YEah, the government doesn’t remain in debt, they’ve only been in debt for the last 80 years lol.
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Dude what’s your deal against Ron Paul? GTFO of here. He speaks the truth. If you truly understood logic then you would realize that he’s right. Wake the fuck up.
Wow Rupaul looks pretty bad…….does he have AIDS or something ?
Yes it does its quite different, the Govt doesnt remain in debt.
“Where is the definition that credit is fractional…”
Credit’s initial value from principal is a fraction of it’s future equity. Making stuff up is when you call credit “counterfeit”.
“Credit is a loan.”
No sh*t, Sherlock? And, what’s the actual value of the loan when it’s initially loaned out if it isn’t a fraction of it’s future value, i.e. after it’s paid off & no longer credit?
“Bankers did noting to earn that “credit”…”
How does a banker “earn” his risk on YOU buying a home?
“So what does the government produce…?”
What does any bank produce? What does the Federal Reserve produce?
“You think a public fiat currency works any differently…? LOL.”
I’m laughing at the genius who sees no difference between debt & debt free.
“You mean they issue it as they please?”
They issue it to pay expenses on whatever the Congress, the President, & the Courts agree on.
So what does the government produce to have this “public” currency? You mean they issue it as they please? You think a public fiat currency works any differently than a private fiat currency? LOL.
Gold is not “money” any more than any other asset is “money.” Sure it has value, and it’s relatively liquid, but that doesn’t make it “money” unless you just want to abolish money and go to a barter system.
What about the 15T theft by the Fed, the Central Bank of England, and the Royal Bank of Scotland?
Where is this fucking money? Are we going to get it back, without putting all these sub-human criminals in the guillotine and literally chop their heads off, with live utube coverage?
Go for these bastards’ genitals and chop them off in public!
They’ve chopped ours off already!
Where is the definition that “credit is fractional”. Quit making stuff up.
Credit is a loan. Banking crooks have managed to enslave society in debt by issuing credit out of thin air. Bankers did noting to earn that “credit” which they loan out. Banking researches nothing, develops nothing, manufactures nothing and markets nothing (except scams).
Society needs to get rid of these USELESS middlemen who are parasites on the system. Only people who EARNED their savings can extend credit.
“…people who earn the wealth…preserve their purchasing power, not those who print aka counterfeit it…”
You’re just opposed to ALL credit. If not, then when is credit NOT counterfeit?
Credit that requires 100% backing before it’s borrowed is no credit at all. Credit is, by definition, fractional.
If that’s not the case, then why would you be a party to criminal activity & allow banks to invest “counterfeit” money in YOU to buy a home?.
How much gold did YOU pay to buy your house?
“Constitution says the government will only emit credit that is backed by gold & silver.”
Asked & answered; especially, the counterfeiting crap. So the babbling is all yours.
“Competing currencies from the private sector is the option people who work for a living…”
Name one currency that isn’t from the private sector?
As Bernanke told RP, people can diversify their holding of any competing currency they want whether it’s a Euro, a Pound, a Yuan, etc.
So, WTF are you whining about?
“Next you will tell me since the Constitution did not mention the IMF, they too can run US’s monetary system.”
Well, it doesn’t mention YOU, but that doesn’t mean I’m stupid enough to let YOU run the monetary system.
The Constitution doesn’t have to mention the Fed or a gold standard. Congress can enact any law that isn’t unconstitutional& the Supreme Court has upheld the constitutionality of both despite their being as undesirable as YOU are to your mother.
The Constitution doesn’t have to mention the Fed or a gold standard. Congress can enact any law that isn’t unconstitutional & the Supreme Court has upheld the constitutionality of both despite their being as undesirable as YOU are to your mother.
“The founding fathers wrote the constitution…”
They wrote it to keep the Federal government out of debt.
The only reason why the government is in debt is because it borrows PRIVATE currency from private banks when it’s only necessary to issue PUBLIC currency thru the Treasury to pay off debts & expenses to private contractors or public employees.
Unless Treasury foots the bill, States short on revenue, MUST borrow private money & are NEVER debt free until they raise taxes to pay it off.
Like the Fed, state banks are private contractors & not government bodies.
States have only ever chartered (regulated) private currency against private assets but, unlike the Treasury or the Fed, they have never had power to issue notes with claims against the assets of the state. Therefore, they issue no currency of their own except coin.
Prior to the Civil War, states could buy stock in private banks, but the currency had no debt claims, whatsoever, against the assets of the state.
I don’t know what you are babbling about but RP says follow the constitution. Constitution says the government will only emit credit that is backed by gold & silver.
Competing currencies from the private sector is the option people who work for a living have if they so choose. It lets the people who earn the wealth decide how they wish to preserve their purchasing power, not those who print aka counterfeit it and use govt machinery to offload their losses onto suckers (society).
“check out the clip “RP assualt Ben Bernanke on Parallel Currencies”
This proves RP is nothing but a selective hypocrite.
When it comes to competing currencies, RP makes no mention of the fact that Lincoln & JFK issued debt free, public currency that competed with private currency & while Lincoln’s greenback was fiat, JFK’s certificates were silver.
Because RP has a gold only standard (he’s opposed to bi-metalism) it makes him a bigger hypocrite when it comes to JFK’s monetary policy.
“…where do you come up with the constitution being the enemy of libertarians.”
IArticle 1, Section 8 which gives the Congress the right to impose tariffs in order to provide for the common defense of the country.
Tariffs are laissez-faire kryptonite to a libertarian. Hamilton used them to promote industrialization. The GOP made it central economic policy from 1861 to as late as 1930.
So, you see, anything I pull out of my rear is “constitutionally” superior to anything between your ears.