude I own a piece of the federal reserveDude I own a piece of the federal reserve everyone who owns t bills does, China owns Trillions in t bills and more trillions in stock of American companies. None of this is speculative it's all fact. If China sold all of it's American assets our economy would dissipate and inflation would make a loaf of bread cost a hundred bucks at leastThe chinese own a piece of the us federal reserve. If we sue them and win they could sell us treasuries and stock to pay us back and totally destroy our economy in the processThe Chinese have controlling interest in many of the media companies. We have paid for our own destruction. Through purchase of cheap plastic shit at big box America we have ensured our own destruction.We are at war with china, no one who knows this wants the conflict to escalate to millions of degreesYeah, something doesn't add up. There is something that is just not right about this. Well, lots of somethings. We can't count on the media to ask, my God they are nothing but worthless, if not straight out harmful themselves.I have been saying this from the start...this strain is faaaar faaaar too weak to justify this response. They know something. They know...and the next time it's really gonna kill people...a lot of people.
And that response continues to this day...So the threat must still exist!
Why? Because the inmates are in charge
The chinese own a piece of the us federal reserve.
Baloney.
If we sue them and win they could sell us treasuries and stock to pay us back and totally destroy our economy in the process
Hilarious! And wrong.
All in all we are fucked and idiots walking around in masks would all be better off dead
You're lying.
everyone who owns t bills does
T-bills are debt issued by the US Treasury, not the Fed.
China owns Trillions in t bills and more trillions in stock of American companies.
About $1.1 trillion in Treasuries. I doubt they own anywhere near that in us stocks.
If China sold all of it's American assets our economy would dissipate
Dissipate? What do you mean?
T bills are issued by the treasury and are backed in gold bullion in the federal reserve.
Play on little one
Status Report of U.S. Government Gold Reserve - Current Report
fiscal.treasury.gov
Total Gold Reserves $388 Billion.
Total US debt (not including unfunded future liabilities of $23 Trillion)...... $25 Trillion.
Let's review.... We have $388 Billion in gold.... in order to "back" $25 Trillion in T-bills.
My friends, what we have here, is a math problem.
Well that's not exactly true.... I can buy a ton of paper, for the value of a few dollars. Six $1 Bills, can buy a whole ream of paper. That's way more paper, than the value of the paper used to make the bills.
So not so much.
But, yes there is inflation, that's true. However I would point out, that we had inflation under the gold standard. We had inflation of 20% in 1918, and that was when money was backed by gold.
By the way, we had inflation before the Federal Reserve was even created.
Inflation Rate in 1800 | Inflation Calculator
The 2.44% inflation rate means $1 in 1799 is equivalent to $1.02 in 1800. This inflation calculator uses the official US consumer price index.www.in2013dollars.com
Widely known that having a gold standard, didn't mean that inflation didn't exist. In fact, in some ways inflation and deflation were worse before the Federal Reserve, because no one knew it was happening.
Not to mention that sometimes if the bank that your notes were from, failed, and then you ended up with zero. A bit risky.
Now granted, the reason banks failed, is because government put in place bad policies that caused them to fail (much like today honestly). And they created Federal Reserve as a fix to a problem they created. Granted.
But, regardless inflation is normal. There has never been a time where inflation didn't exist.
What? So you are now advocating that we go back to a gold standard?
Not going to happen. In fact, can't happen. Not possible.
They buy gold
So yea I do recommend the gold standard more so when idiotic governments print fake money
Well yes. You can do that. I have yet to meet anyone that worked out well for.
So for example I knew this guy at a company I worked for, and he bought a bunch of gold in 2011.
Now if you know what happened after 2011.... The price of gold fell by nearly half.
View attachment 330936
Now you could say that prices, extremely recently have gone back up, and that's true.....
But he found out something the hard way.... You can't pay bills with gold. Believe it or not, when your mortgage is due, you can't mail them a bar of gold.
I can't remember if he said he had to sell in 2014 or 2015, but I know he said he lost nearly half the value. Between the transaction fees, and storage cost, he lost half the value he purchased gold with. If you want to turn $1000 into $500, buy yourself some gold right now. Prices are good an high.
Gold is a garbage investment. You can do want you want of course, I'm not going to try and talk you out of it. But my recommendation is, buy mutual funds in company stocks.
I've doubled my money. Even to this day right now, with my portfolio value depressed.... I still have double the value I put in. Roughly a 110% return on investment.
And when this whole thing blows over, and stock prices go back up, I'll likely have a vastly larger return on my investment.
The purpose of Obamacare was not to provide healthcare but to bankrupt the USA as is shutting down the economy. They predicted a lot more patients that did not materialize
Not factually true.
Confederate Notes
► Buy Confederate Notes online securely with Golden Eagle Coins. Trusted dealer since 1974. A+ rating with BBB. Fully insured delivery through USPS.www.goldeneaglecoin.com
It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence. As the war began to tilt against the Confederates, confidence in the currency diminished, and inflation followed.
So no, one confederate dollars was not worth the same in confederate gold. The value of the Confederate dollar went up and down, and mostly down as the war dragged on, and it seemed less likely they would win.
And it was never directly backed by hard assets to begin with.
The purpose of Obamacare was not to provide healthcare but to bankrupt the USA as is shutting down the economy. They predicted a lot more patients that did not materialize
You are stumbling into a assumption. The fact things didn't turn out as expected, does not automatically mean something nefarious was going on.
Nor do I actually think Obama's goal was to destroy the country. Remember, the path to hell is paved with good intentions.
I never once suggested that Obama had bad intentions. Doesn't matter. Socialism doesn't work. The more we socialize, the worse it will get.
Copper 1943 pennies impress me
Yes, after the war, the confederate dollars were worthless, just like at the end of the war they were worthless, and were declining in value throughout the entire time they were losing the war.
Like I said, I haven't met a single person yet, that invested in metal, and came out better off. Not one. Not even one person. Zero. None.
If you look at all the wealthy people in this country, and other countries... none of them have their investments in shiny rocks.
All of them have invested in value producing assets. Land that can be cultivated. Property that can be rented. Or companies that produce goods and services of value.
As Warren Buffet famously said
View attachment 331103
Something to consider..... if every rich person in the world is not doing something, and a bunch of poor people are.... might be a hint.
By all means, go for it. My investment strategy is working perfectly, has been tested and proven for 100 years.
If your retirement plan is copper pennies, knock yourself. Tell me how that works for you.PCGS-Certified 1943-D Bronze Cent Sold For $1.7 Million
The only known 1943-dated Lincoln cent mistakenly struck at the Denver Mint on a bronze planchet has been sold for a record $1.7 million by Legend Numismatics of Lincroft, New Jersey.www.pcgs.com
The Truth About 1943 Steel and Bronze Copper Wheat Penny Values
Learn How To Tell If Your 1943 Wheat Cent Is The Rare Bronze Version. Our Guide Tells You The Tricks Dealers Use To Make You Think That Your Rare Coins Are Common. Read To Learn More.coinappraiser.com
Dumb government shit
That is lunacy.
"The only known 1943-dated Lincoln cent mistakenly struck at the Denver Mint on a bronze planchet has been sold for a record $1.7 million by Legend Numismatics of Lincroft, New Jersey."
You said "Which is why bright people then as now put their faith in metal", and then linked to a single coin.... that is unique in the world.
So your "bright people" investment plan, is to sit around hoping you can get your hands on the only coin that was mistakenly minted on bronze.....
I'm just going by what you yourself posted.....
Well.... sir.... good luck with your plan.
I think I'll stick with my dividend earning stocks. Good luck finding that one coin on the planet that you can retire on.
Debt weapon of choice for China to penetrate developing countries
Tonga raised alarm and begged China to write off her debt.www.nation.co.ke
Play on
You completely misunderstood the article.
It's about developing nations that can't repay their debt to China, it has nothing to do with us.
Play on kid
Let me get this strait... In order to back your claim, you post the article of China using debt as a weapon, assuming it could be used against us, without even reading it. Since you got challenged, because it doesn't support your claim, you call me a kid. So, if I am a kid, what does that make you, an infant... or embryo?