Topic: Re: Why Central Banks and DEBT-Based Fiat is ultimately doomed to fail. (Read 1998 times)

Currency War: 140 Years of Monetary History In Ten Minutes

http://www.zerohedge.com/news/2014-06-13/currency-war-140-years-monetary-history-ten-minutes



 And as for any Gold based currency schemes their doomed to fail too. Bankers and Governments will eventually
fall to temptation and end up printing more physical notes (dollars, etc.) than there is gold in the vaults.

 To date: By far the strongest Store of Value every created and devised is Bitcoin, and/or it's time proven successors
as this grand Decentralized Digital Monetary Revolution continues. And nothing nor anyone can ever hope to stop it.

 The smartest money? Yea, we already jumped on board. Next comes the rest of the smart money, then all the others
finally trail in behind.

 Should Bitcoin ever prove too flawed to ever be fixable then it's successors will surely end up triumphant. But odds are
increasing extremely good that Bitcoin is much more than merely up to the tasks at hand, and will also stand the test
of a great length of time, many decades or even centuries of time.

 Bankers and Governments, just like anyone else, cannot be trusted with currencies and real money. They will end up
counterfeiting the currencies and raiding the real money (gold and silver). As well as manipulating the currencies and
real monies value.

 Hence the real need of Digital Cryptocurrencies.


 The clown(s) in this tread that don't yet get this, and come here with no credibility through newbie accounts are
absolutely displaying no sense of rational behavor. Hence why bankers are always the dumbest of the dumb money.
Example: Even with unlimited abilities to print for near zero costs they still end up losing other peoples monies that
 are intrusted to them to invest prudently and wisely.

 The Fed and it's Member banks today are wholly Insolvent. Might want to look up that term just in case one doesn't
know exactly what that means. Hint: a negative net worth.


 Crawl back under your rock scumbags!


 Myself: I believe is real money (gold and silver), and also in Digital Cryptocurrencies, after a large amount of research
and extremely prudent due diligence.

 Get a grip Banksters! Your rein is ending fast. So fast it will oversweep and destroy all of your hopes, dreams and legacies.



WATCH this Video at:
Currency War: 140 Years of Monetary History In Ten Minutes
======================================
http://www.zerohedge.com/news/2014-06-13/currency-war-140-years-monetary-history-ten-minutes


Caveat emptor - let the buyer beware!

Oh Lord, another mind-blowing gibberish.
Try to make your facts straight before making statements.

i learned about all of this in school and collage.

i just mean that ppl should should try to understand the current system before they criticise it.

it just hurts when ppl get the basics plain wrong.


the majority isn't always right.
especially when false information gets spreaded around.

The wisdom of crowds phenomenon is very real. one of the great things the internet has done is to allow us to share unfiltered information and form opinions around something other than a carefully crafted media-government information stream. The wisdom of crowds completely destroyed the lipid hypothesis for instance when independent scientists had a medium to share information directly with the people. 

Except when you get it at school they leave out parts like,

Debt as money
The gold Standard
The creation of the FED
The Fed is Privately owned


See where I am going with this?

This is true as long as the grocery shop keeper/or any producer accepts the newly printed worthless paper. At some point they just do not 
Check every hyperinflation story. Last one was in Zimbabwe - guy buying a coffee, paying in cash!

Money has to stand on the principle that We the People, assume it will be there tomorrow. Once hyperinflation kicks in, producers (both tangible goods, and services!) will just use whatever else they believe can fulfill its function. Which probably going to be bitcoin and cryptos, exactly because it is not a debt based - non inflatable - currency, and also designed for the internet age (gold has a great disadvantage at the age of information!).

I agree, central banks can not go bust. But that is a CON, not a PRO! If one can not to go broke, he has absolutely no stake on the result of his actions, and that is exactly what is going on with the FED-Treasury poppet show. They just does not have to stand the trial-error mechanism of capitalist free market evolution process, and end up the same as dinosaurs did. They play a zero sum game, while the real economy wants to play win-win (everyone wants to improve his/their children's conditions with the passing of time, but zero sum means no new wealth generated, EVER).

all Bullshit. That's all just smoke and mirrors for the dumb masses.

FACT: Ron Paul has championed to have the Congress fully audit the Fed for a very long time,
AS YOU well know asdf1234 (Adolf wannabe).

 Only the most superficial internal scams called whatever have ever been done.
We don't know. You don't know. Nobody knows.
Well, yea, we all know. The Fed is a complete
and total FAILURE. Failed at all it's duties.
Failed on all counts. Unless it was it's sole
mission to make the Fed owners rule
everyone and everything.
And even there your about
to utterly fail too.

Your talking out of both sides of your crooked, criminal bankster crack.
You know nothing. You don't have a clue > asdf1234.  
.

 Your cheerleading for the criminal cartel Fed, whom has committed the worst crimes in all history.
 Yea, YOU...asdf1234? Your cheerleading for them.


 Does this punk that doesn't even know what the FOMC stands for and what it does?
Does this punk think their telling the truth? or that the mainstream media owned by the banksters
is telling the truth? Or the Jewish controlled educational system in the United States of Israel is
teaching the real truth and facts to college students? No, NO, and NO!!! They all still peddle the lie
that the Fed is 'an independent branch of the USA Government'. Bullshit. It's a PRIVATE Corporation
owned by it's Member Banks, chiefly by the largest USA based banks.

 Does this punk with a newbie account named asdf1234 think he has any credibility at all here? No,
but he does have delusions of grandeur. OR is so clueless as to not realize that the truth is not always
being told by official and mainstream channels.

 Why not let Congress whose JOB it is...to review all things monetary review things at the Fed?
(The Federal Reserve Board Incorporated)?

Could it be it's because you are a private, criminal banking cartel? Is that why you refuse congressional audits?
 YES, yes it is. Because you don't have to. >Your a private corporation. YES.
Even federal judges ruled your a private corporation.
But still CNBC and many others lie and still teach that the Fed is part of the government. BULLSHIT. Why the lies??


 All the Fed controlled media whores lie and keep lying about: the Fed being = "an independent agency of the government"
But that is just pure rubbish, fiction, complete propaganda.

 The Fed bought and paid for so the media would lie, lie, lie. YES. Yes, yes. Now we're getting some where.


All these newbie accounts,
one after the other.
newbie account
newbie account
newbie account
So transparent.
So lame.
Much chump.
More Failure.
No credibility.

When it is controlled by people who stand to benefit from manipulation you have a real issue. Bit coin is one very elegant solution to this problem. 

inflation eventually makes fiat worthless

I think the current status of the FED is unique in major central banks.

They are public entities all over the world, even the bank of England.

Bit coin gives us the ability to opt out of this system. I plan to take that chance.

 conspiracy?

 What  conspiracy?

 There is no conspiracy!
 
 There is debt based bondage (financial slavery) of peoples. All the Peoples of this World due to debt-based currencies that only central banks and their member banks to enrich themselves at everyone else's expense.

 It's the most diabolically evil scam ever! But that's not a "conspiracy"

 Everyone from Ron Paul to even Steve Forbes admits that in the video I posted above.


 You wantabe bankster sons and daughters...so sorry, but you will no inherent this earth and be the same lords as your fathers and mothers.

 As for the other lame shills here crying and whining. So sorry. NOT.

This is also a good video about this subject:

https://www.youtube.com/watch?v=tGk5ioEXlIM

I also think the centralized banks owned privatly should stop.
Because they are indeed enslaving the people that live in the world.
But at the same time the people in the goverments, that are allowing this nonsense should be punished to.

They must be gettin some kind of payment to keep it like this, or they could be scared of the consequences if they want to change anything about this.
I mean how as a political person that is supposed to help everyone in the country, is only making it worse for most people?
And he or her is making much more money then the average Joe that is working 10x harder and also has a more boring and heavier job.

It's time to kill the banks!

Hes probably in high school.  Just look at the language he uses

you shoudnt get all your education about economics from blogs and youtube videos.

 
A Must See:

a great video to share to all:

The Biggest Scam In The History Of Mankind
--------------------------------------------------
https://www.youtube.com/watch?v=iFDe5kUUyT0


 Anyone that dares to debunk this is lying.

 Governments (people) can be free.

 The governments are the ones with standing armies, not banks.

 Our world wont collapse if we put the banking criminals in prison.

 We simply do what we always did before:
 Put their banking corporations into receivership,
cleanup their messes whatever it takes, as usual,
and when possible sell those assets for their fair market value to strong hands.
 Until then it is all held in receivership,
and the employees will stay on - business as usual.

 They lied, and our government's soul's all died.

 They sold everyone fear, fear, fear.
fear this, fear that, fear fear fear...

 Our governments and people deserve to be free.
Freedom contains risks. Without risks there is no freedoms.

 Capitalism doesn't reward failure.

 Real Capitalism has risks.

 Real Capitalism is Freedom.

 Bitcoin too is Real Freedom.


 Central Banks are the real enemy.


Step 1. End The Fed.

Step 2. Outlaw debt-based money.

Step 3. whatever...we desire.

The Biggest Scam In The History Of Mankind
https://www.youtube.com/watch?v=iFDe5kUUyT0

END THE FEDZ!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 

Yes, the Board of Governors, the 12 Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review:

The Government Accountability Office (GAO) conducts numerous reviews of Federal Reserve activities.
The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the Office of Inspector General (OIG).
The Board's OIG audits and investigates Board programs and operations as well as those Board functions delegated to the Reserve Banks. Completed and active GAO reviews and completed OIG audits, reviews, and assessments are listed in the Board's Annual Report. (Before 2002, the reviews were listed in the Board's Annual Report: Budget Review.)
The financial statements of the Reserve Banks are also audited annually by an independent outside auditor.

Each week, the Federal Reserve publishes its balance sheet and charts of recent balance sheet trends, as well as provides an interactive guide to the Fed's balance sheet. The balance sheet is included in the Federal Reserve's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks."
In addition, the Reserve Banks are subject to annual examination by the Board. The Board's financial statements and the combined financial statements for the Reserve Banks are published in the Board's Annual Report.

... The FED cannot and has never been audited..

Prove me wrong.

Instead of printing more money when needed, central banks should return to using gold or bitcoin to back their currencies.

Gmuer contacted CNBC in response to comments by ING senior economist Teunis Brosens, who said central banks are technically unable to go bust.

“If the central bank needs money, it just turns on the printing press to buy whatever it needs,” Brosens told CNBC. “When the [U.S. Federal Reserve] wanted to buy assets as part of its [quantitative easing] programs, it did not first have to borrow the funds to do so, as an ordinary individual or company would need to.”