Posted on 08/06/2020 8:05:40 AM PDT by RobaWho
America, the Central Bank is dead. There is ZERO chance $30+ trillion in fiat debt will ever be repaid with more fiat dollars. We’re in technical default. And President Trump knows this.
The Solution?
US Treasury Notes issued by our US Treasury will soon replace the fraudulent, 98% devalued Federal Reserve debt contracts (dollars). America’s soon to be, newly issued, asset back currency and our revitalized “America First” economy will reverse Bretton Woods and the Federal Reserve‘s death grip will officially be removed from America‘s throat.
Every new US Treasury note will equate to an inflated number of current fiat dollars, reversing much of what occurred in 1971 when our US dollar lost 30% in value, overnight. The enormous, oppressive levels of debt, taxation, currency devaluation, one-way tariffs and the dismantling of US manufacturing almost killed America. It absolutely enriched the “elites” on the backs of the many. Trump will soon neuter this diabolically rigged system responsible for creating the greatest wealth disparity in US history, send the Federal Reserve packing, “default” or disregard the Central Banker’s deceitfully engineered debt, and there’s not ONE DAMN THING the Fed, the shadow bankers, the Rockefeller’s, ANTIFA, BLM, the Palo Alto Mafia or corporate media propagandists can do to stop him. The Fed has no military. The Fed is a private corporation that has controlled, manipulated and screwed over almost every nation on earth for over 100 years.
America will soon be energy, manufacturing, medical, agricultural, transportation, service and technology self-sufficient. America could, theoretically, produce, purchase and serve every single need we have as a nation, without any dependency on foreign trade. Trump will soon show every populist leaning nation on earth the solution to escape the Federal Reserve’s prison camp. Once Trump’s “payroll tax holiday” is implemented by Executive Order, realize that 95% of all US businesses (those who employ less than 100 total employees), are soon to see a huge increases in their take home pay. The US Income Tax system and IRS (as we have known it), will both end, soon. There will be radically less financing of needless wars, bloated US government agencies, foreign “aid”, globalist engineered tariffs, and similarly wasteful endeavors. Our long addiction to these expenditures has been the only justification for the regulatory, taxing and debt enslavement we’ve long been subjected to.
Americans and every liberty loving nation on earth is soon to enter a strong, healthy era of innovation, growth and prosperity. This will be the Trump Legacy.
And I might hit the lottery too.
We need a currency that is out of the hands of politicians and central planners.
Such printed, fiat currency, with interest rates manipulated by a central authority is THE cause behind all our political troubles today.
There are no brakes on spending and debt for government, all its cronies and ideologues and all their social engineering schemes.
How much do we owe if we stiff China? :D
So, what should people who have dollars do?
I’ll believe it when I see it, but I have been expecting this sort of idea to get more visibility. This seems reminiscent of the old Greenback idea that Lincoln used during the Civil War. I believe the Central Banks are a great evil and we need to be rid of them.
What is this guy smoking? I love the sentiments, but he’s off his rocker.
“Next year, everyone will be producing all of their own energy everywhere, from juicer scraps. The generator will be sold for $15 and directly plug into power boxes.”
Send them all to me. Especially, all those worthless $100 bills. I will help you out and dispose of them.
Get ready to heat your house with them - commodities are going up ...
Pennies become nickels
Nickels quarters
Quarters bucks
1s - 5s
And so on ?
Last time someone tried something like this they got a convertible ride in Dallas
Wonderful little fantasy, where’s the evidence it’s in process or even being considered?
I thought we were going to eventually solve the debt problem the old fashioned way; hyper inflation
Buy marijuana stocks/s.
Last time someone tried something like this they got a convertible ride in Dallas
Thats a fact! And, the reason he was wacked.
There are two kinds of ideas that you’re not supposed to talk about:
1) The Earth is flat — it’s crazy. It’s stupid. It’s just wrong.
2) Hillary Clinton had Vince Foster killed — It’s a conspiracy theory. It’s crazy. It’s stupid. It’s just wrong.
The usefulness or evilness of Central Banking is either in category 1 or category 2. I say it’s in category 2 and it’s dangerous to talk about it, but it’s true.
Why is it I seem to be reading what I have advocated and written about for years?
Yes, the Great Trump reset is going to demolish the Federal Reserve and rebuild a new financial infrastructure that indexes US Notes to gold, stabilizes the currency and rewards savers.
But first there will a course of negative interest rates for federal debt to wipe out the deficit and pay down the impossible fiat debt.
Only the federal government will receive negative interest on financing and refinancing its debt.
As an example, financing and refinancing $50 Trillion at -6.5% will wipe out the deficit in less than 4 months and begin paying down the federal fiat debt to levels where it it is a position to be extinguished altogether.
US Notes were historically the currency before Federal Reserve Notes. They are nothing new. They will be indexed to gold. That means if you work hard for 5 to 10 years to save up for a home, farm or business, you will be able to buy what you work so hard and save for.
Hard working savers will be the smart ones in the future, just the way it was before the Federal Reserve era and the way it should be.
You will not sit in a home with a mortgage and watch housing inflation fill you with euphoria like a drug, making you think you’re rich for doing nothing. The value of your property will be based on how will you kept it up and of course location or if it’s a business, how much market share achieved.
People will begin to think “I saved $40,000 these past few years”, now I can buy that piece of land which is still about $40,000, and then maybe I will take out a clean loan to build on it or maybe I will continue to save and use my savings to build on it leaving me debt free.”
People will have that option.
Today there is no such option (in general). The aim of acquiring something through saving is more often than not unattainable because the $40,000 land becomes $60,000 land over the years the saver trues to earn the capital to buy the land (all other things equal like demand, taxes, land use zoning, etc.).
This is the complete abolishing of the Federal Reserve, and as much as we want it, there are too many wealthy, powerful people that want the current system to continue.
I skimmed your article. What asset is this going to be backed against? Gold? Then the price of gold is going to be bout $20k.
And all of the “entitlement” programs (even those “paid into” programs like Social Security) will become worthless. Gramma’s monthly check just got devalues by about 50%.
There will be a reset, but it won’t be based on what the Treasury does. And it won’t be nice.
I’d celebrate with you if you won. Our currently monetary system is dead. 100% of every fiat currency system ever created has died. The average life span is less than 50 years. I’d love to read your thoughts on what our next monetary and banking system will look like, who will run and what the world’s next default currency will be.
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