The Destruction of the US Dollar
POSTED BY: JaynezTown
UPDATED: Thursday, October 16, 2008 00:43
VIEWED: 21107
PAGE 14 of 17
Quote:
Originally posted by Iremist:
Not to interrupt y'alls in depth and migraine inducing conversation, BUT...
There IS nothing wrong with the US Dollar
There is NOTHING wrong with the US dollar!
There is nothing WRONG with the US dollar!
However, after scrolling through this thread, I just may invest in LEAD, preferably in 180 grain increments...............
Sorry , Misty...
If some do go to the break point , at least we have one another...
Yes , indeedy , if you do have a suitable shooting iron , the lead in those increments that you mentioned is bound to appreciate...
Wishing you and yours all possible affection and success on the road ahead...I'll be thinkin' of y'all , please DO stay in touch as you're able...
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Hell, they're currently trying to outlaw melting down old coins and selling the metal for more than the coins themselves were worth.
I hear theres a bit of that going on with US Nickles right know - and there's been some going on with Dimes for quite a while.
Of course, nobody much wants used green paper...
My primary assets are the ability to deliver repair services for small engines, appliances, and whatnot without the requirement of a supply chain or parts support, and those are of a value persistant as long as folk have stuff they want to work.
-Frem
It cannot be said enough, those who do not learn from history, are doomed to endlessly repeat it
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Quote:
Originally posted by SignyM:
If you would just read a little history, and look at the reign of the Louis XVI you'll see that despite the fact that the government had a monopoly on currency AND it created its coins out of gold there was STILL massive unemployment, poverty, injustice, debt, inequality and... ultimately.... THHHHWHACK!!!
I'm a little too busy to tackle your post point by point. I don't deny there are problems. Heck, ask anyone around here, I'm the Eeyore of capitalism and even more pessimistic about the dollar. I just don't see the Fed being the sole problem, or even the most important one.
The 'Eeyore of Capitalism' ?
Okay , well , actually that IS understandable , being that you've never actually seen True Capitalism in your Lifetime...
Same way that you've never actually known 'The Gold Standard' in your lifetime...
When my Grandfather was a little boy , and when he was a young person , he had , and he knew people who had
Gold and Silver Coin in their pockets...
And , now , we DON'T...
About the Federal Reserve , you don't know What It Is , so you sure can't know WHAT IT DOES...
That , also , is understandable...
Since you wanted to invoke Keynes , I'll indulge that , temporarily...
Here's what he had to say about inflation :
" By a continuous process of Inflation , government can confiscate secretly and unobserved an important part of the wealth of their citizens .
By this method , they not only confiscate , they confiscate arbitrarily , and while the confiscation impoverishes MANY ,
it enriches SOME .
Lenin was certainly right , ' There is no surer way of overturning a society , than to debauch the currency .'
The process engages ALL the hidden forces of Economic Law on the side of
DESTRUCTION , and does so in such a manner that only ONE MAN IN A MILLION is able to diagnose it..."
--The Economic Consequences Of Peace , John Maynard Keynes , 1920
Kind of makes it easy to be an 'Eeyore' , don't it ?
Still , it's worse than you know...
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Quote:
Originally posted by SignyM:
If you would just read a little history, and look at the reign of the Louis XVI you'll see that despite the fact that the government had a monopoly on currency AND it created its coins out of gold there was STILL massive unemployment, poverty, injustice, debt, inequality and... ultimately.... THHHHWHACK!!!
---------------------------------
Okay , admittedly , I've not taken a really-recent look at the Froggy Revolution in quite some time now , but there WERE some students of History for whom it was a much more Contemporary and relevant matter , and these were the kinds of things that they had to say :
" All the perplexities , confusion , and distress in America arise not from defects in our constitution , not from want of honor or virtue , so much as from downright ignorance of the nature of coin , credit and circulation ." --John Adams
" History records that the moneychangers have used every form of abuse , intrigue , deceit and violent means possible
to maintain their control over governments by controlling the money and its issuance ." --James Madison
" I believe that banking institutions are more dangerous
than standing armies and that the issuing power of money
should be taken from the banks and restored to governments
to whom it properly belongs ." --Thomas Jefferson
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I'm refering to a documentary, a sort of conspiracy theory, called Zeitgeist (it was on YouTube) and in one particular part it spoke of the careful manipulation of currency in the US by the Fed (which is actually a private consortium and not a government entity).
It detailed how this group was looking to control the world market and actually get rid of paper money and control things by credit with the advent of the imbedded microchip. The microchip would be placed into everyone wrist and you would be tracked by this "chip". Some of the things it talks about have already taken place and now the latest debacle of the powerful dollar has me thinking it's predictions are not far off.
Shiny! Let's be bad guys!
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Quote:
Originally posted by Shinygoodguy:
I'm refering to a documentary, a sort of conspiracy theory, called Zeitgeist (it was on YouTube) and in one particular part it spoke of the careful manipulation of currency in the US by the Fed (which is actually a private consortium and not a government entity).
It detailed how this group was looking to control the world market and actually get rid of paper money and control things by credit with the advent of the imbedded microchip. The microchip would be placed into everyone wrist and you would be tracked by this "chip". Some of the things it talks about have already taken place and now the latest debacle of the powerful dollar has me thinking it's predictions are not far off.
Shiny! Let's be bad guys!
Well , it looks like we ARE bad guys...
Like Frem noted , this is dangerous knowledge to have , and to propagate...
I looked up the Zeitgeist documentary that you mentioned , and must note that it is awesome !
It's a concise explanation of the intrigues of the Banksters , and the subsequent impacts on the somnambulant public...Here's a Link to Part 1 , for them as may need it told :
" Would you be killed in your sleep , like an ailing pet ? "
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How to resist the shocking future :
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Very interesting, I'm going to look up the website later tonight.
Thanks for the info.
Shiny! Let's be bad guys!
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Doesn't matter if it implodes. The FED can just keep on printing the stuff like it grows on trees(oops it does).....I have a wheel-barrel
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" The Americans think they are immune to the immutable laws of economic nature. They dispatched most of their industry to the Pacific Rim , then Mexico , finally a more complex mix of Asia with China the new center. With that exodus went legitimate income. In its place was the great majority of the US Economy resting atop a housing and mortgage bubble. The heretical US economists, led by the closest thing to Mr Magoo on the planet in the former US Federal Reserve Chairman, endorsed the plan as not only sound, but advanced in risk offset price modeling. Imagine Mr Magoo a knight! Now the entire model is in the process of dissolving, taking down the entire US banking system, including most lending institutions, into the sewer of acidic pits, the wasteland of dilution, or the cemetery for bankruptcy.
Long is the path to the printing press, the ultimate supposed savior of the nation. Current US Fed Chairman Bernanke once said, “But the US government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” His words are taken out of context, unfair to him. Sue me! The hidden cost is beyond description as huge, like ruin of a national financial foundation. It is a device that kills the host, hardly any solution. When the financial system is totally broken, when allies are totally betrayed, when investors are totally ransacked, when isolation is the spoils of current policy riddled with curried favor, the printing press remains to save the day.
What heresy! Usage of the printing press in large scale volume will earn the certain reward of astronomical gold and silver prices. The decisions to be made will determine whether a return to precious metal supremacy is accompanied either first by very high interest rates and uncontrollable credit derivative meltdowns, or second by suppressed controlled interest rates and total discouragement of savings from artificially low interest rates. Systemic meltdown awaits the first path, while continued pursuit of bubbles the second path. Either way, gold wins! The spoils will be devastation for the first path, but rationing for the second path. Both paths require the most dreaded device to be deployed at the last turn, the printing press. Other alternatives will have been exhausted.
A tragedy is in progress. For three years, my premises have centered on foreign-held debt leading to lost sovereignty, on the inevitable wreckage of the US banking system (first with insolvency, later with bankruptcy, finally consolidation and nationalization, and a long drawn out housing bear market made worse by the extraordinary extension at its peak. That pathogenesis is on course, in progress still, despite supposed rescues, most being horribly designed and full of the same broken devices that Voltaire warned about.
Few people think much about the Founding Fathers of the United States these days. They would be appalled, even say, I TOLD YOU SO. Thomas Jefferson warned specifically about handing over the power and authority over money to private banks, stating in clear terms that if granted, then in time the nation will lose their homes to bankers. We are there. The brilliant second president crafted the Constitution, an ignored document shredded by those who prefer war, fear, and private profit to liberty, free markets, and honest money, while they spout endlessly about freedom, national pride, and foreign threats. The menace is internal.
IMPERFECTIONS & DECEPTIONS
The Mortgage Relief Bill just signed into law should be regarded as a first pass at governmental rescue actions, the first of many. The first bill always represents the most difficult bill to pass. The succeeding bills will be easier, since the interference has been removed. The nationalization movement in mortgage finance has begun. The benefits will extend ranks to homeowners finally, and not exclusively to the banker elite as seen to the present date. One should note that the elite, primarily shareholders and bo
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