11 Comments
User's avatar
Roslyn Reid's avatar

Yeah, I hate to admit it but I guess the 2A crowd had a point. However, where can you hit one of those human tanks? The only place I can see is in the ear!

Jack's avatar

So, now we are going to have a conflict between the “castle doctrine” and the ICEtapo. This should get the 2A crazies hackles up. Except most of the 2A boys are obviously in ICE.

Lukium's avatar

Exactly the problem.

Karen A NOT A Karen's avatar

As a criminal justice, professional, I have long recognized that there is culture of entitlement and violence within many jurisdictions. The entire Department of Homeland Security is infested with this attitude. It is a criminal attitude that will not be reigned in by the Department of Justice led by Pam Bondi. This new information gives us additional fodder to demand that members of Congress impeach every lawless official in the administration. Thank you for getting this information out to us.

Lukium's avatar

💯

The thing that amazes me is their "legal theory."

We must remove people who have often times not committed any crimes at all — overstaying a visa is a civil offense, not a crime — or if they have, only a misdemeanor — a first illegal entry into the country is only a Class B misdemeanor — even if we have to commit greater crimes in the process — 18 USC 242 (Deprivation of rights under color of law) is always at minimum a Class A misdemeanor, if not a felony.

Protect the Vote's avatar

Carney Understands The Death Of Fiat Currency

As past head of Canada's central bank, head of a country with much natural resource, and understanding the relationship of gold and real money, Carney sees the end of fiat currency that was created in 1971

Carney also understands that the fiat currencies of the world will politically be crippled national economies without adequate resources of the metallic standards of gold and silver He sees the future of the US dollar and what will happen when its value falls to zero and understands that only the faith of the people give value to the fiat currency world

This is why Carney sees the end of global hegemons like the US Unlike the US China has been over the last 40y stockpiling gold and silver and now is not letting it out of the country so only one hegemon is left standing This is one of the reasons why Carney was in Beijing making a lasting trade deal The realizations of this creative policy all started with US arrogance For the US it's over

Lukium's avatar
4dEdited

Carney didn't say anything about fiat currency... I honestly fail to see the point that folks make about it. Say the dollar was still tied to gold. you'd still need to increase the gold to dollar value over time anyway.

This hardly seems like a reasonable analysis of anything said by Carney in his speech. Sorry, but had to comment on this one to correct the record.

Protect the Vote's avatar

Carney argues for a new world order which follows from a new economic world order China is poised as a hegemon to be the new leader of the global order due to her vast metallic reserves As the adage goes "follow the money" China has already established an international trading platform with the yuan linked to gold

He who ignores the economic implications of this shift is doomed much like the US equity markets

A gold standard stabilizes the value of the currency and prevents governments from overspending which has been going on for 40y MacleodFinance substack channel would be worth your studying as he lays out cogent arguments as have books written by James Turk Both follow the Austrian school of economics

Lukium's avatar
4dEdited

The US equity markets do pose a real issue. But there's a legitimate logical argument that can be made here — as opposed to the fiat currency argument.

The issue is that private equity is buying up massive amounts of inelastic assets, especially housing stock, and using algorithmic platforms to squeeze people out of all the money they have. This is a real problem. There's no legitimate reason to compare this to the utilization of fiat currency.

Here's why: fiat currency is still ultimately backed by the asset valuation within the country, which in turn is backed by the market supply/demand within the country.

You can go look at the FED site (https://fred.stlouisfed.org/series/TNWBSHNO) and see that the US has about $181 Trillion in assets. This is the total sum of people's homes, stock, etc. And these are real values. If someone is willing to pay $500k for someone's home, then that 500K goes toward that $181T.

If you want to give me a legitimate argument why this doesn't establish a real value for the currency, I'm happy to hear it. But I have never heard an intelligent argument on this other than people just saying "because fiat bad, gold/silver good" which isn't an argument, just an assertion.

Lukium's avatar
4dEdited

"Linked to gold" doesn't mean backed by gold or a gold standard. The yuan is still a float pegged to a bunch of currencies, making it a fiat currency exactly like the dollar.

The only thing that the Gold Corridor does is make it possible for people to use gold as collateral or settle transactions indirectly. It does absolutely nothing to say you're guaranteed to be able to get X grams of gold for Y amount of currency from the Chinese Central Bank at any given moment.

We also track an exchange value of USD ↔ Gold here, enabling you to do with the dollar everything that you can do with the yuan as it relates to gold.

Protect the Vote's avatar

You're missing the point....the yuan is being tied to gold on an international trading basis You're correct that China is not on a gold standard China doesn't want to be blamed for the collapse of the fiat currency system but they are silently are moving in that direction

The loss of the purchasing power of the dollar in gold since 1971 has gone from 100 cents to 6 cents It's not that the value of gold is going up, it's that the value of the dollar is going down When the value of the dollar goes to zero inflation will worsen and it will be Great Depression 2.0

Avoid this information at your own economic peril