Harvester wrote:Seriously, I've been trying to help, shed a little light, point folks in the right direction.
Baloney. As has been pointed out time and time again, your ideas about the tax laws are wrong.
Harvester wrote:But it's hard to get any point across in this venue; I'm just one of a couple voices saying "hey, things are not what they seem" amidst a cacophony of ridicule and status quo.
You have become an object of ridicule because you keep promoting either an illegal income tax scheme whose leader has been convicted of a crime or a group of nincompoops who wouldn't know the law or the Constitution even if it was written at the first grade level. Also, you careen from topic to topic. This is a thread about Pete Hendrickson, his ridiculous theories, and the idiocy being promoted at LH. However, you leap to something else that is unrelated to the income tax laws as evidenced by the following nonsense.
Harvester wrote:You realize that from any point from 1787 to 1933 a kid could take the money his granddad left him and buy the same (or more) with it as when granddad was a kid?
So what? You realize that if a person soundly invested a portion of the money they had as a kid that the return on that money would allow his grandchildren to buy 5 to 6 times more than he could?
Harvester wrote:It cannot be done now - if I bury ten thousand dollars in the toolshed now, in fifty years it'll buy what, $400 worth?
One reason that DEFLATION occurs is when people do not spend money. Without people spending their money, the economy cannot grow, businesses contract and unemployment skyrockets.
Harvester wrote:Federal Reserve Notes deflate about 6%/ year. Federal Reserve's track record: 97% loss in 97 years.
I see your math is just as good as your reasoning skills. For a 97% loss in purchasing power over 97 years, it would take an average annual inflation rate of 3.72%, not 6%. BTW, people who hate the Federal Reserve simply do not know history. There were more economic upheavals in the period of 1813 to 1910 than there have been during 1913 to 2010. The economy was much simpler and smaller during the earlier period.
Harvester wrote:We used to have real money; silver/gold coins, but there was a little problem with PM coins- they hold their value.
Only artificially. Governments have to periodically intervene to ensure that a currency backed by precious metals stays reasonably convertible by adjusting the conversion rate. Also, in order to back the currency with precious metal, the government or central bank has to maintain a certain level of PM reserves. When the PM becomes more valuable than the set conversion rate to foreign governments and individuals, the foreign holdings of U.S. currency are exchanged for the PM and the holdings of gold or silver drop to a level where there is a danger that the currency could not be redeemed for the PM anyway. A situation such as this was a significant contributing factor to the Great Depression. You really need to study economics from reliable sources.
Light travels faster than sound, which is why some people appear bright, until you hear them speak.