patrick.net

Patrick says

My question is a bit off-topic: I agree with the caption, but this photo itself is from a re-creation scene, right? From what I have read, Jackie was climbing onto the rear deck of the convertible to retrieve the top half of JFK's head that had been blown off by the gun shot bullet from the front, not scrambling to escape (she could have escaped more easily via the side door), so his face couldn't have been complete in this photo if the photo had been taken when the assassination itself took place. Yeah, the real event/scene was a lot messier.

I don't know if that photo is original or not.

I always doubted that she wanted to retrieve anything. Just seemed like she wanted to GTFO of there.

You know what's not manipulated?

YAMS!!!

https://x.com/SenseReceptor/status/1922047547205443712

Lyndon Johnson's failed wars (Great Society and Vietnam) as well as the oil shock are reasons why interest rates increased from 1960s to 1981

When money is hard cold pure silver metal, it cannot easily be counterfeited in mass quantities. This prevents the cartel of private banks known as the Fed from enslaving everyone by constantly stealing their money.

Patrick says

...and in 1933, they confiscated that $20 dollar.

Patrick says

.

that one ounce gold coin can now buy 1000 gallons of gasoline

it was a smart investment choice to buy that $20 gold coin in 1932 and pass it on to your heirs

.

Patrick says

Yes. And NO PAPER for wages and salaries, the metal only.

Businesses and Banks are free to have "Gold Backed Paper". But are not allowed to pay wages, salaries, and contracts worth less than $2000 in paper

I visited Israel in 1985 when I was studying in Austria. I remember the inflation was insane, and everyone wanted dollars.

I switched the last of my dollars in an Armenian carpet shop, then went to buy my airline ticket back to Greece, where I could use my rail pass to get back to school. But they wouldn't sell me the ticket without proof I'd changed money legally. Shit. Had to go back to the shop and they gave me most of my money back, like 90%. Then I could buy only a standby ticket, but it worked out OK. Dunno what would have happened if I had not been able to leave.

Just use silver by weight, ounces not dollars.

Interest rates should be set by the market, not by a cartel of private bankers.

Patrick says

in 2024, only 4 gallons. inflation is increasing, that’s frightening. penny is gone, not worth making with inflation,

Fortwaye says

in 2024, only 4 gallons. inflation is increasing, that’s frightening. penny is gone, not worth making with inflation,

silver quarter has been equal to 1 gallon of gasoline for a long time, from what I've researched

compare quality of life and standard of living for blue collar worker in 1932 to one in 2025

they have to continue to squeeze them workers to get as much productivity gains in order to try to keep inflation in check ; think about what happens if the chicken egg workers start to slack off (or worse and also try to unionize), and how much that causes chicken egg prices to increase

I had a buddy who worked at York's air condition plant as a manager and they put pressure on him to cut costs by about 10% each year ; he ended up quitting and getting a cushy GS-13 level job as a 801 series (general engineer) for the federal guvmint

.

https://genesiustimes.com/breaking-the-federal-reserve-is-just-2-weeks-away-from-developing-a-nuclear-weapon-source/

Right now, the Bond market is pricing long dated treasuries at an historically high premium versus expected inflation rate. On top of that they are pricing MBS (mortgage backed securities) at a historically high rate versus the 10 year treasury note.

In the next month or so Trump is going to correct this mis-pricing. Anyone short long term treasuries or MBS is desirous of losing huge amounts of money.

https://rudy.substack.com/p/a-world-of-hurt

Ceffer says

I'm so confused... Ceffer, are you pro money printing or anti money printing?

This is something I am totally confused about. Trump is attacking Powell because Trump wants to print more money but Powell won't do it.

Other people are attacking Powell and the fed in general because they print too much money and devalue the dollar .. it seems like the hatred of Powell is coming from both sides but the two sides don't acknowledge that they are totally opposed to each other's objectives ..

Shall we replace Powell with someone who won't print any money? Or someone who will print more as Trump is asking him to?

AmericanKulakMaximumTrumper says

YAMS!!!

We all miss him ... Farewell AF

Interest rates are waaaaaaaaay too high based on historical precedent. The long bond is yielding 2.5% above the expected inflation rate, the 10 year 2% above the expected inflation rate, and the mortgage rates near a record high spread against the 10 year treasury. Yes. mortgage rates are more outtra kilter than they were during the Housing bust.

The Federal Reserve is supposed to not have interest rates this outta whack. The Federal Reserve is playing political games (they are 90% democrats). These super high rates are damaging the shit out of America from construction of houses to household formation rates.

Trump has gotta put an end to this Fed induced crap, and I think he will.

Misc says

Interest rates are waaaaaaaaay too high based on historical precedent.

Misc, does that mean you are in the "pro money printing camp"?

Misc says

Interest rates are waaaaaaaaay too high based on historical precedent. The long bond is yielding 2.5% above the expected inflation rate, the 10 year 2% above the expected inflation rate, and the mortgage rates near a record high spread against the 10 year treasury. Yes. mortgage rates are more outtra kilter than they were during the Housing bust.

The Federal Reserve is supposed to not have interest rates this outta whack. The Federal Reserve is playing political games (they are 90% democrats). These super high rates are damaging the shit out of America from construction of houses to household formation rates.

Trump has gotta put an end to this Fed induced crap, and I think he will.

This goes back to Andrew Jackson - the Fed will do what it can to wreck the economy and bring Trump under heel. We are actually in a depression that has been masked by 20 trillion dollars of spending in the last 4 years. All white collar high paying jobs are being destroyed. Blue collar is the future, especially if the rapefugees and illegals are thrown out to give our children a leg up in the job market.

I'm sure that at least 50% of white collar jobs are bullshit.

stereotomy says

We are actually in a depression

So you want more money printing too?

I really dont understand the 'End the Fed' people who want MORE money printing. Usually End the Fed means people want LESS money printing.

I think what you are actually saying is "End the independence of the fed and let the president print money when the president wants to?"

DeficitHawk says

stereotomy says

We are actually in a depression

So you want more money printing too?

I really dont understand the 'End the Fed' people who want MORE money printing. Usually End the Fed means people want LESS money printing.

I think what you are actually saying is "End the independence of the fed and let the president print money when the president wants to?"

I'm saying that the Triffin Dilemma will be resolved in our lifetimes. Money printing must end. Depressions are caused by banks who foreclose on loans that they injudiciously extended to borrowers. Money printing draws capital from the future to the present - it's like nuking a field with fertilizer for decades and getting bumper crops, only to have the field fail because the soil is exhausted.

Money printing is the crack/meth that gooses the "economy" and encourages completely unwholesome speculative economic activity.

Whatever happened to working, saving, building a life for your family, and creating things that last and can be passed down with pride?

stereotomy says

Money printing must end.

stereotomy says

the Fed will do what it can to wreck the economy and bring Trump under heel.

These two narratives are opposite to each other. I really dont understand what you want.

On the one hand, you are saying the Fed is wrecking the economy by not printing money and keeping interest rates high.
On the other hand, you are saying you want the money printing to end?

Which is it? I dont understand your position on this.

DeficitHawk says

stereotomy says

Money printing must end.

stereotomy says

the Fed will do what it can to wreck the economy and bring Trump under heel.

These two narratives are opposite to each other. I really dont understand what you want.

On the one hand, you are saying the Fed is wrecking the economy by not printing money and keeping interest rates high.
On the other hand, you are saying you want the money printing to end?

Which is it? I dont understand your position on this.

The growth of the money supply must be organic in nature; namely, to accommodate the financial needs of the natural persons living and breathing in this country so that they, through their collective industry, can acquire wealth and preserve that wealth with a stable currency or other store of value.

It's too bad you missed iTulip. There were some really deep economic discussions about how banks should function.

The banking system this country inherited from the English was a system based on short-term profits from sea trade. Banks would extend loans to finance the shipping trade and recoup their loans within a year. Later, in the US, the banks would extend credit to farmers to buy seed for spring, which would be paid back after harvest.

Now the banks speculate and drive up prices for commodities that squeeze the producers to the point of bankruptcy. This was illegal before the 1980's - only producers in a commodity area could trade futures in that commodity.

I'm pretty ignorant, but I'm learning - I suggest you do the same.