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The Magic of Printing Free Money: Stimulus Checks Explained
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It’s the early 1900’s, career politicians are in a pickle
You want more money from the subjects you rule over. You know how to spend their money better than they do, their money is better off in your hands.
You want more money for troubling times, when everyone was too irresponsible to prepare
They’ll instinctually look to the government for help. If you don’t offer any welfare, they’ll blame on you
But if you had money on your hands, you'll have the ability to give them some welfare, stimulus checks, unemployment insurance and benefits, some grants
The main way to make money is from taxes, but can't tax too much
If you could print free money, you'd get the same result as taxing.
The idea of the gov printing as much money as they want just doesn't sound right and reminds people of hyperinflation in places like Germany, Venezuela, Zimbabwe
Enter - the Federal Reserve - America’s money printer
The Panic of 1907 happened: stock market dropped almost 50%, there were bank runs, banks and small and large businesses declared bankruptcy
In 1910, you go to Jekyll Island with your five guests
Assistant secretary of the US treasury
Heads of the most powerful banks at the time, National City Bank of New York, JP Morgan, and Kuhn, Loeb & Company
Big bankers:
Small b
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-----------------------
It’s the early 1900’s, career politicians are in a pickle
You want more money from the subjects you rule over. You know how to spend their money better than they do, their money is better off in your hands.
You want more money for troubling times, when everyone was too irresponsible to prepare
They’ll instinctually look to the government for help. If you don’t offer any welfare, they’ll blame on you
But if you had money on your hands, you'll have the ability to give them some welfare, stimulus checks, unemployment insurance and benefits, some grants
The main way to make money is from taxes, but can't tax too much
If you could print free money, you'd get the same result as taxing.
The idea of the gov printing as much money as they want just doesn't sound right and reminds people of hyperinflation in places like Germany, Venezuela, Zimbabwe
Enter - the Federal Reserve - America’s money printer
The Panic of 1907 happened: stock market dropped almost 50%, there were bank runs, banks and small and large businesses declared bankruptcy
In 1910, you go to Jekyll Island with your five guests
Assistant secretary of the US treasury
Heads of the most powerful banks at the time, National City Bank of New York, JP Morgan, and Kuhn, Loeb & Company
Big bankers:
Small b
...
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You’re a citizen of the Soviet Union in the early-to-mid 1900’s. An average peasant that’s just trying to get by and live your life in a country that has had a very chaotic history recently. The Russian Revolution just happened in 1917. Everyone stole what they could for survival and for their own personal gain.
This is the Economics of the Russian Mafia. One of the most unique organized crime groups in history, forged in the gulags of the Soviet Union.
The Russian Mafia is very much a byproduct of Russia’s history. This is also what makes the Russian Mafia, AKA the Vory different from the Yakuza or Italian Mafia. They were joined together under the banner of being against the government and authority.
Before the Russian Revolution and Communism in 1917, Russia was ruled by monarchs, kings that they called Tsars. Then came the Revolution. That perfect storm of revolution and war led to that explosion of 7m Mafias around Russia.
The government used gulags as both a state-bui
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You have so much money coming in that you're gonna have to pay way too much to the tax man. You need a way to avoid taxes. And one of the ways to do that is by starting a “charitable foundation”.
In 2014, the CEO of GoPro, Nicholas Woodman, had just taken the company public and was all of a sudden worth $3 billion. He was giving away $500 million of GoPro stock to charity. Every news channel praised him as what they called one of America's most generous donors and put him up there with people like Bill Gates and Michael Bloomberg. He was gonna have to pay tens of millions of dollars in taxes anyways, so by simply “giving away” $500m worth of stock, he saved himself from that giant tax bill. And if you want to do the same, then it all starts with step #1: starting your charity.
The type of charitable vehicle our friend Woodman used is called a DAF. DAF’s or Donor Advised Funds are basically a charitable savings account used by the rich and powerful, like Mark Zuckerberg, Paul Allen, and the founders of WhatsApp, to control where their money goes and when. So DAFs are basically a charity savings account that is a very powerful tool to influence the world to work in your favor, while maintaining complete anonymity - and saving you taxes.
The other great option is starting a family or private foundation. Donate not just cash, but assets like shares, real estate, cars, houses, yachts and not pay capital gains taxes on those assets.
And now that your charity is set up, it’s time to fund it! Donate To Your Own Charity. Once you’ve funded your charity with your own money, why stop there? Why not get other donors in
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There are only a few things in life a man truly desires: power, money and you know what. You could get a job, start a business or you could become a famous celebrity or athlete. But there’s one more route you can take instead of sucking up to your boss, you’re the boss that people don’t just follow, but worship. And when someone worships you, you could easily get them in bed with you.
Cult leaders get so much money, power, and you know what, that it would make the kings and tyrants of the past very jealous of you. You get to sit at the top of society. Your disciples view you as their benevolent leader showing them the light to salvation.
When you think of cults, you typically imagine some rather crazy people doing weird rituals, getting abused, drinking Kool-Aid laced with cyanide voluntarily. The majority of cult members are usually smart, educated, normal good people, that just were lacking something in their lives that the cult was able to fill.
As an aspiring cult leader, the number one thing you have to understand is that people just want to feel important. This is what you're selling to your disciples. The more important they feel, the less likely they’ll ever want to go back to their normal ordinary lives.
You need to play e
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https://www.youtube.com/watch?v=SakeUvbSd88
Transaction
Created
1 year ago
Content Type
Language
video/mp4
English