Posted on 08/07/2022 9:18:04 AM PDT by PK1991
We need to end the Fed not audit the FED. The federal reserve has usurped its power. We don't need a federal reserve owned by the fat cats on Wall Street but one owned by the American people. It's the biggest scam they have.
Is this Bannon's proposal?
"I intend to introduce a new US Dollar in print, and in Crypto Currency, backed by a Basket of Goods. The Basket of Goods will include, but is not limited to, a weighted price sum of Soy, Corn, Silicon, Natural Gas, Oil, Precious Metals, Cement, Steel, And a Barrel of Drinking Water, etc. The secret sauce is in the formula for correlating the prices of goods in the basket by some quantum dynamics formulas. The spooky science that Max Born came up with for description of Quantum Mechanics fits the description of Economic Chaos of our times."
Or does he still try to retain the veneer of rationality?
How hard would it be to go with a gold/platinum/silver/nickle/copper standard at current market prices? Set it up, and don’t vary one thin dime from it. You can’t have a run on the gold, if the money is pegged on supply. Hell, peg it 100 Liberty$$ per bbl of oil or some such.
$300,000,000,000,000 in unfunded liabilities, great job controlling inflation. In 1967 dollars, $16K buys a 3 bedroom 2 bath, family room, garage and 1/4 acre lot. Today, that same home is worth $450K? In 1973 I could have purchased this house on a laborers wage in 1.5 years. In 2022 wages I could purchase the same house in 6.5 years. That is assuming all income goes to the cost. That is purchasing a house built in 1967. The taxes per year are 50% higher than my parents paid in mortgage in a year. Don’t even tell me that it evens out because the householder can sell and realize a profit. The problem is, replacing the home can only be done by spending all the money made in the sale, minus taxes and fees....you lose.
But don’t worry without the Federal Reserve it would have been so much worse and we are lucky to have them /sarcasm
I don’t know. Stay tuned. It was only a 2.5 minute part of a speech. The BRIC+ countries are developing a similar concept to tie currency to a basket of goods to try and end the petro dollar. They aren’t far off in the opinion of many.
Sometimes I wish there was a button to unfollow certain people. The ones who signed up to be “Lucifers voice” errr I mean “The Parties” voice could be totally ignored.
So much Russian hate, so much support for the status quo in government. I almost said “governance”. When did that word sneak into our vocabulary? I don’t recall hearing it or seeing it before O’bama.
There is an election coming up soon in Brazil and your basic communist could win.
If you combined the economies of Brazil, Russia, India, China and Saudi Arabia together this a huge number if they started to only accept payments in some new currency based on the value of commodities, then it would be a game changer and not good at all for the USA>
It’s easier that way, supporting the status quo is a safer choice for most people.
If you mentioned the Federal Reserve to the average person, 90% or more would have no idea what they are or what they do and don’t realize the damage they have caused to all Americans for over 100 years.
Ending the Federal Reserve won’t happen because of that, in the book I reference it talks about why so many people have no real idea of money it’s manipulation by Central Banks.
Getting them to support ending something they have no idea about is next to impossible.
Yes. And Iran and Argentina have applied to join the BRICS. Saudi Arabia is rumored to be considering a move away from the US fist bump dollar. At least Nancy Pelosi helped to mend fences with China ....
https://unherd.com/thepost/the-new-brics-alliance-is-a-mortal-threat-to-the-west/
That’s why Steve Bannon’s two minute presentation is about all you can do. Tie the fed to the fat cat bankers (Goldman Sachs and JP Morgan) and the income inequality and inflation. Bannon and Trump also are great at the simple formula. Little Marco and Lying Ted understand that for example.
If the US Dollar is dropped as the World Reserve Currency if only for the BRICS countries, then the inflation we have now would be mild until the economy would stabilize and who knows how long that would take.
It would make all imports really expensive and hopefully that would spur companies to start making more stuff in the USA to reverse that trend, until then hold on to your wallets.
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