Monad Portal
Was it me?
stfu.
After 1933 nations could still redeem dollars for gold on a national level. until 71.
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RUSSIA DEFAULTS ON DEBT
- Thread starter evince
- Start date
stfu.
After 1933 nations could still redeem dollars for gold on a national level. until 71.
floridafan
Verified User
The Donald was responsible for the single largest 4 year deficit in American history, my dear.
Into the Night
Verified User
You don't understand what 'dollar' means either, obviously, or how the term was coined.
A dollar is a unit of weight...or was, until 1933. Then it was just fiat paper. People couldn't redeem it for gold.
Into the Night
Verified User
No, he wasn't. They exploded under Biden.
Congress, and ONLY Congress (specifically the House) has authority to spend money.
Monad Portal
Was it me?
I dont care about the history of the term.
governments still could after 33. until 71.
Into the Night
Verified User
You don't care about anything but yourself and your own paranoia. Strawman fallacy.
A dollar is a unit of weight...or was, until 1933. Then it was just fiat paper. People couldn't redeem it for gold.
Monad Portal
Was it me?
individuals could until 33, countries could until 1971.
Monad Portal
Was it me?
Notice we never hear a "no they couldn't".
It's all word games with this clown.
It's all word games with this clown.
floridafan
Verified User
Really?? Who signed into law the largest tax increase fiasco in our history
https://www.propublica.org/article/national-debt-trump
https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401
Monad Portal
Was it me?
the power of the purse has been wrongfully privatized into a banker cartel called the federal reserve.
Into the Night
Verified User
The Federal Reserve is not a cartel. It is directed by Congress. It was created by Congress in 1913.
Only the House has the authority to spend. That has nothing to do with the Federal Reserve. Strawman fallacy. See Article I.
Monad Portal
Was it me?
congress has shirked their duty and is not exercizing it's congressional oversight properly.
to claim the member banks are directed by congress is a lie. just dumb sophomorics
congress performs oversight of the executive branch too - but to claim congress directs the executive branch because they have oversight capabilities would be a lie.
cartel is a pretty good term to describe the nature of these banks
Definition of cartel
1: a written agreement between belligerent nations
2: a combination of independent commercial or industrial enterprises designed to limit competition or fix prices
illegal drug cartels
3: a combination of political groups for common action
Into the Night
Verified User
Agreed. Congress has violated the Constitution on many points. They do, however, direct the Fed. The Fed itself, of course, is also unconstitutional. The creation of the Fed, and the creation of fiat money, and the theft of gold were never authorized by the Constitution.
Into the Night
Verified User
The Federal Reserve is directed by Congress.
It has no authority to.
It has no authority to.
They do not have oversight capabilities.
The Federal Reserve is just one bank.
Apparently you have never read the Constitution of the United States.
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wrong. they are independent. Congress performs oversight, but does not direct their activity.
Monad Portal
Was it me?
Into the Night
Verified User
Paradox. Irrational statement.
Into the Night
Verified User
The Federal Reserve IS rogue. Congress never had authority to create such a bank or to create fiat money or to steal gold.
what a retard
https://www.federalreserve.gov/aboutthefed/files/the-fed-explained.pdf
The framers of the Federal Reserve Act purposely rejected the concept of a single central bank.