The Myth of Money

[Petros2015]

Thought this was pretty fascinating and crazy - kind of step by step how the Fed handled the 2008 crisis (also before then, Brazil inflation horror story + how it was fixed)

The Invention of Money - This American Life

So... your favorite Fed conspiracies here please

And, this podcast was done in 2011, about the 2008 1.25 trillion bailout...
'and this will never be normal, or if anything like it is ever done again, it will be a long time from now'

lol.

Hello 2020. Hello $6 trillion +.

Also, the podcast ended with a fun little sing songey that I was able to find the original for on youtube. Once I saw it, it reminded me of this forum and I knew it belonged here.

Enjoy

 

[jhwatts]

They have no choice but to destroy the dollar. The interbank lending rate is at zero. Print money and give every body checks from here on out. The checks will become more frequent. That is assuming the people doesnt figure out what is up and we just go straight into hyperinflation.

The fed is a communist organization.

The fifth plank of Communism is below.

Centralization of credit in the hands of the State, by means of a national bank with state capital and an exclusive monopoly

 

[Petros2015]

The fed is a communist organization.

It is a little... interesting, I have to say. Never looked at it closely before
The Fed - Who owns the Federal Reserve?.

 

[jhwatts]

You know what is really crazy is the idea of currency is based on phoenician maritime law. The dollar actually is not money but currency. Money must maintain a store of value over time. The dollar looses its value over time. Thats why grandpa could buy a whole bag groceries for a dollar but we cant now. Think about the word current. A waters current flow into the edge of the sea, its bank. The Phoenicians alao gave us the Phonetic alphabet.

The Phoenicians are actually the Canaanites. The builders of the tower of Babbel.

So ask your self a question, is that an eagle on the back of your dollar bill or the Phoenicians Phoenix. A Phoenix will die but be reborn. Our currency is about to die but will be reborn soon enough. It's the fourth time the currency has died in the USA.

 

[jhwatts]

Ten Planks of the Communist Manifesto | From the Trenches World Report

For thread information. I hate to direct people away but people need understand the tools of the devil

 

[Shrewd Manager]

Well the fact is that, since the inauguration of the current system under the Bank of England in 1694, money is created anew as debt subject to interest by a method reserved to authorised institutions that (let's say) diverges from generally accepted accounting principles. So usury is the problem, it's the mortal sin that once was but is no longer.

It's the magical money machine born from the love of money at the root of all evil. The problem with interest is only grade 3 math, each borrowing requires further borrowing to service the interest, which increases as it does so, ultimately leading to total systemic collapse under its own weight.

So it's a weapon of dispossession, a tool of total enslavement. This was how it was permissibly used by the Jews in the OT times against their enemies, and we're now seeing the beast truly unleashed.

So it's good to have Jesus Christ, to whom all who are heavy-laden can come for rest, who breaks the death-grip/ mortgage and frees the debt-slaves at the super-Jubilee. Tetelestai.

 

[jhwatts]

This is the real crisis.

Crack-Up Boom Definition

Read the first sentence. The recession was caused by the virus and central has committed to print money untill all is lost.

Fed Chair to Congress: Do Whatever It Takes to Keep the Economy From Collapse

The stimulus checks have nothing to do with helping the people only to expand the money supply.

Helicopter money - Wikipedia

We are moving vertical in the credit and debt expansion of the crack up boom and into hyperinflation.

What Causes Hyperinflation

The supply chain shocks are a tool to magnify the effects of the inflation. It will reach a point money wont work and people wont be able to buy anything. Then there will be serious chaos.

This will only get more intense from here.

 

[Shrewd Manager]

Von mises and his Austrian crew, about as trustworthy as Karl Marx.

The system has been in a terminal state of collapse since at least the 2008 thing. They've just been 'quantitative easing' ie pumping blood into the corpse to make it dance, since then.

Usury is the problem, 'It's the interest, dummy'.

Inflation and deflation are caused by a disparity in the volume of currency in circulation to the represented pool of property. Too much money chasing too few assets and vice versa.

That's why they try to monetise anything: carbon credits, futures, options, bitcoins, digital virtual concepts, you name it. But compound interest, that's the beast that won't quit.

Hyperinflation is a likely scenario, but it's just a means to effect total enslavement.

 

[OldWiseGuy]

No worries. We can't print money fast enough to keep up with it's flight from the domestic U.S. economy. The U.S. dollar is also competing with the domestic currencies within many countries. It is estimated that one-half of the entire Russian economy (the black market) is traded in U.S. currency. Immigrants from Central America send $50 Billion annually to their countries of origin. Our global trade deficit sends $600-$800 Billion out of the economy each year. The drug trade removes another $60 Billion from the general economy. We need to print more money to make up for these losses. Fire up the presses!

 

[LockeeDeck]

No worries. We can't print money fast enough to keep up with it's flight from the domestic U.S. economy. The U.S. dollar is also competing with the domestic currencies within many countries. It is estimated that one-half of the entire Russian economy (the black market) is traded in U.S. currency. Immigrants from Central America send $50 Billion annually to their countries of origin. Our global trade deficit sends $600-$800 Billion out of the economy each year. The drug trade removes another $60 Billion from the general economy. We need to print more money to make up for these losses. Fire up the presses!

There is also the petrol dollar to consider as OPEC countries only deal in US dollars. Countries that want to buy oil have no choice but to buy US dollars if they want to do business with OPEC.

This combined with what you mentioned means that there are more dollars outside the US than inside. This means if we inflate our currency the problem is distributed around the world instead of just inside the US. It's actually a huge advantage that no other country has but it's also a huge bargaining chip that OPEC has.