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40ouncetofreedom

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Posted by george112

LOL

You are completely missing the point.


The same pepsi and coke products that used to cost cheaper are no longer cheap.

Apply that to all consumer products.


The dollar doesnt go as far as it used to. THAT is my point. Not that nobody can bargain shop




You are way too naive. If you think we will never get overtaken then go on believing that. We are so far in debt its not even funny. For some reason countries still trust the dollar. If we keep on the path were on that confidence will run out. I promise you



When ? It's been argued social security would be gone since like fucking Nixon was president and it's still here..

I can agree the Fed Reserve is a bit of a joke, But the American buck is and will always be number 1...It's not being Naive, it's proven time and time again. It's not comparable to the all baseball cards we bought as kids in the early 90's that were mass produced and not worth shit today. You're naive if you think it's as bad as you want to believe...

BTW, I am a Ron Paul guy, But i don't agree with everything he or any politco head has to say...I do like his old school "fresh" ideas and that's what we need. but i refuse to nitpick everything this country has done...And if google presidential spending by % Obama has spent less than Bush.....Regan was the highest spender over the last 40 years % wise. but it's only natural for each new president to spend more than the last since the start of time.

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Post #31   10/15/13 3:19:18PM   

infestructure

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^^ USA has the 11th strongest currency in the world. No way near number 1.
I'm self employed and a firm believer in earning your way, and it seems some people in this thread seem to think the video is calling for socialism, which is not the case, it is calling for people to look at wealth distribution and to see that the current system is unfair and causes undue problems.

Post #32   10/15/13 4:08:02PM   

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Posted by iwannabesedated


Posted by george112

LOL

You are completely missing the point.


The same pepsi and coke products that used to cost cheaper are no longer cheap.

Apply that to all consumer products.


The dollar doesnt go as far as it used to. THAT is my point. Not that nobody can bargain shop




You are way too naive. If you think we will never get overtaken then go on believing that. We are so far in debt its not even funny. For some reason countries still trust the dollar. If we keep on the path were on that confidence will run out. I promise you



When ? It's been argued social security would be gone since like fucking Nixon was president and it's still here..

I can agree the Fed Reserve is a bit of a joke, But the American buck is and will always be number 1...It's not being Naive, it's proven time and time again. It's not comparable to the all baseball cards we bought as kids in the early 90's that were mass produced and not worth shit today. You're naive if you think it's as bad as you want to believe...

BTW, I am a Ron Paul guy, But i don't agree with everything he or any politco head has to say...I do like his old school "fresh" ideas and that's what we need. but i refuse to nitpick everything this country has done...And if google presidential spending by % Obama has spent less than Bush.....Regan was the highest spender over the last 40 years % wise. but it's only natural for each new president to spend more than the last since the start of time.



Proven time and time again??

Well considering Social Security would have only been around less than 50 years by the time Nixon got in office, id say that's not long enough for it to have played out

The federal reserve is less than 150 years old.

Also its not even a part of the federal government!! Its a PRIVATE corporation that is given the task of printing money out of thin air. Thats what its doing.

Ron Paul is ABSOLUTELY right about what he says about the Fed. Its corrupt and ruined our money. Our money used to be backed by gold and silver. not anymore. Ron Paul PREDICTED the mess we are in today in 1999!!

I love my country i really do, but a majority of what we do is downright shameful. Coercion bribery and mudslinging is all our government in a nutshell.

Listen to Jesse Ventura the guy absolutely knows what he is talking about, its a shame no one takes him serious any more Ron Paul also.

Ron has been warning us about this shit since we got off the gold standard

Last edited 10/15/13 4:23PM server time by George112
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Post #33   10/15/13 4:17:40PM   

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Study of generations of people show why peoples opinions are vastly different. Read up on generation X vs Millenials to see what I am talking about. Combine that with political views, social views, and a broken educations system and you have modern day America.

Post #34   10/15/13 4:35:42PM   

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Posted by infestructure

^^ USA has the 11th strongest currency in the world. No way near number 1.
I'm self employed and a firm believer in earning your way, and it seems some people in this thread seem to think the video is calling for socialism, which is not the case, it is calling for people to look at wealth distribution and to see that the current system is unfair and causes undue problems.



Your Wikipedia Rankings, down-rank US dollar because the calculation is made against a major reserve currency

Hard currency US is #1 and that's what counts.

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Post #35   10/15/13 4:52:45PM   

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Posted by iwannabesedated


Posted by infestructure

^^ USA has the 11th strongest currency in the world. No way near number 1.
I'm self employed and a firm believer in earning your way, and it seems some people in this thread seem to think the video is calling for socialism, which is not the case, it is calling for people to look at wealth distribution and to see that the current system is unfair and causes undue problems.



Your Wikipedia Rankings, down-rank US dollar because the calculation is made against a major reserve currency

Hard currency US is #1 and that's what counts.



Sorry dude can you clarify? Not too sure what you mean in your first sentence

Even if it were #1, it wouldn't change anything about the video. I think there are a few people with axes to grind on this thread who arent even on subject anymore. Oh well, at least I got a thread going

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Post #36   10/15/13 5:25:21PM   

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Posted by infestructure


Posted by iwannabesedated


Posted by infestructure

^^ USA has the 11th strongest currency in the world. No way near number 1.
I'm self employed and a firm believer in earning your way, and it seems some people in this thread seem to think the video is calling for socialism, which is not the case, it is calling for people to look at wealth distribution and to see that the current system is unfair and causes undue problems.



Your Wikipedia Rankings, down-rank US dollar because the calculation is made against a major reserve currency

Hard currency US is #1 and that's what counts.



Sorry dude can you clarify? Not too sure what you mean in your first sentence

Even if it were #1, it wouldn't change anything about the video. I think there are a few people with axes to grind on this thread who arent even on subject anymore.



Our currency is a major reserve currency btw.

Also imo being a hard currency is just a popularity contest. Of course we would win that contest.


But to bring it back on subject. It ABSOLUTELY is not righ. the way the wealth is distributed in this country

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Post #37   10/15/13 5:33:43PM   

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Damn smart phone

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Post #38   10/15/13 5:34:01PM   

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Sorry about the multiple posts.

S3 is acting up

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Post #39   10/15/13 5:35:00PM   

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Posted by infestructure


Posted by iwannabesedated


Posted by infestructure

^^ USA has the 11th strongest currency in the world. No way near number 1.
I'm self employed and a firm believer in earning your way, and it seems some people in this thread seem to think the video is calling for socialism, which is not the case, it is calling for people to look at wealth distribution and to see that the current system is unfair and causes undue problems.



Your Wikipedia Rankings, down-rank US dollar because the calculation is made against a major reserve currency

Hard currency US is #1 and that's what counts.



Sorry dude can you clarify? Not too sure what you mean in your first sentence

Even if it were #1, it wouldn't change anything about the video. I think there are a few people with axes to grind on this thread who arent even on subject anymore.



Our currency is a major reserve currency btw.

Also imo being a hard currency is just a popularity contest. Of course we would win that contest.


But to bring it back on subject. It ABSOLUTELY is not righ. the way the wealth is distributed in this country

_______________________________________
Ron Paul 2016

Post #40   10/15/13 5:36:06PM   

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Posted by george112]

The federal reserve is less than 150 years old.

Also its not even a part of the federal government!! Its a PRIVATE corporation that is given the task of printing money out of thin air. Thats what its doing.

Ron Paul is ABSOLUTELY right about what he says about the Fed. Its corrupt and ruined our money. Our money used to be backed by gold and silver. not anymore. Ron Paul PREDICTED the mess we are in today in 1999!!

I love my country i really do, but a majority of what we do is downright shameful. Coercion bribery and mudslinging is all our government in a nutshell.

Listen to Jesse Ventura the guy absolutely knows what he is talking about, its a shame no one takes him serious any more Ron Paul also.

Ron has been warning us about this shit since we got off the gold standard



1. The Federal Reserve is very much a part of the government, with an incredibly important role. Without the Reserve, and the Act of which it was built upon, there would be no federal currency note.

2. Please read this link:

http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_cw1nNUYOXSAKwrq

Not one of the top economists polled in this project believed that the gold standard was a good idea. Not one. It's a totally archaic system. Ron Paul is not an economist and should stop trying to promote his economic agenda as if he is in the know.

Jesse Ventura is a 9/11 Truther, I don't need to add anything else to that.

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Post #41   10/15/13 8:07:02PM   

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The problem with this video is that it's a propaganda piece. It isn't designed to educate, it's designed to pull people towards a particular agenda.

There is no actual data, and no standard for which to base our opinions on. I don't care if you are conservative or liberal, these types of videos are what is making this country so divisive.

Post #42   10/15/13 8:16:26PM   

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You posted a link to a site where experts speak of a hypothetical scenario

That being- Would the US be better off had they stayed on the Gold Standard


It does not take an expert to see that the economy before we were taken off was better off then it is now.


Now by saying that i am not saying our economy is in the shitter because were are not on the gold standard.




Also to address your Fed comment.




Seriously????? The Fed is a fucking monster. Yeah you're right it is important but thats only because it has been given the power to print money and do with it as it pleases. It prints money then buys US bonds with the money it prints. Further driving the value of the dollar down

You seem very uneducated in what the fed does and what Ron Paul has been arguing for decades.


1. The Federal Reserve is NOT government run. FACT

2. Gold has been used as money for ALL TIME. Yet we Americans come along and since 1932 we have devalued gold.

3. Ron Paul believes the market should determine the value of the dollar, not interest rates or anything like that. Bernanke is a COMPLETE idiot and it doesnt take an expert to see that

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Post #43   10/15/13 8:38:35PM   

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awwww georgie you edited your post

you should have left it like you had it

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Post #44   10/15/13 8:47:07PM   

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I am gonna post something long so please bare with me and educate yourself


#1 The Federal Reserve System Is A Privately Owned Banking Cartel

The Federal Reserve is not a government agency.

The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.

The Federal Reserve openly admits that it is privately owned. When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was "not an agency" of the federal government and therefore not subject to the Freedom of Information Act.

In fact, if you want to find out that the Federal Reserve system is owned by the member banks, all you have to do is go to the Federal Reserve website.

Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system. So it would be accurate to say that the Federal Reserve is partially foreign-owned.

But until the exact ownership shares of the Federal Reserve are revealed, we will never know to what extent the Fed is foreign-owned.

#2 The Federal Reserve System Is A Perpetual Debt Machine

As long as the Federal Reserve System exists, U.S. government debt will continue to go up and up and up.

This runs contrary to the conventional wisdom that Democrats and Republicans would have us believe, but unfortunately it is true.

The way our system works, whenever more money is created more debt is created as well.

For example, whenever the U.S. government wants to spend more money than it takes in (which happens constantly), it has to go ask the Federal Reserve for it. The federal government gives U.S. Treasury bonds to the Federal Reserve, and the Federal Reserve gives the U.S. government "Federal Reserve Notes" in return. Usually this is just done electronically.

So where does the Federal Reserve get the Federal Reserve Notes?

It just creates them out of thin air.

Wouldn't you like to be able to create money out of thin air?

Instead of issuing money directly, the U.S. government lets the Federal Reserve create it out of thin air and then the U.S. government borrows it.

Talk about stupid.

When this new debt is created, the amount of interest that the U.S. government will eventually pay on that debt is not also created.

So where will that money come from?

Well, eventually the U.S. government will have to go back to the Federal Reserve to get even more money to finance the ever expanding debt that it has gotten itself trapped into.

It is a debt spiral that is designed to go on perpetually.

You see, the reality is that the money supply is designed to constantly expand under the Federal Reserve system. That is why we have all become accustomed to thinking of inflation as "normal".

So what does the Federal Reserve do with the U.S. Treasury bonds that it gets from the U.S. government?

Well, it sells them off to others. There are lots of people out there that have made a ton of money by holding U.S. government debt.

In fiscal 2011, the U.S. government paid out 454 billion dollars just in interest on the national debt.

That is 454 billion dollars that was taken out of our pockets and put into the pockets of wealthy individuals and foreign governments around the globe.

The truth is that our current debt-based monetary system was designed by greedy bankers that wanted to make enormous profits by using the Federal Reserve as a tool to create money out of thin air and lend it to the U.S. government at interest.

And that plan is working quite well.

Most Americans today don't understand how any of this works, but many prominent Americans in the past did understand it.

On July 1, 1914 (a few months after the Fed was created) the U.S. national debt was 2.9 billion dollars.

Today, it is more than more than 5000 times larger.

Yes, the perpetual debt machine is working quite well, and most Americans do not even realize what is happening.

#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar

Did you know that the U.S. dollar has lost 96.2 percent of its value since 1900? Of course almost all of that decline has happened since the Federal Reserve was created in 1913.

Because the money supply is designed to expand constantly, it is guaranteed that all of our dollars will constantly lose value.

Inflation is a "hidden tax" that continually robs us all of our wealth. The Federal Reserve always says that it is "committed" to controlling inflation, but that never seems to work out so well.

And current Federal Reserve Chairman Ben Bernanke says that it is actually a good thing to have a little bit of inflation. He plans to try to keep the inflation rate at about 2 percent in the coming years.

So what is so bad about 2 percent? That doesn't sound so bad, does it?

#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability

The American people got so upset about the bailouts that Congress gave to the Wall Street banks and to the big automakers, but did you know that the biggest bailouts of all were given out by the Federal Reserve?

Thanks to a very limited audit of the Federal Reserve that Congress approved a while back, we learned that the Fed made trillions of dollars in secret bailout loans to the big Wall Street banks during the last financial crisis. They even secretly loaned out hundreds of billions of dollars to foreign banks.

According to the results of the limited Fed audit mentioned above, a total of $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010.

The following is a list of loan recipients that was taken directly from page 131 of the audit report....

Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639 trillion

So why haven't we heard more about this?

This is scandalous.

#5 The Federal Reserve Is Paying Banks Not To Lend Money

Did you know that the Federal Reserve is actually paying banks not to make loans?

It is true.

Section 128 of the Emergency Economic Stabilization Act of 2008 allows the Federal Reserve to pay interest on "excess reserves" that U.S. banks park at the Fed.

So the banks can just send their cash to the Fed and watch the money come rolling in risk-free.

So are many banks taking advantage of this?

But shouldn't the banks be lending the money to us so that we can start businesses and buy homes?

You would think that is how it is supposed to work.

Unfortunately, the Federal Reserve is not working for us.

The Federal Reserve is working for the big banks.

Sadly, most Americans have no idea what is going on.

Another example of this is the government debt carry trade.

Here is how it works. The Federal Reserve lends gigantic piles of nearly interest-free cash to the big Wall Street banks, and in turn those banks use the money to buy up huge amounts of government debt. Since the return on government debt is higher, the banks are able to make large profits very easily and with very little risk.

#6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging

By allowing a centralized authority such as the Federal Reserve to dictate interest rates, it creates an environment where financial bubbles can be created very easily.

Over the past several decades, we have seen bubble after bubble. Most of these have been the result of the Federal Reserve keeping interest rates artificially low. If the free market had been setting interest rates all this time, things would have never gotten so far out of hand.

For example, the housing crash would have never been so horrific if the Federal Reserve had not created such ideal conditions for a housing bubble in the first place. But we allow the Fed to continue to make the same mistakes.

Right now, the Federal Reserve continues to set interest rates much, much lower than they should be. This is causing a tremendous misallocation of economic resources, and there will be massive consequences for that down the line.

#7 The Federal Reserve System Is Dominated By The Big Wall Street Banks

Even since it was created, the Federal Reserve system has been dominated by the big Wall Street banks.

#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913

On February 3rd, 1913 the 16th Amendment to the U.S. Constitution was ratified. Later that year, the United States Revenue Act of 1913 imposed a personal income tax on the American people and we have had one ever since.

Without a personal income tax, it is hard to have a central bank. It takes a lot of money to finance all of the government debt that a central banking system creates.

It is no accident that the 16th Amendment was ratified in 1913 and the Federal Reserve system was also created in 1913.

They have a symbiotic relationship and they are designed to work together.

We could fill Congress with people that are committed to ending this oppressive system, but so far we have chosen not to do that.

So our children and our grandchildren will face a lifetime of debt slavery because of us.

I am sure they will be thankful for that.

#9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence

The mainstream media portrays Federal Reserve Chairman Ben Bernanke as a brilliant economist, but is that really the case?

#10 The Federal Reserve Has Become Way Too Powerful

The Federal Reserve is the most undemocratic institution in America.

The Federal Reserve has become so powerful that it is now known as "the fourth branch of government", but there are less checks and balances on the Fed than there are on the other three branches.

The Federal Reserve runs the U.S. economy but it is not accountable to the American people. We can't vote those that run the Fed out of office if we do not like what they do.

Yes, the president appoints those that run the Fed, but he also knows that if he does not tread lightly he won't get the money from the big Wall Street banks that he needs for his next election.

Thankfully, there are a few members of Congress that are complaining about how much power the Fed has. For example, Ron Paul once told MSNBC that he believes that the Federal Reserve is now actually more powerful than Congress....

According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress has been given the responsibility to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures".

So why is the Federal Reserve doing it?

_______________________________________
Ron Paul 2016

Post #45   10/15/13 9:01:28PM   
 
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