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Message Subject Stock Markets about to crash? Derivative markets contracting
Poster Handle Anonymous Coward
Post Content
I'll put it to you this way OP. Think about what FDR did when he banned the public from owning gold. He told them to bring in their one ounce gold eagles for a nice crisp new $20 bill. And it didn't seem like a bad trade to folks, after all, gold was worth $20 per ounce. But then when he had gotten all of the dupes to bring in their gold, and he had given out a ton of new $20 bills, they revalued that gold to $34 per ounce overnight.

Meaning, every man, woman, and child that had brought their gold in had just been taxed 40% overnight!

But the currency was still backed by that gold...

Then in 1971 Nixon took the U.S.A. off of the gold standard (illegally).

They are fixing to do the same exact thing FDR did, but this time they are going to do it in reverse. They are going to tax you through your paper. Bring in $200 of your old fiat currency for $100 of the new gold/commodities backed currency! Meaning they just taxed you 50% again overnight...

Meanwhile, they will own 90% of the metals and commodities used to back the currency...so they will reap the benefits...
 Quoting: Saddletramp


I guess in your time frame the inflation has occurred and the Fed has fucked over the average person and it gonna continue to happen. Just gotta learned how to not get fucked by Bernanke's paper wang.

odance
 
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