AMERICA !!! TAKE BACK YOUR MONEY - Part Two
Uploader Comments (HurricaneHeidi)
Video Responses
All Comments (17)
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ha ha....DIRTY BANKS I hope they go out of business....oh wait they are by the hundreds!
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i really like this woman. i'm thinking i could watch and listen to your message alot. cant wait for the next post. thank you again.
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Peaceful non-compliance. Let them prove that the alleged debt is real. Does "consideration" play a role? If you sign a credit card contract you are providing a promise to repay in the form of your signature. However, the card company never actually has/had the "money" that they "loaned" to you so they never provided "consideration" under the UCC when they entered into the contract, thus voiding the contract. They just entered some made up numbers into a computer and hoped they would profit.
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400% in a couple of months seems like too much. You should probably investigate more. If this went up so much because of a speculative bubble, it may be a good idea to get out.
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Local currencies would help for sure, but many of these are not sound propositions, since there is no backing and they are printing too many. So they have the same problems as the other fiat currencies.
The Liberty Dollar was a great attempt, but it got robbed by the FBI. No charges.
Unfortunately I think IRAs will bust out if there is hyperinflation. Stocks are good as well if you know the companies are sound.
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EUROs are used in all the world as well but much less massively than USDs. That means that even if all the world except Europe stops using Euros, they will still keep a lot of their value.
Gold and silver can be used to pay online, but it's not very widespread yet. Wiki: "Digital Gold Currency"
The Fed doubled the supply during 2008 through printing. Though more debt money was destroyed. But eventually all that extra "real" money will cause hyperinflation. It looks like it's already happening
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Gold and silver do have their problems, but they will keep their value through a crisis or even rise if more people start using them, which they probably will.
USDs are far less stable than EUROs because USDs are used massively all over the world.
There is hardly any country where the central bank is not holding a significant amount of USDs and/or US bonds.
And individuals from all the world still use USDs. But they only do that because they think USDs are trustable.
Great video.
It would be even better to start using alternative mediums of exchange instead of US dollars. Gold and silver would be good options.
When we use dollars we are paying the Fed, because when they print new ones, ours lose value.
If we stop using them they can print all they want, nobody will give them anything for them.
NoCryingNowYes 2 years ago
Gold and silver are cumbersome, and cannot be used to purchase anything over the Internet. I don't expect merchants and service providers to willingly accept them in payment.
I'm thinking that USDs are as stable as EUROs or any other fiat currency -- especially if they are no longer being inflated via the lending process. IOW, once your USDs are in a Credit Union, and lending only takes place between CU Members, the main avenue for the Fed's inflation via legalized counterfeiting is cut off.
HurricaneHeidi 2 years ago
Very interesting video linked in your above message about the grocery stores accepting silver and gold... it's a start, for sure.
Meanwhile, I have read some articles about small towns issuing their own scrip as a local medium of exchange. It started in Britain and is spreading. It encourages patronage of local businesses and service providers, also.
Use keywords "local currency" in google and you will find several good articles about regions that are already doing this! Very exciting!
HurricaneHeidi 2 years ago
I am worried about dumping USDs completely because so many of us have IRAs and stock investments in USDs.
I sold every mutual fund in my IRA and I used Sharebuilder to invest the proceeds in renewable energy companies (wind, solar), alternative fuels, and gold mining stocks. They are doing VERY well. One gold mining stock has gone up 400% since I purchased it a couple of months ago. All the wind and solar stocks are doing well too. I had to diversify among alternative fuels.
HurricaneHeidi 2 years ago
Thanks for this information, Heidi. I'm sorry to admit I didn't give much thought to the difference between banks and credit unions before, and I didn't consider that credit unions were outside of the banking system. I have one question though: is there a trustworthy instiution/organization that rates credit unions? I'm wondering how I guage my local credit unions' management and reliability. Thanks!
easyreader13 2 years ago
easyreader13 -- I have just included an annotation with a URL which I believe will answer your questions.
I am also sending it to you personally via your inbox.
HurricaneHeidi 2 years ago