Post From KTFA By Memphis » March 11th, 2014,
hawger03 wrote on March 10th, 2014, 11:00 pm: I'm very much in agreement with you Memphis that normal is about to change and those who prepare for what a worst case scenario may bring, will fare much better than others.
These considerations are foremost in my mind looking forward in my plans, post RV. I also feel it will be vitally important for those who prepared and kept our heads together should, once secure, do our best to help others as best we can.
I am amazed at how my thinking has changed more and more as our country seems to be falling into an abyss. Looking back, I can't help but think that the reckless spending and creation of social dependence seems to be by design.
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The powers that be seem to be perfectly happy to take advantage of public vote on popularity and words without actions. Our founding fathers warned us with words printed on paper.
Public apathy and thoughts of "that can't happen to us" thinking have led us down the path to the ever more rapid erosion of our God given rights as free people.
I consider all of the lives that have been given by our brave military members and folks back home in previous fights for our freedom.....all to be seemingly in vain.
I realize and am building my modified plan of action (flexibility will always be important). There will be no scenario that will be what any of us would like but we will do our best to survive and prosper new again. For me, the pursuit of freedom will always be my goal.....no matter what happens.
My question is: It has been widely believed that the US holds many trillions of IQD. Whether we decide to hold it in reserve, trade it for oil, or pay our debts in IQD, would it not be a game changer to either best or worst case scenarios?
An influx of equity like this, at least temporarily, should avert these actions for a few years. Would our bonds not become quite solvent with IQD backing them?
Will our government finally cut spending and get to being fiscally responsible in light of the worst option? I just realized how impossible that question sounds :( Bottom line I would surmise is that the IQD RV would just be a stopgap and the last remote opportunity for our country to preserve our freedom. Thank you for the mental stimulation and helping to view potential reality! :chopper: :chopper: :chopper:
BF from earlier today: speedracer82169 » March 10th, 2014, Frank26 is this true? China has been slowly buying up the Federal Reserve
Memphis: I will be answering much of the questions above as we progress in the discussion of "The Key to Everything" but since it's late I will try for brevity here...
I made reference recently to Oct2013, there was a big shift that took place and it marked the beginning of the end for the US global dominance. Many things are not yet public (ie mainstream) knowledge yet and that is likely a good thing.
I will ask a question here then move on to Hawger's thoughts:
"Why did Chase sell #1 Chase plaza in Manhattan (with the world's largest vault beneath and connected via tunnel to the NY FED) to the Chinese for pennies on the dollar?"
Hawger your thoughts give me hours of material to speak on sir. Being brief:
"...Our founding fathers warned us with words printed on paper. Public apathy and thoughts of "that can't happen to us" thinking have led us down the path to the ever more rapid erosion of our God given rights as free people..."
The system, a functional republic requires certain things be present and among them our founders warned THE PEOPLE of their responsibility to remain "an informed citizenry".
The ability to do so has been carefully removed over time thru our mainstream press. JUST TODAY a major news anchor for RT resigned ON THE AIR as she could not longer stomach the intentional suppression of truth.
It is now become an everyman for himself environment as the system must crash, complete the cycle and then rebuild into a new normal. I am unable to predict what this will look like but in broad terms?
I see it MOST clearly.
"...It has been widely believed that the US holds many trillions of IQD. Whether we decide to hold it in reserve..."
Your entire post is thoughtful but (again, briefly as it's late) the discussion of our treasury holding IQD is not provable and therefore...an unknown.
We can then only speculate and my BELIEF is that we do have a sizable balance and that this will be carried (held) as reserve on our balance sheet in accordance with Basel III guidelines.
Will this solve everything? Folks, NOTHING is being fixed here. The world is shifting from a centralized structure of monetary control to a MORE centralized system thru the IMF.
Beginning later today I will attempt to present this truth in a structured manner.
Blessings (and thanks Hawger), Memphis