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The Chip Board Archive 23

NCR BankNote - Hope and "Change?"

Are we flirting with absurdity? Talk of minting a one trillion dollar coin creeping into the news seems to be an attempt to soften up the American people on an absurd idea. What’s the difference in a one trillion dollar coin and a our current money? Not much. Fiat currency has no real value, only trust that it is valid and redeemable. Pushing the denomination to unrealistic heights only stretches that trust beyond the breaking point of logic. Debasing the currency has disastrous effects, just look at Zimbabwe. What is the difference between a one trillion dollar coin and a treasury note? Nothing. It is simply a financial instrument, or IOU by the government. A new instrument, coin, or note does not change the fact we are in huge debit. Debit, that Washington refuses to deal with. It is time to stop running America on the Federal Reserve Bank MASTERCARD. We hit our credit limit then simply have the limit raised and begin spending again.

Money represents a unit of goods and services, changing the ratio of dollars to goods and services is cheating the rightful owner of those things. It is legalized theft. That is why the banks and governments have tilted the playing field, it is a silent tax. The evidence is the growing disparity between the rich and poor, squeezing the middle class like an hourglass. Is it time for America to ‘man-up’ or become like Zimbabwe?

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NCR BankNote - Hope and "Change?"
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Mike-If I get a heart attack I'm coming after U grin
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