What is Digg?34 Comments
- inactive, on 01/30/2009, -1/+41PLEASE .... wake up America!
- FreedomsFire, on 01/30/2009, -1/+35How are the Republicans ever going to explain to their base how all this is true now but a year ago Ron Paul was a nutjob? It doesn't matter, it's good to see they're finally starting to get it.
- inactive, on 01/30/2009, -3/+30That video is an eye opener. I may Like Glenn B after all.
- Lawofnations, on 01/30/2009, -0/+26I went to my friendly neighborhood coin dealer a few days ago to cash my weekly paycheck, looked at the spot quote on the wall and said: "Wow, my gold is REALLY going up!" He replied: "Your gold isn't going up. The paper is going down. YOU of all people should know that." He was right. That's why gold and silver coin are mentioned emphatically four times in the Constitution (1789) to be the only form of money to be recognized as a dollar in this country. There is no inflation with gold and silver. It is an impossibility.
Mr. Beck starts out his speech by saying dollars or money are being printed by the Federal Reserve. Not so. There is no law that says Federal Reserve Notes are dollars or money. Only gold and silver coin are money [see: Title 31 U.S.C. section 5112(a)]. Period. Why people use worthless paper printed at will by a criminal syndicate called the Federal Reserve Banking Cartel is beyond my scope of understanding. Which brings me to two more points and then I'll go:
1. In 1965 LBJ enacted the Silver Coin Act to remove the silver from the lawful dollars to pay for the Vietnam War. "The Great Society" that he referred to at that time was a reference to the Babylonian banking system which crashed in the same method our debauched monetary system is crashing now.
2. In 1985 congress enacted the Gold Coin Act to restore and recirculate the lawful dollars as described in the Constitution. No one has any excuse anymore now that the coin is available. If you cash your paycheck for it, save some of it, and spend the rest in your community for goods and services you and those you transact with will survive this depression unscathed. - inactive, on 01/30/2009, -1/+23This one makes the point a little more emphatically if you stay through the end, volume up:
http://digg.com/business_finance/Current_banking_c ... - inactive, on 01/30/2009, -1/+19Time to brush up on history. This stuff is not new.
The Money Masters.
http://video.google.com/videoplay?docid=-515319560 ... - inactive, on 01/30/2009, -1/+19Glad to see that some people have finally opened their eyes.
Now to make this more frightening......
1.- Obama's stimulus package costs 850 Billion and needs to be paid for
2.- There are still about a half trillion of Bush's bailout left to pay for.
3.- The 2009 Federal budget will need a trillion dollars of financing.
Now read Putin's speech at Davos http://digg.com/world_news/WSJ_com_Putin_Speaks_at ... and read the economic editorials from the China Daily such as this one http://www.chinadaily.com.cn/china/2008-09/12/cont ... and you will see that we cannot sell two trillion in Treasuries. There aren't any buyers out there.
Glen Beck is shocked (with reason) about the expansion of M1 - the basic money supply - but we will at least double it this year.
That may trigger foreign Central banks to divest themselves of dollars, further devaluing the currency.
We are headed straight for the cliff.
Now can we start to listen to the Austrian economists? Please. - Lawofnations, on 01/30/2009, -1/+17Pretty please with no mercury-laden high fructose corn syrup on top.
- SatoriSeeker, on 01/30/2009, -1/+17Folks, click on LOW QUALITY is you are having the problem where it stops and switches halfway through.
- mareln72, on 01/30/2009, -1/+15True True True True True True True get the point its True.
- emazur, on 01/30/2009, -2/+12Is anyone else having problems where the video cuts off around the time where Beck is talking about Nixon, and then moves onto another video? It's happened to me with both Firefox and IE
- inactive, on 01/30/2009, -1/+9Maybe if you say pretty please?
- bcomeaux, on 01/30/2009, -0/+8He says that nobody has ever done that. Japan did it beginning in 2001, the first episode of quantitative easing. It had minimal impact, but did manage to create a bond bubble at one point which burst in June 2003. It nearly collapsed their entire financial system. No, their printing didn't make their currency worthless, but it did nearly set their economy back an entire decade. M1 should really not be used to measure inflation. Money AMS (Austrian Money Supply) should because it takes credit destruction into account.
- inactive, on 01/30/2009, -0/+7Could you please elaborate or provide links on #2? Specifically the tax implications (I am hoping you are in the US).
I have also heard that one can get paid in American Gold Eagles, and would have to only pay income tax on the face value of the coin, but the tax kicks in as soon as you redeem them for paper money... so it looks like the mafia has perfected the traps.
I am very interested in keeping my paper balance in the bank close to zero so that I contribute as less as possible to the fractional reserve debt pyramid. - emazur, on 01/30/2009, -0/+7That fixed it thank you. Wonder who the jackass was who dugg down you and me in the above post?
- Lawofnations, on 01/30/2009, -1/+7Printed "money" is borrowed into circulation. By being borrowed it represents a debt. Therefore it is a problem. JFK printed silver-backed United States Notes which did not represent a debt. He was murdered as a result. LBJ's first act of office after the murder was to call in all the U.S. Notes and recirculate the unregulated Federal Reserve Notes printed by a privately owned banking cartel.
- Lawofnations, on 01/30/2009, -0/+5A search engine is a computer program that retrieves documents or files or data from a database or from a computer network (especially from the internet). If you have access to computer that is connected to the internet you will find a variety of search engines available to you. Scroogle Scraper is the best. Type in the following: 1985 Gold Coin Act, or specifically the Gold Bullion Coin Act of 1985.
I am not in the US but domiciled in the California Republic (great weather out here BTW) and am thereby a non-taxpayer. I take my check to the coin dealer and write on the back: "Redeemed for Federal Reserve Notes - parity of value unknown." This qualifies the check. I then write "Pay to the order of (insert name of coin dealer)" and sign it. The coin dealer gives me my coin and a receipt showing what I received cash in hand. The receipt is evidence of what I was paid. This is the only document that accurately proves how much I was paid. Now I go out and spend the coin. Two movie tickets, popcorn and two sodas are one silver dollar. A haircut is one silver dollar. Dinner for two at a nice restaurant, with wine, is four silver dollars. One months rent is twenty-five gold dollars. And so it goes..
If you choose to cash the dollars in for worthless securities [see: IRC 165(g)] I suggest you wait until you get a better return. As there is no paper trail evidencing that you redeemed the gold and silver for paper then the "mafia" cannot tax you.
There are companies that pay in gold dollars. One of the earliest examples is owned by Robert (Bobby) Kahre. You may want to do a search on his name also should the spirit move you.
I should warn you that one should be discreet about using the coin; merchants tend to stop what they are doing when they see you walking into their place of business, move you to the front of the line, and wait on you personally. - roho76, on 01/30/2009, -1/+5Listen up Global Warming people. We won't be able to fix ***** if we don't get a handle on our economy and by that I mean stop printing and spending.
- inactive, on 01/30/2009, -1/+5"Nutjob" is nothing, us RP supporters (the vast, vast majority of whom merely wanted to be left the ***** alone -- to the point that hippies formerly from the left occasionally sat next to gun nuts formerly from the right, in an amazing Amerian phenomenon!) were all "terrorists" -- ask Glenn himself! (I wonder if he regrets engaging in that ***** yet?? It would be nice, if he did, if he'd admit it!)
- XanderDee, on 01/30/2009, -0/+2Tell the people of Zimbabwe how it's not a problem.
- Richandler, on 01/31/2009, -1/+3Seriously, the whole idea is extravagant spending and devaluing everyones savings, making it worthless to invest in a CD or a the stock market because it doesn't even return at the rate of inflation is immoral. Banks and business don't payout to investors or humble people with 401Ks because they can borrow money from our government for cheaper. That is immoral action against the wealth and prosperity of the people.
The libertarian idea that this is bad is not a political mantra it is a moral issue. Requiring people to pay for a stimulus now or in the future is immoral. Redistribution of wealth is immoral. - XanderDee, on 01/30/2009, -1/+3I have no fear. I have gold, silver, food and above all a community that has done the same thing. So the government can break the law all it want's it does not affect me or the community that I live in.
Good Luck. - nymphetamine, on 01/30/2009, -1/+2Bacon.
- inactive, on 01/30/2009, -0/+1"JFK printed silver-backed"... like I said, money being printed is not the problem.
JFK being killed is not a printing press. That is a straw man argument.
I agree that a resource backed money is better (like the silver), but it still doesn't change my basic argument that money being printed is not the problem. - Lawofnations, on 01/30/2009, -0/+1Sagacious advice to those who make the mistake of giving a polite, direct and truthful response to trolls: Never argue with an idiot. They'll drag you down to their level and beat you with experience.
- inactive, on 01/30/2009, -1/+1What resources back their money?
- inactive, on 01/30/2009, -2/+2No, no! That can't be a central banker's fault (along with a dictator!). It MUST be a stockbroker ***** that country up! Damn those stockbrokers!!
- 67Cowboy, on 02/07/2009, -0/+0WOW !!! That's the best video I've seen since Aaron Russo's film FREEDOM TO FASCISM at RestoretheRepublic.com , it sure filled in some lost pieces for me !!!
DEBT FREE US NOTES to pay off all Government Bonds and get rid of the Federal Reserve which isn't Federal or Reserve !!!
And don't rely on the Gold Standard because it can be manipulated by greed and individuals !!! - 67Cowboy, on 02/06/2009, -0/+0Or if you tell them about the ONE WORLD GOVERNMENT that's planning on kicking them out of their own country !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
- 67Cowboy, on 02/06/2009, -0/+0But you forget my friend the country that is buying this debt has 4 soldiers for every person in America; so how long before they show up and send you off to a RED CHINA prison camp for back taxes ??? Because what little precious metal you have will be confiscated just like it was in America once before !!! We need to kick all these idiots out of office and put the kind of Moral people in office that will run this country right !!!
- 67Cowboy, on 02/06/2009, -0/+0True, they have been telling people this for the longest. http://www.restoretherepublic.com !!!!
NORFED use to tell people about this and even tried to help, but was illegally put out of business !!! - 67Cowboy, on 02/06/2009, -0/+0Many of us REPUBLICans were behind Ron Paul, and we weren't even allowed to nominate him at our convention, because of the lefties that secretly invaded the party and kicked us out of our own convention. The record is at Restoretherepublic.com !!!
- SatoriSeeker, on 01/30/2009, -5/+4Having the same problem, wtf is fox censoring this???
- inactive, on 01/30/2009, -7/+1I'm surprised people worry about money being printed but they party when their stock splits.
More money being printed is not the problem, but it is the interest rates tacked on it that is the problem.
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