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RP: Do you do your own shopping at the grocery store?
BB: Yes I do.
RP: So you're aware of the prices...This argument that the prices are going up 2%, no one believes it. The old CPI says that the prices are going up 9%. They believe this. People on fixed incomes are really hurting. The middle class are really hurting. Their inflation rate is very much higher than the government tries to tell them. And that why they loose trust in government....
Someone is stealing wealth and this is very upsetting.... You poked fun at people to downplay the inflation rate. You said it doesn't hurt you unless you are one of those people who stuff thier money in a Tmattress. But where are you going to put it? Are you going to put it in a CD and not make any money at all? This doesn't make any sense at all. It does not encourage savings and it discourages people.
I do want to make a point about prices... You took over the fed in 2006. I have a silver ounce here. This ounce of silver back in 2006 would buy over 4 gallons of gasoline. Today it will buy almost 11 gallons of gasoline. That's preservation of value. That is what the market has always said should be money. Money comes into effect in a natural way not by edict, not by fiat (by governments declaring it is money).
Why is it we can't consider, the two of us an option. You love paper money, I think money should be honest, constitutional -still on the books, Gold an Silver legal tender. Why don't we use it?
Why don't we allow currencies to run parallel? they do around the world. One of my options, as much as I want to do something with the fed, I say the fed's going to self destruct eventually anyway when the money's gone. Why wouldn't we legalize competing currencies. Why can't people put this [holds up silver] in a mattress and save 4, 5 times the value in a few years? So the record of what you have done over the last years is destroy the value of real money - ah well, of paper money. At the same time real money is preserved.
BB: No one prevents you from holding silver or gold...
RP: That's not money. When you pay taxes to buy a coin, or you have capital gains tax. If you have to settle a lawsuit its always settled in depreciating federal reserve notes. It's never settled in the real contract. So that's nothing near money when it's illegal to use it.
Originally posted by stirling
To be truthful, i have a secret wish RP wins by a landslide....
And i have a great fear, that RP is not the peoples man he claims to be.....
I tell you now, if he does win and nothing changes in a damn quick hurry, then "all options are back on the table"
There are peace loving people who will be very angry if nothing happens.....
Originally posted by stirling
To be truthful, i have a secret wish RP wins by a landslide....
And i have a great fear, that RP is not the peoples man he claims to be.....
I tell you now, if he does win and nothing changes in a damn quick hurry, then "all options are back on the table"
There are peace loving people who will be very angry if nothing happens.....
Someone is stealing wealth and this is very upsetting.... You poked fun at people to downplay the inflation rate. You said it doesn't hurt you unless you are one of those people who stuff their money in a mattress.