YoursTruly
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- Dec 21, 2019
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- #81
You have MUCH more confidence in our economic future than I have. There has NEVER been a Fiat currency that did not collapse at some point. Ours began the slide to that collapse when Nixon declared the dollar not to be tied to gold reserves.
Before 2022, we'll have just over 30 Trillion dollars in actual debt. NO currency can survive that kind of manipulation and still retain credibility.
I have faith in knowing that the people who create and control the supply and the value of the USD also do not want it to crash. Although I completely disagree with the way it's over inflated, I do agree with how they've managed to keep it from crashing. Fact is, it should've crashed when the debt got to $1 trillion. And now, it's what, $27 trillion?
Question is, what's going to make it crash? Something has to happen. And the only thing I can think of that would cause that, would be for Americans to stop using it. And our allies stop trading in USD. Doing that would be a death sentence to any country that's currently trades their oil or other resources in USD. It didn't work out so well for Iraq.
That's why we're beginning to hear rumors of this "great reset". They know if they don't begin the process slowly and the collapse happens overnight then there will be mass chaos and bloodshed. I wouldn't put it past the Global/Marxist Left to bring down America economically, then leave the nation in violent upheaval for months. They will be insulated and safe while the rest of us struggle with food and shelter. The inner-city plantation dwellers as well as others who have NO margin financially will do whatever it takes to feed themselves and their children.
This isn't a left or right wing thing. The people that create and control the supply and value of the USD stand to lose a lot more than us working class stiffs. The fact of the matter is, we don't even need money. Us down here can live just fine without money, IF we all did it together.
It would simply mean that we go to work, like we normally do, and just don't worry about money. The people that work for the electric company & power plants, go to work and keep us supplied with electricity. Same as the people who work for the water company, the food industry, the car manufacturers, the drillers, refiners and everything else all the way down to the pizza delivery boy.
Those at the top, well, they stand to lose THE most important thing in their lives. Their money. Which would devastate them.
So I'm pretty sure they're going to do what ever it takes to make sure they don't lose what's most precious to them.
Money doesn't have to be backed by gold. Gold is now just an over priced inanimate object. The only reason it's still worth anything, is because enough people believe it is. Gold used to be hard to find. It took a lot of human labor to go into finding it, collecting it and then refining it. Now, they have machines that do all the work. Fact is, money could be backed by potato's or anything else.
BTW, Gold and silver is the biggest ponzi scheme since Amway.
The riots, looting, and arson of last summer will seem like the good old days by comparison. EVERY bit of this is by a plan. It isn't random and it isn't inevitable. Choices were made and they don't give a damn how many die in the process.
You're forgetting who's actually running the show. It's not the congress or the president. There's people a lot more powerful then those guys. People who's names we'll never know. Face's we'll never see on TV or some computer screen.
BTW, a little food for thought:
The Federal Reserve knows the government can't pay them back. The government knows they can't pay the Fed back. But the "loans" keep coming, right? Why is that? You'd think that if anyone owed a bank that much money, and no way to really pay it back, then the Fed could call in the note and bankrupt the government, right?
Well there's this little thing called the "Federal Reserve Act" that the government keeps in its back pocket for just such an emergency. Repealing that act, and the US treasury started printing it's own money, would destroy any federal reserve notes on the planet. Overnight, they become as worthless as a confederate bill. So, the government and the Fed work together. The Fed keeps loaning the government money. And the government allows the fed to do pretty much what ever it wants.
Now here's the kicker: If the Fed knows the government will never pay back the trillions it owes them, then is there really a debt? Seriously, if you owe someone money, and they say "don't worry about paying it back," then you don't really owe them anything.