The End of Social Security (Leaked Evidence Stumps Obama, Stuns Retirees.)

[Ares]

American seniors have been worried about our nation’s ability to continue to pay out Social Security.

As one retirement-bound Los Angeles resident puts it, “The money that I put aside now, it’s not like that money is going to be waiting for me.”

Unfortunately, several leaked reports now confirm that these fears will become an ugly reality, very soon.

Doug Bandow, a former special assistant to President Ronald Reagan, and a senior fellow at the Cato Institute, warns that seniors must plan for “Social Security’s coming crash.”

And in an alarming article, U.S. News & World Report argues that payouts will inevitably end, and says you must learn how to “prepare for the end of Social Security” now.

How could this happen?

As you know, Social Security operates as a classic Ponzi scheme — new contributions are used to pay off earlier contributors.

The problem is twofold: Our government tapped into Social Security savings, and there are not enough new contributors to pay those who already funded the system.

And the problem is worse than any government agency wants to admit.

However, one famous economist, James Dale Davidson, boldly states…

“We could see the end of Social Security as soon as 2016,

and there is nothing President Obama, Congress or

any other government agency can do to stop it.”

Yes, Social Security as we know it could end in 2016.

Before you dismiss Davidson’s warning, know that he has a remarkable track record of calling nearly every major economic shift over the last three decades.

For example, Davidson predicted the stock market collapse of 1999 and 2007, along with the fall of the Soviet Union and Japan’s economic downfall, to name just a few.

And his predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.

So, how can Davidson be so sure that Social Security will end in 2016?

As Davidson explains in a newly released video, “Right now, there are five massive cracks in the American economy’s foundation that are converging for the first time in history. This is a landmark development that I am convinced will trigger the greatest depression we’ve ever seen. Yes, worse than the 1929 Great Depression.”

Davidson’s new video is causing a controversy, not just because of what he says, but because the evidence he provides is irrefutable (he uses over 20 unquestionable charts to prove his point).

“I know that everywhere you turn things look pretty good,” Davidson goes on to say, “The market is near all-time highs, the dollar is strong and real estate is booming again. But remember, the exact same scenario played out in 1999 and 2007. The economy is unraveling right now, and fast. Very fast.”

Davidson warns that a 50% stock market collapse is looming, that “real estate will plummet by 40%, savings accounts will lose 30% and unemployment will triple.”

And although our future may seem bleak, as Davidson says, “There is no need to fall victim to the future. If you are on the right side of what’s ahead, you can seize opportunities that come along once, maybe twice, in a lifetime.”

Indeed, in his video, Davidson reveals what he and his family are doing to prepare right now, and even profit. (It’s unconventional and even controversial, but proven to work.)

While Davidson intended his video for a private audience only, original viewers leaked it out and now tens of thousands are downloading the video every day.

With his permission, I reposted the video below. To start the presentation, simply click on the play button.

video at link: http://thesovereigninvestor.com/exclusives/bthe-end-of-social-security-leaked-evidence-stumps-obama-stuns-retirees/?z=503067

[Ponce]

Snake oil salesman and something that we all already know......

V

[cheka.]

nyc/dc stole the money. now full court press propaganda to not pay it back. and the money is just sitting there...in a different column

[Bigjon]

I remember James Dale davidson who was really wrong about whatever it was he was pushing 20 years back.
I got burned by this hack.

[mamboni]

He didn't mention snake oil

[goldleaf]

Not enough newcomers into the system to pay the retirees is because this country has contracepted and aborted its future. This is why illegal immigrants with phony SS#'s are needed. I really don't think SS will go away though, as they have the printing presses.

[crimethink]

Guys like this are total con artists. He shrieks "Social Security may end as soon as THIS YEAR! Be prepared, hand over your last Social Security checks to me!"

http://thesovereigninvestor.com/premium-content/

[Half Sense]

Social Security mails out roughly $79 Billion per month to individuals. I see no reason why that couldn't continue forever since the money's not real.

[palani]

nyc/dc stole the money. ...the money is just sitting there.

There is no 'spoon' (or) there is no 'money'. If there were there would be a definition for a dollar. Without a definition anything fits.

The goal is not money. It is slavery. Voluntary servitude.

Not that I am a Hitler fan but at least he was honest enough to tattoo numbers on the skin. The social security system tattoos the number on the BRAIN. Which you then voluntary utter whenever an authority figure (actor) asks.

[cheka.]

There is no 'spoon' (or) there is no 'money'. If there were there would be a definition for a dollar. Without a definition anything fits.

The goal is not money. It is slavery. Voluntary servitude.

Not that I am a Hitler fan but at least he was honest enough to tattoo numbers on the skin. The social security system tattoos the number on the BRAIN. Which you then voluntary utter whenever an authority figure (actor) asks.

there is a definition of a US dollar. nyc/dc chooses not to use it at this time

the funding for ss is sitting on the dc balance sheet comingled with 150 trillion (estimated) of assets. the criminals stole the money with the left hand while buying physical assets with the right hand. sell a small fraction of that and put the money back. it is that simple. greenspan did the math and had it lined out....until the theft

the nyc/dc liars never NEVER talk about the swelling balance sheet

[7th trump]

There is no 'spoon' (or) there is no 'money'. If there were there would be a definition for a dollar. Without a definition anything fits.

The goal is not money. It is slavery. Voluntary servitude.

Not that I am a Hitler fan but at least he was honest enough to tattoo numbers on the skin. The social security system tattoos the number on the BRAIN. Which you then voluntary utter whenever an authority figure (actor) asks.

Bahahahahahah....theres no money but just slavery!
Still practicing stupidity and trying to get others to follow.
How many thus far do you have in your little red wagon of stupidity?

[ximmy]

Bahahahahahah....theres no money but just slavery!
Still practicing stupidity and trying to get others to follow.
How many thus far do you have in your little red wagon of stupidity?

Hey 7th Dump... Is it the Russians fault that Social Security is depleted?

[palani]

theres no money but just slavery!

You are where you are by the law of your being.

Can I help it if you have no law?

I can show you the doorway but you are the one who must make the decision to got through.

No skin off my nose if you choose not to.

[Jewboo]

Hey 7th Dump... Is it the Russians fault that Social Security is depleted?



http://img.4plebs.org/boards/pol/image/1469/35/1469351685897.png

[Hitch]

SS is depleted because our own .gov looted it.

Anyone relying on SS is a victim of theft. This is not entitlement. It's outright theft from folks who've paid into it. Give them their money back, period.

Heck, the fed can just print up some fresh frns.

[Joshua01]

Bahahahahahah....theres no money but just slavery!
Still practicing stupidity and trying to get others to follow.
How many thus far do you have in your little red wagon of stupidity?

Hey Grump, go fuck yourself

[7th trump]

Hey 7th Dump... Is it the Russians fault that Social Security is depleted?

Why do you ask me?
Are you intelligent enough to find that on your own?

[7th trump]

Hey Grump, go fuck yourself

Hey looky there....... another douche bag!
This place is full of them.

[7th trump]

SS is depleted because our own .gov looted it.

Anyone relying on SS is a victim of theft. This is not entitlement. It's outright theft from folks who've paid into it. Give them their money back, period.

Heck, the fed can just print up some fresh frns.
No its not out right theft.
If that was the case they would have taken the money without your consent.

[Hitch]

No its not out right theft.
If that was the case they would have taken the money without your consent.

Please tell me where I consented. You are defending these .gov goon thieves. You are defending their crimes.

It IS outright theft. Until you prove otherwise, you are just as big of thief as they are.

[Carl]

~ Heck, the fed can just print up some fresh frns.

The Fed can't "print up" FRNs. Neither the Fed or the banks possess the legal authority to create money, and they don't. What they do create is asset backed PRIVATE debt based credit that has no legal standing as a money, or a currency, or a medium of exchange, and it sure as hell isn't a legal tender.

As for SS being looted; they have more then enough asset collateral to fund SS well into the future, it's just a matter of properly applying the collateral.

By the way, the U.S.G. owns the FRN, it's our debt free Public Money.

[crimethink]

By the way, the U.S.G. owns the FRN, it's our debt free Public Money.

Don't you mean United States Notes? FRNs are most definitely not "debt-free."

[crimethink]

Please tell me where I consented. You are defending these .gov goon thieves. You are defending their crimes.

It IS outright theft. Until you prove otherwise, you are just as big of thief as they are.

When arguing with a fool, be sure he has not started doing the same. In other words, this is only rational approach to 7th chump:

This message is hidden because 7th trump is on your ignore list.

[Carl]

Don't you mean United States Notes? FRNs are most definitely not "debt-free."

FRNs are a debt free monetary unit of account.

MONEY (http://carl-random-thoughts.blogspot.com/)

[palani]

FRNs are a debt free monetary unit of account.

Account is an action of law that is extremely difficult to pursue as a remedy. Account as an element of necessity seemingly needs no proof.

As to the 'debt free' aspect my neighbor might create an IOU and I am indeed debt free. Not so him. We are responsible for our creations.

[woodman]

FRNs are a debt free monetary unit of account.

MONEY (http://carl-random-thoughts.blogspot.com/)

Interesting site. I especially like the music video at the end. I think it can be a very complex subject but in the end it is merely semantics. If it walks, talks and acts like money, then it is money. It may not be defined as money but definitions are always shifting except for their codification in law. Rocks and shells have been a form of money and maybe they will be again. If I make up a story and tell it well and someone gives me a drink and a meal for it, then it is money. They can then take my story and tell it to others for what ever exchange they desire. My story has become a form of payment.

Credit, debt, legal tender, loans, guns, atom bombs, threats, promises, food, ore, oil, gold, frns, government notes; all are forms of barter in the end.

By hook or by crook my friend.

[Carl]

Was it "merely semantics" in 2008 when 100's of banks failed, 1,000's of businesses were bankrupted and millions lost their homes and livelihoods?

And all because people believed their bank's debt to them, was their money.

It's amazing, just how short term people's memory has become. Maybe that's due to the fluoride in their water....

[Bigjon]

Now, we can observe in the Treasury's Legal Tender Status, (a brief synopsis of the Federal Reserve Act) that the Fed must pay for the production of FRN notes, and they must post collateral of equal value to the notes it issues into circulation. (The Fed assets used as the collateral mentioned, have changed to Mortgage Backed Securities and Treasuries.) Also noteworthy is that member banks must buy the notes at face value from the Fed by drawing down their accounts with the Fed and that, Federal Reserve notes represent a first lien on all the assets of the Federal Reserve banks and on the collateral specifically held against them.

If you want to you can think that those frn's are backed, but I wouldn't take any wooden nickels and I would stand as far back as I can and hold my nose to think about all the crap the Fed has put on it's balance sheet.

[palani]

Was it "merely semantics" in 2008 when 100's of banks failed, 1,000's of businesses were bankrupted and millions lost their homes and livelihoods?

Perhaps you don't understand. This is the normal state of a bankrupt.

[crimethink]

FRNs are a debt free monetary unit of account.

MONEY (http://carl-random-thoughts.blogspot.com/)

Is not every "Federal" Reserve Note created into existence as a debt-laden instrument? And if so, how can an FRN be "debt-free"? I'm not concerned about "by law" definitions, but real-world definition; the debt that is owed to the "Federal" Reserve for every dollar simply cannot be extinguished, because one must ask for more created "money" to pay off the interest (e.g., from the discount rate) owed.

[palani]

the debt that is owed to the "Federal" Reserve for every dollar simply cannot be extinguished, because one must ask for more created "money" to pay off the interest (e.g., from the discount rate) owed.
Debt money is borrowed into existence. The failing of the system is that while the principal is borrowed into existence the interest (aka usury) is not borrowed into existence. This leaves any debtor scrambling to find a source to pay off both interest and principal. The end result is wild cycles where this debt money is available and then the supply dries up. This cycle is what controls people ... look for a new job .. .marital disharmony over spending habits... flip houses for money.

[crimethink]

If you want to you can think that those frn's are backed, but I wouldn't take any wooden nickels and I would stand as far back as I can and hold my nose to think about all the crap the Fed has put on it's balance sheet.

You can trust the US Government to honor its promises, just ask an American Indian!

The likely future scenario regarding "full faith & credit of the US Government" will involve extreme devaluation of the "Federal" Reserve Notes to the point that burning them would provide more value than using them. It's the only means to extinguish the realistically-unpayable debt, other than simply repudiate it.

[Carl]

[FONT=Georgia] ~ If you want to you can think that those frn's are backed, but I wouldn't take any wooden nickels and I would stand as far back as I can and hold my nose to think about all the crap the Fed has put on it's balance sheet.

FRNs are backed by their use and acceptance as a medium of exchange and by all the goods and services that they facilitate in exchanges, exactly the same as gold and silver when they were the money.

The Fed holds specific collateral backing the 'note issue', not the notes themselves. FRNs represent a first lien on all the assets of the Federal Reserve Banks.

[Carl]

Is not every "Federal" Reserve Note created into existence as a debt-laden instrument? And if so, how can an FRN be "debt-free"? I'm not concerned about "by law" definitions, but real-world definition; the debt that is owed to the "Federal" Reserve for every dollar simply cannot be extinguished, because one must ask for more created "money" to pay off the interest (e.g., from the discount rate) owed.

No FRNs are not created as a debt-laden instrument. The Federal Reserve isn't "owed" a goddamned thing for their issue, and their is ZERO interest attached to use them.

Go to your bank or local ATM and draw your money out and use it debt free, and that's how the legal tender gets into circulation.

*By the way, all profits obtained by the Fed's monetary activities and surrendered to the Treasury are counted as seigniorage interest payments on the notes issued. In other words, the Fed is paying the Treasury interest on the notes it puts into circulation, and that interest is all of the Fed's profits minus dividend payments and expenses.

[Carl]

You can trust the US Government to honor its promises, just ask an American Indian!

The likely future scenario regarding "full faith & credit of the US Government" will involve extreme devaluation of the "Federal" Reserve Notes to the point that burning them would provide more value than using them. It's the only means to extinguish the realistically-unpayable debt, other than simply repudiate it.

The only government promise/obligation attached to the FRN, it the promise/obligation to provide a monetary unit of account.

As for the "unpayable debt", the U.S.G. is holding over $9.6-Trillion in foreign debt obligations, so it's not gonna 'go bankrupt' any time soon.

[palani]

U.S.G. is holding over $9.6-Trillion in foreign debt obligations, so it's not gonna 'go bankrupt' any time soon.

And THIS is the reason the U.S. is the enemy of all other countries in the world! Economic warfare.

By the way there is nothing in human nature that lets this state of affairs continue ad infinitum. I doubt if it continues for even 10 years. Yet the PERCEPTION that the U.S. is capable of owning anything at all is fairly persistent.

Do some research on the Durham trust of Cherokee, Iowa. Based upon issues backed by gold intended to fund Chilean railways. These bonds when redeemed could fund the entire world 5x over.

http://www.tidefans.com/forums/showthread.php?t=7934

Now consider the reasons why these bonds will never be redeemed.

[7th trump]

And THIS is the reason the U.S. is the enemy of all other countries in the world! Economic warfare.

By the way there is nothing in human nature that lets this state of affairs continue ad infinitum. I doubt if it continues for even 10 years. Yet the PERCEPTION that the U.S. is capable of owning anything at all is fairly persistent.

Do some research on the Durham trust of Cherokee, Iowa. Based upon issues backed by gold intended to fund Chilean railways. These bonds when redeemed could fund the entire world 5x over.

http://www.tidefans.com/forums/showthread.php?t=7934

Now consider the reasons why these bonds will never be redeemed.

No its not!

[7th trump]

No FRNs are not created as a debt-laden instrument. The Federal Reserve isn't "owed" a goddamned thing for their issue, and their is ZERO interest attached to use them.

Go to your bank or local ATM and draw your money out and use it debt free, and that's how the legal tender gets into circulation.

*By the way, all profits obtained by the Fed's monetary activities and surrendered to the Treasury are counted as seigniorage interest payments on the notes issued. In other words, the Fed is paying the Treasury interest on the notes it puts into circulation, and that interest is all of the Fed's profits minus dividend payments and expenses.

Good luck trying to convey intelligence to a bunch of witch hunters!

BTW, you're well within the ranks of those having intelligence. I know..........its scarce!

[7th trump]

FRNs are backed by their use and acceptance as a medium of exchange and by all the goods and services that they facilitate in exchanges, exactly the same as gold and silver when they were the money.

The Fed holds specific collateral backing the 'note issue', not the notes themselves. FRNs represent a first lien on all the assets of the Federal Reserve Banks.

I'm surprised you arent getting flamed for saying such a bastard view.
Yes, FRN's act just like gold and silver.....but some on here are soooo dumbed downed they don't realize it.

The biggest facilitator of dumbing down GSUS is Palani. But then again they all accepted his uncalculated hearsay opinion.

[7th trump]

Debt money is borrowed into existence. The failing of the system is that while the principal is borrowed into existence the interest (aka usury) is not borrowed into existence. This leaves any debtor scrambling to find a source to pay off both interest and principal. The end result is wild cycles where this debt money is available and then the supply dries up. This cycle is what controls people ... look for a new job .. .marital disharmony over spending habits... flip houses for money.

Wrong again.
I cash my pay check every week...thats not borrowed into existence.

[palani]

No its not!
Yep. It is!!!

[palani]

they all accepted his uncalculated hearsay opinion.

I'll match my opinion against your any day of the week.

[palani]

I cash my pay check every week...thats not borrowed into existence.
Where do you think Deere gets the wherewithal to supply your 'cash'?

Someone has to borrow money to purchase a Deere.

[7th trump]

I dont think Deere borrows any money....they make a profit all the time.
Dumb fuck!

[7th trump]

I'll match my opinion against your any day of the week.

Your problem is yours is just hearsay....I at least give court cites or the law as a standing.....you dont!

[7th trump]

Yep. It is!!!

In your fucked up pea brain world it is, but in reality it not!

[palani]

I dont think Deere borrows any money....they make a profit all the time.
Profit among bankrupts is like pride among whores.

Their customers are the ones doing the borrowing. You don't appear to think beyond your limited view in order to support your communist lifestyle.

[palani]

In your fucked up pea brain world it is, but in reality it not!
Your ad hominem is noted and returned. No value detected. No value returned. Story of your pitiful attempts at reason.

[Hitch]

By the way, the U.S.G. owns the FRN, it's our debt free Public Money.

I see what you are saying, but FRN's are borrowed into existance by the .gov. That's how they are created, or "printed" so to speak. So, that makes the FRN debt based public money, not debt free as you say.

We have a system of a debt based currency, FRN, and debt based credit created by the private sector, legally through fractionally reserve banking. That and trillions of dollars worth of "asset" backed debt based derivatives.

So, it's all debt based. Just packaged differently.

That makes FRN's much different than gold and silver backed currencies, which have inherent value. Mankind, we can not make gold and silver. But, cook the books enough just fine with currencies.

[7th trump]

Profit among bankrupts is like pride among whores.

Their customers are the ones doing the borrowing. You don't appear to think beyond your limited view in order to support your communist lifestyle.

How do you know the customers are borrowing?
You're grasping at straws hillary!

[7th trump]

I see what you are saying, but FRN's are borrowed into existance by the .gov. That's how they are created, or "printed" so to speak. So, that makes the FRN debt based public money, not debt free as you say.

We have a system of a debt based currency, FRN, and debt based credit created by the private sector, legally through fractionally reserve banking. That and trillions of dollars worth of "asset" backed debt based derivatives.

So, it's all debt based. Just packaged differently.

That makes FRN's much different than gold and silver backed currencies, which have inherent value. Mankind, we can not make gold and silver. But, cook the books enough just fine with currencies.

What makes gold have any value?
Its the same as what makes frn's have any value. There is no difference at all.

Seriously there is nothing debt based.
FRN's are nothing but a medium of exchange.....just like precious metal.

You can cook the gold and silver books too. Wall street does this every day......so whats your point?

[midnight rambler]

No FRNs are not created as a debt-laden instrument.

Can you read and comprehend plain English?


Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations* of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.

https://www.law.cornell.edu/uscode/text/12/411

*obligations = liabilities = DEBT

A (promissory) note is a debt instrument. Anyone who tries to say otherwise is either willfully ignorant or has an agenda to mislead people.

[Carl]

I see what you are saying, but FRN's are borrowed into existance by the .gov. That's how they are created, or "printed" so to speak. So, that makes the FRN debt based public money, not debt free as you say.
No, FRNs are not borrowed into existence, they are only created to meet the demand for the legal tender by the public. The Fed must post collateral of equal value to the notes it receives and it must pay for the coin at face value. The entirety of any debt obligations associated with the FRN falls squarely upon the Fed and the banking system, not upon the U.S.G. or the public.


We have a system of a debt based currency, FRN, and debt based credit created by the private sector, legally through fractionally reserve banking. That and trillions of dollars worth of "asset" backed debt based derivatives.

No, we have a legal tender monetary system, the debt based credit generated by the Fed, the banks and Wall Street is private, not public and contrary to popular myth, it is not a legal part of the U.S. money supply, and that's the fraud being committed against us, in collusion with the U.S.G..


That makes FRN's much different than gold and silver backed currencies, which have inherent value. Mankind, we can not make gold and silver. But, cook the books enough just fine with currencies.

There is no difference between Legal Tender FRNs and Legal Tender Gold and Silver, money is money and it all functions exactly the same. Its value is in its use and acceptance as a medium of exchange and its worth is in whatever it can buy. That's money.

And the banks did exactly the same when gold and silver were the money (and they did for over 600 years) as they're doing now with the legal tender.

And yes, everyone is free to use the bank's Private line of credit and its debt to them as if it's their money, even though it is intangible, requires the bank's intermediation and permission to use, and only exists for as long as the bank remains solvent. (How anyone can equate that as being "money" defies all logical explanation, especially so when it's gold bugs claiming it.)

[Hitch]

What makes gold have any value?

It's value lies in the fact that we can not create it. We can't make it. Gold just "is" in existence. We have no control over true physical gold, it is beyond us. We can mine it...but that takes labor, and equipment. All that goes into the value of gold, physical gold.

An ounce of physical gold, will always be an ounce, of physical gold. No .gov ever will change that.

I guess you could say gold has value because it's "bigger" than mankind. It's beyond us. You are a bible speaking man, surely you know what God says about gold and silver being honest money, in the bible.

[7th trump]

Can you read and comprehend plain English?



*obligations = liabilities = DEBT

A (promissory) note is a debt instrument. Anyone who tries to say otherwise is either willfully ignorant or has an agenda to mislead people.

You can read but I'm seriously thinking you cant comprehend.

You're under the premise that "liability" is = to debt?
Where did you get this idea from?
Explain why you think "liability" is a debt.
You do understand the role of the US Treasury right?
All the federal reserve did was take over the responsibility of printing dollars.
The treasury cant ask the feds to print one dollar unless the treasury has assets....so moron explain how that is "debt".

[Hitch]

No, FRNs are not borrowed into existence, they are only created to meet the demand for the legal tender by the public. The Fed must post collateral of equal value to the notes it receives and it must pay for the coin at face value. The entirety of any debt obligations associated with the FRN falls squarely upon the Fed and the banking system, not upon the U.S.G. or the public.

If you took every FRN in circulation...would it pay off our .gov debt of over 19 trillion dollars?

If it can't, we have a debt currency.

[midnight rambler]

The hardcore card-carrying Communist dung beetle/Killery supporter proves once again he has very poor comprehension skills and is unable to process* that 'obligation' = liability and that a promissory note is a debt instrument. lol

*or perhaps more likely the dung beetle is pushing a Communist agenda of some sort? perhaps he's a Soros errand boy

[7th trump]

It's value lies in the fact that we can not create it. We can't make it. Gold just "is" in existence. We have no control over true physical gold, it is beyond us. We can mine it...but that takes labor, and equipment. All that goes into the value of gold, physical gold.

An ounce of physical gold, will always be an ounce, of physical gold. No .gov ever will change that.

I guess you could say gold has value because it's "bigger" than mankind. It's beyond us. You are a bible speaking man, surely you know what God says about gold and silver being honest money, in the bible.

Nope.......
Gold is just a metal that someone says has value and enough governments in the past had agreed.

God says nothing about gold and silver being money. You wont find it in the bible at all.
Some what the opposite actually...all God says is keep an honest system of weights and measures. Money as far as God is concerned is anything we so desire.
If we decide money is dirt then God expects us to not cheat by adding sand to the dirt.

[monty]

You can read but I'm seriously thinking you cant comprehend.

You're under the premise that "liability" is = to debt?
Where did you get this idea from?
Explain why you think "liability" is a debt.
You do understand the role of the US Treasury right?
All the federal reserve did was take over the responsibility of printing dollars.
The treasury cant ask the feds to print one dollar unless the treasury has assets....so moron explain how that is "debt".

I believe to keep Federal Reserve Notes somewhat lawful the Tresury Dept. prints them, then sells them to the Federal Reserve for the cost of printing.


Bureau of Engraving and Printing

Bureau of Engraving and Printing
https://upload.wikimedia.org/wikipedia/commons/thumb/e/ed/US-BureauOfEngravingAndPrinting-Seal.svg/140px-US-BureauOfEngravingAndPrinting-Seal.svg.png (https://en.m.wikipedia.org/wiki/File:US-BureauOfEngravingAndPrinting-Seal.svg)Seal of the Bureau of Engraving and Printing



https://upload.wikimedia.org/wikipedia/commons/thumb/f/fd/Flag_of_the_United_States_Department_of_the_Treasu ry.png/220px-Flag_of_the_United_States_Department_of_the_Treasu ry.png (https://en.m.wikipedia.org/wiki/File:Flag_of_the_United_States_Department_of_the_T reasury.png)Flag of the U.S. Department of the Treasury (https://en.m.wikipedia.org/wiki/Symbols_of_the_United_States_Department_of_the_Tre asury)



Agency overview


Formed
August 29, 1862[1] (https://en.m.wikipedia.org/wiki/Bureau_of_Engraving_and_Printing#cite_note-1)


Headquarters
Washington, D.C. (https://en.m.wikipedia.org/wiki/Washington,_D.C.)


Employees
2,169 (2006)


Agency executive


Leonard R. Olijar (https://en.m.wikipedia.org/w/index.php?title=Leonard_R._Olijar&action=edit&redlink=1), Director (https://en.m.wikipedia.org/wiki/Director_of_the_Bureau_of_Engraving_and_Printing)





Parent agency
Department of the Treasury (https://en.m.wikipedia.org/wiki/United_States_Department_of_the_Treasury)


Website
www.MoneyFactory.gov (http://www.moneyfactory.gov/)


The Bureau of Engraving and Printing (BEP) is a government agency (https://en.m.wikipedia.org/wiki/Government_agency) within the United States Department of the Treasury (https://en.m.wikipedia.org/wiki/United_States_Department_of_the_Treasury) that designs and produces a variety of security products for the United States government (https://en.m.wikipedia.org/wiki/Federal_Government_of_the_United_States), most notable of which is Federal Reserve Notes (https://en.m.wikipedia.org/wiki/Federal_Reserve_Note) (paper money) for the Federal Reserve (https://en.m.wikipedia.org/wiki/Federal_Reserve), the nation's central bank. In addition to paper currency (https://en.m.wikipedia.org/wiki/Paper_currency), the BEP produces Treasury securities (https://en.m.wikipedia.org/wiki/United_States_Treasury_security); military commissions (https://en.m.wikipedia.org/wiki/Commissioned_officer) and award certificates; invitations and admission cards; and many different types of identification cards (https://en.m.wikipedia.org/wiki/Identification_card), forms, and other special security documents for a variety of government agencies. The BEP does not produce coins (https://en.m.wikipedia.org/wiki/United_States_coinage); all coinage is produced by the United States Mint (https://en.m.wikipedia.org/wiki/United_States_Mint). With production facilities in Washington, DC (https://en.m.wikipedia.org/wiki/Washington_DC), and Fort Worth, Texas (https://en.m.wikipedia.org/wiki/Fort_Worth,_Texas), the Bureau of Engraving and Printing is the largest producer of government security documents in the United States (https://en.m.wikipedia.org/wiki/United_States_of_America).















https://en.m.wikipedia.org/wiki/Bureau_of_Engraving_and_Printing

[7th trump]

The hardcore card-carrying Communist dung beetle/Killery supporter proves once again he has very poor comprehension skills and is unable to process* that 'obligation' = liability and that a promissory note is a debt instrument. lol

*or perhaps more likely the dung beetle is pushing a Communist agenda of some sort? perhaps he's a Soros errand boy

Wow...did you guys catch that?
Our resident commy (we all know you're a commy sukiofan, your old name says it all) didnt explain why he thinks a liability is a debt.
Anyone with half a brain knows you're just repeating something you heard. You cant explain it and dont. Why is that?
Question....do you always just assume what you hear and read and never question it?

You jump to conclusions all the time...never fact check anything.

[midnight rambler]

I believe to keep Federal Reserve Notes somewhat lawful the Tresury Dept. prints them, then sells them to the Federal Reserve for the cost of printing.

Then the Federal Reserve issues those pieces of paper as debt per 12USC411.

for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose

[7th trump]

If you took every FRN in circulation...would it pay off our .gov debt of over 19 trillion dollars?

If it can't, we have a debt currency.

Wrong analysis...and a perfect example ofwhat gets people confused.

[Hitch]

\
God says nothing about gold and silver being money. You wont find it in the bible at all.

Took me 20 seconds to find this link...

https://www.openbible.info/topics/gold

[7th trump]

Then the Federal Reserve issues those pieces of paper as debt per 12USC411.

12usc 411 has nothing at all to do with anything really.....but just keep using 12usc 411 like all the other morons out there do.

[Hitch]

Wrong analysis...and a perfect example ofwhat gets people confused.

That's not an analysis. That's a fact. If the current FRN's in existence can not pay off our .gov debt, we have a debt based currency.

That's a fact.

[7th trump]

Took me 20 seconds to find this link...

https://www.openbible.info/topics/gold

Awesome dude!
However and unfortunately none of those passages says God tells us that gold and silver must be used as money.
SORRY!

[midnight rambler]

Took me 20 seconds to find this link...

https://www.openbible.info/topics/gold

The reason why measures and weights are mentioned in the Constitution (can't have value for value without just measures and weights, and FRNs have NO value WHATSOEVER, anyone who thinks FRNs have value is being conned - or are Satan's helpers misleading people down the road to Hell) -

http://biblehub.com/deuteronomy/25-15.htm

[7th trump]

That's not an analysis. That's a fact. If the current FRN's in existence can not pay off our .gov debt, we have a debt based currency.

That's a fact.

No it is not.
Let me explain this to you ......if we had gold and silver as money and the government borrowed more than the amount of gold and silver then by your definition....... the gold and silver is debt based money?

Your analysis not mine, I just reversed it!

[7th trump]

The reason why measures and weights are mentioned in the Constitution -

http://biblehub.com/deuteronomy/25-15.htm

AND.........
Do you have a point to make?

I dont think your elementary mind can grasp that the US is still using an honest weight and measure.
The dollar is still worth 100 pennies just as the gold standard dollar is worth 100 pennies.

Now watch this complete moron yap his mouth and say something about inflation.
Clue moron...inflation is not caused by the government or the federal reserve.
The economy causes inflation. The feds try to control it...its not caused by them.
However, I doubt the commy fool has any honesty in him.

[Carl]

If you took every FRN in circulation...would it pay off our .gov debt of over 19 trillion dollars?

If it can't, we have a debt currency.

That's nonsensical. The debt can be paid in legal tender regardless of amount. And the U.S.G. is not in debt by over 19 trillion, more like 6, and it's holding over 9.6 trillion in foreign debt

[midnight rambler]

That's nonsensical. The debt can be paid in legal tender regardless of amount. And the U.S.G. is not in debt by over 19 trillion, more like 6, and it's holding over 9.6 trillion in foreign debt

According to the UCC anyone can discharge ANY debt with a promissory note of their own.

[Carl]

Then the Federal Reserve issues those pieces of paper as debt per 12USC411.

for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose

It's debt for the Federal reserve banks, not the U.S.G. or the public. Federal reserve banks are legally and financially liable for the legal tender, as they rightly should be.

[Hitch]

The debt can be paid in legal tender regardless of amount.

Exactly. The debt can be paid in legal tender "regardless of amount". FRNs created out of thin air.

Basically, money printing pays the debt, or funds the interest on the debt more aptly. You will never hear gold or silver referred in terms "regardless of amount". It's all in ounces, never never in regardless of amount.

[midnight rambler]

It's debt for the Federal reserve banks, not the U.S.G. or the public. Federal reserve banks are legally and financially liable for the legal tender, as they rightly should be.

You persist in ignoring the elephant in the room, i.e. 'legally' FRNs have ONE purpose and ONE purpose ONLY.

[Carl]

According to the UCC anyone can discharge ANY debt with a promissory note of their own.

So? What does that little bit of irrelevancy have to do with the subject of legal tender and U.S.G. debt?

[Carl]

You persist in ignoring the elephant in the room, i.e. 'legally' FRNs have ONE purpose and ONE purpose ONLY.

The elephant is a figment of your imagination and the purpose of the legal tender, is to serve as public money.

[Carl]

Exactly. The debt can be paid in legal tender "regardless of amount". FRNs created out of thin air.

Basically, money printing pays the debt, or funds the interest on the debt more aptly. You will never hear gold or silver referred in terms "regardless of amount". It's all in ounces, never never in regardless of amount.

Hitch, the debt doesn't have to be paid all at once, so it's nothing to fret over. What you should be concerned about is the fact that the Fed has been issuing it's private credit in our name and charging it back to us.

[7th trump]

The elephant is a figment of your imagination and the purpose of the legal tender, is to serve as public money.

Bahahahaha....wingnut rambler getting served!

Yeah you have quite the imagination wingnut.

[palani]

How do you know the customers are borrowing?
Because they are using FRNs.

You don't believe credit comes from nothing do you? Someone (or some thing) had to create it. And if you create ANYTHING you are responsible for that thing forever. So it is with the Federal Reserve. They create credit. They control the credit they create.

Crime and money are closely related. Look for the money connection in any act defined as 'criminal'. Government IS commerce and using a FRN or any fiat money to purchase something that is regulated grants jurisdiction to the government. Any government corporation (as Deere is) follows the policies of its' creator.

Also purchasing anything that is NOT regulated with a FRN also grants jurisdiction to the government. (I didn't want to leave this point out).

[palani]

There is no difference between Legal Tender FRNs and Legal Tender Gold and Silver, money is money and it all functions exactly the same. Its value is in its use and acceptance as a medium of exchange and its worth is in whatever it can buy. That's money.
'Legal tender' is a construction .. .(that is where two or more words are joined together in a phrase and a meaning is assigned to that phrase).

Legal is in opposition to lawful.

Tender is an offer.

You might confuse your law for the law of congress. Granted congress seems to believe a 'legal tender' act is sufficient to make the more delusional people think they are talking about money but they are only talking about what may legally be OFFERED.

An OFFER does not need to be accepted. If your trading pardner chooses to accept them all is well and good. There is no law which says you MUST accept an OFFER.

[palani]

the purpose of the legal tender, is to serve as public money.
The purpose of legal tender is to control you. We might consider all controlled people to be drones. They might also be called 'zombies'.

I talk to dead people all the time. Mostly they don't follow my suggestions though.

[palani]

the debt doesn't have to be paid all at once, so it's nothing to fret over.
The federal debt is $346,681,016. It is fixed by law (congress) at that amount and hasn't changed since 1878. I own $5 of it and that $5 was used to fund the (un)civil war.

But I am patient and am willing to wait for the federal government to return my 1/4 oz of gold in exchange for my $5 note. Should they choose to do this Congress has already issued authority for Treasury to print another $5 note to replaced my redeemed note just so that the debt will remain fixed.

As to the other debt ... that is the national debt rather than the federal debt. E Pluribus Unum. That Unum debt is phenomenal and I am indeed fortunate that I am indivisible and choose not to be joined with dissimilar (bankrupt) things.