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President Lincoln saved taxpayers four billion dollars...how can we do this in 2013?

Discussion in 'Economics & Trade' started by DennisTate, Apr 20, 2013.

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  1. DennisTate

    DennisTate Well-Known Member Past Donor

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    Exactly!

    I just got back a truly brilliant elaboration on this from over in another discussion:

    http://www.politicalforum.com/showthread.php?t=381946&page=2&p=1065142933#post1065142933

    Default Large churches in democratic nations should print their own currencies.
    .....

     
    DennisTate, Jun 29, 2015
    #51
  2. DennisTate

    DennisTate Well-Known Member Past Donor

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    So true...… and just this morning I read about how my own province, Nova Scotia, Canada, was indirectly involved in setting the stage for the Civil War??!!


    http://www.politicalforum.com/polit...olution-defense-enforcement-constitution.html

    Our Lawful And Peaceful Revolution - Defense & Enforcement of the Constitution.

     
    DennisTate, Oct 2, 2015
    #52
  3. DennisTate

    DennisTate Well-Known Member Past Donor

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    Based on this blog......
    it seems that President Lincoln was partly Jewish.

    Abraham Lincoln's Jewish Ancestors from Lincoln, England

    Nadene Goldfoot

    .http://blogs.ancestry.com/cm/2012/1...xid=56491&o_lid=56491&o_sch=Content+Marketing
     
    DennisTate, Jul 30, 2016
    #53
  4. Longshot

    Longshot Well-Known Member

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    Yep, that's why governments always try to appropriate and monopolize the monetary system.

    Which is why I trade away my US dollars as soon as I receive them for real assets. Holding paper dollars is a suckers game.
     
    Longshot, Jul 30, 2016
    #54
  5. Longshot

    Longshot Well-Known Member

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    Limited? How would wealth be limited by choice of money? That makes no sense. The wealth would still exist no matter what people used as money.
     
    Longshot, Jul 30, 2016
    #55
  6. Ted

    Ted Banned

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    interesting, so all of your money is in gold and stuff like that and you expect that it will grow faster than stocks?
     
    Ted, Jul 31, 2016
    #56
  7. Longshot

    Longshot Well-Known Member

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    I have only a very little amount of US currency. As soon as I acquire them, I sell those dollars for other goods and services.

    I don't have much gold, but I do use US dollars to buy other more permanent and durable assets.

    Holding dollars is a suckers game.
     
    Longshot, Jul 31, 2016
    #57
  8. Ted

    Ted Banned

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    can you tell us what assets you like??
     
    Ted, Jul 31, 2016
    #58
  9. Longshot

    Longshot Well-Known Member

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    Sure. Real estate, gold, silver, tools, guns, beer, food, books, technology, and gas. Probably other stuff I forgot, so forgive me.
     
    Longshot, Jul 31, 2016
    #59
  10. TedintheShed

    TedintheShed Banned

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    I do guitars as well.
     
    TedintheShed, Jul 31, 2016
    #60
  11. DennisTate

    DennisTate Well-Known Member Past Donor

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    If a significant percentage of a population is under employed
    or unemployed....... and if a better type of monetary policy could
    result in most of those people becoming more productive.... then
    the amount that they were able to produce during their lifetime....
    is in a sense capped by a flawed monetary system.
     
    DennisTate, Aug 10, 2016
    #61
  12. Ted

    Ted Banned

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    people become more and more productive thanks to new inventions. Think of a farmer 1000 years ago and a farmer today? Do you understand?
     
    Ted, Aug 12, 2016
    #62
  13. DennisTate

    DennisTate Well-Known Member Past Donor

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    True..... but another type of productivity is to
    finance a different part of the economy other than
    what was being produced in USA factories a decade or two
    or three in the past.

    Matthew Fox Ph. D., author of "Coming of the Cosmic Christ" felt
    that various forms of art.....was one way to employ the millions of
    people who would be put out of work by increases in technology.
     
    DennisTate, Aug 13, 2016
    #63
  14. Ted

    Ted Banned

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    farming inventions and factory inventions are in effect identical. make sense?
     
    Ted, Aug 13, 2016
    #64
  15. DennisTate

    DennisTate Well-Known Member Past Donor

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    True... unless the farming inventions set up USA and Canadian agriculture for a boycott by
    about half of the world's major economies?!?!


    http://thefutureoffood.com
     
    DennisTate, Aug 19, 2016
    #65
  16. Ted

    Ted Banned

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    can you tell us what your point is???
     
    Ted, Aug 19, 2016
    #66
  17. Ted

    Ted Banned

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    dumb to worry about it. farm plow technology put 99% of the planet out of work 10000 years ago and still employment is 95%!! Do you understand?
     
    Ted, Aug 19, 2016
    #67
  18. DennisTate

    DennisTate Well-Known Member Past Donor

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    One part of my point is that exceptionally successful sales people......
    may earn huge salaries and commissions at the same time
    that they set the stage for a significant devaluation of the USA dollar.........

    If dozens of nations boycott terminator seed technology and many other types of GMO
    ..... the value of the dollar could be put at risk.......

    I gave one possible alternative here:

    http://www.politicalforum.com/polit...-could-utah-state-dollar-save-usa-dollar.html
    Could a Utah State Dollar save the USA Dollar?
    Have you seen any of the following films:

    1. The Future of Food
    2. Food Inc
    3. The World According to Monsanto.

    If so..... then you know that the USA dollar to some degree is linked to and backed up by a plan to control the world's production of food in such a way that could eventually produce global famine.


    "George Soros says that America must give up the dollar and accept world currency."
    http://www.examiner.com/article/geo...aggregation&fb_aggregation_id=288381481237582


    Back in 1994 I found out that President Lincoln had saved American taxpayers four billion dollars in interest payments and since that time I have been wondering what alternative was available to improve monetary policy that would not scare the investors on Wall Street.

    A Utah State Dollar could perhaps be the answer!????!!!

    - - - Updated - - -

    I realize that the economy will transition.....
    but it is possible to get prepared for the shift.....
    and make it less painful in many ways for thousands of people.

    Remember how so many formerly wealthy people committed suicide after the crash of '29?
     
    DennisTate, Aug 19, 2016
    #68
  19. Ted

    Ted Banned

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    actually dear, devaluation is based on monetary policy not successful sales people. 1+1=2

    - - - Updated - - -

    the world has billions not thousands and only the free market can easily handle billions. Do you understand??
     
    Ted, Aug 19, 2016
    #69
  20. DennisTate

    DennisTate Well-Known Member Past Donor

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    True.... but if successful Monsanto sales people......
    and BigPharma sales people......
    take the North American economy in a direction that is actually obsolete......

    other nations might take the lead......
    and catching up might be much harder than we tend to imagine......

    For example.. .notice what happened when Nissan, Toyota, Honda and other foreign
    cars began to compete with the Big Three?
     
    DennisTate, Aug 19, 2016
    #70
  21. Ted

    Ted Banned

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    very few actually and as a result of a market crash not technological change( our subject) so you were mistaken in bringing it up at all.
     
    Ted, Aug 19, 2016
    #71
  22. DennisTate

    DennisTate Well-Known Member Past Donor

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    In a way... .but technological change can put people out of work.....
    which can lead to a dramatic fall in income.....
    which is a part of what happened to those people who DID commit suicide in 1929.........

    I would love to get your reaction to this question:


    http://www.politicalforum.com/polit...tly-did-we-get-trillions-dollars-debt-if.html
    How exactly did we get to be trillions of dollars in debt if......
    The Federal Reserve actually pays back most of the interest payments
    that is generated by the loans that it makes to government??????
     
    DennisTate, Aug 21, 2016
    #72
  23. Ted

    Ted Banned

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    So too bad they didn't make a law against the farm plow and all farm technology. Then we'd always have 100% employment with 99.9 working with just the hope of survival. Do you understand?
     
    Ted, Aug 21, 2016
    #73
  24. Ted

    Ted Banned

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    We have fiscal policy and monetary policy. You don't know what either is. Econ 101 class one day one. $20 trillion debt comes from fiscal policy( taxes less than spending).
     
    Ted, Aug 21, 2016
    #74
  25. DennisTate

    DennisTate Well-Known Member Past Donor

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    But....... my Economics 101 and 220 professor never mentioned mentioned how
    President Lincoln saved American taxpayers four billion dollars in interest payments.............

    Most supposed experts would point to The Weimar Republic of Germany....... or perhaps the
    failed monetary policy of Zimbabwe to argue that bad monetary policy causes inflation......

    but I would argue that The Weimar Republic was burdened with War Reparation payments at a time when
    their economy was geared to warfare........ not consumer products.......

    and.... .the culture of corruption in the group of people who took over in Zimbabwe..... doomed their
    economy to hyper-inflation.........

    and....

    I stand by my assertion from back in 2006...... that phenomenally unwise central banking policy is
    the NUMBER ONE CAUSE OF INFLATION HERE IN CANADA SINCE 1974..... especially when compared
    with the brilliant monetary policy used from 1940 to 1973?!


    www.BankingSystemFlaws.blogspot.ca/



    When well trained workers have high quality technology to work with then the total of all wages and benefits paid out to employees is only a fraction of the retail value of the products they produce. As a result of this fact the only way to move products out of warehouses is to extend higher and higher levels of credit. One problem with an abundance of red ink is that compound interest on all this government, business and personal debt over a period of decades will grow to astronomical levels. At this time there is approximately TEN TIMES as much debt in Canada as there is money. A simple explanation for how this happened can be seen here:
    http://www.michaeljournal.org/plenty34.htm

    In my opinion this rather simple mathematical problem is perhaps the number one cause of inflation in the Canadian economy over the past three decades. This is also perhaps the number one reason why our costs of production are so high and Canadian products cannot compete on the world markets as well as they could under better conditions.

    From 1940 to 1970 the Government of Canada put roughly half of the total money supply into the economy through loans issued through the federally owned Bank of Canada. Provincial and municipal governments could borrow the money to build roads, schools, hospitals and sewage treatment facilities at zero or one percent interest. In 1970 we changed our system and since that time a higher and higher percentage of all government debt is financed through loans issued through privately owned banks. At this time it is ninety eight percent. This policy may be great for our banking sector but it was estimated that in the one year of 1995 alone our federal government could have saved roughly SIXTY FIVE BILLION DOLLARS in interest payments if we had gone back to creating half the total money supply through these low interest rate loans issued through the bank that is OWNED BY ALL CANADIANS.

    Considering that our deficit was approximately thirty billion dollars for that year, simply by changing back to an already proven monetary and banking system, we could theoretically have had a FEDERAL BUDGET SURPLUS OF THIRTY FIVE BILLION DOLLARS in 1995.

    The massive cutbacks in the Canadian military, in health care, highway construction, social programs and education were profoundly affected by these accounting practices?
     
    DennisTate, Aug 23, 2016
    #75
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