There are countless historical examples around the world of a Nations Fiat currency becoming worthless Paper [every continent has several examples] because it's so Easy for Governments to create it rather than practice Fiscal self restraint.. America's Fiat will prove again to be the same....[ the WEF is all set to jump on it's collapse]…
There are countless historical examples around the world of a Nations Fiat currency becoming worthless Paper [every continent has several examples] because it's so Easy for Governments to create it rather than practice Fiscal self restraint.. America's Fiat will prove again to be the same....[ the WEF is all set to jump on it's collapse] unless RFK Jr can reverse this? Possibly.. though it would be the first time at the [11th hour of Empire] a nation will have abandoned its Fiat.. before it becomes worthless..
A New currency backed by what hard asset? RFK Jr is absolutely right but which would it be. Gold and Silver are the historic assets of choice.. they of course would have to be revalued.. what are the others?
The idea of moving from what is essentially an unsecured loan to a secured loan is usually accompanied by a reduction interest rates. In the US's case as the debt is currently unsustainable, it would probably result in the assets being seized.
Far better in my opinion is to drastically reduce the Federal debt by cutting the budget. Senator Rand Paul each year proposes reasonable budget cuts that address this problem. Each year it is rejected. I think if Kennedy supported Paul on this matter I would be a LOT more comfortable.
Agreed FL! Rand has been one of the only sane, truly responsible voices regarding Fiscal policy... in American political leadership.. for decades as his father Ron was .. We need more leaders like RFK Jr and the Paul's...
There are countless historical examples around the world of a Nations Fiat currency becoming worthless Paper [every continent has several examples] because it's so Easy for Governments to create it rather than practice Fiscal self restraint.. America's Fiat will prove again to be the same....[ the WEF is all set to jump on it's collapse] unless RFK Jr can reverse this? Possibly.. though it would be the first time at the [11th hour of Empire] a nation will have abandoned its Fiat.. before it becomes worthless..
A New currency backed by what hard asset? RFK Jr is absolutely right but which would it be. Gold and Silver are the historic assets of choice.. they of course would have to be revalued.. what are the others?
The idea of moving from what is essentially an unsecured loan to a secured loan is usually accompanied by a reduction interest rates. In the US's case as the debt is currently unsustainable, it would probably result in the assets being seized.
Far better in my opinion is to drastically reduce the Federal debt by cutting the budget. Senator Rand Paul each year proposes reasonable budget cuts that address this problem. Each year it is rejected. I think if Kennedy supported Paul on this matter I would be a LOT more comfortable.
Agreed FL! Rand has been one of the only sane, truly responsible voices regarding Fiscal policy... in American political leadership.. for decades as his father Ron was .. We need more leaders like RFK Jr and the Paul's...