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02-24-2019, 07:45 AM

Quote:
Originally Posted by jimmyg View Post
I see that your rhetorical "tactics" haven't changed a bit. Attack the presenter rather than the substance. Good work.

J
People have said it and now I know it is true. Stupid can not be fixed.
  
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03-06-2019, 10:57 AM



"A value-dictated, purely fiat, currency exists through force and fraud. As the fraud grows thin and obvious, the greater and more pervasive the force must become. If imports are needed, wars of aggression will follow to extend and maintain the 'sphere of influence', a euphemism for control. When force finally falters, the currency collapses. A value-dictated, purely fiat currency is not an innovation— it is among the oldest forms of tyranny."


Jesse

"It would be no sin if statesmen learned enough of history to realize that no system which implies control of society by privilege seekers has ever ended in any other way than collapse."

William Dodd, US Ambassador to Germany, 1933


"I was in Moscow doing business when the rouble was dying after the collapse of the Soviet Empire [and with the collapse of that political force, the failure of the state dictated exchange rates for their currency]. It made a lasting impression."

Jesse 2010
  
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03-08-2019, 03:43 AM

On Wednesday, leftist economist Paul Krugman, who is Jewish, eager to show his fealty to the political Left over any loyalty he has to the Jewish people, responded to the furor that has erupted over the anti-Semitic comments of Rep. Ilhan Omar by stating that the only anti-Semitism that frightens him is the anti-Semitism from the political Right. Krugman also used the opportunity to take a swipe at President Trump, tweeting, “There are three things in life that are certain: death, taxes (unless you're Donald Trump), and persistence of anti-Semitism. But only one brand of antisemitism scares me – and it's not on the left.”

Looks Sofla backed another winner... they can't help themselves, they love RACISTS because this is the party, it's what they do, what they've done and what they will continue to do.


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03-08-2019, 09:46 AM

I have read a lot of people stating emphatically that what Rep. Omar said was anti-Semitic. Forgetting for the moment how the Jews seem to be the only group that are referenced as Semites, when the term should reference far more people from that region, can someone please explain to me exactly why, in detail please, her comments are considered racist or anti-Semitic? I see both Dems and Reps seem to agree with the allegation against Omar, but I confess that while I oppose any kind of bigotry, and Omar may in her heart hate the Jewish nation, I do not perceive her comments in the same light. Please distinguish how one might criticize a Semite, and not be anti-Semitic.

I am far too cyncial to believe I might change any minds here, but maybe an open mind is possible, perhaps, just slightly?

The Quotes that have been attributed to Omar, in red, and my comments follow:

"I want to talk about the political influence in this country that says it is okay to push for allegiance to a foreign country,”

I assume this to be an attack against Jewish-Americans who are being accused of having dual allegiance? That is an interesting take, considering how many times we have been told that questioning Obama's allegiance to the US was not racist. Or how Dems are questioning Trump's fascination with Putin? What of the non-Jewish Americans who are pushing for pro-Israel policies, simply because they are being paid handsomely to do so? Is that collection of law-makers fair game for criticism, as they have no Jewish ancestry? We have a long history, in this country, of questioning other Americans' allegiance or Patriotism, including accusations of destruction of this country from the inside.


"Israel has hypnotized the world, may Allah awaken the people and help them see the evil doings of Israel"

This is clearly a shot against the gov't of Israel, presumably, regarding Israel's treatment of their Palestinian neighbors, where Israel is expanding into Palestinian settlements. So is Israel not fair game to question their actions in the region? We can safely criticize Venezuela, Syria, or Iran, but God forbid, someone says anything against Israel policies they are racist, or Anti-Semitic?

"All about the Benjamins baby" in reference to AIPAC, a Pro-Israel lobbying group who push for pro Israel policies.

It would be very naive and hypocritical for us to assume powerful pro-Israel lobbying groups do not have considerable political influence over Washington. It is not just AIPAC, but several pro-Israel lobbying groups, who provide significant financial support to both parties, which explains why many Dems also wish Omar to keep her opinions to herself.

https://www.vox.com/policy-and-polit...-semitism-jews


"And why beholdest thou the mote that is in thy brother’s eye, but considerest not the beam that is in thine own eye?"
  
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Another central banking scam failure..
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Another central banking scam failure.. - 03-10-2019, 06:55 AM

Not-So-Super-Mario Draghi's Day Of Reckoning Has Arrived




https://tomluongo.me/2019/03/09/drag...-can-next-guy/

"Draghi has told the markets what the score is. He’s not Super Mario. He’s just another in a long line of clueless shysters who have reached the end of their scam..."

Mar 10, 2019 9:20 AM
  
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03-16-2019, 03:37 PM

Keynes Is Dead - This Is The 'Long-Run'




https://blog.evergreengavekal.com/ke...-the-long-run/

...desperate measures have done more harm than good... chronic over-reliance on short-term, feel-good medications has led to a serious long-lasting disease.


Mar 16, 2019 4:30 PM
  
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03-23-2019, 06:43 PM

“Heads of the top sovereign wealth funds from the Gulf states, Russia and other emerging markets were in fighting mood in Davos. Leading the calls for tighter regulation and codes of conduct was Larry Summers, the former US treasury secretary. ‘What would happen in a 1992-type situation, he asked, if SWFs were involved in speculating against a currency as George Soros speculated successfully against the pound? It would create intolerable diplomatic tensions. We need ex ante assurance that this type of situation will not happen. That is why we need a code of conduct.’

Not so, retorted the funds. We have always been and remain responsible investors. We do not need any of your codes of conduct imposed on us. On the contrary, it is up to you in the heartland of your famous capitalist system to get your act together. You have lectured us for decades on the need for tighter bank regulation, anti-money-laundering rules and so on and now you are in a bigger mess than we ever got ourselves into. It is your banks who are coming cap in hand to us because they made such a mess of their business under your much-touted regulatory regimes. Get your own houses in order.


Central Banking Publications, 29 January 2008
  
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100% Hack.....
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100% Hack..... - 03-25-2019, 05:51 AM

  
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04-11-2019, 08:39 AM

  
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05-04-2019, 12:07 PM

Why Fed Chair Powell Is A Laughingstock




https://acting-man.com/?p=54311

...more important than the future direction of the federal funds rate, is the question of why there is even a federal funds rate to begin with...The work is crude. The work is fake. The plotted dots are meaningless...

May 4, 2019 2:55 P
  
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All together now..."Ponzi"....
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All together now..."Ponzi".... - 05-05-2019, 03:44 PM

World's Biggest Cash-Money-Printer "Confident We'll Be Selling More Machines Soon"



“We are confident that we will soon be selling more machines...”

May 5, 2019 2:20 PM
  
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05-19-2019, 02:50 PM

Fed Lie Of The Day: "Low Inflation Is One Of The Major Challenges Of Our Time"




Fed Chair Jerome Powell is preaching economic nonsense...


May 19, 2019 4:35 PM
  
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05-30-2019, 09:55 AM

“The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true. It really happened. These suspicions are valid.”

Neil Barofsky, TARP Inspector General

“We didn’t truly know the dangers of the market, because it was a dark market,” says Brooksley Born, the head of an obscure federal regulatory agency — the Commodity Futures Trading Commission [CFTC] — who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country’s key economic powerbrokers to take actions that could have helped avert the crisis. ‘They were totally opposed to it,’ Born says. ‘That puzzled me. What was it that was in this market that had to be hidden?'”


PBS Frontine, The Warning
  
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11-09-2019, 08:41 PM

  
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11-29-2019, 04:39 PM

Executive Order 6102


How exactly was the fix put in place?

In 1933, the matter first came before the Supreme Court. Franklin Roosevelt’s Executive Order 6102 made it illegal for citizens to own gold, except in the smallest of quantities.

It came to the Supremes in a series of disputes called the Gold Clause Cases. “Where in the Constitution did the president get that power?” people wondered.

Back then, some investors recalled that the feds can play fast and loose with the dollar, as Lincoln had during the War Between the States.

Gold clauses in contracts protected them by insisting on gold as a means of settling up. Eliminating the gold clause meant taking away the ability to protect against inflation … and substantially altering the terms of the deal.

But the Supremes went along with it. Colleague Dan Denning, our coauthor on “The Bonner-Denning Letter,” tells the tale:

First, let me quote a few brief passages from [Justice James] McReynolds’ dissent. They capture the spirit of his objection and the relationship between sound money and political liberty. McReynolds writes that:

“Just men regard repudiation and spoliation of citizens by their sovereign with abhorrence; but we are asked to affirm that the Constitution has granted power to accomplish both.

“No definite delegation of such a power exists; and we cannot believe the farseeing framers, who labored with hope of establishing justice and securing the blessings of liberty, intended that the expected government should have authority to annihilate its own obligations and destroy the very rights which they were endeavoring to protect.

“Not only is there no permission for such actions; they are inhibited. And no plenitude of words can conform them to our charter.”

McReynolds went on to make the point that when you buy a bond or make a loan, “the creditor agrees to accept and the debtor undertakes to return the thing loaned or its equivalent.”

Because Roosevelt’s Executive Order meant companies could be paid back in depreciated dollars instead of gold coins or gold equal to the value of the original loan, McReynolds recognized that this was a de facto default.

The gold clause guaranteeing creditors be paid back in gold or something of equal value “prevents the borrower from availing itself of a possibility of discharge of the debt in depreciated currency.”

Congress went along with it, too. And then, still in the minority, McReynolds saw the handwriting on the wall: The feds themselves might be the main beneficiaries. Congress would be able to borrow … and then wipe out its own debt by inflation. McReynolds:

We are dealing here with a debased standard, adopted with the definite purpose to destroy obligations. Such arbitrary and oppressive action is not within any congressional power heretofore recognized. The authority of Congress to create legal tender obligations in times of peace is derived from the power to borrow money; this cannot be extended to embrace the destruction of all credits. […]

For the government to say, we have violated our contract but have escaped the consequences through our own statute, would be monstrous. In matters of contractual obligation the government cannot legislate so as to excuse itself. […]

Whatever may be the situation now confronting us, it is the outcome of attempts to destroy lawful undertakings by legislative action; and this we think the Court should disapprove in no uncertain terms. […]

Loss of reputation for honorable dealing will bring us unending humiliation; the impending legal and moral chaos is appalling.


Humiliation Afoot

With the gold clause out of the way, the coast was clear. The feds floated out one program after another, meddling in every aspect of human life.

There was now a third party in almost every transaction — the federal regulator.

By the 1950s, the fake wars had begun, too — major wars — with no declaration or funding from Congress.

By the 1960s, the Johnson team had a full-scale war in Vietnam (a country with no capacity or intention to harm the U.S.).

In addition, it launched a War on Poverty, too … intended to create a Great Society, where the lambs would lie down with the wolves and fruit would hang from every ghetto palm.

But humiliation was afoot. It was soon clear that the feds were going to run out of money.

And this time, it was the Nixon team that shirked its duty. Rather than admit that it had overspent, President Richard Nixon repudiated the last link with real money and the ability of foreign governments to exchange their dollars for gold at the promised rate.

Now, the feds had gone Full Paper. Their money was nothing but pieces of paper backed by what was soon to be the world’s biggest debtor.

And now, there was nothing stopping them … There was nothing to stop the chaos McReynolds foresaw.
  
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