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Reinstate the Lincoln Greenbacks

Discussion in 'Political Opinions & Beliefs' started by John Tyler, May 19, 2011.

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  1. SiliconMagician

    SiliconMagician Banned

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    HALF THE HOME LOANS IN AMERICA SHOULD'VE NEVER BEEN GIVEN.

    Homeowners got screwed because GOVERNMENT told BANKS it's OKAY to lower underwriting standards!

    GOVERNMENT screwed the Homeowners and the BANKS were left holding the blame and the evidence was covered up by Democrats!!



    Of course the homeowners are going to get screwed when half the homes in America (and consquently their neighborhoods) are empty. That drives home values down.

    The entire narrative of the Global Financial Crisis is a proven fiction perpetrated by Democrats. PROVEN in the source I list above. Read it and learn.
     
    SiliconMagician, May 24, 2011
    #26
  2. akphidelt

    akphidelt Banned

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    Lol. Govt did not tell banks to do anything. You are a nutcase!!!

    Half the homes aren't empty... not even close. Do you just make things up?
     
    akphidelt, May 24, 2011
    #27
  3. SiliconMagician

    SiliconMagician Banned

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    I give the proof and I'm a nutcase? Perhaps I need to show it AGAIN.

    Just what the hell was HUD doing then according to this witness who sat on the GFC commission hmmm? You are just ignoring proof and calling me a nutjob.


    It's on it's way there, the housing market is still crashing, just slower.
     
    SiliconMagician, May 24, 2011
    #28
  4. akphidelt

    akphidelt Banned

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    Why did Wall Street crash?
     
    akphidelt, May 24, 2011
    #29
  5. Roy L

    Roy L Banned

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    LOL no it isn't. It is not owed to anyone and puts no one in debt just by existing. You are simply not educable on this subject.
     
    Roy L, May 24, 2011
    #30
  6. Roy L

    Roy L Banned

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    ROTFL! Watch "Inside Job" and try to get some sort of clue.
     
    Roy L, May 24, 2011
    #31
  7. akphidelt

    akphidelt Banned

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    What's funny is it actually is debt... but you just can't comprehend what that means. You honestly are so uneducated on this issue, that it is rather humorous that you think you are right.
     
    akphidelt, May 24, 2011
    #32
  8. Roy L

    Roy L Banned

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    The system has been designed to FORCE them to borrow money. Money to support economic expansion can only be created by borrowing.
     
    Roy L, May 24, 2011
    #33
  9. akphidelt

    akphidelt Banned

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    You just said it wasn't debt? Now you are saying people are forced to borrow it? Wouldn't that make it debt? Lol
     
    akphidelt, May 24, 2011
    #34
  10. Roy L

    Roy L Banned

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    To whom must it be paid?
     
    Roy L, May 24, 2011
    #35
  11. Roy L

    Roy L Banned

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    No, I said FIAT money like the Lincoln greenbacks isn't debt. We do not live under a fiat money system now but a debt money system. In our current system, almost all money is debt. We do not use Lincoln greenbacks, which were true fiat money. I don't believe there is any way to explain this to you so clearly and simply that you would become willing to know it.
    The are forced to borrow IN THE CURRENT SYSTEM, which is NOT A FIAT MONEY SYSTEM. That's why the thread title is "Reinstate the Lincoln Greenbacks," not "Keep Using the Lincoln Greenbacks."

    Try to get some sort of clue.
     
    Roy L, May 24, 2011
    #36
  12. akphidelt

    akphidelt Banned

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    All money is debt. Regardless of what system you use.
     
    akphidelt, May 24, 2011
    #37
  13. Speeders R Murderers

    Speeders R Murderers Banned

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    It is in america, but it doesn't have to be. The govt could simply print money and inject it into the economy. In america the govt borrows money from the fed but it doesn't have to be that way. THINK
     
    Speeders R Murderers, May 24, 2011
    #38
  14. akphidelt

    akphidelt Banned

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    No it doesn't. The Government prints money and injects it into the economy. The Fed has no part in that.
     
    akphidelt, May 24, 2011
    #39
  15. Roy L

    Roy L Banned

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    That is just stupid nonsense. Cowrie shells, which were used as money in many places for thousands of years, were never debt in any way.

    I have repeatedly proved you wrong as a matter of objective fact. You just ignore the proofs and keep on chanting your stupid garbage.
     
    Roy L, May 24, 2011
    #40
  16. Roy L

    Roy L Banned

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    No, it doesn't, and hasn't since Lincoln printed the greenbacks.
     
    Roy L, May 24, 2011
    #41
  17. akphidelt

    akphidelt Banned

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    Actually it does
     
    akphidelt, May 24, 2011
    #42
  18. akphidelt

    akphidelt Banned

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    All money is debt... that is a fact
     
    akphidelt, May 24, 2011
    #43
  19. P. Lotor

    P. Lotor Banned Past Donor

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    If by fact you mean falsehood then yes.
     
    P. Lotor, May 24, 2011
    #44
  20. Roy L

    Roy L Banned

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    A cowrie shell is not a debt, and never has been. But it has been money. That is a fact. You are objectively wrong, and I have proved it.
     
    Roy L, May 25, 2011
    #45
  21. Rollo1066

    Rollo1066 Member

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    If issued in reasonable amounts there's nothing wrong with Greenbacks. They've been in existance ever since the Chinese invented paper money in about 700AD. Then the Mongols learned about it and spread that knowledge. The rest in economic history.

    Since the government will accept the paper money in payment of taxes this gives the money a definite use to holders. As Marco Polo noted the Great Khan was able to make the bark of trees do the work of prescious metals.

    Might be a good and less costly substitute for the practice of the government borrowing from the Federal Reserve.
     
    Rollo1066, May 25, 2011
    #46
  22. yoyoma

    yoyoma Newly Registered

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    yoyoma, Jun 23, 2011
    #47
  23. Roy L

    Roy L Banned

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    Bingo.....
     
    Roy L, Jun 24, 2011
    #48
  24. Roy L

    Roy L Banned

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    Roy L, Jun 24, 2011
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  25. Big Dog

    Big Dog New Member

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    And the interest on the debt is now approaching 1/2 trillion per year.

    Why not just payoff the whole 16 trillion in interest free greenbacks?
     
    Big Dog, Jun 8, 2012
    #50
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