In 1772, the UK made slavery illegal in Somerset v Stewart – Wikipedia court decision. Which was then used over the next two decades to free slaves in Canada and all other British colonies. (1) Why did the United States break from Britain’s rule.
The Truth Is: Americans, who were separated both geographically and governmentally from England, felt a renewed sense of kinship with their British brethren. This attitude began to change when King George III issued the Proclamation of 1763, which prohibited colonial expansion west of the Appalachian Mountains.
(2) Why did the United States break from Britain’s rule In 1776 for some reason America decided to break from Britain’s legal system. Since 1775, #America has had less than 20 years of peace…is your 1776 moment that
you are clinging to? Fact check in #American history …Moment of peril? #Russia or #China IS at your door? ALL The U.S WARS – Since 1775.
In 1776 on May first the illuminati was founded and took over the world
with central banks… In 1776, brave #Americans demanded #Freedom.
In our moment of peril, we must do the same. #1776Spirit In 1776 ordinary Americans craved freedom. Couldn’t help but notice 1+7+7+6 = 21 Only a blackjack can beat us.
If we were living in #1776 today – there would be a lot of people in #DC being tried for #Treason……But now the Americans are too addicted to cheap goods from #ChinaGlobalThreat. Unless Americans are motivated enough to take pride in America-made stuff, We’re doomed ! No invocation of the past will help. Peter Paul & Mary – Puff The Magic Dragon (with Lyrics) Boycott the #ChineseRegime.
“Freedom is never more than one generation away from extinction.” ―
Ronald Reagan!!!
BLM exposed as a Marxist extortion racket
07/15/2021 – 10:00 am … Senate Hearing on the Election Audit in Maricopa County Video Player (azleg.gov) even the more intelligent of us can not stop an invasion. In 2016 #Americans demanded #Freedom.
In our moment of peril, we must do the same. #2016Spirit
This is no time for sunshine patriots…The storm is upon us!
We have a real life Manchurian candidate…
We must get up every single day with renewed vigor & fight against this
WOKE culture of censorship and oppression — including the Biden admin who’s colluding with FB to censor FREE THOUGHT & expression! —
so our children & theirs continue to live in a free country!
Only criminal bankers have freedom in America.
The rest of us will live under an Orwellian fascist police state with our labor and property stolen daily. You’re a tool. Who is willing to lead from the front? All that’s required is to remove the de facto propaganda agents of the left.
US Air Force to send dozens of F-22 fighter jets to the Pacific amid tensions with China
It’s the communism, stupid! Biden’s White House finally identifies Cuba’s true problem.
Biden finally denounces communism; ‘socialism not a useful substitute.’
Biden’s rhetoric on voting laws is unhinged!!!
Masonry Religion: Freemasonry or Masonry consists of fraternal organisations that trace their origins to the local guilds of stonemasons that, from the end of the 13th century, regulated the qualifications of stonemasons and their interaction with authorities and clients. Freemasonry has been the subject of numerous conspiracy theories throughout the years. Modern Freemasonry broadly consists of two main recognition groups…
Freemasonry does recognize the existence of a Supreme Being, and new members are required to swear that they hold such a belief. Beyond that, however, Freemasonry has no religious requirements, nor does it teach specific religious beliefs. In fact, neither politics nor religion is to be discussed within a Masonic lodge.
A Democrat Always States Opposite Of What They THINK?
Equal justice for the massive crimes they have done should carry some extensive penalties.
I am with you my Christian brothers & sister. You are awesome and inspiring.
Do Christians admire lying, cheating, deceitful people, who are selfish, arrogant and unapologetic?
Must be tough having to disregard most of the Bible to blindly be led into the darkness.
Bless you and your family richly in Jesus MIGHTY name amen and amen.
Unfortunate fools not seeking are truly hurting one another.
We all should live the way the Lord wants us to
It’s obvious what sets us apart.
Patriots do things by the rule of law. We want equal justice under the law. Nobody should be above the law. With that said… ThIS is what I think is
right in America. #EqualJusticeForAll
I am a Christian. I am a Patriot. I love Jesus. I love America.
I won’t shut up. I won’t sit down. I will not conform. I will never comply.
I will NOT be silenced. I will not be brainwashed.
I will not be indoctrinated. I may bend, but I WON’T break.
I won’t water down my faith.
I won’t compromise in a world of desperation.
What has been, I cannot change, but for tomorrow and today,
I will just be a light for Future Generations!
4Him – For Future Generations (With Lyrics).
Dark2Light
Jesus is my Co-Pilot but….But Guitars Still Rule!
Best Guitarist of All Time.
Trump is still my President #VetsFirst
Thank you for your much needed voice.
I AM a man who loves his God and country.
And will fight to defend LIBERTY with my life.
I believe without our Constitution we will lose all our freedoms.
I am a constitutional conservative.
Passionate…Wide Awake…AWOKEN!!!
AMERICA HAS FALLEN | A Message From God
‘Ingraham Angle’ host takes a look at the administration’s socialist agenda. Meet Bernie Biden: The ‘Biden moderate’ brand was a total charade.
US Government Spending Impact on the Value of the Dollar (monex.com)
Why the U.S. Dollar Constantly Loses Value?
Your wealth is steadily evaporating.
Why doesn’t a dollar stretch like it used to?
BY ROBERT MORLEY
Stretch Your Dollar: Why you should consider how to make your company work better in the new norm.
Ever wonder why your dollar doesn’t seem to stretch as far as it used to?
The National Debt Clock is a billboard-sized running total display that shows the United States gross national debt and each American family’s share of the debt. It is currently installed on the western side of One Bryant Park, west of Sixth Avenue between 42nd and 43rd Streets in Manhattan, New York City.
It was the first debt clock installed anywhere. Conver$ion chart all currency
There is a simple explanation: It’s worth less. The reason? The nation’s money supply is constantly being expanded. Between 1783 and 1913, the U.S. dollar was a real store of wealth. Except during wartime periods, inflation within the United States was essentially zero. If you saved one dollar in 1800, a hundred years later you could still purchase approximately the same amount of goods with your savings.
But in 1913 something changed, and the U.S. dollar started down a long, steady road of devaluations. Using the U.S. government’s own figures, to obtain the same amount of purchasing power of $100 in 1913, you would need over $2,000 today.
In 1970, at the age of 77, Herbert W. Armstrong wrote about how as a boy his mother had asked him to “[g]o to the meat shop and get a dime’s worth of round steak. And tell the butcher to put in plenty of suet.” A “dime’s worth” meant each person in his family received a modest-sized piece of meat, plus plenty of gravy for the potatoes.
In times past, the dollar certainly stretched further.
Mr. Armstrong quoted the Labor Department’s figures for how much $5 would have purchased in 1913: 15 pounds of potatoes, 10 pounds of flour, 5 pounds of sugar, 5 pounds of chuck roast, 3 pounds of round steak, 3 pounds of rice, 2 pounds each of cheese and bacon, and a pound each of butter and coffee; that money would also get you two loaves of bread, 4 quarts of milk and a dozen eggs.
“This would leave you with 2 cents for candy,” he wrote.
Wow. At most grocery stores today, Costco Meat Prices – Beef – Eat Like No One Else with $10 you would be hard-pressed to buy a pound of round steak and a chocolate bar. What changed in 1913? (FRB) system and the nation took its first steps toward abolishing the gold standard and replacing it with a banking system that allowed for unlimited paper money to be created.
The Naked Dollar
Creation of the Fiat System
Described by Alan Greenspan in 1966, the system consisted of “regional Federal Reserve banks nominally owned by private bankers, but in fact government sponsored, controlled and supported. Credit extended by these banks is in practice (though not legally) backed by the taxing power of the federal government. … But now, in addition to gold, credit extended by the Federal Reserve banks (‘paper reserves’) could serve as legal tender to pay depositors.”
In other words, the dollar would only be partially backed by gold, and banks could create money by lending out money secured by credit from the Federal Reserve banks (even though the reserve banks did not necessarily have gold on deposit themselves). Thus the seeds of America’s first fiat (currency not backed by gold) dollar system were sown.
At that time, however, there were still restraints upon money-supply growth because the dollar was still convertible to gold upon demand. Anyone cashing in paper dollars was still legally entitled to its value in gold, so the money supply did not balloon completely out of control.
Yet by 1934, the paper money supply had expanded faster than the nation’s gold supply, so in order to prevent the nation’s gold supply from being drained, the U.S. decided to devalue the dollar—by 41 percent. Prior to 1934, an ounce of gold could be redeemed for just us$20.67, however after the revision, the U.S. government would only part with an ounce of gold in exchange for $35.
In gold terms, anyone who had a U.S. savings account lost 41 percent of its value—overnight.
Currency Devaluations of the 1930s | New World Economics
Even though the 1934 U.S. currency devaluation rocked people’s confidence in the dollar, World War ii thrust the U.S. dollar into a new status: the world’s reserve currency. Toward the end of the war, representatives of most of the world’s leading nations met to create a new international monetary system, later known as the Bretton Woods agreement. At this meeting, the war-torn and virtually bankrupt nations of the world decided that since the U.S. economy had come to dominate the globe, and because it held 80 percent of the world’s gold due to the war, they would tie their currencies to the dollar, which, in turn, could be converted into gold at $35 per ounce.
Yet under the Bretton Woods system there were still limits on how much paper money a country could create. Each country had to police its own currency or be forced into embarrassing devaluations. The U.S. itself was constrained from overprinting money because the dollar remained fully convertible into gold.
However, by 1971, America had again printed vastly more paper money than was backed by precious metal.
According to some estimates, so many paper dollars had been created that the nation’s gold supply only backed 22 percent of them. At the same time, French President Charles de Gaulle, recognizing that the dollar was losing value, had been exchanging his nation’s collection of U.S. dollars for American gold reserves. Seeing other nations following suit, U.S. President Richard Nixon closed the gold window in August 1971, no longer allowing foreigners to exchange their U.S. dollars for gold and thus ending the Bretton Woods agreement.
From that point on, America’s dollar became fiat, not backed by tangible assets. As the Federal Reserve bank of Minneapolis says, the U.S. dollar is fiat and is valuable only as long as “[p]eople are willing to accept fiat money in exchange for the goods and services they sell”—and only as long as “they are confident it will be honored when they buy goods and services.”
Since people were already in the habit of accepting paper backed by gold, Americans hardly noticed when the U.S. greenback became backed by nothing more than faith—until it started affecting their pocketbooks. Loss of the dollar’s gold backing resulted in a U.S. dollar sell-off in which foreign nations dumped dollars on the open market. This in turn caused roaring inflation and gold to spike up into the $800-per-ounce range. After the frb jacked interest rates into the high teens, both Americans and foreigners decided they would trust the government and continued using the U.S. dollar.
The U.S. now operates on what many refer to as the Bretton Woods 2 system. Although there is no formal central bank agreement (as was the case with Bretton Woods 1), many countries, especially those in Asia, have more or less informally pegged their currencies to the dollar.
This system is inherently more unstable than the previous precious-metal-based non-fiat system. Since the U.S. dollar is no longer convertible to gold, there is no theoretical limit to how much the U.S. money base can expand—
and the U.S. has been taking full advantage of this situation to increase its money supply.
Nevertheless, as one well-known economics saying goes, there’s no such
thing as a free lunch. America’s monetary expansion has been a primary driver behind the massive and continual erosion in the U.S. dollar’s purchasing power.
The Dollar’s Decline:
During Alan Greenspan’s term at the FRB alone, America’s monetary base tripled and more new money came into being than under all previous Fed Chairman combined. As the government has massively increased the money supply—doubling it in the last seven years alone—those dollars have become less valuable. So many dollars have been created that only the dollar’s status
as a reserve currency, along with the kindness of America’s trade partners, has prevented a complete dollar meltdown.
Unfortunately, these dollar supports seem to be crumbling.
Dollar conversion chart all currency
At one point, 86 percent of the globe’s transactions were denominated in dollars. Whether it was Russians and Saudis selling oil to the world, or Chinese purchasing wheat from Canada, the dollar was the primary means of payment. Thus, foreign nations needed to keep huge dollar reserves on hand. This was a gigantic plus for the dollar.
Had foreign nations not needed to increase their holdings of dollars as world trade grew, there would have been a massive wave of homeless dollars roaming the world looking to be spent, and as the supply of dollars increased, the dollar’s value would have plummeted. Instead, over the years, America has been able to get away with creating the money needed to pay its bills and finance an otherwise unaffordable standard of living.
However, the dollar’s status as a reserve currency is now being challenged. In 2005, the percentage of dollar-denominated reserves held by foreign nations was 76 percent. Now, not two years later, it is down to 65 percent.
“[T]here is a gentle and osmotic process underway,” says economic analyst Julian D.W. Phillips: “a lessening of the role of the U.S. dollar in the global reserves” (Financial Sense Online, Nov. 6, 2006).
Former Fed Chairman Alan Greenspan is also warning of possible protracted dollar dumping. “We’re beginning to see some move from the dollar to the euro, both from the private sector … but also from monetary authorities and central banks,” he said in October last year.
Although an all-out revolt against the dollar hasn’t yet occurred, clear signals are emerging that the dollar’s role as the world’s reserve currency of choice could be ending. Last year, Russia’s central bank, Sweden’s Riksbank, the Central Bank of the United Arab Emirates, Qatar Central Bank and the Central Bank of Syria all announced intentions to diversify their reserves away from the greenback.
Perhaps more worrisome is the fact that China and other Asian nations also have been hinting at diversifying out of their dollar reserve holdings. Australian Treasurer Peter Costello admonished central bankers in East Asia “to ‘telegraph’ their intentions to diversify out of American investments and ensure an orderly adjustment” (Sydney Morning Herald, Oct. 18, 2006).
Over the past several years, Central banks in China, Japan, Taiwan, South Korea and Hong Kong have spent hundreds of billions purchasing American government bonds.
In Biden’s America, Everyone is Entitled to Everything.
They have done so to support the dollar and help keep American consumers purchasing Asian-made products. If Mr. Costello is correct, however, “the strategy [has now] changed.” Recent trends suggest Asians are weaning themselves off American consumption. Consumer demand within China and Asia is growing, as is Asian trade with Europe. As the importance of Asian-American trade wanes, the incentive for Asians to support the dollar and to hold on to their massive dollar reserves is waning as well.
America’s Asian creditors are up to their necks in U.S. dollars and may now
be reaching the point where they no longer feel it is safe to hold so great a proportion of their foreign currency reserves in the dollar.
“The exchange rate of the U.S. dollar, which is the major reserve currency,
is going lower, increasing the depreciation risk for East Asian reserve assets,” warned the People’s Bank of China Deputy Governor Wu Xiaoling in November. The same month, the central bank’s governor, Zhou Xiaochuan, was quoted as saying that China has plans to diversify its assets into “many instruments,” presumably indicating a move away from the dollar.
Trump’s New Threat (msn.com)
This is big news, since China is the second-largest foreign holder of dollars
in the world after Japan. China is estimated to hold approximately 70 percent of its $1 trillion of currency reserves in U.S. dollars. It certainly seems that Chinese central-bank officials are following Costello’s advice about being up front when they plan to sell their dollars. The question doesn’t seem to be whether the Asian banks will dump dollars—it is how orderly and significant the dollar devaluation will be.
The Post World War II Boom: How America Got Into Gear – HISTORY
America’s massive monetary expansion could be about to boomerang on
itself, as it did in 1934 and 1971—only this time, the number of dollars involved absolutely dwarfs all previous currency crises. As the U.S. persistently destroys the value of the dollar by overprinting (or, more correctly, over-creating, since most money created is now digital), foreign nations are losing confidence in the dollar and its role as a reserve currency. Foreign central bank sales are the first waves of a coming dollar storm. The more that central banks dump dollars, the greater the loss of investor confidence in the dollar.
Dollar conversion chart all currency
As Congressman Ron Paul wrote in Texas Straight Talk, May 15, 2006,
“The consequences of a rapidly declining dollar are not yet fully understood by the American public. The long-term significance has not sunk in, but when it does there will be political hell to pay in Washington. Our relative wealth as a nation is measured in dollars, and the steady erosion of the value of those dollars means we will all be poorer in the future.”
MUST READ: What’s next for tech and democracy? – Knight Foundation
WE SHOULD TREAT ALL PEOPLE LIKE PEOPLE BECAUSE WE ARE ALL PEOPLE.
As much as the dollar’s value has fallen in the past, Americans must face the reality of far more dramatic drops to come.
AOC blames Cuban suffering on US ‘contributions,’ parroting Black Lives Matter (msn.com)
Warning: 5 Reasons the 2020 Recession Will Be Far Worse Than 2008 (biggerpockets.com)
Six Reasons Why the Government Is Destroying the Dollar | Financial Sense
Talk: Relationships between Jewish religious movements – Wikipedia
New World Order (conspiracy theory) – Wikipedia
Why The Government Is Destroying The U.S. Dollar :: The Market Oracle ::
Interest-Rates / US Debt By: Dan_Amerman
Why is it when the government spends the dollar is lowered in value – Bing
Why is it when the government spends the dollar is lowered in value – Bing video
Global Rush to Move Away from the US Dollar! – Bing video
Can China Stop a Revolution in Cuba? | Opinion (msn.com)
1 euro (€eur) = us dollar – Bing
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You don’t have to be a Christian to believe in moral absolutes, but you can’t call yourself a Christian, and be a moral relativist.
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A Non-theistic moral absolute is absolutely arbitrary.
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