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reYKCuf (January 1, 1970 at 12:59 am)
People there are horrible things on the horizon, if you care about yourself or your family you need guns, food and water. The government won't be there.
Tunedup81 (January 1, 1970 at 12:59 am)
well. I kind of agree with you. thanks for explaing your point. I'm struggling to understand how you and I can pay off an approximate debt of $35,000 debt when thats assuming children at the age of 1day old can contribute. and senior citizens at 80 can. working class and age are forced to split this bill. and I'm sorry with that 35k is attached an interest similar to that of a credit card. I cant pay my bills as it is and with major job loss thats putting more stress on the system thus its fail.
robms18 (January 1, 1970 at 12:59 am)
caused the dollar to not equal its own fixed exchange value in gold. That is why the gold standard cannot work in a non-mercantilist economies, like the economies of most countries. Debt is not a bad thing unless you cannot pay it back. The U.S. has never defaulted on its debt, and probably never will, even with the current financial crises. Also, Congress did not change the Constitution, they simply added to government though the Federal Reserve Act.
robms18 (January 1, 1970 at 12:59 am)
The money that exists in today's economy is backed by the idea of comparitive advantage. Once you understand how that works in a world with international trade and floating exchange rates, you will understand where the purchasing power of a dollar comes from. The reason we left the gold standard was because inflation (something that is good if happening moderately over time, as it did in the time of the gold standard)
tim6575 (January 1, 1970 at 12:59 am)
I ment to say not COPPER OR PAPER! The Mindset of most Americans Are so stupid and they all need to wake up (I mean to think that PAPER IS MONEY FUCKING RETARDS)
tim6575 (January 1, 1970 at 12:59 am)
I can not believe Americans are standing Idle While our GOV. Is suppose to be a country of The people For The People By The People That last part is far from the truth..(BY THE PEOPLE?) This all happening cause of the Banks.Sezing up credit And puting fiat Money with interest in our System that is suppose to be backed By GOLD
tim6575 (January 1, 1970 at 12:59 am)
6:20 to6:35 (COINS) Reason? Coins Are money gold silver...NOT COPPER!!!!
DanielHubb360 (January 1, 1970 at 12:59 am)
yes, and wilson. however, it does a really shity job.
DanielHubb360 (January 1, 1970 at 12:59 am)
I disagree, and so do many leading scientific economists. Ron was right about this situation happening, he was talking about it long before anyone would admit there was a problem. This isnt the 1920's. Our economy has been running on the circulation of dept.Let's talk about housing. Why would they be concerned with keeping housing prices up, when people our having trouble buying houses. Their prices went up because there was so much credit available. Every action has a reaction.
Tunedup81 (January 1, 1970 at 12:59 am)
he's right and wrong.. Congress back in 1913 I believe it was changed the constitution to allow private banks (made up by a few people) to enable the Federal Reserve Act.. at which time most of Congress weren't there to be given the chance to vote on this bill. Your'e stating support for the few folks that actually have control of our economy. obviously its working. Printing money out of "Thin Air".. with no actual backing. 1973 shows what happens. Inflation EVERY year sense and Major Debt. |
