CURRENCY COLLAPSE: How the US Government Is Destroying the Dollar
latewire.com ——- [slide 1] Thіѕ box rіght here represents thе yearly federal budget. Wе′re going tο apportion іt up іntο 2 раrtѕ [slide2] thе раrt paid fοr bу tax dollars, [slide3] аnd thе раrt paid fοr bу everything еlѕе. Fοr thе purposes οf thіѕ video, wе′ll ѕау аbουt [slide 4] 2/3 οf thе budget іѕ paid fοr wіth tax dollars, bυt уου ѕhουld know thаt іn thіѕ year, 2009, taxes account fοr much less. [slide 5]Now wе′re going tο apportion thіѕ up additional аnd look аt јυѕt thе раrt paid fοr bу using cash outside οf taxes. [slide 6] On thе left, wе′ll рlасе thе раrt paid fοr bу privately bουght treasury bonds. [slide 7] Thіѕ wіll contribute tο thе infamous national debt, whісh іѕ currently approaching $11.7 trillion dollars. [slide 8] Thе οthеr раrt іѕ paid fοr bу printing cash. Thіѕ іѕ done bу аn institution renowned аѕ thе federal set aside, аlѕο renowned аѕ Thе Fed. Thе Federal Set aside іѕ NOT officially раrt οf thе government. Theoretically, thе reason fοr thіѕ іѕ tο mаkе sure thаt thе government саnnοt print cash directly tο pay іtѕ bills. Thе Fed іѕ supposed tο act independently аnd nοt print cash unless іt іѕ іn thе interest οf thе economy. Bυt, thе еnd upshot οf thіѕ іѕ thаt thе government gets аll thе printed cash іt qυеѕtіοnѕ fοr, regardless οf thе effect іt mау hаνе οn inflation аnd thе economy. Whenever a government οr central bank prints cash, іt causes inflation. Inflation іѕ a classic double-edge sword. [slide 10] Bу mаkіng thе currency value less, people whο owe …
Assignats were paper cash issued by the National Assembly in France during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became renowned as biens nationaux. Assignats were used to successfully retire a significant part of the national debt .
OK, Family meeting folks, need to cut cost, for starters bare bone essentials only, canceling all insurance policies (frauds anyway) walk away from credit cards (Fico: huge fraud), walk and bye bye underwater mortgage. Hey,…it’s just a pragmatic family business choice. Got the thought from Wall Street too huge to fail banks, I hear they are really excellent at it, got my Tarp cash and all, so screw it. Start me a family weed/veggie garden, shop local, pop me a cool one and,..Oh, well Fuck it.
2/3 paid for by taxes? LOL
Our taxes only pay for the interest on our current debt. Everything else is paid for by taking out new debt.
right!
@fiftthavenuegirl
I agree in regards to the Fed Banks, and also that media is completely manipulated and controlled. They even encourage some division to keep citizens divided on lesser, safer political issues
But, seems they all enable each other as politicians have also voted themselves an orgy of pay/benefits while financially raping the tax paying middle class.
For the most part our renowned dear leaders are small-sighted tools of the unknown men behind the curtain which you mentioned.
@allansed Have you ever studied at nominal amount a rudimentary form of economics at college or even high school, it doesn’t work. This is what happens when you take your liberal philosophy into effect. Gov is not the solution, it is the problem.
@allansed you should read a book before making stupid observations!
And let’s be clear here. The State has been focused on and blamed for poor management when the FEDS HAVE GOTTEN MASSIVE RAISES SINCE AT LEAST 2007. IN FACT, YAHOO ABOUT A WEEK AGO SAID 19%!!!!!!!!!!!!!!!!!!!!! HOW COME NO ONE IS FOCUSING ON THIS? BECAUSE MAINSTREAM MEDIA IS OWNED BY THE MEN BEHIND THE CURTAIN OF THE FED GOVT
so 90% tax is coming
That is a excellent point. But I reckon the fed can get the new cash out through forex as well.
So basically, as we all pay Tax does this mean that we are all supporting The wars.bloodshed and murders produced by going to war.. Did any one see that on the voters poll booth.. Or was I looking the other way that day..Can anyone produce the copy of the law where it specifies you have to pay Tax…There ain’t one.. Thats Why.. For all you readers-Stop supporting Hell on Earth..
I reckon the government should just start from scratch and clear all of it’s debt. If we have the power to go into a sovereign nation kill the people and replace it’s leaders, surely we can eliminate all of our debt.
I reckon you are missing something. The federal set aside, but t-bonds to buy cash. Thus, it is the government that is really making cash.
The Federal Set aside Corporation is there to serve its Beneficiary. It’s Beneficiary are the private member banks and NOT the People.
This is the problem. – Persons private member banks are International Banks and place themselves and their profits ahead of the benefit to the People.
It is the fiduciary duty of the agents / employees an chairman (all Trustees) of the Federal Set aside Corp. to serve their Beneficiary.
Even if the government did nationalize it, this problem would subdue exist.
listen with all the new bailouts and printing cash is causing inflation. Countries are getting rid of the dollar. oil traid is only bought in US dollars. Not for long. The dollar will collapse. also count the new shape care bill will increase taxes to around 40% of our paychecks
With the government’s own numbers saying the national debt will be ~25T by 2019, if interest rates were to go to say 15%, that’d be an extra 3.75T PER YEAR on debt benefit alone.
Since unknown will be export our debt, and our habitual budget being too large to pay for with taxes already, it’s conceivable ALL that debt would be printed.
Excellent question.
High interest rates would lead to less inflation in the private sector like you say. But, the existing PUBLIC (national) debt would be compounding. The SERVICE (payment) on that debt would be paid for by inflation, taxes, and debt.
Say the national debt is 10 trillion dollars (understatement). If the interest rates were to rise to 10% (understatement), that’d be $1 trillion new debt the first year. That amount will be added to the budget, and a part of that gets printed.
Splendid video, but, why would higher interest rates lead to more inflation? I reckon higher interest rates should lead to less inflation. Savers will save their cash on bank accounts and this cash can then be used for investing by persons banks holding these accounts, making it less desirable to make new credit/debt. The problem is the interest rates are far too low right now.
Send in the Clowns!!
The plot is to collapse the system so they can go to a one world currency and then a one world govt by 2011 with total control of a slave population. But they, the elite, also have a population saving plot ala swine flu. Look up the Georgia Guide Stones, operation Gardenplot, Rex 84, FEMA camps or coffins. It’s a Satanic agenda. Listen to Alex Jones and Stevel Quayle. Get ready for the collapse If you are in the US.
So “they” are a bunch of assclowns, or it is intentional. Which do you reckon it is? I really don’t reckon it’s because “they” don’t know what they are doing. This means there is a conspiracy to ruin the dollar. What is “their” plot??
foool you!
So basically your saying the people in charge are like amusing haha clowns or something?
But the joke will be on us?!?!
Magnificent!
Can we get back to a Constitutional free market system after they collapse the current one?