"$2 million per minute"

[hurleyjd]

Would we be in the financial shape as a nation if we were on the gold standard. Would there be enough gold in the world to support commerce as needed.

 

[Fieldhand]

Net interest payment per percent of GDP. Money leaving our economy.



The value of the dollar will continue to drop.

In this system, We will never win. We will never maintain payments.

 

[bball]

Would we be in the financial shape as a nation if we were on the gold standard. Would there be enough gold in the world to support commerce as needed.

Based on the image posted by FH, it would appear we were headed for this situation decades before the gold standard ceased to be used. So in short, yes. I suppose it doesn't matter what standard you use in our current system, the FR (member banks) win. Several here have posted evidence of the ever shrinking power of the USD.
Just so many distractions.

 

[Fieldhand]

https://t.co/s9vpvI7Z5k?amp=1

Treasury Department Office of Foreign Asset Control. (OFAC)

List of people and organizations who's assests have been frozen or blocked.

Over 11,000 pages of names.

Trillions in assets.

Why?

Due to the December 21, Executive Order?

 

[haase]

Since were doing quotes from people from the past, and talking about the government, how does a fool and his money are soon parted fit in?

 

[Fieldhand]

Ending the FR necessary?




Ending FR possible?

Plans to not harm, but give hope and a future?

Ever heard of Harvey Francis Barnard, the systems philosophy and engineering consultant grad from Louisiana?

Has a plan ever been presented to Congress?

Ever heard of "Draining the Swamp: Monetary and Fiscal Policy Reform" (1996)?

See (Download or read proposed bill) at bottom of page in link below.

https://web.archive.org/web/20141013060 ... /index.htm

 

[Nesikep]

If "Trickle down" worked, the middle class wouldn't be in decline... When you look at the 50's, things were going well, and the middle class had money

 

[True Grit Farms]

If "Trickle down" worked, the middle class wouldn't be in decline... When you look at the 50's, things were going well, and the middle class had money

You remember things alot different than I do. Back when I was growing up the middle class drove junk vehicles, and no one had a boat. Everyone is living over their head, spend, spend, spend. I preach this to my daughter daily, at least my son gets it.

 

[Nesikep]

I think there are other factors too.. Like there were no credit cards, so credit had to be for an asset.. like a house.. Now, every darned gimmick is bought on credit... dang, the new Iphone is $1800 and people just gotta have it! You can make payments on your car now for 84 months... you can be sure that after a year the car is worth less than what you owe on it! You're lucky if it still runs by the time you pay it off

 

[Bestoutwest]

Since were doing quotes from people from the past, and talking about the government, how does a fool and his money are soon parted fit in?

You remember the ostrich craze?

 

[haase]

I remember the ostrich craze, we even built a few ostrich barns back then, I thought it was a little bit funny, and it sure didn't last long.

 

[Fieldhand]

WASHINGTON, D.C. – With the U.S. Senate expected to vote on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, this week, U.S. Senator Rand Paul (R-KY) today announced he will introduce his "Audit the Fed" bill, which would authorize the first-ever thorough audit of the Federal Reserve System, as an amendment to the financial reform legislation.

"While we have made great strides in reviving our economy through curbing overzealous regulation and cutting taxes, lasting prosperity will escape us if we do not hold the enabler of big government and our astronomical national debt accountable. It's time for the Senate to side with the American people by removing the shackles on congressional oversight and lifting the Fed's veil of secrecy. It's time for us to pass Audit the Fed," said Dr. Paul.

In January 2017, Dr. Paul reintroduced the Federal Reserve Transparency Act (S. 16), widely known as "Audit the Fed," to prevent the Federal Reserve from concealing vital information on its operations from Congress. A year earlier, a bipartisan Senate majority voted 53-44 in support of Audit the Fed, falling just short of invoking cloture.

Audit the Fed would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve's Board of Governors and reserve banks within one year of the bill's passage and to report back to Congress within 90 days of completing the audit.

The legislation would amend section 714b of Title 31 of the U.S. Code to allow the GAO to fully audit:

transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
transactions made under the direction of the Federal Open Market Committee; or
a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

Are you ready?

 

[True Grit Farms]

WASHINGTON, D.C. – With the U.S. Senate expected to vote on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, this week, U.S. Senator Rand Paul (R-KY) today announced he will introduce his "Audit the Fed" bill, which would authorize the first-ever thorough audit of the Federal Reserve System, as an amendment to the financial reform legislation.

"While we have made great strides in reviving our economy through curbing overzealous regulation and cutting taxes, lasting prosperity will escape us if we do not hold the enabler of big government and our astronomical national debt accountable. It's time for the Senate to side with the American people by removing the shackles on congressional oversight and lifting the Fed's veil of secrecy. It's time for us to pass Audit the Fed," said Dr. Paul.

In January 2017, Dr. Paul reintroduced the Federal Reserve Transparency Act (S. 16), widely known as "Audit the Fed," to prevent the Federal Reserve from concealing vital information on its operations from Congress. A year earlier, a bipartisan Senate majority voted 53-44 in support of Audit the Fed, falling just short of invoking cloture.

Audit the Fed would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve's Board of Governors and reserve banks within one year of the bill's passage and to report back to Congress within 90 days of completing the audit.

The legislation would amend section 714b of Title 31 of the U.S. Code to allow the GAO to fully audit:

transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
transactions made under the direction of the Federal Open Market Committee; or
a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

Are you ready?

Yes.

 

[bball]

WASHINGTON, D.C. – With the U.S. Senate expected to vote on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, this week, U.S. Senator Rand Paul (R-KY) today announced he will introduce his "Audit the Fed" bill, which would authorize the first-ever thorough audit of the Federal Reserve System, as an amendment to the financial reform legislation.

"While we have made great strides in reviving our economy through curbing overzealous regulation and cutting taxes, lasting prosperity will escape us if we do not hold the enabler of big government and our astronomical national debt accountable. It's time for the Senate to side with the American people by removing the shackles on congressional oversight and lifting the Fed's veil of secrecy. It's time for us to pass Audit the Fed," said Dr. Paul.

In January 2017, Dr. Paul reintroduced the Federal Reserve Transparency Act (S. 16), widely known as "Audit the Fed," to prevent the Federal Reserve from concealing vital information on its operations from Congress. A year earlier, a bipartisan Senate majority voted 53-44 in support of Audit the Fed, falling just short of invoking cloture.

Audit the Fed would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve's Board of Governors and reserve banks within one year of the bill's passage and to report back to Congress within 90 days of completing the audit.

The legislation would amend section 714b of Title 31 of the U.S. Code to allow the GAO to fully audit:

transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
transactions made under the direction of the Federal Open Market Committee; or
a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

Are you ready?

Why would any senator vote against this act? As 44 did in 2017?

 

[True Grit Farms]

WASHINGTON, D.C. – With the U.S. Senate expected to vote on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, this week, U.S. Senator Rand Paul (R-KY) today announced he will introduce his "Audit the Fed" bill, which would authorize the first-ever thorough audit of the Federal Reserve System, as an amendment to the financial reform legislation.

"While we have made great strides in reviving our economy through curbing overzealous regulation and cutting taxes, lasting prosperity will escape us if we do not hold the enabler of big government and our astronomical national debt accountable. It's time for the Senate to side with the American people by removing the shackles on congressional oversight and lifting the Fed's veil of secrecy. It's time for us to pass Audit the Fed," said Dr. Paul.

In January 2017, Dr. Paul reintroduced the Federal Reserve Transparency Act (S. 16), widely known as "Audit the Fed," to prevent the Federal Reserve from concealing vital information on its operations from Congress. A year earlier, a bipartisan Senate majority voted 53-44 in support of Audit the Fed, falling just short of invoking cloture.

Audit the Fed would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve's Board of Governors and reserve banks within one year of the bill's passage and to report back to Congress within 90 days of completing the audit.

The legislation would amend section 714b of Title 31 of the U.S. Code to allow the GAO to fully audit:

transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
transactions made under the direction of the Federal Open Market Committee; or
a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

Are you ready?

Why would any senator vote against this act? As 44 did in 2017?

Because their the swamp?

 

[Fieldhand]

**Language Warning**

[youtube]https://youtu.be/xbiDrzTd8fE[/youtube]


[youtube]https://youtu.be/A25EUhZGBws[/youtube]

 

[Fieldhand]

[youtube]https://youtu.be/F3goSYkVPNE[/youtube]


[youtube]https://youtu.be/Bu2wNKlVRzE[/youtube]

 

[TennesseeTuxedo]

That movie was fairly accurate. Crazy big money was made during the sup prime lending run up.

 

[True Grit Farms]

That movie was fairly accurate. Crazy big money was made during the sup prime lending run up.

b

Made or stole, it's all a matter of what side you were on.

 

[Bestoutwest]

**Language Warning**

[youtube]https://youtu.be/xbiDrzTd8fE[/youtube]


[youtube]https://youtu.be/A25EUhZGBws[/youtube]

Read the book, much, much better. And while you're at it, order Flash Boys by the same guy. It'll make you sick the money that the big banks are making. Hundreds of millions a day, a DAY! on private darkroom servers. It's disgusting.