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cem
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The National Debt Cannot Be Paid Off

- Keith Weiner - Monetary Metals

I understand. The problem is ... the folks in the congress are put there by the very folks I mentioned. After all, they have deprieved the printed money from it's basis; gold. They hold the gold and they print the worthless pieces of paper called dollar. In theory US Congress charter grant can be removed, and banks of the ruling families can be nationalized. But this can only be done "in theory", and mind you with no real implications because they will still be holding their gold. Solution is to remember the real source of "value" and rebuild/honour the labor<->production relation.

Commented 3715 days ago

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Beginning of the headline :Government spending is out of control and, while most say they want spending cuts, people oppose cuts that impact them. Among those who get government money, there’s practically an unspoken, unbreakable pact to keep the money coming. But when I say that the national debt cannot be paid off, it’s not a political forecast; it’s a statement on the flawed nature of the dollar. Astute observers call the dollar a fiat currency. Fiat means force. It’s true that we’re forced to use the dollar (e.g. by t... Read More

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