we ain't talking about the economy going to hell right now?

[Chrishaune]

How long until the dollar becomes worthless?

It already is.......All they are doing now is printing paper and asking you to trust in the system. When the system falls people will find out just how worthless the money they have is.

 

[SemiEnlightenedBum]

How long until the dollar becomes worthless?

when paper money turns to toilet paper or a source of warmth..

 

[The D-List Vet]

It already is.......All they are doing now is printing paper and asking you to trust in the system. When the system falls people will find out just how worthless the money they have is.

so taking out a loan will not hurt me in the future if i stay in school long enough or take out very little?

 

[Sonic Boom of the South]

because the sheep is only concerned about the season 2 Empire premiere...anyway why is the China economy tanking right now? I heard that is what is causing a ripple effect...

my nikka came thru to throw dirt
and don't even know his damm self



on some
" these guys dont know cause they watch too much tv

I dont know either but...opps

 

[Chrishaune]

so taking out a loan will not hurt me in the future if i stay in school long enough or take out very little?

I wouldn't do it personally......Just because money might not be so valued in the future doesn't mean somebody or some company won't hold it against you and still think you owe them something.

Proverbs 22:7
The rich rules over the poor, and the borrower is the slave of the lender.

Psalms 37:21
The wicked borrows but does not pay back, but the righteous is generous and gives;

Ecclesiastes 5:5
It is better that you should not vow than that you should vow and not pay.

Matthew 6:33
But seek first the kingdom of God and his righteousness, and all these things will be added to you.

 

[Dev2103]

Global economy partially Chinas fault and their shoddy azz market of secrets. Hopefully they keep importing and learn transparency. At least oil is cheap. We'd be a lot worse off if our economy wasn't diversified...something like russia

 

[sportscribe]

because the sheep is only concerned about the season 2 Empire premiere...anyway why is the China economy tanking right now? I heard that is what is causing a ripple effect...

The ripple effect can be seen in the oil market. China (along with Japan) is one of the largest consumers of oil in the world. The low demand for oil in the Far East has contributed to a global reduction in oil prices. Combine that with the oversupply of oil from the OPEC and GCC countries that wish to maintain market dominance, and in all likelihood $100 barrel oil is a thing of the past. Big Oil is done for. A smart nation would start looking towards alternative energy sources like Germany is doing. I guess that's the result of having a Physicist as their Chancellor.

 

[Chrishaune]

How long until the dollar becomes worthless?

Just saw this today

Financial Times Calls For Abolishing Cash

The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power.

EntitledThe case for retiring another ‘barbarous relic’, the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.”

“The existence of cash — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory,” states the article.

Complaining that cash cannot be tracked and traced, the writer argues that its abolition would, “make life easier for a government set on squeezing the informal economy out of existence.”

Abolishing cash would also give governments more power to lift taxes directly from people’s bank accounts, the author argues, noting how “Value added tax, for example, could be automatically levied — and reimbursed — in real time on transactions between liable bank accounts.”

The writer also calls for punishing people who use cash by making users “pay for the privilege of anonymity” so they will, “remain affected by monetary policy.” Dated bank notes would lose their value over time, while people would also be charged by banks for swapping electronic reserves for physical cash and vice versa.

The article echoes an argument made by Kenneth Rogoff, former chief economist of the International Monetary Fund, who has called for high denomination banks notes such as the €100 and €500 notes to be phased out of existence.

As wepreviously reported, Rogoff attended a meeting in London earlier this year where he met representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks. The issue of banning cash was at the forefront of the agenda.

Last year, Rogoffalso calledfor “abolishing physical currency” in order to stop “tax evasion and illegal activity” as well as preventing people from withdrawing money when interest rates are close to zero.

The agenda to ban cash wasalso discussedat this year’s secretive Bilderberg Group meeting, which wasattendedby the Financial Times’ chief economics commentator Martin Wolf.

Former Bank of England economist Jim Leaviss penned an article for theLondon Telegraphearlier this year in which he said a cashless society would only be achieved by “forcing everyone to spend only by electronic means from an account held at a government-run bank,” which would be, “monitored, or even directly controlled by the government.”

In the UK, banks are treating the withdrawal of cash in amounts as low as £5,000 as asuspicious activity, while in France, citizens will be banned from making cash paymentsover €1,000 euros from Tuesday onwards. The withdrawal and deposit of cash over the amount of €1,000 euros will also be subject to ID verification.

“There is no more egregious anti-liberty economic policy imaginable than banning cash,” writes Michael Krieger.

“Of course, if cash were involuntarily “ended,” there would be a surge in demand for physical gold and silver, which would then necessitate a ban on those items. Then the cycle of economic and financial tyranny would be complete, and crawling our way out of it, nearly impossible.”

Read the Bible, it's in there. God does not lie.

 

[The D-List Vet]

Just saw this today

Financial Times Calls For Abolishing Cash





Read the Bible, it's in there. God does not lie.

if only our African brothers get their own currency going and back it with all the resources in Africa

 

[Chrishaune]

if only our African brothers get their own currency going and back it with all the resources in Africa

Won't happen, we're too disorganized. Too many agendas. That's not crab in the barrel, that's just the truth. The whole world is pretty much going to be ruled by one government in the near future. It won't be good for the people either. They won't allow for individual governments without serious penalties, like they have done with Russia and Iran in the recent past. You'll pretty much be cut off from all resources. So accept the one-world government or die basically. Don't accept the government.

 

[lightbearerchef]

Ayo bruhs not trying to be funny but since Jared got arrested is Subway stock down?Once again I don understand stock market hence reason im asking

Lmfao cuz im real live considerin makin this my signature

 

[newworldafro]

Just saw this today

Financial Times Calls For Abolishing Cash





Read the Bible, it's in there. God does not lie.

Anonymous editorial on a cashless society...............right

 

[Chrishaune]

Anonymous editorial on a casless society...............right

I don't have anything to do with that. I saw it on Drudge Report.......it's still on there check it out.

 

[newworldafro]

I don't have anything to do with that. I saw it on Drudge Report.......it's still on there check it out.

It wasn't a swipe at you breh......I'm ing the publication

 

[Dr. Acula]

It already is.......All they are doing now is printing paper and asking you to trust in the system. When the system falls people will find out just how worthless the money they have is.

We're not going back to the gold standard breh.