This discussion assumes that the debt is valid and must be repaid. First it is not valid because it is based on fraud, and second, one cannot pay a debt with a debt. The system is already "magic", so any requirement from the government or federal reserve, will easily be answered with "bankruptcy", whether filed properly or not.
The intrinsic value of money is always determined by its weight and nothing else.
I say, "Great idea!" In fact, I can do that one better! Why not just SAY we created those coins and declare that we paid everyone we owe money with those coins we say we created, and now we have no debt!! Yippee!! The MSM can vomit that out 24/7 for the next month, and then it MUST be true!! Yippee-ki-yo-ki-yay!!! Or, on the other hand, they could simply declare that they have officially paid all their debts VIRTUALLY!! And since it has already been determined that we are all moving into a new VIRTUAL WORLD, as of, let's see, NOW!! ... well, then, Virtually becomes Reality!! Yee-haw!!! All debts cancelled!!!!!
Massive inflation is great for the massively indebted. There is nothing they can do to keep people in debt of any kind in this situation. Jubilee is the natural outcome of a system of debt and money debasement. The formation of a new monetary system is the attempt to value (or roll over) current debt, and it's going to fail. It's unclear who will own the houses when the banks collapse, and how your house will be valued. There will be some kind of market for real estate but it won't make sense to think of a dollar value.
Nobel prizes have LOST their "intrinstic" value if Obama and now this economist received one.
Looking at the chart that shows what it costs to mint the different coins...don't mint the penny, nickel, dime products can't cost $0.99 anymore for example. Maslow's Hierachy {sic} of Needs: 1) shelter, 2) food, etc., if economy, banks hits the skids...I will be able to trade a couple tomatoes for someone able to crawl under car and do an oil change for me. NOW that tomato has GAINED REAL intrinsic value. Those people living in HOA communities where landscaping is SO important are going to find the little guy measuring how tall you let your grass get or you removing the beautiful bushes to plant veggies is going to have a fit. My goal is to use the GOD given skill i have which is GROWING plants! I want enough to furnish myself and my daughter w/o waste and the rest will be given away or sometimes bartered, at 72y/o crawling under the car..heh but am i strong enough to twist off filter. I had a gardening conversation w/ a lady, late 20's, she said her father was warning her that she needed to be more self-sufficient by growing a garden b/c of the economy. I invited her out to my house to show her what i do and how i do my gardening. i told her i could give her all my "tricks of the trade" even help her build a raised bed since sounded like she liked in a small yard type of community w/ a patio. I suggested we could put it on the patio but would be better along the edge on the ground. We have GOT TO HELP each other through this and educate, pass on knowledge, to the younger generation and ask them to pass on also. Helping isn't a budget breaker. BTW, the lady is black, not that it matters, it JUST SHOWS the propaganda to cause division among Americans is TOTAL BULLS**T. 'scuse the language.
This administration and the permanent administration that propped it up, will be held responsible for their actions, for this failure. Most all need a millstone for what they have done, even ones who turned a blind eye, knowing what would happen. We are not blameless for not having the for-site as we did in the past. Judgment is coming, but I feel it is like I am speaking to a 5year old who does not listen. Everyone hears it, feels it, but like the pharos of Egypt stands with a stone heart.
"You people" at Badlands are So Brilliant:) I have never had a clue about Economics, and I understood a Bunch of this article! My favorite part, "As long as you trust the Fed, no worries!" Lol:)
What we KNOW is that their goal is digital currency. Therefore, the question becomes, "How does this lead into that?" Push it til it crumbles and then say, "Oh well, guess we have to go digital!" ???
I recall hearing about a rep (I forget her name) from the London School of Economics along with Klaus Schwab of the World Economic Forum and the ceo of BP talking about stakeholder capitalism and carbon credits. All businesses would be “encouraged” to participate and I believe it would be promoted under the umbrella of environmental activism.
Ah, the financial equivalent of the perpetual motion machine: we can get something out of nothing.
Krugman is a moron.
There. I said it.
And has mostly always been.
Mostly? "And has always been." That's more like it. :)
This discussion assumes that the debt is valid and must be repaid. First it is not valid because it is based on fraud, and second, one cannot pay a debt with a debt. The system is already "magic", so any requirement from the government or federal reserve, will easily be answered with "bankruptcy", whether filed properly or not.
The intrinsic value of money is always determined by its weight and nothing else.
The intrinsic value of money is always determined by its weight and the choice/nature of metal it is made of.
Nice take !
I say, "Great idea!" In fact, I can do that one better! Why not just SAY we created those coins and declare that we paid everyone we owe money with those coins we say we created, and now we have no debt!! Yippee!! The MSM can vomit that out 24/7 for the next month, and then it MUST be true!! Yippee-ki-yo-ki-yay!!! Or, on the other hand, they could simply declare that they have officially paid all their debts VIRTUALLY!! And since it has already been determined that we are all moving into a new VIRTUAL WORLD, as of, let's see, NOW!! ... well, then, Virtually becomes Reality!! Yee-haw!!! All debts cancelled!!!!!
Massive inflation is great for the massively indebted. There is nothing they can do to keep people in debt of any kind in this situation. Jubilee is the natural outcome of a system of debt and money debasement. The formation of a new monetary system is the attempt to value (or roll over) current debt, and it's going to fail. It's unclear who will own the houses when the banks collapse, and how your house will be valued. There will be some kind of market for real estate but it won't make sense to think of a dollar value.
Nice concept !
I will tell my bankster about it when I'll have financial distress ...
Then we don’t have to pay anymore taxes. Great!
Nobel prizes have LOST their "intrinstic" value if Obama and now this economist received one.
Looking at the chart that shows what it costs to mint the different coins...don't mint the penny, nickel, dime products can't cost $0.99 anymore for example. Maslow's Hierachy {sic} of Needs: 1) shelter, 2) food, etc., if economy, banks hits the skids...I will be able to trade a couple tomatoes for someone able to crawl under car and do an oil change for me. NOW that tomato has GAINED REAL intrinsic value. Those people living in HOA communities where landscaping is SO important are going to find the little guy measuring how tall you let your grass get or you removing the beautiful bushes to plant veggies is going to have a fit. My goal is to use the GOD given skill i have which is GROWING plants! I want enough to furnish myself and my daughter w/o waste and the rest will be given away or sometimes bartered, at 72y/o crawling under the car..heh but am i strong enough to twist off filter. I had a gardening conversation w/ a lady, late 20's, she said her father was warning her that she needed to be more self-sufficient by growing a garden b/c of the economy. I invited her out to my house to show her what i do and how i do my gardening. i told her i could give her all my "tricks of the trade" even help her build a raised bed since sounded like she liked in a small yard type of community w/ a patio. I suggested we could put it on the patio but would be better along the edge on the ground. We have GOT TO HELP each other through this and educate, pass on knowledge, to the younger generation and ask them to pass on also. Helping isn't a budget breaker. BTW, the lady is black, not that it matters, it JUST SHOWS the propaganda to cause division among Americans is TOTAL BULLS**T. 'scuse the language.
This administration and the permanent administration that propped it up, will be held responsible for their actions, for this failure. Most all need a millstone for what they have done, even ones who turned a blind eye, knowing what would happen. We are not blameless for not having the for-site as we did in the past. Judgment is coming, but I feel it is like I am speaking to a 5year old who does not listen. Everyone hears it, feels it, but like the pharos of Egypt stands with a stone heart.
WOW ! That's a numismatist.
*
Ralph: Ok, heads I win, tails you lose. It's tails...you lose.
Norton: Whoa whoa whoa, wait a second there Ralph.
Ralph: [sheepishly] What?
Norton: Gim-me-back-my-kern.
"You people" at Badlands are So Brilliant:) I have never had a clue about Economics, and I understood a Bunch of this article! My favorite part, "As long as you trust the Fed, no worries!" Lol:)
What we KNOW is that their goal is digital currency. Therefore, the question becomes, "How does this lead into that?" Push it til it crumbles and then say, "Oh well, guess we have to go digital!" ???
I recall hearing about a rep (I forget her name) from the London School of Economics along with Klaus Schwab of the World Economic Forum and the ceo of BP talking about stakeholder capitalism and carbon credits. All businesses would be “encouraged” to participate and I believe it would be promoted under the umbrella of environmental activism.
Preposterous
He wouldn't have all those "credentials", etc. if not for his wife's $$$$...IMO
Your "Wall Street Silver" link doesn't work
NEWS TITLES TELL A DIFFERENT WORSE STORY!
WE ARE BROKE, WE HAVE BEEN DIVIDED AND LIED TO BY BIDEN, AND MSM,
https://gailhonadle.substack.com/p/news-titles-tell-a-different-worse?sd=pf