END DEBT SLAVERY NOW - American National Credit
Uploader Comments (oldickeastman)
All Comments (86)
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The horst wessel lied? Really?
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If gold is a bubble, why do so few own it? (1%?). Why have gold stocks not exploded? In fact, why has gold itself not exploded upwards. It was a very steady climb over the last ten years. This doesn't mean gold can't go down, but I'm saying it doesn't have the characteristics of how bubbles are usually defined.
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@oldickeastman Dick, I am stuck here at 500 characters to answer you. It isn't good. Is there another way to contact you where I can write without being stuck with that 500 limit? You are asking some very involved questions, and I need more room to explain myself. Larry
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@oldickeastman You are responding to someone who wants to "create new money." I don't, and given our current laws, would not use such "money," if that's the right word for it. Right now, there are no practical barter instruments but the precious metals, and as such, they would be used, rather than hidden in vaults. All such metals can be lent out with interest, just as they are. "Creating new money," or barter instruments, has no practical application in our current situation. Larry
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@oldickeastman As soon as the metals come into our hands, the metals are ours, and they have value both as barter tools, and trading with those industries that use them. Their prices will be affected by those trading with them, including those trying to corner the markets, and the mining industries. I recognize some of the risks, but what you are proposing, social credit, is total risk, and a dreamworld. It might also require abolishment of our legal tender laws, which I favor. Larry
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@oldickeastman I am not against investing in other commodities. Gold and silver have properties as "money" that the others don't have. Hence their traditions as "good money." You are the one suggesting a highly questionable "social credit" paper money with no use as "legal tender" or barter, for that matter, at this time. Social credit is a dream of yours that might have a chance if you'd bother putting some out as barter tools. Larry
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@larrycohen50 First thanks, Larry. Your the only fellow discussing any of my videos. I appreciate it. Yes, monopoly money is suitable only for one purpose, that for which it was created. Now in the Real Economy we seem to have allowed on of the players, Rothschild by name, mix the "bank" with his own funds. Did you know that ALL HYPERINFLATIONS HAVE BEEN THE WORK OF ROTHSCHILD CENTRAL BANKS and not governments. Governments don't control government printing presses. The bullion monopoly does
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@larrycohen50 Larry, if there was going to be hyper-inflation then any real commodity is a hedge against it, not just gold or silver. Land, tools, food, medicine, seed etc. True bubbles always result of market manipulation, of exploitation of "asymmetrical information" - not "mal-investment" but deceived investors. The big mistake is to call it a bubble when a solid economy based on good investment is "hollowed out" by net interest drain that kills purchasing power, demand and remuneration.
Larry, think this through. Would every check written in the US have to be uniquely backed against a quantity of gold in the bank's vault or would you allow checks to be written if a fraction of the amount is in the vault? If you want 100 % backing, then don't alliances of billionaires now owning most gold and gold mines obtain power to inflate or deflate circulation at will? Or, if is gold the legal reserve, as in the historical gold standard, does not that multiply power to manipulate?
oldickeastman 4 months ago
David Krynicki to a gold-standard libertarian": "How do you get to create new money just because you own some gold? I say. If you want to go into the money lending business and your gold is worth $100,000 then sell it so you will have the money to lend. But you want to keep your gold and still lend $100,000 just on its value while your gold is hidden in your vault. You indeed have created new money, lent it out at interest, and consequently assumed no risks in the transaction. Parasite.
oldickeastman 5 months ago