The Destruction of the US Dollar
POSTED BY: JaynezTown
UPDATED: Thursday, October 16, 2008 00:43
VIEWED: 21107
PAGE 11 of 17
Quote:
Originally posted by Kwicko: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."
Yeah , cackle-latin' an inflation rate of a couple MILLION percent is bound to make anyone's brain hurt...
There's the rub...Zimbabwean money ain't real...US Federal Reserve Notes ain't real...
And , predators (Reavers !) ain't real...
But , hey ! Since it's phony 'money' anyway , it won't matter that hundreds of Billions more 'Notes' are destined to ensure
UN-IF-FIC-aTION , " enforce the peace " , Disarm any potential Opposers , and bring all the settlers of the world to a more equal level of Poverty , Right ?
Makes everyone feel all Warm and Fuzzy , knowing that there's a devil put aside for each of Us...
Right ?
Now we can just embrace one another , and sit around the campfire and sing happy songs...
Right ?
" The Captain's got a Plan , right ? "
" The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution.
The International Monetary Fund has abdicated into schizophrenia. It has upgraded its 2008 world forecast from 3.7pc to 4.1pc growth, whilst warning of a "chance of a global recession". Plainly, the IMF cannot or will not offer any useful insights."
<" http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourVi
ew&xml=/money/2008/07/21/ccview121.xml>
< http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=56405>
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You think that currency isn't real ? Just wait till the banks close and you can't get of that phony stuff out. Trust me, it'll hurt.
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Like gold, or wampum, or bits of metal with the head of Julius Caesar stamped onto the side - currency is as valuable as we think it is.
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Well you're right and you're wrong there Rue. True, you're not going to walk out of a WalMart with groceries for the week without notes, but there worth is based only on people's perception of what their value is.
Take, for instance, how because of the price of copper has gone up so high while the value of the dollar has gone down, because the Fed doesn't have the balls to raise interest rates, that now it is becoming lucrative to melt down pennies and cash them in. It's not making a ton right now, but if we see both of those trends continue on, we'll likely eliminate the penny altogether as we run out of lighter and cheaper metals to keep mixing with that copper.
It's really why Capitalism gets a bad name in my book. There really isn't a Free Market or even True Capitalism when you have notes that aren't backed up by anything but a promise and the big boys on top can raise or lower interest rates to effect us common folk significantly in our decisions.
"A government is a body of people, usually notably ungoverned." http://www.myspace.com/6ixstringjack
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Quote:
Originally posted by rue:
You think that currency isn't real ? Just wait till the banks close and you can't get of that phony stuff out. Trust me, it'll hurt.
No...It's not 'real'...It's not Lawful Money !
That's the whole point...'Debt' is Democratized , but Real Value , is Privatized...
Elitist , neo-Fascist Corporatocracy , coming to a neighborhood near you...
If I put my hands on any 'bank Notes' , for any reason , I'm sure to convert them to True Substance as soon as possible...
So , no worries...When the 'Alliance' decides to 'crash my accounts' , there won't be much point to it anymore...
Read the Links , Dude...
Folk can't help themselves if they're not informed...
I've noticed that Folk tend to not want to acknowledge the nature of the problem , although they do take stabs all around it...
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Quote:
Originally posted by 6ixStringJack:
Well you're right and you're wrong there Rue...
Take, for instance, how because of the price of copper has gone up so high while the value of the dollar has gone down, because the Fed doesn't have the balls to raise interest rates, that now it is becoming lucrative to melt down pennies and cash them in. It's not making a ton right now, but if we see both of those trends continue on, we'll likely eliminate the penny altogether as we run out of lighter and cheaper metals to keep mixing with that copper.
It's really why Capitalism gets a bad name in my book. There really isn't a Free Market or even True Capitalism when you have notes that aren't backed up by anything but a promise and the big boys on top can raise or lower interest rates to effect us common folk significantly in our decisions.
If folk would ever bother to re-check the Coinage Act (1792) , they'd know that the poorest folk were well protected , in the original instance...Pennies were Worth MORE than their 'face value' , so that in a worst case situation , if anyone had as much as a few cents on hand , they'd still have something of True Substance , of significant worth and VALUE , that could be traded for other commodities of worth...
Now , since 1964 , even 'Silver' coins have had their worth extracted , and they're the non-Lawful 'cupro-nickel sandwich' , in the best case...
The pennies , as it turns out , are an even more egregious abuse...They used to be solid copper , but for more than 20 years are substantially , 'copper-washed zinc' , which is banker/lawyer/politician Federal Reserve Suckerese for 'there goes your True Substance and your Lawful Money yet again , chumps !'...
A fortunate few are able to find old pennies and melt them for exchange for the 'Bank Notes of the realm'...
The Liars and Deniers persist , but they are 'Heroes' at the expense of everyone else...
Witness the Worldwide Demand for frickin' manhole covers and sewer grates as 'currency'...
That's some big dang 'Coin' for common folk to have to tote around , but hey , the desperate do what has to done...
< http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4PCTA_e
nUS286&q=stealing+manhole+covers>
< http://search.yahoo.com/search?p=stealing+manhole+covers>
Oh yeah , the 'upscale' criminals are stealing the catalytic converters off of parked cars...A hacksaw will get you into that 'business'...
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Quote:Yeah O2B, that's what I said
families using worthless bank notes to burn furnaces because it was cheaper than buying firewood.
Quote:I am well aware of hyperinflation. My MIL lived thru it.
Even paper money might have a higher value... as kindling, if nothing else
So?
Quote:I note, once again for the record, that wars, depressions, unfair taxes, and usury all existed well before the Federal Reserve... or indeed banks... came into existance. Ridding ourselves of the Federal Reserve will not eliminate those problems!
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.
Instead of trying to convince of the "bad stuff" the Fed ISN'T responsible for, why don't we focus on the problems Fed IS responsible for???
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Let's party like it's 1929.
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Quote:
Originally posted by SignyM:Quote:Yeah O2B, that's what I said
families using worthless bank notes to burn furnaces because it was cheaper than buying firewood.Quote:I am well aware of hyperinflation. My MIL lived thru it.
Even paper money might have a higher value... as kindling, if nothing else
So?Quote:I note, once again for the record, that wars, depressions, unfair taxes, and usury all existed well before the Federal Reserve... or indeed banks... came into existance. Ridding ourselves of the Federal Reserve will not eliminate those problems!
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.
Instead of trying to convince of the "bad stuff" the Fed ISN'T responsible for, why don't we focus on the problems Fed IS responsible for???
---------------------------------
Let's party like it's 1929.
Gah !
Oh , problems the Federal Reserve IS Responsible for , like Usurping the Constitutional Mandate that only Congress can 'COIN' Money...
Little Things , like THAT ? Little Things , like being the CAUSE of CHRONIC INFLATION , by 'creating Money' out of thin air , but then re-loaning it , AS IF it were REAL ?
Little Things , like giving Congress an 'inexhaustible' Open Book of BLANK CHECKS , with which to create CHRONIC , UNPAYABLE , DEBT for this Country , and thereby submit Generations of a once-FREE PEOPLE to INDENTURED SERVITUDE IN THEIR OWN HOMELAND ?
You just LOVE the FEDERAL RESERVE , don't you ? ...which isn't even FEDERAL , which isn't even a RESERVE ; and while CENTRAL BANKS all over the World are FAILING , you just want to excuse them all , and ignore the Facts of History , Facts of Economics , all the while insisting that you're Right...
Go ahead , straighten up the deck chairs ; Ask the Band to Play some Happy Tunes ; never mind about assisting the Women and the Children to the Lifeboats , Siggy wants to indulge his Fantasy that Everything is Okay , no one is really Responsible , all this has happened before...
...While RMS 'Titanic' , unsinkable though it may be , sinks inexorably toward the bottom of the icy North Atlantic...
So , poor folk using manhole covers as currency , as True Substance , still makes no impression upon You...
That redefines the Meaning of THICK , dunnit ?
At one time I had tens of millions of German Deutsch Marks , and I knew some fellows who'd survived the Nazi internments...
...One of whom is still alive...But , none of that allows me to be so dismissive of 'The Grand Sweep Of History' , in such a way as you're able to delude yourself into doing...
What DOES your Mother-In-Law have to do with this ? Did she tell you that 'everything will be all right' ?
Ignorance is still BLI$$ , for your ilk...
In all that you uncovered in your digging , you didn't take note of that term , 'seignorage' , and you didn't also apprehend that it enables 'nobles' , and 'representatives' of Governments , to foment and FINANCE wars , for Fun and Profit...
That makes you as guilty as the Evildoers...You are condemned to do Nothing about EVIL , because you elect not to recognize it...You are one of THEM...
" Forget what you think you know...Forget what your mother told you when she tucked you in at night...Forget the LIES of our cabalistic , Allied Governments..."
Okay , so if you're correct , nobody should be concerned that a number of men met IN SECRET some years ago , and that while those same men controlled between 1/6th to 1/4th of THE WORLD'S WEALTH at that time , and Established both the 'Federal Reserve' and the 'Income Tax' for their own , personal benefit , that no Folk should be concerned about it ? Despite the Fact that none of Us got to Vote on that ?
Okay , well , I haven't noticed anyone mistaking you for smart...
Just 'cause you've still not d
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Here's an excerpt from a free , and condensed , version of Hayek's book :
..." The conflict with which we have to deal is a fundamental one between two irreconcilable types of social organization, which have often been described as the commercial and the military. In either both choice and risk rest with the individual or he is relieved of both. In the army, work and worker alike are allotted by authority, and this is the only system in which the individual can be conceded full economic security. This security is, however, inseparable from the restrictions on liberty and the hierarchical order of military life - it is the security of the barracks.
In a society used to freedom it is unlikely that many people would be ready deliberately to purchase security at this price. But the policies which are followed now are nevertheless rapidly creating conditions in which the striving for security tends to become stronger than the love of freedom.
If we are not to destroy individual freedom, competition must be left to function unobstructed. Let a uniform minimum be secured to everybody by all means; but let us admit at the same time that all claims for a privileged security of particular classes must lapse, that all excuses disappear for allowing particular groups to exclude newcomers from sharing their relative prosperity in order to maintain a special standard of their own.
There can be no question that adequate security against severe privation will have to be one of our main goals of policy. But nothing is more fatal than the present fashion of intellectual leaders of extolling security at the expense of freedom. It is essential that we should relearn frankly to face the fact that freedom can be had only at a price and that as individuals we must be prepared to make severe material sacrifices to preserve it.
We must regain the conviction on which liberty in the Anglo-Saxon countries has been based and which Benjamin Franklin expressed in a phrase applicable to us as individuals no less than as nations: "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety."
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Toward a Better World
TO BUILD a better world, we must have the courage to make a new start. We must clear away the obstacles with which human folly has recently encumbered our path and release the creative energy of individuals; We must create conditions favorable to progress rather than "planning progress. " It is not those who cry for more "planning" who show the necessary courage, nor those who preach a "New Order," which is no more than a continuation of the tendencies of the past 40 years; and who can think of nothing better than to imitate Hitler. It is, indeed, those who cry loudest for a planned economy who are most completely under the sway of the ideas which have created this war and most of the evils from which we suffer.
The guiding principle in any attempt to create a world of free men must be this: A policy of freedom for the individual is the only truly progressive policy. "
< http://jim.com/hayek.htm>
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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.
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Let's party like it's 1929.
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.... and how could you say otherwise?, given that "planning progress" is at the heart of your political zeitgeist.
SergeantX
"Dream a little dream or you can live a little dream. I'd rather live it, cause dreamers always chase but never get it." Aesop Rock
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