Bitcoin Forum
September 22, 2019, 11:16:30 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Re: Why Central Banks and DEBT-Based Fiat is ultimately doomed to fail.  (Read 1922 times)
Slingshot
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
June 04, 2014, 04:38:22 PM
Last edit: September 02, 2014, 01:27:28 PM by Slingshot
 #1

Re: Why Central Banks and Debt-Based Fiat is ultimately doomed to fail.


 We are all currently forced to borrow from the FED all our Fed dollars, our very legal tender, all of it, we borrow it from the Fed. We pay debt-interest payments on every dollar in existence into perpetuity (forever) for each and every dollar ever in existence. The entire world is paying for these dollars every passing day. It's simply unsustainable.

 And it is absolutely mathematically impossible to ever pay off the principle debt to The Fed.


 Currently this costs nearly half a trillion dollars this year alone just for our "legal tender" dollars. And it's always rapidly rising in costs.
====================================================================================


 Just for our currency. Just to borrow it from Banksters at the fed. Just for merely the "interest" on these dollars. Think about that if one still doesn't understand how we are all enslaved. We can never pay off this debt. Not ever.

 We will be forever enslaved by this debt until - We The People Just say NO.


 *Eventually all debt-based fiat must mathematically end being worth zero through either being inflated away, or by out right debt default.


 END The FED.

 End all Debt-based fiat currency schemes.
           ------

And:

 No more Bailouts for Failure.

 No more Rewarding Failure.

 No more Bailouts for Losers.


 No more Bonuses for Failure.

 No more Bonuses for Losers.


 Punish all the criminals.



 Real Capitalism Never Rewards Failure.
=========================


Notes:

 The FED = The Federal Reserve System Incorporated (or Fed) - A wholly private corporation owned by it's Member Banks and nothing else. And it's NOT part of our government what so ever, the media lies. And it's certainly NOT an independent agency of our government, the media lies. The FED answers to no one, it's completely autonomous.

 But Congress can END THE FED, and end this madness.

This diabolical evil financially enslaving all of us can be stopped, By CONGRESS.
The Fed can be forced to stop stealing most of our wealth and savings.


 But they want to misdirect all of us, and instead force us all to think about other things. All while they attack those willing to die to stop them from enslaving this world any more. Their going to keep Congress and the rest of government in their back pockets until the public demands otherwise.

 Why Central Banks and Debt-Based Fiat is ultimately doomed to fail? Because the power is in the hands of the People, and soon the People will finally realize that again.

End The Fed.


 Why Bitcoin? The reader just read why Bitcoin.


Bitcoin is pure genius, it cannot be stopped, is sustainable, and is mathematically and scientifically sound.

Bitcoin offers us all Monetary Freedom from the above.

Bitcoin is 100% legal.

Bitcoin is Real Capitalism.


 The power always has rested in the hands of We The People. It's no coincidence those are the first three words of our US Constitution.

 All banksters are cowards. Every last one of them are cowards. And most of all the banksters are all cowardly criminals. They all hide behind the scenes and force others to do their bidding, even fight their battles and wars for them. All while one lie after another is cast unto their financial slaves - We The People and our Governments of The People, and By the People, For The People. Banksters think they can merely forever buy our government and hijack our countries. They can't. They wont. The Fed is nearly dead.

 There is nothing to fear. Certainly not cowardly banksters. They make us think there is something to fear. There is nothing to fear.

  And besides, cowards die a thousand deaths. Being a coward is not manly. Man Up Congress. After all; the fed is nearly dead.


Smiley
1569194190
Hero Member
*
Offline Offline

Posts: 1569194190

View Profile Personal Message (Offline)

Ignore
1569194190
Reply with quote  #2

1569194190
Report to moderator
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1569194190
Hero Member
*
Offline Offline

Posts: 1569194190

View Profile Personal Message (Offline)

Ignore
1569194190
Reply with quote  #2

1569194190
Report to moderator
asdf1234
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 04, 2014, 05:56:19 PM
 #2

Re: Why Central Banks and Debt-Based Fiat is ultimately doomed to fail.


 We are all currently forced to borrow from the FED all our Fed dollars, our very legal tender, all of it, we borrow it from the Fed. We pay debt-interest payments on every dollar in existence into perpetuity (forever) for each and every dollar ever in existence. The entire world is paying for these dollars every passing day. It's simply unsustainable.

 And it is absolutely mathematically impossible to ever pay off the principle debt to The Fed.


 Currently this costs nearly half a trillion dollars this year alone just for our "legal tender" dollars. And it's always rapidly rising in costs.
====================================================================================

the profit wich the central banks gain from lending out money (called seigniorage) usually goes to the government treasury.

its a zero-sum game
spazzdla
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000


View Profile
June 04, 2014, 07:00:55 PM
 #3

Re: Why Central Banks and Debt-Based Fiat is ultimately doomed to fail.


 We are all currently forced to borrow from the FED all our Fed dollars, our very legal tender, all of it, we borrow it from the Fed. We pay debt-interest payments on every dollar in existence into perpetuity (forever) for each and every dollar ever in existence. The entire world is paying for these dollars every passing day. It's simply unsustainable.

 And it is absolutely mathematically impossible to ever pay off the principle debt to The Fed.


 Currently this costs nearly half a trillion dollars this year alone just for our "legal tender" dollars. And it's always rapidly rising in costs.
====================================================================================

the profit wich the central banks gain from lending out money (called seigniorage) usually goes to the government treasury.

its a zero-sum game


You believe that.. an organzation that can not be audited.. you really believe that?
asdf1234
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 04, 2014, 07:57:23 PM
 #4

Re: Why Central Banks and Debt-Based Fiat is ultimately doomed to fail.


 We are all currently forced to borrow from the FED all our Fed dollars, our very legal tender, all of it, we borrow it from the Fed. We pay debt-interest payments on every dollar in existence into perpetuity (forever) for each and every dollar ever in existence. The entire world is paying for these dollars every passing day. It's simply unsustainable.

 And it is absolutely mathematically impossible to ever pay off the principle debt to The Fed.


 Currently this costs nearly half a trillion dollars this year alone just for our "legal tender" dollars. And it's always rapidly rising in costs.
====================================================================================

the profit wich the central banks gain from lending out money (called seigniorage) usually goes to the government treasury.

its a zero-sum game


You believe that.. an organzation that can not be audited.. you really believe that?

not everything is a conspiracy

at least the ecb is pretty transparent
Skele
Full Member
***
Offline Offline

Activity: 224
Merit: 100

VocalPlatform.com


View Profile
June 04, 2014, 08:06:18 PM
 #5

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.”
spazzdla
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000


View Profile
June 04, 2014, 08:10:54 PM
 #6

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

Prove me wrong.
asdf1234
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 04, 2014, 09:10:57 PM
 #7

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.


ReRunRod
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
June 04, 2014, 09:11:26 PM
 #8

END THE FEDZ!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!  Grin Grin Grin Grin Grin
Slingshot
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
June 04, 2014, 09:46:59 PM
 #9

 
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
asdf1234
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
June 04, 2014, 09:54:30 PM
 #10

you shoudnt get all your education about economics from blogs and youtube videos.
twiifm
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
June 04, 2014, 10:29:41 PM
 #11

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


Hes probably in high school.  Just look at the language he uses
nickenburg
Sr. Member
****
Offline Offline

Activity: 350
Merit: 501


View Profile
June 04, 2014, 10:37:53 PM
 #12

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!
Slingshot
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
June 05, 2014, 04:02:35 AM
 #13

Re: Why Central Banks and Debt-Based Fiat is ultimately doomed to fail.


 We are all currently forced to borrow from the FED all our Fed dollars, our very legal tender, all of it, we borrow it from the Fed. We pay debt-interest payments on every dollar in existence into perpetuity (forever) for each and every dollar ever in existence. The entire world is paying for these dollars every passing day. It's simply unsustainable.

 And it is absolutely mathematically impossible to ever pay off the principle debt to The Fed.


 Currently this costs nearly half a trillion dollars this year alone just for our "legal tender" dollars. And it's always rapidly rising in costs.
====================================================================================

the profit wich the central banks gain from lending out money (called seigniorage) usually goes to the government treasury.

its a zero-sum game


You believe that.. an organzation that can not be audited.. you really believe that?

not everything is a conspiracy

at least the ecb is pretty transparent

 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.
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
June 05, 2014, 04:10:31 AM
 #14

Re: Why Central Banks and Debt-Based Fiat is ultimately doomed to fail.


 We are all currently forced to borrow from the FED all our Fed dollars, our very legal tender, all of it, we borrow it from the Fed. We pay debt-interest payments on every dollar in existence into perpetuity (forever) for each and every dollar ever in existence. The entire world is paying for these dollars every passing day. It's simply unsustainable.

 And it is absolutely mathematically impossible to ever pay off the principle debt to The Fed.


 Currently this costs nearly half a trillion dollars this year alone just for our "legal tender" dollars. And it's always rapidly rising in costs.
====================================================================================

the profit wich the central banks gain from lending out money (called seigniorage) usually goes to the government treasury.

its a zero-sum game


You believe that.. an organzation that can not be audited.. you really believe that?

not everything is a conspiracy

at least the ecb is pretty transparent

 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.

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

Trading
Legendary
*
Offline Offline

Activity: 1439
Merit: 1018


Nothing like healthy scepticism and hard evidence


View Profile
June 05, 2014, 04:52:32 AM
 #15

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.

My main posts and a few more are reposted here: https://oneskeptic.tumblr.com
waldox
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile WWW
June 05, 2014, 05:35:19 AM
 #16

inflation eventually makes fiat worthless

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
   * Dental Hygiene Cleaning in Toronto & Mississauga accepts Bitcoin  * Downtown Toronto Real Estate Realtor Blog & News * Toronto House Evaluation * Toronto Dental Cleaning Hygiene Centre
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
June 05, 2014, 05:49:39 AM
 #17

inflation eventually makes fiat worthless

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. 

Slingshot
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
June 05, 2014, 05:58:54 AM
Last edit: June 18, 2014, 05:35:08 PM by Slingshot
 #18

"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 ..."... all Bullshit

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.

AZwarel
Sr. Member
****
Offline Offline

Activity: 401
Merit: 280


View Profile
June 06, 2014, 02:25:05 PM
 #19

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.”

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  Wink
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).




spazzdla
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000


View Profile
June 06, 2014, 03:29:23 PM
 #20

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


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?
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!