45's tax returns

DIY-HP-LED said:

I wonder what would happen if Donald jumped on a plane on the 20th and flew off to Russia, perhaps before anybody could stop him. Perhaps someone has indictments ready to go that might prevent this though. Donald might also run to Russia on AF-1 after Nov 3rd, provided Vlad will have him, though Vlad might have a price for sanctuary, Donald is desperate and even the promise of sanctuary might buy a lot for Russia. It's his only way out, to avoid prison and humiliation, run to Vlad claiming a deep state coup while calling on his base to rise up and take the country by force.

Pardons won't work, expert legal opinion has it the SCOTUS will reject a corrupt pardon, Donald has never pardoned anybody who could be a future witness against him.

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DIY-HP-LED said:

Bankruptcy got a lot harder since the last time Donald pulled it off, the republicans changed the law awhile back. It's all moot, Donald is going to prison and his assets will be confiscated by the government or creditors. He might have some family trusts set up as insurance, but there is not much use for money in a supermax. Donald moved to Florida because of the protection the law allows for property from lawsuits, OJ moved there too. Also family trusts are involatile and can't be touched, though 30% of the income from them might be garnished.

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DIY-HP-LED said:

I wonder what would happen if Donald jumped on a plane on the 20th and flew off to Russia, perhaps before anybody could stop him. Perhaps someone has indictments ready to go that might prevent this though. Donald might also run to Russia on AF-1 after Nov 3rd, provided Vlad will have him, though Vlad might have a price for sanctuary, Donald is desperate and even the promise of sanctuary might buy a lot for Russia. It's his only way out, to avoid prison and humiliation, run to Vlad claiming a deep state coup while calling on his base to rise up and take the country by force.

Pardons won't work, expert legal opinion has it the SCOTUS will reject a corrupt pardon, Donald has never pardoned anybody who could be a future witness against him.

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hanimmal said:

Mind tossing me a links if this is not what you are talking about, or any actual reason why you are bringing it up too maybe?
https://www.law.cornell.edu/uscode/text/12/411
View attachment 4698680

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22elar said:

That's the one.
Well I read what Rob wrote about the gold standard and looked at what we are using without it currently and figured issuance was a good starting point.

Both sides seem mad that the other prints for their purpose, welfare, war ect. and it strikes me peculiar that the notes were issued for no other purpose than making advances to banks through agents. I have a few in my wallet, so am I a bank or an agent?

It seems posession (9/10 of law) would legally bind us individually to liabilities of the system was what glared out at me, but theres quite a lot there, including redemption an some lawful money alternative. Wonder why that's preserved and updated in the Statutes at Large after 107 years?

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22elar said:

That's the one.

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22elar said:

Well I read what Rob wrote about the gold standard and looked at what we are using without it currently and figured issuance was a good starting point.

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22elar said:

Both sides seem mad that the other prints for their purpose, welfare, war ect. and it strikes me peculiar that the notes were issued for no other purpose than making advances to banks through agents. I have a few in my wallet, so am I a bank or an agent?

It seems this would legally bind us individually to liabilities of the system was what glared out at me, but theres quite a lot there, including redemption an some lawful money alternative. Wonder why that's preserved and updated in the Statutes at Large after 107 years?

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hanimmal said:

Nice, thank you, I think that is why I got confused, I get in the habit of trying to not let his random noise stick in my brain. He does through out some good ones from time to time, but generally it falls into the chasing propaganda with him. I see enough 'key words' like gold, illuminati, contrails, etc and trained myself to immediately move on.



Im not sure which sides you are talking about, but how I look at the federal reserve system (and why the world trusts us enough to be the main currency) is that the way we set it up was to not give any one interest too much power over the others. It is a lot like our constitution. It was set up this way as a response to the cyclical recessions (every 2-4 years) that the wealthiest in the country could cause by doing things like staging a bank robbery in a bank that they knew couldn't meet their customer's demands without it and swoop in and buy everything up.

The people forced the government into finally having to actually stop it, but the banks still were in control over the entire economies assets not owned by the people who deposited their money into those banks.

So the Federal reserve is a quasi governmental system, The POTUS nominates the people who run it, but they serve long terms so no president can have too much sway, and that board is then independent of the WH.

In the definition, if you have cash you are the holder of the notes. If you have your money in a bank account, that bank can use those notes and lend up to 90% (assuming the percent they have to hold hasn't changed). of that amount in order for both you and the bank to earn interest on it. This interest also pays into the Federal Reserve Banking System to have things like FDIC insurance, almost always the government even gets a huge 'bonus' deposit back into the coffers because the Fed operates efficiently and has money left over that they donate.

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31 U.S. Code § 5115 - United States currency notes

www.law.cornell.edu

22elar said:

First apologies for veering off topic, I can move to another room or just on if you wish.

By sides I meant the left and the right of American politics. When Obama bailed out it was bla bla bla socialist, Trump printed tons for covid and its bla bla bla Dictator. That's what I mean.

Theres actually a whole other Title on Money that's seperate from Banks and Banking, Title 31. It contains the currency that Lincoln used to fight the Civil War but were still in print not that long ago, still may be idk:

31 U.S. Code § 5115 - United States currency notes

www.law.cornell.edu

I wonder why we didnt just use these notes instead of creating others with a different issuing authority that otherwise look exactly the same?

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schuylaar said:

i believe he will leave the country though..Jeffrey was snagged; Ghislaine too..he has a plane and will use it..maybe Canada? Melania really took a liking to Justin.

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schuylaar said:

when clinton was running it was blah blah socialist sanders with dnc taking a clear position on one of the candidates.

i hope debbie wasserman schultz burns in hell.

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22elar said:

First apologies for veering off topic, I can move to another room or just on if you wish.

By sides I meant the left and the right of American politics. When Obama bailed out it was bla bla bla socialist, Trump printed tons for covid and its bla bla bla Dictator. That's what I mean.

Theres actually a whole other Title on Money that's seperate from Banks and Banking, Title 31. It contains the currency that Lincoln used to fight the Civil War but were still in print not that long ago, still may be idk:

31 U.S. Code § 5115 - United States currency notes

www.law.cornell.edu

I wonder why we didnt just use these notes instead of creating others with a different issuing authority that otherwise look exactly the same?

Click to expand...

22elar said:

First apologies for veering off topic, I can move to another room or just on if you wish.

By sides I meant the left and the right of American politics. When Obama bailed out it was bla bla bla socialist, Trump printed tons for covid and its bla bla bla Dictator. That's what I mean.

Theres actually a whole other Title on Money that's seperate from Banks and Banking, Title 31. It contains the currency that Lincoln used to fight the Civil War but were still in print not that long ago, still may be idk:

31 U.S. Code § 5115 - United States currency notes

www.law.cornell.edu

I wonder why we didnt just use these notes instead of creating others with a different issuing authority that otherwise look exactly the same?

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hanimmal said:

https://www.law.cornell.edu/uscode/text/31/5115
View attachment 4698987

I would point to there being some arbritrary 'fixed' amount of currency notes that cannot be held as a reserve as being a bad thing that caused unnecessary problems.

https://economics.stackexchange.com/questions/166/from-an-economics-perspective-what-are-the-ramifications-of-a-currency-with-fix

The biggest I can think of was the reality of the time, with the government not being able to have a reserve system on the money in times of recessions people would hold onto their money and lead to what we are seeing today with the coins out there (not as a value but just functional issue) in the economy.

Basically the people of the time were sick of having recessions every couple years due to this problem and that is why the government created the fed in 1919-ish.

https://fred.stlouisfed.org/series/USREC
View attachment 4699014

The mega rich love the idea of a 'fixed' amount or hard asset like gold, because they gain more control over the economy, since they would be in possession of more of it. The government's ability to step in and grease the wheels when the private people are too afraid to spend is how America became able to reduce the frequency of the recessions since the fed stepped up after the great depression.

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hanimmal said:

https://www.law.cornell.edu/uscode/text/31/5115
View attachment 4698987

I would point to there being some arbritrary 'fixed' amount of currency notes that cannot be held as a reserve as being a bad thing that caused unnecessary problems.

https://economics.stackexchange.com/questions/166/from-an-economics-perspective-what-are-the-ramifications-of-a-currency-with-fix

The biggest I can think of was the reality of the time, with the government not being able to have a reserve system on the money in times of recessions people would hold onto their money and lead to what we are seeing today with the coins out there (not as a value but just functional issue) in the economy.

Basically the people of the time were sick of having recessions every couple years due to this problem and that is why the government created the fed in 1919-ish.

https://fred.stlouisfed.org/series/USREC
View attachment 4699014

The mega rich love the idea of a 'fixed' amount or hard asset like gold, because they gain more control over the economy, since they would be in possession of more of it. The government's ability to step in and grease the wheels when the private people are too afraid to spend is how America became able to reduce the frequency of the recessions since the fed stepped up after the great depression.

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22elar said:

What problems would a "fixed" rate cause? In 1950 during a quasi-gold (fixed) standard the min wage was $23.37 in right now "dollars". That doesnt seem like a big problem.

Seems like insiders (mega rich) who knew a depression would occur if the fed was going to raise rates worldwide in 1929, converted assets to hard cash beforehand and bought again at huge discounts during the depression. They didn't publish their interest rate target back then, or publicly say weather they were planning to lower or raise rates.

Seems like a lot of that is still going on these days too.

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22elar said:

What problems would a "fixed" rate cause? In 1950 during a quasi-gold (fixed) standard the min wage was $23.37 in right now "dollars". That seems like a pretty good problem to have today, no?

Seems like insiders (mega rich) who knew a depression would occur if the fed was going to raise rates worldwide in 1929, converted assets to hard cash beforehand and bought again at huge discounts during the depression. They didn't publish their interest rate target back then, or publicly say weather they were planning to lower or raise rates.

Seems like a lot of that is still going on these days too.

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hanimmal said:

The Fed screwed up before the Great Depression and tried to do what the Republicans did in 2008 and let the market melt without intervening (which was what they were designed to do), but people still wanted to do the whole 'let them pull themselves up by bootstraps' kind of system and it failed hard.

I guess you don't pay too close attention to the Fed minutes and other announcements, but they are very transparent with their changes in interest rates.
https://www.federalreserve.gov/newsevents/pressreleases.htm
View attachment 4700169


I guess the hard part is everything is relative with 'better' or 'worse'. There are pro and cons. By having a quasi government entity like the Federal Reserve in charge of the banking, we have more control over our money system, but not in the hands of politicians. And it is almost impossible for foreign nations (or mega wealthy) to have much impact on our moneys value and with the micro adjustment (might seem obscene to call billions/trillions 'micro' but for the entire daily transactions around $5 trillion moving around every day it makes more sense to think of it that way) and that is why the world uses it as the world reserve currency. Which is a huge benefit to our nation.

With a steady and mostly small amount of inflation it makes people want to use their money to grow it by investing in the economy. If the money all had a 'flat rate' of inflation people would in times of economic turmoil hold onto their money and it would lead to deflation in the crisis which is why the recessions were so bad prior to the fed becoming actively involved in stabilizing the economy with respect to inflation rates and unemployment.

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