NSFW Anon Archived It's Really Happening!!! Gold (platinum) Destroys the Fed (threadreaderapp.com)
submitted ago by 3721205?
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Posting time: 9 months ago on
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Archived on: 6/21/2020 10:00:00 AM
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53 upvotes, 9 downvotes (85% upvoted it)
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NSFW Anon Archived It's Really Happening!!! Gold (platinum) Destroys the Fed (threadreaderapp.com)
submitted ago by 3721205?
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[–] 23029858? 2 points 5 points 7 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.
[–] 23030428? 0 points 9 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??
[–] 23030655? 0 points 6 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.
[–] 23030699? 0 points 3 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.
[–] 23031366? 0 points 2 points 2 points (+2|-0) ago
We all suffered in this god awfull slave system.
Some paid it off, some just paid and never gotten to the bottom of loans. Some never paid, and was squeezed under the thumb of bad creditscore etc.
Its a new system. Dont think we need fiat dollars reimbursed
[–] 23029921? 0 points 4 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:
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
[–] 23032609? 0 points 1 point 1 point (+1|-0) ago
Does the implementation of a digital wallet system eliminate all cash currency?
[–] 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." .
[–] 23029747? 1 point 3 points 4 points (+4|-1) ago
This was proposed by that Muslime Talib.
[–] 23029929? 0 points 3 points 3 points (+3|-0) ago
Yes, it was - very misleading thread on several levels.
[–] 23031364? 0 points 2 points 2 points (+2|-0) ago
Can't they use a plastic coin? What a waste of a perfectly good platinum oz.
[–] 23030478? 0 points 2 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.
[–] 23030754? 0 points 2 points 2 points (+2|-0) ago
Fed would be left with less than $2K in pure platinum to sell at scrap value.
[–] 23031071? 0 points 1 point 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.
[–] 23030127? 0 points 2 points 2 points (+2|-0) ago
Here's another alarming part of Tlaib's proposal:
These cards would end up in the hands of every undocumented immigrant and corrupt politician in this country!
[–] 23031778? 0 points 1 point 1 point (+1|-0) ago
Well i mean....two of my normie girlfriends were talking today about money....direct quotes..."Well can't they just print more money?"....."No, that would just mean its worth nothing"......."Like monopoly money". Ding Ding Ding, normies are starting to ask questions now. Especially with all these "stimulus packages" that have announced here in Australia.
[–] 23031041? 0 points 1 point 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.