2
5

[–] 23029858? 2 points 5 points (+7|-2) ago 

"WE'RE ABOUT TO ERASE ALL DEBT!!!!!!"

What about me? Scrimped and saved, paid off my mortgage, paid off all my credit card debt. What about me? Do I get back money for not being an idiot? Same with student loan debt. Say Government wipes out student loan debt? What about people who worked and saved, and paid off their student loan debt? Do they magically get reimbursed?

There is that damn good idiottube video where it shows, in cartoon form, how our dollar has been worthless since 1913. What about the cash in my pocket? I am all for a reset, FINE. But there are a whole lot of unanswered questions.

0
0

[–] 23030151? ago 

I agree - once again, people who responsibly lived within their means would be "punished" while those who racked up crazy amounts of debt get rewarded.

Agree with you about the unanswered questions. We absolutely can't get rid of cash - we'll be totally screwed.

0
2

[–] 23030439? 0 points 2 points (+2|-0) ago 

Is it a "reward" to rescue a person from drowning? Are they laughing all the way to the bank as they go from a negative number to ZERO?

0
9

[–] 23030428? 0 points 9 points (+9|-0) ago 

I think everyone stands to benefit from a jubiliee, one way or another. I mean, what's the alternative? That we go into a decades-long depression so the savers don't feel taken advantage of??

0
6

[–] 23030655? 0 points 6 points (+6|-0) ago 

I would assume it's removing national debt. Not personal debt. Without the blood suckers to pay, taxes will be substantially lowered. Count your inconvenience as a part of this generations sacrifice to make a better tomorow for our children and Grand children.

0
3

[–] 23030699? 0 points 3 points (+3|-0) ago 

A better idea is each American would receive a fixed amount, via annual tax credits when you file your taxes similar to a child tax credit, not a lump sum so money will not flood the market and devalue the dollar. Trump is a genius and will be fair. Minor children will just have a trust so scrupulous parents won’t spend their money.

1 reply

0
4

[–] 23029921? 0 points 4 points (+4|-0) ago 

So...according to this thread, Trump arranged for a loophole to provide $2T assistance to Americans via US Treasury debit cards, and Pelosi, seeing the attachment, becomes enraged and storms out of the room.

BUT

According to evidence the bill attachment was introduced by Tlaib https://tlaib.house.gov/sites/tlaib.house.gov/files/Automatic%20Boost%20to%20Communities%20Act%20.pdf

What's really alarming is this section:

In the long term, the card infrastructure should be converted into a permanent, Treasuryadministered digital public currency wallet system, to serve as a privacy-respecting “eCash” complement to universal Fed Accounts and/or Postal Bank Accounts for All.

This sounds an awful lot like UBI. Also, maybe it's only specific to this bill, but Patriots, we absolutely can't accept an all-digital currency. It will be our DEATH

0
1

[–] 23032609? 0 points 1 point (+1|-0) ago 

Does the implementation of a digital wallet system eliminate all cash currency?

0
0

[–] 23036095? ago 

No - we have cash and digital wallets now. However, TPTB are pushing cashless, usually rationalizing it as a means to prevent dark money transactions and/or to increase "financial inclusion." .

0
2

[–] 23030127? 0 points 2 points (+2|-0) ago 

Here's another alarming part of Tlaib's proposal:

Cards would be distributed in three ways:

  1. Direct Mail: All individuals with an active address on file with any government agency would have a card sent to them to that address via USPS.

  2. In Person Pick-Up: Individuals who do not have a permanent address, or who otherwise cannot or do not receive their U.S. Debit Card by mail—including undocumented people, permanent residents, and temporary visitors whose stay exceeds three months—could also obtain one directly from any FDIC-insured bank or credit union, or temporary card distribution stations that would be placed at local post offices and U.S. embassies overseas.

  3. At-Risk Outreach: A dedicated Emergency Responder Corps would perform outreach to at-risk populations, including people who are elderly, homeless, physically disabled, or live in remote areas, to ensure they receive their U.S. Debit Card and to simultaneously perform a general wellness check in case they need additional targeted assistance.

These cards would end up in the hands of every undocumented immigrant and corrupt politician in this country!

0
0

[–] 23030139? ago 

I should have just read the comments first. Thanks for wasting my time, retard. https://tlaib.house.gov/sites/tlaib.house.gov/files/Automatic%20Boost%20to%20Communities%20Act%20.pdf

0
2

[–] 23030478? 0 points 2 points (+2|-0) ago 

Smells like a rat. Create two trillion-dollar treasury coins, and sell them to the Fed in exchange for fiat? If that happens, and then the Fed and the whole fiat system are destroyed, the owners of the Fed would be left with $2 trillion in real treasury-issued money and proceed to dominate the new system with it. Sounds like they realized that the jig is up on the fiat scam, and this is just the transition to their next scam.

0
2

[–] 23030754? 0 points 2 points (+2|-0) ago 

Fed would be left with less than $2K in pure platinum to sell at scrap value.

0
1

[–] 23031071? 0 points 1 point (+1|-0) ago 

Still makes me nervous. It would require a complete wipe of the slate to erase the value of those coins. As it is, the government owes the Fed a huge amount of money, but the means of creating that debt could easily be ruled unconstitutional, erasing it while leaving everyone's bank balance intact. Much less economic disruption, but still eliminate the need for income tax. I'm having a hard time imagining how a total reset would be possible without instantly bankrupting every business in the country.

1
-1

[–] 23030647? 1 point -1 points (+0|-1) ago 

Are you fucking retards?

The platinum coin is not going to be 1 trillion worth of platinum.

0
1

[–] 23030747? 0 points 1 point (+1|-0) ago 

Can't you fucking read? The coin DOESN'T HAVE TO BE WORTH WHATS PRINTED ON THE FACE OF IT.

3
-3

[–] 23030761? 3 points -3 points (+0|-3) ago 

Can you read the title you dumb faggot?

It wouldn't matter if the treasury made this out of human shit would it?

Gold and platinum isn't destroying shit. Holy shit you are nigger level retarded.

0
1

[–] 23031108? 0 points 1 point (+1|-0) ago 

I don't think you read it, did you?

0
0

[–] 23038048? ago 

90 % of these fucks havent read shit

0
1

[–] 23030660? 0 points 1 point (+1|-0) ago 

What is going on with all these number usernames?

0
2

[–] 23031102? 0 points 2 points (+2|-0) ago 

This is an anon subverse

0
1

[–] 23031041? 0 points 1 point (+1|-0) ago  (edited ago)

I get the general idea. Debt is just a subjective reality, same as profit (but not for individuals like me or you).

BUT, this only benefits Gov and Corps, right? Will it be used for personal debt such as students loans, credit cards etc ... ?

I get it, it up to people to make good financial choices but I argue they made things more expensive (inflation) and killed industries to force consumers to get debt.

Also, if the gov can do this and wipe out debt, will the next admin be able to do it?

If the Green New Deal passes, does that mean they can do this to pay for their plan? Maybe it was about this anyway.

load more comments ▼ (4 remaining)