Trump: “I am the king of debt. I love debt"!

[singular_me]

Thanks Trump for being outspoken about it.
----------------------------------------------
Trump’s take on debt repayment raises eyebrows
Republican presidential candidate wants to ‘do a deal’ with US creditors
May 6, 2016
Donald Trump is stirring bewilderment over the economic policies he would pursue as president by raising doubts over the traditionally cast iron assurance that the US will repay its sovereign debt.

After emerging this week as the Republican party’s presumptive presidential nominee, Mr Trump turned his attention to the guarantees that have made US government debt an ultra-safe linchpin of the global financial system.

The Manhattan billionaire declared that “I am the king of debt. I love debt. I love playing with it”, and ruffled economists by suggesting that the US could “do discounting” in the $14tn government bond market.

“I would borrow knowing that if the economy crashed, you could make a deal. And if the economy was good it was good, so therefore, you can’t lose,” he told CNBC television.

Mr Trump’s assertion raised more questions than it answered and added to confusion about how he could square his pledges to reduce the US national debt with slashing taxes and increasing public spending. ....................


Mr Trump said he was not proposing to renegotiate existing bonds, a move that would rock international markets. But he saw potential to buy back and refinance US Treasury bills — a benchmark for global asset prices — at lower interest rates over longer durations.

“We owe so much money,” he said, alluding to the $19tn US national debt. “Nobody talks about it. Nobody talks about it until the bubble pops and the bubble could pop. And it could pop and it could be ugly.”

“Depending on where interest rates are I think you can buy back [debt]. I’m not talking about with a renegotiation, but you can buy back at discounts. You can do things with discounts.”

Alluding to Mr Trump’s pre-existing pledges to cut taxes and boost spending, Diane Swonk of DS Economics said: “If you [refinanced debt] in the context of blowing up the deficit, how would the market react? It is not rooted in reality.”

Stephen Myrow, a former Treasury official at Beacon Policy Advisors, said extending the current average maturity of debt was not a bad idea, but he decried Mr Trump’s “off-the-cuff” way of addressing such complicated issues.

“With statements like that, it shows that Trump might be better suited to be the leader of Zimbabwe,” Mr Myrow said.

MORE
https://next.ft.com/content/ae30974c-13a6-11e6-bb40-c30e3bfcf63b


------------------------

Sheldon Adelson says he is supporting Donald Trump for the US presidency.

Adelson says Trump 'will be good for Israel.'

Sheldon Adelson Says He Will Support Donald Trump - New York Times‎ / Sheldon Adelson: Donald Trump "will be good for Israel"

Trump has appointed Steven Mnuchin, a former Goldman Sachs executive, to oversee fundraising from Wall Street.

Jewish casino magnate Sheldon Adelson endorses Donald Trump for president - Financial Times‎
http://aanirfan.blogspot.co.uk/2016/05/anti-trump-ads-launched-by-hillary.html

[cheka.]

he's right -- debt is a powerful weapon...thus should only be handled by the wise and competent

[Joshua01]

he's right -- debt is a powerful weapon...thus should only be handled by the wise and competent

I'm much more confident that a successful businessman can deal with the country's debt than a politician IMHO.

Trump is a wildcard but politicians are a well known entity

[Ponce]

If you are in the hole for $5,00 with you bank you are then in the hole......but...... if you have $50o,000 OF THEIR money then they are the one in the hole.......and willing to make a deal with you..........TRUMP CAN DO IT.

V

[7th trump]

Its not the banks money...not one bank in history has ever made money out of thin air as most here believe.

[midnight rambler]

Its not the banks money...not one bank in history has ever made money out of thin air as most here believe.

Being a Bible thumper one would think that 7th trumpstein would get the thing about "just measures and weights" as referenced in the Pentateuch, however it persists in its delusional thinking that the banks deal in 'money'.

There is NO money*!

*money in circulation that is

[7th trump]

Being a Bible thumper one would think that 7th trumpstein would get the thing about "just measures and weights" as referenced in the Pentateuch, however it persists in its delusional thinking that the banks deal in 'money'.

There is NO money*!

*money in circulation that is
Hey idiotic moron...I'm gonna say this once so listen up fool!!
God doesnt tell us that money has to be gold and silver....its nowhere in the Bible.
As far as God is concerned what is to be used as money (can be anything) keep it "just" by weight and measure.

There you go moron.........I fixed it for you.
I guess you're not a Godly person nor "just" going by your senseless post ....but a typical brain washed fool.


Heres another Biblical tidbit!
You can borrow all you want and pay it back, but interest on the borrowed money is not to be attached.


Now lets see if you can prove me wrong about the banks making money out of thin air...they cant and never have.
I'd think from you you'd stay away from challenging me with the Bible and try proving me wrong about banks not ever making money out of thin air....you got your ass kicked by me with the Bible lets see if you're intelligent enough to keep your worthless yap shut about the banks.
Bet you cant...Fool!

[ximmy]

Hey idiotic moron...
There you go moron.........typical brain washed fool.

Heres another Biblical tidbit!
You can borrow all you want and pay it back, but interest on the borrowed money is not to be attached.


You may charge a foreigner interest, but not a fellow Israelite (Deut 23:20)

Who's the moron now?

[Shami-Amourae]

You may charge a foreigner interest, but not a fellow Israelite (Deut 23:20)

Who's the moron now?

http://s32.postimg.org/bgz2ybtph/1440657732510.png

[midnight rambler]

Apparently the dung beetle is absolutely clueless about fractional reserve banking. Big surprise. /s

[midnight rambler]

Being a Bible thumper one would think that 7th trumpstein would get the thing about "just measures and weights" as referenced in the Pentateuch, however it persists in its delusional thinking that the banks deal in 'money'.

There is NO money*!

*money in circulation that is

FWIW, the US Constitution specifies that congress is responsible for "coining money and regulating the value thereof" at the same section regarding congress "setting up a just system of measures and weights" (of course relating to VALUE) BOTH of which are Biblical principles. SURELY these two concepts are very closely linked.

There is NO value in (evidence of) debt, and Federal Reserve Notes are debt on their face. And of course FRNs are NOT 'coined'.

Only a Satan worshiper would deny Biblical principles.

[7th trump]

FWIW, the US Constitution specifies that congress is responsible for "coining money and regulating the value thereof" at the same section regarding congress "setting up a just system of measures and weights" (of course relating to VALUE) BOTH of which are Biblical principles. SURELY these two concepts are very closely linked.

There is NO value in (evidence of) debt, and Federal Reserve Notes are debt on their face. And of course FRNs are NOT 'coined'.

Only a Satan worshiper would deny Biblical principles.

Debt huh?
Prove they are debt.
I dare you.

If a paper dollar is worth 4 quarters, which the quarters happen to be minted by the US Mint, how can the same paper dollar be debt?

[Joshua01]

Debt huh?
Prove they are debt.
I dare you.

If a paper dollar is worth 4 quarters, which the quarters happen to be minted by the US Mint, how can the same paper dollar be debt?

The quarters are made of zinc....worthless as paper

[monty]

Section 16: "The said notes shall be obligations (debt) of the United States . . . ."
United States Revised Statutes at Large Federal Reserve Act Public Law 63-43 63d Congress

https://fraser.stlouisfed.org/scribd/?title_id=966&filepath=/docs/historical/fr_act/nara-dc_rg011_e005b_pl63-43.pdf#scribd-open

https://html2-f.scribdassets.com/5vkag8b9og3ggmrf/images/18-58487f9d55.jpg



https://html1-f.scribdassets.com/5vkag8b9og3ggmrf/images/20-830f0e6081.jpg

[7th trump]

The quarters are made of zinc....worthless as paper

Doesnt matter its minted by the US mint. The argument that these two goons, midnight and Palani, is that reserve notes are worthless debt, but anything minted or printed by the US Treasury is "money" and not debt.
Then they try and go the biblical route which I thump their silly asses up side their head with their silly worthless conspiracy theories.
Then I tell them a Treasury note is worth the same minted coins as any reserve note.
And both these fools can never get over the fact that the banks do not ever just make money out of thin air.
The banks issue money on someone's signature that the US government has to have collateral for.
Sure the banks use fractional banking but that is not making money out of thin air either. Someone has to borrow that money into existence as well.

[7th trump]

Monty the debt is eventually paid off. Midnight and his fool Palani, or is it the other way around, believe and will tell you that it is not paid off. 100% of it never paid off.
How many times have you heard we are at the cusp of just being able to pay off the interest. Well then if thats true then some of it is used to pay off the obligation.
Funny these two goons never really talk about that...reason being is it proves their silly theories are just lies, which now has warped into the falsehood that paper money regardless who prints it is debt and not money at all.
If you were to make a trail of M&M's for these idiots to follow...............THEY'D STILL GET LOST!


With that in mind you can see just how retarded Midnight is with his big and bold red words that say "there is no money"...I mean its like he is trying his best to tell you hes stupid as stupid can be and he'll believe anything that fits his state of mentality.

God did say He'll pour the delusion on the fools...and WOW...has He!!!

[Horn]

If you are in the hole for $5,00 with you bank you are then in the hole......but...... if you have $50o,000 OF THEIR money then they are the one in the hole.......and willing to make a deal with you..........TRUMP CAN DO IT.

V

Good Luck trying to get their money, Ponce.

FED probably generates more dough in emerging market dollar loans than they need to make deals with any 8 year term U.S. mascot.

The economy isn't going to be rebuilt thru more debt that much has already been proven, shaving hairs on nat's ass aint gonna do squwat either.

Deregulation is the only way, and Trump's a regulatory follower, who claims to be a shit stirer. When all past track record has seen the easy score and the art of the weasel deals.

[monty]

Congressman Louis T. McFadden on the floor of the U.S. Congress 1934
http://hiwaay.net/~becraft/mcfadden.html


Money for the Scottish Distillers"Mr. Chairman, if a Scottish distiller wishes to send a cargo of Scotch whiskey to these United States, he can draw his bill against the purchasing bootlegger in dollars and after the bootlegger has accepted it by writing his name across the face of it, the Scotch distiller can send that bill to the nefarious open discount market in New York City where the Fed will buy it and use it as collateral for a new issue of Fed Notes. Thus the Government of these United States pay the Scotch distiller for the whiskey before it is shipped, and if it is lost on the way, or if the Coast Guard seizes it and destroys it, the Fed simply write off the loss and the government never recovers the money that was paid to the Scotch distiller.


"While we are attempting to enforce prohibition here, the Fed are in the distillery business in Europe and paying bootlegger bills with public credit of these United States. "Mr. Chairman, by the same process, they compel our Government to pay the German brewer for his beer. Why should the Fed be permitted to finance the brewing industry in Germany either in this way or as they do by compelling small and fearful United States Banks to take stock in the Isenbeck Brewery and in the German Bank for brewing industries? "Mr. Chairman, if Dynamit Nobel of Germany, wishes to sell dynamite in Japan to use in Manchuria or elsewhere, it can drew its bill against the Japanese customers in dollars and send that bill to the nefarious open discount market in New York City where the Fed will buy it and use it as collateral for a new issue of Fed Notes- while at the same time the Fed will be helping Dynamit Nobel by stuffing its stock into the United States banking system."


"In defiance of this and all other warnings, the proponents of the Fed created the 12 private credit corporations and gave them an absolute monopoly of the currency of these United States- not of the Fed Notes alone- but of all other currency! The Fed Act providing ways and means by which the gold and general currency in the hands of the American people could be obtained by the Fed in exchange for Fed Notes- which are not money- but mere promises to pay."


On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.
The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has
YET TO BE ACTED ON.
So, this ELECTRONIC BOOKLET should be reprinted, reposted,
set up on web pages and circulated far and wide.

[Hitch]

Debt huh?
Prove they are debt.
I dare you.

If a paper dollar is worth 4 quarters, which the quarters happen to be minted by the US Mint, how can the same paper dollar be debt?

The paper dollar is a token of debt. The paper dollar signifies that you, the holder, are entitled to a dollar's worth of goods or services. By holding paper dollars, you become a debt collector. You are owed something, from someone else. A paper dollars says out there somewhere, someone owes you a dollar's worth of goods or services. That's the big scam. What does the Bible say about debt collectors? Maybe look that up, doubt God likes entitled debt collectors. Best own gold and silver if you can. That's the honest 'money' everyone talks about.

There is no money other than gold and silver! Everything else is debt.

Furthermore, the banks create, what you call money, by issuing even more debt. By the books, all they need is you do deposit your debt collecting paper dollars, and they can issue 90% more debt, by holding what you think is money, but really is debt. Debt, to create even more debt, it's this massive bubble that God may just pin prick and burst the whole thing one day.

[monty]

Monty the debt is eventually paid off. Midnight and his fool Palani, or is it the other way around, believe and will tell you that it is not paid off. 100% of it never paid off.
How many times have you heard we are at the cusp of just being able to pay off the interest. Well then if thats true then some of it is used to pay off the obligation.
Funny these two goons never really talk about that...reason being is it proves their silly theories are just lies, which now has warped into the falsehood that paper money regardless who prints it is debt and not money at all.
If you were to make a trail of M&M's for these idiots to follow...............THEY'D STILL GET LOST!


With that in mind you can see just how retarded Midnight is with his big and bold red words that say "there is no money"...I mean its like he is trying his best to tell you hes stupid as stupid can be and he'll believe anything that fits his state of mentality.

God did say He'll pour the delusion on the fools...and WOW...has He!!!

They admit to about 19 trillion dollars debt now . . . . . . There is no money, only a promise to pay you . . . . . Someday! FRN' s are a note, a promise to pay, an IOU to be paid someday

[monty]

Good Luck trying to get their money, Ponce.

FED probably generates more dough in emerging market dollar loans than they need to make deals with any 8 year term U.S. mascot.

The economy isn't going to be rebuilt thru more debt that much has already been proven, shaving hairs on nat's ass aint gonna do squwat either.

Deregulation is the only way, and Trump's a regulatory follower, who claims to be a shit stirer. When all past track record has seen the easy score and the art of the weasel deals.


According to Congressman Louis T. McFadden the FED was costing the United States $100,000,000 per week in 1934.

[ximmy]

The paper dollar is a token of debt. The paper dollar signifies that you, the holder, are entitled to a dollar's worth of goods or services. By holding paper dollars, you become a debt collector. You are owed something, from someone else. A paper dollars says out there somewhere, someone owes you a dollar's worth of goods or services. That's the big scam. What does the Bible say about debt collectors? Maybe look that up, doubt God likes entitled debt collectors. Best own gold and silver if you can. That's the honest 'money' everyone talks about.

There is no money other than gold and silver! Everything else is debt.

Furthermore, the banks create, what you call money, by issuing even more debt. By the books, all they need is you do deposit your debt collecting paper dollars, and they can issue 90% more debt, by holding what you think is money, but really is debt. Debt, to create even more debt, it's this massive bubble that God may just pin prick and burst the whole thing one day.


Good post...

Debt notes payable to the bearer on demand in gold or silver.

http://www.bilderberger.ch/wp-content/uploads/one-silver-dollar-certificate.jpg

http://barrygoldberg.net/photos/coins/Series_1934D_Five_Dollar_Silver_Certificate_Obvers e.jpg

http://www.antiquemoney.com/wp-content/uploads/2013/05/1922-20-Gold-Certificate-Gem-Uncirculated.jpg

[Jewboo]

The paper dollar signifies that you, the holder, are entitled to a dollar's worth of goods or services.... You are owed something, from someone else. A paper dollars says out there somewhere, someone owes you a dollar's worth of goods or services.



http://www.lancescurv.com/wp-content/uploads/2014/04/Food-Stamp.jpg


https://3.bp.blogspot.com/_Q70UnpyOBLg/TQqQ1LKyZQI/AAAAAAAAAxU/4BIQfcMsJAo/s1600/black-woman-attitude.jpg
You OWE me one dolla...sez so right here!

[singular_me]

Its not the banks money...not one bank in history has ever made money out of thin air as most here believe.

are you serious or what?

this requires serious, HARD, evidence...

the banking interests are for sure not made out of thin air but hard sweat and pain for 90% of population.

[midnight rambler]

Good post...

Debt notes payable to the bearer on demand in gold or silver.

http://www.bilderberger.ch/wp-content/uploads/one-silver-dollar-certificate.jpg

http://barrygoldberg.net/photos/coins/Series_1934D_Five_Dollar_Silver_Certificate_Obvers e.jpg

http://www.antiquemoney.com/wp-content/uploads/2013/05/1922-20-Gold-Certificate-Gem-Uncirculated.jpg

Those two pieces of paper are examples of warehouse receipts for hard money.

[midnight rambler]

are you serious or what?

this requires HARD evidence

The dung beetle hasn't the foggiest notion what fractional reserve banking is.

[7th trump]

You may charge a foreigner interest, but not a fellow Israelite (Deut 23:20)

Who's the moron now?

I've learned I have to treat you as a child so I deliberately omitted that. Some people can't register too much info at once.

[Joshua01]

http://www.lancescurv.com/wp-content/uploads/2014/04/Food-Stamp.jpg


https://3.bp.blogspot.com/_Q70UnpyOBLg/TQqQ1LKyZQI/AAAAAAAAAxU/4BIQfcMsJAo/s1600/black-woman-attitude.jpg
You OWE me one dolla...sez so right here!


I hate fat sheboons

[midnight rambler]

Hey dung beetle, banks loan out 'money' (credit) they don't have (as in 'creating money out of thin air') ROUTINELY AS A COMMON PRACTICE -

https://en.wikipedia.org/wiki/Fractional-reserve_banking

[7th trump]

Hey dung beetle, banks loan out 'money' (credit) they don't have (as in 'creating money out of thin air') ROUTINELY AS A COMMON PRACTICE -

https://en.wikipedia.org/wiki/Fractional-reserve_banking
No they dont moron...they cant loan anything or even practice reserve banking until someone signs a loan application.
Good try though...eventually you believe your own lies...which you have. And the kicker is you allowed someone to fool you.
Ha!......you're a fools foolish cuck.

[midnight rambler]

Well dung beetle, a couple of things:

at least you acknowledge that *what passes for money* (i.e. debt) isn't created (out of thin air) unless and until the banksters get some rube(s) to sign (a) 'loan' application(s) -


they cant (sic) loan anything or even practice reserve banking until someone signs a loan application.

And it's good to know you come when you're called dung beetle. lol

[7th trump]

Well dung beetle, a couple of things:

at least you acknowledge that *what passes for money* (i.e. debt) isn't created (out of thin air) unless and until the banksters get some rube(s) to sign (a) 'loan' application(s) -



And it's good to know you come when you're called dung beetle. lol
Hey communist moron....the mere signing of a loan to borrow money doesnt by any means say the paper money is debt. Money is money and buys you many things to the hearts desire....its not the money that is debt....it you having to pay back what you borrowed thats debt.

You should go back to your shit hole 3rd world jewish cesspool you call russia and retake that anti American class...you must have fell a sleep the last time.

Dont kid yourself fool. I dont come running.....I post to correct your silly ass. Which you havent ever won one argument with me. You're melon has a hole when it comes to intellect.

[Hitch]

Which you havent ever won one argument with me.

7th, you can't win arguments on an internet forum. There are no winners or losers, just misguided souls and people seeking an ego boost. Which one are you?

You've been given, no thanks from you, several, many good posts on debt, the definition of true money, fractional reserve banking...you have been schooled, but you refuse to let any of it soak in. You have been on this forum for years, yet your posts show the lack of knowledge a newbie would have...

Money is NOT money, as you believe it to be. You are flawed in your thinking, and you refuse to learn.

[Santa]

Money sure seems to magically disappear into thin air...I'll give it that. :)

[7th trump]

7th, you can't win arguments on an internet forum. There are no winners or losers, just misguided souls and people seeking an ego boost. Which one are you?

You've been given, no thanks from you, several, many good posts on debt, the definition of true money, fractional reserve banking...you have been schooled, but you refuse to let any of it soak in. You have been on this forum for years, yet your posts show the lack of knowledge a newbie would have...

Money is NOT money, as you believe it to be. You are flawed in your thinking, and you refuse to learn.

Hitch are you trying to say that banks make money out of thin air?
If banks could do that then why do they need anyone to exist?

I think you Hitch are not nearly as intelligent as you believe you are.
Show me one bank that can make money out of thin air without doing it through someones signature?
Just one Hitch...just one!

The problem today is you people. Dont blame the banks..blame yourselves. Its you who makes money out thin air when you sign their loan agreements.
Think about it Hitch....I mean really think about it!

[singular_me]

7T, you are splitting hairs for the sake of it. No central bank needs a signature to unleash all our quantitative easing, and if they ever do, it's for the show.

signatures mean nothing at *their* level.

[Joshua01]

7T, you are splitting hairs for the sake of it. No central bank needs a signature to unleash all our quantitative easing, and if they ever do, it's for the show.

signatures mean nothing at *their* level.

I think 7T is right about this. In order for banks to create money out of thin air that money needs to begin to flow. One way it flows is through lending, which requires a signature. If money doesn't have a method of flow, if it doesn't move in some way it can't be created. There are other ways of creating money flowthan lending but that's a big part of it. I think that's 7T's point here

[7th trump]

I think 7T is right about this. In order for banks to create money out of thin air that money needs to begin to flow. One way it flows is through lending, which requires a signature. If money doesn't have a method of flow, if it doesn't move in some way it can't be created. There are other ways of creating money flowthan lending but that's a big part of it. I think that's 7T's point here


Thats exactly what I'm saying. Fractional banking doesn't take place until someone signs for a loan. Otherwise the money just sits there not being fractionalized for other loans.
And if you get serious about fractional banking it doesnt even harm or distort the honest practice of weights and balances.
Its not the banks making the money worthless.....thats done by the fools in government who keep borrowing and borrowing and borrowing and bailing out time after time.

[Hitch]

Thats exactly what I'm saying. Fractional banking doesn't take place until someone signs for a loan. Otherwise the money just sits there not being fractionalized for other loans.

From a self proclaimed biblical man, where is your ethics?

Two important points here:

1) The banks created this fraudulent system to profit and become rich off the backs of others.

2) It requires ignorance, and deception, of the public to survive.

3) You support it. What does God think of your support of criminal activity? If a Nigerian scam artist convinces an old lady to give away her money, do you support that too?

[Horn]

Actually the U. S. Constitution could be considered the fraudulent piece, Hitch.

The peoples response and judgement of the Federal System has been nothing but truely favorable. While their response to the Constitution confused in ignorance and placed to antiquity of disregard.

[Hitch]

Actually the U. S. Constitution could be considered the fraudulent piece, Hitch.

The US Constitution gives the non ignorant, the ability to protect the ignorant. Not profit and destroy them. A person doesn't need to even understand the Constitution to benefit and be protected with it. That's the beauty of the Constitution.

[singular_me]

what I meant is that signatures are kinda like fictional at top level... if the fed reserve says, the country need a shoot of quantitive easing... right the sig of the fed chairman is required. LOL

I call this splitting hairs. Any central bank will flow the market as it sees fit.



I think 7T is right about this. In order for banks to create money out of thin air that money needs to begin to flow. One way it flows is through lending, which requires a signature. If money doesn't have a method of flow, if it doesn't move in some way it can't be created. There are other ways of creating money flowthan lending but that's a big part of it. I think that's 7T's point here

[7th trump]

From a self proclaimed biblical man, where is your ethics?

Two important points here:

1) The banks created this fraudulent system to profit and become rich off the backs of others.

2) It requires ignorance, and deception, of the public to survive.

3) You support it. What does God think of your support of criminal activity? If a Nigerian scam artist convinces an old lady to give away her money, do you support that too?

What fraudulent system are you referring to?
Nothing has changed in the operation of banks since they became legal in the USofA.
On the joesixpack level nothing has changed. You can deposit money and withdraw money and take out loans so tell me what has changed? And what is so fraudulent to deposit, withdraw and take out loans?

Really.....it requires ignorance and deception huh?
You deposit money (not to mention the interest you earn) and withdraw your money any time you desire for what ever reason you desire. You can take out a loan as you desire (if you qualify).
So please tell me wheres the ignorance and deception in banking when it hasnt changed for joesixpack since the day banks became legal?
Where did the banks take advantage of the public when nothing has changed?

Did you not take out a loan for your boat?
Do you feel as if you were taken advantage of since taking out the loan for the boat?

Hitch when you answer them questions please answer me how you were taken advantage of because the banks practice fractional reserve banking?
You got your boat did you not?

And heres another question for you guys. I dont see any difference in fractional reserve banking from gold or silver coinage. What I mean is you all complain that fractional reserve banking is wrong because some of the money is used to make more money on a loan by signiture thus expanding the amount of dollars and there for lowering the value of the dollar.
But digging gold up out of the ground is also expanding the amount of gold used for coinage and thus lowering the value of gold....right?
See any difference?
I dont!

I can go further but before I do I want to read some of the responses because I'm gonna predict right here and now you all are a bunch of biased hypocrites.

[Hitch]

Did you not take out a loan for your boat?
Do you feel as if you were taken advantage of since taking out the loan for the boat?

Back up a second...I paid cash for my boat. No loan. I traded paper for a floating liability, lol. It was an honest transaction. We both lost, haha.

I'll respond to the rest of your post when I feel like it.

[7th trump]

Back up a second...I paid cash for my boat. No loan. I traded paper for a floating liability, lol. It was an honest transaction.

I'll respond to the rest of your post when I feel like it.
Sure...no problem.

[7th trump]

what I meant is that signatures are kinda like fictional at top level... if the fed reserve says, the country need a shoot of quantitive easing... right the sig of the fed chairman is required. LOL

I call this splitting hairs. Any central bank will flow the market as it sees fit.
The banks arent in control of the economy. Remember it was the banks who needed a bailout because of the economy. The banks may have been a part of why the economy went south to cause them to get a bailout. But far more guilty was the government oversight of the loans that turned a blind eye to macmansion buys. I know a few loan officers and they'll tell you it was a lack, or slack, of government regulations that allowed those loans to happen. The banks get the paperwork that says people are approved for a loan....they are blind otherwise.
You want to know who else is to blame for the 2008 melt down.........realtors who sold houses to those who couldnt afford them.

[midnight rambler]

The banks arent in control of the economy. Remember it was the banks who needed a bailout because of the economy.

I'm thinking the dung beetle is trying to set a whole new benchmark for morons. lol

[Hitch]

And heres another question for you guys. I dont see any difference in fractional reserve banking from gold or silver coinage.^^

OK, this ^^ needs to be quoted. This is Grand! Probably quote of the year.

I don't know where to start with this... Do we go to the beginning for a start? How do we even address this?

[Horn]

The US Constitution gives the non ignorant, the ability to protect the ignorant. Not profit and destroy them. A person doesn't need to even understand the Constitution to benefit and be protected with it. That's the beauty of the Constitution.

I think you're a victim of fraud.

hugs, and kisses :)

[7th trump]

^^

OK, this ^^ needs to be quoted. This is Grand! Probably quote of the year.

I don't know where to start with this... Do we go to the beginning for a start? How do we even address this?
So you dont think mining gold is the same thing as printing money?

[midnight rambler]

So you dont think mining gold is the same thing as printing money?

All original wealth comes out of the ground. Duh.

[7th trump]

All original wealth comes out of the ground. Duh.

That's like you. Bring a stick to a gun fight. Material wealth huh?

[7th trump]

I'm thinking the dung beetle is trying to set a whole new benchmark for morons. lol

Apparently there must be a bunch of morons because when I post the view count goes from 20 or 30 to over 500.
You cant even muster 50 on your best day.

Hows that brown nosing rectum sucking working out for you?
Bahahahahaa!

[Neuro]

So you dont think mining gold is the same thing as printing money?

Mining gold is difficult. It is rare and pretty. That's what gives it value. Printing money is easy, the difficulty lies in giving it value.

[Neuro]

Apparently there must be a bunch of morons because when I post the view count goes from 20 or 30 to over 500.
You cant even muster 50 on your best day.

Hows that brown nosing rectum sucking working out for you?
Bahahahahaa!
It's like watching a train wreck...

[palani]

People seem to like to engage with a fantasy world. Reality is too disturbing so they retreat into technicolor. Ostriches do the same when they stick their head in a hole in the ground and pretend they cannot be seen.

When you accept limited liability through a maritime instrument like insurance your feet are leaving the soil. While floating in this fashion and separated from full liability and responsibility different laws control your experience. The same can be said of using paper money.

Where does the trail of debt end? It is called the national debt. When you purchase a boat through a mortgage the paper money created by the mortgage collects in a book called THE ECONOMY and these licensed guys called CPAs come up with a double entry, triple entry or multiple dimensional accounting book to keep track of all the exchanges performed.

Iowa in 1866 instructed their county treasurers to keep two sets of books, one for paper and one for specie. Here ... take a look ... the act is still active and I always instruct the treasurer to put any payment I make into the specie book. Probably not making any friends but they don't disagree ... how can they?

http://oi66.tinypic.com/11v2q7p.jpg