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Debunking All Conventional Wisdom.
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Everen
Jun 3, 2013, 3:27:04 PM6/3/13
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Mr. Mike Norman (one of my mentor), Chief Economist of John Thomas Financial exposed the misinformation, of US Debt problem which is actually a Myth.
http://www.youtube.com/watch?v=4HJ54RRB7OU
I would like to add further more the US Constitution Article 1 Sec.8 para V which says…
Whereas Congress shall have the power to coin money regulate the value thereof and of foreign coin, and fix the value of weights and measures.
http://www.archives.gov/exhibits/charters/constitution_transcript.html
US Dollar is World’s Reserve Money/Currency and US is the “issuer” so if one thinks carefully, there is no point of US being insolvent or in other words cannot pay her debt.
http://www.bloomberg.com/news/2013-01-14/economics-is-platinum-what-the-trillion-dollar-coin-teaches-us.html
Here is the legal tender law:
“The Secretary may mint and issue bullion and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary’s discretion, may prescribe from time to time.”
http://monetaryrealism.com/tthe-razors-edge/#comment-13457
http://www.youtube.com/watch?v=4HJ54RRB7OU
I would like to add further more the US Constitution Article 1 Sec.8 para V which says…
Whereas Congress shall have the power to coin money regulate the value thereof and of foreign coin, and fix the value of weights and measures.
http://www.archives.gov/exhibits/charters/constitution_transcript.html
US Dollar is World’s Reserve Money/Currency and US is the “issuer” so if one thinks carefully, there is no point of US being insolvent or in other words cannot pay her debt.
http://www.bloomberg.com/news/2013-01-14/economics-is-platinum-what-the-trillion-dollar-coin-teaches-us.html
Here is the legal tender law:
“The Secretary may mint and issue bullion and proof platinum coins in accordance with such specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary’s discretion, may prescribe from time to time.”
http://monetaryrealism.com/tthe-razors-edge/#comment-13457
Genius
Jun 19, 2013, 4:15:09 AM6/19/13
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I like Mr. Norman but I don't like Mr Snowden. That's the truth my friend.
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