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Anonymous's avatar

So long as federal politicians have access and ability to create unlimited credit, it just doesn't matter what party rules. The result will be the same.

Liberty, and its accompanying general welfare, is incompatible with politicians having the ability to create credit, which passes nearly exactly the same as money.

No way would the constitution have been ratified where federal politicians could create unlimited credit/money. The Founders were well acquainted with the practice of government emitting irredeemable paper money, and they righteously rejected it. Alas, we find ourselves back with the same system they roundly rejected.

This monetary system won't be reformed at the federal level. States have been neutered after the 17th Amendment. However, the current system will persist until a force greater than it acts in opposition. That force can only be states acting in concert to re-establish gold and silver as money....as defined in the Constitution.

All the states truly need to accomplish is end the practice of taxing gold and silver. Let the market determine what people use to transact and store wealth.

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Thomas Madden's avatar

All true. I honestly believe that a complete Dollar Collapse will be more detrimental to the US than a limited nuclear exchange. In a Hyperinflationary Dollar Collapse scenario, I believe that if the US dollar becomes worthless by 7 a.m. one busy weekday morning, grocery stores will be empty, burning shells with some bodies in them by 10 a.m. and civilization will be gone by 3 in the afternoon. That is not wild conjecture, minds much wiser than I have written books about this stuff, it could happen very, very quickly in a heavily armed nation like this one.

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Robert's avatar

I'm currently reading Shut Down by W.R. Flynn. It isn't Tolstoy or Hemingway but it gives the uninitiated an idea as to how things will play out. I'm reading it because I'm trying to find books that break down what a banking crisis and a dollar collapse would look like. In Shut Down, it all plays out exactly as you wrote - bodies by 10 a.m. and empty store shelves by 3pm.

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Thomas Madden's avatar

I read it years ago. To me, it did not read like fiction. I am a suburban dad with a wife and kids, when my kids were younger if that happened my wife would have told me to get out of the house and not come back until I had food for the family, and that she didn't want to hear about the details. Imagine moms and dads all over America panicking when their dollars and debit cards were rejected and their kids were hungry. . .in unarmed countries that usually results in bread lines, but something very different would play out here, very quickly.

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Miriamnae's avatar

My dad warned me I would see it…quietly studying hunched over Trilateral Commission, Bilderberg, UN, prophets of old and dates of today…

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Ward Dorrity's avatar

Just wait until the EBT cards zero out.

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Alzaebo's avatar

Wait til 20 million illegals find only *their* EBT cards suddenly cut off, and their free rent canceled. If Trump wins, the Democrats can set off a two-legged, biological nuclear bomb in this country.

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JohnAZ's avatar

Interesting idea, if welfare was cut off tomorrow, the shakeout would drive out many of our problems, and fast. 7.5 million males between 18 and 40 would have to find a job, any job to survive. Men and women would have to work together in marriages to succeed economically instead of just running away. Illegals would be heading elsewhere if their free lunch was discontinued. The ones here would be on their way home.

Welfare by the Left and their buying votes is the thing that is dragging the country down.

Are you listening to what is going on in the world right now? BRICS+ conference going on in Russia, not with a bunch of firebrands, but a group of very purposeful people determined to tear down the West. They have the power and the knowledge to do exactly that.

IMHO, their plans for the USA is to use the discord here and the illegal immigration to first segregate areas of the USA ethnically, then divide it up politically turning it into three or four smaller countries. With our government only concerned about itself, it is playing directly into their hands.

BTW, for all the folks here who have answered that BRICS+ is no problem , it is only economic, may I present to you NOKO troops in Ukraine. There was a Congressman today that stated that if NOKO goes into Ukraine, the USA needs to inject”boots on the ground”.

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Tommy L Hoffman's avatar

Plan A.

Stay alert.

Be at the store before credit cards and checks are refused. Already have non perishable foods on hand

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Fred Richmond's avatar

I have no trouble believing this and that it is very likely to happen.

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William Voelz's avatar

Good points Thomas. Add to "heavily armed nation", 30m invaders and growing daily to the chaos. If even a mere 10,000 of them have evil intent combined with the resources to assault the nation, this former republic will be brought to its knees and will thus be forced to fight from a severely crippled position.10% of shipping containers are inspected at our ports. I was on the freeways(I-75 corridor) these past 4 days and wondered what exactly was inside the many MAERSK and EVERGREEN containers I passed, and where they were headed to unload or if dead-heading for more, where their loads were now staged deep inside this borderless nation. Waiting. And that's just ONE vector of assault playing out.

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Tommy L Hoffman's avatar

I am way more afraid of drones and AI autonomous robots.

The elite have never been in a stronger position.

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The Real Mary Rose's avatar

To disable 99.9% of computerized stuff: Unplug.

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Tommy L Hoffman's avatar

I think you missed the whole point.

Not things I have purchased in my house. Things sent to harm or terrorize.

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The Real Mary Rose's avatar

All those things run on electricity, or batteries... all the scary things.

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Kathy Christian's avatar

Yes, I wonder that, too, when I see them on the highway. And only 10 percent of cargo containers are inspected. Where's Pete on this? Oh, I know, he's at an infrastructure project somewhere building an overpass so animals don't end up as road kill. Meanwhile, I saw a photo of an opened container holding a bunch of kids.

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Renee Marie's avatar

Of course! I saw it happen with CONvid! The shelves were empty in 2 days. It’s then that I purchased a freezer, and added to preps I already had. Be prepared!

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Deana's avatar

You have to explain the reason for your scenario otherwise it IS wild conjecture.

What is the event would infect the world and the entire United States within a few hours that would collapse the currency?

It's important to remain fact-based about the financial markets now and how they interact otherwise ignorance will make you fearful and creating bad fiction.

The Euro goes before the dollar.

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JohnAZ's avatar

Financial markets are “paper”. They can be destroyed in a week. Paper fiat money is only as good as the faith of the “Users” . Lose the faith, 1929, and the markets collapse. Think about right now, is the “faith” of the people based more on good monetary situations or on apathy, denial and just stupidity?

If the “faith” disappears, think about what would it be like that every monetary transaction you do a day, disappeared. Every purchase you make today would be unavailable. There would be no stores. No transportation of goods from the coasts. The cities would erupt as there would not be any goods trucked in. City folks would be out in the rural areas, ready to kill to get sustenance.

I have recommended before, “Lucifer’s Hammer”, the story of the after world reeling from a comet strike. Elimination of the money would be equivalent.

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The Crimson Ghost's avatar

A lot of folks don't realize that the "money" they think they have in financial institutions isn't physically there ... it's just pixels on a screen and the actual money has all been loaned out. Try making any substantial cash withdrawal at your local bank, say 20k or more. Now imagine over half of depositors clamoring to pull out their cash. Bank runs and pandemonium would ensue.

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GAVEMartin's avatar

Alert! I wrote a check for cash a few months ago. The bank said that over a certain amount they are required to ask what I intend to use it for. The teller was embarrassed and provided me with a "potential use." I guess we have moved from "friendly banker" to "nosey banker."

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The Crimson Ghost's avatar

They did that to me a few yrs ago when I pulled out 20k just to keep at home ... and I had to go to 2 different branches as neither had the 20k on hand. I told them it was "for a trip to Vegas to do hookers and blow"

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GAVEMartin's avatar

lol Good One!

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Sedgwick C. Hartung's avatar

+1 I like your style!

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Kathy Christian's avatar

That was installed a long time ago in the war on drugs. They have to insure that you're not withdrawing money to buy coke. Allowing fentanyl into the country via the southern border is altogether different, however.

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GAVEMartin's avatar

Typically the distributors are pursued, not the end users. Unless, perhaps I was being followed out of the bank...how boring for "them."

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GAVEMartin's avatar

I know about that limit. It was $10k in cash being Deposited into a bank. This check was not near $10k and I don't think they were inquiring as to whether I was off to buy drugs with cash coming Out of my account. (Are there really people that stupid that would tell a bank they are off to buy drugs? We might as well give up then!)

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Alzaebo's avatar

It's now much lower. $2000 was the 'recommended' limit about 10 years ago, but nervous banks, to cover their behinds, report just about everybody.

Please be careful. I had a friend years ago who bought and sold boats and trucks in cash; some crumb he nodded to at a party, hoping to avoid a probate violation, snitched to the cops that 'this guy over here' had loads of cash, and the next week he had DEA smashing the sheetrock with sledgehammers in his house, looking for loot. (They took all the boats and trucks, too.) Went to prison for four years because the DA, looking right at him, swept his account books and floppys into the trashcan and said, "there's your f***ing evidence," despite his secretary and CPA's affadavits. Asset confiscation has become the #1 source of funding for cash-strapped budgets, since blacks and probationers don't pay the endless fines, warrants, and fees the local judges lay on them.

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Oct 21
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Alzaebo's avatar

Jacinda, your adrenochrome dealer is calling.

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GAVEMartin's avatar

You might want to think a bit more deeply about that one. Maybe a trip to Cuba might be enlightening. Or perhaps a study on current events regarding Wells Fargo.

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The Crimson Ghost's avatar

I will add that there is still a "zero reserve" policy in place across the US banking system ... i.e. they don't need any reserves to cover all the outstanding loans they've made. Let that sink in.

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The Crimson Ghost's avatar

AND another thing - "bail ins" are coming with the next banking crisis. What this means is instead of bailouts, where the govt steps in to provide emergency funding, the banks can now take the money they need from depositors. And you'll also be paying your bank to hold your money. And it's all legal, courtesy of our loving, caring banksters and government cronies.

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JohnAZ's avatar

Ghost

I will give you something else to lose sleep over. The bullion banks, globally, where gold is bought and sold by large entities like countries, has allowed payment with US Treasuries. There is little accounting for how much of the world’s gold is actually paper. Credit has rotted even the bulwark of wealth.

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The Crimson Ghost's avatar

My motto is "if you don't hold it, you don't own it". Glad I've built a modest little stack of bullion the past few years. Central banks around the world are loading up on gold. Wonder how much the U.S. has stored, and when the last time it was audited (??)

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JohnAZ's avatar

Central banks loading up in gold? or US Treasuries? It will probably never be audited, the real story would collapse things.

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IAN2364's avatar

"Financial markets are “paper”. They can be destroyed in a week. Paper fiat money is only as good as the faith of the “Users” . Lose the faith, 1929, and the markets collapse."

I believe the following to be the correct assessment:

The US$ is already significantly devalued, but it doesn't presently reflect its value because of money inflow due to big money getting out of worse situations..

If you want to get out of the US$, the first step is to get out of US Bonds. If the US Bond market is 10 times the value of the US stock markets, where do you expect the bond money to flow?

I believe that the US Bond money will (continue to) flow into the US stock markets (view a 10 year chart of the MERVAL for ridiculous). Then view the "all" time frame of the Venezuela Stock Market (IBVC) for an example of a no bid situation.

This is your free market capitalism, where guys like Soros know a good opportunity when they see it.

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Oct 21
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Alzaebo's avatar

I am the most deeply religious atheist you will ever meet, for the best of reasons.

John speaks a different dialect, is all, one which you do not understand.

All one needs do is translate.

Leave this one be. He has spent his life in the highest service, and is thus made holy.

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Ward Dorrity's avatar

Financial markets are merely ones and zeroes, gone in a heartbeat.

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IAN2364's avatar

"I honestly believe that a complete Dollar Collapse will be more detrimental to the US than a limited nuclear exchange." ~ Thomas Madden

So if that is a problem that the US is confronted with, would you embrace a solution?

People’s Money: Harnessing Digitalization to Finance a Sustainable Future

https://unsdg.un.org/resources/peoples-money-harnessing-digitalization-finance-sustainable-future

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Jay Skywatcher's avatar

All it will take to bring everything down is an EMP or maybe a few. They can say it was Russia, China, or Iran to cover their ass but it will be like kicking an ant pile.

All highways will be blocked with new stalled "bells and whistles heavy" vehicles. Trucks can't get through, IF They could run. Empty grocery stores. Dead water systems. Thawing refrigerators and freezers. Armed gangs going house to house on foot pillaging and raping at will.

Travelers on their own with a bag of chips and a bottle of water.

Cannibalism soon to follow.

FEMA has already proven they are worthless.

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Yirgach's avatar

1 Second After by William R. Forstchen is a good description of what would happen to the USA after an EMP incident. The first to go are those on meds, like Diabetics.. Then those with weak immune systems. Then a starvation diet for a year or so for any of the lucky survivors.

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Kathy Christian's avatar

Yes, the Deagle Report predicted that in 2025 the US population will be down to 100 million, and when I read that, the first thing I thought of was that we'll get into a conflict with China and the prescription drugs that are made there, that our elected representatives refuse to have manufactured here, will be cut off.

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William Voelz's avatar

Kathy. A non-shooting conflict with China already is in full swing. 1,000 Points of Light, etc. The Chinese steel everything we have with both hands now. No need for open warfare with the CCP. That they will leave to the invading hordes coming into our borderless nation. They are trained and will kill. Waiting. The Chinese will make an appearance but only after Islam and their Middle East brothers have made toast of our neighborhoods. Arm up. Prep.

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Miriamnae's avatar

The roundabouts built on every country road in my state…? Checkpoint Charlies from eastern bloc USSR days soon…

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Kathy Christian's avatar

FEMA responds to the gay and colored blocs in any given area, everyone else can just go and die, as far as they're concerned.

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Kathy Christian's avatar

"law enforcement" will be gathered at the state capitol guarding our elected representatives until they get to their bunkers. Citizens will be shot trying to defend themselves and their property, antifa and blm rioters will not.

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JohnAZ's avatar

Watch Cuba, as we speak. They can’t get their grid up and are about to say hello to a hurricane. Remember Haiti? We are always one week from catastrophe here.

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John Smith's avatar

They can’t get their grid up - JAZ

============

"Grid" is a Cuban word which in English means "penis."

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Ron Anselmo's avatar

Yes Q - we're airdropping in cases of Cialis and Viagra. Hopefully it'll work longer and better than the $320 million-dollar floating dock the "Biden" regime installed on the beach in Gaza - about a month or two if I recall correctly. Another fantastic failure, for which they've become famous.

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John Smith's avatar

I am the entity formerly known as Q. Shtik back before the CFN site became defunct. I have been known for correcting commenters' grammar, spelling, and usage and for my chronicles about my brother-in-law, Peter.

As you can see, I have adopted a new handle for use here on Substack. It is John Smith, a name I believe was at one time the most common name in the USA. Now, where I live in central NJ, every other person's last name is Patel.

Lately I've had all kinds of electronics problems with my RAM 1500 truck (it is being worked on at the dealership as we speak) as well as health issues. It has been determined that I have Afib which is an irregular heart beat. If not corrected it can lead to blood clots which can go to the brain and cause a stroke.

Very soon (within a few weeks) I will undergo a procedure where they give a quick shock to the heart in hopes that it will put my heartbeats back in sync. Dr. Shah (dot Indian of course) says there is little for me to be concerned about since of all the many times he has executed this procedure he has never "lost" anyone however he implied results could vary. It was not clear to me why the shock would put my heartbeats IN sync rather than putting them farther OUT of sync. I have to assume that as experts they know what they're doing.

This has me concerned about "waking up dead" as the expression goes. I REALLY hate the notion of ceasing to exist for all eternity (note: I believe as Jose Mujica believes that "There is only one life and it ends")

Before the procedure I will leave a note for Bo (my wife) that trash pickup is on Mondays and recyclables on Tuesdays.

I have been looking forward to my 84th birthday a month from now, specifically Nov. 21st, and wouldn't want the shock treatment to upset the apple cart. If you don't see any posts from John Smith for an extended period you can probably assume the worst.

Regards,

John "Q. Shtik" Smith

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John Smith's avatar

Very soon (within a few weeks) I will undergo a procedure - John Smith (aka Q.)

============

The procedure is known as TEE but I don't know what those letters mean. I am now scheduled for a week from today, Oct 31st. Talk about coinkydinks, my Maternal grandfather was born on Oct 31st, 1883. His daughter, my mother, died on Oct 31st, 1995. Does this have any deeper meaning? I wonder. Probably not. That's why its called a coinkydink.

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MrMangoOnMyShoulder's avatar

Q - Best of luck, sir. It will likely be all good, as your doc says. Just in case it goes sideways, please make sure you leave Bo a list of your accounts/logins/pws for all financials, etc. When we lost my dad after carotid surgery with complications last winter, that was one of the best gifts we found from him hidden in his hospital belongings. He knew it was possible.

That said, he got the short end of the stick on his turn at the wheel. I think you will prevail with all of your shtick intact. Onward, Q. You're not done here yet.

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JohnAZ's avatar

John

No sweat. The procedure times the shock so that the “clock” takes over again. They will probably give you a relaxing dose of a sedative, not knock you out. You will feel so much better with things in sync, Afib causes a 20% reduction in blood flow, so you will be getting that back. Read Yirgach below for a further therapy in electro cardio version does not work.

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John Smith's avatar

They will probably give you a relaxing dose of a sedative, not knock you out. - JAZ

=============

Actually, the Doc says I will be put totally under and they will feed something down my throat (wind pipe, esophagus, not sure which) and then they zap me.

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JohnAZ's avatar

Breathing tube probably.

It is always the MDs call, I have seen it done with conscious sedation.

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Yirgach's avatar

John

Don't worry, I had an aortic valve replacement and a week later had afib. Not pleasant when you're not even running a marathon.

The electrophysiologist did an ablation on the heart, essentially spot welding a circuit break using a catheter thru the groin. It stopped immediately. I was conscious during the whole procedure.. Dartmouth Medical is the best!

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John Smith's avatar

I am watching the CNBC business show at the moment. They have a very pretty woman named Brooke May on the show. She is what is known as a "contributor." Looking at her I am reminded of the expression "Big Tits Matter."

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Lugh's avatar

You said you didn't care about big tits anymore. Where you just having a bad period? Sounds like you're back! You're only as young as you feel. Good luck.

Just read that the writer, Charles Lamb, kept a full head of hair, not gray or white, until very old age, just like Peter.

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John Smith's avatar

You said you didn't care about big tits anymore. Where you just having a bad period? - Lugh

===========

I never said any such thing. And I have never had a period nor hot flashes.

BTW, Where s/b Were. Amazing that you don't notice these things.

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John Smith's avatar

Charles M. Blow, NYT Op-Ed columnist, gave me a yooge laugh as he complained about Trump's vulgarity with this line:

"Last week at a rally, he said, "We can't stand you, you're a shit vice president," shortly after sharing an admiring anecdote about the size of the late golfer Arnold Palmer's penis. "

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Moistened Bint's avatar

LOL!

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IAN2364's avatar

What solution do you propose?

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Corky Bobbin's avatar

This is more of a mini-essay full of wisdom than a comment. Thank you.

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The Crimson Ghost's avatar

100% .... and abolishing central banks won't come without bloodshed. Lots of bloodshed, as they are backed by the MIC (military industrial complex) around the globe.

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IAN2364's avatar

"This monetary system won't be reformed at the federal level. States have been neutered after the 17th Amendment. However, the current system will persist until a force greater than it acts in opposition. That force can only be states acting in concert to re-establish gold and silver as money....as defined in the Constitution." ~ Anonymous

If there were a solution, would you acknowledge, engage, and embrace it?

Your basic contention is that the system has failed and is broken. Will "end(ing) the practice of taxing gold and silver" solve all the problems?

Is there a better or more advanced proposal for a new format for life than the 2030 Agenda?

TRANSFORMING OUR WORLD: THE 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT

https://sdgs.un.org/sites/default/files/publications/21252030%20Agenda%20for%20Sustainable%20Development%20web.pdf

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JohnAZ's avatar

THe solution, IMHO, is to start decreasing spending by the government and allow the economy to run itself. Slow decreases, over 70 or so years. It took that long to run up the bill, it will take that long to fix it. Slow decreases and an agreed to tax profile that will also decrease with time.

Is that possible with the power mongers in the Deep State?

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IAN2364's avatar

I am in the camp that contends that the debt will never be repaid, so a devaluation will be the stand-by option (even you acknowledge that "government" will be needed to deal with the situation).

You also point out that a "loss of faith" situation will be devastating, but your solution fails to consider the impact of individuals like Soros, and bully countries like USA.

Once you start to gain an understanding of the current situation, and grasp the details of the 2030 Agenda, you will start to understand the method to the madness.

So, once again, is there a better or more advanced proposal for a new format for life than the 2030 Agenda?

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JohnAZ's avatar

My objection to the 2030 Agenda is that it is impossible, period. It is a bunch of blathering by Global idiots trying to justify BS mission statements that have no chance of doing anything. You might as well pull out a copy of Das Kapital, the Bible of pure communism, and read how the rising of the proletariat is going to create a Utopia on earth. Only one problem, a big one, human nature and the evil side of humanity. Stop globalism, let every country do what is in its best interests. Here? America First.

Whatever that means any more.

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IAN2364's avatar

If Xi has his way, he may impose his version of the 2030 Agenda on the world.

Why not review the 2030 Agenda assessments, and glean some solutions from their proposals? How does one fix something if they are unable to comprehend that which is broken?

Do you think we would be where we are today if "Joe Biden" had stepped up on the stump and had an open discussion about his administrations implementation of the 2030 Agenda?

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