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America has painted itself into a corner. I've thought for a long time that interest rates need to come up, that they've been manipulated down. High inflation is a result of the cheap money. Savers have been punished for decades now. Debt is an an all-time high across the board from what I understand. It looks like the Feds are just going to try to inflate our way out of the debt (doesn't work). At this point austerity will be implemented or America will just default. Either one will be horrible and I don't think there's any other way out. These are just my take.

If your money is in a savings account I'd guess your yield is probably about 5% what inflation is, 1/20th. This HAMMERS the working middle class.

From here. This clip is from LotusEaters.com, a British news channel I have followed for years.

https://rumble.com/shorts/v7gwjj0

We have 2 teams fighting.
Team Trump MUST break the international bankers.
Vs. The Banksters.

They are trying to damage Trump.
Meanwhile, the ancient powers... Are trying to destroy America.
As long as America can stand strong, there will be no "One World Government"
(Communism for all... For FREE!)

Yep, it makes no sense. Until you see they are raising the cost of borrowing money.
Meanwhile, Biden converted ALL of the 30 yr bonds to 3,5, and 10 yr bonds. Forcing Trump to deal with re-issuing bonds at higher rates.

Trump was right. They want US GONE. He is just in there way.

Follow these ladies:
https://www.youtube.com/watch?v=okdcl...

I believe I suggested this before.
You should register to vote for a specific party by choosing the affiliation, and paying their Tax Levels For 3 years before you can actually vote.
1) Communist: 80% tax Bracket
2) DSA: 78% Tax Bracket
3) Democrat: 60% Tax Bracket
4) Republican: 40% Tax Bracket
5) Conservative: 10% Tax Bracket.

So, if you pay only a 10% Tax, you can only vote for conservatives.
But if you pay 60% tax, you can vote for Democrats or LOWER tax bracket candidates.

Finally, if you don't work, or you livelihood comes from Govt handouts. You do not get to vote.

Then we wouldn't need POLLSTERS and their fake polls.
Also, if you pay 80% of your income, because you believe in Communism so much. Good for you...

The last rule prevents people on assistance from "agreeing" to pay 80%, but they know they have $0 real income. Sorry. You don't count.

The WEF: Western Values will be tested to their breaking point!

If your enemies tell you they are going to do something, and you see it happening...
I think you are allowed to ASSUME it WAS THEM, and act accordingly!

yes..."it"

Haha!

AMEN

EXCELLENT, thanks

If voting surrenders control of your life you are not free. There is no choice for freedom withing the current system. Asking those who would enslave you for permission to be free is to admit they have the right to control you, and that is a right they will never surrender. They will continue to convince you that you must have their permission and as long as you concede you will not be free.

Inflation is a misnomer to misdirect the understanding of the root cause of price increases. It is the devaluation of the currency by a central bank issuing fiat (counterfiet) money. It is also the indication that you do not have a free market. It is a market controlled and owned by those who issue debt that can never be repaid, which means the debtors (you) are owned. A free market reduces prices and increases the value of money. A controlled market reduces the value of the currency and the ability of individuals to maintain a stable and profitable living. Every monetary exchange is controlled by a central owner, not the individual.

I THINK I WOKE UP ONE DAY IN THE WRONG CENTURY. WHAT THE H IS GOING ON?? NB

i HAVE TO ADMIT THIS ELECTION IS SO DEPRESSING TO ME, I DON'T WANT TO VOTE! NB

Anyone who wins takes the Oath to support the Constitution, etc., in order to take office (or are we talking about a different Oath?). The problem is that so many of them don't mean it.

I agree 100%! I'm running in Granite County MT for County Commissioner. Libertarian. Believer in the Organic Constitution, and not the "annotated" version. We are totally fed up with opposite sides of the same coin. I think our message is finally catching on.

read it as well - The Creature From Jekyll Island

I think we will take part in its destruction - unfortunately its going to take meany of use with it.

I tend to agree with this.

Nice photo of John Galt!

I'm delighted to know that you are also well informed. Thanks for that post.
Reading The Creature From Jekyll Island (long ago) explained it well, too. 👍
It is legalized theft (after the bankers had corrupted the con-gress.)

I would love to build a community of like minded people, but my general philosophy is to build myself to the point that I can rely on myself before I worry about surrounding myself with others

Its all a fraud, a ponzi scheme... Study how new money (not the paper dollar, just the dollar in you bank account ) is created. It will blow your mind. Banks can create new money out of nothing as long as they have a reserve on hand.

ChatGPT response:

1. What happens when a bank lends $100,000?
Assume a commercial bank approves a $100,000 loan and credits the borrower's checking account.
Bank balance sheet Change
Assets: Loan receivable +$100,000
Liabilities: Customer deposit +$100,000
Net change in bank equity $0

Notice something interesting:

The bank has created a $100,000 loan asset and a corresponding $100,000 deposit liability.

The bank's balance sheet has expanded by $100,000 on both sides. The bank has also created $100,000 in new deposit money.

However, its equity (capital) hasn't increased.

That distinction becomes important when we discuss how much additional money the bank can lend.
2. Where the 90% idea comes from
You're probably referring to the traditional fractional-reserve banking model.

Historically, textbooks commonly illustrated banking with a 10% reserve requirement:
- A customer deposits $100,000.
- The bank keeps $10,000 in reserves.
- The bank lends $90,000.
- The borrower spends the $90,000, which is deposited into another bank.
- That bank lends $81,000, and the process continues.
This describes the traditional deposit multiplier model.

However, that isn't how modern US bank lending is mechanically constrained.

Since March 2020, the Federal Reserve has maintained a 0% reserve requirement on transaction deposits.

Banks are instead constrained by capital requirements, liquidity requirements, credit risk, funding costs, profitability, and regulatory supervision.
3. Can a bank keep expanding its assets through lending?
Yes, provided it can satisfy its funding, capital, liquidity, and other constraints.

For example, suppose the bank originates three loans:
Transaction Loan assets Deposit liabilities
First loan $100,000 $100,000
Second loan $90,000 $90,000
Third loan $81,000 $81,000
Total created $271,000 $271,000

This assumes all three loans initially create deposits at the same bank and none of those deposits has yet been spent or withdrawn.

The bank hasn't multiplied an existing $100,000 asset into $271,000. Instead, it has originated $271,000 in separate loans, creating an equivalent amount of deposit liabilities.

If customers transfer those deposits to other banks, the originating bank must settle those payments using reserves or other funding arrangements.

The Federal Reserve Bank of Philadelphia explicitly describes this process of loans simultaneously creating assets and deposit liabilities.

Federal Reserve Bank of Philadelphia



4. The critical distinction: assets versus capital
Banks don't generally lend 90% of their total assets. Regulatory capital requirements are based on measures such as risk-weighted assets, and liquidity requirements operate separately.

A bank with $10 million in assets and $9 million in liabilities has $1 million in equity capital. Creating another $1 million loan doesn't create additional equity capital. It increases both assets and liabilities while potentially consuming some of the bank's remaining regulatory capital capacity.

And there's another important point: the money created by lending is extinguished when the loan principal is repaid.

the UK's central bank




The Federal Reserve confirms that US reserve requirement ratios have been zero since March 26, 2020.

Reserve Requirements



5. Why this matters economically
Your underlying observation is significant: commercial banks can expand the money supply by extending credit, without first receiving an equivalent new deposit from a saver.

That creates a relationship between credit expansion, asset prices, economic activity, and potentially inflation. Conversely, repayment and contraction of bank credit can reduce deposit money.

The 'raise rates' method of limiting loans is done because it increases banking cartel profits.
Limiting loan availability only to borrowers that have the best credit instead
would accomplish the same goal (assuming that is actually the goal, ha-ha)
without fanning flames of inflation in higher debt service.
But that would negatively affect the banksters ability to steal the maximum amount
from the productive.
Side effect: it would also reduce the interest cost of government borrowing
which is another siphon of wealth from taxpayers to parasites.

No one has the backbone to cut government down to its proper size. Who is John Galt?

Sounds like your building to be self-sufficiency over creating a community of people working towards a goal of freedom. I thought about doing this but to be honest, I settled on self-sufficiency – the plan is to make it difficult on everyone. You’re loose everything if they can still tax you. I’ve heard people state on plans to confiscate property if the owner can't pay the tax. Remember, you’ll own nothing and be (un)happy means everyone. I don’t think a payed off house will help in the long run, maybe at first.

I’ve switched my thought process to offshore, what I mean is a catamaran, and GTFO. A group of like minded cruisers could still generate income and not be on the hook for the taxes. Switching my citizenship to Ecuador.

I have many broad interests and can do about anything, I work in IT as a systems architect and developers for cloud companies, I build automation. I’m also handy with tools, welding, I’d like to try my hand at hydroponics on the boat or a float of some type.

Like you, property, well water with multiple ways to lift the water without electricity. Animals, backup food, garden, greenhouse, solar. The most important thing I did was to pull my money out of cash, do that now. I invested in precious metals, in my possession. Guns and lots of ammo.

Good luck...

I understand we already have a yearly US deficit of 2 trillion dollars. So some how we increase taxes to cover the 2 trillion and extra for payback. Artistry, I'm Gen-X and my taxes put a larger generation through social security - I already know that I will not see shit. Our bills are only getting bigger and we don't have a plan. Paying it off is impossible.

Unless we start paying down debt like a 30 year mortgage as a country, the doom loop will continue to accelerate.