Fiat currency

[wodgina]

Looks like Greece is a world of hurt and Gold is up.

The US's dollar strength is in it's military who's going to get it next?

The next two months is going to be very interesting.

[laterade]

Two months...The next few weeks should be interesting! Seems like every day something new comes up.

[wodgina]

yeah you're right. Even this Monday will be interesting. I think there will be riots in streets by the end of the year in the US due increasing gas prices.

Looks like we are seeing the end of the keynesian economics.

[ys]

there won't be any riots because gas prices are not subsidized.  gas riots usually happen when government stops or reduces subsidies.  on top of that gas in US is way cheaper than in Europe and people in europe do not earn more money.

US can afford to keep printing press running indefinitely as long as it remains the most stable ponzi pyramid.  euro could've given dollar a competition but thanks to a number of socialist states dollar is still the most trusted world reserve currency.  chinese economy is comparable in size but yuan is even bigger ponzi pyramid and no one trusts chinese anyway.  there is no other country with comparable economy to offer its currency as world reserve.  you can bash dollar all you want, it does not change anything because dollar has very little competition right now.

military campaigns are actually a drag for the dollar, US is getting back much less than it spends on military costs.  if not for the printing press and reserve currency status the wars would bankrupt US long time ago.

[wodgina]

You have to admit the next few weeks will be interesting. The american dollar's strength is in it's military. You've got the bombs (Denis Leary) remember.

[laterade]

The integrity of monetary systems is non existent. You know that the "Federal Reserve Bank" is not a public institution right?
I just finished this incredible documentary, everyone living on earth should, at least, see it once.

http://www.youtube.com/watch?v=JXt1cayx0hs

[ys]

what is so radical going to happen in the next few weeks? i think it'll be the same drag as the previous 52 weeks.  was there another end of the world prophecy?

[CHK91]

In other sort of related news: Ron Paul is now polling 12% 

[ys]

The integrity of monetary systems is non existent.

integrity is irrelevant, it works for now that's all that matters.  currently there are no other feasible alternatives, not gold, not silver, not oil, nothing.  supposedly worthless paper dollar is what currently works.  the theories in that video maybe the most accurate but unless they are put in practice they are as useless as dirt.

if you are paranoid about dollar collapse then i suggest you stock up with guns and ammo and start digging a bunker.  as soon as i get enough money i would probably build off-grid self sufficient compound in the middle of nowhere.   until then if you can't do anything about it it is pointless to worry about it.

[wodgina]

what is so radical going to happen in the next few weeks? i think it'll be the same drag as the previous 52 weeks.  was there another end of the world prophecy?

nothing radical will happen I said it will be interesting over the next few weeks...gold...silver..european debts. No doomsday rubbish. The 'we've got the bombs' quote was relating to the power the US has through it's military to strengthen the dollar.

I've hedged my bets lately so it's even more interesting.

[ys]

if you trading currencies, good luck to you.  greek saga would drag for years, then default will happen, so what?  eurozone is big enough to absorb greek bleep.  italian default would be a significant blow, but that'll take years to cook.

i think gold bubble will eventually burst.  it did before.

[wodgina]

I can handle it. Rather be in the midst of it rather than twiddling by thumbs.

[laterade]

I never said worry, the video gives a good presentation of an alternate POV of history. The first part of making a wise choice is to actually know what is going on, or at least have a good grasp. As far as any currency working, for a long period of time, there really is no evidence of this being a possibility.
Adopting a gold standard would be an even worse idea, because the world bankers are in possession of most of it. They would have instant control over the world if the governments went back to the gold standard. This is why we should be wary of people like Ron Paul.

... start digging a bunker...

I'd rather prepare to be a nomad. 

I can handle it. Rather be in the midst of it rather than twiddling by thumbs.

Exactly

[Brad462]

Adopting a gold standard would be an even worse idea, because the world bankers are in possession of most of it. They would have instant control over the world if the governments went back to the gold standard. This is why we should be wary of people like Ron Paul.
I'd rather prepare to be a nomad. 
Exactly

This doesn't make much sense to me. Why would adopting a gold standard be more dangerous than allowing a private bank to print money out of thin air.  If that is true why don't we see these corrupt politicians pushing for a gold standard. Every U.S. president who has tried to get rid of fiat currency ends up dead or if their lucky like Andrew Jackson they survive the attempted assasination.

Andrew Jackson: The paper-money system and its natural associations--monopoly and exclusive privileges--have already struck their roots too deep in the soil, and it will require all your efforts to check its further growth and to eradicate the evil. The men who profit by the abuses and desire to perpetuate them will continue to besiege the halls of legislation in the General Government as well as in the States, and will seek by every artifice to mislead and deceive the public servants. It is to yourselves that you must look for safety and the means of guarding and perpetuating your free institutions. In your hands is rightfully placed the sovereignty of the country, and to you everyone placed in authority is ultimately responsible. It is always in your power to see that the wishes of the people are carried into faithful execution, and their will, when once made known, must sooner or later be obeyed; and while the people remain, as I trust they ever will, uncorrupted and incorruptible, and continue watchful and jealous of their rights, the Government is safe, and the cause of freedom will continue to triumph over all its enemies.

[wodgina]

We only get the crumbs, but I'll take'em.

[sabertooth]

military campaigns are actually a drag for the dollar, US is getting back much less than it spends on military costs.  if not for the printing press and reserve currency status the wars would bankrupt US long time ago.

What you don't realize is that most of the military operations conducted by the Anglo American empire also involve economic terrorism. Ever see confession of an economic hit man. It reveals the whole scam.

Basically the empire has to maintain total economic dominance over the 2nd and third world countries, in order to maintain hegemony. They do this by subverting any 2nd world country that has the audacity to set up a monetary system outside the control of the cental banks.  Why else do you think that developing nations with huge reservoirs of natural resources are never able to develop into first world nations. Its economic terrorism and financial sabotage.

 Just study the history. Operation Ajax( the overthrow of Iran with rent a mobs), Iran contra, the assassination of the banana republic leaders who even dare try to rise up. The whole Bosnia situation was about economics, ( they where building infrastructure and developing complete independence from the central banking cartels so they had to be dealt with by exaggerating claims of genocide and then sending in NATO take out civilian structures)  what about the portrayal of Chavez in Venezuela by our media. Or the current campaign against Libya, this list could go on and on , but I hope you get the point of how and why no other country will be allowed to break free from empirical economic control of the fiat money masters.

please watch this if you wish to know the whole story, it explains how the world is being run.
http://www.youtube.com/watch?v=iKRKZqdgBXg
http://www.youtube.com/watch?v=Ux-M2k5xRBo&feature=related

I am a big fan of Max Keiser
http://www.youtube.com/watch?v=AbH1JsOTInk&feature=related
After seeing this many Greeks want max to run for president.

[wodgina]

http://www.youtube.com/watch?v=PLJu0X14vmg

[wodgina]

Things have been looking desperate over the last week.

[TylerDurden]

Why oh why hasn't some decent person assassinated Obama yet? The socialist moron has, it appears, refused a perfectly sensible amendment, forcing spending to be permanently kept within a budget so as to prevent further raising of the debt-ceiling in the future.

Admittedly, the UK also has its own appalling people who need to be bumped off, too:- Rupert Murdoch, Andy Hayman the police officer in charge of investigation into NewsCorp who let them off in return for favours, plus David Cameron, Gordon Brown etc. etc.

[sabertooth]

I still say we are seeing a controlled demolition of the world economy which is orchestrated by design in order to cull off the economic prosperity that would otherwise be a result of properly applied economics.

I can see no other reason for whats going on. At a time when there are so many advances being made there is no reason that we should be facing austere times, other than if it is being perpetrated by the elite in order to consolidate control.

Obama is a tool, Its obvious. The man has no decision making capability of his own. I hear him speak of how we are working on solutions, but he never tells the people who 'We' actually is. He seems to be speaking as a spokesman for a collectivist group, and not as the leader of the freest people of the free world.

[raw-al]

Why oh why hasn't some decent person assassinated Obama yet? The socialist moron has, it appears, refused a perfectly sensible amendment, forcing spending to be permanently kept within a budget so as to prevent further raising of the debt-ceiling in the future.

Admittedly, the UK also has its own appalling people who need to be bumped off, too:- Rupert Murdoch, Andy Hayman the police officer in charge of investigation into NewsCorp who let them off in return for favours, plus David Cameron, Gordon Brown etc. etc.

Not being an American I may be off base, but the Bushes, especially the last one was possibly the worst President that I am aware of. He is the source of the economic woes. Iraq for starters.

[zbr5]

Dear Americans, please vote on Ron Paul in 2012 -he is not only hope for USA but for the globe.

[TylerDurden]

Not being an American I may be off base, but the Bushes, especially the last one was possibly the worst President that I am aware of. He is the source of the economic woes. Iraq for starters.

  Well, Bush did introduce tax-breaks for the super-rich, as I  vaguely recall, but Obama just wants the US to go into ever higher debt, which is unsustainable.

[raw-al]

  Well, Bush did introduce tax-breaks for the super-rich, as I  vaguely recall, but Obama just wants the US to go into ever higher debt, which is unsustainable.

My observation is that the horrific costs of Iraq (hmmmm weapons of mass destruction eh... yeah right) and the horrific costs of the deregulation of the financial industry that he trumpeted with Mr Greenspan have come home to roost. Although Bushes buddies and the VP did make some serious dough ray me off of Iraq so I guess someone is ahead.

Obama has been the target of ultra right racists. A friend of mine sends me this drivel in the form of racist jokes daily. It's all so pathetic.

[raw-al]

 Well, Bush did introduce tax-breaks for the super-rich, as I  vaguely recall, but Obama just wants the US to go into ever higher debt, which is unsustainable.

If my memory serves me Clinton cleared up the debt and then Bush reintroduced it to fund his war and his super-rich buddys or as he referred to them "The Have-Mores".

Rayguns (Reagan) was the one who said that giving tax breaks to his buddys was a way of bringing the economy back up to steam but that load of nonsense has been thrown in the trash heap of "great ways to line pockets" economics.

Economists debate, whether deficit reduction, amounts to being a good thing or a bad thing. Depends on who you listen to. It started out as a Republican war cry then they forgot about it with Rayguns rush to line his buds pockets and then Clinton seemed to actually do it. Although I do not believe that any one party is accurate or holy. I am not sticking up for Republicans. Both sides are just as bad as the other.

The solution may very well be to go to a "no party" system like the republic started out in the first place.  

Or the system where the number of total votes goes to the party instead of individual elections results with winner takes all.