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/biz/ - Business & Finance


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17993995 No.17993995 [Reply] [Original]

The Federal Reserve is about to steal TWO (2) TRILLION DOLLARS ($2000000000000) worth of Platinum from the American Treasury, from the American People.

>> No.17994014

That's not how any of what is being discussed right now works. Calm your tits.

>> No.17994017
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17994017

They know you wont use your guns
They dont care

>> No.17994018

>>17993995
Sauce?

>> No.17994076

>>17994018
Maiara Rebelo you lazy fuck.

>> No.17994085

>>17994014
Any wealth the Federal Reserve 'buys' from the US Treasury becomes ''theirs.''
Look at what happened to the gold that went to Fort Know.

>> No.17994106

>>17994018
https://www.washingtonexaminer.com/policy/economy/tlaib-proposes-minting-two-1-trillion-platinum-coins-to-finance-monthly-coronavirus-debit-cards
>>17994076
please by nice, friend

>> No.17994170

>>17994106
Any jackass can propose any bill. Keep this clickbait chaff out of the board.

>> No.17994181

>>17994017
if they weren't up to so.ething terribly bad, they wouldn't need this unconstitutional security forces

>> No.17994299

>>17994085

You're either trolling or some kind of moron.

>> No.17994388

>>17994299
The Federal Reserve is a scam.

>> No.17994419
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17994419

>>17993995
>worth of platinum
No the coins will each be 10oz of platinum with a trillion dollar face value. I don’t know why the won’t just print pic related instead.

>> No.17994421

>>17994388

You're a moron who isn't equipped to understand what is or isn't a scam. You literally think that the Treasury is about to hand over a quantity of platinum with a spot price of 2 Trillion usd to the Fed.

>> No.17994440

>>17994419

Because the laws regarding what happens to the funds from coinage and notes are different iirc. That's why it's a coin and not a note.

>> No.17994462
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17994462

I got you bros.

>> No.17994515

>>17994421
Must you be so rude? I do not know anything about the issue but wanted to start a discussion on /biz/ about it. Also, the Fed is a scam.

>> No.17994617

Hahahahahahahaha How The Fuck Is The Fed Finna Steal $2 Trillion? Hahahaha Nigga Just Print More From The Money Printer Like Nigga Its Paper Haha Brrrrrrrrr

>> No.17994642

>>17994515

Yes. You calling the Fed a scam when you don't know the basic workings of finance is like someone calling String Theory a crock of shit when they don't understand physics enough to know the difference between the strong nuclear force and the weak nuclear force.

>> No.17994676

>>17994642
There is never a valid excuse to be rude. Fraction reserve banking is dishonest and the Federal Reserve is controlled by people that don't have the American peoples best interest.

>> No.17994693

>>17994642
>Its not a scam
https://www.youtube.com/watch?v=mII9NZ8MMVM

>> No.17994758

>>17994676

This is 4chan. You literally aren't equipped to make that determination because you're clearly basing your understanding of what the Fed is and does on propaganda like >>17994693

Remember, I didn't tell you it's not a scam. I'm telling you that you aren't equipped to determine if it is or if it isn't. I've seen that video before. It's propaganda with some partially accurate information sprinkled on top of conspiracy theory.

You aren't basing your assertions on what you know. You're basing them on right-wing conspiracy theories peddled by sketchy people.

>> No.17994772
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17994772

imagine unironically believing the Fed has a legitimate role and isn't a total scam

>> No.17994806

>>17994772

Ahh, I get it now. It's morning in Russia.

>> No.17994886

>>17994806
central banks everywhere are scams, you nationalist buffoon

>> No.17994996

>>17994758
This is 4channel. How can you make such large assumptions about what I know and don't know. How can you assume that I am basing my claim (The Fed is a scam) off off of right-wing conspiracy theories? I have never seen that cute little animation.
>>17994806
But what I really want to know is your defense for the Federal Reserve. I am interested - mostly because The Feds role in finance is to scam the US Treasury and the American People.

>> No.17995151
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17995151

>>17993995

>> No.17995257

>>17995151
based

>> No.17995354
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17995354

>>17993995
Lol they followed Krugman's advice from back in the day.

https://krugman.blogs.nytimes.com/2013/01/07/be-ready-to-mint-that-coin/

>> No.17995534

>>17993995
shill
they get 20oz platinum and have to give the treasury 2 trillion debt free
THIS IS GOOD FOR USG AND BAD FOR FED

>> No.17995566

>>17994085
The coins are going to be 10 oz each man. They're about $8k each with premiums.

>> No.17995797

>>17994419
The Fed can, but they don't have to do it if congress tells them
However congress can order the Fed to buy any coin/bill with a US dollar face value, however the treasury can't print bills at all and it can only mint coins in certain denominations (for example, a 1 Oz silver coin with a 10 USD face value)
But there's a loophole where the treasury can mint any coin with any weight and face value as long as it is platinum
Then congress can order the Fed to buy the coin at it's face value, then the Fed can print the trillion dollars bill and give it to the treasury or just type in the quantity on the treasury account

>> No.17995865
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17995865

They're hinting at the Treasury once again being the lawful issuer of money but like everything else we have to read between the lines. Gold standard soon.

>> No.17996022
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17996022

I will contribute