this govt gave the banks 100 cents on the dollar via AIG to the tune of tens of billions of dollars. Then it turns around and says how upset it is after they did it!
It bails out the auto industry, backs it up with an incentive whereby every american pays taxes to subsidize someone to buy a new car with "cash for clunkers" - so not only to I pay to bail out an industry, but for my neighbor to buy a new car?
DC is nuts. Time for a new party - not Dem or Repub - but the "Responsibility Party".
Yet this clown hired many "fat-cats" (see Chiefs of Staff Daley & Lew) and his DNC are holding their convention at Bank of America Stadium due to sky boxes for "fat cat" contributors. Obama will go down as the biggest fraud in US history.
if he didnt, why did he give goldman sachs execs bailouts and works for soros, rockefeller and other illuminati. Save the horse dung. The lies and game is over. No one but rejects buy what these crooks sell
It's now 2011 - he wont do anything. He's the biggest talker of them all and people swallow it whole. He could veto anything. They cram laws that suit their interests through congress... if they really wanted to go after wall street they could.. but they won't.... sadly... revolution will be the only way to fix this... sadly... many will die once again for freedoms that warmongers, theives caused. Very dissapointed by this president and I had the highest hopes for him!
The only need that we had for this pour excuse of a president is to wake americans up and let them know how dumb we were to elect him. We are in trouble.
Why do I like this guy? When has a president EVER said something like this? Actually Kennedy said a very similar thing when he stood up to US Steel. Don't believe the hype. This is not communism. It's a touching but probably futile stand against power by our elected president. He's right. Deal with it.
@Locke1217 lets see, change got shot down by every far right republican in this country. Its hard to hard to do anything when half the country hates you from day one. Partisanship and stupidity got the better of change and democracy
Just want to point out that republicans do not represent "half" the country. If dems cant do something, its because theyre not all on board. Lets not blame republicans when theyre getting their butts kicked right now, its just silly and ridiculous.
@flyhighj65 Change was shot down by common sense Democrats. The proof is in the numbers. Democrats have the majority in both the House and Senate. They could pass every single piece of legislation without a single Republican vote. But continue to whine about partisanship and those DNC talking points. The numbers tell the truth to those who are not weak-minded.
Ever heard of JFK's Executive Order 11,110? That would allow the Treausury to print money backed by our silver reserves instead of the fed backing in on air and charging 30% interest! Real money based on reserves will allways drive out bad money (fiat) based on air! EO 11,110 has never been repealed they did however stop issuing silver certificates 5 months after his murder!
Oh yes you did.. the fat bankers are also CEO's of multinational corporations and members of the bilderberg group who want a Marxsist dictatorship thats why Obama is a member of the fabian society and is pushing the agenda
I didn't realize Rahm Emanual was a fat cat banker. Anybody seen his wiki page??.... he was a fat cat banker, and on the board of directors of Freddie Mac. Interesting.
Back to Barry... a majority of the people are not mad at banks. They are strawmen created by the Dems. Barack has had his aim on banks ever since he sued Citiband under the Community Reinvestment Act of 77. see case: Buycks-Roberson v. Citibank in July 1994. Remember... the banking/mortgage meltdown was AFTER this.
Your right Mr President. Apparently you ran for office to continue endless occupation of other countries under faulty pretenses, to lie right to are faces about closing Gitmo, to destroy the system of law in the U.S. by detaining people without charge, (god forbid we trust the U.S. courts to do what it did for decades before 9/11), and provide ZERO accountability for torturing people. (except the scapegoat soldiers that went to jail for doing what they were told)
BTW. Clintons "everyone owns a house whether they even have a job program" is the basis of the financials meltdown. Barney Frank sustained that program tho Bush tried to impose greater restrictions 5 times but was blocked by Barney Frank.
Gold=electronics, aerospace, metallurgy and 1000's of other uses.
Paper Money=(if burned) 9 seconds of heat.
The problem with the value of the US Dollar is that it is less and less backed by gold.
$20 gold piece is worth around $1300 today, not $20 in bread and cheese. Gold is a STANDARD used worldwide like sea shells and shiney rocks were used in ancient times. It is an international basic means of applying a "value" .
He Did Not Run for Office to Be Helping Out a Bunch of Fat Cat Bankers on Wall Street. It just turned out that way. What a fucking worthless fucktard he can't do anything right. All he does is talk he is the president he should be ordering the cocksuckers at the banks to do what he wants. He and bush should both eat a dick and die.
Obama is either clueless or telling another lie. The root cause of the problem was a combination of various things. Even gov't policy had a hand in it. But, just like the Fascists in the 1930s, Obama needs a scapegoat.
I'm with you up until where Obama is either clueless or lying. Obama is WAY to smart to be clueless on this issue. He's a guy that isn't compromising his principles now that he's in office. He's the kind of man who doesn't have principles to compromise in the first place. and he knows how to pull it off looking like everybody's friend.
Ah, no it's not democracy in action, it's illuminati plutocracy using the same old tried and tested delay tactics to drag out his presidency and get him over the line so the next chump can take his place. This is a joke. Nobody wants what these losers got, it's misery, genocide and hell. If everyone knew what was going on, this couldn't exist: hence the media and the global flow of information is the key to all of this, to reach peoples minds: hence they way to censor the internet (and are now).
Are you telling me that you are an American citizen who was forced from the US by the government because you could not prove your citizenship? If so, you may have standing for a suit the government agency involved.
I should add that Obama does have both a state-issued BC and a valid passport. They prove he was born in the US.
If you tried using a hospital-issued document, that is not considered as valid if I remember correctly. The document in question must be of government origin.
'I Did Not Run for Office to Be Helping Out a Bunch of Fat Cat Bankers on Wall Street'
and yet thats exactly what he did...
Obama says one thing but does another.
Btw, the banks didnt cause the problem, they're the result of the problem. The Fed keeping interest rates artificially low, and government guarenteed loans WERE THE PROBLEM.
Christ Obama wouldnt know the truth if it slapped him in the face.
Bank execs are greedy, selfish, incompetent bums. They're thieves who whoreslut for cash. They should all have their ill-gotten assets seized & liquidated & tossed in the sewers. Justice needs to prevail, & these greedy dogs are deserving of prison for the crimes they committed. Thieves.
Bank execs are greedy, selfish, incompetent bums. They're thieves who whoreslut for cash. They should all have their ill-gotten assets seized & liquidated & tossed in the sewers. Justice needs to prevail, & these greedy dogs are deserving of prison for the crimes they committed. Thieves.
Yea, yea, yea, yea, yea. Say one thing and do another. This is what Obama does. I think the American people are a little bit frustrated with politicians that say one thing and then do the opposite. Bush, Obama, they all lie.
Tough Isreali Negro Puppet ran precsiely to concentrate wealth in Goldman Sachs, into Hebrew insurance GOP-CEO billionaires Cigna, Aetna, and Joey L. his GOP-Likud masters. His "fuck-you" to each voter electing him brings grins to Joey's Likud face. Rham Emmanuel, Ben Net-a-yahoo, GOP-Dem-Likud joy thru Congress-Isreali Occupied Territory. Laughter as Pet Negro gets tough on camera then sucks Hebrew Bankers in closed door meetings. Joey L, Rob Emmanuel & Tel Aviv CEO's love the Negro Pet Goat.
Stop/think & pay attention, believe me I have no love for bankers. BUT please look at Obama's Socialistic scheme in this & also his forked tongued BS way of trying to NOW be a hero to the folks who are fed up with his feeding of the Fat Cats. Yes, SOME banks asked for temporaty help, but many did not WANT it or want the interference of Gov'ment. But BHO forced it on them. Now b'cuz of that (even though being pd back) he wants to CONTROL who gets the loans. HELLO...Fannie/Freddie ring a bell?
HAHAHAH, its funny how you guys treat obama like he is a Celebrity. All you guys do is give him breaks. Seriously stop kissing his ass, even Oprah is kissing his ass. Obama gives himself a B+ and oprah is like dont be hard on your self? seriously? President? More like a celebrity.
We need Sarah Palin as President for she WILL with her GOD POWERS put all these bankers IN THEIR PLACE and they will DO HER BIDDING as her SLAVES! If they dare cross her, she will UNLEASH the WRATH OF GOD HERSELF onto that banker and EXPOSE his circumcized PUSSY for the WHOLE WORLD to see and DESTROY his credibility along with his bank just like Jesus destroyed the Temple!
Four banks received TARP loans -- when they tried to repay the loans Obama Administration refused to take back the TARP money. Also, the Treasury refused to comment on why banks were not being allowed to re-pay TARP loans. What the hell is he on about? God, I can't figure him out!
Because he wants the USA to look like Detroit silly.
Obama is systematically destroying what's left of the US economy and at the same time continuing illegal sandbox wars while the central bank continues to counterfeit money.
Rise in gold price prove this observation , everytime the fuckers counterfeit money the gold price goes up.
Obama can't even show a long form to prove his citizenship at the same time he expands unfunded war in the sandbox and lets the Federal Reserve counterfeit money.
No everything's okee dokee ??? The US taxpayer won't see their demise until they witness the currency implosion themselves.
Anyway, we follow the Constitution when we decide who is or is not a US citizen, not British law. Even if we did follow the English law, I suspect that Obama would still be a US citizen. Citizenship of the father is not important, For example, child of Vietnamese mothers and American fathers born in Vietnam are not American citizen according to the Supreme Court. (continue)
Wait a minute. Don't talk to the "Gold is God's Money" idiots. They understand nothing and know even less. The issue is: the WORKERS who MAKE all the wealth should CONTROL it.
Ya, screw that Obama for invading Irac and Afganistan. Next thing you know he's going to deregulate the finacial industry so bad they will be giving houses to people that can;t pay for them.
@rkeppler3633 Yeah the banks need a smack down that the Brit Treasury did last week. everything over 45k gets a 50% tax on it ASAP.. Stop the talking and get to walking OBAMA or Fire Tim Gitner who was never really on your team to begin with!
On top of the 40% tax they already pay? Well, considering my Christmas bonus was $1,500 and nowhere near $15,000,000, I was pissed that I was taxed 50%.
you are not getting hit for 50% taxes from the FED so stop it. Capitol Gains tax is only 20% and will go to 23% at the end of next year i think. Capitol Gains use to be at 30% years ago. Now the state hits you for taxes and maybe your city and that might equal up to 50% im not sure because each state taxes differently but the FED certainly does NOT charge 50%. I know because I trade currencies for 6 years now and never paid that on any profits made as a result. 50% on bonuses over 45k is ok.
Gold has no intrinsic value. There's nothing magical about gold. Gold is just a commodity that doesn't even perform well. There are so many commodities that pay off better than gold. People who are hooked on gold are doing nothing but buying into fear mongering hype.
That's right, gold has no intrinsic value. You can't eat it and it won't keep you warm at night. It's just another commodity that you can trade for PAPER MONEY.
So what has the REAL value? Why would you EVER trade gold for paper money if gold is the REAL money? Simple, gold is not money, it's just a shiny metal.
The value of our nation surpasses the value of all the gold in the world. Therefore it only make sense that our nation back the money, rather than have gold back the money.
@boots920 If the American Dollar is worthless, then you shouldn't have any issues with giving me all your dollars, right?
If fiat money was really "funny money" then you wouldn't be able to buy gold with it, dipshit. Retards like you should actually study economics instead of just regurgitating Ron Paul talking points. There would be no way to grow the economy to this degree without a fiat system, that's why the world uses it!
@boots920 You could buy gold before 1971 when the dollar was backed by gold, so that argument is just plain stupid. If US Dollars aren't REAL, then they would have no value to you and you wouldn't have any issue giving all your dollars away!
Do you demand your employer pay you in gold, dip shit? When you sell a car, do you demand gold? Hypocritical bastard, you value your money while at the same time calling it worthless.
@boots920 What do you tell people who bought gold in 1980 and then saw it GO DOWN for TWENTY YEARS?? How did the dollar make gains over gold for 2 decades if it was worthless? How do you know gold won't crash again like it did in the 80's and 90's?
Gold is just a commodity, nothing more. It isn't "real money" any more than unleaded gasoline is "real money". There's nothing magic about gold.
@boots920 You only bring up Gold's value in this last decade. You totally ignore Gold's value when it plummeted in the 80's and 90's. Gold only regained 1982 value in 2004. Paper money was MUCH more valuable against gold in 1982 than it was in 1992. In that decade, GOLD LOST PURCHASING POWER. So much for REAL money. You totally ignore that decade and focus only on the last ten years in order to sell your gold-standard BS.
@boots920 An ounce of gold sold for $277 in 2001. Twenty one years earlier it sold for an average of $615. That defeats your argument very soundly. If gold is supposed to protect us against inflation the price of it should never go down regardless of what the actual demand is for it in the market. The value that we place on gold is how many fiat currency paper notes it will fetch in the market, and nothing else.
@boots920 You don't know SHIT about LAW. It is not unlawful for the Federal Reserve to issue fiat money because the Federal Reserve is not the Federal TREASURY! Do not speak of things you do not understand. The notation on the bottom of a U.S. dollar bill reads "Legal Tender for All Debts, Public and Private", and is issued by the U.S. Federal Reserve, not the U.S. Treasury. Anymore pearls of wisdom, dipshit?
@boots920 You quoted the constitution incompletely. You left out the part in Article I, Section 10 where it says NO STATE SHALL. So states cannot coin money in anything except silver and gold. However, the constitution says in Article I, Section 8 that Congress has the power to "coin money" but it DOES NOT state that it MUST be in gold, silver, or any other metal for that matter. You need to read the constitution more closely. Fiat money is not illegal, you are wrong.
No state shall the Federal government will provide gold and silver coin (Red Book)
Fiat money = "bill of credit" illegal currency (Federal Reserve Note)
United States Note - Red Seal - legal
This note is legal tender at its face VALUE (Gold Value) for all debts public and private. Why does the USA need some ass clown bank counterfeiting currency.
@boots920 Nowhere in the Constitution does it say that the Federal Government will provide gold and silver coins. It only says Congress has the power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures" Besides, the US Treasury does not print fiat money, the Federal Reserve does. Even if we went to a gold standard, where are you going to find 14 trillion dollars worth of gold to cover this economy?
Not a problem Zimbabwe prints up 100 Trillion dollar notes. Borrow from them...
The US hamsters don't realize their life's savings are about to become toilet paper. Fiat money is fine until the assholes start counterfeiting the paper.
That's why gold is going up in Fed Notes it won't hold value even against paper gold. You trust the morons that are counterfeiting paper ? Save in gold and silver at least its worth something at least you'll be able to eat.
@boots920 What do you tell people who bought gold in 1980 and lost their ass? Lots of people said to invest in gold back then for the same reasons you are saying to right now. It was a bad idea back then, it's a bad idea now.
@boots920 You didn't answer the question. What do you tell people who invested in gold in 1980 only to see them lose 66% of their wealth over the next 10 years? How did that happen?
@boots920 Gold is as much "real money" as diamonds are. The value of gold is dependent on the supply and demand of it, just like diamonds. If you want to back your money with jewelry, feel free, but I would rather have my earnings backed by the most productive nation on earth.
@boots920 The Constitution says the States can't make coins out of anything except gold or silver, but it doesn't limit the Federal government at all. And as for what the US makes: The US is the 3rd largest producer of oil, the largest producer of corn, soybeans, wheat, and is also the world's number one producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, salt and a whole lot more. You don't know much about the US, do you actually live here?
but it doesn't limit the Federal government at all - I Know its called subversion.
The ass clowns running your country into the ground ignore the money laws (gold and silver coin only) then the country's society implodes on itself. Ie Detroit.
What consumer goods does the USA make,
Also how much in taxes have been raised for the sandbox wars - 0
That's why the price of gold is so high the assholes are counterfeiting currency.
@boots920 The average price of gold in 1980 was $615. A year later it had gone down to $459. By 1985 to $317. In 1990 it was up to $383, in 1991, the year of the first Gulf War, it went down to $362. In 1995 it had risen to $383. On September 11th 2001 gold sold for $287 and on December 26th sold for $276. The yearly average price for 2002 was $309- for 2003 $363- and for 2004- $409. If you invested in gold in 1980, you have LOST money after inflation. Explain that.
@UltraSWG if 1 dollar is worth 4 cent. Your five cent is only worth 0.2 dollard. That's why. If you had real gold that's worth 5 cent, you'd get every dollard you can.
Thas like hitler saying I love jews. Come on look at every member of his administration. As far as the gold standard goes it cant be any worse than what they are doin now. THe fed didnt exist when we had panics? Really? what about 21, 29, 87, 2008? No, it gained more regulative authority as the years have passed. Come on gold is fake, but not as fake as imaginary money. In five years well see what pro-fed ppl are thinking about the fed. Why do people defend what their told without thinking?
Why should the currency of a rapidly expanding economy be tied to a metal?The gold standard SUCKED. Before the Fed existed the MAJORITY of the time the economy existed it had a depression
Capitalism will always be a system that generates large wealth next to extreme poverty. Government intervention is necessary to keep the whole thing from spinning into complete disaster.
That's what all these so-called "libertarians" can never understand - free markets are the problem, not the solution.
If they don't get it regulate them you schmuck. Also you could join France and the UK on the 50% tax on bonuses but nooooo, can't do that. Washington is nothing but a bunch of Wall Street whores.
In addition to my post below: This guy is the most unnerved president Ive witnessed. He has been coddled his whole life and has never been exposed to a differing point of view other than being told those points of view are to be disdained. He has been told his whole life that those with a different point of view are simply ignorant. He is visibly unsettled in this interview by the idea that they have not swallowed the hook with the bait. The money was designed in his mind to buy off capitalism.
@dangela81 coddled? WTH r you talking about.. He has lived in some of most simplest places in the world.. He mother didnt come into decent money until years later and even then he had to get loans for school and work while there. WTH r u talking about? for a second his mother was on welfare trying to make ends meet. serious, where do u guys come from with these statments
This guy is full of it, and by it I mean himself. He says that they still dont get it. what he means is that capitalists dont get socialism. When he says they caused this mess he is the one who does not get it. This mess was caused by government and the private sector. The GOV caused it by requiring certain income levels have access to money, and ht banks came up with creative lending to supply it. Neither the GOVnor the private sector complained while the money was rolling in.
"this is democracy in action"... ummm no mr president it's congressional democracy in action. we americans have NO DEMOCRACY what so ever. we get to choose between piss and shit and then we're stuck with whatever piss and shit want to do. THATS NOT DEMOCRACY..
The FED was created with the assistance of Louis Brandise if I am not mistaken. He is considered by many legal scholars to the most brilliant and talented man to sit on the sit on the Supreme Court in the 20th century. He predicted the weakening of the FED would bring on the Depression years in advance. (He did underestimate the severity of the Depression however.) The weakening of the FED was instrumental in the current recession.
In what way is the dollar counterfeit? Surely you don't refer to our not being on the Gold Standard? Fiat money has been with us off and on since the Civil War.
Do realize how much gold would be required to return to the gold standard? Also, the value of the dollar would become worthless. And if by returning to the gold standard, creditors could require you pay your debts in gold, you would go bankrupt make you car notes, not to mention house mortgages. The effects on the average American would be awful. Even conservative economists, so far as I've read, don't insist on a return to the gold standard.
So WHY are out politicians so intent on destroying the dollar and creating One World Gov't? What's in it for THEM? Wouldn't they be out of a job in One World Gov't?
The Roman Empire did not die because it didn't use the gold standard. The fall of Rome was long in the making and consisted of many different factors.
2)Even the teabaggers, as inane as they are, don't predict a thirty year recession. Which economists back this claim? Do you have some special knowledge that economists lack? If so, please share it with them. (continued)
3)The gold standard did not prevent recessions in the past. We were on the gold standard during the old panics, and we were on the gold standard at the onset of the Great Depression. Furthermore, the FED didn't exist when we had panics, and it had lost virtual all its regulative authority well before the onset of the Great Depression. What makes you think the same trend won't be follow if we get rid of the FED and return to the gold standard?
OK Boots, You cling to your gold. Does your employer pay you in gold? Do you make you mortgage payments in gold. Do you shop with gold?
If so, keep in mind that the value of gold is not fixed. Be sure to stay plugged in to the most recent changes in gold prices or you may find yourself going to dinner and because of the sudden change in value, you may not have enough gold to cover the cost.
"OK Boots, You cling to your gold. Does your employer pay you in gold? Do you make you mortgage payments in gold. Do you shop with gold? "
Yea I have to do the extra step of taking the worthless paper and turning it into REAL money.
"If so, keep in mind that the value of gold is not fixed"
Yea keep in mind the government is going to change the paper money to a new script. If you save in paper you have to bring the paper to the bank to get new script.
boots, I have a Roman coin dating to Roman period at its about the year 2000, and it contains no silver or gold. The Roman Empire, I agree, had some poor economic policies at times, but the gold standard or lack there of had nothing to do with it. The same is true for the US. As I pointed out, the FED had been weaken and almost stripped of its ability to regulate before Great Depression and we were on the Gold Standard we hit. (continued)
What has the Gold Standard to do with the Great War? We were on the gold standard at the time. The Great War began as conflict between Serbia and the Hapsburg Empire, and had nothing to do with gold. You ignore the massive economic upheaval it would cause to return to gold and silver, and offer no reason why we should.
this govt gave the banks 100 cents on the dollar via AIG to the tune of tens of billions of dollars. Then it turns around and says how upset it is after they did it!
It bails out the auto industry, backs it up with an incentive whereby every american pays taxes to subsidize someone to buy a new car with "cash for clunkers" - so not only to I pay to bail out an industry, but for my neighbor to buy a new car?
DC is nuts. Time for a new party - not Dem or Repub - but the "Responsibility Party".
firstonethrough 1 month ago
Yet this clown hired many "fat-cats" (see Chiefs of Staff Daley & Lew) and his DNC are holding their convention at Bank of America Stadium due to sky boxes for "fat cat" contributors. Obama will go down as the biggest fraud in US history.
NCMan28025 1 month ago
if he didnt, why did he give goldman sachs execs bailouts and works for soros, rockefeller and other illuminati. Save the horse dung. The lies and game is over. No one but rejects buy what these crooks sell
Standonarock 2 months ago
vote ron paul.
davejsmith 2 months ago
It's now 2011 - he wont do anything. He's the biggest talker of them all and people swallow it whole. He could veto anything. They cram laws that suit their interests through congress... if they really wanted to go after wall street they could.. but they won't.... sadly... revolution will be the only way to fix this... sadly... many will die once again for freedoms that warmongers, theives caused. Very dissapointed by this president and I had the highest hopes for him!
PerryCS2 2 months ago
whatz in your wallet mr.obama ????
567ricksf150 5 months ago
This has been flagged as spam show
"This is Democracy in action"........ hey dumb shit our form of government is a
Constitutional Republic
hpw59 6 months ago
Comment removed
hpw59 6 months ago
Oscuma the snake. Same as the old boss(es)....
MeCallCrazy 6 months ago
Thats why he has so many Wall Street Operatives working in his administration.
bertly71 11 months ago
The only need that we had for this pour excuse of a president is to wake americans up and let them know how dumb we were to elect him. We are in trouble.
trae12301 1 year ago
@trae12301 haha even if most of the nation did not vote for him you know there would be some govt. manipulation of votes uh huh...
ltsDj 1 year ago
Wow I better put my waders on, getting deep here!
nowaynohow26 1 year ago 2
Why do I like this guy? When has a president EVER said something like this? Actually Kennedy said a very similar thing when he stood up to US Steel. Don't believe the hype. This is not communism. It's a touching but probably futile stand against power by our elected president. He's right. Deal with it.
tympanicus 1 year ago 2
Hows that "change" working out for y'all? lmao Obama = NWO/CFR/Bilderberg Puppet
Locke1217 1 year ago 4
@Locke1217 lets see, change got shot down by every far right republican in this country. Its hard to hard to do anything when half the country hates you from day one. Partisanship and stupidity got the better of change and democracy
flyhighj65 1 year ago
@flyhighj65
Just want to point out that republicans do not represent "half" the country. If dems cant do something, its because theyre not all on board. Lets not blame republicans when theyre getting their butts kicked right now, its just silly and ridiculous.
LordLimecat 1 year ago
@flyhighj65 Change was shot down by common sense Democrats. The proof is in the numbers. Democrats have the majority in both the House and Senate. They could pass every single piece of legislation without a single Republican vote. But continue to whine about partisanship and those DNC talking points. The numbers tell the truth to those who are not weak-minded.
NCMan28025 1 year ago
@Locke1217 How's it working for you, he's your president too
WyattsFreakinChannel 1 year ago
Ever heard of JFK's Executive Order 11,110? That would allow the Treausury to print money backed by our silver reserves instead of the fed backing in on air and charging 30% interest! Real money based on reserves will allways drive out bad money (fiat) based on air! EO 11,110 has never been repealed they did however stop issuing silver certificates 5 months after his murder!
GoingConstitutional 1 year ago
Obama ish a bad president lmao, hes a liar
TomboyFire00 1 year ago
Obama is such a fuckin joke for a president! Who the fuck voted for you? I know I didn't!
LuckyCocos 1 year ago 2
Oh yes you did.. the fat bankers are also CEO's of multinational corporations and members of the bilderberg group who want a Marxsist dictatorship thats why Obama is a member of the fabian society and is pushing the agenda
dangerousslave 2 years ago
I'm appalled that the President of the Unites States uses the term "Fat Cat" to describe American citizens.
Cidriullo 2 years ago
I didn't realize Rahm Emanual was a fat cat banker. Anybody seen his wiki page??.... he was a fat cat banker, and on the board of directors of Freddie Mac. Interesting.
Back to Barry... a majority of the people are not mad at banks. They are strawmen created by the Dems. Barack has had his aim on banks ever since he sued Citiband under the Community Reinvestment Act of 77. see case: Buycks-Roberson v. Citibank in July 1994. Remember... the banking/mortgage meltdown was AFTER this.
csgforme 2 years ago
Your right Mr President. Apparently you ran for office to continue endless occupation of other countries under faulty pretenses, to lie right to are faces about closing Gitmo, to destroy the system of law in the U.S. by detaining people without charge, (god forbid we trust the U.S. courts to do what it did for decades before 9/11), and provide ZERO accountability for torturing people. (except the scapegoat soldiers that went to jail for doing what they were told)
Black Bush can kiss my ass.
bigge525 2 years ago 2
BTW. Clintons "everyone owns a house whether they even have a job program" is the basis of the financials meltdown. Barney Frank sustained that program tho Bush tried to impose greater restrictions 5 times but was blocked by Barney Frank.
2012earthpeace 2 years ago
@UltraSWG umm .... OK.
Gold=electronics, aerospace, metallurgy and 1000's of other uses.
Paper Money=(if burned) 9 seconds of heat.
The problem with the value of the US Dollar is that it is less and less backed by gold.
$20 gold piece is worth around $1300 today, not $20 in bread and cheese. Gold is a STANDARD used worldwide like sea shells and shiney rocks were used in ancient times. It is an international basic means of applying a "value" .
2012earthpeace 2 years ago
He Did Not Run for Office to Be Helping Out a Bunch of Fat Cat Bankers on Wall Street. It just turned out that way. What a fucking worthless fucktard he can't do anything right. All he does is talk he is the president he should be ordering the cocksuckers at the banks to do what he wants. He and bush should both eat a dick and die.
grkpektis 2 years ago
No, I ran for office to help my fat ass left wing nuts.
joskemom 2 years ago
Pure bullshit.
aprilmarco 2 years ago 25
@aprilmarco he lied pure and simple!
DrBakshandeh 1 year ago
What?? Goldman Sachs was one of your top campaign contributors! This man lies through his teeth with such ease it's frightening.
xPythox 2 years ago 3
I agree with you Obama
JayeeB1 2 years ago
EAT THE RICH!!!
st4ticblu3 2 years ago 2
People are NOT made at the banks. They are mad at You and or Bush.
MendingMedia 2 years ago
Democrats = lesser of two evils.
Ron Paul = America's only hope.
MendingMedia 2 years ago 2
Obama didn't run for office to do anything he said he was going to do.
He is Helping Out a Bunch of Fat Cat Bankers on Wall Street'
MendingMedia 2 years ago
"You guys caused the problem."
Obama is either clueless or telling another lie. The root cause of the problem was a combination of various things. Even gov't policy had a hand in it. But, just like the Fascists in the 1930s, Obama needs a scapegoat.
dancerdog3 2 years ago
I'm with you up until where Obama is either clueless or lying. Obama is WAY to smart to be clueless on this issue. He's a guy that isn't compromising his principles now that he's in office. He's the kind of man who doesn't have principles to compromise in the first place. and he knows how to pull it off looking like everybody's friend.
ROPdude 2 years ago
This is the right time for that congressman to interrupt Obama and say "YOU LIE!"
nongo 2 years ago
This man is a master of deception.
njcarlos1 2 years ago 2
He run for office with the SUPPORT OF FAT BANKERS and HIS ADMINISTRATION IS FULLED OF MANY FAT BANKERS
MISERABLE LIAR MONKEY
HARDtimesUSA 2 years ago
@HARDtimesUSA I'm with you until "monkey."
EvanLHarper 2 years ago
Ah, no it's not democracy in action, it's illuminati plutocracy using the same old tried and tested delay tactics to drag out his presidency and get him over the line so the next chump can take his place. This is a joke. Nobody wants what these losers got, it's misery, genocide and hell. If everyone knew what was going on, this couldn't exist: hence the media and the global flow of information is the key to all of this, to reach peoples minds: hence they way to censor the internet (and are now).
TheGoodnessIsGood 2 years ago
Are you telling me that you are an American citizen who was forced from the US by the government because you could not prove your citizenship? If so, you may have standing for a suit the government agency involved.
Tell me more about the event.
LarcheOsborne 2 years ago
I should add that Obama does have both a state-issued BC and a valid passport. They prove he was born in the US.
If you tried using a hospital-issued document, that is not considered as valid if I remember correctly. The document in question must be of government origin.
LarcheOsborne 2 years ago
I think Obama intimidates the little devil's.....thats a good thing......I believe they may melt like Frosty the Snow Man........
GO OBAMA...WE LOVE YOU!!
passionatecutie 2 years ago
'I Did Not Run for Office to Be Helping Out a Bunch of Fat Cat Bankers on Wall Street'
and yet thats exactly what he did...
Obama says one thing but does another.
Btw, the banks didnt cause the problem, they're the result of the problem. The Fed keeping interest rates artificially low, and government guarenteed loans WERE THE PROBLEM.
Christ Obama wouldnt know the truth if it slapped him in the face.
audiohi 2 years ago
Sounds to me like somebody aint payin there kickback insurance, Better watch out banker boys, Mr O want his Money or big trouble for yo, mo fo !
hobo59 2 years ago
Federal employees are the problem. Their income is 30% greater on average than the private sector.
2uberu 2 years ago
Bank execs are greedy, selfish, incompetent bums. They're thieves who whoreslut for cash. They should all have their ill-gotten assets seized & liquidated & tossed in the sewers. Justice needs to prevail, & these greedy dogs are deserving of prison for the crimes they committed. Thieves.
pig5689 2 years ago
Bank execs are greedy, selfish, incompetent bums. They're thieves who whoreslut for cash. They should all have their ill-gotten assets seized & liquidated & tossed in the sewers. Justice needs to prevail, & these greedy dogs are deserving of prison for the crimes they committed. Thieves.
pig5689 2 years ago
Yea, yea, yea, yea, yea. Say one thing and do another. This is what Obama does. I think the American people are a little bit frustrated with politicians that say one thing and then do the opposite. Bush, Obama, they all lie.
czubspenx 2 years ago
well then mr pres why in the hell did you bail them out in the first place
cocobear33 2 years ago
Tough Isreali Negro Puppet ran precsiely to concentrate wealth in Goldman Sachs, into Hebrew insurance GOP-CEO billionaires Cigna, Aetna, and Joey L. his GOP-Likud masters. His "fuck-you" to each voter electing him brings grins to Joey's Likud face. Rham Emmanuel, Ben Net-a-yahoo, GOP-Dem-Likud joy thru Congress-Isreali Occupied Territory. Laughter as Pet Negro gets tough on camera then sucks Hebrew Bankers in closed door meetings. Joey L, Rob Emmanuel & Tel Aviv CEO's love the Negro Pet Goat.
westwindmilagro 2 years ago
Stop/think & pay attention, believe me I have no love for bankers. BUT please look at Obama's Socialistic scheme in this & also his forked tongued BS way of trying to NOW be a hero to the folks who are fed up with his feeding of the Fat Cats. Yes, SOME banks asked for temporaty help, but many did not WANT it or want the interference of Gov'ment. But BHO forced it on them. Now b'cuz of that (even though being pd back) he wants to CONTROL who gets the loans. HELLO...Fannie/Freddie ring a bell?
loveUUSA777 2 years ago
HAHAHAH, its funny how you guys treat obama like he is a Celebrity. All you guys do is give him breaks. Seriously stop kissing his ass, even Oprah is kissing his ass. Obama gives himself a B+ and oprah is like dont be hard on your self? seriously? President? More like a celebrity.
berishajrb 2 years ago
We need Sarah Palin as President for she WILL with her GOD POWERS put all these bankers IN THEIR PLACE and they will DO HER BIDDING as her SLAVES! If they dare cross her, she will UNLEASH the WRATH OF GOD HERSELF onto that banker and EXPOSE his circumcized PUSSY for the WHOLE WORLD to see and DESTROY his credibility along with his bank just like Jesus destroyed the Temple!
ecwaufisxtreme 2 years ago
As she well should, since you put it that way. Good grief!
KarmicOmen 2 years ago
Holy cow ... who peed in your Froot Loops this morning, grumpy pants?
KarmicOmen 2 years ago 2
stop lying, yes you did, that's why you took millions from them to win the election
marniespeaks 2 years ago
Four banks received TARP loans -- when they tried to repay the loans Obama Administration refused to take back the TARP money. Also, the Treasury refused to comment on why banks were not being allowed to re-pay TARP loans. What the hell is he on about? God, I can't figure him out!
KarmicOmen 2 years ago
@KarmicOmen show me the link please. thx
nuumskee 2 years ago
It read it in the Wall Street Journal, but surely there is a link online somewhere.
KarmicOmen 2 years ago
Attempting to re-pay $340 million in TARP were four small banks in Louisiana, New York, California -- and I believe Indiana (?)
KarmicOmen 2 years ago
Really, Mr. President? Then why did you vote for the bailout?
MooseOfReason 2 years ago
Because he wants the USA to look like Detroit silly.
Obama is systematically destroying what's left of the US economy and at the same time continuing illegal sandbox wars while the central bank continues to counterfeit money.
Rise in gold price prove this observation , everytime the fuckers counterfeit money the gold price goes up.
boots920 2 years ago
Is anyone here more mad at Obama than banks?
KarmicOmen 2 years ago
I'm more terrified than mad:
I get to starve to death in the future.
Obama can't even show a long form to prove his citizenship at the same time he expands unfunded war in the sandbox and lets the Federal Reserve counterfeit money.
No everything's okee dokee ??? The US taxpayer won't see their demise until they witness the currency implosion themselves.
boots920 2 years ago
The last comment should have read "days younger."
Anyway, we follow the Constitution when we decide who is or is not a US citizen, not British law. Even if we did follow the English law, I suspect that Obama would still be a US citizen. Citizenship of the father is not important, For example, child of Vietnamese mothers and American fathers born in Vietnam are not American citizen according to the Supreme Court. (continue)
LarcheOsborne 2 years ago
If I remember correctly, the Court has ruled that had the mother been American and the father Vietnamese, the child would have been an American.
However, even if both parents are illegal aliens, any child born in the US is an American Citizen.
I cannot address your conspiracy theory. To be frank, I find it rather silly.
LarcheOsborne 2 years ago
However, even if both parents are illegal aliens, any child born in the US is an American Citizen.
Sure US Citizen but not eligible to be POTUS.
I cannot address your conspiracy theory. To be frank, I find it rather silly.
I know the gold price rising every-time the fuckers are counterfeiting currency is hilarious.
Buy war Bonds !!!
boots920 2 years ago
John McCain would of done something instead of this puppet.
berishajrb 2 years ago
Yes, he was planing to invade Iran.
ETericET 2 years ago
@berishajrb Hahahahahaha. Damn, you're funny.
ubernerd35 2 years ago
Yea he might have shit in his Depends better than the carpet.
boots920 2 years ago
Wait a minute. Don't talk to the "Gold is God's Money" idiots. They understand nothing and know even less. The issue is: the WORKERS who MAKE all the wealth should CONTROL it.
decidererer 2 years ago 2
Obama is a tool and a puppet for Wall Street Pentagoons. A war criminal, a liar, a thief, and a fraud. PERIOD.
decidererer 2 years ago
Ya, screw that Obama for invading Irac and Afganistan. Next thing you know he's going to deregulate the finacial industry so bad they will be giving houses to people that can;t pay for them.
ETericET 2 years ago
I hear tough talk from the president, but what I don't see is actions. I don't see a 50% windfall profits tax on bankers bonuses.
rkeppler3633 2 years ago 5
@rkeppler3633 Yeah the banks need a smack down that the Brit Treasury did last week. everything over 45k gets a 50% tax on it ASAP.. Stop the talking and get to walking OBAMA or Fire Tim Gitner who was never really on your team to begin with!
nuumskee 2 years ago
On top of the 40% tax they already pay? Well, considering my Christmas bonus was $1,500 and nowhere near $15,000,000, I was pissed that I was taxed 50%.
KarmicOmen 2 years ago
you are not getting hit for 50% taxes from the FED so stop it. Capitol Gains tax is only 20% and will go to 23% at the end of next year i think. Capitol Gains use to be at 30% years ago. Now the state hits you for taxes and maybe your city and that might equal up to 50% im not sure because each state taxes differently but the FED certainly does NOT charge 50%. I know because I trade currencies for 6 years now and never paid that on any profits made as a result. 50% on bonuses over 45k is ok.
nuumskee 2 years ago
Never gave a break down ... but of course it was STATE and FEDERAL -- but it was still 50%! I live in TAXachusetts, if that tells you anything! LOL!
KarmicOmen 2 years ago
People who preach the Gold Standard mantra don't really understand the nature of "value".
Gold is worth it's current value because people think it's worth it's current value.
It's the same thing with Federal Reserve notes (paper money), it's worth what people think it's worth.
Gold currency has metal backing it, the American Dollar has our nation backing it.
UltraSWG 2 years ago
Comment removed
boots920 2 years ago
People who preach the Gold Standard mantra don't really understand the nature of "value".
Gold = Valuable = 3000% return on original $35 investment
US Dollar since 1913 = 96% loss on the paper, original US 1913 dollar is only worth 4 Cents .
Federal Reserve Note is worth 4 cents ?
You have people like Barney Frank backing your dollar !
boots920 2 years ago
Gold has no intrinsic value. There's nothing magical about gold. Gold is just a commodity that doesn't even perform well. There are so many commodities that pay off better than gold. People who are hooked on gold are doing nothing but buying into fear mongering hype.
UltraSWG 2 years ago
Gold has no intrinsic value.
That's right so when the gold price is hitting historic record levels, it just means the Federal Reserve is counterfeiting paper money.
I'm not hooked on gold, silver is way undervalued (could be equal to gold in value).
What I'm concerned about is the central bank counterfeiting paper money. US fiat dollar system has ended.
boots920 2 years ago
That's right, gold has no intrinsic value. You can't eat it and it won't keep you warm at night. It's just another commodity that you can trade for PAPER MONEY.
So what has the REAL value? Why would you EVER trade gold for paper money if gold is the REAL money? Simple, gold is not money, it's just a shiny metal.
The value of our nation surpasses the value of all the gold in the world. Therefore it only make sense that our nation back the money, rather than have gold back the money.
UltraSWG 2 years ago
gold has no intrinsic value - the market sets the price in a fiat money system.
But worthless gold should be equal to worthless paper
$20 double eagle face = $20 US paper
When that equation becomes
$20 double eagle face = $1800 US paper (90 face value double eagles) the paper is in hyper inflation , or worthless.
but a $20 double eagle never goes to 0 value. Its good forever. Except for when there's no one left to trade food for gold.
boots920 2 years ago
At the time of the Great Depression, America had a 100% gold standard for its money. So that doesn't really solve anything.
In 1980 Gold was $800, but it was $300 in 1992. That's quite a decline.
Gold does go down in value and it will again. Gold can crash just like any other commodity.
The US Dollar has never been worth zero. If it is ever worth zero, I'll concede your point.
UltraSWG 2 years ago
"America had a 100% gold standard for its money "
That's right so the US government took the gold (money) from the people in 1933, then defaulted on the gold certificates in 1939.
All that gold is gone ? What's up with that bull shit.
Paper is paper it always goes to its original value of 0, gold has always maintained value that's why its money.
boots920 2 years ago
The US Dollar has never lost all it's value, so I don't know why you're saying it's worthless.
Gold has literally crashed in value before, losing three fourths of it's value.
People have lost their ass investing in gold. If you bought gold in 1980, you STILL haven't earned your money back in adjusted dollars.
But no one to date has lost their ass by having too many US Treasury Notes.
UltraSWG 2 years ago
"But no one to date has lost their ass by having too many US Treasury Notes."
1913 US dollar = 1 dollar
1946 US dollar is "World Reserve"
1971 US dollar becomes worthless (no gold backing) but is still world reserve (international fraud) and racketeering
2009 US dollar still world reserve and has a real value of 4 cents of the 1913 dollar.
Future value of US dollar 0 cents, won't hold value.
All fiat money ends and resets to 0.
boots920 2 years ago
If you had a 1946 federal reserve treasury note, it would be worth thousands. Treasury notes hold their value quite well.
The United States of America backs the dollar. For the dollar to become worthless, the United States of America would have to also become worthless.
Your speculation that this will happen anytime soon doesn't hold water.
UltraSWG 2 years ago
"Your speculation that this will happen anytime soon doesn't hold water"
1971 - US dollar becomes funny money its already happened dip shit.
US gold reserves = "all salted bars" nothing to back the paper
boots920 2 years ago 10
@boots920 If the American Dollar is worthless, then you shouldn't have any issues with giving me all your dollars, right?
If fiat money was really "funny money" then you wouldn't be able to buy gold with it, dipshit. Retards like you should actually study economics instead of just regurgitating Ron Paul talking points. There would be no way to grow the economy to this degree without a fiat system, that's why the world uses it!
UltraSWG 1 year ago
@UltraSWG
If the US dollar was real money you wouldn't have to use it to buy real money.
Fiat is paper a deception of gold value.
If the US dollar was real money $20 US would buy 1oz of gold.
The world can't use it anymore because their economies are starting to hyper -inflate. US dollar won't hold value.
boots920 1 year ago
@boots920 You could buy gold before 1971 when the dollar was backed by gold, so that argument is just plain stupid. If US Dollars aren't REAL, then they would have no value to you and you wouldn't have any issue giving all your dollars away!
Do you demand your employer pay you in gold, dip shit? When you sell a car, do you demand gold? Hypocritical bastard, you value your money while at the same time calling it worthless.
UltraSWG 1 year ago
@boots920 What do you tell people who bought gold in 1980 and then saw it GO DOWN for TWENTY YEARS?? How did the dollar make gains over gold for 2 decades if it was worthless? How do you know gold won't crash again like it did in the 80's and 90's?
Gold is just a commodity, nothing more. It isn't "real money" any more than unleaded gasoline is "real money". There's nothing magic about gold.
UltraSWG 1 year ago
@UltraSWG
Gold is just a commodity that preserves purchasing value , you can either save in paper or gold.
2000 $100,000 US in paper
2010 $ Now 25,000 US in paper (purchasing value)
2000 $100,000 US in gold
2010 $400,000 US in paper purchasing value
Real money never loses purchasing value and you can't counterfeit it into oblivion like the government assholes are doing now to pay for war.
boots920 1 year ago
@boots920 You only bring up Gold's value in this last decade. You totally ignore Gold's value when it plummeted in the 80's and 90's. Gold only regained 1982 value in 2004. Paper money was MUCH more valuable against gold in 1982 than it was in 1992. In that decade, GOLD LOST PURCHASING POWER. So much for REAL money. You totally ignore that decade and focus only on the last ten years in order to sell your gold-standard BS.
UltraSWG 1 year ago
@UltraSWG
That's right the Federal Reserve Note is being counterfeited into oblivion.
If the Federal Reserve Note was real money $20 would buy 1 face value double eagle.
Read Article 1 Sec 8 and 10
Gold and silver is legal US tender by LAW
Federal Reserve Notes - funny money or bills of credit are illegal
Real money maintains purchasing value
boots920 1 year ago
@boots920 An ounce of gold sold for $277 in 2001. Twenty one years earlier it sold for an average of $615. That defeats your argument very soundly. If gold is supposed to protect us against inflation the price of it should never go down regardless of what the actual demand is for it in the market. The value that we place on gold is how many fiat currency paper notes it will fetch in the market, and nothing else.
UltraSWG 1 year ago
@UltraSWG
What part of LAW don't you understand ?
What's it trading for now when its in competition with the paper. $1150 unstable
Then consider that's the paper gold price (physical gold is leveraged 1:100)
VALUE IS being manipulated through gold certificates.
For the US dollar to be world reserve it should equal to gold value.
Its not because the paper is being counterfeited , just like when the government fucks got caught counterfeiting in 1971.
boots920 1 year ago
@boots920 You don't know SHIT about LAW. It is not unlawful for the Federal Reserve to issue fiat money because the Federal Reserve is not the Federal TREASURY! Do not speak of things you do not understand. The notation on the bottom of a U.S. dollar bill reads "Legal Tender for All Debts, Public and Private", and is issued by the U.S. Federal Reserve, not the U.S. Treasury. Anymore pearls of wisdom, dipshit?
UltraSWG 1 year ago
@UltraSWG
"Make anything but gold and silver coin legal tender in payment of debts"
Federal Reserve Note is funny money because there's nothing backing it.
Its illegal, and its screwed up the US economy
Now who owns the Fed its sure not the taxpayers. The private bank has been fucking up the USA for 97 years.
They'll never recover from the counterfeiting...what a bunch of assholes.
boots920 1 year ago
@boots920 You quoted the constitution incompletely. You left out the part in Article I, Section 10 where it says NO STATE SHALL. So states cannot coin money in anything except silver and gold. However, the constitution says in Article I, Section 8 that Congress has the power to "coin money" but it DOES NOT state that it MUST be in gold, silver, or any other metal for that matter. You need to read the constitution more closely. Fiat money is not illegal, you are wrong.
UltraSWG 1 year ago
@UltraSWG
No state shall the Federal government will provide gold and silver coin (Red Book)
Fiat money = "bill of credit" illegal currency (Federal Reserve Note)
United States Note - Red Seal - legal
This note is legal tender at its face VALUE (Gold Value) for all debts public and private. Why does the USA need some ass clown bank counterfeiting currency.
Its a joke and its fucking up the USA.
boots920 1 year ago
@boots920 Nowhere in the Constitution does it say that the Federal Government will provide gold and silver coins. It only says Congress has the power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures" Besides, the US Treasury does not print fiat money, the Federal Reserve does. Even if we went to a gold standard, where are you going to find 14 trillion dollars worth of gold to cover this economy?
UltraSWG 1 year ago
@UltraSWG
14 Trillion ?
Not a problem Zimbabwe prints up 100 Trillion dollar notes. Borrow from them...
The US hamsters don't realize their life's savings are about to become toilet paper. Fiat money is fine until the assholes start counterfeiting the paper.
That's why gold is going up in Fed Notes it won't hold value even against paper gold. You trust the morons that are counterfeiting paper ? Save in gold and silver at least its worth something at least you'll be able to eat.
boots920 1 year ago
@boots920 What do you tell people who bought gold in 1980 and lost their ass? Lots of people said to invest in gold back then for the same reasons you are saying to right now. It was a bad idea back then, it's a bad idea now.
UltraSWG 1 year ago
@UltraSWG
See how the Fed manipulated the interest rates (what a joke). 21%
I say invest in PHYSICAL silver, the ass clowns are manipulating the market with paper silver again. (GATA HEARINGS)
Let's see save in silver when you need fiat you turn it in and get cash.
Beats waiting to see what day the market collapses. I don't trust banks or the ass clown governments that enable the counterfeiting.
People are free to invest in paper (counterfeit) or physical gold and silver real money
boots920 1 year ago
@boots920 You didn't answer the question. What do you tell people who invested in gold in 1980 only to see them lose 66% of their wealth over the next 10 years? How did that happen?
UltraSWG 1 year ago
@UltraSWG
How did that happen? - not a free market price on gold, no rule of law
Market manipulation , the fed controls the printing press and the interest rates.
Gold isn't a investment its real money , the Fed should have been ended when they got caught manipulating the interest rates.
Also, the US people have to content with all the Gold Nationalization of 1933 is gone. Say bye bye USA.
boots920 1 year ago
@boots920 Gold is as much "real money" as diamonds are. The value of gold is dependent on the supply and demand of it, just like diamonds. If you want to back your money with jewelry, feel free, but I would rather have my earnings backed by the most productive nation on earth.
UltraSWG 1 year ago
@UltraSWG
Except gold and silver is LEGAL US tender.
Productive - What products does the USA make ? Its all been outsourced to slave labor .
You fools believed your corrupt political fucks, now you're screwed.
boots920 1 year ago
@boots920 The Constitution says the States can't make coins out of anything except gold or silver, but it doesn't limit the Federal government at all. And as for what the US makes: The US is the 3rd largest producer of oil, the largest producer of corn, soybeans, wheat, and is also the world's number one producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, salt and a whole lot more. You don't know much about the US, do you actually live here?
UltraSWG 1 year ago
@UltraSWG
but it doesn't limit the Federal government at all - I Know its called subversion.
The ass clowns running your country into the ground ignore the money laws (gold and silver coin only) then the country's society implodes on itself. Ie Detroit.
What consumer goods does the USA make,
Also how much in taxes have been raised for the sandbox wars - 0
That's why the price of gold is so high the assholes are counterfeiting currency.
What a clown show - EVIL - Murder Inc.
boots920 1 year ago
@boots920 The average price of gold in 1980 was $615. A year later it had gone down to $459. By 1985 to $317. In 1990 it was up to $383, in 1991, the year of the first Gulf War, it went down to $362. In 1995 it had risen to $383. On September 11th 2001 gold sold for $287 and on December 26th sold for $276. The yearly average price for 2002 was $309- for 2003 $363- and for 2004- $409. If you invested in gold in 1980, you have LOST money after inflation. Explain that.
UltraSWG 1 year ago
right now the dollars is worth about 4 pennies
andrew09211 2 years ago
If the dollar is worth 4 pennies, will you sell me your dollars for 5 pennies each?
No?
Why not? Because they are worth more than that? But you just said...
UltraSWG 2 years ago
@UltraSWG if 1 dollar is worth 4 cent. Your five cent is only worth 0.2 dollard. That's why. If you had real gold that's worth 5 cent, you'd get every dollard you can.
Icera666 1 year ago
Thas like hitler saying I love jews. Come on look at every member of his administration. As far as the gold standard goes it cant be any worse than what they are doin now. THe fed didnt exist when we had panics? Really? what about 21, 29, 87, 2008? No, it gained more regulative authority as the years have passed. Come on gold is fake, but not as fake as imaginary money. In five years well see what pro-fed ppl are thinking about the fed. Why do people defend what their told without thinking?
StephinRazin 2 years ago
Why should the currency of a rapidly expanding economy be tied to a metal?The gold standard SUCKED. Before the Fed existed the MAJORITY of the time the economy existed it had a depression
Capitalism will always be a system that generates large wealth next to extreme poverty. Government intervention is necessary to keep the whole thing from spinning into complete disaster.
That's what all these so-called "libertarians" can never understand - free markets are the problem, not the solution.
Wobbothe3rd 2 years ago 2
At gold $1100 US and climbing the counterfeiting of currency isn't much of a solution either.
Buy Victory Bonds !! You fuckers really did it this time destroyed the confidence in US dollars.
How do you spell you're FUCKED.
boots920 2 years ago
may not have ran for office to do so
yet did never the less...
revenge53142 2 years ago
If they don't get it regulate them you schmuck. Also you could join France and the UK on the 50% tax on bonuses but nooooo, can't do that. Washington is nothing but a bunch of Wall Street whores.
studio7manga 2 years ago
THEN WHY ARE YOU OBAMA?!
PersonalJesus348 2 years ago
In addition to my post below: This guy is the most unnerved president Ive witnessed. He has been coddled his whole life and has never been exposed to a differing point of view other than being told those points of view are to be disdained. He has been told his whole life that those with a different point of view are simply ignorant. He is visibly unsettled in this interview by the idea that they have not swallowed the hook with the bait. The money was designed in his mind to buy off capitalism.
dangela81 2 years ago
@dangela81 coddled? WTH r you talking about.. He has lived in some of most simplest places in the world.. He mother didnt come into decent money until years later and even then he had to get loans for school and work while there. WTH r u talking about? for a second his mother was on welfare trying to make ends meet. serious, where do u guys come from with these statments
nuumskee 2 years ago
This guy is full of it, and by it I mean himself. He says that they still dont get it. what he means is that capitalists dont get socialism. When he says they caused this mess he is the one who does not get it. This mess was caused by government and the private sector. The GOV caused it by requiring certain income levels have access to money, and ht banks came up with creative lending to supply it. Neither the GOVnor the private sector complained while the money was rolling in.
dangela81 2 years ago
I love how he can lie to millions of people and everyone belives him. He's "job" is to help those people destroy us.
animeownage86 2 years ago
its time the fat cats had a heart attack
gan0nsl4y3r 2 years ago
"its time the fat cats had a heart attack"
Why wait start prosecuting then start hanging the corrupt fucks.
Start with Obama then the whole rotten mess implodes.
Obama can't even prove he's US citizen but you can prove he's Kenyan by birth. (Father was Kenyan)
Makes buddy ineligible and knowingly violating the US Constitution.
That either happens or the US will implode. The money supply is toast new currency has to be made.
Its called gold and silver (legal tender to pay your taxes)
boots920 2 years ago
"this is democracy in action"... ummm no mr president it's congressional democracy in action. we americans have NO DEMOCRACY what so ever. we get to choose between piss and shit and then we're stuck with whatever piss and shit want to do. THATS NOT DEMOCRACY..
oldhacks 2 years ago
That's a great line, too bad that fattening fat cat bankers is exactly what this government and the previous one are doing.
Franco187 2 years ago
Since 1913 The Federal reserve has been in violation of the US Constitution.
Since 1971 the Federal Reserve note (counterfeit) has been in violation of common sense.
Counterfeiting money destroys civilizations its been proven many times in the last 6,000 years.
Notice Obama doesn't mention the real problem "The Federal Reserve". No talk on HR1207
boots920 2 years ago
The FED was created with the assistance of Louis Brandise if I am not mistaken. He is considered by many legal scholars to the most brilliant and talented man to sit on the sit on the Supreme Court in the 20th century. He predicted the weakening of the FED would bring on the Depression years in advance. (He did underestimate the severity of the Depression however.) The weakening of the FED was instrumental in the current recession.
LarcheOsborne 2 years ago
In what way is the dollar counterfeit? Surely you don't refer to our not being on the Gold Standard? Fiat money has been with us off and on since the Civil War.
LarcheOsborne 2 years ago 2
In what way is the dollar counterfeit?
Gold is money
US Fed note is paper
When the assholes are counterfeiting paper notes the gold price goes up especially in world reserve currency.
What should a taxpayer do wait until it costs 10,000 US to buy 1 $20 double eagle coin ?
boots920 2 years ago
Do realize how much gold would be required to return to the gold standard? Also, the value of the dollar would become worthless. And if by returning to the gold standard, creditors could require you pay your debts in gold, you would go bankrupt make you car notes, not to mention house mortgages. The effects on the average American would be awful. Even conservative economists, so far as I've read, don't insist on a return to the gold standard.
LarcheOsborne 2 years ago 3
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"Do realize how much gold would be required to return to the gold standard? "
Do you realize how much it will cost the taxpayers if they don't.
FREEDOM = Priceless
At this point a taxpayer can invest in gold and silver (real money) or keep his worthless savings in PAPER.
Like I said do you buy 1 double eagle at $1100 US or wait for the boxing day sale at $10,000 US ?
I'm buying now instead of latter, hamsters can wait until the boxing day sales.
boots920 2 years ago
Do actually believe half of the **** that you type, or do you just have nothing better to do? "Hamster taxpayers"? LMFAO.
JBeatty17 2 years ago 3
Well I deal in reality don't you ?
The US government has been counterfeiting world reserve currency since 1971 (Nixon the asshole ends gold backing of the US dollar).
Reality:
1) all world governments agreed that having a fiat paper currency is a great idea (even Castro)
2) I don't have to convince some one that 1 oz of gold isn't worth more than $35 dollars US (price didn't change in any significant way since 1776)
3) US Dollar is world reserve if its not being counterfeited $35 will buy 1oz
boots920 2 years ago
So WHY are out politicians so intent on destroying the dollar and creating One World Gov't? What's in it for THEM? Wouldn't they be out of a job in One World Gov't?
JBeatty17 2 years ago 2
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I don't know why don't you ask the peasants that died during the last time the inbreds tried this bull shit. (Roman Empire)
Isn't it great we get to live through at least a 30 year depression ?
boots920 2 years ago
The Roman Empire did not die because it didn't use the gold standard. The fall of Rome was long in the making and consisted of many different factors.
2)Even the teabaggers, as inane as they are, don't predict a thirty year recession. Which economists back this claim? Do you have some special knowledge that economists lack? If so, please share it with them. (continued)
LarcheOsborne 2 years ago
3)The gold standard did not prevent recessions in the past. We were on the gold standard during the old panics, and we were on the gold standard at the onset of the Great Depression. Furthermore, the FED didn't exist when we had panics, and it had lost virtual all its regulative authority well before the onset of the Great Depression. What makes you think the same trend won't be follow if we get rid of the FED and return to the gold standard?
LarcheOsborne 2 years ago 2
The Counterfeiting standard won't prevent implosion either ?
How many great depressions were there before the Fed came into being ?
How many world wars before 1913 ?
Who's paying for the unfunded sandbox wars that the UNITED STATES of America is waging ?
The peasants of the planet through the counterfeiting of the Federal Reserve Note.
The Gold Standard just prevents counterfeiting on a large scale. The only standard peasants have now is the gold price.
boots920 2 years ago
"The fall of Rome was long in the making and consisted of many different factors. "
Such as debasing their coins so bad that there was no value in the coins.
USA = 1965 - silver taken out of coin
Or
The Tin Coins were rejected by foreign governments
USA = 1971 when Nixon the asshole ends the gold backing of the US dollar because he was COUNTERFEITING currency to pay for the Vietnam debacle.
The only difference this time is there's no gold standard to sacrifice.
boots920 2 years ago
Are you talking about currency leaflets dropped?
KarmicOmen 2 years ago
@boots920 copy-paste-copy-paste
carrierexchange 2 years ago
"@boots920 copy-paste-copy-paste"
Well you can't just make up law otherwise you get a debacle like the planet's faced with right now.
Currency implosion happens overnight, then the US fuckers have to face REALITY.
boots920 2 years ago
OK Boots, You cling to your gold. Does your employer pay you in gold? Do you make you mortgage payments in gold. Do you shop with gold?
If so, keep in mind that the value of gold is not fixed. Be sure to stay plugged in to the most recent changes in gold prices or you may find yourself going to dinner and because of the sudden change in value, you may not have enough gold to cover the cost.
LarcheOsborne 2 years ago
"OK Boots, You cling to your gold. Does your employer pay you in gold? Do you make you mortgage payments in gold. Do you shop with gold? "
Yea I have to do the extra step of taking the worthless paper and turning it into REAL money.
"If so, keep in mind that the value of gold is not fixed"
Yea keep in mind the government is going to change the paper money to a new script. If you save in paper you have to bring the paper to the bank to get new script.
Gold no have to do ? Eh hammy ?
boots920 2 years ago
How have you become privy to all this secret information that has eluded me during my long education?
Cite some sources, please to back up some of your claims.
LarcheOsborne 2 years ago
"Cite some sources, please to back up some of your claims"
The Truth stands alone like Jefferson said:
"It is error alone which needs the support of GOVERNMENT. Truth can stand by itself".
Example:
Gold is money = Truth
Fiat US Federal Reserve Paper notes is ERROR
You need government spin to say worthless paper is actually worth something.
Propaganda or Spin US Fednote = Error
It is the absolute right of the State to supervise the formation of public opinion.
Joseph Goebbels master of spin
boots920 2 years ago
boots, I have a Roman coin dating to Roman period at its about the year 2000, and it contains no silver or gold. The Roman Empire, I agree, had some poor economic policies at times, but the gold standard or lack there of had nothing to do with it. The same is true for the US. As I pointed out, the FED had been weaken and almost stripped of its ability to regulate before Great Depression and we were on the Gold Standard we hit. (continued)
LarcheOsborne 2 years ago
What has the Gold Standard to do with the Great War? We were on the gold standard at the time. The Great War began as conflict between Serbia and the Hapsburg Empire, and had nothing to do with gold. You ignore the massive economic upheaval it would cause to return to gold and silver, and offer no reason why we should.
LarcheOsborne 2 years ago
US Federal Reserve Note = World Reserve paper
All global fiat currency is based on = World Reserve paper
Its all paper right , worthless so you get a DIV error when you divide 0 by 0.
Gold never goes to 0 value so the true value of gold is physical gold that exists divide by all fiat money in circulation.
When you get a rise in gold price the fucking US assholes are counterfeiting currency.
boots920 2 years ago
do you have this shit stored in text files on your desktop or?
carrierexchange 2 years ago