We need to get rid of this usurious, fractional-reserve-lending central banking SCAM and return to sound money, based on tangible wealth: land, water, minerals, gold, etc.
"the crushing debt millennials and Gen Z are emerging from the University indoctrination system with, "as they have been sold a false bill of goods and find themselves on the other end laden with crippling debt and with no real professional prospects to speak of that can do more than simply service said debt, to say nothing of producing and engaging with would-be capitalist American society on a constructive level." Maybe it should be shouted from the rooftops that getting a "college education" is not all what its cracked up to be. Joe Schmoe, just has a high school diploma, goes for an interview, he's told he has to have a degree, yet Joey Bagadonuts (Bongino's famous anybody) a millennial who graduated from some ivy league liberal college with a very pricy degree can't get that same job because he is too overqualified!! Make sense?? This happens all the time. I say go to a trade school you can make more money as a plumber or electrical and retire before that fancy degree starts paying off!!
When Biden makes these type of campaign promises, for a second I go back to, he’s just acting and his job is to screw things up, White hats are in control. I’ve abandoned this way of thinking (allowed only in Halloween and my birthday) but we really need to thank the senile resident for firing up and hopefully waking up voters. If we could just get the resident to talk about the not closed border.
Remember when Obummer addressed the joint session of Congress in 2009 and called for EVERY American to pursue education beyond high school? Yeah...me too.
Yeah, blaming college students isn't helpful at all, I wish people would stop doing it. Most of them are kids who were pressured into it by parents, society, "everybody knows", the school itself, and the lenders are just standing there waiting for them.
I appreciate this sentiment, but I actually think it's another example of narrative seeding. These are exactly the sorts of arguments people should be having now.
Why not all of it? Time to burn down this entire extractive, "legalized" loan sharking death cult anyway. If big banks fail completely as they should, there is nobody to pay the debt back to. Fine by me.
Also, for some really great historical perspective, Bill Still is a great place to start - he didn't mention the act of 1871 reducing our Constitution to a corporation, but his work ties into it nonetheless: https://rumble.com/vx3pfr-the-money-masters-1996.html
Um, not central banks, lol. It's not going to work that way unfortunately for them. The derivatives alone will kill every bank downstream from them after they fail, hell the central banks are the only thing keeping Citi, Morgan, etc alive at all. Central banks cannot be "bailed out" nor can they be taken over by some private investor either. Their failure spells the end of all fractional reserve banking, period. There is much to be learned from reading sites like ZeroHedge. I've been reading them since 2006. https://www.zerohedge.com/
I believe that the entire banking system could well fail as a result of this, and numerous other fiascos. But are you saying that their assets will not be bought, perhaps at fire-sale prices, by someone out there? Not the banks themselves; just their assets.
So long as those assets have some value, history shows that they will be bought by someone. The proceeds of those sales will be used to settle (partially perhaps) the institution's remaining debts, of which there would be a significant amount, else the institution in question would not be bankrupt.
One idea I've considered is that, if we all agree these banking institutions are largely criminal enterprises, Trump signed certain executive orders regarding the seizure of assets of those involved in serious corruption and human rights violations. The American people would then own the assets.
Usually 'the American people' is translated by the government as 'the US government.' In which case the assets would reduce (by a minuscule amount) the national debt. In proportion to the amount that could be collected on the debts.
Who do you think runs those central banks? They are privately owned, they are not run by countries. Of course the evil people pulling strings are making a lot of "money" off of this system, but I think you misunderstand their system. The central banking apparatus is HOW they extract wealth from the rest of us - it is a great Transfer. When the central banks fail, they LOSE their modus operandi. (The Federal Reserve is neither federal, nor a reserve, btw.) Do you know what the banks actual "assets" are? Nothing. Smoke and mirrors and lies on top of that. Ones and zeros on a screen. The bank itself lends the money into existence - this is what fractional reserve lending is built upon. They do not hold "assets" which they then "lend" to us - the money supply itself is lent into existence. When you take out a credit card, you are now considered an "asset" on their balance sheet. And when you deposit cash, or your paycheck into your local branch, that money is no longer yours. It is considered an IOU, or a DEBT that they owe you. There is no real "money" in our system. This is their scam, and this is why they will fail, catastrophically. The only thing keeping them going is the lies that everyone has so far believed. (Speaking of lies, every "depression" and every "recession" was intentionally created, on a schedule, to facilitate that extraction.) Our so-called money supply isn't even Constitutional - and the criminals-in-charge-of-this captured that too, by making the United States a corporation.
OK. But, those assets -- the student loan portfolios, IIRC they have been 'bundled' just like home mortgages -- are owned by some entity, and if and when that entity fails the entity's assets will no doubt be bought by (or transferred to, in some manner) some other institution. Or a company set up for that purpose, which will then set about trying to collect what they can of the loans. Same is true, as you point out, for credit card balances -- also assets on the balance sheet.
Proceeds of the sale will be used to pay off the failed institution's debts, including demand deposits (saving and checking accounts) which are held on the balance sheet as debts. Accounts payable, salaries owed, etc. There is a 'pecking order' in the bankruptcy code that determines the priority of who gets paid first.
Point is, the failure of a bank does not result in forgiveness of the loans owed to the bank. They will not just disappear, once the music stops playing they will end up in somebody's hand. And that somebody will try to collect.
I think you’re exactly right that this is a completely losing narrative for democrats.
I’ve said for a long time that Trump has leveraged Biden through Hunter’s laptop that was “accidentally” left for the FBI to find.
Everything Biden does is a disaster for the democrat party. He’s a millstone around their necks and I’ve told people for a long time that they can’t remove him.
If they could they would have done it after the Afghanistan debacle.
Trump is directing a play and if you go way back to the democrat primaries you’ll see that after Biden lost the first three primaries very badly, Trump publicly picked a fight in the media with him personally which elevated him. Trump then began ignoring the other democrat candidates as he publicly fought with Biden sucking the oxygen out of the others campaigns.
Trump chose Biden.
Trump knew they would steal the election in 2020 and let them as they gathered all the evidence.
And now with democrats in control of the federal government minus the judicial branch, Trump is using Biden to destroy the democrat party while he’s off the stage.
They are taking the blame for everything bad happening and Biden is their face of the party.
We are witnessing the complete destruction of the democrat party and the big stuff hasn’t hit yet.
The democrat party will be thrown into the ash heap of history when this is done.
This is why it ultimately doesn't matter whether we're watching a more literal, controlled "movie" or the most expertly-plotted bit of Game Theory of all time.
Great detail of the win-win situation brought to you by the acting administration.  am I the only one that giggled to themselves when this statement was made? Bravo for laying it all out in a reasonable manner for all to see... 💞
Problem is, Biden plans to do this by executive fiat. No need for Congress to play a part. Unconstitutional, of course; but that would require a court ruling, which in turn requires a plaintiff with 'standing.' Biden plans to make sure that nobody can sue, because there is apparently some precedent that taxpayers do not have standing to sue respecting federal spending...
We need a stable dollar.
We need to get rid of this usurious, fractional-reserve-lending central banking SCAM and return to sound money, based on tangible wealth: land, water, minerals, gold, etc.
Outstanding piece. Thank you.
NCSWIC 🙏🏼🇺🇸🇺🇸🇺🇸🙏🏼
"the crushing debt millennials and Gen Z are emerging from the University indoctrination system with, "as they have been sold a false bill of goods and find themselves on the other end laden with crippling debt and with no real professional prospects to speak of that can do more than simply service said debt, to say nothing of producing and engaging with would-be capitalist American society on a constructive level." Maybe it should be shouted from the rooftops that getting a "college education" is not all what its cracked up to be. Joe Schmoe, just has a high school diploma, goes for an interview, he's told he has to have a degree, yet Joey Bagadonuts (Bongino's famous anybody) a millennial who graduated from some ivy league liberal college with a very pricy degree can't get that same job because he is too overqualified!! Make sense?? This happens all the time. I say go to a trade school you can make more money as a plumber or electrical and retire before that fancy degree starts paying off!!
When Biden makes these type of campaign promises, for a second I go back to, he’s just acting and his job is to screw things up, White hats are in control. I’ve abandoned this way of thinking (allowed only in Halloween and my birthday) but we really need to thank the senile resident for firing up and hopefully waking up voters. If we could just get the resident to talk about the not closed border.
Remember when Obummer addressed the joint session of Congress in 2009 and called for EVERY American to pursue education beyond high school? Yeah...me too.
Yeah, blaming college students isn't helpful at all, I wish people would stop doing it. Most of them are kids who were pressured into it by parents, society, "everybody knows", the school itself, and the lenders are just standing there waiting for them.
how bout clipping $50-60 grand off our home mortgages...
OR
maybe $20 grand off our car loans
I know, lets give reparations to the Irish for their treatment in the mines.
OR
Lets send some money to the ancestors of the Chinese that built much of the RR's...
Where the hell does it stop?
I appreciate this sentiment, but I actually think it's another example of narrative seeding. These are exactly the sorts of arguments people should be having now.
on a totally unrelated subject.... Sarah Palin lost to the uni-party... Dang it
Why not all of it? Time to burn down this entire extractive, "legalized" loan sharking death cult anyway. If big banks fail completely as they should, there is nobody to pay the debt back to. Fine by me.
Someone will buy a failed bank's assets (their loan portfolio) and try to collect it. There are lots of bottom feeders out there.
Also, for some really great historical perspective, Bill Still is a great place to start - he didn't mention the act of 1871 reducing our Constitution to a corporation, but his work ties into it nonetheless: https://rumble.com/vx3pfr-the-money-masters-1996.html
Um, not central banks, lol. It's not going to work that way unfortunately for them. The derivatives alone will kill every bank downstream from them after they fail, hell the central banks are the only thing keeping Citi, Morgan, etc alive at all. Central banks cannot be "bailed out" nor can they be taken over by some private investor either. Their failure spells the end of all fractional reserve banking, period. There is much to be learned from reading sites like ZeroHedge. I've been reading them since 2006. https://www.zerohedge.com/
I believe that the entire banking system could well fail as a result of this, and numerous other fiascos. But are you saying that their assets will not be bought, perhaps at fire-sale prices, by someone out there? Not the banks themselves; just their assets.
So long as those assets have some value, history shows that they will be bought by someone. The proceeds of those sales will be used to settle (partially perhaps) the institution's remaining debts, of which there would be a significant amount, else the institution in question would not be bankrupt.
One idea I've considered is that, if we all agree these banking institutions are largely criminal enterprises, Trump signed certain executive orders regarding the seizure of assets of those involved in serious corruption and human rights violations. The American people would then own the assets.
Usually 'the American people' is translated by the government as 'the US government.' In which case the assets would reduce (by a minuscule amount) the national debt. In proportion to the amount that could be collected on the debts.
Who do you think runs those central banks? They are privately owned, they are not run by countries. Of course the evil people pulling strings are making a lot of "money" off of this system, but I think you misunderstand their system. The central banking apparatus is HOW they extract wealth from the rest of us - it is a great Transfer. When the central banks fail, they LOSE their modus operandi. (The Federal Reserve is neither federal, nor a reserve, btw.) Do you know what the banks actual "assets" are? Nothing. Smoke and mirrors and lies on top of that. Ones and zeros on a screen. The bank itself lends the money into existence - this is what fractional reserve lending is built upon. They do not hold "assets" which they then "lend" to us - the money supply itself is lent into existence. When you take out a credit card, you are now considered an "asset" on their balance sheet. And when you deposit cash, or your paycheck into your local branch, that money is no longer yours. It is considered an IOU, or a DEBT that they owe you. There is no real "money" in our system. This is their scam, and this is why they will fail, catastrophically. The only thing keeping them going is the lies that everyone has so far believed. (Speaking of lies, every "depression" and every "recession" was intentionally created, on a schedule, to facilitate that extraction.) Our so-called money supply isn't even Constitutional - and the criminals-in-charge-of-this captured that too, by making the United States a corporation.
OK. But, those assets -- the student loan portfolios, IIRC they have been 'bundled' just like home mortgages -- are owned by some entity, and if and when that entity fails the entity's assets will no doubt be bought by (or transferred to, in some manner) some other institution. Or a company set up for that purpose, which will then set about trying to collect what they can of the loans. Same is true, as you point out, for credit card balances -- also assets on the balance sheet.
Proceeds of the sale will be used to pay off the failed institution's debts, including demand deposits (saving and checking accounts) which are held on the balance sheet as debts. Accounts payable, salaries owed, etc. There is a 'pecking order' in the bankruptcy code that determines the priority of who gets paid first.
Point is, the failure of a bank does not result in forgiveness of the loans owed to the bank. They will not just disappear, once the music stops playing they will end up in somebody's hand. And that somebody will try to collect.
Great job BB!
I think you’re exactly right that this is a completely losing narrative for democrats.
I’ve said for a long time that Trump has leveraged Biden through Hunter’s laptop that was “accidentally” left for the FBI to find.
Everything Biden does is a disaster for the democrat party. He’s a millstone around their necks and I’ve told people for a long time that they can’t remove him.
If they could they would have done it after the Afghanistan debacle.
Trump is directing a play and if you go way back to the democrat primaries you’ll see that after Biden lost the first three primaries very badly, Trump publicly picked a fight in the media with him personally which elevated him. Trump then began ignoring the other democrat candidates as he publicly fought with Biden sucking the oxygen out of the others campaigns.
Trump chose Biden.
Trump knew they would steal the election in 2020 and let them as they gathered all the evidence.
And now with democrats in control of the federal government minus the judicial branch, Trump is using Biden to destroy the democrat party while he’s off the stage.
They are taking the blame for everything bad happening and Biden is their face of the party.
We are witnessing the complete destruction of the democrat party and the big stuff hasn’t hit yet.
The democrat party will be thrown into the ash heap of history when this is done.
Just my opinion though
100% agree.
This is why it ultimately doesn't matter whether we're watching a more literal, controlled "movie" or the most expertly-plotted bit of Game Theory of all time.
The end result is the same.
Patriots are in control.
Great detail of the win-win situation brought to you by the acting administration.  am I the only one that giggled to themselves when this statement was made? Bravo for laying it all out in a reasonable manner for all to see... 💞
Problem is, Biden plans to do this by executive fiat. No need for Congress to play a part. Unconstitutional, of course; but that would require a court ruling, which in turn requires a plaintiff with 'standing.' Biden plans to make sure that nobody can sue, because there is apparently some precedent that taxpayers do not have standing to sue respecting federal spending...
edit -- add link: https://thehill.com/opinion/judiciary/3622339-college-loan-forgiveness-plan-reveals-bidens-constitutional-cynicism/
"Biden" isn't Biden anyway. :)
We maybe can’t sue but we can kick their butts out of there.