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16 sats \ 10 replies \ @sb 22 Mar 2023
"With nations seeking to end the dollar’s status as the world’s reserve currency, the end of America’s disastrous experiment with fiat money, and with it the welfare-warfare state, could be on the horizon. "
He's such a master with words. And absolutely spot on here.
I wonder how different the world would be today if the 2012 Republican primary had gone differently...
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0 sats \ 9 replies \ @alevu 23 Mar 2023
I don't think that "master with words" apply to someone describing the US as a welfare state
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10 sats \ 8 replies \ @Undisciplined OP 23 Mar 2023
Why? The US has between 60 and 200 trillion dollars in unfunded entitlement liabilities. Sounds like a "welfare state".
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0 sats \ 7 replies \ @alevu 23 Mar 2023
Let's just say that most of the world would disagree with the American definition of a what is a welfare state. Funding private sector with public debt is not my definition of a welfare state
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0 sats \ 6 replies \ @Undisciplined OP 23 Mar 2023
That's not what happens. The bulk of Federal spending is direct transfer payments to individuals.
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0 sats \ 5 replies \ @alevu 23 Mar 2023
The bulk of social expenditure for the US is "old age" and "health". 2 area with very low social net if you're poor. Not what I call a welfare state
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10 sats \ 0 replies \ @BBitcoinUSA 23 Mar 2023
Reading “End the Fed” by Ron Paul was when I first started realizing what fiat money is all about, it is a great book in my opinion.
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0 sats \ 0 replies \ @crybaby 23 Mar 2023
how is old ron now?
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0 sats \ 0 replies \ @kepford 23 Mar 2023
Ron Paul, legend! Nails it. Dude is still going strong.
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0 sats \ 0 replies \ @0359c62f34 23 Mar 2023
Nah. They are a sign of everything staying exactly like it is, Ron Paul. Don't worry, you will still be able to live better than most people.
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