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It is interesting that the Federal Reserve Banks did not want to accept their own Federal Reserve Notes. If a chef won’t eat their own cooking you shouldn’t either. For the job of controlling the Nations money supply, the Federal Reserve gets paid a fee known as Seigniorage. This fee is not paid to them in Federal Reserve Notes. They refuse to accept them as payment because they know they are worth nothing. They are paid in Gold Certificates which are redeemable for only one thing, GOLD! If gold isn’t real money, why is it important that it is the only payment the Federal Reserve will accept? Think about that, I mean really…think about it!
The whole conspiracy was sinister and slow. Take 1% of the Nations gold as payment every year so nobody will notice. 1% is a small amount for a year, however that only lasts 100 years before it is all gone. Remember the Federal Reserve Act was passed on December 23, 1913. That means that at or around December 21, 2012, the date the Mayan calendar predicts destruction of life because (the Earth will move), the Nation will run out of gold to pay the Federal Reserve.
www.unexplained-mysteries.com...
Originally posted by mmiichael
If you ever want perspective check old books and newspaper archives from the early 20th Century. In the 1920s Communists were providing data and analysis demonstrating how the Capitalist West was inevitably going to fall.
When the Great Depression hit in the early 30s, American and European leaning economists were authoritatively explaining that the end had come for unsustainable growth.
There have been doom and gloom naysayers since there was writing. In the first Century AD people were certain of the return of the Messiah and that they were living in the final days.
The US has abundant resources and assets as well as productivity and agricultural self-sufficiency. It has downturns and somehow bounced back stringer than ever.
There are a lot of disgruntled people, resentful, envious, angry about how comfortably Americans live compared to most of the people in the rest of the world. They will continue to blame the US for their problems. Not their leaders, not their socio-economic cultural shortcomings, not themselves.
It's always been that way.
Originally posted by aristocrat2
America will crash. This is not untrodden territory. The same thing happened in 1345AD.
The market will go first and then America will default on its debts.
Originally posted by SonicInfinity
I'll admit, I'm only in my mid-20s, so I don't have the experience and age to know a collapse before I see one, so for those who are older and have seen or been through economic collapses, how close are we to one right now?