Welcome to the Kamala Harris Presidential Campaign

Hi again @cv5

Oh, I'd be willing to bet that you will. Especially if that's what you think is going on out there with money.

Friend, money is just a tool by which a group of people can exchange goods in an agreed upon amount, for the services of others. That's all it is. Whether it is tied to some benchmark of some other commodity doesn't change how money works. It does limit the amount of money that can be put into the monetary system. You see, I asked if you had done that little math problem for a purpose, but I'm guessing you're not going to try it.

No, that would just pay off our debt. We'd still have all of the same expenses to continue paying. We just wouldn't have the great interest expense that we pay now. And I am all for working to pay down the U.S. debt. Hopefully someone will take up that challenge, but so far no one has been able to work it out that we might be able to regularly run budget supluses and to commit those surpluses to calling in bonds.

No, that would just pay off our debt. We'd still have all of the same expenses to continue paying. We just wouldn't have the great interest expense that we pay now. And I am all for working to pay down the U.S. debt. Hopefully someone will take up that challenge, but so far no one has been able to work it out that we might be able to regularly run budget supluses and to commit those surpluses to calling in bonds.

Let me repeat nobody. Not the current administration or any of the past ones. I think that the last presidential administration to run a few surplus years was back in the Clinton administration.

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.

Also if you take the property of all Americans then why should they continue paying for the military,

The great interest payment is our largest payment.

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.

You really believe that's what's going on out here in the real world, do you? Ok.

How much would an ounce of gold have to be valued at to cover the money supply that we have right now?

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?

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?

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.

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.

@amuse on X: "🧵MORE: FBI Declassifies 950 Pages on Suspected Fed Front Group Patriot Front – Almost Every Page is FULLY REDACTED. https://t.co/1mgAWjxhnZ" / X

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.

This will mean that Gold is a much better investment than US debt

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.