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Old September 8th, 2017, 07:39 AM   #1
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A 12 year old girl figured it out . DEBT

This 12 year old girl has solution to eliminate the national debt , amazing to say the least..

https://www.youtube.com/watch?v=JHQOX8EVNmE
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Old September 8th, 2017, 01:01 PM   #2
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debt is slavery.. She listened to Solomon

Borrowers are Slave to the lenders.
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Old September 8th, 2017, 01:45 PM   #3
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Wow, wait til she takes a course in economics, and learns why she's wrong...
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Old September 8th, 2017, 01:55 PM   #4
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[QUOTE]William Watson: No, Victoria, there is no money monster

The things you see on the Internet! The latest item to go viral — well, not exactly viral yet, just bacterial so far — is a denunciation of Canada’s financial system by 12-year-old Victoria Grant of Cambridge, Ont. “12-year-old financial pundit becomes YouTube sensation,” says CTV’s website. “Victoria Grant, 12, hits lecture circuit to explain how Canadian banking is a fraud,” writes The Huffington Post. “Twelve-year-old delivers scathing critique of Canadian banks,” The Globe and Mail intones. Because most people think Canadian banks have done pretty well lately, at least compared to all the other banks in the world, you’re bound to wonder what Victoria’s secret is.

-~-

Victoria’s solution is that instead of paying market rates the government should borrow directly from the Bank of Canada and pay only token rates of interest. Because the government owns the bank, the tax revenues it raises in order to pay that interest would then somehow be injected directly back into the economy. In other words, money literally printed to cover the government’s deficit would be put into circulation. But how is that not inflationary?

As any communications advisor would tell you, there’s absolutely no profit in dumping on a telegenic 12-year-old. Victoria looks like a terrific kid. Her parents should be very proud of her. But if the rest of us take her advice on monetary policy, we will fully deserve the disaster that *ensues./QUOTE]


My emphasis.

William Watson: No, Victoria, there is no money monster | Financial Post
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Old September 8th, 2017, 01:58 PM   #5
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Like it or not, The Central Banks are not your friend. When virtually every dollar out there is a interest we're simply fucked.
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Old September 8th, 2017, 02:09 PM   #6
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Originally Posted by Quigley View Post
Like it or not, The Central Banks are not your friend. When virtually every dollar out there is a interest we're simply fucked.
Can you list the really successful countries that don't have central banks?

Feel free to use historical examples, as I doubt you'll find any in existence today. Which should be a huge clue.
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Old September 8th, 2017, 02:27 PM   #7
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Like it or not, The Central Banks are not your friend. When virtually every dollar out there is a interest we're simply fucked.
How would not having the central bank make a difference? Are you going to argue against fiat currency too?

If so, before you start have an alternate available, in both cases.
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Old September 8th, 2017, 02:33 PM   #8
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Can you list the really successful countries that don't have central banks?

Feel free to use historical examples, as I doubt you'll find any in existence today. Which should be a huge clue.
LOL......

A) That's kind of the point, but....

As of the year 2000, there were seven countries without a Rothschild-owned Central Bank

Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea, Iran

Then along came the convenient terror of 9-11 and soon Iraq and Afghanistan had been added to the list, leaving only five countries without a Central Bank owned by the Rothschild Family:

Sudan, Libya, Cuba, North Korea, Iran

Central Banks: And then there were three who remained free ~ The Daily Economist

Are you seeing the pattern here?
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Old September 8th, 2017, 02:36 PM   #9
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How would not having the central bank make a difference? Are you going to argue against fiat currency too?

If so, before you start have an alternate available, in both cases.
Meaning you don't mind serving the Bankers, I get it. Let's see, where does a nation (any nation, ALL nations) get the money it needs to fight a war? Or to do anything else?
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Old September 8th, 2017, 02:43 PM   #10
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LOL......

A) That's kind of the point, but....

As of the year 2000, there were seven countries without a Rothschild-owned Central Bank

Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea, Iran

Then along came the convenient terror of 9-11 and soon Iraq and Afghanistan had been added to the list, leaving only five countries without a Central Bank owned by the Rothschild Family:

Sudan, Libya, Cuba, North Korea, Iran

Central Banks: And then there were three who remained free ~ The Daily Economist

Are you seeing the pattern here?
So only the real bastions of Freedom have escaped the tyranny of the Central Bank?
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