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Can anyone explain to me why the entire world banking system
Posted on 11/21/22 at 3:07 pm
Posted on 11/21/22 at 3:07 pm
Isnt just one gigantic house of cards? Seems like it is all just robbing peter to pay paul...
This post was edited on 11/21/22 at 3:10 pm
Posted on 11/21/22 at 3:18 pm to RoosterCogburn585
You are not protected by your alter. You should quickly dump your credit cards, sell your house, jump off the grid and disappear somewhere near the US Canadian border in probably Minnesota somewhere.
You figured it out..... in reality , you are not far off.
You figured it out..... in reality , you are not far off.
Posted on 11/21/22 at 3:22 pm to RoosterCogburn585
quote:I mean, at some point, you could just say this about civilization in general. But in a world where we at least attempt coordination and civilization, what specifically are you referring to about banks? Did you just watch It's a Wonderful Life?
Can anyone explain to me why the entire world banking system
Isnt just one gigantic house of cards? Seems like it is all just robbing peter to pay paul...
Posted on 11/21/22 at 3:23 pm to RoosterCogburn585
The real issue are the Central Bankers.
Why should we pay the Federal Reserve $650B plus every year to print and borrow money from them?
Constitutionally, our government has the right to print/coin money…. But Woodrow Wilson said no, we’d rather pay the Federal Reserve to print it for us???
Greatest tyranny ever perpetrated against the American people.
Why should we pay the Federal Reserve $650B plus every year to print and borrow money from them?
Constitutionally, our government has the right to print/coin money…. But Woodrow Wilson said no, we’d rather pay the Federal Reserve to print it for us???
Greatest tyranny ever perpetrated against the American people.
This post was edited on 11/21/22 at 3:24 pm
Posted on 11/21/22 at 3:26 pm to RoosterCogburn585
Posted on 11/21/22 at 3:49 pm to RoosterCogburn585
quote:
Isnt just one gigantic house of cards? Seems like it is all just robbing peter to pay paul...
This is it exactly. This is what growth economy ultimately gets us. Funny how people never needed "an economy" before the Great Depression and they all got along fine in life.
All that "stuff" you think you need, do you really need it? No, you don't.
Posted on 11/21/22 at 4:23 pm to RoosterCogburn585
quote:
Seems like it is all just robbing peter to pay paul...
It doesn't even do that. Legal tender does not pay anything off.
Posted on 11/21/22 at 4:33 pm to RoosterCogburn585
The joke is on the rest of the world. We get to sit in air conditioned offices playing Facebook while entire populations of people do real work making our shite. All because our military dates them to sell their oil in anything but dollars. It’s coming to end though. Teach your kids how to work. They or your grandkids’ survival will depend on it.
Posted on 11/21/22 at 4:50 pm to RoosterCogburn585
The entire finanacial system is extremely fragile, and it will break one day.
I know people in the cyber security business, and I am told that nothing is safe, including the financial/banking systems....scary.
I know people in the cyber security business, and I am told that nothing is safe, including the financial/banking systems....scary.
This post was edited on 11/21/22 at 4:53 pm
Posted on 11/21/22 at 4:57 pm to RoosterCogburn585
We want to allow Central Banks to:
a)Have fractional reserve banking i.e. banks can lending money they don't have
b)Have quantitative easing i.e. counterfeiting or the artificial printing of money
c)To repress the amount of interest rates i.e. so we don't have the real cost of money
d)Have deposit guarantees i.e. so when the bank goes broke; the taxpayer picks up the tab
a)Have fractional reserve banking i.e. banks can lending money they don't have
b)Have quantitative easing i.e. counterfeiting or the artificial printing of money
c)To repress the amount of interest rates i.e. so we don't have the real cost of money
d)Have deposit guarantees i.e. so when the bank goes broke; the taxpayer picks up the tab
Posted on 11/21/22 at 5:57 pm to RoosterCogburn585
It would be less fragile if dipshit Gensler would enforce a single fricking trade law. I swear, of all Biden’s failures Gensler has to be the pinnacle of the shite show
Posted on 11/21/22 at 7:03 pm to RoosterCogburn585
It is.
Go listen to Robert Kiyosaki, George Gammon, Jim Rodgers, Peter Schiff,etc..
Hell, even Ray Dalio sorta says it without quite saying it..if you read between the lines.
Go listen to Robert Kiyosaki, George Gammon, Jim Rodgers, Peter Schiff,etc..
Hell, even Ray Dalio sorta says it without quite saying it..if you read between the lines.
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