Comments by "Dangic23" (@Dangic23) on "Why The U.S. Can’t Go Broke" video.

  1. Our currency has no backing. Thats why its called fiat. The only thing securing it's value is faith in the US stability, and the Pentagon.
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  2. Lol.....the Government actually borrows from a private bank. Lady is clueless.
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  3.  @rfontesg  A private bank prints the money, or creates it in a computer, and lends it to the US Government with an interest fee.
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  4. Trump knew this....that's why he went crazy in increasing the "national debt".
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  5.  @benweya  The Fed is a private bank. It has zero relations to the US government.
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  6.  @benweya  It is a private bank...just like a Wells Fargo. The only Government relation is the appointment of the Chair. Nothing else. And the Chair doesn't answer to anyone in the Government, not even the President of the USA. Alan Greenspan explained this fact clearly during his hearing before Congress.
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  7.  @grimaffiliations3671  On paper yes. In actual real world practice, not at all.
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  8.  @grimaffiliations3671  That’s a separate issue. But yes, the Bank creates the money (debt) and loans it to the Government with Interest. Win win for the Bank. Created money out of thin air, and gets paid by the US Government
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  9.  @grimaffiliations3671  Negative. It is absolutely not an arm of the Government. It’s a private bank. And the loans are definitely not from savings. It’s money created out of nothing. With zero backing. And it’s 100% debt at the point of creation. This is Finance 101 stuff, not even a controversial issue whatsoever. But most folks here in the US do believe that the Fed is a government institution. We are a very poorly educated country.
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  10.  @grimaffiliations3671  Fed still a private bank
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  11. Keep telling yourself that if that makes you happy. It’s all good.
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  12. The private bank acts on behalf of the private banks. Entirely documented and accepted common knowledge.
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  13.  @grimaffiliations3671  Yep, the bureaucracy part is basic knowledge. Easy to find even on Wikipedia. Alan Greenspan himself stated the the Fed is above the law, independent, and that no Branch of the Government can do anything about it. Great guy.
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  14.  @grimaffiliations3671  Greenspan even wrote a book about it. You are with the 97% that believe the Fed is a government institution.
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  15.  @grimaffiliations3671  It’s all over YouTube. He mentioned it several times on interviews.
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  16.  @grimaffiliations3671  Yes Quote, context, everything.
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  17.  @grimaffiliations3671  I already did. If you really want to see it, you just search for Alan Greenspan here in YT. If you don’t want to see it, you stay here in the comments. That’s ok.
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  18.  @grimaffiliations3671  Looks like you finally found it and left the chat. But here is the clip in case you missed it. https://youtu.be/Ay2rDbqeOQA
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  19.  @RamMohammadJosephKaur  If the $ is threatened, Pentagon responds. Happened to Iraq, Iran, Venezuela, Lybia. Only China has gotten away with it....so far.
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  20. She is wrong. Government borrows from a private bank.
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  21.  @wilfredpeake9987  The di not control the Federal Reserve Bank. That's a private bank just like a Wells Fargo.
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  22.  @wilfredpeake9987  The Chair is appointed by the US President. That's where all Government influence ends. Fed Bank does not answer to anyone in Government. Alan Greenspan made this clear during his hearing in Congress
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  23.  @wilfredpeake9987  Zero influence. Trump was fighting wis his own appointee Powell for years, and Powell never did what Trump wanted.
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  24.  @wilfredpeake9987  Fed is the bank for the banks. That is where all the influence comes from.
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  25.  @wilfredpeake9987  Yes. They borrow at 0%. So anything that charge people is pure profit. And banks also create money out of thin air. Fractional banking .
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  26.  @wilfredpeake9987  The main point here is that the Federal Reserve Bank is NOT a US government agency, or institution. It is NOT part of the Government. It was created to be the Bank of the Banks.
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  27.  @wilfredpeake9987  Again...zero government influence. 100% banking industry influence.
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  28.  @wilfredpeake9987  It's not my job to give evidence. This is common knowledge.
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  29.  @wilfredpeake9987  I posted this a few times, but keeps getting deleted. Skip tp 7 : 35 https://youtu.be/ol3mEe8TH7w
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  30.  @wilfredpeake9987  Fed still works the same way. Like I mentioned before....Trump blasted his own pick for Fed Chair over and over, but Powell still operated independently, ignoring the President.
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  31.  @wilfredpeake9987  So basically it is the opposite..... The Fed dictates monetary policy....the US Government and the World obey.
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  32.  @wilfredpeake9987  You just saw it on that clip, from the horse's mouth. There are no buts about it. It is what it is. And this has been common knowledge forever. I became aware of this myself in 1994......and nothing has changed since, other than the Fed gaining even more power.
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  33. Incorrect. The Federal Government borrows money from a private bank called Federal Reserve.
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