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NYT-What should ordinary people who are struggling do? OBAMA: "Don't stuff money in your matress"
Submitted by Soli on Sun, 03/08/2009 - 01:05
This is a link to an Obama audio comment from the New York Times Sunday edition. Half way through Obama states "I don't think people should be stuffing money in their mattress." Why wouid he say that? » |
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I'm investing in
a useful metal......Lead.
"The credit expansion boom is built on the sands of banknotes and deposits. It must collapse.", www.mises.org
"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com
obama is absolutely right...
...i won't stuff cash in my mattress. i'll stimulate the economy... by spending all my money... on silver... to stuff in my mattress!
BWAHAHAHAHAHAHAHA!!!!!!!!!!!
:D
"It's just one big club... and WE ain't in it!"
"Tyrants fear nothing more than insubordination"
"It's just one big club... and WE ain't in it!"
I agree, stuffing money
I agree, stuffing money under one's mattress is stupid, but not as stupid as investing in the stock market.
If you want to support a particular company, go out and buy their product. If you want to support your local market, go out and spend your money on local goods and services. If you want to invest in yourself go out and spend your money on the tools necessary for you to become productive. Productivity is true wealth.
grant
Interesting!
Now that's a peaceful method for a revolution--Everyone pull their money out for the banks! Then again, as all banks practice fractional banking, riots would ensue, and the FDIC would print more paper money trying to honor the withdrawals, causing inflation.
Man, is our monetary and banking system messed up!
Conscience does not exist if not exercised
"No matter how cynical you get, it's impossible to keep up!
---Lily Tomlin
Conscience does not exist if not exercised
"No matter how cynical you get, it's impossible to keep up!
---Lily Tomlin
If cash is stuffed in your mattress, then your local bank
does not have it in the vault to use as reserves against which to print up new money.
If everyone cashed out their checking accounts, savings accounts and bank CD's then the whole debt based money scam would collapse.
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley
It's biblical
Do you remember Jesus's parable about the king who gave three of his slaves a bag of gold and told them to report back in a year about what they did with it? Two of them used it as capital for money making endeavors and came back with more bags of gold for the king, but the third buried his in the ground and so didn't even gain the interest he would've accumulated from a year in the bank.
I think this parable is often misintepreted. The king in this story is a brutal dictator who punishes the third slave for not cooperating in his desire for materialism, and especially for not participating in the banking system, but I believe Jesus was advocating a peaceful rebellion by following the example of that third slave.
Obama has the potential to become a brutal dictator too, and unfortunately there are millions of American slaves who won't see that and will strive to step up to do his bidding and gain his approval. In the meantime, I'm seriously considering stuffing my mattress with cash.
I've always been taught
that the gold in that parable represented God's gift of spirit and responsibility based on each person's "talents"....two went out and invested their gift, shared it with others, and gathered more converts (kinda like this little light of mine, I'm gonna let it shine)...the third one hid his away and lost what he had in the end.
Biblical interpretation is always interesting...
I know
and that's how the parable is usually interpreted. I'd go along with that interpretation myself if the king in the story was kind and benevolent like a loving God, but he isn't. In the end, takes the gold from the third slave and gives it to the slave who made him the most money, then he orders his minions to round up his enemies and kill them.
Jesus told this story right before Palm Sunday, and I believe his purpose was to warn his disciples he was not going to become a king himself and the brutal dictatorship the people lived under at the time was going to get worse before it got better.
Interesting take on it...I'm going to reread that tonight.
And it sounds like exaclty what this current administration is doing.
Stealing from those who save through inflation, while giving extra to those who overspent and were irresponsible. It's extortion!!!
I like Habakkuk Chapter 2's version the best. Read that one over again!
Woe to him who piles up stolen goods and makes himself wealthy by extortion!
&
Woe to him who builds his nest by unjust gain to set his nest on high, to escape the clutches of ruin!
&
Woe to him who gives drink to his neighbors, pouring it from wineskin till they are drunk, so that he can gaze on their naked bodies.
( sounds like something the regulators did pouring out credit until their neighbors were drunk with credit)
Why? Because Obama's
Why? Because Obama's agenda, the federal government's agenda, is not for individuals to save money and become independent. They want to be able to control us, use our resources and cause us to be collectively dependent upon the economic and governmental system.
...
because
they want you to put it in the bank so the banks can lend 100 times that amount, Or spend it either option. Every time I walk into the bank they aask me to open an account for the above reason. I tell them id rather put it in my mtress than this bank. Next time I go in i will bring some silver with me.
Because nobody wants the
Because nobody wants the IRS' grubby little hands soiling their bedsheets.
I can barely stand carrying anything to do with the FED in my wallet....like hell if I want to sleep with them!