Bill Bonner's Urgent Message

[JohnQPublic]

Bunk or Funk? Just started:

http://pros.bonnerandpartners.com/1606BBLFALLDWN19/PBBLS912?h=true

-ATMs don't work...
-Credit Cards won't work
-Food supply...

Agora Inc. (https://en.wikipedia.org/wiki/The_Agora)? Hmmm......

The issue is not:
1. Obama
2. currency threat
3. national debt (changed his mind on this)

...as little as $250 billion actual US dollars in circulation?

credit, not real money is what people spend...

credit system is insolvent.

No mention of derivatives yet...

[crimethink]

"If you don't want to die of ignorance, just subscribe to my newsletter for the low, low price of $199 per year!"

https://reports.bonnerandpartners.com/1608BBLRETAIL/WBBLS901/index.htm?pageNumber=2

(Please, no debit cards) <-- not a joke, it actually says that.

[JohnQPublic]

"If you don't want to die of ignorance, just subscribe to my newsletter for the low, low price of $199 per year!"

https://reports.bonnerandpartners.com/1608BBLRETAIL/WBBLS901/index.htm?pageNumber=2

(Please, no debit cards) <-- not a joke, it actually says that.

He just goes on and on, and it is not going anywhere. He still has not mentioned derivatives.

[Twisted Titan]

And he certainley is not going to mention (((them)))) who control the money supply

[crimethink]

And he certainley is not going to mention (((them)))) who control the money supply

He may very well be one of (((them))).

[monty]

"If you don't want to die of ignorance, just subscribe to my newsletter for the low, low price of $199 per year!"

https://reports.bonnerandpartners.com/1608BBLRETAIL/WBBLS901/index.htm?pageNumber=2

(Please, no debit cards) <-- not a joke, it actually says that.

Fifteen years ago Bonner dispenced fairly decent information. The last several years has beem all sales pitch.

[Carl]

Bunk or Funk? Just started:

http://pros.bonnerandpartners.com/1606BBLFALLDWN19/PBBLS912?h=true

-ATMs don't work...
-Credit Cards won't work
-Food supply...

Agora Inc. (https://en.wikipedia.org/wiki/The_Agora)? Hmmm......

The issue is not:
1. Obama
2. currency threat
3. national debt (changed his mind on this)

...as little as $250 billion actual US dollars in circulation?

credit, not real money is what people spend...

credit system is insolvent.

No mention of derivatives yet...

Well, I've been telling you guys this shit for a few years now, I even have a a blog dedicated to it, that I've linked here (http://carl-random-thoughts.blogspot.com/).

All derivatives are fantasy financials, they have no real world value, just as Wall Street has no real world value, it's all Credit Driven.

The only 'money' there is on Wall Street is whatever happens to be in the pockets of the ones who work there.

It's all, PRIVATE BANKSTER DEBT/CREDIT. Not your Legal Tender Money, such that it is.

And everything done by the Fed and the ECB has been done to save their debt driven credit system

[Carl]

Here's a quote from my blog:

Read this carefully:
Congress has specified that a Federal Reserve Bank must hold collateral equal in value to the Federal Reserve notes that the Bank receives. This collateral is chiefly gold certificates and United States securities. This provides backing for the note issue. The idea was that if the Congress dissolved the Federal Reserve System, the United States would take over the notes (Fed liabilities). This would meet the requirements of Section 411 (Federal Reserve Act), but the government would also take over the assets, which would be of equal value. Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.

Do you comprehend that? (I knew you would)

Now, what does the government NOT get in that transaction?

It does not get the Trillions in credit created by the banks and Wall Street!

Why is that you may ask?

Because all that credit created by the banksters and Wall Street IS NOT PART OF THE MONEY SUPPLY!!!

It is because we conflate money with credit, we are living in a bankster's paradise (debt hell for us).

Do you think the banksters give a rat's ass worth of care that their exuberant over expansion of credit drives inflation up and the value of the legal tender down? NO! They just create more credit by having you go further in debt to compensate!

There is no law anywhere that grants to banks the power to create money, not even the Federal Reserve has that power, which is a right retained exclusively by the government via the U.S. Department of the Treasury.

The whole credit system runs on the belief that somebody will eventually pay what is owed.

You don't have to pay Bill Bommer jack shit, I'll tell you the facts for free.

[mamboni]

In 2005 I though we were toast yet here we are finishing 2016 and the system endures. No one can predict how and when this Keynesian experiment will implode. All you can do is prepare for it: tangibles, metals, food and water, guns and ammo, etc.

I continue to convert FRNs to ounces of metal. I suggest all do likewise.

[Carl]

In 2005 I though we were toast yet here we are finishing 2016 and the system endures. No one can predict how and when this Keynesian experiment will implode. All you can do is prepare for it: tangibles, metals, food and water, guns and ammo, etc.

I continue to convert FRNs to ounces of metal. I suggest all do likewise.

mamboni, 98% of all commerce, that's all food, goods and services, the transportation and distribution systems, are all conducted in bankster debt/credit, and when that shit finally collapses, !POOF!, no amount of gold is going to save you.

[mamboni]

mamboni, 98% of all commerce, that's all food, goods and services, the transportation and distribution systems, are all conducted in bankster debt/credit, and when that shit finally collapses, !POOF!, no amount of gold is going to save you.Well, I agree. Can't eat gold. But in all of recorded history men have accepted, even sought gold as money. So gold will fill the credit vacuum left by the collapsed fiat money/credit system. To survive, food, water, medicine, shelter, self-defense etc will be paramount.

[monty]

mamboni, 98% of all commerce, that's all food, goods and services, the transportation and distribution systems, are all conducted in bankster debt/credit, and when that shit finally collapses, !POOF!, no amount of gold is going to save you.



I think one only needs to look at the current situation in Venezuela. To survive such a scenario one needs a location where he can feed himself with a reliable supply of drinking water far away from the starving looting mobs. A non electronically controlled automoblie and a fuel supply would be advisable. Horses and a horse drawn wagon in the event there is no longer fuel available might be wise also.

[madfranks]

So what's the urgent message about Bill's Boner?

[Carl]

Well, I agree. Can't eat gold. But in all of recorded history men have accepted, even sought gold as money. So gold will fill the credit vacuum left by the collapsed fiat money/credit system. To survive, food, water, medicine, shelter, self-defense etc will be paramount.

I can almost guarantee you that the vast majority of those touting 'gold as money', the 0.01%ers, will be long dead before gold ever attains the status of 'money'. That doesn't mean you can't use it in barter, but it will only be worth whatever people are willing to part with for it.

And the current 'fiat' money, the U.S. legal tender, is a separate monetary system from the bankster debt/credit system.

They are only tangentially connected via the bankster reserve requirement and the fact that the 'fiat' is what the banks legally owe to their 'deposit account holders.

[Neuro]

So what's the urgent message about Bill's Boner?

It costs $199.

[mamboni]

And the current 'fiat' money, the U.S. legal tender, is a separate monetary system from the bankster debt/credit system.

Can you expand on this intriguing distinction, with your thoughts on advantages (or disadvantages) of hoarding cash vis-a-vis a monetary system collapse?

[Horn]

It costs $199.

Well u can't say this guy does Not know the universal law of money.

That is there's a sucker born every minute... well if he would remove the 1 so it would be $99 every year he would know it even better.

[Carl]

Can you expand on this intriguing distinction, with your thoughts on advantages (or disadvantages) of hoarding cash vis-a-vis a monetary system collapse?

fiat money: inconvertible paper money made legal tender by a government decree.

Here is the U.S. fiat money, government decree:

31 U.S. Code § 5103 - Legal tender: United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

That, is our Public Money. Our 'Money Property' by law, made so by the Banking Act of 1935.

Now, do you see Fed and bankster generated, asset backed, debt based credit listed in that decree? No you don't. And that means the asset backed, debt based credit generated by the Fed and the banks is not a part of the legal tender monetary system. Their debt based credit system is 100% private and it's owned 100% by the bankster system. (same holds true for the ECB and their debt based credit system, indeed, the entirety of westernized banking) IT IS NOT YOUR MONEY.

The legal tender money is not borrowed, loaned or spent into circulation by either the Fed, banksters or the U.S.G.. The only way it gets into circulation is via public demand for the monetary medium. In other words, you go to your bank or to an ATM and take possession of your property, the legal tender money.

How Currency Gets into Circulation (https://www.newyorkfed.org/aboutthefed/fedpoint/fed01.html)

Here's a common sense exercise for you: Fractional Reserve Banking. What is the money being fractionally reserved and, what is being issued in its stead?

[Carl]

Well u can't say this guy does Not know the universal law of money.

That is there's a sucker born every minute... well if he would remove the 1 so it would be $99 every year he would know it even better.

I can save you the $199, and tell you, and I won't try to sell you bullshit products while doing it.

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

[Jewboo]

In 2005 I though we were toast yet here we are finishing 2016 and the system endures. No one can predict how and when this Keynesian experiment will implode. All you can do is prepare for it: tangibles, metals, food and water, guns and ammo, etc.

I continue to convert FRNs to ounces of metal. I suggest all do likewise.



Bill Bonner still wants 199 of your worthless Federal Reserve Notes today in 2016.

Your local precious metals dealer will still exchange real gold and real silver for your worthless Federal Reserve Notes today in 2016.


:) I agree most with the following:




Well, I agree. Can't eat gold. But in all of recorded history men have accepted, even sought gold as money. So gold will fill the credit vacuum left by the collapsed fiat money/credit system. To survive, food, water, medicine, shelter, self-defense etc will be paramount.

[mamboni]

Bill Bonner still wants 199 of your worthless Federal Reserve Notes today in 2016.

Your local precious metals dealer will still exchange real gold and real silver for your worthless Federal Reserve Notes today in 2016.


:) I agree most with the following:PMs versus FRNs: it's all about the time preference of the individual. For myself, I am swimming in cash and prefer to convert some to PMs today. I am a long term buy and hold investor. I bought my first silver at $7 eleven years ago. So even suppressed silver prices have outperformed any other paper investment such as savings account, bonds and stocks.

FRNs can be produced ad infinitum, can be recalled, and lose purchasing power over time. Gold, silver, platinum, palladium - these are tangibles that cannot become worthless. Today's PM paper price is a commodity price. It is the lowest sustainable price over the long haul. So, I'd rather hold physical metal over FRNs long term.

[Carl]

PMs versus FRNs: it's all about the time preference of the individual. For myself, I am swimming in cash and prefer to convert some to PMs today. I am a long term buy and hold investor. I bought my first silver at $7 eleven years ago. So even suppressed silver prices have outperformed any other paper investment such as savings account, bonds and stocks.

FRNs can be produced ad infinitum, can be recalled, and lose purchasing power over time. Gold, silver, platinum, palladium - these are tangibles that cannot become worthless. Today's PM paper price is a commodity price. It is the lowest sustainable price over the long haul. So, I'd rather hold physical metal over FRNs long term.

I don't trust your use of the word 'cash'. What, exactly, do you mean by "swimming in cash"?

So, you hold commodities under the assumption that you will profit from their sale at some future date?

[mamboni]

I don't trust your use of the word 'cash'. What, exactly, do you mean by "swimming in cash"?

So, you hold commodities under the assumption that you will profit from their sale at some future date?Cash = physical FRNs + bank demand deposits.

[Carl]

Cash = physical FRNs + bank demand deposits.

You do realize that "demand deposits" contain no cash, don't you?

All deposit accounts are credited accounts, bank administered bookkeeping entries that denotes how much of the money in the bank's vault belongs to each account holder.

What is 'fractional reserve banking'?

[Twisted Titan]

Though higlhly unlikely but definately possible.

The use,redemption and value of cash can be altered by the stroke of a pen at anytime they choose.

For them to do any of the following to my physical stash several things have to occur.
1. They have to know about it
2. I have to cooperate with the authorites
3 someone must phyicallly procure it

I control all three of those parameters and none of the others.

Its a no brainer.

[mamboni]

You do realize that "demand deposits" contain no cash, don't you?

All deposit accounts are credited accounts, bank administered bookkeeping entries that denotes how much of the money in the bank's vault belongs to each account holder.

What is 'fractional reserve banking'?Oh Jesus H Christ Carl! Can you not read between my lines. Yes yes I know this; this is the reason I feel urgency to convert my demand deposit quatloos into tangible assets outside the banking system. We are on the same page here. As long as I can call my broker, finalize a contract for X ounces of metal, and pay for it by wire transfer or check, that "bookkeeping entry" is just as good as cash to me.

[7th trump]

Here's a quote from my blog:

Read this carefully:
Congress has specified that a Federal Reserve Bank must hold collateral equal in value to the Federal Reserve notes that the Bank receives. This collateral is chiefly gold certificates and United States securities. This provides backing for the note issue. The idea was that if the Congress dissolved the Federal Reserve System, the United States would take over the notes (Fed liabilities). This would meet the requirements of Section 411 (Federal Reserve Act), but the government would also take over the assets, which would be of equal value. Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.

Do you comprehend that? (I knew you would)

Now, what does the government NOT get in that transaction?

It does not get the Trillions in credit created by the banks and Wall Street!

Why is that you may ask?

Because all that credit created by the banksters and Wall Street IS NOT PART OF THE MONEY SUPPLY!!!

It is because we conflate money with credit, we are living in a bankster's paradise (debt hell for us).

Do you think the banksters give a rat's ass worth of care that their exuberant over expansion of credit drives inflation up and the value of the legal tender down? NO! They just create more credit by having you go further in debt to compensate!

There is no law anywhere that grants to banks the power to create money, not even the Federal Reserve has that power, which is a right retained exclusively by the government via the U.S. Department of the Treasury.

The whole credit system runs on the belief that somebody will eventually pay what is owed.

You don't have to pay Bill Bommer jack shit, I'll tell you the facts for free.

Total bullshit about the first lein.

Theres no proof any lein exists.....just one on a list of many conspiracy theories out there. Only idiots drink that crap up.

Nobody has ever proven it.

Credit is simple another name for "LOAN".
Credit is not paid off by more credit......its paid off by money or collateral.

FRN's are not credit in the sense some morons on this site portrays it as....beware of drunken snake oil salesmen who want you to believe in a conspiracy because they do.

[7th trump]

Oh Jesus H Christ Carl! Can you not read between my lines. Yes yes I know this; this is the reason I feel urgency to convert my demand deposit quatloos into tangible assets outside the banking system. We are on the same page here. As long as I can call my broker, finalize a contract for X ounces of metal, and pay for it by wire transfer or check, that "bookkeeping entry" is just as good as cash to me.

Carl has fallen off the deep end.

[Carl]

Total bullshit about the first lein.

Theres no proof any lein exists.....just one on a list of many conspiracy theories out there. Only idiots drink that crap up.

Nobody has ever proven it.

What a stupid assertion. The congress created the Fed and the legal tender, By Written Law.

The congress can dissolve the Fed and take control of the legal tender, its property, as well as the assets used to back its issue, By Written Law.

And the Fed better have the ratio of collateral to notes exactly 1:1, or the former Fed banks pay the difference.

Legal Tender Status (https://www.treasury.gov/resource-center/faqs/currency/pages/legal-tender.aspx)

[Carl]

Oh Jesus H Christ Carl! Can you not read between my lines. Yes yes I know this; this is the reason I feel urgency to convert my demand deposit quatloos into tangible assets outside the banking system. We are on the same page here. As long as I can call my broker, finalize a contract for X ounces of metal, and pay for it by wire transfer or check, that "bookkeeping entry" is just as good as cash to me.

No, I learned a long time ago not to trust "reading between the lines", especially when discussing the matters of money and credit, and especially so when discussing them with anyone who follows Austrian pseudo-economics, or libertarians.

[Jewboo]

http://oyeeeemedia.com/wp-content/uploads/2015/04/big-5.jpg

If you don't hold it you don't own it............does that apply when you keep PMs in a safety deposit box at the evil jew bank or with an evil jew broker? Begging to be robbed or your children kidnapped if you keep PMs at home.


:) PMs invite robbery just as much as cash.

[mamboni]

http://oyeeeemedia.com/wp-content/uploads/2015/04/big-5.jpg

If you don't hold it you don't own it............does that apply when you keep PMs in a safety deposit box at the evil jew bank or with an evil jew broker? Begging to be robbed or your children kidnapped if you keep PMs at home.


:) PMs invite robbery just as much as cash. Right - so do nothing.

"A slip of a lip can sink a ship."

Thieves need a target to strike. They can't steal it if they don't know about it. Over the years the few stories where private owners were victims of robbery/burglary have a common thread: the owner made his PM ownership rather visable. I call it the Kardashian effect.

BTW, I assume the diamond heist was an inside job.

[crimethink]

Begging to be robbed or your children kidnapped if you keep PMs at home....PMs invite robbery just as much as cash.

You've been watching too many movies.

[osoab]

fiat money: inconvertible paper money made legal tender by a government decree.

Here is the U.S. fiat money, government decree:

31 U.S. Code § 5103 - Legal tender: United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

That, is our Public Money. Our 'Money Property' by law, made so by the Banking Act of 1935.

Now, do you see Fed and bankster generated, asset backed, debt based credit listed in that decree? No you don't. And that means the asset backed, debt based credit generated by the Fed and the banks is not a part of the legal tender monetary system. Their debt based credit system is 100% private and it's owned 100% by the bankster system. (same holds true for the ECB and their debt based credit system, indeed, the entirety of westernized banking) IT IS NOT YOUR MONEY.

The legal tender money is not borrowed, loaned or spent into circulation by either the Fed, banksters or the U.S.G.. The only way it gets into circulation is via public demand for the monetary medium. In other words, you go to your bank or to an ATM and take possession of your property, the legal tender money.

How Currency Gets into Circulation (https://www.newyorkfed.org/aboutthefed/fedpoint/fed01.html)

Here's a common sense exercise for you: Fractional Reserve Banking. What is the money being fractionally reserved and, what is being issued in its stead?

I disagree. The FR owns their notes. They can recall them at any time. If the FR credit system fails, their FRNs won't be worth squat. Just because it is in "Code" doesn't make it so.

[7th trump]

I disagree. The FR owns their notes. They can recall them at any time. If the FR credit system fails, their FRNs won't be worth squat. Just because it is in "Code" doesn't make it so.

No they cant recall them at any time.
They are obligations of the US government....have any clue what that means?

[7th trump]

What a stupid assertion. The congress created the Fed and the legal tender, By Written Law.

The congress can dissolve the Fed and take control of the legal tender, its property, as well as the assets used to back its issue, By Written Law.

And the Fed better have the ratio of collateral to notes exactly 1:1, or the former Fed banks pay the difference.

Legal Tender Status (https://www.treasury.gov/resource-center/faqs/currency/pages/legal-tender.aspx)

Sorry Carl but nothing in there comes remotely close in explaining "first lien".

That only leaves me to ask you what your meaning behind "first lien" may be?

[osoab]

No they cant recall them at any time.
They are obligations of the US government....have any clue what that means?

The government is obligated to use them doesn't mean they will always be around.


Obligated (http://webstersdictionary1828.com/Dictionary/obligated) OB'LIGATED, participle passive Bound by contract or promise.

[7th trump]

The government is obligated to use them doesn't mean they will always be around.

No the government is not obligated to use them.
They are obligations in the sense they act just like treasure notes to purchase items and pay off debt. The government can shut the fed down at any time so your logic is wrong.

[crimethink]

The government can shut the fed down at any time so your logic is wrong.

The government has the constitutional authority to shut down "the Fed" but does not have the power to do so. "The Fed" would "shut down" any individual who made serious progress in trying to do so.

[osoab]

No the government is not obligated to use them.
They are obligations in the sense they act just like treasure notes to purchase items and pay off debt. The government can shut the fed down at any time so your logic is wrong.

read the definition of obligation. you are the one throwing the term around.


Obligation (http://webstersdictionary1828.com/Dictionary/Obligation) OBLIGA'TION, noun [Latin obligatio.]
1. The binding power of a vow, promise, oath or contract, or of law, civil, political or moral, independent of a promise; that which constitutes legal or moral duty, and which renders a person liable to coercion and punishment for neglecting it. The laws and commands of God impose on us an obligation to love him supremely, and our neighbor as ourselves. Every citizen is under an obligation to obey the laws of the state. Moral obligation binds men without promise or contract.


2. The binding force of civility, kindness or gratitude, when the performance of a duty cannot be enforced by law. Favors conferred impose on men an obligation to make suitable returns.


3. Any act by which a person becomes bound to do something to or for another, or to forbear something.


4. In law, a bond with a condition annexed and a penalty for non-fulfillment.






I don't think we use FRNs because it is moral.

[7th trump]

read the definition of obligation. you are the one throwing the term around.



I don't think we use FRNs because it is moral.

It specifically states:

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.

What that specific statement says is that frn's are obligations of the US.....not the federal reserve banks.....for all taxes, customs and other public dues.
They are to act no different than US mint coinage or US notes.

This isnt rocket science and theres no conspiracy in what it says....all the nonsense is from idiots who want to beleive in such Tom foolery.

[7th trump]

The government has the constitutional authority to shut down "the Fed" but does not have the power to do so. "The Fed" would "shut down" any individual who made serious progress in trying to do so.

Doesnt matter what your belief system is. Your opinion is nothing more than pissing in the wind.
If the federal government wants to end the fed and return to a gold standard they can because they have the authority and the power to do so.

Doesnt matter if the crooks whack a few people off to try and stop the government from ending the fed...the matter is the federal government has the authority and power...plain and simple.

[Carl]

Sorry Carl but nothing in there comes remotely close in explaining "first lien".

That only leaves me to ask you what your meaning behind "first lien" may be?

It's not "my" terminology, it is the terminology used by the U.S. Treasury.

First Lien: When a lender is in a first lien position, it means that they are in the first or priority position to benefit from any liquidation of the collateral which secures the loan, in the event that the loan is in default and the property is to be sold.

It is only logical that congress holds "first lien" status over the Federal Reserve, as the U.S. congress created the Federal Reserve.

The U.S.G. owns the legal tender the Fed most post collateral to get.

Also, 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.
https://research.stlouisfed.org/publications/review/92/03/Seigniorage_Mar_Apr1992.pdf

[Carl]

Doesnt matter what your belief system is. Your opinion is nothing more than pissing in the wind.

Says the the man slinging about ignorant opinions and pissing all over the thread.

[Carl]

read the definition of obligation. you are the one throwing the term around.

I don't think we use FRNs because it is moral.

The legal tender in use today is provided as a duty, an obligation of the U.S.G., born from the outlawing and confiscation of gold as money back in 1933. People with and without bank accounts, turned in their gold property and received the legal tender as replacement property. The legal tender system today is an extension of that time. That time has obscured the legal tender's gold origins, existing as the people's property first, makes it no less our property in the present, and the banking system's legal obligation to provide either upon demand or over time, the fruits of our labor as represented by those deposit accounts, our legal tender property.

[7th trump]

Says the the man slinging about ignorant opinions and pissing all over the thread.
What opinions have I mentioned in this thread?

I've just pointed out that what you guys think/believe is the meaning behind "obligation" is isn't at all inline with what 411 is saying.

I guess denial is difficult and a hardship to experience.

[Carl]

What opinions have I mentioned in this thread?

What odd phraseology. It's not a matter of you "mentioning opinions", it's a matter of you "expressing opinions" void of subtense.


I've just pointed out that what you guys think/believe is the meaning behind "obligation" is isn't at all inline with what 411 is saying.

I guess denial is difficult and a hardship to experience.

Enlighten us, what exactly do you believe the word 'obligation' means as it pertains to the U.S.G.'s obligation to provide a public medium of exchange, and how section 411 is relevant to that obligation.

[7th trump]

What odd phraseology. It's not a matter of you "mentioning opinions", it's a matter of you "expressing opinions" void of subtense.



Enlighten us, what exactly do you believe the word 'obligation' means as it pertains to the U.S.G.'s obligation to provide a public medium of exchange, and how section 411 is relevant to that obligation.

I only recited the statute. So-
1. My reciting wasn't an opinion.
2. If you're saying the reciting was an opinion and void of substance then maybe you should go and reread the statute to make sure you understand it. (hint: don't inject any conspiracy or outside influence into its meaning) This is why they define things so not to get it confused with outside influences.

I take the statute for what it is.
If the government handed over the responsibility of money printed to an outside source to replace the US treasury notes (they aren't printed by the Treasury) and to be treated as treasury notes. The obligation wording is needed to express the FRN's are to be treated no differently as any Treasury note in relation to debt, duty's and taxes.
Since the gold standard was suspended then obviously these frns cant be redeemed...not even original gold backed notes can be redeemed if the standard is suspended.
They aren't printed by the US Treasury but are to be used no different than US money so verbage is needed to express this difference.
Spooks want to make a big deal and conspiracy out of nothing. Its an illness that they refuse to see whats right in front of them. Most of them are lazy or too damn stupid to want to think with reasoning.

[Joshua01]

I stopped collecting pictures of dead presidents and started collecting pictures of St Gaudens. Sadly, I lost them all in that tragic boating accident

https://media.giphy.com/media/xLisUdNosHv9K/giphy.gif

[monty]

My interpretation of FRNs being an obligation of the United States The obligation:

The United States, by an Act of Congress is obligated to redeem FRNs on demand in gold at the US Treasury or for lawful money at any Federal Reserve Bank, amended after Roosevelt siezed the nations gold by striking the word gold from the act to Shall be redeemed in lawful money. Not an actual quote of the statute, but from memory.

Edit: It is no different than you being obligated to pay the terms of a contract with the bank for money you borrowed

[Carl]

I only recited the statute. So-
1. My reciting wasn't an opinion.
2. If you're saying the reciting was an opinion and void of substance then maybe you should go and reread the statute to make sure you understand it. (hint: don't inject any conspiracy or outside influence into its meaning) This is why they define things so not to get it confused with outside influences.
You posted one line from a codified paragraph excerpted from Section 16 (http://www.federalreserve.gov/aboutthefed/section16.htm) of the Federal Reserve Act, which is the law, which designates Federal Reserve notes as a liability of the Federal Reserve Banks and are carried as such on the Fed's H.4.1 Report, Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks (http://www.federalreserve.gov/releases/h41/current/)

Everything you've posted before that line and everything you've posted after that line, is your opinion. In other words, your declaration that "I only recited the statute", is a lie.



I take the statute for what it is.
If the government handed over the responsibility of money printed to an outside source to replace the US treasury notes (they aren't printed by the Treasury) and to be treated as treasury notes. The obligation wording is needed to express the FRN's are to be treated no differently as any Treasury note in relation to debt, duty's and taxes.
Since the gold standard was suspended then obviously these frns cant be redeemed...not even original gold backed notes can be redeemed if the standard is suspended.
They aren't printed by the US Treasury but are to be used no different than US money so verbage is needed to express this difference.
Spooks want to make a big deal and conspiracy out of nothing. Its an illness that they refuse to see whats right in front of them. Most of them are lazy or too damn stupid to want to think with reasoning.

The Federal Reserve does not print the money, it gets the money from the Treasury upon posting collateral for the issue, and paying for the note production.

BUREAU OF ENGRAVING AND PRINTING
U.S. Department of the Treasury (http://www.moneyfactory.gov/)

The U.S.G. owns the notes, the Fed is charged with their issue to member banks, which must pay for the notes received, as per Section 16 of the Federal Reserve Act.

[Joshua01]

You posted one line from a codified paragraph excerpted from Section 16 (http://www.federalreserve.gov/aboutthefed/section16.htm) of the Federal Reserve Act, which is the law, which designates Federal Reserve notes as a liability of the Federal Reserve Banks and are carried as such on the Fed's H.4.1 Report, Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks (http://www.federalreserve.gov/releases/h41/current/)

Everything you've posted before that line and everything you've posted after that line, is your opinion. In other words, your declaration that "I only recited the statute", is a lie.




The Federal Reserve does not print the money, it gets the money from the Treasury upon posting collateral for the issue, and paying for the note production.

BUREAU OF ENGRAVING AND PRINTING
U.S. Department of the Treasury (http://www.moneyfactory.gov/)

The U.S.G. owns the notes, the Fed is charged with their issue to member banks, which must pay for the notes received, as per Section 16 of the Federal Reserve Act.

FRN's are simply IOU's you hold from a crazy entity who controls the worth of said IOU. It sucks that we've allowed them to get to this point if you sit down and think about it.

[Carl]

FRN's are simply IOU's you hold from a crazy entity who controls the worth of said IOU. It sucks that we've allowed them to get to this point if you sit down and think about it.

And just WTF is an FRN supposed to owe you????

FRN's are not I.O.U.'s that are payment, final and complete, nothing follows.

[Horn]

And just WTF is an FRN supposed to owe you????

A guarantee that your labor today will be worth the same when not laboring 5 years from tomorrow.

[mamboni]

A guarantee that your labor today will be worth the same when not laboring 5 years from tomorrow.Exactly! Perfect distillate of the key requirement of money: is the FRN a true secure store of value? Let each of us ponder that.

[Carl]

A guarantee that your labor today will be worth the same when not laboring 5 years from tomorrow.

WTF does "labor today" have to do with "not laboring 5 years from tomorrow" and what is it supposed to mean??

Most times I can translate gibberish into something resembling a remark that I can respond to but that, that's just nonsense

[Carl]

Exactly! Perfect distillate of the key requirement of money: is the FRN a true secure store of value? Let each of us ponder that.
How dd you get that out of the gibberish he posted?

Value is subjective and in constant flux, it cannot be "stored". Money's only value is its use and acceptance as a medium of exchange and a unit of account. And, money's only worth is in what it can buy. That holds true regardless the material construct of the monetary medium. In this regard, the legal tender dollar has maintained a consistent value.

As for its link to price inflation over time, the legal tender has caused zero inflation since being made the primary monetary unit of the United States.

[osoab]

It specifically states:


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.

What that specific statement says is that frn's are obligations of the US.....not the federal reserve banks.....for all taxes, customs and other public dues.
They are to act no different than US mint coinage or US notes.

This isnt rocket science and theres no conspiracy in what it says....all the nonsense is from idiots who want to beleive in such Tom foolery.



I believe this is the section you quoted with no citation.



Federal Reserve Act (https://www.federalreserve.gov/aboutthefed/section16.htm)


Section 16. Note Issues

1. Issuance of Federal Reserve notes; nature of obligation; where redeemable

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 hereby 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.

[12 USC 411. As amended by act of Jan. 30, 1934 (48 Stat. 337). For redemption of Federal reserve notes whose bank of issue cannot be identified, see act of June 13, 1933.]


Are the amendments reflected in the section? If so, is there a second class of notes? Why is the lawful section still included?

[osoab]

And just WTF is an FRN supposed to owe you????

FRN's are not I.O.U.'s that are payment, final and complete, nothing follows.

According to Black's 2nd, notes are
"An abstract, a memorandum; an informal statement in writing. Also a negotiable promissory note. See BOUGHT NOTE; JUDGMENT NOTE; PROMISSORY NOTE; SOLD NOTE.

http://blacks.worldfreemansociety.org/2/N/n0831.jpg
http://blacks.worldfreemansociety.org/2/N/n0831.jpg

http://blacks.worldfreemansociety.org/2/n.htm

[Carl]

According to Black's 2nd, notes are

http://blacks.worldfreemansociety.org/2/n.htm

And according to U.S. Law, 'notes' can also be legal tender money.

31 U.S. Code § 5103 - Legal tender: United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

FRN's are not I.O.U.'s that are payment, final and complete, nothing follows.

It's what the U.S.G. owes in final payment of debts, and it's what the banks legally owe to all deposit account holders either upon demand or over time.

[osoab]

And according to U.S. Law, 'notes' can also be legal tender money.

31 U.S. Code § 5103 - Legal tender: United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

FRN's are not I.O.U.'s that are payment, final and complete, nothing follows.

It's what the U.S.G. owes in final payment of debts, and it's what the banks legally owe to all deposit account holders either upon demand or over time.



I believe you are neglecting that notes in this sense can only be promissory in form. Just because the law statute compels FRNs to be accepted for debts, doesn't preclude them from being debts in origin.


Legal tender. That kind of coin, money, or circulating medium which the law compels a creditor to accept in payment of his debt, when tendered by the debtor in the right amount.

http://blacks.worldfreemansociety.org/2/T/t1143.jpg





You posted one line from a codified paragraph excerpted from [B]Section 16 (http://www.federalreserve.gov/aboutthefed/section16.htm) of the Federal Reserve Act, which is the law, which designates Federal Reserve notes as a liability of the Federal Reserve Banks and are carried as such on the Fed's H.4.1 Report, Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks (http://www.federalreserve.gov/releases/h41/current/)

Everything you've posted before that line and everything you've posted after that line, is your opinion. In other words, your declaration that "I only recited the statute", is a lie.




The Federal Reserve does not print the money, it gets the money from the Treasury upon posting collateral for the issue, and paying for the note production.

BUREAU OF ENGRAVING AND PRINTING
U.S. Department of the Treasury (http://www.moneyfactory.gov/)

The U.S.G. owns the notes, the Fed is charged with their issue to member banks, which must pay for the notes received, as per Section 16 of the Federal Reserve Act.

What is the collateral used?

[Carl]

I believe you are neglecting that notes in this sense can only be promissory in form. Just because the law statute compels FRNs to be accepted for debts, doesn't preclude them from being debts in origin.

And I think you're neglecting the fact that the legal tender notes ceased being promissory notes, and became monetary notes, final payment for all debts public and private in 1933.

But if you believe that's wrong, that the notes are promising a payment in another form of money other than the FRNs and US coin, then please point out that other money and the law designating it as such.



What is the collateral used?

The collateral currently used backing the note issue is U.S. Treasuries and Agency Mortgage Backed Securities.

The collateral held by the Fed, backing the notes issue, serves to regulate the Fed's access to the legal tender money.

All interest payments received by the Fed on the securities held, is returned to the Treasury.

*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.

Seigniorage in the United States: (https://research.stlouisfed.org/publications/review/92/03/Seigniorage_Mar_Apr1992.pdf)

[Carl]

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." ~ Henry Ford

I find it puzzling that people attack the legal tender money, their property, after being told that the Fed and bankster generated debt based credit is not a money, not a legal tender, that it is in point of fact, PRIVATELY owned by the banks and it represents the bank's debt to them, yet, people blow that off in favor of arguing against the legal tender.

Over $60-Trillion of bankster generated debt based private credit literally !POOF!ed out of existence during the 2008 financial crises, bankrupting entire nations and 10's of millions of people, ignored.

Puzzling.....

[Horn]

How dd you get that out of the gibberish he posted?

As for its link to price inflation over time, the legal tender has caused zero inflation since being made the primary monetary unit of the United States.

lols @ Carl's ricocheted jibberish...!

[Carl]

lols @ Carl's ricocheted jibberish...!

Monetary expansion always follows follows debt based credit inflation, it never leads.

Ergo; the legal tender has caused zero inflation since being made the primary monetary unit of the United States.

[cheka.]

And I think you're neglecting the fact that the legal tender notes ceased being promissory notes, and became monetary notes, final payment for all debts public and private in 1933.

But if you believe that's wrong, that the notes are promising a payment in another form of money other than the FRNs and US coin, then please point out that other money and the law designating it as such.




The collateral currently used backing the note issue is U.S. Treasuries and Agency Mortgage Backed Securities.

The collateral held by the Fed, backing the notes issue, serves to regulate the Fed's access to the legal tender money.

All interest payments received by the Fed on the securities held, is returned to the Treasury.

*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.

Seigniorage in the United States: (https://research.stlouisfed.org/publications/review/92/03/Seigniorage_Mar_Apr1992.pdf)

BULLSHIT. this is AFTER they've spent everything they want to spend. 47 lear jets, billion dollar art collections, private shooting ranges, fleets of limos....much MUCH more to their fellow tribesmen

the leftover change gets remitted back to treasury. this is a strong case for treasury to takeover fed-- and harvest all of the profits for the public, rather than private interests

[Jewboo]

BULLSHIT. this is AFTER they've spent everything they want to spend. 47 lear jets, billion dollar art collections, private shooting ranges, fleets of limos....much MUCH more to their fellow tribesmen

the leftover change gets remitted back to treasury. this is a strong case for treasury to takeover fed-- and harvest all of the profits for the public, rather than private interests

http://0.tqn.com/d/history1900s/1/L/p/7/buchenwald5.jpg

(((Federal Reserve))) funneled TRILLIONS to these jew parasites. Israel now has a $300+ Billion annual GDP.

[Carl]

BULLSHIT. this is AFTER they've spent everything they want to spend. 47 lear jets, billion dollar art collections, private shooting ranges, fleets of limos....much MUCH more to their fellow tribesmen

the leftover change gets remitted back to treasury. this is a strong case for treasury to takeover fed-- and harvest all of the profits for the public, rather than private interests

No, it's not "bullshit". The Fed returned $98-Billion last year.

WTF are you ranting about???

[cheka.]

No, it's not "bullshit". The Fed returned $98-Billion last year.

WTF are you ranting about???

your lies. they return the spare change AFTER their expenses (which are gigantic and rancid). disappointed you tried to run that b.s. lie by this crowd. on other forums i read your posts with interest. you pulled your panties down tonight, showing who/what you are working for.

carl is a nyc.dc shill. know that.

[7th trump]

your lies. they return the spare change AFTER their expenses (which are gigantic and rancid). disappointed you tried to run that b.s. lie by this crowd. on other forums i read your posts with interest. you pulled your panties down tonight, showing who/what you are working for.

carl is a nyc.dc shill. know that.

I've been accused of many things by forum members as well because I voiced the truth that went against others dogma (brainwashing conspiracy bullshit).

Like I've said many times about people like you...you're freaken dangerous to be around......you'd rather burn the witch than do whats expected of you.

[Carl]

your lies. they return the spare change AFTER their expenses (which are gigantic and rancid). disappointed you tried to run that b.s. lie by this crowd. on other forums i read your posts with interest. you pulled your panties down tonight, showing who/what you are working for.

carl is a nyc.dc shill. know that.

WTF, are you drunk??? I just crushed the Fed and the bankster fraud and theft system, and you accuse me??

Who the fuck are you, you mewling piece of shit. to accuse me?

What the fuck are you doing, running interference for your (((MASTERS)))??

[Jewboo]

(((Federal Reserve))) is never audited. Who can really say where our shekels go?

[Carl]

(((Federal Reserve))) is never audited. Who can really say where our shekels go?

The Government Accountability Office (GAO) conducts numerous reviews of Federal Reserve activities. The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the Office of Inspector General (OIG).

The problem with the audits is that the only look at the figures, they never look at the facts. The figures add up and are correct, the facts are, the Fed and the banking system do not have the legal authority to create the figures and call them "the money supply" or to charge us for it.

[Neuro]

BULLSHIT. this is AFTER they've spent everything they want to spend. 47 lear jets, billion dollar art collections, private shooting ranges, fleets of limos....much MUCH more to their fellow tribesmen

the leftover change gets remitted back to treasury. this is a strong case for treasury to takeover fed-- and harvest all of the profits for the public, rather than private interests

What's a small hundred million dollar bankers bonus for a year of hard work for Satan, when we are talking trillions?

[Horn]

Ergo; the legal tender has caused zero inflation since being made the primary monetary unit of the United States.

Look at THAT!

Carl's doin his Best Fidelity Fiduciary remake-n-rendition...!


https://www.youtube.com/watch?v=XxyB29bDbBA


Now, Michael,
When you deposit tuppence in a bank account
Soon you'll see
That it blooms into credit of a generous amount
Semiannually

[Carl]

Look at THAT!

Carl's doin his Best [COLOR=#000000][FONT=Roboto][SIZE=4]Fidelity Fiduciary remake-n-rendition...!


What's the matter Horn, you pissed I made you look less than informed?

[Carl]

BULLSHIT. this is AFTER they've spent everything they want to spend. 47 lear jets, billion dollar art collections, private shooting ranges, fleets of limos....much MUCH more to their fellow tribesmen
the leftover change gets remitted back to treasury. this is a strong case for treasury to takeover fed-- and harvest all of the profits for the public, rather than private interests

What's a small hundred million dollar bankers bonus for a year of hard work for Satan, when we are talking trillions?

The problem with checka's idiotic comment is that he doesn't understand the Fed system. He believes that the banks and the Fed are one entity. So he blindly lashes out in his ignorence at anything that he perceives as casting a favorable light while totally missing the detremental implications of what was stated that triggered him.

I would expect that you would've grasped the significence of the Fed's profits going torwards paying seigniorage interest payments on the notes issued. But I guess not.

[Neuro]

The problem with checka's idiotic comment is that he doesn't understand the Fed system. He believes that the banks and the Fed are one entity. He understands very well then... Fascinating you don't... Blankfein and Yellen has the same employer.

[7th trump]

He understands very well then... Fascinating you don't... Blankfein and Yellen has the same employer.

I didnt think you had much intelligence Neuro...you just proved it for me.
Carls comment perfectly fits you as well.

Carl is making points that shouldnt be ignored...but I guess your lack of intelligence over runs your abundance of ignorance.

This statement applies to so many so called "awake" on this site.

So he blindly lashes out in his ignorence at anything that he perceives as casting a favorable light while totally missing the detremental implications of what was stated that triggered him.

So so much truth to that statement.

[7th trump]

What's a small hundred million dollar bankers bonus for a year of hard work for Satan, when we are talking trillions?

Which banks are getting the bonus's?
1. The feds or
2. The local banks you borrow from?

[Neuro]

I didnt think you had much intelligence Neuro...you just proved it for me.
Carls comment perfectly fits you as well.

Carl is making points that shouldnt be ignored...but I guess your lack of intelligence over runs your abundance of ignorance.

This statement applies to so many so called "awake" on this site.


So so much truth to that statement.
Looky here Carl! You got some valuable support from the village idiot! ;D

[7th trump]

Looky here Carl! You got some valuable support from the village idiot! ;D

Not only do you continue to confirm your ignorance, but you'd be surprised by how many actually listen to what I say.

You can be in the crowd of idiots who would rather believe in a lie because its easier then the truth that's right before you.
The truth goes down sweet as honey, but comes up bitter. How strong is your ability accept truth?
Apparently not that strong.
If you want to ignore the truth Carl is telling you be my guest. I'm sure Carl is looking at you as I do.
So far you have commy midnight ramble ass, Palani and few others in your "group". They are the most opinionated of unchecked facts.

And they are nothing to brag about...they are the ones with the closed minds that are easily influenced by candy.

[Horn]

What's the matter Horn, you pissed I made you look less than informed?

fiat money is inflationary and begets more inflationary fiat money, in and of its collective/vested self, Michael.

[Carl]

fiat money is inflationary and begets more inflationary fiat money, in and of its collective/vested self, Michael.

There is absolutely no evidence that supports the assertion the U.S. legal tender money (fiat) leads to or is responsible for inflation. None.

Fed and bankster generated asset backed, debt based PRIVATE credit denominated in dollars, is 100% responsible for 100% of all inflation.

[7th trump]

fiat money is inflationary and begets more inflationary fiat money, in and of its collective/vested self, Michael.
Gold and silver backed money is inflationary as well

Y

[Neuro]

Not only do you continue to confirm your ignorance, but you'd be surprised by how many actually listen to what I say.
LOL!

7th trump 7th trump is offline
Iridium
7th trump's Avatar Join Date
Mar 2010
Posts
5,730
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Thanked 457 Times in 340 Posts

You have one of the lowest thanked/post ratios on this forum... ;D

[7th trump]

LOL!

7th trump 7th trump is offline
Iridium
7th trump's Avatar Join Date
Mar 2010
Posts
5,730
Thanks
229
Thanked 457 Times in 340 Posts

You have one of the lowest thanked/post ratios on this forum... ;D

And what kind of point are you making?
Any clue?

So you're one of those idiots that believes being "thanked" actually has any merit?
What a toad!

Your buddy midnight sucks ass and thanks anyone who questions me.........still doesn't have any merit. Unless of course you're an idiot like he is!

[Neuro]

And what kind of point are you making?
Any clue?

So you're one of those idiots that believes being "thanked" actually has any merit?
What a toad!

Your buddy midnight sucks ass and thanks anyone who questions me.........still doesn't have any merit. Unless of course you're an idiot like he is!

You actually think that not being thanked is the hallmark of a misunderstood genius?

[Horn]

There is absolutely no evidence that supports the assertion the U.S. legal tender money (fiat) leads to or is responsible for inflation. None.

Fed and bankster generated asset backed, debt based PRIVATE credit denominated in dollars, is 100% responsible for 100% of all inflation.

English pound Russian Rubels GOLD whatever it takes to power the Fed IS ,in and of itself the inflationary item that generates inflation. Re- Invested fiat dollars in Feduciary Banks

I am the Eggman, Charlie Chicken... :)

[Horn]

Carl Tesla was an unthanked genius..

[Horn]

Gold and silver backed money is inflationary as well

Y

keyword "backed"

[7th trump]

keyword "backed"

Even gold and silver coin is subject to inflation and deflation.

Price is dictated by supply and demand and that's inflation and deflation....so doesn't matter what money is....its just a medium of exchange anyway regardless what its made of.

[7th trump]

You actually think that not being thanked is the hallmark of a misunderstood genius?

Didn't say that moron.....get a grip asshole!

[Horn]

Even gold and silver coin is subject to inflation and deflation.

Price is dictated by supply and demand and that's inflation and deflation....

when you discover anymore huge veins waiting to be vested in, let me know...

Gold and Silver are God's and the only True Money, Just a the Moon forms over a perfect eclipse of the Sun.


https://www.youtube.com/watch?v=g1NAhVQYZTo

[ximmy]

when you discover anymore huge veins waiting to be vested in, let me know...

Gold and Silver are God's and the only True Money, Just a the moon forms over a perfect eclipse of the Sun.


https://www.youtube.com/watch?v=g1NAhVQYZTo

fify...

"Just as the moron forms over a perfect eclipse of the Sun."

[7th trump]

when you discover anymore huge veins waiting to be vested in, let me know...

Gold and Silver are God's and the only True Money, Just a the Moon forms over a perfect eclipse of the Sun.


https://www.youtube.com/watch?v=g1NAhVQYZTo

Unfortunately for you God has never said what money is to be.
All He ever asked of us was to keep an honest and just system of weights and measure...thats it nothing else.
Money can be what ever we decide it is.
Gold and silver and anything else considered money is dictated by supply and demand.

Nothing and I mean nothing is NOT subject to inflation or deflation.

Sorry...you're just gonna have to get over the fact about supply and demand.

[Horn]

You mean that 800 per year thing that can't be eclipsed?

http://goldsilverworlds.com/wp-content/uploads/2012/04/gold-supply-vs-demand-1999till2011.png

[Neuro]

fify...

"Just as the moron forms over a perfect eclipse of the Sun."

When a moon hits your eye like a big pizza pie
-That's a moron