If money is a tool for exchange then Fiat money is a tool for a bank heist. That is what the 20% inflation was, a bank heist that stole money from every single American and everyone holding US treasuries.
Welcome to the Kamala Harris Presidential Campaign
- Thread starter ZNP
- Start date
-
Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.
If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!
To make new Christian friends now around the world, click here to join Christian Chat.
If our debt is paid off then we are not in danger of bankruptcy. Simply seize the property of every American and hand it over to the government just like they did in the time of Egypt.
The great interest payment is our largest payment. Also if you take the property of all Americans then why should they continue paying for the military, so you can eliminate our second largest payment. Finally, if you are selling the Americans as slaves you don't need entitlements like SS and Medicare, slave owners will take care of those expenses as long as the slaves are profitable workers.
The goal is that Americans will own nothing and be happy or else be exterminated. The Antichrist does not need to have a bunch of complainers around that are never happy.
Hi @ZNP
Do you ever stop and reread your posts? You really believe that's what's going on out here. The 'government', I'm going to assume you are referring to as those taking the property of all Americans, is taking our property and so we shouldn't be paying for a military. Did I read that wrong? Where do you come up with these understandings of 'how' things work? Is there a school somewhere that teaches these things? Oh, oh, oh no, I forgot. The government won't let them. (wink, wink) Right, that's what's going on.
I sure wish I could get the U.S. treasury then to pay my property tax bill and hey, they should have an interest in making sure that the insurance is paid, too.
Hi again @ZNP
Here, try this one on for size and see if it fits.
The U. S. currency is based on the gold standard. That means that we can only print enough money that corresponds with the value of the gold that we hold. So, gold has an established price and we can print that much money. But we need more money in our money supply. What shall we do.
Oh, oh, oh, call on me! Call on me!!!!
Yes, Ted, what do you think will happen. Well teacher, wouldn't the legislature just up the value of the gold price so that they can print more money?
Yes, that's right. Here's you a treat.
So, what do you think would stop the legislature from establishing a new price for gold?
Uhhhhh. nothin? It would just be some big debacle that we'd go through every now and then to get it raised. Kind of like what happens now with the debt ceiling.
Very good Ted. You get extra points and see me after class and I'll give you a big ice cream bar.
Hey @ZNP
Did you do the math yet? How much would an ounce of gold have to be valued at to cover the money supply that we have right now?
Here, try this one on for size and see if it fits.
The U. S. currency is based on the gold standard. That means that we can only print enough money that corresponds with the value of the gold that we hold. So, gold has an established price and we can print that much money. But we need more money in our money supply. What shall we do.
Oh, oh, oh, call on me! Call on me!!!!
Yes, Ted, what do you think will happen. Well teacher, wouldn't the legislature just up the value of the gold price so that they can print more money?
Yes, that's right. Here's you a treat.
So, what do you think would stop the legislature from establishing a new price for gold?
Uhhhhh. nothin? It would just be some big debacle that we'd go through every now and then to get it raised. Kind of like what happens now with the debt ceiling.
Very good Ted. You get extra points and see me after class and I'll give you a big ice cream bar.
Hey @ZNP
Did you do the math yet? How much would an ounce of gold have to be valued at to cover the money supply that we have right now?
MORE: FBI Declassifies 950 Pages on Suspected Fed Front Group Patriot Front – Almost Every Page is FULLY REDACTED. https://t.co/1mgAWjxhnZ" / X
I believe that Jesus Christ is Lord and I believe that what has been is what will be. I believe that what we saw in ancient Egypt with Joseph is a shadow of the tribulation which is to come. I believe the Bible is the word of God, that all things came into being through the word of God and that apart from the word of God there is nothing that has come into being.
That word includes the Lord telling us not to keep our treasure where thieves will break in and steal but to keep it in heaven.
Why, what do you believe?
ROFL
The dollar is based on WEIGHT and fineness.
The dollar is a silver coin containing 371.25 grains of pure silver.
The value is whatever anyone is willing to transact for one of them.
Be it the Cullinan diamond or a used Kleenex.
Hi @ZNP
Well, I can tell you that I don't believe that any of that has one whit to do with the issue under discussion here. I also believe that Jesus is Lord. I'm not so convinced that Joseph's life in Egypt is a shadow of the tribulation. I haven't ever heard that one before. I absolutely believe that the word of God is true in everything that it tells us.
And yes, when the Lord told those who are his to not store up their treasures upon the earth, but in heaven where rust and moth won't harm them, that he wasn't talking about the money of goods of any nation. He was talking about doing good things and living a godly life which is what is stored up on our ledger in heaven.
OK, let's assume Ted is the corrupt government official in the US who does this. What will all the other 95% of the world's population do. they'll stop putting their trust in the dollar and instead put it in gold. They will turn in their US dollars for that gold. Since most gold back securities only have about 3% of the gold necessary to back the currency this will cause a crisis for the country and so the US will have to buy gold at the inflated price they just created from other countries. This will mean that Gold is a much better investment than US debt and so you will create a second crisis which is the inability to borrow money. That in turn will mean you will have to raise your interest rates putting you into recession. So you will have a run on your dollar and will have stag flation. Congratulations Ted you are now going down in history with Herbert Hoover and Joe Biden as one of the three worst presidents ever.
I guess we have identified the difference between me and you. I consider Jesus to be the truth, the reality, and everything else including currency to be vanity, a wisp of smoke, a mirage, an illusion.
Already happening. If you have the slightest degree of situational awareness as regards the debt markets and global economy.
You may ask: what is to become of the deer in the headlights crowd like @tedincarolina ?
Call the DNR cleanup crew. Because its gonna get messy.
"Gold had destroyed USTs"
Luke Gromen on X: "@GMillerMortgage @LawrenceLepard Here’s gold/TLT: Gold has destroyed LT USTs https://t.co/3KXo2IrmXs" / X
Luke Gromen on X: "@0xemon Gold has destroyed long term USTs for the past 10 years" / X
Luke Gromen on X: "This is great from my friend @GraphFinancials
It describes why gold has been gaining share from USTs as global primary reserve asset for 10 years, & why that will likely continue." / X Luke Gromen on X: "@PauloMacro …or, Russia tells them “we will accept gold for oil, valued at 50 barrels per oz”…" / X