Never in human history have so many been plundered by so few. And the crowd cheers... "Paper is poverty. It is only the ghost of money, and not money itself." - Thomas Jefferson "In no country of Europe," a delegate noted, "is paper money legal tender, but only gold and silver coin."
US constitution section 10 article 1: "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility." They try to make those that say it is in the constitution that FIAT isn't legally money look like idiots, they call them conspiracy theorists. Isn't that what this article says? Either way, the ponzi scheme - which the US government accounting agency has called unsustainable for decades (every year they publish a report where they say the same thing) - is about to collapse.
The scam has been made complex enough so very very few will understand it, and the few that do understand it can be dismissed as "weirdos" and "pariahs", which luckily for the banks is already the case since the smartest people in the world, the 1 in a million are by definition alone misunderstood and appear weird to common folks.
I can't explain this perfectly, and the greatest obstacle, the reason why this ponzi scheme has kept running so long is because people are too dumb to understand it, and don't care but they don't care because they don't understand how hard they get scammed. I posted this several times but it's never super clear.
I found a clean video where it gets explained quite well, and on top of that he manages to resist the urge to get arrogant or insult the public, which is completely impossible for me.
"The Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4" by MIKE MALONEY.
And not just for novices, I recommend this to every one that hasn't watched it yet.
There is a bigger list on wikipedia. Capitalist countries steal the most from their population to "redistribute" (redistribute to the public what they stole from the public one way or another). Socialist countries steal the least from their population to "redistribute".
Biggest scam I have ever seen in history.
Haha France is the biggest spender but the shithole with the largest deficit is... tada! Venezuela! In 2020 I expect the USA to steal the top spot in both categories from France & Venezuela.
The USA have not just robbed their own people, but also the whole world (because the USD is the reserve currency), so that scam is going to collapse too... They have taxed the world for decades, and when that falls alot of indirect income is gone. Which will make the depression much tougher for them. And interest rates are already at zero. It's an absolute catastrophy for this country, they have no way out. It's going to go boom!
@YBearBull, Yup. This ponzi is collapsing and the scam will be replaced with another scam. The public is too disgusting to even understand any of those systems. Absolute waste of time trying to side with them. Whatever new system we get we have to play by its rules.
nagihatoum
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They have setup this ponzi in many countries. They did in mine and it collapsed this year.
NFaC_0FFiciaLs
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Nice! Thanks!
Jayadevmanyapu
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Good work
Pipcahontas
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What’s your solution?
MrRenev
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@Pipcahontas, Tearing down the banks, let them be limited to holding and loaning some money. Tear down currency manipulation. Tear down the government, reduce it. Remove capitalism & socialism replace it by a decentralised system, with lots of small businesses and much less slavery.
But most importantly, get rid of the banks monopoly and stop using the population to give them money directly or indirectly.
Orangetiger
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Where is Euro?
Mekronid
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These are all things that are happening but it's unclear how you propose they work together to become a single pyramid scheme. It looks to me like a lot of little pyramid schemes and the government is propping them up.
Until it doesn't, and the economy gets another 1929. Remember that QE (printing money) was used extensively in the early 1900s BEFORE the crash; the term Ponzi scheme originates from one Charles Ponzi starting in 1919. Yet after 1937, the US - and the world - achieved the most prosperous record in modern history.
Ponzi schemes never end in prosperity.
MrRenev
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@Mekronid, The FED was created in 1913. When did this QE money printing happen? last I checked people had savings in 1929 & gold was the standard.
After 1937 the world what? Never heard of WW2? o.0
Hopefully this time there is no world war and no concentration camps.
Murica will get hit very hard and they're so not prepared.
Civil war, big paradigm shift, extreme poverty, and lose its reserve currency status (from which alot of wealth was derive).
I didn't say the country would return to paleolithic. They'll run into big troubles, and the world won't have a superpower anymore.
The Soviet Union with socialism & large Oil reserves lasted 40 years. The USA with bank run capitalism lasted 70 years.
Both systems are bad, but it's a clear win for capitalism here, much better than socialism.