'The Creditor and the Plastic Duck Junkie'

Let's say that I make plastic ducks and that I sell them to a broke-ass deadbeat with an addiction to...well... plastic ducks.

The ducks cost me a dollar to make and I sell them to the junkie for $2. My profit is $1.

He, being a broke-ass debt ridden, plastic duck junkie, is constantly begging for a loan, so I regularly lend him 50c from the profit I make. I say, loan, but its a teaser really - to keep him ordering ducks.

The other 50c of profit I invest wisely in sound resource companies, commodities, and tangible assets. The hard stuff - stuff that'll hold its value and probably increase in future.

Friends call me a fool for lending this broke-ass plastic duck junkie money. "It'll be flushed down the drain" they advise me.

"Oh, no doubt about that", I reply, but every plastic duck I sell to that plastic duck junkie gets me another 50c genuine profit (which I put into those good investments), and another 50c of bullshit profit that I can lend back to the junkie to keep him happy without caring about it too much.

And what does he do with those 50c loans?.... hahaha... he mainly buys more frickin' plastic ducks. Its hilarious. More ducks.

Those 50c loans to the plastic duck junkie are already written off as far as I'm concerned, anything I get back is a bonus. Ok, so its added up to $1trillion or so so far, and yes that is a lot of money, but how much do you think I've accumulated in genuine profit from the other 50c? And that's invested in solid commodities, resource companies and other solid investments and infrastructure financed by that junkies addiction to plastic ducks.

And ask yourself this. Do you really think that I'm not ahead of the game in dealing with a plastic duck junkie? Do you really think that i don't have a long term plan?

And, do you really think that I'd keep lending money I really cared about to a broke ass plastic duck junkie who's only method of repayment is to steal from his kids?

If you do, then you, my friend, grossly underestimate me.

"See a person's means
Observe his motives.
Examine that in which he rests.

How can a person conceal his character?

Category:

Education

Tags:

• china
• lend
• debt
• U.S.
• America
• default
• peter
• schiff
• ron
• paul
• federal
• reserve
• money
• printing
• hyperinflation
• deflation
• gold
• silver
• price

[Doenietmeermee]

while lots "truthers" make you believe China is pulling out of US bonds, look at`this

w w w . t r e a s .g o v / t i c / m f h . t x t

My question is of the day I could not answer, why do broke European countries like the UK do the same thing as China; big expension, while they are broke them selves, not like China? with 10 billion a month

[flaskofcoffee]

Hi Doen...

There is a whole other video in your comment - one I have been pondering for some time.

How does the U.K. increase its purchases of U.S. debt whilst increasing its 'Q-easing' and seeking buyers for its own debt?

I think that the U.S. and U.K. (+ others) are working a scam on the Debt Market to keep the real buyers paying over the odds.

Think in terms of ebay bidding scams - "I'll bid up your item, and you bid up mine".

The purpose being to keep interest rates pegged low.

[flaskofcoffee]

Hi all. I'm delighted to find the video being well received - especially as viewers seem to be taking it as 'food for thought' rather than a fixed and final opinion.

I simply wondered "what if the U.S. actually did screw Chinese Treasury holdings with a devaluation of the dollar, how much of a surprise would it be to the Chinese?"

'Death of the dollar to devalue debt' is about the worst-kept secret plan there is.

Maybe China has real profit, plus 'maybe' profit.

[leninstreet]

Great clean analysis. My only problem with it is that reality often is more complex. Let's for the fun of it assume that this junkie spends most of his money buying weapons. He has this big machine gun that he is constantly showing to everybody and psychotic disposition. Further assume that he has already at one time shot a guy with this gun and is currently threatning some other guys in the neighborhood. How smart is it to do business with this junkie now?

[flaskofcoffee]

If he holds the gun... and insists that you do business with him... maybe best to play along, until your friends can sneak up behind him and divert his attention long enough to make a move.

Given the chance to avoid him, of course, best do so; as you rightly observed.

[Raycheetah]

Amazing parable, and quite apt. Makes me feel wonderful... For the plastic duck MANUFACTURER. Not so much for the plastic duck junkie. ='[.]'=

[i4Truth]

You're best video yet flaskofcoffee!!!

[hcnoreform]

America is SCREWED because so few of the sheeple realize what is happening. BO is spending like never before and half of America doesn't pay any FED taxes - while many get "refundable credits".

Yes, America is screwed and China will end up owning it all. Just a matter of time.

[FOXnewsAlien]

so if i live is a gated home and make money then I must be rich biach?

[rolficus]

great vid

[tubeman661]

Do you know how much international bank investor took from the 50 cents profits? In fact, China loan out more than they actually made.

The really winner is international investor.

[Tabooga65]

no matter what shithole nation you come from, It is becuase America has helped you that you are even alive. Every nation on earth beneifited from America. That is why you are the real punks.

[ElSaijinMink]

XD!!!!!!!!

[Mokouteh]

O thanks for explaining it to me china. I always wondered why help punk ass America.