[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

4 Ways to Detox Your Body From Toxic Microplastics (backed by science)

TRump Negotiating 3 deals without Israel

Nobody on this list has a chance.

The 76 shots that children in this country receive None of them have been safety tested in pre-licensing studies against a placebo

3M Settles New Jersey's 'Forever Chemicals' Contamination Lawsuit For $450 Million

Big Daily News

What does public school do to children?

Guilty of Transphobia?

Elizabeth Warren has claimed, "Check my website. I don't take contributions from Big Pharma executives.

Walmart Is Preparing to Welcome Its Next Customer: The AI Shopping Agent

Mehdi Hasan debunks top 7 lies about Gaza

Why The Qataris Are Happy To Dump Their 747 On Trump

President Trumps New Diplomatic Agenda

White House Has Presented Iran With Written Nuke Deal Proposal In Huge First

I have NO words...

Elon Musk's tunneling robot

What's happening in Mexico is HORRIFYING and President Claudia Scheinbaum is in on it

RFK Jr TORCHES Big Pharma Libs In Congress "You Tried For 20 Years, I Did It In 100 Days"

Ed Martin Reveals J6 Pipe Bomber Probe Shakeup, Warns DOJ 'Much, Much Worse Than People Think'

"Rogue" Devices Found Hidden In Chinese Solar Panels Could "Destroy The Grid"

U.S. Deficit Hits $1.4 Trillion as China’s Surplus Climbs to $1.1 Trillion

Breakdown in classrooms Students using AI can’t read write or solve basic math

“Don’t you dare enforce the law!”

Can the Annual Theft of $521,000,000,000 From the Federal Budget Be Stopped?

Another conspiracy theory confirmed

This should infuriate every American

Supreme Court to Hear Challenge to Nationwide Injunctions in Trump v. CASA

Older Employees Can’t Retire – FORCED to Work Minimum Wage

The Met Office is Unable to Name the Sites Providing Estimated Temperature Data For its 103 Non-Existent Stations

EPA Targets Engine Start-Stop Systems In Cars


Editorial
See other Editorial Articles

Title: Starting A Conversation On The Economy With The Average Person
Source: [None]
URL Source: http://None.net
Published: Sep 12, 2010
Author: Le Chevaux
Post Date: 2010-09-12 16:20:06 by Horse
Keywords: None
Views: 150
Comments: 8

I get their attention by explaining to people that the real unemployment rate is 22% according to www.Shadowstats.com . 43,000 American factories have closed since 2001. For every factory worker there are ten or more other workers who were dependent on that factory being employed.

I tell them that we are close to the 1933 rate of 25%. I then say that we will have a much higher unemployment rate than in 1933 because farmers are never counted as unemployed no matter how poor and hungry they are.

We do have many more people employed by government but when the dollar collapses. The IMF told many foreign nations were told to fire half of their teachers, hospital workers and police. When, not if, the IMF tells us to make those cuts, our unemployment rate will hit 30% or more.

THEN I TELL THEM SOLUTIONS.

The Federal Reserve is a privately owned bank that has a license to create our currency. The FED pays the US Mint 3 1/2 cents to print a dollar, then they exchange those newly printed Federal Reserve Note dollars for US Treasury bonds. If the government printed Greenbacks or Treasury Notes as Lincoln and Kennedy wanted, we would have no government debt.

We have spent 13 trillion dollars on Bailouts due to Credit Default Swaps which are a hybrid between a derivative and insurance. If you buy fire insurance and have a fire, you can call the insurance company and get money from a fund they are required by law to set aside to pay claims.

But look at CDS. They are unregulated. When AIG sold CDS that went bad, there was no such fund required, we had to pass Bailouts to the tune of 13 trillion dollars. We have many off setting CDS so we the taxpayers are only liable for 600 trillion dollars in possible Bailouts.

No amount of budget cuts will pay for all those Bailouts and fraudulent Treasury loans.

All that is left is revolution. We need to take over the Federal Reserve, outlaw debt based currencies, cancel all Credit Default Swaps and regulate the stock market.

We might also consider ending all foreign wars that benefit Israel or some other nation but not the USA.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 8.

#1. To: Horse (#0)

Starting A Conversation On The Economy With The Average Person....

Is like trying to teach physics to a dog.

F.A. Hayek Fan  posted on  2010-09-12   16:39:42 ET  Reply   Untrace   Trace   Private Reply  


#2. To: F.A. Hayek Fan (#1)

i'm actually amazed lately at how many average folks that we speak to who are beginning to or who understand what's going on.

christine  posted on  2010-09-12   22:15:52 ET  Reply   Untrace   Trace   Private Reply  


#3. To: christine (#2)

i'm actually amazed lately at how many average folks that we speak to who are beginning to or who understand what's going on.

I bet the Global Elite regret crashing the market, if they maintained a superficial boom, everyone would still be fast asleep, what we would tell them would fall on deaf ears.

irishthatcherite  posted on  2010-09-12   22:30:32 ET  Reply   Untrace   Trace   Private Reply  


#7. To: irishthatcherite (#3)

at some point, it's out of their control, isn't it?

christine  posted on  2010-09-12   22:42:13 ET  Reply   Untrace   Trace   Private Reply  


#8. To: christine (#7) (Edited)

Yes, you are right, they couldn't contain the inevitable economic mess. Perhaps what I should have said is that they probably are retrospectively wishing they didn't attempt a different economic model where we would have a stable but superficial boom, with an attenuated economic cycle. The result: an apathetic population who would kid themselves into thinking they have it good.

irishthatcherite  posted on  2010-09-12   22:57:32 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 8.

        There are no replies to Comment # 8.


End Trace Mode for Comment # 8.

TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]