>The new FDR administration embarked on several currency reforms including removing the dollar from the gold standard and switching to purely fiat currency. In addition the administration retired paper notes greater than $100 in denomination. This included the $500 bill, which depicted President William McKinley, the $1,000 bill, depicting President Grover Cleveland, the $5,000 bill, depicting President James Madison, and the $10,000 bill, depicting President Woodrow Wilson. None of these large denomination notes were significantly missed since they were seldom seen in general circulation and were most often limited to inter-bank transfers. Since 1934 the $100 bill has been the largest US unit of currency in circulation and accounts for 70% of all paper notes the government prints annually.[9]
I fucking Hate FDR.He's at least in the top 10 list of Worst Presidents
>>489066421When did you have time to study US presidents between all the murdering and anal sex?
>>489066421FDR was one of the least Russophobic presidents , niggerthough if he didn't exist, Americans would have starved and have a revolution, so he did kind of save the ZOG from itself
>>489068914He was Jewish, of course he was friendly toward Russia.
The absolutely unironically silly part is that at this point the debt obligations are so vast that to print it would require impossible levels of paper printing. The dollar going digital only made things exponentially worse.
>>489069855Jews of course hate Russia in real life, that is why they hate Putin and support Ukraine
Theres a reason why FDR did this too. Would u like to know? (In depth explanation of jews)
After Hitler expelled the money changing kikes trying to financially short the entire country of Germany, he issued real money made of silver (which jews hate [because its burns their flesh {due to the oligodynamic effect}]) which stored the value of the German labor outside of any jewish network banks. This caused their prices to almost double, allowing the Germans to exchange 10 Rm for $4, which granted them more silver to melt into Riechsmarks that they could then re exchange for more and so on. In 1935 the silver dollar was discontinued and several years later a debased silver coin im the form of the war nickel appeared as a means of appeasing the public and denying tnat any silver shortages were possible. DeGaulle of France did the same thing with gold a few decades later.
The hilarious part is that the public overwhelmingly did not comply with the order demanding people give up their gold. Safety deposit boxes were raided ans cash waa left in its place (kek) Crypto is digitally censorable and deletable, its as unsafe as a safety deposit box because ultimately crypto is a loan from you to the jews, they claim to hold the cash as liquidity, but in reality itngets reinvested into jewish nigger chinese bullshit with poojet scammers.
>>489066421FDR's interesting, he's the closest America got to a socialist President (who's really REALLY into Fascism, Italian Fascism that is)
>>489066324
>489072383Shutup jew nobody cares what you have to say or lie about because genetically speaking, you are half streetshitting poojeet and half nigger: This is the genetic make up of a pure jew
>>489069855jews hate Russia because Nicolas II saved the population from jewish tyrants.
kekfrom gold-backed to debt-backed
>>489066421Like we care what your jungle monke self thinks of us?
Frederic Delano (FDR's uncle) was on the first board for the Federal Reserve (created in 1913), which promised to back each $1 Federal Reserve Note that it issued with 40 cents of gold. 20 years later in 1933, his nephew, President Franklin Delano Roosevelt (FDR), made Federal Reserve Notes no longer exchangeable for gold and also confiscated every citizen’s gold over the $100 maximum amount allowed. How convenient.Bait and switch at its best.Pic relatedThis is who is destroying America and making it look like shit to the rest of the world. The US needs to be the first to nationalize or abolish their debt-based, fractionally-reserved central bank.
>>489066421You’re 100% right
>>489066324I thought the $10,000 bill had Salmon P. Chase on it
The debt-based Federal Reserve (the Fed) and the IRS were both created in 1913.The new IRS conveniently forced everyone to use their new Federal Reserve Notes to pay their new US Federal Income Tax.The Fed was supposed to stabilize the US currency by backing every Federal Reserve Note (FRN) issued (TO BUY US TREASURIES) with 40% gold (40 cents of gold for each $1 FRN issued).In 1933, everyone’s gold was confiscated by the Treasury (except $100 worth/person) b/c the Fed convinced US Pres FDR that Americans were hoarding gold and they were forced to trade their gold in for $20.67/troy oz. Federal Reserve Notes were also now no longer exchangeable for gold.In 1934 the Gold Reserve Act allowed FDR to establish the gold value of the dollar solely by proclamation and raised the exchange rate to $35/troy oz, extracting wealth and value once again from the American public.In 1944, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) were formed at the Bretton Woods Conference.In 1958, Bretton Woods pegs all foreign currencies to the dollar, and the dollar pegged to gold at $35/troy oz. Debt-based Central Banks under the BIS pop up all over the world to facilitate the Fed and the BoE in their check kiting, fractional reserve, debt-based central-banking ponzi.In 1971, Nixon depegs the dollar to gold entirely, making the US currency free-floating fiat, which completely negated the original Federal Reserve Act of 1913, which was to back each Federal Reserve Note issued with gold.In 1974, Pres Ford legalizes gold ownership again without limitation. The Federal Reserve and its biggest shareholders, the NYFed’s primary dealers, for the next 50 years and up to today, continue to issue our currency out of thin air, while charging us interest to do so. Rewarding insolvent, failing banks and investment firms using QE and taxpayer money over and over again, acquiring assets during crises, while rigging global markets.
<<<----the insolvent Federal Reserve franchises are now using their uncollateralized fiat to hide their capital lossesWe need to make a law that ONLY debt-free US Notes are issued for deficit spending.It is very simple:we can right now, today, legally ONLY issue US notes for deficit spending, only to be used in the USwe can do this until we have our debt under controlthen we can slowly phase out the private federal reserve franchisesno needed debt to create our own currency
<<<<---This is the running tally just for the US Intragovernmental Debt. These ‘unfunded liabilities’ include Medicare (~70% of picrel) and Social Security (~25%) and Disability (~5%).$152 TRILLION (US taxpayers paid $237 Billion in interest on this debt in FY 2024 ALONE). This is the amount that is owed out, as of today, based on what was received in (mostly) payroll taxes.THIS DOES NOT INCLUDE the ~$35 TRILLION in Marketable Debt that the public is always bitching about (US taxpayers paid $896 B in interest on this in FY 2024 ALONE).So, the running tally for US currency borrowed from the NOW-INSOLVENT private Federal Reserve's debt franchise is ~$187 Trillion. $187 fucking TRILLION.https://fiscaldata.treasury.gov/datasets/interest-expense-debt-outstanding/interest-expense-on-the-public-debt-outstanding#data-table
>>489066324He also repossessed gold from American citizens. Buying them at prices he thought was fair. It would have be illegal to refuse.
>>489075643pic related:US taxpayers paid $237 Billion in interest on this Intragovernmental Debt in FY 2024 ALONEandUS taxpayers paid $896 B in interest on this Marketable Debt in FY 2024 ALONE
>>489075116been learning about how this debt scam works recently. from a thread few days ago I was told that debt is just a tracker to balance economic growth with inflation and there is no reason to be in a surplus of fiat currency when you run the world. where would you take issues with that statement?
>>489075944>I was told that debt is just a tracker to balance economic growthlolgood onealmost as good as pic relatedthey are also bandying about a "permanent primary deficits" modelanything to normalize their insolvency
>>489075944>there is no reason to be in a surplus of fiat currency>fiatsome pasta for new anons:'fiat' isn't the problemWHO IS ISSUING the 'fiat' IS THE PROBLEM and that the Fed's private fiat IS INTEREST-BEARING is the fucking problemFIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCEFIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBTUS Gold Notes and US Silver Notes are metals-backed, NON-fiat notes issued by the US TreasuryUS Notes are interest-free, fiat notes issued by the US TreasuryFederal Reserve Notes are debt-based, fiat notes issued by the private, incorporated Federal ReserveThey are ALL DENOMINATED IN US DOLLARS (aka $US), which is a fucking UNIT and is NOT ISSUED.
>>489075944>just a tracker to balance economic growth with inflationDeflation and inflation and other economic terms are FUCKING MEANINGLESS when one class of persons HAS FIRST ACCESS TO and IS BEING PAID FOR the issuance of any newly-created currency. Money does not mean the same thing or have the same scarcity (or have the same value) for all persons in the economy. As some do not earn their money (via real productivity), money is more liquid and less valuable for them, as they have exclusive first-access to the newly-issued currency and they also decide TO WHOM it is allocated via our current debt-based NYFed primary dealer financial system.As long as we have a cartel of private banks getting paid to issue the currency, the FEDERAL RESERVE NOTE will lose EVEN MORE value for those of us that truly do earn it via productivity.IT IS THOSE OF US WORKING that choose to prop up this class of parasitic, skillless invalids debauching our currencies worldwide via the Federal Reserve and its increasingly-worthless private currency, the Federal Reserve Note.
>>489076583>Deflation and inflation and other economic terms are FUCKING MEANINGLESS when one class of persons HAS FIRST ACCESS TO and IS BEING PAID FOR the issuance of any newly-created currency.<<<<<<---put another way
>>48907453333.This!
>>489076447so fundamentally, if america can keep growing, there is no reason for this system to fail? it's kicking the can down the road, but a very long road? or is collapse imminent?
>>489076247also iirc, this paper also said if BTC were to continue on, then the government would have to balance its budget and BTC would eventually got to zerolel
>>489076950we need to stop borrowing our own currencyit isn't more complicated than that
US taxpayers paid the IRS $562 Billion in interest alone in fiscal year 2021 to borrow the Federal Reserve’s debt-based currency out of thin air in the form of bond debt$562 billion($562,000 million)Pic relatedHow it is:>US government needs currency >US Treasury prints up some bonds>NY Federal Reserve creates Federal Reserve Notes out of thin air and its primary dealers then buy said bonds from US Government>US government now has new currency created out of thin air by Fed banks>Now, US taxpayers owe interest (and principal) on said US bonds, as well as paying a fee to the NYFed’s shareholders, the primary dealers (the big banks), this is the ‘Public Issues’ portion of the US Public Debt How it should be:>Congress makes annual budget>Tax revenues are collected and any budget shortfall (deficit) is then new debt-free US Notes issued by the US Treasury itself, no bonds needed, no US Public Debt to issue our own currencyAre Americans ever going to realize this fraud?>when a generation sells the futures of their country and their offspring for unsustainable and lavish wealth and their offspring are too stupid to realize it
>>4890768693 pagan trust bankruptcies….Look at how the bankruptcies line up with the main historical bullet points.
‘Investing’ is just the embedded Federal Reserve Uniparty further bankrupting the US by putting their private fiat Federal Reserve Notes back into their own debt-based system via the treasury market.The irony in a debt-based central bank and its debt-based private central bank currency is that each ‘saver’ that thinks they're investing in their nation by purchasing treasuries, are actually bankrupting it with debt.Yields are now rising b/c the supply of US treasuries is increasing, bids for them are decreasing and the demand for treasuries is ALSO decreasing. This rise in yields even further bankrupts the US Treasury and everyone thinks the rise in yields is b/c of an investment boom. This is how stupid people are today. lolThen to make matters worse, the Treasury is also now consistently BOTH buying and selling treasuries ITSELF, just like the Fed's QE programs, creating even more artificial demand, which then further skews the true value of the bond market and the price of money itself.With a red sweep, we will be able to see the Federal Reserve Uniparty in full view. Constant gridlock in Congress has concealed the true power of the Federal Reserve Uniparty.Don’t forget the right had prior full control for at least a year under Trump and passed NOTHING in regard to the INSOLVENT, private Fed franchises that are now bankrupting the US Treasury for every last dime they can get (mostly the NYFed). The Fed has only grown more insolvent and OUR DEBT HAS FUCKING DOUBLED IN THE LAST FOUR YEARS AND TRIPLED IN TEN YEARS.this is how stupid people have become
>>489076869
>>489077108Wait until US taxpayers figure out that the payroll taxes collected for social security, medicaid and unemployment are then used to purchase specially-issued, non-marketable US treasuries (aka Government Account Series) and THE US TAXPAYER IS THEN CHARGED INTEREST ON THESE US TREASURIES BOUGHT WITH THEIR PAYROLL TAXES. This is called the Intragovernmental Debt and is included in the US Public Debt. The interest that we pay on Intragovernmental Debt is in the left hand column in pic related and the other interest paid to borrow the Federal Reserve’s currency in exchange for US Treasury debt (these are called Public Issues —-aka Debt Held by the Public) is in the right hand column of pic related and detailed in >>489077108Pic related is total interest paid on US treasuries for FY 2022 to borrow the Federal Reserve’s private currency in the form of bond debt (Debt Held by the Public + Intragovernmental Debt = US Public Debt)$718 BILLION in interest paid$718,000 MILLION in interest paid$718,000,000,000 in interest paid to issue their Federal Reserve Note out of thin air in the form of bond debt in FY 2022
>>489077817<<<——$882 Billion in interest paid in fiscal year 2023 (FY 2023) to have the NYFed's primary dealers issue our currency out of thin air in the form of bond debt ($666B interest on $34T of Public Issues plus $216B interest on $123T of Intragovernmental Debt)$666B lol, can't even make this shit up
>>489077108so by eliminating the fed and issuing debt free currency when there is a deficit, congress is much more incentivized to run on a surplus?
>>489077875>congress is much more incentivized to run on a surplus?what?i don't even know what you mean thereit isn't that hard:no debt for deficit spending
The NY Fed's Quantitative Easing (QE) counterfeiting scheme:NYFed buys treasuries (and MBSs) outright from (only) NYFed primary dealers by creating reserves out of thin air, which seditiously undermines Congress’ sole power to regulate our currency. This is QE.NY Fed’s primary dealers then take those reserves and earn Interest on Excess Reserves aka IOER (now called IORB) on them at the NYFed, interest which IS PAID IN CASH to the primary dealers--cash, which they DO MAKE INTEREST ON, this is their counterfeiting scheme (also, every penny paid in interest (cash) to the primary dealers for excess reserves also reduces the Fed’s remittance to the US Treasury).The NYFed used QE to bail themselves out during the financial collapse of 2008 and is how its primary dealers have been effectively counterfeiting our currency ever since.
>>489077875yeah so there would be inflation when you print the money to cover the deficit, and then next year you would have to decrease spending to keep the inflation under control
>>489077959>>489077875
wtf am i doing lmao>>489077959>>489078236
there are FOUR ways currency is created in the US:1 Congressionally-approved Public Issues treasuries for deficit spending via the issuance of marketable US treasuries by the NYFed’s primary dealers aka Debt Held by the Public (now ~$35 T), as seen here >>4890771082 Intragovernmental Debt GAS securities (aka ‘Unfunded Liabilities’) that are created/issued for currency to run public agencies (over $152 T now) and ARE PURCHASED WITH YOUR PAYROLL TAXES, as seen here >>4890778173 The commercial tier 2 depository banking sector, it makes small loans in which only the interest remains in the banking system after the loan is paid back (the principal and repayments are destroyed when the loan is repaid) —this can remain when the Fed is dissolved4 QE, this is fucking counterfeiting by the NYFed's primary dealers since 2008 via IOER (now called IORB) and we pay all sorts of interest on this, increasing every day with raising rates as seen here >>489078229 and in pic rel
>>489078236how about we have no deficit?How about that?update pic related to add another ~$4T
>>489077391Yes!The debt was obtained via fraud continually up to this very day.
>>489078852or under duress of orchestrated crises, especially 2008
>>489076583>IT IS THOSE OF US WORKING that choose to prop up this class of parasitic, skillless invalids debauching our currencies worldwideThis. General strike stops it all but everyone would rather try to beggar their neighbor for scraps. Evil rules this world
>>489079564The now-bankrupt Federal Reserve franchise collateralizes their worthless Federal Reserve Notes with US treasuries (aka securities).The 12 Fed franchises are now bankrupt and don't have enough collateral to request more fiat. It is being suggested now to take regional Fed shareholder capital or even regional Fed owner’s assets to back their worthless Federal Reserve Notes under Section 2 of the Federal Reserve Act. Every uncollateralized Federal Reserve Note being issued today is a lien on the assets (and shareholder capital) of the now-bankrupt NYFed's owners, including its largest owner, JPM.How is JPM making record profits when the NYFed's private franchise ITSELF is ~$120B in the hole?Why is JPM still being paid dividends when the NYFed is insolvent?When money replaces actual success, only the sleazy will be rich.
>>489080182>How is JPM making record profits when the NYFed's private franchise ITSELF is ~$120B in the hole?also note the NYFed only has $12B in capital lol
i have to work out bb in 30 if you anons are heremy thread is ready also for that paper i have been talking about
<<<---also
>>489066421>>489066324>>489068914>>489067776I'm sick of fiat and the federal reserve I'm thinking of switching to silver, brics, and buttcoins
>>489066324Why are you copypasting Wikipedia articles here?It glazed over the worst aspect of it, gold confiscation and the end of Gold Certificates
The NYFed’s primary dealers and their ilk want to tokenize all asset classes so they remain in a top, untouchable tier of shareholders that takes no risk and always gets paid.pic related: JPMC is JPM, the largest owner of the NYFed private franchise The NYFed-ilk BlackRock and Citadel have just opened a new exchange in Texas, where there are no capital gains on metals.So, they are likely looking to have some con that involves switching from one asset class token to another (from treasuries tokens to MBS tokens to metals tokens) via blockchain asset tokens, then leaving with their gold assets with no capital gains.These asset tokens would also allow fractional ownership, so they can fleece even the poorest investor.central banks are now acquiring gold to back their own currencies, NOT to convert from gold to digital, but to give them a seat at the NYFed/BIS/IMF TOKENIZED ASSET tablethe global pie is getting bigger for these classists, as they sell each of their own nation's future productivity, making the domestic pie much smaller for each citizennow going to work out
>>489076869More fake quotes puts his whole thread at he level of useless bullshit.The terms inflation and deflation were UNKNOWN in the use of economics in Jefferson's time.
mid work out bump
>>489083930whats the consensus among economists about the fed
>>489066324nobody wanted a one thousand dollar bill we wanted to fix inflantation
>>489084332these people are not coming out b/c they want a fairer money systemthey are now bitching b/c they are no longer able to fleece iteven in their joke-of-a-discipline economics papers they never give up the real info, like the private US Treasury Cash Management Bill auctions they have been havingthey never directly outline the con, they just pussyfoot around it, while crying that they will rise up if the Fed doesn't do what they want (which in this case is for the NYFed and Treasury to stop interfering in the treasury market b/c they're no longer profiting from frontrunning QE/QT)pic rel another examplenow the US Treasury is buying and selling treasuries, too, on its own
The NYFed and Yellen are quietly bankrupting the country. The more debt-based treasuries issued/sold, the more they increase the US debt and bankrupt the nation.$2.523 TRILLION in US Treasuries were issued in JUST JANUARY 2024 alone:CASH MANAGEMENT BILLS (pic rel as example for source)6 week $363 BBILLS4 week $403 B8 week $416 B13 week $295 B17 week $287 B26 week $268 B364 day $48 BNOTES2 year $59 B3 year $105 B5 year $60 B7 year $40 B10 year $78 BBONDS20 year $12 B30 year $45 BFLOATING RATE NOTES2 year $27 BTIPS10 year $17 BTOTAL for currency borrowed/treasuries issued in January : $2.523 TRILLIONWe are now issuing treasuries to pay interest on treasuries.We can no longer afford the Federal Reserve Note or the NYFed's securities casino.Just added up the US Debt/currency issuance for February (~$2.335 T), March (~$2.133 Trillion), April (~$2.192 Trillion), and May (~$2.262 Trillion).
>>489072383>FDR's interesting, he's the closest America got to a socialist President (who's really REALLY into Fascism, Italian Fascism that is)FDR arrested fascists, was a whore to bankers, and filled the nation with communist Jews
<<<——-this is just for 2022, 2023 is just as badthese Cash Management Bills (aka CMBs) were only rarely used (except around 2008), maybe three or four times a year or lessthey were announced in a notice by themselvesthey were considered emergenciesand what makes these even worse is only the institutional rich can purchase them, so they just increase the inequality and the inflation and give this money to the 2008 failures (now on QE steroids) that are in charge now It has been like this since Feb 2020
>>489085420>2023 is just as bad
I wished they still had bills Larger than a 100 Would make storing my cash so much easier (instead of having big wods or bills just use several bills
>>489074533So you want BTC to be the standard? Because gold is heavy and cannot be used online for your Amazon purchases.
>>489085810i never said that
>>489085810>gold is heavy and cannot be used online for your Amazon purchases.lolbut the Fed promised they would pay your treasury yields in tax free gold!
>>489073169Nicholas did not his job good enough then, but being fucked by you pesting the Kaiser wasn’t great either.
<<<---lololWhy is financial journalism blatantly ignoring the slow and steady bankruptcy of our nation and the debauchment of our currency? Why are we borrowing our own currency from the private Federal Reserve franchise, as it has been officially bankrupt since Oct 2022 (mostly the NYFed)?Why doesn't the US Treasury issue our own interest-free currency for deficit spending, aka issuing fiat US Notes? This is what the fiat US Note was intended for, to facilitate commerce, not to enrich the private banking franchise entrusted to issue the currency by hiding their insolvency. If you want investments, go gamble in the stock market. Currency should be a utility that works for the people, currency should not be not an interest-bearing debt.
>>489085810>cannot be used online for your Amazon purchases.i don;t buy things online like that
The Federal Reserve Act of 1913 says it will back each $1 Federal Reserve Note in circulation with forty cents of gold.They don't do this.The Federal Reserve Act of 1913 says that bankers are to be held personally responsible if they fail.They are not.The Federal Reserve Act of 1913 says if a Fed bank is insolvent, it is to become the property of the US.It doesn’t.The Federal Reserve Act of 1913 says that insolvent Fed banks shall forfeit their shares in their Regional Fed.They don’t.The Federal Reserve Act of 1913 says that it will use its profits to supplement the gold reserve and pay down any US debt.It definitely doesn’t do this. LOL PIC RELATEDThe Federal Reserve has 3 mandates —people now only talk about the dual mandates, which are stable prices and low unemployment—the third mandate is to keep long term interest rates constant.They don't do this. The Federal Reserve Act of 1913 says that the Fed will maintain parity of all forms of legal money issued by the US and strengthen the gold reserve.They don’t do this.The Federal Reserve Act of 1913 says the Fed Board will audit Fed banks at will.They don’t do this.The Federal Reserve Act of 1913 says its by-laws are not to violate US law.They do.The Federal Reserve Act of 1913 says that Fed banks cannot discount stocks or commercial paper.They do.The Federal Reserve Act of 1913 says each Fed bank will maintain a surplus fund from its profits, up to 40% of its paid-in capital stock.They don’t do this.The Federal Reserve Act of 1913 says the Fed Board will supervise Fed banks.They don’t.The Federal Reserve Act of 1913 says Fed banks will publish complete details weekly of their assets and liabilities, as well as the nature of their transactions.They don’t do this.The Federal Reserve Act of 1913 says the Fed is required to write off worthless assets on its books.It doesn’t do this.and
>>489088173andThe Federal Reserve Act of 1913 says it is to have reserves in gold equal to 35% of its deposits.It doesn’t do this.The Federal Reserve Act of 1913 says it will maintain a gold account at the Treasury.It doesn’t do this.The Federal Reserve Act of 1913 says the Fed’s franchise will be forfeited if they violate law.It is not.The Federal Reserve Act of 1913 says that Federal Reserve Notes will be redeemed for gold.They’re not.The Federal Reserve Act of 1913 says Fed bank owners will be held responsible for all regional Fed bank operating expenses, debts and contracts.They aren’t.The Federal Reserve Act of 1913 says Fed member banks will not repurchase US treasuries that have maturities greater than six months from their date of purchase.They do.The Federal Reserve Act of 1913 says US Treasury yields are to be paid in tax-free gold.They aren’t.Gold is mentioned 53 times and on 11/25 pages. The word gold is littered throughout the Federal Reserve Act of 1913, basing one promise after another on GOLD. It was the ONLY reason the legislation passed.The Federal Reserve Act of 1913 says the Federal Reserve will not pay any income tax, its shareholders will receive a 6% dividend or the yield on a US 10-year treasury (whichever is lower) and also to have all their travel expenses paid.They did manage to uphold these parts of the Federal Reserve Act of 1913.Why do we have a Federal Reserve again?A thread for the above:https://archive.4plebs.org/pol/thread/378535945/#q378535945>>>489086829 lol
>>489085701Governments as a rule don't like large denomination currency because it smacks of Third World/Argentina inflation and looks bad.
<<<--lol
>>489089159<<--then, the second time i tried
<<<<----this basically repeats what i wrote here>>489085152
>>489090063and here >>489085289
>>489066421explain how $1 (5 minutes worth of labor) can be backed by gold or silver without mining $1 worth of gold or silver
>>489066324>one thousand dollars
<<<--the Fed went from holding mostly non interest-bearing liabilities—cash in circulation—aka Federal Reserve Notes in circulation in 2007 to holding mostly interest-bearing liabilities today (liabilities of interest paid out to primary dealers (for IORB) and MMFs (for reverse repos))Also note that fiat notes (which are A FORM of ANY fucking national currency) are SUPPOSED TO BE A NON-INTEREST BEARING LIABILITY FOR A DEBT-BASED CENTRAL BANK.this is because FIAT NOTES are supposed to JUST BE A TOOL to facilitate commerce/trade, this is the fucking whole reason we hired the fucking Fed-- to provide a stable currency, lolololol, NOT to prop up the NYFed's primary dealers and their private securities LLC firms, but to stabilize DEPOSITORY INSTITUTIONS.
>>489090701Working Paper 30749 http://www.nber.org/papers/w30749 The US is now issuing treasuries to pay interest on treasuries.The Federal Reserve is now operating like a hedge fund, financing long term assets with short term liabilities.<<<——-The NYFed’s primary dealers benefit from BOTH LIABILITIES AND ASSETS of the Federal Reserve’s balance sheet, aka the SOMA (System Open Market Account).The NYFed creates reserves out of thin air and uses these reserves to purchase treasuries from its primary dealers (this is the asset side of the Fed’s balance sheet). The primary dealers then earn interest on these reserves (called Interest on Reserve Balances, aka IORB) at the NYFed (this is the liabilities side of the Fed’s balance sheet).
The current destruction and subversion of the United States by the Federal Reserve using:-QE to counterfeit our currency and undermine its value-MBSs to acquire land and buildings-Congressional Public Issues for deficit spending to destroy the futures of the nation and the youth-the Intragovernmental Debt system to skim off of GAS treasuries and the non-marketable government securities of US savings bonds, SLGSs (special securities issued for states and cities) and large government retirement funds such as the Thrift Savings Fund (managed by BlackRock), etc.-their repo casino to pawn treasuries and undermine long term investment-reverse repos to pay MMFs to NOT invest in the US economy-metal market rigging via paper contracts to keep the prices of silver and gold low-margin loans to fund risky hedge funds and family offices that endanger our global economy-FX market rigging to check kite at their other implemented debt-based central banks-the US taxpayer to fund the Ukraine war and steal its resources-their authority to undermine innovation in crypto-inflation to destroy the middle class-interest rate hikes to kill off more small banks-China investment to undermine the US and global stability-regional bank vulnerability to target entire sectors-its clout to protect its largest primary dealer, JPM, from prosecution for aiding and abetting sex trafficking at the highest levels of government, industry and finance-their Sect 13.3 emergency powers to misallocate capital, reward failure and acquire assets during their avoidable, engineered crises using SPV (Special Purpose Vehicle) LLCs-conflation of their increasingly-WORTHLESS Federal Reserve Note with the US Dollar (which is a fucking UNIT), thus destroying the value of a US Dollar on the world stage and threatening our global economy and national securityWe need to dissolve the Fed, nationalize its twelve regional Federal Reserve bank franchises and AGAIN ISSUE debt-free US Notes.
This is how a debt-based central bank destroys a nation, the Trojan horse is the Federal Reserve Note ITSELF:>Be NY Federal Reserve whose primary dealers are market makers for US treasuries>Zero allegiance to any nation; now bankrupt, unsustainable and treacherous>Issues US debt-based currency in form of Federal Reserve Notes, which are quantified in units of US Dollars>The NY Federal Reserve’s primary dealers CONFLATE their worthless Federal Reserve Notes with the $USD, while indebting ENTIRE nations and acquiring global assets into their private banking franchises, thus DRAWING IRE upon the United States >Russia invades Ukraine >Case-by-case, selective sanctions applied to Russia in the NYFed/BIS/IMF cartel’s SWIFT system (only allowing certain financial transactions to be cleared)>Other countries holding Federal Reserve Notes BECOME AWARE that the Federal Reserve can just freeze/seize any nation’s financial assets out of the SWIFT system ON WHIM now (just like they can NOW give their fellow banking failures unlimited FDIC insurance in the US kek)>In response to the NYFed’s selective sanctions, other countries begin to transact in their own currencies, further destroying the value of the already-overinflated Federal Reserve Note WHILE SIMULTANEOUSLY destroying the US Dollar on the world stage, right along with the US treasury market >Largest primary dealers (owners) of the NYFed have been investing in BOTH China and Russia ALL ALONG, as well as RIGHT NOWtl;dr:NYFed destroys the US Dollar by conflating it with their now-globally-devalued Federal Reserve Note, further weakening and subverting America economically, while simultaneously investing in other nations.The Federal Reserve Uniparty, debauching our currencies worldwide and spreading misery, while creating arbitrage:NYFed is the bossBIS is the agreementIMF is the wallet
>>489091284>I don't understand international banking>money is the devil
>>489091547said no one
>>489091547>international bankinglelThe NYFed runs the fucking planet, make no mistake about it.<<<——— the international banking cartel driving humanity into the ground>private owners of the NYFed, aka shareholders aka primary dealers>privately-incorporated company>market makers for US treasuries >used to be 46, now there are 24>Five-time felon JPM is the largestBehold, people! The failures of 2008 on fucking QE steroids.>24 nation-less financial corporations destroying the planet with national indebtedness, purposeful arbitrage and false scarcity<<<<----also, NYFed fulfilled its diversity requirement by adding a new Primary Dealer, ASL Capital Markets, owned by an Arab banker (a minority-owned business), been in business three years and now issuing our currency
>>489091668The Bank Of International Settlements (BIS) is the head of all debt-based central banks (and founded by JPM) and was created in 1930 under the Versailles Treaty to get money from Germany for all the nasty shit they did in WWI.The Federal Reserve and the Bank of England existed way before the BIS, the BIS morphed into their central clearing house and check-kiting hub for the first fractional-reserve, fiat, debt-based central banking schemes run in a few countries and then expanded from there to installing its central banks in over sixty countries. Pic relatedNote Iran, Iraq, Cuba, Syria, North Korea, Afghanistan, and Venezuela are NOT on the list lolNote China IS ON THE LIST>China begged to be in the basket of currencies under the IMF and BIS in 2015 and the yuan was finally used in 2017>only took the NYFed four years to get China bent over the table>DamnNote Ukraine is NOT on the list, as it was a 2014 freshly-installed regional NYFed bank branch, it was still on probation Russia is looking to get off the list.The NYFed is similar to a space ship in sci-fi movies that hovers over nations and sucks up all the resources, slowly orbiting the planet. Note that the NYFed and the Fed Board of Governors were just added as separate entities on this list>>489091547and please do fucking correct me where I am wrongplease do correct ONE FUCKING LETTER of my posts
>>489091783<<<---An India anon’s thread on the NYFed’s primary dealers:https://archive.4plebs.org/pol/thread/419352960/<<<<——this thread shows the SAME primary dealers in all of the debt-based central banks listed in the image in >>489091783, which reads just like the list of the NYFed’s primary dealers as seen in >>489091668
>>489091934>The NYFed is similar to a space ship in sci-fi movies that hovers over nations and sucks up all the resources, slowly orbiting the planet.<<<---one example of dozens
>>489092035>>The NYFed is similar to a space ship in sci-fi movies that hovers over nations and sucks up all the resources, slowly orbiting the planet.
>>489066324I have a $500 bill. Its from 1929 my house got robbed a few years ago and the thief didnt steal it because they thought it was fake.
>>489092073>>>The NYFed is similar to a space ship in sci-fi movies that hovers over nations and sucks up all the resources, slowly orbiting the planet.
>>489092122>>>>The NYFed is similar to a space ship in sci-fi movies that hovers over nations and sucks up all the resources, slowly orbiting the planet.
>>489092183>>The NYFed is similar to a space ship in sci-fi movies that hovers over nations and sucks up all the resources, slowly orbiting the planet.
>>489066421You're right but you're still a nigger.
>>489092239>>The NYFed is similar to a space ship in sci-fi movies that hovers over nations and sucks up all the resources, slowly orbiting the planet.i could go on and on
>>489092309>>>The NYFed is similar to a space ship in sci-fi movies that hovers over nations and sucks up all the resources, slowly orbiting the planet.
Why don't we just issue US Notes ONLY for deficit spending? US Notes BENEFIT THE CITIZENS and DO NOT ADD TO our current debt. They could also be digital, only to be used in the US. Why is this so difficult for Musk and Trump to understand? This is already legal.US Notes circumvent the need to borrow our currency from the Federal Reserve, that's why.Why do ALL of the proposed solutions to our debt only include the bankrupt Federal Reserve?Why is the interest never included in the deficit?B/c the Fed gets paid first by the IRS, as the NYFed is the US Treasury's operating fiscal agent, then what is left over from IRS revenues, the NYFed deposits into the Treasury General Account (aka TGA).IOW, the fucking interest IS PAID FIRST AND NEVER ON THE DEFICIT CHOPPING BLOCK.
>>489092490Why do all of the proposed solutions to the debt and deficit spending only include the bankrupt NYFed?1 more congressional Public Issues and Cash Management Bills for deficit spending uses the NYFed's primary dealers to buy that new bond debt2 US Treasury buybacks of treasuries from NYFed primary dealers uses the NYFed as the Us Treasury's fiscal agent (PICREL)and 3 a trillion dollar platinum coin would be, of course, held by the NYFedkekNo one ever suggests that the fucking US treasury issue fucking debt-free US Notes like we did before the bloodsucking fucking Fednote pic related's URL is .fucking ORG
>>489092764>a trillion dollar platinum coin would be, of course, held by the NYFed
>>489092903
all 3 of these bills need to be reintroduced ASAP
>>489092080Point of information. Up to the 1920s paper notes were twice as big and the modern sized ones were only introduced in 1928. The old large-sized notes were too big and inconvenient to carry around; they were usually just used for bank transfers and people generally only carried around coins. Thus the >$100 notes in the modern small size were only produced for a few years before those denominations were retired.
>>489093015
>>489093045and this one too it already passed the house
>>489093154>already passed the house
The Fed Reserve’s Board of Governors are nominated by the President and confirmed by the Senate. The Fed’s Board of Governors is a neutered and ineffective regulatory body, and under regulatory capture by the NYFed.The 12 Federal Reserve Regional branches are the public franchisors, public franchisors which sell private franchisee stock to private banks in their region.The private banks buy stock in their regional Fed franchise, private stock which earns dividends of 6% annually. The NYFed is the largest and most powerful regional Federal Reserve branch franchise. It conducts all trading for the Federal Reserve and is custodian for its assets. Its biggest shareholders are the private big banks, aka the primary dealers, that issue our currency in the form of bond debt, who are the market makers for these US treasuries and are now using those treasuries and QE to counterfeit our currency.The Fed likes to confuse the publicly-appointed Fed Board of Governors with the privately-incorporated shareholders of each regional Fed, so people don’t realize we are paying private banks to issue our currency. Pic related
>>489093015>all 3 of these bills need to be reintroduced ASAPI don't think anyone would want to carry a $5,000 bill around with them; that would be scary and begging to be robbed.
>>489093433<<<---The Fed’s Board of Governors is a neutered and ineffective regulatory body,>if only you knew how bad things are
>>489093659 i meant the bills in my images
>>489066324>Woodrow WilsonWorst preaident ever
The largest regular issue note was the $10,000 bill that featured Salmon Chase on it. There was a $100,000 gold certificate with Woodrow Wilson but that wasn't a regular note (gold and silver certificates were also among the items retired in 1934).
>>489094053Ok, I'm just saying it wouldn't really be good to have large denom notes because they're theft b8 and you could lose a huge amount of cash very easily (like what if that one $5,000 bill was your entire life savings) whereas everything being broken into max $100 units makes it harder for that to happen.
I suppose too that getting rid of those big bills was seen as a way to cut down on bank robberies which were extremely common in that era and banks didn't stand to lose as much cash if the largest denomination was $100.
>>489094432i just want the words 'federal reserve' OFF the notebut, yes larger bills would be a liability in many wayswe need to end the fed first, then worry about denominations later
>>489066324Your term paper is off to a good start.
A reminder, Federal Reserve Notes are what are being issued to worthless oblivion and>the US dollar is a fucking UNITWe need to AGAIN issue debt-free, Treasury-issued US Notes like we did before (and during) the bloodsucking, obsolete Federal Reserve. We need to AGAIN issue debt-free US Notes that are pegged to a basket of commonly-used weighted commodities, distributed by a series of state banks.We can:1 nationalize Fed banksOR2 dissolve Fed and have a series of state banksOR3 issue US Notes simultaneously AGAIN and eventually recycle worthless Federal Reserve Notes out of circulationOR4 YOU CAN RIGHT NOW: use cash/barter/stack/use credit unions/use cold wallets, these five things IMMEDIATELY transfer power directly to the peopleUSE CASH, NO MATTER WHAT COUNTRY YOU ARE IN, cash IMMEDIATELY puts the power in the hands of the people. Real paper cash:>is permissionless>is private>is anonymous>has no transaction fees>works in power outages>doesn’t need the internet>don't need to be a coder to use it>doesn't depend on another party having a device>everyone knows exactly how much they have>has no transaction limits or thresholds for reporting>money laundering is harder with physical cash, due to transport>is inclusive, it does not see race>is harder to use in ransoms>can’t be hacked>don’t need to remember a password to use it>IS the ultimate in payment platforms>using cash helps people to save money and budget>puts the power directly in the hands of the people >keeps the currency near the REAL goods and services>less paperwork>is face to face, not face to screenBoycott businesses that do not take cash.NEVER USE YOUR PHONE TO PAY. Gold and Silver Certificates can be used for investment, too.
>>489094952The Federal Reserve Note was introduced in 1913 with the birth of the FR but prior to that the Treasury issued United States Notes. These continued to run alongside Federal Reserve Notes until finally being retired in 1971. There was no major difference between them outside the USNs being directly issued by the Treasury instead of the FR system and until 1934 USNs could theoretically be exchanged for gold and silver.
Until the small sized notes came out in 1928 they used a variety of designs on them whereas after that they standardized on the Washington $1 Jefferson $2 Lincoln $5 Hamilton $10 Jackson $20 Grant $50 Franklin $100 designs (plus McKinley/Madison/Cleveland/Chase for the six years when >$100 bills were produced in the small size).
>>489095419yes and the wiki in pic related also shows that even the 12 regional Fed banks had their own currencies, too, at one point, which were also issues alongside five other types of notesSome more pasta on the subject:look at pic related, we issued SIX types of notes SIMULTANEOUSLY for our currency needs. We can issue debt-free US Notes simultaneously with Federal Reserve Notes (only for deficit spending and to be only used in the US). We can then slowly recycle Federal Reserve Notes out of circulation, pay down our debt and not issue any new debt.The US Dollar will be around long after the Federal Reserve is gone.
>>489096015
ok got to be up earlysee you anons next time
The other major currency reform had been back in 1857 when foreign currencies were made no longer legal tender in the US and had to exchanged for the appropriate amount of US currency--yes, in the early decades of the nation European currencies like the British pound and Spanish real were perfectly valid spending money and often used as the US Mint lacked the ability to make enough coins to handle commerce needs (there were no paper notes until the Civil War). By the 1850s the Mint was able to make enough coins that this ceased to be an issue.
>>489076447>>489072716Based information givers
And also in those days the only US coins you might commonly encounter were pennies, nickels, and dimes. There were not very many quarters, half dollars, or silver dollars around and those tended to just be limited to bank transfers. The penny was also a large clumsy coin the size of a half dollar until the 1857 currency act replaced it with the modern small sized penny. Still, until the modern small paper notes came out in 1928 most people only carried around coins and did not use paper notes for spending.
bump
>>489095003THIS IS ANTISEMITIC!
