Posted on 03/07/2009 11:30:45 AM PST by Sybeck1
NYT SUNDAY: Obama can not assure economy will grow again by end of year; Urges Americans not to 'stuff money in mattresses'... Developing...
L
I have been considering buying diamonds.
I wish I could say that these idiots don't have a clue what they're doing. But I can't.
I think they know exactly what they're doing. And I think pretty soon, we're going to have to stop them.
The hard way.
L
Wow! What a Treasure!
Nobody was able to stop the $1 trillion "stimulus" bill...
I wish I could say that these idiots don't have a clue what they're doing. But I can't.
Well you sure have to wonder why 0bammy starts saying -- "Don't put your money in your mattress".
He knows that he just spurred people on to do exactly that
He some sort of evil hypnotic genius. Like Rasputin
Sounds like Rick Mishkin and his Fedda Zerv.
I'm sure their goal is to establish the NWO much sooner than that.
The UN will probably be the foundation of the new World Government.
Either Bill Clinton or Raila Odinga will be it's President.
Of course, that will depend on the definition of "is".
You know what...he is right on this one. I’ve thought about this now for ....well since Monday when the information first leaked out right here on FR about FDIC.
I have waffled back and forth all week long about buying a safe and going to get all my money...again from the looters. I pulled it out of the market on Nov. 5th and now it sits in a standard old savings account.
But...0bama is correct with this advice. From a post last night,
“Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be “money” in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or “currency.” Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not “money.” A Federal Reserve Note is a debt obligation of the federal United States government, not “money.” The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.
It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any “money.” Most Americans have not been paid any “money” for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are “bankrupt,” along with the rest of the country?
Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). When ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs. Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank.
There is a fundamental difference between “paying” and “discharging” a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of “good & valuable consideration.” Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.” http://www.freerepublic.com/focus/news/2201271/posts?page=6#6
And then with this in mind...refer to this link,
take the time to read the whole link at post 212
taking your money out, bank runs etc.
it won’t matter
they will nationalize the banks and revalue the dollar
I am the one saying in private it will be worth only 1/3 its current value. Look to the history at link 212 for the substantiation on that theory.
the FDIC just gave 0bama the excuse.
http://jessescrossroadscafe.blogspot.com/2009/01/last-time-fed-devalued-dollar-to-save.html
Our “money” is worthless. Literally, worthless except for representing our own blood, sweat, and tears.
‘Wealth is the product of man’s capacity to think. Then is money made by the man who invents a motor at the expense of those who did not invent it? Is money made by the intelligent at the expense of the fools? By the able at the expense of the incompetent? By the ambitious at the expense of the lazy? Money is made—before it can be looted or mooched—made by the effort of every honest man, each to the extent of his ability. An honest man is one who knows that he can’t consume more than he has produced.’—Atlas Shrugged, the Money Speech.
If and/or when they revalue our dollar...they are revalueing your effort, your mind, your production. Last time they took our gold, this time they are taking your very soul. That Federal Reserve Note is a debt owed to you from the government.
Understanding your Notes are worthless except for claiming against the debt. No, we should not be stuffing our mattress, nor be holding tea parties. We need to show up at the Federal Reserve banks and demand they pay their debt in full.
Remember the days when the President had a news conference it was to deal with a major decision or direction for the US. All the networks covered it. Now we are inundated with endless Obama Breaking news.
It’s called campaigning. He’s still doing it. Hugo Chavez did a lot of talking his first few years in power also.
As long as you have enough food and alternative heat. The carbon tax in Zero’s plan will make a gas tax over $1.27 pr gal added to it’s normal cost, and 60% cost to electric bills, and around a $1 addl tax on cigs....etc.
You’re more than welcome. This was just my back up strategy after I realized that selling my body to lust-driven women wasn’t going to work out too well. But I’m still too young to get a job as the greeter at Wal-Mart. An awkward age, indeed!
http://www.mortgagegrapevine.com/thread/?thread=547844
Pay attention to #3, and realize for decades we have not been voting for a candidate but for an ideology of either capitalism or communism, and guess who Zero represents?
I'm GOING "GALT"...I'm off the grid as much as possible. No big purchase for 4 years, only used stuff and cash.
We all should get together and "Go Galt".
OMG does this idiot want the market to go below 5,000 on Monday.
Ok - what does FUBO mean?
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