You have no idea. We are the collateral for the debt, we are why debt notes exist. It is not money, it is a fiction, stop using the lie and be real abd so becomming free.
I appreciate your moral clarity on this issue. Just know that the Federal Reserve and the Government have this same moral clarity you do - which is why they need the gun in the first place. There are no guns when people trade value for value.
In a moral world, the government would go broke many times over paying reparations to those it has aggressed upon.
Although it is not likely anyone will be listening to your writings on the internet, don't announce your intention to not pay the banks on the internet.
I think taxes are unfair for exactly that reason, it's because the taxes we pay are paying for the government's debt to the federal reserve, which is no more a federal entity than federal express. Which that begs the question, if the federal reserve is a private organization printing and coining money, shouldn't a private citizen have the right to form a private company that mints silver coins meant to be used in circulation, even though it may compete with the federal reserve notes?
Member banks receive money from the Fed? Like for free?
The Fed owns Treasuries? You mean they bought Treasuries? By using money? And they expect to be paid back with interest? Just like I do when I but a Treasury?
How is that robbery?
The government gave my money to the banks?
Don't you mean the government loaned my money to the banks?
Do you see the difference between gave and loaned?
Money is debt and debt is money. $1000 treasure note is as good as $1000 Federal Reserve note.
That's part of the scam the banks are using government's ability to tax to receive a fee for printing dollars. When the government could do it on its own with out the fee.
The robbery comes when that money is created and spent it's the new money value skims off the top of everyone's wealth and robs from them. Then the government taxes people to pay the interest fee.
An FRN is someone's liability, it exists because someone agreed to pay it back with interest. That's what gives it purchasing power someone else needs it to pay off debt.
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency: the process engages all the hidden forces of economic law on the side of destruction and does it in a manner which not one man in a million can diagnose." - Lenin
You can not see the value of money going down because you have the same amount in you bank account or a bit more, but is it more than the value of money going down?
Prices would be lower, people would not have been gambling with houses, stock markets would not go up to crazy amounts, and there would be no catastrophic bank failures all at once.
National banks--those chartered by the federal government (through the Office of the Comptroller of the Currency in the Department of the Treasury)--by law are members of the Federal Reserve System. State-chartered banks and trust companies may apply for membership. To be accepted as a member, an applicant must meet requirements set by the Board of Governors.
Member banks must subscribe to stock in their regional Federal Reserve Bank
"It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Here is another one from AJ. "If the people only understood the rank injustice of our Money and Banking system, there would be a revolution before morning."
Henry Ford must have been a fan of Andrew Jackson.
man this sucks... every market on this planet RED tonight .... would like to link out side this solar system trade out there for awhile .. this planets market way fubar ... back to trading parsnips in paraguay... take care peoples ...
Well.. don't forget that it is all planned so they have a win-win situation for them. Not only you are getting robbed by additional taxation without representation but if you have a loan with a bank, do not forget that they force you to put a collateral with a ratio of 2 to 1 (or better on value).. you don't pay the loan, they take your assets.. and they warn their bank peers to not lend you by means of credit report. Bailed banks are now buying fail banks for cheap, so they can exapand reach.
No. Why pay the banks money they didn't have in the first place? They take part in fractional reserve fony banking. 90 some banks have failed already and I have no sympathy for them although I do feel bad for those employees who have lost their jobs.
I know now that no one should go into debt for anything, except to produce a product for sales to cover the debt.
Under our current system you should not fault anyone who can't pay. They help bring about the destruction of our currently corrupt monetary system. I am now glad that the ponzi scam of the dollar is ending.
I have always paid my debts and will always continue to do so. The bankers are thieves, we know that. Why would I want to be like them? Integrity has more value, not all wealth is financial. I came into this world with nothing and that'd how I'm leaving, possesion wise, but I want to leave a good reputation behind.
I see your points, and I guess the answer is that there's no standard answer. With some people, things happen to them that are life changing, such as becoming disabled or long term unemployment. To not honor obligations without justification is wrong. I'm no friend of bankers, but bad behavior on their part doesn't give me the license to return it. If I have to be dishonest to get ahead, I would rather not get ahead.
To live a life of mediocrity was the choice the producers of the world made in the book Atlas Shrugged than to support the dishonest.
That's fine. However if your a person who just learned that the banks loaned you money they stole? Why give them interest on money they did not earn or borrow from someone else?
Thus we should give back the stolen property not the interest portion of the debt.
Run up all dem credit cards - then scram! Guess what folks - this time, *I* win! No 28% for you - you ain't gettin' diddly. I'm goin to party just like the Goldman Sachs and AIG people did, knowing the end is near. Grab it and squander it while you still have the chance. Woooo-eeeee!
The answer to your question is "no". In fact, who really is the creditor? There is no substance to the money (as in the case of gold or silver) so what is the Fed lending? Credit? Whos credit? Can you really loan credit?
Debt repayment and tax boycotts are something that all Americans should do. By paying you are perpetuating the criminal activities of the banks, giving them your permission to abuse you. By not paying you will destroy the banksters and take back your banker owned government. It will be government of the people for the people and not, as now, government of the people for the bankers.
Yes, you are right it has to be a mass boycott so you overwhelm the judicial system. The law will come after you if it does not have large scale solidarity and you will not get the same bailout protection that the criminal bankers and politicians receive.
Great question First- the government hates people that steal ( THEY HATE Competition) Second -the banks make money the old fashion way ( THEY STEAL IT)
Thirdly- the federal reserve, If they didn't have the people to tax ( THEY WOULD ALL HAVE TO WORK FOR A LIVING)
Off topic a bit Davinci, but I thought about the fiat money and returning to a gold standard. If the US returned to that standard, wouldn't that put it in jeopardy with other countries that are still using the fiat system? Wouldn't the US be limited in terms of military spending, etc?
That does not mean that a gold standard is bad it means you must be fiscally responsible. Paper money allows you to be irresponsible because you can just make more until the day no one accepts it.
How do we even know the "Credit crisis" was for real? Did they present any evidence to the public before taking their trillions? Could have been one great lie from the beginning?
Exactly - I cant believe people say we have such a high standard of living now when as you said 1 income was enough to cover all life costs and now even double income with extended hours doesn't cut it....
I agree... I happen to only owe 18,000 to finish paying off my land, so I intend to pay... but I owe my money to the Texas Veterans Land Board, so maybe that's a little better.
Unfortunately, it doesn't work like that.... but what you say makes a lot of sense.
The Fed; which is not owned by anyone but more of along the lines of being owned by a group who function together for their own benefit. But it doesn't really mean they work together. The Fed is split up into 12 sections and the 12 banks run each part individually.
The hard part about you being a scumbag by not paying back your debts is the fact that when you don't, they'll just crash the markets again.
Then they will make us pay for it, because in their eyes. That is their right, they look at us and perceive us to be foolish and wreckless; which they have learned to enrich their lives off of our ignorance.
This is true their riches depends on the publics ignorance thus their goal is the keep the man's mind in the dark. To have the public fooled into believing that an item that bankers can create unlimited amounts of... is money, and enforce it with government guns is their power.
What really should make you sick i show easy it is for them to crash the system. All they have to do is agree with the banks to stop lending money. Is it supposed to be that easy?
The entire American public that owe the banks anything (most people) should unite and announce a GENERAL DEFAULT on all outstanding debt - as its invalid as they only still exist due to being bailed-out by the same people that "owe" them.
What are they gonna do - repossess every mortgaged home in the nation?
Power to the People. Actually, before you borrow, form an LLC or S-Corporation and borrow from the bank under those entities. If you don't feel like paying it back, then declare the LLC bankrupt, and you are off scott-free. That's how the rich do it!
mattandpatti222 claiming Ron Paul is part of a secret society. He is the most honest person in Washington. Wake up! If Ron was running things we might be recovering instead of this recoverless recovery.
No, you're not a "scumbag" if you don't pay it back. Although I do pay all of my bills on time I realize it's like choosing to be polite to my jailer. It really doesn't make sense.
Right! I don't think any less of anyone willingly skipping out on paying their debts in this economic climate -but I've chosen (at least for now) to continue to pay my debts. Like someone else said, I do it to keep my word and my honor. Just because we are lorded over by crooks and thieves doesn't mean I have to be one myself by emulating them. I went into debt with full knowledge of what I was taking on. Foolish? Perhaps. But I have a clear conscious.
If you borrowed the money from a person or merchant you should do all you can to pay it back.
If did it from a bank that created the money to enslave you by your choice, did you know before taking on the debt that the bank had robbed you?
Thus if you are being robbed you have a right to protect your wealth. Just have no illusion that there will be consequence for protecting your wealth via default of your debts.
If things were as cut and dry as that! My debts include: my student loan, my car and my home equity loan/mortgage (used to buy some of my metals and pay for service work on my house). The only direct bank debt would be the car and the service work...but again, I knew what I was getting into -and I didn't get in over my head. I have better job security than most and I've kept my debt load within a manageable amount. -I knew I could pay them off in a short amount of time.
I want to have a conversation about this it's a difficult issue many people have asked me this question about debt.
Personally if you can't pay it back to a bank I have no problems with you not paying.
If you have the ability to pay but refuse, I am not sure of the morality. On the one had you are refusing to pay back a robber that enslaves you many different ways. On the other hand you did agree to the enslavement.
It's a tough one to be sure. I guess it boils down to what a person is comfortable with. If you feel like you may be in dire straights if you do pay...I say don't. If odds are that you'll lose your home, car,etc anyway...then walk away. Don't make your family suffer.
The ability to pay but not...well I guess it would be ok if it was done as a form of protest. If done for that reason I guess you could say that it was done on moral grounds.
Personally, although I hold debt, I'm still buying metals (while I still can at a cheaper price) instead of putting it into a bank for savings or paying off my debts completely. In essence, I'm turning my metals into my savings account. When the dollar collapses, I'll cash some of them in and pay off my debts and have the rest as a sort of profit for my efforts. This way I'd both be fulfilling my promise to pay my debts AND maintaining my wealth by cheating the bank of my money. LOL!!
... but, I don't get it... if the dollar crashes to say like 10 cents. Wouldn't it be easier to start over when you have no debts?
If you owe money, you will still owe that money. But if you have $10 in your pocket with no debt. You still have $10 in your pocket. But, if everyone owes money and aren't able to pay their debts, wouldn't prices skyrocket in the store? It'll just hurt everyone in the long run. IMO.
The difference being that instead of me holding $10 of worthless devalued fiat currency, I'd have gold and silver in my pockets. I'd have my debts paid off with part of my stash and the other I keep for whatever I want or need.
Since we have become a mass credit-based consumerist society, there is little doubt that there will be many many people who won't be able to pay their debts...and we'll all face skyrocketing prices. I for one will have real money that the banks can't devalue.
Many have asked me if they should buy supplies and default on their debt. I have told them that to do so would be fraud under the current law and should not discuss such decisions on the Internet.
As for what they should do I only point out the facts of their situation and they must decide right or wrong, yes or no.
I'd say to them to pay what they can and spend the rest on supplies. If it's an either or sort of situation, then default and get supplies. What's a damned credit score when you're family is hungry? Fuck the banks. The gov't will bail them out. Who will bail us out? Trying to keep your word or end of a contract is one thing...dying for it is quite another. -Just my 2 cents.
It's like war isnt it. The soldiers in the trenches rarely have the time to rationalise the why's where's and what fors of their being there. They just end up fighting for their mates-in-arms and families. Maybe it's the same with folks paying their debts. Why else would it be this way?
Interesting questions davincij15.... WE are ONLY ALWAYS the creditors.. our SIGNATURES create the money. every time you sign the credit card slip at the store the merchant sends it to the bank and they monetize it. you create the obligation, the banks lend you nothing. we take out a loan and sign on the dotted line thinking the banks lent us their OWN money then they have us pay them back and also throw some interest on it as well... USURY!!! the banks are thieves enslaving everyone.
davincij 15 i saw your video how to free a slave,good but its not the dollar its the us
social security number.trash the ss# that is the way to free a slave.well untill every one get educate we are just in the begining of the revolutionaty cycle.
Yes, the banking system is robbing the public and cutting off job creation so they can save their own necks in the on coming hyperinflation caused by governments around the world dumping the dollar.
I haven't paid my Amex bill in 9 months. I just got a new phone and new phone number. They'll ruin my "credit rating", but why cares. I don't want to go into debt anymore.
Interesting drutter, I have a friend in the Philippines I was skypeing today and he said that his Amex card had its credit balance removed to 20 bucks he thinks they are in trouble.
Fiatmoney is the instrument of fraud of the banking-industry. Bankers form only a minuscule part of society but they rule everything and politicians are their serves. The laws which regulate the flow of fiat money through the economy are made by the banking industry, that's why the common people can't expect fairness in the money game of the money-creators. The more complex and inscrutable a system is, the more fraudulent it will be. We should therefore reduce the complexity of modern society.
davincij 15 only way to beat this is to come to america to learn to become an illegal immigrant. the more i hold on to this social security number i have,i will be robbed untill the day that i die.
this means nothing,EVERYONE needs to pull together and stop payin there bills and house payments....... but no one will do it because we need the bank just as much as they need us. its just another revolutionary cycle.
I am not giving them another penny. Pennies are more valuable than paper dollars. At least the penny is made of metal and I can melt the penny down and make wire or something. All I can do with a dollar is wipe my butt and regret it afterwards.
Funny you should mention that. Some guy paid an impound fee with nothing but pennies, and after some investigation I discovered that they would have to count every penny instead of weighing them to make sure all the money was there. I think the total was $80 worth with the minimum weight being approx. 55 lbs of pennies.
Nah, Canada is not the only one. I know Australia is the same. The Fed may be officially private, they don't operate like any private company. They don't get the profits, and they can't sell shares in the FED etc. Ask Peter Schiff or the guy who wrote The Creature from Geklyl Island. I think I got this info from them. 95% FED money goes right back to treasury
I got the same information from them. I know the banks can't sell the shares but I also know they get paid the interest the federal reserve earns after expenses.
Maybe you're confusing what they're doing right now, to what they used to do e.g a few months ago. At the moment, ever since the crisis, rules were changed,. This is only a few months old change. The fed have asked the bank to put their money with the FED and the bank get paid interest for it
Actually it is true in the US too. It was a tiny concession from the Bank Cartel to the US govt to get the Fed Res Act passed. The Bank Cartel could care less about a few billion in interest on T Bills. The Banks make $ from having the exclusive legal right to counterfeit (steal) trillions per year and charge interest on the $ they effectively create and lend the public.
Did somebody hold a gun to your head when you took out your debt? Be responsible for your actions, pay it off and never take out debt again. Promoting crap like this only destabilizes a society were honesty and integrity are dissipating quickly.
This is true, an eye for an eye leaves everyone blind and in this case if you don't pay the banks will just print it thus collapsing the system.
Mind you the banks will collapse the system anyway as they have ran out of people to rob.
So then the question remains.
Mind you I do feel different about it if the debt belongs to someone who actually had money to lend you in the first place. As you may already know the banks did not have the money, they created it.
the reality is that loans and credit cards from banks are actually simple business decisions that most people make everyday, even though they do not consider them selves to be in business. So the answer to defaulting on debt,it is simply a business decision, plain and simple. There are no morality clause in loan contracts, end of story.
Yes, there isn't enough money to pay back your debts. That is why you should never get into debt in the first place even if we are on a hard money system.
Our current system allows of unlimited credit and is unfair, thus it's destruction via defaults is a good thing.
A bit off topic sorry - but why wouldnt you just get gold mining stocks if the gold market is so bullish? -as leveraged returns would be 10 times more than in the price of holding the physical?
Lots of gold bugs I know do indeed do that. I do not. Typically, those who buy mining stocks are willing and able to do much more research into their picks and take the associated risks. I don't necessarily want to deal with it. Moreover, I prefer to hold the physical metal in case SHTF or the tyrants make it illegal for me to obtain *actual* metal.
Counterparty risk. Stocks can rise and fall, but PMs held physically in hand come only with the risk of the market price of the metal falling below what I paid. If a mining company fails, I have nothing. If I hold gold and silver, I still have my metals (even though they pay no interest or dividends). Granted, things look very good for the miners, right now, but I took my money out of the market for a reason. Your milage may vary. =^[.]^=
Yes but we are in a currency crisis and governments tends to do irrational things during a crisis such as rob the public. It's much easier to do that when you have a computer running things.
I trust stock as much as a derivative contract. I do have some stocks but very little of my net worth.
The mathematics of the dollar system is absolute their must be a reset and a default on the debt, via honestly by declaration (lol) or dishonest printing of money. Ether way it's catastrophic.
The scumbags who run the system have provided a great example to the public. Meaning don't let morality stand in the way of the bottom line. If it comes to the point where I can't pay my debts I would have no problem defaulting. That lack of morality only applies to faceless inhuman corporations however. As far as real human beings go, I'm a man of honor.
Luckily I'm in good financial shape due to living a frugal life for the last 15 years or so, so I won't have to default. I don't play the game
Good for you. Eye for an eye leaves everyone blind.
You should not have gone into debt in the first place but your are here and now and you have made a decision.
My feeling on the subject is indifference.
You have chosen to keep your honor surrounded by thieves with none. I am not sure if that will help you in the future other than building good habits that will always be used against you by thieves.
The amount of debt is inconsequential what is of significance is who gave you the money to borrow, a bank who created it out of nothing or a person or merchant that provided you with capital the had already accumulated.
If it was the latter then you must do all you can to pay your debt if it's for the former, then your failure to pay will aid in a small way to destroy the banking system and your bad credit will prevent you from getting credit from them.
The problem with that is an eye for an eye leaves everyone blind. The bankers will just print more and collapse the system wiping everyone out. But it's not like it's not going to happen anyway.
The federal reserve banking system of which you speak is not confined to our time. It has been economic orthodoxy for at least a hundred years, and is a logical extension of any capitalist economy.
This comment has received too many negative votesshow
The US Constitution is and was moribund from its beginnings. A country which decides everything according to a document is no different to a theocratic state.
I doubt the founding fathers would have foreseen the current complexity of the economy.
The US, based on the constitution, is the patron-saint of capitalism. Somewhat ironic that capitalism will cause the destruction of the US, no?
It does not have to be this complex. The complexity was created just as much if not more by the political system (redtape is not a capitalist term) as the capitalist system. The constitution and bill of rights may not be the perfect system, but we certainly were the envy of the world. We let DC bastardize the system.
Capitalism didn't cause the destruction of the US. Nor did greed, nor did lack of regulation.
Lawlessness and fascism caused the destruction of the US, as did income taxes (which are anti-capitalist in nature), the Fed, and the numerous small-minds that have occupied the Congress, the Presidency, and the Judiciary throughout the last 100 years or so.
Capitalism made possible most of the technological miracles of the last century. Without it, you'd still be under some despot's thumb.
I have decided to suck it up and mark my debt to market...taking a 78% haircut. I tried to explain this to a collection agent the other day...she didnt get it....
Bout time one of you guys gets to the root of how the game is being played. This is just the tip of the iceberg! The rabit hole goes far deeper then this, but this is a good start. Peace
PS, do banks really loan you "money" or do you create the "money" by your signature?
Nope! I actually pay my debt for the time being, but there is no ethical judgment against anyone who decides not to pay... though there will probably be consequences :(
I will be honored to be considered a Scumbag! I think the rest of America should join me. We can all be scumbags together. It's the honest thing to do.
You have no idea. We are the collateral for the debt, we are why debt notes exist. It is not money, it is a fiction, stop using the lie and be real abd so becomming free.
JEHERETIC 2 years ago
CANNABIS IS FREEDOM
Temple420org 2 years ago
I appreciate your moral clarity on this issue. Just know that the Federal Reserve and the Government have this same moral clarity you do - which is why they need the gun in the first place. There are no guns when people trade value for value.
In a moral world, the government would go broke many times over paying reparations to those it has aggressed upon.
TokDiYel 2 years ago
Although it is not likely anyone will be listening to your writings on the internet, don't announce your intention to not pay the banks on the internet.
davincij15 2 years ago
Fortunately, I don't owe anything to the banks.
TokDiYel 2 years ago
I think taxes are unfair for exactly that reason, it's because the taxes we pay are paying for the government's debt to the federal reserve, which is no more a federal entity than federal express. Which that begs the question, if the federal reserve is a private organization printing and coining money, shouldn't a private citizen have the right to form a private company that mints silver coins meant to be used in circulation, even though it may compete with the federal reserve notes?
SykesvilleCoin 2 years ago
Yes, but it would be illegal to do so. Thus we need money to be a free market item like a cellphone or a computer.
davincij15 2 years ago
Member banks receive money from the Fed? Like for free?
The Fed owns Treasuries? You mean they bought Treasuries? By using money? And they expect to be paid back with interest? Just like I do when I but a Treasury?
How is that robbery?
The government gave my money to the banks?
Don't you mean the government loaned my money to the banks?
Do you see the difference between gave and loaned?
patbarkley 2 years ago
Money is debt and debt is money. $1000 treasure note is as good as $1000 Federal Reserve note.
That's part of the scam the banks are using government's ability to tax to receive a fee for printing dollars. When the government could do it on its own with out the fee.
The robbery comes when that money is created and spent it's the new money value skims off the top of everyone's wealth and robs from them. Then the government taxes people to pay the interest fee.
davincij15 2 years ago
I have money in my wallet that isn't debt.
What do you think the Fed does with the fee? How much is that fee every year?
patbarkley 2 years ago
An FRN is someone's liability, it exists because someone agreed to pay it back with interest. That's what gives it purchasing power someone else needs it to pay off debt.
davincij15 2 years ago
My FRNs aren't my liability. I haven't agreed to pay anyone back, with or without interest.
Sounds like you've been listening to too many silly videos on YouTube.
patbarkley 2 years ago
Your not listening and becoming rude.
Continue and this would be my last reply.
I did not say it was your liability.
davincij15 2 years ago
I'm glad you agree.
Did you ever figure out how much the fee is that the nasty Fed charges us every year? Do you know what the Fed does with those earnings?
patbarkley 2 years ago
The robbery is the debasement of the currency...
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency: the process engages all the hidden forces of economic law on the side of destruction and does it in a manner which not one man in a million can diagnose." - Lenin
You can not see the value of money going down because you have the same amount in you bank account or a bit more, but is it more than the value of money going down?
davincij15 2 years ago
Wow, now you agree with Lenin? LOL!
You imagine there was no inflation or deflation before the Fed? You imagine there would be none if the Fed went away?
patbarkley 2 years ago
Prices would be lower, people would not have been gambling with houses, stock markets would not go up to crazy amounts, and there would be no catastrophic bank failures all at once.
davincij15 2 years ago
Prices would be lower? Lower than what?
Ahhh, there was no gambling, no bubbles and no bank failures before the Fed?
patbarkley 2 years ago
Food, and energy.
I never said that there would be no bank failures or bubbles. Those words are not in my message.
davincij15 2 years ago
If we get rid of the Fed, food and energy will be cheaper?
I'm glad you know that banks failed and horrible deflationary depressions occured before 1913.
Many people think they only started after 1913. You don't think the Fed was created by 3 Senators over Christmas break, do you?
patbarkley 2 years ago
Let's agree to disagree and let reality be our final arbiter.
davincij15 2 years ago
I'll agree that you run away when someone who knows more than you shows up.
If you ever figure out how much the Fed "ROBS" us of every year, please let me know.
patbarkley 2 years ago
I stop trying to prove my point when someone uses insults to prove their case.
davincij15 2 years ago
You don't know who the member banks are?
National banks--those chartered by the federal government (through the Office of the Comptroller of the Currency in the Department of the Treasury)--by law are members of the Federal Reserve System. State-chartered banks and trust companies may apply for membership. To be accepted as a member, an applicant must meet requirements set by the Board of Governors.
Member banks must subscribe to stock in their regional Federal Reserve Bank
patbarkley 2 years ago
Great video. I love your comments.
pomnew 2 years ago
"If the American people only knew the true nature of banking there would be a revolution before morning."
- Andrew "Bankslayer" Jackson
redmolotail 2 years ago
Actually that was Henry Ford that said that...
"It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
davincij15 2 years ago
Here is another one from AJ. "If the people only understood the rank injustice of our Money and Banking system, there would be a revolution before morning."
Henry Ford must have been a fan of Andrew Jackson.
redmolotail 2 years ago
no. you would be robin hood.
but there gose your credit... and your house or what ever colateral you but up.
STUDMUFFINUSA69 2 years ago
Great question Davinciji15.....
You taught me everything I know about the Comex markets....
I was impressed with you then and I am still impressed now....great job bro!!!
TheUrbanSurvivalistS 2 years ago
the only thing trading up tonight
is the american dollar...
wouldn't touch
the dollar ..
with davincijs capital....
chena3 2 years ago
lol
davincij15 2 years ago
chena3 2 years ago
Well.. don't forget that it is all planned so they have a win-win situation for them. Not only you are getting robbed by additional taxation without representation but if you have a loan with a bank, do not forget that they force you to put a collateral with a ratio of 2 to 1 (or better on value).. you don't pay the loan, they take your assets.. and they warn their bank peers to not lend you by means of credit report. Bailed banks are now buying fail banks for cheap, so they can exapand reach.
batman551 2 years ago
1. A person should not support this system by going into debt unless they plan to produce a product.
2. A person who does not pay will no longer be able to go into debt and is helping to collapse the corrupt system.
If you lose an asset that you could not afford then you are better off saving gold or silver until you can afford such an asset.
davincij15 2 years ago
No. Why pay the banks money they didn't have in the first place? They take part in fractional reserve fony banking. 90 some banks have failed already and I have no sympathy for them although I do feel bad for those employees who have lost their jobs.
clearasvodka 2 years ago
If the government just got out of the way they would find another job.
But the government wants to hold the prices of everything up and so the people with money are not buying because they know what it's really worth.
davincij15 2 years ago
Look how platinum soared this week --- I am investing in gold, silver, platinum, and palladium and not putting all my eggs in one basket.
lexlaw007 2 years ago
I know now that no one should go into debt for anything, except to produce a product for sales to cover the debt.
Under our current system you should not fault anyone who can't pay. They help bring about the destruction of our currently corrupt monetary system. I am now glad that the ponzi scam of the dollar is ending.
davincij15 2 years ago
IMO, no.
visionvictory 2 years ago
I agree with you with one caveat - the lender must have created the money out of nothing.
davincij15 2 years ago
I have always paid my debts and will always continue to do so. The bankers are thieves, we know that. Why would I want to be like them? Integrity has more value, not all wealth is financial. I came into this world with nothing and that'd how I'm leaving, possesion wise, but I want to leave a good reputation behind.
elpilotoazul 2 years ago
Party pooper.
bammbamm12 2 years ago
Just remember they are living well on your integrity. I can only guess if they are enjoying their spoils.
I am indifferent about people who can pay deciding to pay or not pay.
Morality to me is looking at a situation and decide right or wrong not just for the moment but long term.
Is it right to support a system that robs the poor and the middle class without them knowing how? Yes or No?
If yes you need to stop paying and never go into debt with a banker.
davincij15 2 years ago
If you feel a moral duty to support people that have robbed you and your fellow men. Then that's your choice.
I do not dislike your decision it makes sense in a fair and honest world. A world you wish to live in but do not.
In our world the dishonest feed off of the honest.
davincij15 2 years ago
I see your points, and I guess the answer is that there's no standard answer. With some people, things happen to them that are life changing, such as becoming disabled or long term unemployment. To not honor obligations without justification is wrong. I'm no friend of bankers, but bad behavior on their part doesn't give me the license to return it. If I have to be dishonest to get ahead, I would rather not get ahead.
elpilotoazul 2 years ago
To live a life of mediocrity was the choice the producers of the world made in the book Atlas Shrugged than to support the dishonest.
That's fine. However if your a person who just learned that the banks loaned you money they stole? Why give them interest on money they did not earn or borrow from someone else?
Thus we should give back the stolen property not the interest portion of the debt.
That is the fair solution for those that can pay!
Thanks.
davincij15 2 years ago
Run up all dem credit cards - then scram! Guess what folks - this time, *I* win! No 28% for you - you ain't gettin' diddly. I'm goin to party just like the Goldman Sachs and AIG people did, knowing the end is near. Grab it and squander it while you still have the chance. Woooo-eeeee!
bammbamm12 2 years ago
I would not say that. But I will not stop you if you do it.
If you run up your debt and not pay you are helping to bring about the end of our corrupt monetary system. That I am happy about - the end of evil.
davincij15 2 years ago
Wow look at gold right now --- up up up!
lexlaw007 2 years ago
China can buy gold,, and proberly control the value of the dollar by buying usa dept.
???
keithholden 2 years ago
The answer to your question is "no". In fact, who really is the creditor? There is no substance to the money (as in the case of gold or silver) so what is the Fed lending? Credit? Whos credit? Can you really loan credit?
sharehard 2 years ago
Debt repayment and tax boycotts are something that all Americans should do. By paying you are perpetuating the criminal activities of the banks, giving them your permission to abuse you. By not paying you will destroy the banksters and take back your banker owned government. It will be government of the people for the people and not, as now, government of the people for the bankers.
farliecharlie 2 years ago
I agree, but you have to be organized to get a high % of people to do this at the same time. You have to overwhelm the system.
MelodicNightmare 2 years ago
Yes, you are right it has to be a mass boycott so you overwhelm the judicial system. The law will come after you if it does not have large scale solidarity and you will not get the same bailout protection that the criminal bankers and politicians receive.
farliecharlie 2 years ago
silver...
sixteen dollar and ninety two freaking cents per ox
17.00 bucks buy dawn ...
DXY 76.67 new low for year ..
polish them bars players ..
chena3 2 years ago
Woof!
davincij15 2 years ago
Great question First- the government hates people that steal ( THEY HATE Competition) Second -the banks make money the old fashion way ( THEY STEAL IT)
Thirdly- the federal reserve, If they didn't have the people to tax ( THEY WOULD ALL HAVE TO WORK FOR A LIVING)
sealhunter5 2 years ago
Bankers work that will be the day.
davincij15 2 years ago
Off topic a bit Davinci, but I thought about the fiat money and returning to a gold standard. If the US returned to that standard, wouldn't that put it in jeopardy with other countries that are still using the fiat system? Wouldn't the US be limited in terms of military spending, etc?
101011a 2 years ago
we would also a FUCK of a lot of gold to china....
we need to put the FED into bankruptcy and implement a constitutional national bank.
ekjohnson9 2 years ago
Yes, you can't spend what you don't have.
That does not mean that a gold standard is bad it means you must be fiscally responsible. Paper money allows you to be irresponsible because you can just make more until the day no one accepts it.
davincij15 2 years ago
How do we even know the "Credit crisis" was for real? Did they present any evidence to the public before taking their trillions? Could have been one great lie from the beginning?
Brainman94 2 years ago
It was real. It's just that bankers where not fearful because the government has a printing press.
davincij15 2 years ago
Exactly - I cant believe people say we have such a high standard of living now when as you said 1 income was enough to cover all life costs and now even double income with extended hours doesn't cut it....
WAKE UP PEOPLE!
Brainman94 2 years ago
I agree... I happen to only owe 18,000 to finish paying off my land, so I intend to pay... but I owe my money to the Texas Veterans Land Board, so maybe that's a little better.
vinayakaya 2 years ago
If someone had the capital to begin with to loan you, then you should do all you can to repay it.
davincij15 2 years ago
thursday morning alaska time 9 am
gold silver broke out above double top
could run from here ...
gold 996.00
silver 16.66
see what happens..
polish them bars players
so long
can't see myself ...
woof
chena3 2 years ago
Unfortunately, it doesn't work like that.... but what you say makes a lot of sense.
The Fed; which is not owned by anyone but more of along the lines of being owned by a group who function together for their own benefit. But it doesn't really mean they work together. The Fed is split up into 12 sections and the 12 banks run each part individually.
The hard part about you being a scumbag by not paying back your debts is the fact that when you don't, they'll just crash the markets again.
FinalFan0 2 years ago
Then they will make us pay for it, because in their eyes. That is their right, they look at us and perceive us to be foolish and wreckless; which they have learned to enrich their lives off of our ignorance.
FinalFan0 2 years ago
This is true their riches depends on the publics ignorance thus their goal is the keep the man's mind in the dark. To have the public fooled into believing that an item that bankers can create unlimited amounts of... is money, and enforce it with government guns is their power.
davincij15 2 years ago
What really should make you sick i show easy it is for them to crash the system. All they have to do is agree with the banks to stop lending money. Is it supposed to be that easy?
FinalFan0 2 years ago 2
Yes that is their power give you easy credit then take it away. Macro economic control is what they have.
We give it to them when we take their credit or save the paper money.
davincij15 2 years ago
The entire American public that owe the banks anything (most people) should unite and announce a GENERAL DEFAULT on all outstanding debt - as its invalid as they only still exist due to being bailed-out by the same people that "owe" them.
What are they gonna do - repossess every mortgaged home in the nation?
Brainman94 2 years ago
You can't do that if you have borrowed against an asset or own property that the law can take from you for payment of your debts.
The question is for people with only debts and no assets.
davincij15 2 years ago
Power to the People. Actually, before you borrow, form an LLC or S-Corporation and borrow from the bank under those entities. If you don't feel like paying it back, then declare the LLC bankrupt, and you are off scott-free. That's how the rich do it!
SilverDude7890 2 years ago
When do Americans awake and take back their country,meanwhile Monseigneur is guzzling chocolate drink.
justjacqueline2004 2 years ago
This comment has received too many negative votes show
Still have looser Ron Paul up! he is a Freemason New World Order lover! do you homework and please take that crap down!
mattandpatti222 2 years ago
wrong! where is your proof?
ttboy1076 2 years ago
This is in response to
mattandpatti222 claiming Ron Paul is part of a secret society. He is the most honest person in Washington. Wake up! If Ron was running things we might be recovering instead of this recoverless recovery.
ttboy1076 2 years ago 2
Oh yeah!
Fair point.
stuntpea 2 years ago
No, you're not a "scumbag" if you don't pay it back. Although I do pay all of my bills on time I realize it's like choosing to be polite to my jailer. It really doesn't make sense.
fal2grace 2 years ago 2
Right! I don't think any less of anyone willingly skipping out on paying their debts in this economic climate -but I've chosen (at least for now) to continue to pay my debts. Like someone else said, I do it to keep my word and my honor. Just because we are lorded over by crooks and thieves doesn't mean I have to be one myself by emulating them. I went into debt with full knowledge of what I was taking on. Foolish? Perhaps. But I have a clear conscious.
medulalumosa9 2 years ago
If you borrowed the money from a person or merchant you should do all you can to pay it back.
If did it from a bank that created the money to enslave you by your choice, did you know before taking on the debt that the bank had robbed you?
Thus if you are being robbed you have a right to protect your wealth. Just have no illusion that there will be consequence for protecting your wealth via default of your debts.
davincij15 2 years ago
If things were as cut and dry as that! My debts include: my student loan, my car and my home equity loan/mortgage (used to buy some of my metals and pay for service work on my house). The only direct bank debt would be the car and the service work...but again, I knew what I was getting into -and I didn't get in over my head. I have better job security than most and I've kept my debt load within a manageable amount. -I knew I could pay them off in a short amount of time.
medulalumosa9 2 years ago
I want to have a conversation about this it's a difficult issue many people have asked me this question about debt.
Personally if you can't pay it back to a bank I have no problems with you not paying.
If you have the ability to pay but refuse, I am not sure of the morality. On the one had you are refusing to pay back a robber that enslaves you many different ways. On the other hand you did agree to the enslavement.
So what is the right choice?
davincij15 2 years ago
It's a tough one to be sure. I guess it boils down to what a person is comfortable with. If you feel like you may be in dire straights if you do pay...I say don't. If odds are that you'll lose your home, car,etc anyway...then walk away. Don't make your family suffer.
The ability to pay but not...well I guess it would be ok if it was done as a form of protest. If done for that reason I guess you could say that it was done on moral grounds.
medulalumosa9 2 years ago
Personally, although I hold debt, I'm still buying metals (while I still can at a cheaper price) instead of putting it into a bank for savings or paying off my debts completely. In essence, I'm turning my metals into my savings account. When the dollar collapses, I'll cash some of them in and pay off my debts and have the rest as a sort of profit for my efforts. This way I'd both be fulfilling my promise to pay my debts AND maintaining my wealth by cheating the bank of my money. LOL!!
medulalumosa9 2 years ago
... but, I don't get it... if the dollar crashes to say like 10 cents. Wouldn't it be easier to start over when you have no debts?
If you owe money, you will still owe that money. But if you have $10 in your pocket with no debt. You still have $10 in your pocket. But, if everyone owes money and aren't able to pay their debts, wouldn't prices skyrocket in the store? It'll just hurt everyone in the long run. IMO.
FinalFan0 2 years ago
The difference being that instead of me holding $10 of worthless devalued fiat currency, I'd have gold and silver in my pockets. I'd have my debts paid off with part of my stash and the other I keep for whatever I want or need.
Since we have become a mass credit-based consumerist society, there is little doubt that there will be many many people who won't be able to pay their debts...and we'll all face skyrocketing prices. I for one will have real money that the banks can't devalue.
medulalumosa9 2 years ago
Yeah... well.... having real gold and silver would be a significant advantage.
FinalFan0 2 years ago
Many have asked me if they should buy supplies and default on their debt. I have told them that to do so would be fraud under the current law and should not discuss such decisions on the Internet.
As for what they should do I only point out the facts of their situation and they must decide right or wrong, yes or no.
davincij15 2 years ago
I'd say to them to pay what they can and spend the rest on supplies. If it's an either or sort of situation, then default and get supplies. What's a damned credit score when you're family is hungry? Fuck the banks. The gov't will bail them out. Who will bail us out? Trying to keep your word or end of a contract is one thing...dying for it is quite another. -Just my 2 cents.
medulalumosa9 2 years ago 4
Good!
jembocc1347 2 years ago
It's like war isnt it. The soldiers in the trenches rarely have the time to rationalise the why's where's and what fors of their being there. They just end up fighting for their mates-in-arms and families. Maybe it's the same with folks paying their debts. Why else would it be this way?
cpswyl2 2 years ago
Interesting questions davincij15.... WE are ONLY ALWAYS the creditors.. our SIGNATURES create the money. every time you sign the credit card slip at the store the merchant sends it to the bank and they monetize it. you create the obligation, the banks lend you nothing. we take out a loan and sign on the dotted line thinking the banks lent us their OWN money then they have us pay them back and also throw some interest on it as well... USURY!!! the banks are thieves enslaving everyone.
525bimmer 2 years ago
right on davici
bjmccullough 2 years ago
davincij 15 i saw your video how to free a slave,good but its not the dollar its the us
social security number.trash the ss# that is the way to free a slave.well untill every one get educate we are just in the begining of the revolutionaty cycle.
joediesel187 2 years ago
Every dollar printed has interest attached.
The US has been ripped off since the
central banking system has taken over.
Thanks, Wilson. And all who've followed.
Airave 2 years ago
911, I'd like report a crime in progress...
lightleague 2 years ago
lightleague:
Yes, the banking system is robbing the public and cutting off job creation so they can save their own necks in the on coming hyperinflation caused by governments around the world dumping the dollar.
davincij15 2 years ago
I haven't paid my Amex bill in 9 months. I just got a new phone and new phone number. They'll ruin my "credit rating", but why cares. I don't want to go into debt anymore.
drutter 2 years ago
Interesting drutter, I have a friend in the Philippines I was skypeing today and he said that his Amex card had its credit balance removed to 20 bucks he thinks they are in trouble.
525bimmer 2 years ago
Amex is definitely showing a lot of the signs of being in big trouble.
drutter 2 years ago
what have u heard?
stellaconcepts 2 years ago
Fiatmoney is the instrument of fraud of the banking-industry. Bankers form only a minuscule part of society but they rule everything and politicians are their serves. The laws which regulate the flow of fiat money through the economy are made by the banking industry, that's why the common people can't expect fairness in the money game of the money-creators. The more complex and inscrutable a system is, the more fraudulent it will be. We should therefore reduce the complexity of modern society.
Bernd1964 2 years ago
davincij 15 only way to beat this is to come to america to learn to become an illegal immigrant. the more i hold on to this social security number i have,i will be robbed untill the day that i die.
joediesel187 2 years ago
So true.
davincij15 2 years ago
this means nothing,EVERYONE needs to pull together and stop payin there bills and house payments....... but no one will do it because we need the bank just as much as they need us. its just another revolutionary cycle.
joediesel187 2 years ago
No you need to pay for production of a real good you used. The money you borrowed from a bank was produced out of nothing.
davincij15 2 years ago
I am not giving them another penny. Pennies are more valuable than paper dollars. At least the penny is made of metal and I can melt the penny down and make wire or something. All I can do with a dollar is wipe my butt and regret it afterwards.
jailarson 2 years ago
Try to sort out the pre '82 pennies, they were 95% copper until then and the metal is worth about twice the face value and rising.
DontTread0nMe1776 2 years ago
Funny you should mention that. Some guy paid an impound fee with nothing but pennies, and after some investigation I discovered that they would have to count every penny instead of weighing them to make sure all the money was there. I think the total was $80 worth with the minimum weight being approx. 55 lbs of pennies.
jailarson 2 years ago
If you think you're getting robbed then read "The Grace Report"...then you'll be really pissed off.
Also read Jerome Daly vs The First National Bank Of Montgomery.
Buckhead1959 2 years ago
I don't think thats true. The private banks don't actually get paid for money the FED make. The FED have 5% operating cost and 95% goes to treasury
4rcane 2 years ago
Actually it is true only in Canada does the interest go back to the Treasury as we are the only country that owns our central bank.
The Federal Reserve is a private bank.
davincij15 2 years ago
Nah, Canada is not the only one. I know Australia is the same. The Fed may be officially private, they don't operate like any private company. They don't get the profits, and they can't sell shares in the FED etc. Ask Peter Schiff or the guy who wrote The Creature from Geklyl Island. I think I got this info from them. 95% FED money goes right back to treasury
4rcane 2 years ago
I got the same information from them. I know the banks can't sell the shares but I also know they get paid the interest the federal reserve earns after expenses.
davincij15 2 years ago
Maybe you're confusing what they're doing right now, to what they used to do e.g a few months ago. At the moment, ever since the crisis, rules were changed,. This is only a few months old change. The fed have asked the bank to put their money with the FED and the bank get paid interest for it
4rcane 2 years ago
Actually it is true in the US too. It was a tiny concession from the Bank Cartel to the US govt to get the Fed Res Act passed. The Bank Cartel could care less about a few billion in interest on T Bills. The Banks make $ from having the exclusive legal right to counterfeit (steal) trillions per year and charge interest on the $ they effectively create and lend the public.
lorax2013 2 years ago
Banks counterfeit? How?
patbarkley 2 years ago
well said
stayfly1977 2 years ago
Did somebody hold a gun to your head when you took out your debt? Be responsible for your actions, pay it off and never take out debt again. Promoting crap like this only destabilizes a society were honesty and integrity are dissipating quickly.
Thaner14 2 years ago
This is true, an eye for an eye leaves everyone blind and in this case if you don't pay the banks will just print it thus collapsing the system.
Mind you the banks will collapse the system anyway as they have ran out of people to rob.
So then the question remains.
Mind you I do feel different about it if the debt belongs to someone who actually had money to lend you in the first place. As you may already know the banks did not have the money, they created it.
davincij15 2 years ago
Society has been destabilized long ago. The bankers paid of our schools and teach us debt is good and that paper money is good.
We are surrounded by thieves that use our honesty and integrity to enslave us.
Should you remain a slave for your honor? Is there any other reason you should allow yourself to suffer after you comprehend the system?
davincij15 2 years ago
the reality is that loans and credit cards from banks are actually simple business decisions that most people make everyday, even though they do not consider them selves to be in business. So the answer to defaulting on debt,it is simply a business decision, plain and simple. There are no morality clause in loan contracts, end of story.
glassman1313 2 years ago
I like that, looking at it as a business decision, like GM when it defaulted on 81 billion after receiving it 6 months earlier.
So the question is was it morally right for them to take the money when there was never any chance of them paying it back?
Also define what morals mean to you.
davincij15 2 years ago
I love the way you propose this concept.
LOL, had me laughing that's for sure.
I am tempted to reply "No"
yogiudo 2 years ago
I don't think people are scum if they can't pay and I am indifferent to those who can.
davincij15 2 years ago
The system is designed to do force people to eventually have to default. You can't get angry with people when the system is rigged.
Great vid. 5*s
yogiudo 2 years ago
Yes, there isn't enough money to pay back your debts. That is why you should never get into debt in the first place even if we are on a hard money system.
Our current system allows of unlimited credit and is unfair, thus it's destruction via defaults is a good thing.
davincij15 2 years ago
Excellent vid!
Stealth0031 2 years ago
A bit off topic sorry - but why wouldnt you just get gold mining stocks if the gold market is so bullish? -as leveraged returns would be 10 times more than in the price of holding the physical?
Brainman94 2 years ago
@Brianman:
Lots of gold bugs I know do indeed do that. I do not. Typically, those who buy mining stocks are willing and able to do much more research into their picks and take the associated risks. I don't necessarily want to deal with it. Moreover, I prefer to hold the physical metal in case SHTF or the tyrants make it illegal for me to obtain *actual* metal.
I guess for me it's a peace-of-mind thing.
jspark311 2 years ago
Counterparty risk. Stocks can rise and fall, but PMs held physically in hand come only with the risk of the market price of the metal falling below what I paid. If a mining company fails, I have nothing. If I hold gold and silver, I still have my metals (even though they pay no interest or dividends). Granted, things look very good for the miners, right now, but I took my money out of the market for a reason. Your milage may vary. =^[.]^=
Raycheetah 2 years ago
Yes but we are in a currency crisis and governments tends to do irrational things during a crisis such as rob the public. It's much easier to do that when you have a computer running things.
I trust stock as much as a derivative contract. I do have some stocks but very little of my net worth.
The mathematics of the dollar system is absolute their must be a reset and a default on the debt, via honestly by declaration (lol) or dishonest printing of money. Ether way it's catastrophic.
davincij15 2 years ago
/watch?v=jGC1mCS4OVo
:)
cmstyz 2 years ago
Thanks for the link... That was great...
sizzlot 2 years ago
Sounds to me like a tax/debt revolt....
sweet...
vdubs4life1964 2 years ago
The scumbags who run the system have provided a great example to the public. Meaning don't let morality stand in the way of the bottom line. If it comes to the point where I can't pay my debts I would have no problem defaulting. That lack of morality only applies to faceless inhuman corporations however. As far as real human beings go, I'm a man of honor.
Luckily I'm in good financial shape due to living a frugal life for the last 15 years or so, so I won't have to default. I don't play the game
vention4wh 2 years ago
Yes, the point is to not play the debt game at all and you are good to go.
davincij15 2 years ago
Im paying my debts because "All I have in this world is my balls and my word, and I dont break them for no one."
aktlc123 2 years ago
Good for you. Eye for an eye leaves everyone blind.
You should not have gone into debt in the first place but your are here and now and you have made a decision.
My feeling on the subject is indifference.
You have chosen to keep your honor surrounded by thieves with none. I am not sure if that will help you in the future other than building good habits that will always be used against you by thieves.
Good luck
davincij15 2 years ago
Geez, its only 1,500$
aktlc123 2 years ago
The amount of debt is inconsequential what is of significance is who gave you the money to borrow, a bank who created it out of nothing or a person or merchant that provided you with capital the had already accumulated.
If it was the latter then you must do all you can to pay your debt if it's for the former, then your failure to pay will aid in a small way to destroy the banking system and your bad credit will prevent you from getting credit from them.
Win-win.
davincij15 2 years ago
Then "Say Hello to my little friend"
frontier1701 2 years ago
I ain't a payin you a nuttin cuz I ain't a payin you a nuttin
CosmicDramaQueen 2 years ago 2
I say all Americans should renege on their debts! What fun. You go, davinci!
whiskerchild 2 years ago
The problem with that is an eye for an eye leaves everyone blind. The bankers will just print more and collapse the system wiping everyone out. But it's not like it's not going to happen anyway.
davincij15 2 years ago
If only approximately 5% of US currency exists in physical form, and the remaining 95% is electronic...does it truly exist?? It's a line entry.....
becauseicare2 2 years ago
The federal reserve banking system of which you speak is not confined to our time. It has been economic orthodoxy for at least a hundred years, and is a logical extension of any capitalist economy.
ElysiumFilms 2 years ago
Where is it in the US Constitution?? It isn't..because they knew the peril it would cause.
becauseicare2 2 years ago
This comment has received too many negative votes show
The US Constitution is and was moribund from its beginnings. A country which decides everything according to a document is no different to a theocratic state.
I doubt the founding fathers would have foreseen the current complexity of the economy.
The US, based on the constitution, is the patron-saint of capitalism. Somewhat ironic that capitalism will cause the destruction of the US, no?
ElysiumFilms 2 years ago
It does not have to be this complex. The complexity was created just as much if not more by the political system (redtape is not a capitalist term) as the capitalist system. The constitution and bill of rights may not be the perfect system, but we certainly were the envy of the world. We let DC bastardize the system.
becauseicare2 2 years ago 5
You're just responding out of a typical belief that America is the exception to the rule.
The Constitution is the reason for your current position because it gave those who sought to work against the Constitution the ability to do so.
Not merely that, but it allowed the beliefs which would undermine the Constitution to be propagated.
It doesn't matter what you believe in if the system will not survive for more than a few decades.
ElysiumFilms 2 years ago
Capitalism didn't cause the destruction of the US. Nor did greed, nor did lack of regulation.
Lawlessness and fascism caused the destruction of the US, as did income taxes (which are anti-capitalist in nature), the Fed, and the numerous small-minds that have occupied the Congress, the Presidency, and the Judiciary throughout the last 100 years or so.
Capitalism made possible most of the technological miracles of the last century. Without it, you'd still be under some despot's thumb.
jspark311 2 years ago
Thank you America for liberating me from my non-capitalist, despotic, absolutist, fascist insanity!
Truly the land of the free and home of the brave!
Hallelujah!
ElysiumFilms 2 years ago
ElysiumFilms:
Lawlessness at the government level is what cause capitalism to fail. The government does things it does not allow the public to do.
Example
Counterfeits money, money is a free market item not a government issue item.
Government uses illegal accounting such as social security.
Government cause people to feel safe in the world where fraud is the norm carried out by the government by decree. (SEC protected Madoff)
davincij15 2 years ago
I am not disagreeing with you. What I am saying is, is that the American Constitution will have these effects as inevitabilities.
ElysiumFilms 2 years ago
The founding fathers sought to avoid this current complexity by specifying money consists of gold and silver coin...
sizzlot 2 years ago 3
I have decided to suck it up and mark my debt to market...taking a 78% haircut. I tried to explain this to a collection agent the other day...she didnt get it....
becauseicare2 2 years ago
She is still marking your debt to model or Fantasy. :) lol
davincij15 2 years ago
Bout time one of you guys gets to the root of how the game is being played. This is just the tip of the iceberg! The rabit hole goes far deeper then this, but this is a good start. Peace
PS, do banks really loan you "money" or do you create the "money" by your signature?
hiphopsocnroc 2 years ago 2
Nope! I actually pay my debt for the time being, but there is no ethical judgment against anyone who decides not to pay... though there will probably be consequences :(
magichandpuppet 2 years ago
There will be consequences for both parties. The bankers have the money and power to delay their day or reckoning you don't.
davincij15 2 years ago
I agree... this game ain't going away any time soon.
magichandpuppet 2 years ago
File for bankruptcy to get out of debt. then start saving all your paychecks
HiredGunz98 2 years ago 5
I will be honored to be considered a Scumbag! I think the rest of America should join me. We can all be scumbags together. It's the honest thing to do.
haserterr 2 years ago 9
Thought-provoking indeed !
I seem to wanna pay off my debts, especially in a time like this, to show strength and Agility in a depressed economy we have here.
Whether it makes a difference or not in the future remains to be seen. But I'll know I was responsible and did the right thing
stratcatavarious