Would they rig an election.....??

[orangetom1999]

I know about what happened in France....they just reworked the laws to take some of the zeros off the currency...it was getting too difficult to keep track of the zeros.
]
Manufactured Inflation.

They did not learn from the post revolution Assignats....versus the gold Louis.

They just repeated the history....or whomever it was who stated about repeating history.

The Franc went the way of the Italian Lire..

Yes, I know you believe our dollar backed with PMs we can't afford would be different. Just how would we buy all those PMs to back the dollar with our devalued dollar.

What I believe in is Limited Government.....Unlimited finances on the part of government by unbacked monies is not limited government.

An Unbacked dollar does not limit the Government penchant for manufacturing inflation....and further buying up huge portions of the economy.

This to the point where the people , over time, become competitors in the only economy out here against government largess.


I have read John Maynard Keynes..."The Economic Consequences of the Peace>" I believe this was done about 1919.

What Keynes quotes about inflation/depreciation is quite startling considering how many times since it has taken place with devastating effects on nations and people.
Talking about history repeating itself.


Oh...by the way........

The reason you back money is because the stuff being used for money is not real money.

Real money never needs backing. Real money is a storehouse of value....paper is not a storehouse of value when government can print or issue ad infinitum....and the Federal Reserve banks will tell you that the government can issue or print unlimited....or if you prefer...borrow unlimited on the government debt.


Orangetom
Not an Ishmaelite

[orangetom1999]

Tugaloo....

From page 2 of this thread...

If paper money did exist before the War of Independence, why are you against it.

also..



I have a publication in my private collection called "Dollar Coin Points" printed by the Federal 'Reserve Bank and trying to introduce the Susan B, Anthony dollar coin.

The very strange thing in this pamphlet is that they are admitting that they get a dollar bill for nearly 2 cents and that on the average a dollar bill...paper note ...lasts on the average six months....

Now remember this publication was describing conditions before and up to the issuance of the Susan B ,Anthony dollar coin.

They claimed the Susan B, Anthony coin would last much longer than the six months of the paper dollar notes.

However....


I have enough acumen to realize that if they get dollar notes for nearly .2 cents per 100 cent note..or dollar....this is a 5000% mark up as we give up one dollar of our labor to get one.

I also have enough acumen to realize that they get 100 dollar bills for the same price......no more paper and no more ink and we give up 100 dollars of our labor to get one....yes????

This Tugaloo....represents a 500,000 % mark up on a 100 dollar bill by someone in the system.


Catching on yet?????

Unbacked paper monies ???? Catching on yet...

Understand why they want to go to digital monies?? Again ...do I need a PHD to understand this.


Explain to me how a government making 500 000 % mark up on a 100 dollar bill could possibly be interested in balancing a budget ???

I understood this way back in the 1980s. under Ronald Reagan.....that they never intended to balance the budget...ever.


Unbacked paper money.....really...????

This is bondage....Ishmael.


All nations are today playing the unbacked paper money game.....and will eventually be conned by their own government excess/largess//inflation.


BE Warned these Ishmaelites,

My Non Ishmaelite .02,
Orangetom

[orangetom1999]

Remember something today Tugaloo.....

It is costing some 15 to 20 cents today to print and issue out a 1 dollar bill.

They are losing money on the paper notes.....big time due to the inflation they are creating .

They are getting bit by their own creation.....

This is the other reason they want to go to digital monies...among other reasons too.


Their 500 000% has drastically fallen too .due to inflation...they are going broke!!! Losing control!!!!!


Ishmaelites run wild!!!!

My non Ishmaelite .02,
Orangetom

[WeltZumerr12]

when it comes to something like digital currency. I'm sure the more informed members of this forum can offer more insight into the matter

[Tugaloo]

We sold a house and the funds were wired from one bank to another. Imagine walking out of a closing carrying 1,000 $100 bills for every $100,000 from the sale?

When I go shopping, the fact most pay with a credit card or a check is obvious. So in a fashion, we already have paperless currency. Add, with CCs or checks is those who spend more money than they have their CC is locked or the checks bounce.

A few banks defaulted because depositors wanted their money.. As banks make a lot of money loaning their depositor's low interest paying money and charging a higher interest to the borrowers.

[orangetom1999]

agree we already have a type of digital currency.....

A few banks defaulted because depositors wanted their money.. As banks make a lot of money loaning their depositor's low interest paying money and charging a higher interest to the borrowers.

Thought it has been awhile ...I think this was called a Fractional Reserve System..

Some tended to call it a Fictional Reserve System.

Add, with CCs or checks is those who spend more money than they have their CC is locked or the checks bounce.

Wondering to myself if this will happen to the Federal Government with the debt talks going on ..

Imagine that ....a Government limited and accountable for it's spending habits.....Wow..!!

No more Absolute Power.....Divine Right of Kings!!!


But also wondering about the chaos it will cause to the nation's economy.


Seems to me the tendency of governments historically is to cut every and anything but government.....


My non Ishmaelite .02,
Orangetom

[Tugaloo]

We store money in banks for a very low interest rate. Banks loan our money to others and charge them a higher interest rate. The problem is after almost all the funds are loaned; if depositors want their money, it's game over.

The right to rule belongs to the elitists with huge amounts of money. Simply because our government is bought and paid for by the rich. American rich or Chinese rich as long as they pay, they can play.

OT. you can focus on kings as we lack monarchy and have crooked easy to buy politicians, I'll focus on them.

[orangetom1999]

Tugaloo....

Correct...

We store money in banks for a very low interest rate. Banks loan our money to others and charge them a higher interest rate. The problem is after almost all the funds are loaned; if depositors want their money, it's game over.

Oh...before I forget...I found this today...and have been wondering when this was coming......

Major Bank Demands Customers Prove Withdrawals Are Valid, Warns Cash Can Be Refused At Will (msn.com)



and about this...

OT. you can focus on kings as we lack monarchy and have crooked easy to buy politicians, I'll focus on them.

I don't see any difference...in what our leadership has become and monarchy..the results are the same.

Also ...historically many governments and their Monarchy have gotten into huge debt to the big money changers/lenders...including the Rothschild family....and that family wound up running many nations and their governments/ monarchies....in secret.

This is a very concealed, covered up history......to be ever concealed and never revealed....


My non Ishmaelite .02,
Orangetom

[Tugaloo]

The major bank is NatWest.

For Cash Withdrawals between £5,000 - £19,999, it is advisable to give us 24 hours notice, particularly is you would like specific denominations.

For Cash Withdrawals over £20,000, we require 3 business days notice.

https://supportcentre.natwest.com/Banking-near-me/Withdrawals/913244082/What-is-the-maximum-amount-I-can-withdraw-from-a-branch.htm

NatWest is Somewhere in England? Anyhow, it's over there and not here. We have enough to worry about here without stressing over NatWest's policies.

OT, I doubted you would see any difference.

As America is in debt for $31.8 trillion, I'd bet no monarch was it debt to the Rothschild family for near that.

https://www.usdebtclock.org

You're worried about everything except your own nation.

[orangetom1999]

Oh no I am not Tugaloo.....

Someone out here is trying to make us like the rest of the world......Subjects and not citizens...,..

To make us conform to the world's beliefs and standards..not Americanism....to make us in second, third, and fourth place in our own nation.....as is being done in the UK and Europe......Ishmaelites. I'd say it is the same Usual Suspects trying to do this to us....as is in the UK and or Europe.

As our economy goes into the crapper...these policies will take place here as well.


Better that I worshipped the demi gods of sports and or the Kardashians...et al...



Orangetom
Not and Ishmaelite.

[Tugaloo]

OT,
In Germany, the police removed Greta Thurnburg and her demonstrators to mine more coal. Every industrial nation in the world uses fossil fuels to create energy to power their economies. America could have easily provided Europe with LNG except Biden shut down a huge Alaskan oil and LNG operation.
"They" are not trying to make us like the rest of the world; "they" are destroying our economy and our nation. "Their" plans are not to make us the same as other nations; judging by "their" actions, we will be unique as in Green, woke and broke.

In Brazil, does anyone believe they stopped burning the forests to grow food? Anyone going believe China, India and others are going to go green? Hell, they ain't that stupid.

I've already posted quite a few links here, try viewing them and clicking on the links.