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StokeyBob
Fremont, CA
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Maybe this will help make the danger of fiat money clear.
Imagine you and me are setting across from each other. We create enough money to represent all of the world's wealth. Each one of us has one SUPER Dollar in front of him.
You own half of everything and so do I.
I'm the government though. I get bribed into creating a Central Bank.
You're not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with.
All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world!
That isn't the only thing though. You need to get busy and get to work because YOU'VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.
That to me represents what has been happening to the economy, and us, and why so many of our occupations just can't keep up with the fake money presses.
They have been beating us with our own stick!!!!1
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Just Candid
AOL
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You have it pretty much right SB. There is one work however which pretty much sums up what's been done to us. That word starts with a Capitol F, and ends with a d.
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Feds
Oakland, CA
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Great article! Debt is slavery. The Feds answer to no one, the American people should take a stance!
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Since: Nov 08
Pleasanton, CA
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Please wait...
Whether we have a Federal Reserve or a National Bank the issue comes down to the integrity of the people running it and that we have seen fail every time. This is the nature of fiat money, but precious metal backing is not much better and has an inability to deal with and properly account for new technologies expansions of the economy and cause collapses with a lack of capital.
There seems no way to keep the regulators honest for very long and that is the fundamental problem.
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Just Candid
AOL
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Adrian Vance wrote: Whether we have a Federal Reserve or a National Bank the issue comes down to the integrity of the people running it and that we have seen fail every time. This is the nature of fiat money, but precious metal backing is not much better and has an inability to deal with and properly account for new technologies expansions of the economy and cause collapses with a lack of capital. There seems no way to keep the regulators honest for very long and that is the fundamental problem. How would you solve that fundamental problem?
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Philip Murphy
Pinole, CA
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Adrian Vance wrote: Whether we have a Federal Reserve or a National Bank the issue comes down to the integrity of the people running it and that we have seen fail every time. This is the nature of fiat money, but precious metal backing is not much better and has an inability to deal with and properly account for new technologies expansions of the economy and cause collapses with a lack of capital. There seems no way to keep the regulators honest for very long and that is the fundamental problem. the basic problem here is both political parties are dependant on financial services industry money, until that changes you will get slip-shod, inconsistant oversight-period! Why do you think TG has a job at treasury, or LS? Appeasment of the banking biz and wall st., it had nothing to do with their abilities, which are minimal at best.
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frzngds
Grass Valley, CA
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This whole 'fake' monetary crisis could be solved very simply: 1.Repeal ALL legal tender laws. 2.Prosecute Fraud (no more Fractional Reserve Banking) That's it....problem solved. Let the FED try to compete with sound money ...and in very short time you'll see why the FED fought/is fighting so hard to keep their monopoly on money in place with the legal tender laws.
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Since: Nov 08
Pleasanton, CA
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Please wait...
Clint Fitzgerald wrote: The jews have bankrupted nearly every country they have been allowed to inhabit. As one whose Jewish ancestors were run out of Spain in the last purge about the time of our Civil War, I have a little different version: The Jews went into the professions because they were not allowed to own land; banking, finance, law, medicine and nuclear physics. Spain ran them in and out in their economic cycles bringing them back after every collapse. Every time they got things humming on good currencies and capitalization programs the ruling class stole from the treasuries, created another collapse and blamed the Jews who were little more than the mechanics of the system. It is like blaming your oil changer for your DUI.
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Since: Nov 08
Pleasanton, CA
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Please wait...
Clint Fitzgerald wrote: <quoted text> If Bernake, Greenspan, Kohn(deritive of Kahn), arent responsible for the mismanagement of the Federal Reserve, i beg your pardon and seek the truth. I have a hard time believing it to be a coincidence that this kind of economic disaster always happens when jews are occupying a host government. The eight family banks below were named as the owners of the Federal Reserve.(I did not think that i had a need to point out the obvious but here they are) Rothschild Banks of London and Berlin Lazares Brothers Banks of Paris Israel Moses Seif Bank of Italy Warburg Bank of Hamburg and Amsterdam Lehman Brothers Bank of New York Chase Manhattan Bank of New York Kuhn, Loeb Bank of New York Goldman, Sachs Bank of New York. That Jews are in banking when disasters happen is the result of that being one of the businesses to which they have entre' and therein they have learned to thrive. Our recent collapse had much more to do with Barney Frank and Chris Dodd having pushed down lending restrictions to the point Lowell Grant could sell people houses they could not afford to pay for. Lowell got rich, the loans went bad and now the rest of us have to pay for them. Lowell Grant is the problem and he is not a Jew.
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just candid
AOL
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Clint Fitzgerald wrote: <quoted text> If Bernake, Greenspan, Kohn(deritive of Kahn), arent responsible for the mismanagement of the Federal Reserve, i beg your pardon and seek the truth. I have a hard time believing it to be a coincidence that this kind of economic disaster always happens when jews are occupying a host government. The eight family banks below were named as the owners of the Federal Reserve.(I did not think that i had a need to point out the obvious but here they are) Rothschild Banks of London and Berlin Lazares Brothers Banks of Paris Israel Moses Seif Bank of Italy Warburg Bank of Hamburg and Amsterdam Lehman Brothers Bank of New York Chase Manhattan Bank of New York Kuhn, Loeb Bank of New York Goldman, Sachs Bank of New York. I don't think it's as simple as you want to make it. My understanding is all US banks have to own shares in the Fed Reserve in their district. District Fed Reserve banks inturn own shares in Fed Res Bank of NY. Correct me if you have evidence I'm wrong.
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Libelous
Oakland, CA
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Adrian Vance wrote: <quoted text> That Jews are in banking when disasters happen is the result of that being one of the businesses to which they have entre' and therein they have learned to thrive. Our recent collapse had much more to do with Barney Frank and Chris Dodd having pushed down lending restrictions to the point Lowell Grant could sell people houses they could not afford to pay for. Lowell got rich, the loans went bad and now the rest of us have to pay for them. Lowell Grant is the problem and he is not a Jew. Libelous. Be careful.
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Since: Nov 08
Pleasanton, CA
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Please wait...
Libelous wrote: <quoted text> Libelous. Be careful. Can you spell "r-i-d-i-c-u-l-o-u-s " or "h-u-m-o-r?"
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mountain man
Excelsior, MN
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Very well written and informative piece, Mr. Duncan. Thankyou.
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Lowell Grant
Richmond, CA
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No worries, everyone here knows Adrian is a lunatic and if he libles and slanders me, I just try not to take him seriously because no one else does.
I specialize in listing properties for sale at the correct price since I study and understand the market. I hardly ever deal with buyers. Those are the facts, but Adrian is oblvious.
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WOW
Hidden Valley Lake, CA
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OK, so you guys are arguing about jewish world domination conspiracies but failed to notice the actual largest theft in history was carried out by 5 euro countries who stole all of north and south america, most of africa and parts of asia. Duh
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Philip Murphy
Redway, CA
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WOW wrote: OK, so you guys are arguing about jewish world domination conspiracies but failed to notice the actual largest theft in history was carried out by 5 euro countries who stole all of north and south america, most of africa and parts of asia. Duh actually, we paid for Manhatten Island, but the Indians we bought it from swindled us because they didn't own it either!
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just candid
AOL
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Philip Murphy wrote: <quoted text> actually, we paid for Manhatten Island, but the Indians we bought it from swindled us because they didn't own it either! What a friggen bunch of crooks, pulling that fraud on the white man. Were they the original rednecks?
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Since: Nov 08
Pleasanton, CA
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Please wait...
WOW wrote: OK, so you guys are arguing about jewish world domination conspiracies but failed to notice the actual largest theft in history was carried out by 5 euro countries who stole all of north and south america, most of africa and parts of asia. Duh How, white man (a little Indian lingo): As a legal Indian (more than 1/16th Native American blood and can prove 1/4 with documents and 1/8th with DNA, too complicated to explain) I am glad the Europeans came. Before that we were living in huts, Teepees and caves, dying at 35, eating roasted rats on the good days, freezing to death in the winter, dying of heat prostration in the summer and hungry all the time I thank God and white men for the land of plenty. You can have all that pounding your tom-tom BS, make mine Velveeta, Coco Pops, Laura Scudders and all the other of America I can have.
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Since: Nov 08
Pleasanton, CA
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Please wait...
Lowell Grant wrote: No worries, everyone here knows Adrian is a lunatic and if he libles and slanders me, I just try not to take him seriously because no one else does. I specialize in listing properties for sale at the correct price since I study and understand the market. I hardly ever deal with buyers. Those are the facts, but Adrian is oblvious. Oh Lowell, what would you express if you could get through one paragraph without making a language error or two? I keep hoping a sense of humor will arrive before you pass on while you think someone is shaking your hand having jay-walked to thank you for your latest fantasy "column" in the Record Bee. Let it not happen before tourists who will think you represent the norm for rustic residents of this outpost. While I cannot credit you entirely for the crash it was your type of businessman who made it happen; the kind who does not know from where his wealth has come. Barack is coming for it. Caress it while you may. It's going....
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Since: Nov 08
Pleasanton, CA
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Please wait...
Philip Murphy wrote: <quoted text> actually, we paid for Manhatten Island, but the Indians we bought it from swindled us because they didn't own it either! Sorry Phool - Wrong again. The problem the Indians had is that they had not defined boundries, property lines, etc. Manhattan Island was one of the few pieces of real estate they could sell because it was well defined by water. Their claim would have been held valid in an English court, the kind the settlers brought with them. Once again, you lose. Please stay on your ladder and away from your computer. It get tiresome seeing you make a Phool of yourself.
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