The Unit

[Doc7505]

The debt has done that.

<~~~~~~~~~~>
OTOH, fraud and misuse of taxpayer money are pressing issues for many Americans. Recent surveys revealed that 83% of respondents believe fraud contributes significantly to higher costs for families while 87% expressed concern about the misuse of taxpayer money in government programs.
These statistics highlight a widespread belief that financial mismanagement and fraud are linked to economic challenges, including the rising cost of living.

• Kwame Kilpatrick — Mayor of Detroit: convicted on racketeering, extortion, bribery, mail and wire fraud and related charges for a wide-ranging pay‑to‑play and kickback scheme; sentenced to 28 years (convictions affirmed). U.S. Department of Justice2
• William J. Jefferson — U.S. Representative (LA): convicted on bribery, racketeering and money‑laundering charges after an FBI sting that found cash in his freezer; sentenced to prison.

Sources:

Democratic erosion in the US | Brookings

Democratic erosion is a global phenomenon but according to experts, the U.S. is not immune.

www.brookings.edu

xxxxxxxxxx​

Corruption Offers Democrats an Attack Strategy, but Criticism Falls Short

“We have a very corrupt country, a very corrupt country,” President Trump stated at Mar-a-Lago last week, “and it’s a sad thing to say, but we’re figuring it out now.” While Democrats may dis…

www.politicsatnyu.org

xxxxxxxxxx​

!0 American Politicians Who Have Served Time in Prison

In a democracy, politicians are expected to serve with integrity, putting public welfare ahead of personal gain. Americans should be able to trust that

listverse.com

 

[The Duke]

As you know..... We know... you only bring it up while Trump is president....

How many mentions of Biden and the debt or fuel prices from that one?

 

[C_Clayton_Jones]

After being elected, Trump and the Republican Congress set about DOUBLING the deficit that Obama had halved. By the time he is finished with this current term, Trump will have racked up more debt than Obama and Biden combined.

The stupidity of voting for Republicans – for president or Congress; the wrong-headed notion that Republicans are ‘good on the economy,’ whatever that’s supposed to mean.

The GOP is not the party of fiscal responsibility, it never was.

Republicans are incapable of sound, responsible governance.

 

[BackAgain]

I've explained countless times how the debt could very easily be eliminated.

Countless times.

Unfortunately, our politicians are beholden to special interests who work diligently to divide our country and keep everyone from even discussing the simple solution.

Oh. You “explained.”

Cool story bra.

 

[markef]

You are aware Trump always has been a far left New York Democrat, right?

Just look at his policies. They don't get more socialist than that.

Democrats support abortion, sexual perversion, racism, fraud, sedition, and more, quite unlike Trump.

 

[P@triot]

Everyone needs to start talking about the debt. All the time. It is all that matters. It is the ONLY existential threat to our security and our future.

Not trannies. Not Mexicans. Not Muslims. Not even Iran.

The debt.

LMAO! And there it is. G-strings real agenda. Draw focus away from…

• The Democrats created the trans war (it failed spectacularly)
• The Democrats created class warfare (it failed spectacularly)
• The Democrats created the culture wars (it failed spectacularly)

Here’s the thing G-strong: We the People can walk & chew bubblegum. So you can take your disingenuous agenda and shove it where the sun doesn’t shine.

 

[P@triot]

I've explained countless times how the debt could very easily be eliminated

G-string not only doesn’t understand basic economics, she also doesn’t grasp the concept of trillion.

 

[P@triot]

I like Warren Buffet's idea. "I could end the deficit in 5 minutes. You just pass a law that says that any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election."

And how many Congressmen would vote for that law? Oh, about 1 out of every 8,000 or so.

 

[P@triot]

Obama HALVED the deficit.

You’re truly a pathological liar. You couldn’t force yourself to speak the truth if you had a gun to your head.

1. The President of the United States does not control the purse strings - Congress does. So it is literally impossible that “Obama halved the deficit”
2. In 2008 (GWB final year in office), the deficit was $455 billion. In 2009, Obama and the Democrat supermajority in Congress ran that up to $1.417 trillion: a staggering 211% increase to the deficit (note that Democrats in Congress did whatever Obama told them to do - no questions asked)
3. In 2016 (Obama’s final year in office) when Republicans controlled all of Congress, the deficit was $587 billion (still a 29% increase from GWB’s final year in office).
4. At no point did “Obama halve the deficit”. He and the Democrats ran it up a mind-blowing 211% and only when Republicans took over did that come back down to a “normal” level.

You are such a lowlife lying jack-hole. Truly one of the worst here on USMB.

 

[P@triot]

Gold and Silver standard works for me.

So you don’t understand basic economics? The last time we were on the “gold standard”, the population was 207 million people (1971).

There are now 330 million Americans - a 59% increase in population since 1971. But the U.S. government has mined exactly 0.0% more gold since 1971 (because there is no more gold to mine).

If we went back to the gold standard right now, there would be a laughable $863 billion total in circulation (as opposed to the $2.3 trillion we currently have in circulation). In other words, there wouldn’t be nearly enough money in circulation to support our current population.

 

[P@triot]

The stupidity of voting for Republicans – for president or Congress; the wrong-headed notion that Republicans are ‘good on the economy,’ whatever that’s supposed to mean.

The GOP is not the party of fiscal responsibility, it never was.

Republicans are incapable of sound, responsible governance.

Enter Artificial Intelligence to humiliate the absolute mind-numbing drivel from uneducated CCJ:

Using the federal fiscal year numbers:

• FY2008 deficit (before Barack Obama took office): about $455 billion
• FY2009 deficit: about $1.417 trillion
• FY2010 deficit: about $1.294 trillion

So:

• From FY2008 to FY2009, the annual deficit increased by roughly 211%.

Now remember everyone, Obama had a “supermajority” in 2009 and total Democrat control in 2010.

So what happened after the midterms in which Obama said he took (and I quote) “a shellacking”, where Republicans took over coast-to-coast? Sound governance and fiscal responsibility. Enter Artificial Intelligence once again:

The lowest annual deficit during Barack Obama’s presidency was actually in FY2015

Approximate deficits by year near the end of his presidency:

• FY2013: about $680 billion
• FY2014: about $485 billion
• FY2015: about $438 billion ← lowest
• FY2016: about $587 billion

As you can see, once the adults (ie Republicans) were in charge once again, some semblance of fiscal sanity was restored. And just another example of CCJ embarrassing himself with incorrect information.

 

[The Duke]

So you don’t understand basic economics? The last time we were on the “gold standard”, the population was 207 million people (1971).

There are now 330 million Americans - a 59% increase in population since 1971. But the U.S. government has mined exactly 0.0% more gold since 1971 (because there is no more gold to mine).

If we went back to the gold standard right now, there would be a laughable $863 billion total in circulation (as opposed to the $2.3 trillion we currently have in circulation). In other words, there wouldn’t be nearly enough money in circulation to support our current population.

Yeah, we're going to disagree on that.

 

[P@triot]

Yeah, we're going to disagree on that.

I provided 100% factual data. $863 billion in circulation cannot support 330 million Americans.

It’s not a matter of “opinion” to “agree on”.

It’s a fact that the gold standard cannot support 330 million Americans. Hell, it couldn’t support 201 million citizens back in 1971, which is why we left the gold standard at that time.

 

[eagle7-31]

As some people know, the federal debt is my number one issue with every politician. Each president outdoes his predecessor in racking up debt. The time is rapidly approaching when our debtors will no longer trust in the full faith and credit of the United States, and will begin demanding higher interest payments on our debt, and there is nothing the Federal Reserve will be able to do about it.

Remember when a certain someone said he would pay off the debt in eight years? This is a guy who will literally say ANYTHING to the unthinking rubes to con them into worshipping him.

Trump: I will eliminate U.S. debt in 8 years​

After being elected, Trump and the Republican Congress set about DOUBLING the deficit that Obama had halved. By the time he is finished with this current term, Trump will have racked up more debt than Obama and Biden combined. Book it.

But that's not the worst part.

The worst part is our status as the world's reserve currency is about to have the bottom drop out. And the Iran war has hastened it.

There's a new currency in town, and it intends to become its own global reserve currency.

This new currency is called the Unit.

The Unit is backed 40% by gold, and 60% by a basket of BRICS currencies.

Gold bugs take note! The Unit is backed by actual gold by weight.

Now, when you think of BRICS, you may think Brazil, Russia, India, and China. Those were the OGs of BRICS.

But now BRICS is Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Indonesia.

You may notice Iran snuck in there.

Saudi Arabia was the nation which helped us create the petrodollar. And now look at them. Jumping on the Unit bandwagon.

More in my next post.

Here's some reading material:

Unit (currency) - Wikipedia

en.wikipedia.org

​

BRICS deepens shift from dollar, controls 50% of global gold​

​

From Washington to Trump, 47 Presidents and Congress along with it (Congress hold the purse strings, the President the veto) only once has the US had a balanced budget with no debt at the same time. Andrew Jackson's second term.

 

[The Duke]

I provided 100% factual data. $863 billion in circulation cannot support 330 million Americans.

It’s not a matter of “opinion” to “agree on”.

It’s a fact that the gold standard cannot support 330 million Americans. Hell, it couldn’t support 201 million citizens back in 1971, which is why we left the gold standard at that time.

Now see, where you're locked into a box is determining what the value of that $863 billion actually is in terms of goods and services.
Fiat currency is bullshit, dude.

 

[Care4all]

A little background.

Nation A's currency is the quadloon.

Nation B's currency is the boinker.

If Nation B wants to buy chocolate from Nation A, they have to agree on the quadloon-to-boinker exchange rate. But since both countries are constantly manipulating their currencies, they find it safer and easier to exchange chocolate for US dollars because it is the most stable currency on Earth.

Yes, gold bugs, it is.

A few decades ago, Saudi Arabia agreed to sell its oil only for US dollars. Thus was born the "petrodollar" and everyone else had to get on board.

Because we are the currency of exchange everywhere, every nation needs a giant stash of US dollars to buy and sell stuff. They accumulate dollars by selling us stuff and creating a trade surplus with the US.

Being the world's reserve currency provides us the "exorbitant privilege" of being able to borrow money at low interest, thus finance astronomical deficits, and we are able to accrue massive trade deficits without the pain that other nations feel with their trade deficits.

And if a country pisses us off, we can cut them off from our dollars and freeze the assets they have here.

In 2022, we froze a shit ton of Russia's money after Putin invaded Ukraine. And that was the genesis of the plan to create a new world reserve currency.

Now we have also frozen something like $20 billion of Iran's assets, so they are on board with the Unit.

Over the past few years, the BRICS nations, particularly Russia and China, have been amassing ungodly amounts of gold.

Now you know why.

This is bad. Very bad. If we lose our status as the world's reserve currency, or even if it is decreased just enough, our debt will implode and crush us.

Plan accordingly.

How?

 

[P@triot]

Now see, where you're locked into a box is determining what the value of that $863 billion actually is in terms of goods and services.
Fiat currency is bullshit, dude.

That “value” is based on the current price of gold x’s the amount of gold in the possession of the U.S. government. It’s basic math my friend and it means we would only be permitted to have a paltry $863 billion in circulation

You might believe that “fiat currency” is “bullshit”, but as people such as you and I tell liberals daily, facts don’t really care about feelings.

$863 billion cannot support a nation of 330 million citizens (not to mention God knows how many more illegal aliens). Basic math/facts

 

[P@triot]

This is bad. Very bad. If we lose our status as the world's reserve currency, or even if it is decreased just enough, our debt will implode and crush us.

Democrats have achieved exactly what they set out to achieve: bring the U.S. to the brink of total collapse