It would actually be impossible because there is nowhere near the amount of real hard physical currency compared to the amount of currency that is actually digitized in banks.
And the federal reserve banks admitted that they caused the Great Depression, 80 years after the fact.
Ever since they overtook our economy, the value of the US dollar has plummeted by 2248.8% and counting.
We pay the federal reserve banks to loan other banks our money at very low rates. Then those same banks loan us our own money back to us at an even higher interest rate..
If they profit, they keep all the profits. If their loans go bad, we bail them out. It's a Win-Win for the bankers
The death of the savings class, the Constitution meant specifically to prevent this is dead, nothing will stop it.
But a paradox is in effect: as long as QE is going, bad news = good news. The longer they keep the presses running, the more time you have to get your own affairs, for your family members to handle commitments typing you here, and get out of here. It's still legal for people to leave despite rising expatration taxes (ala Eduardo Saverin).
A run on the dollar as you suggest would be disastrous for the American people, because the government won't allow it: see Cyprus, and Argentina under President Cristina Fernandez.
Capital controls – forcing the citizens to purchase bonds or jail, refusal to allow escape into a different currency. Literal police state, police dogs on outbound ferries to prevent capital flight to Uruguay. Independent media crushed by government force through antitrust laws (the irony!)…
Wouldn't this system be exposed if we could motivate every American to go to the bank over a weeks time and withdraw every penny they have in checking, savings, stocks, bonds, and IRAs etc? Could the FED cover it? That would put a halt on stuff right? What could they do? Maybe I'm missing something here.
I'm bout half way through Griffin's creature from jekyll island book. Talk about unpluging from the matrix. If your not rich, you will be subjugated and ruled by lord class. Its comming.
It would actually be impossible because there is nowhere near the amount of real hard physical currency compared to the amount of currency that is actually digitized in banks.
And the federal reserve banks admitted that they caused the Great Depression, 80 years after the fact.
Ever since they overtook our economy, the value of the US dollar has plummeted by 2248.8% and counting.
We pay the federal reserve banks to loan other banks our money at very low rates. Then those same banks loan us our own money back to us at an even higher interest rate..
If they profit, they keep all the profits. If their loans go bad, we bail them out. It's a Win-Win for the bankers
The death of the savings class, the Constitution meant specifically to prevent this is dead, nothing will stop it.
But a paradox is in effect: as long as QE is going, bad news = good news. The longer they keep the presses running, the more time you have to get your own affairs, for your family members to handle commitments typing you here, and get out of here. It's still legal for people to leave despite rising expatration taxes (ala Eduardo Saverin).
A run on the dollar as you suggest would be disastrous for the American people, because the government won't allow it: see Cyprus, and Argentina under President Cristina Fernandez.
Capital controls – forcing the citizens to purchase bonds or jail, refusal to allow escape into a different currency. Literal police state, police dogs on outbound ferries to prevent capital flight to Uruguay. Independent media crushed by government force through antitrust laws (the irony!)…
Jim Mars and Marlon Maddox
Wouldn't this system be exposed if we could motivate every American to go to the bank over a weeks time and withdraw every penny they have in checking, savings, stocks, bonds, and IRAs etc? Could the FED cover it? That would put a halt on stuff right? What could they do? Maybe I'm missing something here.
hey pal it's been here for decades
In God We Trust!
I'm bout half way through Griffin's creature from jekyll island book. Talk about unpluging from the matrix. If your not rich, you will be subjugated and ruled by lord class. Its comming.
Listening to this scares me