iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,443 Blog Posts

One Way Out

I’ve come to this conclusion often, after going through periods of giving a fuck. “The Fly” bitching about the country is my way of caring. But let’s face it, debt is a powerful tool, intended to break nations on purpose. This debt we are saddled with will NEVER be paid down. The special interests have fleeced the treasury and credit markets for trillions. Now they’re coming for your money.

As patriots, many of you accept higher taxes because you want to help your nation–just like you supported corrupt wars against shadows that started this draining. The truth is, and I am very sorry to disappoint you, the plan is to take your coin. This will be the great finale, the closing salvo, the end.

Politicians will blame the people, specifically “the rich,” as they’ve done countless times throughout history. The only way this plot gets disrupted (wait for it), is through armed revolt or secession. I am only saying what you already know to be true. Let’s not be coy.

So as you sit there, pondering the future, worrying about your kids– just know that your money is funding the biggest ponzi scheme the world has ever known. When they are done tapping into the $87 trillion in US assets, the charade will end and you will be permitted to have your freedoms back, only then you’ll be dead.

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62 comments

  1. bobbin4apples

    first

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    • republicat

      V: People should not be afraid of their governments. Governments should be afraid of their people.

      Evey: And you are going to make that happen by blowing up a building?

      V: The building is a symbol, as is the act of destroying it. Symbols are given power by the people. Alone, a symbol is meaningless, but with enough people, blowing up a building can change the world.

      V for Vendetta

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  2. Frog

    Thanks, Fly, for acknowledging that people of many different political opinions have been trying to be patriotic in different ways.

    You are right that the Special Interest Groups have bought our government. So we need a Constitutional Amendment to get Special Interest Group money out of politics. E.g. if we get the military industrial complex companies out of politics,we could stop having unnecessary wars to fund contracts for these corporations.

    https://movetoamend.org/

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  3. bobbin4apples

    The Creature From Jekyll Island- great eye opener…http://www.youtube.com/watch?feature=player_embedded&v=lu_VqX6J93k#!

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  4. jimmy_two_times

    Gotta love Wutang Financial!

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  5. V

    Civil War part deux?

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    • bobbin4apples

      it would be great if it were the entire nation vs. the bankers and the 3 bodies of government…. 350 million vs. a few thousand… is what I mean. too bad the nation is too dumb to know what side to side with.

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  6. bobbin4apples

    Why hasn’t the world heard about it? Simple. Do you really think American media is going to let it’s people hear about such things? It might give them ideas…. Dangerous ideas that a democracy is in fact ran for the people, and the government should be afraid of the people.

    ICELAND. No news from Iceland?… why? How come we hear everything that happens in Egypt but no news about what’s happening in Iceland:

    In Iceland, the people has made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution.

    And all of this in a peaceful way. A whole revolution against the powers that have created the current global crisis. This is why there hasn’t been any publicity during the last two years: What would happen if the rest of the EU citizens took this as an example? What would happen if the US citizens took this as an example.

    This is a summary of the facts:

    2008. The main bank of the country is nationalized.
    The Krona, the currency of Iceland devaluates and the stock market stops. The country is in bankruptcy

    2008. The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.
    The country is in bad economic situation.
    A law proposes paying back the debt to Great Britain and Holland through the payment of 3,500 million euros, which will be paid by the people of Iceland monthly during the next 15 years, with a 5.5% interest.

    2010. The people go out in the streets and demand a referendum. In January 2010 the president denies the approval and announces a popular meeting.
    In March the referendum and the denial of payment is voted in by 93%. Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis, and many high level executives and bankers are arrested. The Interpol dictates an order that make all the implicated parties leave the country.

    In this crisis an assembly is elected to rewrite a new Constitution which can include the lessons learned from this, and which will substitute the current one (a copy of the Danish Constitution).
    25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly starts in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

    So in summary of the Icelandic revolution:
    -resignation of the whole government
    -nationalization of the bank.
    -referendum so that the people can decide over the economic decisions.
    -incarcerating the responsible parties
    -rewriting of the constitution by its people

    Have we been informed of this through the media?
    Has any political program in radio or TV commented on this?
    No! The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world.

    Please spread the news as Iceland is the role model now although sooner or later, the banksters will start demilishing their nationalized bank.

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  7. some_shmuck

    If the USA is madoff, then who do you suppose puts him and his army in jail?

    The fact of the matter is, the rest of the world is incompetent, riding on the coattails of their forefathers from 1,000 years ago, clamoring about the colosseum or the leaning tower of pisa or whatever their great great great great grandfathers built. They don’t even have toilet seats, truly barbaric!

    I’ve been out of this country twice, once to our retarded step brother Canada (good people, good fishing), and once in Europe. Europe has some historic sights to look at, but no way in hell would I choose to live there. We have it so unbelievably good here in America, most people do not even know. The “poor” are rich as fuck on global terms. …………..

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  8. chivo

    Fly

    You are in a prime position to effect change, running a site that gets 3M hits. Become part of the movement to achieve what you desire for your country. In today’s age, what was formerly necessary is not anymore. Technology allows information to reach the masses. It’s likely those in prominent positions in th country would rather bemoan those in the country that do not represent positives. But real change is not impossible. It’s a matter of information reaching enough people. Have your hand at that and be proud of the message you are sending.

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    • chivo

      in continuation, it’s likely you can be part of the movement that culminates in your kids’ situations being for the better. And you can be proud to show them how you contributed. Be a leader

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      • The Fly

        I am a local warlord and intend to finance the oppositions, whenever FEMA decides to imprison civilians for not paying their taxes.

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    • bobbin4apples

      word.

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  9. charlie

    Bullshit. America is the greatest nation in the history of mankind. Our reign is far from over.

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  10. dominator

    You are not advocating secession and armed revolt are you? Please tell me you’re kidding.

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    • bobbin4apples

      study history and see that civilizations revolt. It’s a fact of the universe, like death, if you agree with it or not, NO civilization is or ever will be perfectly civil. Unlike you most people will in the world are revolting against one thing or the other. All kidding aside I would assume you know and don’t want to believe.

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      • The Fly

        America was founded on revolt. There is nothing taboo about talking about the obvious.

        Nevertheless, most people are too stupid texting on their Obama phones, stuffing their faces with GMOs, watching the foolsball game on ESPN to notice.

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    • The Fly

      I am not advocating anything. I am telling you there is only one way out, and it has nothing to do with elections.

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      • dominator

        One way out of what? Move somewhere else you think is better than Princeton, thats another way out.
        Secede to Aruba or someplace. Its nice there.
        Stop with the violence bullshit.

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    • some_shmuck

      It leads to WAR, one way or another. Let’s face it, we have crippled nations for our favour.

      Fuck secession. When it boils down to it, we are still united – if some prick from another country started shit with a liberal jackass, I’d have the liberal jackass’ back (but I’d let him take a punch first).

      It might take a way to unite this country, but I have no doubt in our resolve, we are a country of winners – fuck what anybody else says the proof is in the pudding.

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  11. Fun Bobby

    Fuck the fly

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  12. JTU

    I agree that the debt can never be paid down whether or not it leeds to an armed revolt or secession remains to be seen.

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  13. Cascadian

    The debt will be paid with devaluated dollars after massive inflation. Rich guys got rich because they took out a lot of debt and paid it back with cheaper dollars. Int. rates cannot stay this low once inflation begins.

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    • The Fly

      The debt will never be paid down. In 10 years we will have more than $30 trillion in national debt.

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      • Sierra Water

        I’ll be paying my assembly workers 1 trillion / hour. . Lol.. Hyperinflation will come and the global fix will come in..

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        • It Is Showtime

          I don’t think it’s intended to be paid. You can argue what the ultimate ‘outcome’ is supposed to be. But there’s some deal, Bernanke with low rates for the economy AND interest on the debt that would just BALLOON otherwise

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    • bobbin4apples

      Inflation is in fulll swing. 2012 was an exception becasue it was election year…. look at gold prices

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    • StAug

      this is leading to a Global JUBILEE

      all debts forgiven

      creditors get fucked

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  14. buylo

    Debt? there is no debt as long as you have assets! How much you think a rich country like Canada or China would pay for the State of Alaska or Oregon or Alabama?

    Besides, by 2020 the US will be the world’s leading producer of gas and oil. Poof! Debt be gone.

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  15. chivo

    “Nevertheless, most people are too stupid texting on their Obama phones, stuffing their faces with GMOs, watching the foolsball game on ESPN to notice.”

    You couldn’t be more right. Stop being sarcastic and get serious. Be a medium of information flow and a model to follow. You could be like Dylan Ratigan.

    Here’s a first, and good, spot to start supporting:
    http://getmoneyout.com/

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  16. Marc David

    For a minute I thought I was on Scott’s blog. (implying so much focus on reality vs. the fun game)

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  17. Oldkingcoal

    Then it will be my time again.

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  18. fake amish

    Taxes are going to go apeshit on everyone. Hilarious the middle class really thinks they will skate.

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  19. fake amish

    A special warning should begin this classic Fly post. All liberal dicksuckers may have strokes while reading.

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  20. mhass33

    OK but short term your sentiment is bullish for the market

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  21. The Eye-Talian Stallion
    The Eye-Talian Stallion

    The average person will pay $2500/yr in additional taxes for 0bamaCare. And the govt will cap expenditures while reducing services. For instance lab work for a physical exam and X-Rays will come out of our pocket, sorry, not covered. The best part is that the govt will keep all of our medical records in a database to be used by any federal employee for taxing and enforcement purposes.

    Make preparations now for your families future and don’t bother giving a shit for anyone else.

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    • theedge111

      Wait until the death panels get started. Most of the cost of health care is during the last year of life.

      That $60,000 chemo that gives you an extra 3 months to live will be gone.

      A death panel will decide whether you live or die based on th cost to treat near end of life.

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  22. Chuckem

    all aboard the histrionic express

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  23. Aaron Ashcraft

    Fly:
    Argentina found a way out: they just keep defaulting on their bonds and as you know, they are being sued for this fraud.

    Argentina has been a basket case for years. I first traveled to Buenos Aires in 1980 when I was a strategic planner for Ford Motor Co. After two weeks of interviewing bankers, union officials, government officials and employees, I recommended against further investments in the country. At that time, annual inflation was 1,500% and the military had seized control of the government. Ford was paying employees every day so they could beat daily price increases.

    The USA is hell bent on following Argentina’s lead. Our politicians think they can forever borrow money to fund government assistance programs, befriend unions, raise taxes on those who invest and create jobs. They don’t know what the fuck they are doing, because they never read history!!!

    I’m 72 years old, so I might be lucky enough to die before this shit all plays out with horrendous inflation, but my children and grandchildren will end up paying the price of the corruption that has taken over the Federal government. I could just shut up and know I will be able to live well until I die, but the legacy I leave for my grandchildren will probably be worth NOTHING.

    It is a sad state of affairs.

    From my retirement location in Spain, another country that hasn’t the faintest idea how to run a government, I remain.

    Aaron Ashcraft
    Barcelona

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  24. Bilderberg Member

    “The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants” – Thomas Jefferson, November 13, 1787

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  25. William

    All fiat currencies end at zero. All of them. Check your history books.

    The USA is repeating the decline of the Roman Empire, nearly to a “T”. Bread and circuses, fleecing polit icians, and on and on. Check your history books.

    This will all end very badly when the USA defaults. There is no other solution; as Le Fly says, there is simply no way for $16 trillion (on its way to $20 trillion and actually closer to $80 trillion counting future promised entitlements) can EVER be repaid.

    Begin preparing now. It’s not gonna be pretty….

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