The Destruction of the US Dollar
POSTED BY: JaynezTown
UPDATED: Thursday, October 16, 2008 00:43
VIEWED: 21107
PAGE 10 of 17
Quote:
Originally posted by SignyM:
Do you suppose you could tone down the righteousness? Your spittle is flying and it's splattering my screen.
I guess first of all, I dispute your notion of "intrinsic worth". I'm not sure I know WHAT you mean by "intrinsic worth", since it seems to wobble between "supply/demand" and "inherent properties" To clarify, do you mean...?Quote:
An intrinsic theory of value is any theory of value in economics which holds that the value of an object, good or service, is intrinsic or contained in the item itself. Most such theories look to the process of producing an item, and the costs involved in that process, as a measure of the item's intrinsic value.
OK , this is a good example...
First you tell me that you 'dispute' my facts about 'intrinsic' worth...
But then , you tell me that you don't know what I mean...
So , you're telling Us that you want to Argue about Something , but that you don't even know what it is that we're supposed to be arguing about ?
OK , so now we conclude that you've had a logic failure...
You may see something wobbling , but it's not me...
You said you didn't even want to waste your time with me...
So , Don't...
Don't bother digging up any 'theories' , names , dates , concepts , etc. , 'til you've decided to do business in a different way...
You can take everything I've said at 'face value'. That's not a currency you can find just anyplace...
A 'dollar' is not a piece of cotton rag...
Reference the Coinage Act (1792).
A Dollar is defined by specific weights and measures , or it is not Lawful Money...
You've already found every sort of information that you can possibly need , to draw correct conclusions...
You have cited all sorts of references to bolster your theories , and you still wobble...
The world is brim full of Folk like that...
And , they're what will take Us down , when they pull the plug , and get Us to circling the drain...
I've got better things to do these days...
There's a war on , for your mind...You can change your Life , if you can only change your mind...
" The hell with This , I wanna LIVE ! " -Kaylee
I can back up everything I've said , so far...
But , you just want to dig up new things to Argue about...Where does that start getting fun ?
Take just the ONE thing at a time...
If you want to get the Big Picture , you won't be able to assemble it by picking up your random pixels , and lobbing them at your screen...
We can begin at the beginning , but it has to be done with the end in mind...
You want to be Understood...Then first , seek to Understand...
Did you look up the melting point of Tungsten ?
There's a Fact in the answer , that tells something about 'Intrinsic Value'...
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I think the recent devaluation of the American dollar was a good thing, because it could make American made things more appealing in other countries, and it might wake up Americans to look for and buy American made things instead of imported junk. Here in Vermont there is a real grass roots move for people to buy locally made stuff and services. Vermont never was a large economic entity, so we won't be buying too many electronic games from local makers but an increase in local toys has been sparked.
http://swyzzlestyx.com/index.html
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Silly folk.
I can name something with a higher value in a crisis then fiat money OR precious metals OR even uncut gemstones.
Know what it is ?
Knowledge.
I can repair small engines, often with a minimum of tools and parts, even repair or rig damaged/broken parts, all with a minimum of tools that can be carried on my person.
As some folk learned during the blackout when their generators failed - supply and demand can be a total bitch, although I took pity on them and simply asked them to pass on the kindness, I *could* have been a real dick about it.
Knowledge is a power and a currency of it's own, which needs no physical manifestation to be carried around, and save for measures most extreme, cannot be stolen from you, only shared willingly.
And it is multiplied in value by giving it to others, rather than reduced.
Just something to ponder, while you're busy hacking each others eyes out over the material.
-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 Fremdfirma:
Out2 - The reason no one seems to be listenin to what yer sayin, is that belief in it is dangerous as hell to the status quo and thus, both unsafe to hold and propogate, as well as requiring a near total restructuring of stuff folk have (mistakenly) believed all their lives.
Only folk who maybe WOULD listen to you, are folks who've not yet entered our debt-slave economy as worker drones, and those are mostly powerless politically.
Such a neat little trap, isn't it ?
-F
KNOWLEDGE is good currency...
REASON is good currency...
WISDOM is even good currency , because it is the result of Knowledge and Reason...
But , the Wisdom is a currency mainly for personal use...
There's no use giving Knowledge to Folk who just want to argue about what it means , before they've even absorbed what they've already uncovered...
That's just a WASTE...
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Quote:It seems to me that I HAVE drawn the correct conclusions. IMHO the actual currency in use is only a very small part of the question. Could be salt, could be gold, could be water, could be anything that is portable and fungible. I think what you're REALLY saying is that .... unlike gold, salt, or water... the problem that paper money (and electronic bits, and notes) are only as limited in quantity as the fiscal discipline as a bunch of bankers and politicians choose to make it, which is not at all. With a high-speed printing press and good-quality paper, or a computer, it's possible to "print" as much money or create as much debt as you want.
You've already found every sort of information that you can possibly need , to draw correct conclusions...
I get that part.
I just don't think it's the whole picture.
I think we'll just have to agree to disagree on where we put the emphasis.
---------------------------------
Let's party like it's 1929.
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When all is said and done, I believe the ones who have called America home, and have the Trillions of dollars to do it are looking to the future for their families.....
It's all a big joke really....
What are we paying to foreign countries for their oil today?
That's right.... paper, that has long since been removed from gold as a standard and been burdened upon a promise among which the likes G W B and Obama make on a daily basis.
In the end, who's got the easy drilling and who's got the shale?
If I were a Rhode's Scholar, with or without a DUI ,I'd be doing the same thing.
Your great great granddaughters that aren't wearing burkahs will thank you....
"A government is a body of people, usually notably ungoverned." http://www.myspace.com/6ixstringjack
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6ix - Ya lost me there.
---------------------------------
Let's party like it's 1929.
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" He's lost in the woods...We All Are..."
Those who KNOW NOT , know not that they know not...
The Truth shall make one free...
Does it seem a coincidence , that the Federal Reserve was established in 1913 , as Siggy duly noted , and the Income Tax was , also ?
There's a lot that needs to be uncovered , in this regard :
A Talk by G. Edward Griffin
Author of The Creature from Jekyll Island
' We'll start way back in history to give some kind of historical perspective to this; we'll go back to the first century BC and the tiny kingdom of Phrygia. There was a philosopher by the name of Epictetus and it was Epictetus who said "Appearances are of four kinds: things either are as they appear to be; or they neither are nor appear to be; or they are but do not appear to be; or they are not and yet appear to be." When I read that statement for the first time, I had a big chuckle over it and I thought for sure that if Epictetus were alive today he would probably be a Harvard professor of money and banking; it sounds like so many explanations that I have read about various aspects of the Federal Reserve System. What he did was he took a fairly simple concept but by the time that he was through explaining it, we didn't have any idea what he was talking about. All Epictetus said was that appearances can sometimes be deceiving. That's all he said but by the time he was through explaining the four different ways in which they can be deceiving, we were left back at the switch somewhere.
Nevertheless, I thought, accidentally perhaps, Epictetus had given me a track to run on so-to-speak. Actually it could be the theme since if there's anything in the world that is deceiving it is the Federal Reserve System. In fact, it is one of those appearances of the fourth kind which are those appearances which are not and yet appear to be. I'm going to use that as sort of a hook on the topic. We'll come back to it from time-to-time and punctuate it if I can remember to do that because it tells us something at the most fundamental level about the Federal Reserve System and that is that appearances can be deceiving.
When I did my research on this topic I came to the startling conclusion that the Federal Reserve System does not need to be audited, it needs to be abolished. This is very intriguing to think we should audit the Fed but I discovered that probably if they audited the Fed it would get a clean bill because it's undoubtedly doing exactly what it's supposed to do according to the law. What it is supposed to do according to the law is justification for abolishing it so all we have to do is understand what the Federal Reserve System is supposed to do and we'll be pretty upset about it. The fact of the matter is that most people haven't the foggiest idea of what it is in fact supposed to do.
I came to the conclusion that the Federal Reserve needed to be abolished for seven reasons. I'd like to read them to you now just so that you get an idea of where I'm coming from, as they say. I put these into the most concise phrasing that I can to make them somewhat shocking and maybe you'll remember them:
The Federal Reserve is incapable of accomplishing its stated objectives.
It is a cartel operating against the public interest.
It's the supreme instrument of usury.
It generates our most unfair tax.
It encourages war.
It destabilizes the economy. '
' It's WORSE than you Know...
It usually is...'
LINK :
< http://www.bigeye.com/griffin.htm>
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The thing that can MAKE it happen here , is all the Folk saying , " It can't happen here..."
Here's the current version of a Central 'RESERVE' 'Bank' running amok :
" Amid echoes of the action taken by Germany to halt the hyper-inflation of the 1920s, people in Zimbabwe will tomorrow start to use a new currency introduced by the central bank to halt the African country's runaway increase in the cost of living.
Gideon Gono, the central bank governor with the unenviable record of presiding over the world's highest inflation rate, said he was no longer prepared to continue printing notes of ever higher denominations. "Ten billion dollars today, will as from August 1 be revalued to one zimdollar dollar," Gideon Gono said earlier this week.
The move follows an increase in Zimbabwean inflation to 2.2m%, with a loaf of bread costing 200bn dollars in Harare this week, and represents the government's attempt to get to grips with the economic crisis in what was once one of sub-Saharan Africa's richest countries.
Notes of higher and higher denominations have been put into circulation since the start of the year and the new $100bn bank note came into circulation in Zimbabwe only 10 days ago.
Gono has now decided, however, that the only way to restore confidence in the currency is to follow the example of the president of the Reichsbank, Horace Greeley Hjalmar Schacht, who helped bring an end to Germany's financial crisis by striking nine zeros from the currency and turning 10bn old marks into one new Rentenmark. Germany's inflationary problem in 1923 was even worse than Zimbabwe's today, with workers being paid three times a day and families using worthless bank notes to burn furnaces because it was cheaper than buying firewood. "
There's more , here's the Link :
< http://www.guardian.co.uk/business/2008/jul/31/economics.zimbabwe>
Ah well...We should look at the bright side , right ?
There are LOTS of Billionaires in Zimbabwe !
And , we ALL want to be Billionaires , Right ?
Found some more interesting reading , and what the hey , it doesn't cost anything to get :
http://www.scribd.com/doc/210030/Goldberg-The-Complete-Book-of-Greed-T
he-Strange-and-Amazing-History-of-Human-Excess-1994
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Quote:
There are LOTS of Billionaires in Zimbabwe !
And , we ALL want to be Billionaires , Right ?
All of which makes you think about it, when you hear how many billionaires have been created in the last decade or so in the United States. Sure, they're billionaires and all, but a billion ain't what it used to be! :)
"A billion here, a billion there, and pretty soon you're talking about real money!"
Unless, of course, it's Zimbabwean money...
Quoth Monty Python: "My brain hurts."
Mike
"I supported Bush in 2000 and 2004 and intellegence[sic] had very little to do with that decision." - Hero, Real World Event Discussions
I can't help the sinking feeling that my country is now being run by people who read "1984" not as a cautionary tale, but rather as an instruction manual. - Michael Mock
The Myrmidons were an ancient nation of very brave and skilled warriors as described in Homer's Iliad, and were commanded by Achilles. - Wikipedia
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