Posted on 01/06/2014 5:50:04 PM PST by 2ndDivisionVet
Sorry to hear about your family’s trouble. What are you doing (to prepare) that they wished they’d done? If you don’t mind sharing. Thanks.
Boeing doesn’t give 98% of their earnings to the Treasury.
His book is funny. Full of errors.
That’s why the fed was set up so the government could plunder it’s own people and devalue the dollar 95.8 percent since 1913.The American dollar is worth 4.2 cents today.
Thanks for asking.
See below for information they didn’t have.
Personally, I have virtually NO money in the system, just what I need to meet month-to-month obligations, and substantial debt on purpose.
No way am I wealthy, but at the same time I rather die ‘poor’ than have the blood suckers take the little I have.
Some reading:
http://www.frugalsquirrels.com/
http://ferfal.blogspot.com/
EP
I don’t think so in the least but since you trust your 24/7 lying government that’s up to you but your buying power has vanished in America since 1913 via inflation.Good luck believing in Santa and the government tooth fairy though.
http://www.davemanuel.com/inflation-calculator.php
Maybe you are full of errors and haven’t a clue is the way I see it.
Just always curious what the one piece of advice, by someone who's been affected (personally), would give. Like...I wish I'd bought x% of gold, beans, TP, gas, kept silver dimes, got the heck out of Dodge, etc.
Maybe taking $$ out of the system IS that piece of advice ;-)
Thanks for your reply, elpinta!
Federal Reserve Notes are loaned into existence, no debt, no money. My loan officer wife spends her day “creating” FRNs at the local branch,on her computer screen, as she loans out thousands of fractionally ginned up dollars and then exchanges them for all sorts of things of value! The interest on these notes when created and then serviced by compounding are the “check in the mail” moment there, Todd.
But you knew that, your questions are for the folks here that don’t know that, not me, right? You’re just the guy here on FR that keeps the other side of the argument going.
You're funny and full of errors too. Griffin, is that you?
your buying power has vanished in America since 1913 via inflation.
Don't you hate that when the government does that to you?
Not really,I don’t invest in US dollars and haven’t for 30 years so it doesn’t really matter.There are many ways to pay bills rather than using worthless printed paper as an exchange method.
That's not true at all. I can buy fresh FRNs without a loan in sight.
My loan officer wife spends her day “creating” FRNs at the local branch,on her computer screen, as she loans out thousands of fractionally ginned up dollars
It's true, when you borrow money from your local bank, you've increased the money supply. Without as much as a nod from the Fed. But your wife isn't creating FRNs.
There is NO one piece of advise, BUT it is a matter of what may work for us in our own situation.
Personally, a combination of what you mention works best, plus a number of other options. Mostly, durable goods, I think, is very important, and SOME liquidity too... food, lead and a methods of deployment, transportation, energy, etc.... you know the drill!
Best to all,
EP
But your wife isn’t creating FRNs.
True enough, at the current rate of reserve she creates not much more than dots on the screen, but if the bank’s luck holds out, you will default on your obligation and they can turn the dots into the tangibles that they hold in trust, like your home,car,education, medical procedure, couch, etc, then liquidate said assets to “stronger hands.”
What specie does she create, if not FRNs? How is the bank to be repaid?
Spinning flax into gold, so far only the Fed can do it, anything else is “counterfeit”. heh
As for buying FRNs, they all cost 1.5 pennies each, no matter the face value.
You’re pretty close to the teat, if you can get ‘em for that much.
Why did you say she did?
at the current rate of reserve
Again, in English?
creates not much more than dots on the screen,
When banks make loans, that's all they ever create.
if the bank’s luck holds out, you will default on your obligation and they can turn the dots into the tangibles that they hold in trust, like your home,
You think banks wanted defaulters so they could take homes? In a cratering RE market? Wow!
What specie does she create, if not FRNs?
Unless she runs a printing press, she's not creating FRNs, no matter how deep your confusion.
How is the bank to be repaid?
I pay my mortgage, one month at a time, by check. No FRNs involved there either.
As for buying FRNs, they all cost 1.5 pennies each, no matter the face value.
Sorry, I pay 20 dollars each, for my $20 FRNs.
No loan involved. Good night.
Gosh
Todd, you just ran circles around me did’nt you.
-snicker- (I like snicker on the internet forums, don’t you.)
Goodnight
When you post so many errors, how could I resist?
NOT
Yup.
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