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US Inflation (CPI). Hmm, How Accurate Are They ?

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US inflation figures 1.1% – you decide 😉

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Previous US Defaults

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From www.psychopathiceconomics.com, the list of defaults (of varying degrees) from the US.

Previous United States of America Defaults:

  1. 1779 Continental Dollar, 2 cents on the dollar.
  2. 1790 Defaulted on external debt obligations.
  3. 1841 9 states defaulted.
  4. 1863 Greenback- Gold was refused in exchange for Greenback gave notes in exchange for each Greenback.  People lost 40% on each Greenback.
  5. 1873 10 states defaulted.
  6. 1934 Liberty Bonds were oversold so they called in all gold and revalued the dollar by 70%, before then bonds were backed by gold.  Gold in 1933 was $20.67 after Executive Order 6102 (link to it here) gold was revalued at $35.00.
  7. August 15, 1971 Nixon slammed the gold window shut and other countries couldn’t redeem U.S. dollars for gold.

FBI Declares You Extremist If You Believe In Gold Standard

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Reuters reported that the FBI at a conference on Monday has declared as extremists anyone who believed that American should not have gone off the Gold Standard. Are you shitting me !!!!

(Reuters) – Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday.

These extremists, sometimes known as “sovereign citizens,” believe they can live outside any type of government authority, FBI agents said at a news conference.

The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard.

 

 

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