Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says

[bèlla]

So this (presumably AI summary?) admits "is not attributed to a specific work or speech" and "Voltaire's exact writings may not pinpoint a specific document for this quote".

In other words, your own source is saying that it doesn't seem to be an actual quote of Voltaire. Are you therefore admitting that the quote you offered is a false one?

I’ve read some of his pieces. Let me check my account. I usually save meaningful quotes. I don’t recall the statement off the top of my head. I’ll post what I find.

~bella

 

[NxNW]

UBS, one of the​

0:37
biggest banks in the world, just

0:39
increased the odds of recession next

0:41
year for the US to 93%.


He suggests putting a stash of cash in a savings account. That sounds very risky should the banks fail.

I wouldn't be surprised if there is a recession under Trump, since that seems to be a common trait of Republican administrations. But if banks fail across the board, I doubt having some pretty metal in your safe is going to be super helpful.

Serious question, though: Do you advocate holding the actual physical metal, and if so, how do you store it? Or do you feel holding Gold mutual funds is sufficient?

 

[bèlla]

I didn’t see the quote @HARK! cited and the venue is devoted to books. This may be a situation of wrong attribution much like we’ve seen with Anais Nin. “We don’t see things as they are we see them as we are“ was uttered by another. But if I stumble upon it I‘ll update my post.

~bella

 

[HARK!]

So this (presumably AI summary?) admits "is not attributed to a specific work or speech" and "Voltaire's exact writings may not pinpoint a specific document for this quote".

Did you miss this part?:

 

[HARK!]

Serious question, though: Do you advocate holding the actual physical metal, and if so, how do you store it?

I used to hold it in my hand 24/7, on my ring finger. Yes, I would even sleep with it in my hand. Now I have it tucked away.

Or do you feel holding Gold mutual funds is sufficient?

Is there any counterparty risk in holding mutual funds?

 

[HARK!]

if banks fail across the board, I doubt having some pretty metal in your safe is going to be super helpful.

Monetary metals aren't particularly useful, in the face of an economic collapse; when people are competing for food. Lead is more useful during those periods, for hunting game, or defending oneself from cannibals.

Monetary metals serve to store wealth. In the face of a starving population, money is of little use; if no one is selling food.

However, monetary metals still serve to store one's wealth, until society rebuilds, the trucks begin running again, and food sales resume.

Zimbabwe notes are useful for cooking fires.

 

[bèlla]

Whenever I hear things hit the fan imagery my mind cares less about scenarios but the numbers standout. No matter how much you prepare there‘s more who didn’t than who did. No amount of weaponry can hold back a throng forever. You need something greater than yourself to do so. It wouldn’t matter if you’re in the city or backwoods needs will travel.

But they’re not the only ones. It’s equally easy to relieve people of their goods and property if you have the means. It isn‘t difficult to see the merits of a black market and that’s a possibility few consider in relation to themselves. You’d better put your trust in Lord and learn how to prayer walk and call on the earth and elements. Lead and gold will only get you so far and we need to be honest with ourselves.

There’s 258.5 million adults in America. Of that number, 59.2 million are seniors. Which leaves 199.3 million adults. There’s an estimated 20 million preppers too. If you subtracted them from the whole with the good hearted and disabled the number remains large. Most christians aren’t homesteaders and we haven’t factored in the criminals.

Preparation is good but our greatest defense is the Lord. Make sure your prayer muscles are stronger than your weaponry and you can move the heavenlies.

~bella

 

[NxNW]

I used to hold it in my hand 24/7, on my ring finger. Yes, I would even sleep with it in my hand.

I'd think that would be a pretty small amount.

Is there any counterparty risk in holding mutual funds?

Sure, but there is also risk in having gold bars tucked away.

 

[HARK!]

Whenever I hear things hit the fan imagery my mind cares less about scenarios but the numbers standout. No matter how much you prepare there‘s more who didn’t than who did. No amount of weaponry can hold back a throng forever. You need something greater than yourself to do so. It wouldn’t matter if you’re in the city or backwoods needs will travel.

Building community is important. Those who stand alone, stand in the weakness of lack of benefit of the community.

You’d better put your trust in Lord

Even when he shows me fat cows and lean cows?

 

[bèlla]

Even when he shows me fat cows and lean cows?

You’ve answered your question in your response. Connect with the one who sees what you don’t and fill in the gaps. ;-)

~bella

 

[HARK!]

I'd think that would be a pretty small amount.

You mighty want to do a little research on the subject:

The History of the Gold-Silver Ratio​

For hundreds of years, the gold-silver ratio did not fluctuate much. The ratio was fixed by governments to keep their official currencies stable.




The Roman Empire officially set the ratio at 12:1. In medieval Europe, it fell to 9.4:1 in 1350 but climbed back to 12:1 in the 1450s. The U.S. government fixed the ratio at 15:1 with the Coinage Act of 1792.

https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp

In Roman times, a man would work hard all day for a silver denarius. This was about the same size as a US dime.

In the early 1900's, before the Federal Reserve Act, a coal miner would work hard all day for a US dime.

A US silver dime weighs one tenth of a US silver dollar, which weighs a little under an ounce.

At a 15:1 ratio, one ounce of gold is equal to 15 ounces of silver. If each ounce represents approximately 10 days of hard work: 10 X 15 = 150. If one works 5 days per 7 day week: 150 / 5 =30 weeks. If there are approximately 4 weeks per month; then 30 / 4 = 7.5. In my world there is nothing small about over half a year's hard work.

Sure, but there is also risk in having gold bars tucked away.

That depends on how you have them tucked away.

 

[HARK!]

You’ve answered your question in your response.

That wasn't a response. That is what we call an unanswered question.

Connect with the one who sees what you don’t and fill in the gaps.

What don't I see?

 

[bèlla]

What don't I see?

How to address the lean cows. If He told you everything you wouldn’t need another. Nevertheless, Joseph is a fruitful bough. Begin with his blessing from both.

~bella

 

[HARK!]

How to address the lean cows.

I see the bounty in the world that we live in currently, being exposed to the wake of the current domestic and geopolitical turbulence, clearly. I see the life cycle of fiat currencies running their courses; and the one that currently dominates the world economy, is hanging over our heads like the sword of Damocles. What do you not see clearly? I'm here to help.

 

[JSRG]

Did you miss this part?:

View attachment 372221

No, I didn't miss that part. It still provides no evidence he ever said such a thing. That's the issue. You claimed he said something, and then even your own (apparently AI) source acknowledges there appears to be a lack of evidence he ever said it.

 

[HARK!]

It still provides no evidence he ever said such a thing.

It is the evidence that he said such a thing. It is a summary of his writings, of his understanding, of the many flaws of fiat currency.

If you don't like that one; here's another Keynesian one:

British Lord John Maynard Keynes (the father of 'Keynesian Economics' which our nation now endures) in his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920).

 

[JSRG]

It is the evidence that he said such a thing. It is a summary of his writings, of his understanding, of the many flaws of fiat currency.

It is not evidence at all he said the quote you claimed he did. Even if we take the (apparently AI-derived) text you posted as absolutely correct--which one should not do with AI unless they have independently verified the information--all it does is says he had issues with paper money, but does not say he said the quote, and in fact acknowledged there appears to be a lack of evidence he ever did say the quote.

Again, your own source is unable to offer evidence he said the quote. You now seem to be trying to argue that the quote worked as a summary of his views, but again even if that is true, that doesn't make it a quote. That makes it... a summary. You did not present it as a summary, but as an actual quote. One should not try to present a summary of someone's views as an actual quote of the person.

 

[HARK!]

@Richard T this is a tiny home development in Texas. He visited it a year ago and returned. I‘m including a few screenshots. He went inside several. Wow the thumbnail says it all. The house‘s width is a smidge more than the three of them combined.

MORE TINY HOMES IN TEXAS ARE SELLING OUT - IS THIS THE NEW AMERICAN DREAM OF HOME OWNERSHIP?

View attachment 371464
View attachment 371465View attachment 371466

Beats internment camps. I've been helping the growing homeless population. They are saying that homeless people are mysteriously disappearing.

 

[HARK!]

there appears to be a lack of evidence he ever did say the quote.

Again it's a summary of his writings. It's not that difficult to understand.

How did you like that last Keynes quote? Did you like that one more?

How about this one?:


"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavour to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed." -- Abraham Lincoln in a letter from to Col. William F. Elkins, November 21, 1864

I don't need Abe to tell me about what I can see with my own eyes.

 

[JSRG]

Again it's a summary of his writings. It's not that difficult to understand.

You said:

“Paper money eventually returns to its intrinsic value, zero.” -- Voltaire (1694-1778)

You didn't say this was a summary. You presented it as an actual quote of his. Now you're trying to claim it was some kind of summary even though you presented it as a bona fide quote.

How did you like that last Keynes quote? Did you like that one more?

Well, first, that quote wasn't there when I replied to your message. What you added later via an edit was:

If you don't like that one; here's another Keynesian one:

View attachment 372330

British Lord John Maynard Keynes (the father of 'Keynesian Economics' which our nation now endures) in his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920).

Your statement of "the father of 'Keynesian Economics' which our nation now endures" indicates that you don't have a high opinion of him, and if so, that makes you quoting him as evidence seem a bit odd.

Now, the simple fact a famous historical figure (whether it be Voltaire, Keynes, Lincoln, or someone else) happened to say something means much of anything in terms of whether it was true or not. However, if one is going to quote a historical figure, it's very important that someone quote them properly, and not give false quotes they didn't say. That is my problem here.

As for this Keynes quote, this one is inaccurate as well. It is, to be fair, an edited version of something he actually said, but still an inaccurate quote. Here is what he said:

"If, however, a government refrains from regulation and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."

The inaccurate quote you offer rewords the beginning and then cuts out the middle half of the sentence without using anything to show that is the case (such an ellipsis).

How about this one?:


"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavour to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed." -- Abraham Lincoln in a letter from to Col. William F. Elkins, November 21, 1864

I don't need Abe to tell me about what I can see with my own eyes.

Well, if you don't need Abraham Lincoln to tell you something, what does it matter if he said it or not? However, we run into the problem that this quote appears to be a total hoax, as explained here:

FACT CHECK: Abraham Lincoln's Capitalism Prophecy

Did Abraham Lincoln issue a prophetic warning about the tyranny of capitalism?

www.snopes.com

So you've given three quotes. The first one, attributed to Voltaire, appears false, or at least no one can point to the source. The second one, from Keynes, is more accurate, but still is edited and cuts out half of the sentence. The third one appears very much to be a total fraud.

I must ask at this point: Why do you accept vague Internet quotes like this so easily? Why don't you make sure they're real before spouting them off? Do you not care if you falsely ascribe words to someone that they did not say?

In fact, speaking of Abraham Lincoln, he had very wise words on this very subject: