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Ron Paul: End the Fed
Tweet Topic Started: Jan 18 2012, 10:29 AM (106 Views)
HoosierLars Jan 18 2012, 10:29 AM Post #1
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http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

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IUCOLTFAN Jan 18 2012, 10:46 AM Post #2
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Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

And it appears that you have absolutely no problem with printing money on a whim and devaluing our dollar even further......

You may not like or agree with Paul's stance but he has done 1 good thing, he has started people talking and understanding the trouble our financial system is really in. Name another politician who will stand on stage and actually tell the people the truth without fear of not being re-elected.

Whether he becomes President or not, Ron Paul is a good person to have involved with our government. At least he shows a little honesty and integrity which is refreshing considering all the other assbags that somehow get elected.
Edited by IUCOLTFAN, Jan 18 2012, 10:48 AM.
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HoosierLars Jan 18 2012, 11:48 AM Post #3
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Jan 18 2012, 10:46 AM
You may not like or agree with Paul's stance but he has done 1 good thing, he has started people talking and understanding the trouble our financial system is really in. Name another politician who will stand on stage and actually tell the people the truth without fear of not being re-elected.

Whether he becomes President or not, Ron Paul is a good person to have involved with our government. At least he shows a little honesty and integrity which is refreshing considering all the other assbags that somehow get elected.
Totally agree
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Mr Gray Jan 18 2012, 04:28 PM Post #4
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Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

Wow....1st of all "most of our money" has not been loaned out to others. It was printed and then loaned to ourselves, which makes no sense in any other real-world application.

2nd, in your sept 08' example, Lars I contend that in the event that your only choice is to steal net worth from the all of your citizens (which is what the printing press does, and you know this) to prevent economic failure....my friend the economy has already failed.
Edited by Mr Gray, Jan 18 2012, 04:31 PM.
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The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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brumdog44 Jan 18 2012, 06:23 PM Post #5
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HoosierLars
Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

PPT. If it doesn't scare you -- including that it has zero transparency -- then nothing will.
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HoosierLars Jan 18 2012, 09:13 PM Post #6
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Mr Gray
Jan 18 2012, 04:28 PM
HoosierLars
Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

Wow....1st of all "most of our money" has not been loaned out to others. It was printed and then loaned to ourselves, which makes no sense in any other real-world application.

2nd, in your sept 08' example, Lars I contend that in the event that your only choice is to steal net worth from the all of your citizens (which is what the printing press does, and you know this) to prevent economic failure....my friend the economy has already failed.
Gray, when you buy a CD, the bank loans that money out to borrowers, but must keep the "fraction reserve" amount in their vault. If everyone panics and wants their money, it's called a "bank run", and the bank will fail unless the lender of last resort, the Federal Reserve, can provide the money.

We had a global bank run in '08 when everyone panicked. If the world's central banks hadn't provided the liquidity to meet all of the depositors request for cash, our financial system would have cratered, and your ATM card wouldn't have worked.

Much of Ron Paul's support comes from people who ignorant about how the world financial system really works.
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Mr Gray Jan 18 2012, 10:10 PM Post #7
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HoosierLars
Jan 18 2012, 09:13 PM
Mr Gray
Jan 18 2012, 04:28 PM
HoosierLars
Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

Wow....1st of all "most of our money" has not been loaned out to others. It was printed and then loaned to ourselves, which makes no sense in any other real-world application.

2nd, in your sept 08' example, Lars I contend that in the event that your only choice is to steal net worth from the all of your citizens (which is what the printing press does, and you know this) to prevent economic failure....my friend the economy has already failed.
Gray, when you buy a CD, the bank loans that money out to borrowers, but must keep the "fraction reserve" amount in their vault. If everyone panics and wants their money, it's called a "bank run", and the bank will fail unless the lender of last resort, the Federal Reserve, can provide the money.

We had a global bank run in '08 when everyone panicked. If the world's central banks hadn't provided the liquidity to meet all of the depositors request for cash, our financial system would have cratered, and your ATM card wouldn't have worked.

Much of Ron Paul's support comes from people who ignorant about how the world financial system really works.
Lars, when the federal reserve "provides the money" where do they get it from? Does it really exist? I'll let you answer that question yourself, but try actually thinking it through this time, and set aside your long standing reputation on this board for supporting the fed
Posted Image
The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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IUCOLTFAN Jan 19 2012, 05:23 PM Post #8
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HoosierLars
Jan 18 2012, 09:13 PM
Mr Gray
Jan 18 2012, 04:28 PM
HoosierLars
Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

Wow....1st of all "most of our money" has not been loaned out to others. It was printed and then loaned to ourselves, which makes no sense in any other real-world application.

2nd, in your sept 08' example, Lars I contend that in the event that your only choice is to steal net worth from the all of your citizens (which is what the printing press does, and you know this) to prevent economic failure....my friend the economy has already failed.
Gray, when you buy a CD, the bank loans that money out to borrowers, but must keep the "fraction reserve" amount in their vault. If everyone panics and wants their money, it's called a "bank run", and the bank will fail unless the lender of last resort, the Federal Reserve, can provide the money.

We had a global bank run in '08 when everyone panicked. If the world's central banks hadn't provided the liquidity to meet all of the depositors request for cash, our financial system would have cratered, and your ATM card wouldn't have worked.

Much of Ron Paul's support comes from people who ignorant about how the world financial system really works.
People are ignorant because they disagree with the way the Fed operates?

Am I ignorant for wanting the money that I save to have realtively close to the same amount of purchasing power when I retire?

We print money, devalue the dollar, and go deeper in the debt by the minute and yet you want the financial system to stay the same......I think we all know who is ignorant.
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Mr Gray Jan 19 2012, 09:49 PM Post #9
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Jan 18 2012, 10:10 PM
HoosierLars
Jan 18 2012, 09:13 PM
Mr Gray
Jan 18 2012, 04:28 PM
HoosierLars
Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

Wow....1st of all "most of our money" has not been loaned out to others. It was printed and then loaned to ourselves, which makes no sense in any other real-world application.

2nd, in your sept 08' example, Lars I contend that in the event that your only choice is to steal net worth from the all of your citizens (which is what the printing press does, and you know this) to prevent economic failure....my friend the economy has already failed.
Gray, when you buy a CD, the bank loans that money out to borrowers, but must keep the "fraction reserve" amount in their vault. If everyone panics and wants their money, it's called a "bank run", and the bank will fail unless the lender of last resort, the Federal Reserve, can provide the money.

We had a global bank run in '08 when everyone panicked. If the world's central banks hadn't provided the liquidity to meet all of the depositors request for cash, our financial system would have cratered, and your ATM card wouldn't have worked.

Much of Ron Paul's support comes from people who ignorant about how the world financial system really works.
Lars, when the federal reserve "provides the money" where do they get it from? Does it really exist? I'll let you answer that question yourself, but try actually thinking it through this time, and set aside your long standing reputation on this board for supporting the fed
bump to Lars
Posted Image
The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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HoosierLars Jan 19 2012, 11:31 PM Post #10
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Mr Gray
Jan 19 2012, 09:49 PM
Mr Gray
Jan 18 2012, 10:10 PM
HoosierLars
Jan 18 2012, 09:13 PM
Mr Gray
Jan 18 2012, 04:28 PM
HoosierLars
Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

Wow....1st of all "most of our money" has not been loaned out to others. It was printed and then loaned to ourselves, which makes no sense in any other real-world application.

2nd, in your sept 08' example, Lars I contend that in the event that your only choice is to steal net worth from the all of your citizens (which is what the printing press does, and you know this) to prevent economic failure....my friend the economy has already failed.
Gray, when you buy a CD, the bank loans that money out to borrowers, but must keep the "fraction reserve" amount in their vault. If everyone panics and wants their money, it's called a "bank run", and the bank will fail unless the lender of last resort, the Federal Reserve, can provide the money.

We had a global bank run in '08 when everyone panicked. If the world's central banks hadn't provided the liquidity to meet all of the depositors request for cash, our financial system would have cratered, and your ATM card wouldn't have worked.

Much of Ron Paul's support comes from people who ignorant about how the world financial system really works.
Lars, when the federal reserve "provides the money" where do they get it from? Does it really exist? I'll let you answer that question yourself, but try actually thinking it through this time, and set aside your long standing reputation on this board for supporting the fed
bump to Lars
It's a very complicated subject, and is too difficult to discuss much on this forum. The main thing is having a reasonable amount of money in circulation to facilitate trading, while holding inflation at a reasonable level. There was a time when gold and silver were required to provide more confidence in a fiat currency, and to keep the government from printing money. Today when any commodity and currency can be traded 24/7, this is an antiquated concept.

Colt, if you don't like the way the Fed is managing our currency, open up a Schwab account and trade your US money for Euros, Yen, gold, silver, or pork bellies. You are in control of your "money".
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Bobobinc Jan 20 2012, 07:56 AM Post #11
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HoosierLars
Jan 19 2012, 11:31 PM
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Jan 19 2012, 09:49 PM
Mr Gray
Jan 18 2012, 10:10 PM
HoosierLars
Jan 18 2012, 09:13 PM
Mr Gray
Jan 18 2012, 04:28 PM
HoosierLars
Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

Wow....1st of all "most of our money" has not been loaned out to others. It was printed and then loaned to ourselves, which makes no sense in any other real-world application.

2nd, in your sept 08' example, Lars I contend that in the event that your only choice is to steal net worth from the all of your citizens (which is what the printing press does, and you know this) to prevent economic failure....my friend the economy has already failed.
Gray, when you buy a CD, the bank loans that money out to borrowers, but must keep the "fraction reserve" amount in their vault. If everyone panics and wants their money, it's called a "bank run", and the bank will fail unless the lender of last resort, the Federal Reserve, can provide the money.

We had a global bank run in '08 when everyone panicked. If the world's central banks hadn't provided the liquidity to meet all of the depositors request for cash, our financial system would have cratered, and your ATM card wouldn't have worked.

Much of Ron Paul's support comes from people who ignorant about how the world financial system really works.
Lars, when the federal reserve "provides the money" where do they get it from? Does it really exist? I'll let you answer that question yourself, but try actually thinking it through this time, and set aside your long standing reputation on this board for supporting the fed
bump to Lars
It's a very complicated subject, and is too difficult to discuss much on this forum. The main thing is having a reasonable amount of money in circulation to facilitate trading, while holding inflation at a reasonable level. There was a time when gold and silver were required to provide more confidence in a fiat currency, and to keep the government from printing money. Today when any commodity and currency can be traded 24/7, this is an antiquated concept.

Colt, if you don't like the way the Fed is managing our currency, open up a Schwab account and trade your US money for Euros, Yen, gold, silver, or pork bellies. You are in control of your "money".
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Mr Gray Jan 20 2012, 09:29 AM Post #12
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Jan 19 2012, 11:31 PM
Mr Gray
Jan 19 2012, 09:49 PM
Mr Gray
Jan 18 2012, 10:10 PM
HoosierLars
Jan 18 2012, 09:13 PM
Mr Gray
Jan 18 2012, 04:28 PM
HoosierLars
Jan 18 2012, 10:29 AM
http://www.ronpaul2012.com/the-issues/end-the-fed/

Does Ron realize that our "fractional reserve" banking system means most of your money has been loaned out to others? This concept has been a huge driver of our economic growth over the last century. The main weakness is bank runs, and we had a global run in Sept 08. If central banks around the world hadn't been able to meet that run, our financial system would have collapsed, and you wouldn't have been able to use your ATM card.

Wow....1st of all "most of our money" has not been loaned out to others. It was printed and then loaned to ourselves, which makes no sense in any other real-world application.

2nd, in your sept 08' example, Lars I contend that in the event that your only choice is to steal net worth from the all of your citizens (which is what the printing press does, and you know this) to prevent economic failure....my friend the economy has already failed.
Gray, when you buy a CD, the bank loans that money out to borrowers, but must keep the "fraction reserve" amount in their vault. If everyone panics and wants their money, it's called a "bank run", and the bank will fail unless the lender of last resort, the Federal Reserve, can provide the money.

We had a global bank run in '08 when everyone panicked. If the world's central banks hadn't provided the liquidity to meet all of the depositors request for cash, our financial system would have cratered, and your ATM card wouldn't have worked.

Much of Ron Paul's support comes from people who ignorant about how the world financial system really works.
Lars, when the federal reserve "provides the money" where do they get it from? Does it really exist? I'll let you answer that question yourself, but try actually thinking it through this time, and set aside your long standing reputation on this board for supporting the fed
bump to Lars
It's a very complicated subject, and is too difficult to discuss much on this forum. The main thing is having a reasonable amount of money in circulation to facilitate trading, while holding inflation at a reasonable level. There was a time when gold and silver were required to provide more confidence in a fiat currency, and to keep the government from printing money. Today when any commodity and currency can be traded 24/7, this is an antiquated concept.

Colt, if you don't like the way the Fed is managing our currency, open up a Schwab account and trade your US money for Euros, Yen, gold, silver, or pork bellies. You are in control of your "money".
B U L L S H I T ! ! ! !

You know damn well where they get the money from when the print it...it's really not that complicated, but that is what they want you to believe, so that you just continue to accept what the "experts" (crooks) think is best. When they print money, they take it out of the pockets of every single American....so yes the money does exist, it just isn't their's to begin with.
Posted Image
The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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HoosierLars Jan 20 2012, 11:02 AM Post #13
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Jan 20 2012, 09:29 AM
B U L L S H I T ! ! ! !

You know damn well where they get the money from when the print it...it's really not that complicated, but that is what they want you to believe, so that you just continue to accept what the "experts" (crooks) think is best. When they print money, they take it out of the pockets of every single American....so yes the money does exist, it just isn't their's to begin with.
Gray, it took you a while just to admit that our country's wealth has grown dramatically in the last 100 years, so I don't expect much agreement on the following.

As our nation's wealth grew, we needed more liquid money to facilitate trading. Period. It has nothing to do with the number of Au atoms that exist in government vaults.

The promises made to the elderly are no longer possible to keep because the assumptions about longevity and number of workers per retired worker have dramatically changed. Also, health care costs have soared as we've become less healthy and technology has created many more, expensive treatments. Politically, there's no way to legislate our way out of this mess. The only solution is letting inflation be the bad guy. End of story.

If you were able to magically wave your Paulite wand and control Congress, there would be extreme pain, and the liberals would be back in control within two years.
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Mr Gray Jan 20 2012, 11:09 AM Post #14
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Jan 20 2012, 11:02 AM
Mr Gray
Jan 20 2012, 09:29 AM
B U L L S H I T ! ! ! !

You know damn well where they get the money from when the print it...it's really not that complicated, but that is what they want you to believe, so that you just continue to accept what the "experts" (crooks) think is best. When they print money, they take it out of the pockets of every single American....so yes the money does exist, it just isn't their's to begin with.
Gray, it took you a while just to admit that our country's wealth has grown dramatically in the last 100 years, so I don't expect much agreement on the following.

As our nation's wealth grew, we needed more liquid money to facilitate trading. Period. It has nothing to do with the number of Au atoms that exist in government vaults.

The promises made to the elderly are no longer possible to keep because the assumptions about longevity and number of workers per retired worker have dramatically changed. Also, health care costs have soared as we've become less healthy and technology has created many more, expensive treatments. Politically, there's no way to legislate our way out of this mess. The only solution is letting inflation be the bad guy. End of story.

If you were able to magically wave your Paulite wand and control Congress, there would be extreme pain, and the liberals would be back in control within two years.
our country's net wealth hasn't "grown" in terms of relativity Lars....take a look at the balance sheet for crying out loud. I have a company right now that has access to a $100,000 line of credit, to which we only have about $10k on it right now. If I go ahead and pull the remaining $90k and just buy a bunch of cool shit for the employees and start providing lunch for everyone every day with it, would you say that my company's wealth has grown? I mean, we have a bunch of money in our checking account now, and all my people are living well right? Keep in mind, I haven't done much or anything in that scenario to grow the income anywhere near the rate of my debt accumulation....but we do have free lunch and money in the checking account right?

Posted Image
The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism.
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HoosierLars Jan 21 2012, 11:28 AM Post #15
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Mr Gray
Jan 20 2012, 11:09 AM
HoosierLars
Jan 20 2012, 11:02 AM
Mr Gray
Jan 20 2012, 09:29 AM
B U L L S H I T ! ! ! !

You know damn well where they get the money from when the print it...it's really not that complicated, but that is what they want you to believe, so that you just continue to accept what the "experts" (crooks) think is best. When they print money, they take it out of the pockets of every single American....so yes the money does exist, it just isn't their's to begin with.
Gray, it took you a while just to admit that our country's wealth has grown dramatically in the last 100 years, so I don't expect much agreement on the following.

As our nation's wealth grew, we needed more liquid money to facilitate trading. Period. It has nothing to do with the number of Au atoms that exist in government vaults.

The promises made to the elderly are no longer possible to keep because the assumptions about longevity and number of workers per retired worker have dramatically changed. Also, health care costs have soared as we've become less healthy and technology has created many more, expensive treatments. Politically, there's no way to legislate our way out of this mess. The only solution is letting inflation be the bad guy. End of story.

If you were able to magically wave your Paulite wand and control Congress, there would be extreme pain, and the liberals would be back in control within two years.
our country's net wealth hasn't "grown" in terms of relativity Lars....take a look at the balance sheet for crying out loud. I have a company right now that has access to a $100,000 line of credit, to which we only have about $10k on it right now. If I go ahead and pull the remaining $90k and just buy a bunch of cool shit for the employees and start providing lunch for everyone every day with it, would you say that my company's wealth has grown? I mean, we have a bunch of money in our checking account now, and all my people are living well right? Keep in mind, I haven't done much or anything in that scenario to grow the income anywhere near the rate of my debt accumulation....but we do have free lunch and money in the checking account right?

Surprising you are making another run at claiming our countries wealth hasn't grown tremendously in the past 100 years. Did you know the Chinese and Indians rarely have running hot water, and depend on bicycles for most of their transportation? Our power and transportation infrastructure alone represents great wealth.

I look at the big picture when determining if the "wealth" has increased. If you used that 100k to buy personal belongings for pleasure, and then let your LLC go bankrupt, I would say there was zero wealth generated. The entity who risked the 100k lost its wager, and there's nothing to show for that 100k at the end of the day. However, if you spent that 100k to manufacture a new vaccine that reduces the death rate of pigs, and as a result you profit and the farmers who buy from you profit too, society has seen an increase in its net wealth.

If you spent that 100k to short gold and silver mining stocks, and you make a 30% profit, I don't really consider that "wealth." It increases your personal balance sheet, but it came at the expense of someone else's balance sheet decreasing.
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