Author Topic: Just How Bad Will This Depression Get?  (Read 435 times)

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Offline RomanCatholic1953

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Just How Bad Will This Depression Get?
« on: November 15, 2020, 05:42:50 AM »
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  • Just How Bad Will This Depression Get?
    November 13, 2020 in News by RBN Staff


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    source:  news
    November 13, 2020
    3 million Americans starved to death in the 1930s according to the demographer Borisov. There were only 123 million Americans in 1929. They did not have to die. Eight professors from the University of Chicago gave FDR a plan that would have ended the Depression in 90 days. It was basically Dr Irving Fisher’s theory of 100% money.
    He would have repealed our Federal Reserve system which allows a privately owned company to issue our currency and to charge us interest for loaning us our money (Federal Reserve Notes) into circulation. Fisher would have replaced our debt based currency with a non-interest bearing currency like President Lincoln’s Greenbacks. Under Lincoln’s system all currency was issued by the Treasury and not by a privately owned Federal Reserve Bank which charges us taxpayers interest on money they created out of thin air.
    If we had a non-interest bearing currency, we would not have a $27 trillion debt and be paying over half a trillion dollars a year in interest. Nor would we have an infrastructure deficit of bridges, sewers, schools and roads needing repair. We could pay for all that and create lots of high paying jobs by spending money on roads and schools.
    The second part of 100% money is to repeal fractional reserve banking. That would have ended the Depression. Under our system of debt based fractional reserve banking, no checking account money can be issued until someone comes into a bank and borrows money at interest. båñkêrs create checking account money when they issue $100 in loans for every $10 on deposit.
    Who in his right mind would borrow money at interest in 1933 America?
    Only the federal government could borrow money at interest to replace the money that had been cancelled when loans were either repaid or discharged in bankruptcy court or foreclosure.
    Under 100% money even checking account money is created by the Treasury so currency would not contract in bankruptcy or when it is repaid. In 1933 America our money supply contracted 31% with no way to increase it so we would have sufficient money to conduct business. But a 100% money supply eliminates money contraction and also bank runs. And it does away with most Bubbles because loans create demand. Under 100% money, the money already exists and loans only shift from one sector to another.
    So what happens next? A Depression is a period in time when Unpayable Debts are cancelled en masse. Since we have more Unpayable Debts than anytime in history, we are headed to the worst Financial disaster in 500 years. That would mean more starvation than in the 1930s unless we change things now. We have a population of 331 million which is 202 million more than in 1929. There is a famous Deagel forecast that in 2025 our US population will be reduced. The following is from Google:
    Well as we see now in the screenshot above taken from their website page for the United States this morning, Deagel is now forecasting that the 2025 population of the USA will be a nice, round 100 million people – nearly doubling their previous 2025 forecast for America of 54 million. Apr 10, 2020.
     

    The solution is obvious: We need to get rid of interest bearing currencies and fractional reserve banking. If we don’t, I would expect tens of millions of Americans to starve to death. We have 202 million more people than in 1929. And today people live in big cities far from food whether it be gardens andchickens in the backyard or an occasional deer or rabbit near your house. But, city dwellers won’t peaceably starve to death in 2021 or 2022. Will they? The Guardian tells us that Americans own 493 million guns. We could reasonably expect every city in America to burn to the ground. At what cost?
    And now we can ask why we have this very bad monetary and banking system designed to transfer wealth from those who make wealth to those who create money out of thin air at a cost of their fellow citizens dying from either violence or starvation. The men who created this banking system were agents of the Rothschilds, the Rockefellers, J P Morgan and the Warburgs. Hint: The last three were partners of the the first.
    So the question is this: are the lives of 7 billion people equal in value to those of the 30 Families and their 6,000 Minions? Those are our rulers according to David Rothkopf in his book Superclass who used to be CEO of Kissinger  Associates, a major Minion of the Darkside. This is point where I tell you I have a photo of Marina Abramovic, Satanist and performance artist, together with Lord Jacob Rothschild in front of the painting entitled Summoning Satan.

    I have written of how violence or warfare could be waged against us using a ναccιnє and a bioweapon.
    Dr Mikovits: ναccιnє Could Kill Tens of Millions in America
    https://vidrebel.wordpress.com/2020/10/13/dr-mikovits-ναccιnє-could-kill-tens-of-millions-in-america/
    Alternatively, we could organize a peaceful Debt Cancellation just as they did in ancient Sumer and Babylon 4,400 years ago.
    Debt Cancellation Is The Best Way To Take Down Bilderberg
    https://vidrebel.wordpress.com/2015/04/07/debt-cancellation-is-the-best-way-to-take-down-bilderberg/
    вιℓℓ gαтeѕ Smirked. Will People Die?
    https://vidrebel.wordpress.com/2020/07/06/bill-gates-smirked-will-people-die/
    Matt Lauer made $25 million a year reading the morning news. He had perks. He demanded a button be placed on his desk so that he could electronically lock Gentile women inside his office. Matt Lauer raped women so badly that ambulances had to be called to his NBC office. But that was before The MeToo# Movement.
    Whopping Tales Of The Mainstream
    https://vidrebel.wordpress.com/2020/06/01/whopping-tales-of-the-mainstream/
    The above Deagel estimate originally appeared here:

    Quote
    Deagel Makes Mysterious Changes To 2025 Population Forecast For America As вιℓℓ gαтeѕ Launches ‘Grand Challenge’: The ‘Holy Grail Of Influenza Research’ And ‘Bridging The Valley Of Death’
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    Offline Yeti

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    Re: Just How Bad Will This Depression Get?
    « Reply #1 on: November 15, 2020, 03:50:58 PM »
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  • Under Lincoln’s system all currency was issued by the Treasury and not by a privately owned Federal Reserve Bank which charges us taxpayers interest on money they created out of thin air.[size={defaultattr}]
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    This is a dream for many, but I'm not at all convinced it would solve any problems. Instead of having the Federal Reserve print money out of thin air, they want the Treasury to print money out of thin air. The problem with this solution is that politicians would just run those presses so fast and so hard, giving the money to themselves and their cronies and buying votes, that the money would be devalued like Zimbabwe. That's the problem with every 3rd-world country, that the politicians can print as much money as they want.
    .
    With our current system, people have much stronger resistance to the government printing and spending money, because it becomes debt. I realize that our debt is becoming unpayable, so to some extent our system is not entirely different from having the Treasury print money, but we're still not at the level of 3rd world countries.
    .
    Kings issued their own currency when money was made out of precious metal, and in that case there was an inherent limit on how much money they could issue, which was the amount of precious metal they could mine. Without any sort of limit on the money supply, you quickly get to Weimar Republic situations.
    .
    Why do you think AOC is such an enthusiastic supporter of the idea mentioned here? Because she comes from a 3rd world country where this is done, and wants to make this country into the 3rd world too. That's how you do it. Devalue the currency, you crash the economy, civilization is destroyed. No thanks, I'd rather keep our current system of debt money. It seems like it'll give us a little more time before collapse.


    Offline Matto

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      • Julian Moore
    Re: Just How Bad Will This Depression Get?
    « Reply #2 on: November 15, 2020, 08:04:42 PM »
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  • No thanks, I'd rather keep our current system of debt money. It seems like it'll give us a little more time before collapse.

    Bad take after bad take. Yeti is actually supporting the Jєωιѕн Federal Reserve. I always thought ever since you joined that you were a troll. Now I am sure of it.
    I Love Watching Butterflies . . ..

    Offline Matthew

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    Re: Just How Bad Will This Depression Get?
    « Reply #3 on: November 16, 2020, 10:04:35 AM »
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  • It's not like they're hindered from devaluing our currency now, while it's debt-money. They don't care about the outstanding debt/balance. 20 trillion, 21 trillion, what's another trillion?
    So that's a lousy argument.
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