The end of commerce

Re: The end of commerce

PostBy: lsayre On: Sun Jun 01, 2014 10:15 am

samhill wrote:Then maybe we should run around the world occupying every other country we can overcome with our military might so everyone uses our money & ours alone.


That seems to be the current method, but perhaps we should adopt honest money and leave other countries alone? Do unto others as you would have others do unto you.
lsayre
 
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Re: The end of commerce

PostBy: jpete On: Sun Jun 01, 2014 11:35 am

Who needs to send the military all over the world when we have the CIA to hand out a couple grand and buy the locals to start the wars for us? *Cough*ArabSpring*coughcough*
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Re: The end of commerce

PostBy: lsayre On: Sun Jun 01, 2014 11:52 am

jpete wrote:Who needs to send the military all over the world when we have the CIA to hand out a couple grand and buy the locals to start the wars for us? *Cough*ArabSpring*coughcough*


*Cough*Ukraine*cough cough*
lsayre
 
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Re: The end of commerce

PostBy: rberq On: Sun Jun 01, 2014 12:14 pm

lsayre wrote:… if I'm a big enough military bully to force you to accept my fiat money as the world’s reserve currency and to make you buy everything of major importance that you purchase internationally with it alone, then my currency will gain tremendous value as a direct consequence.

Is that the way it really works? Doesn’t the value of the US dollar float up and down relative to other currencies, so that one day imports are cheap and the next day expensive? It is the world’s reserve currency because there’s a lot of it around and because it is comparatively stable. Not as stable as we might like, as the Federal Reserve pushes inflation – but still stable and predictable compared to many others.
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Re: The end of commerce

PostBy: lsayre On: Sun Jun 01, 2014 12:19 pm

rberq wrote:Is that the way it really works? Doesn’t the value of the US dollar float up and down relative to other currencies, so that one day imports are cheap and the next day expensive? It is the world’s reserve currency because there’s a lot of it around and because it is comparatively stable. Not as stable as we might like, as the Federal Reserve pushes inflation – but still stable and predictable compared to many others.


Try selling or purchasing crude oil anywhere in the world without carrying out the transaction in US Dollars. And the same goes for many other commodities traded internationally.
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
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Re: The end of commerce

PostBy: samhill On: Sun Jun 01, 2014 2:04 pm

Is that perhaps that they point guns during the transaction or because the U.S. Dollar is backed in good faith? Now if the world moved to precious metal where would all that come from & how would the ice cream shop owner determine if it were real or not? If we go to a gold standard once again & Omar the oil broker wants all his billions in gold then there went so many more billions in gold out of our system, much like what was happening decades ago.
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Re: The end of commerce

PostBy: lsayre On: Sun Jun 01, 2014 2:25 pm

In a world where computers can tell us at every micro-second what the valuation of one currency against another is, and where bank settlements can be achieved just as fast, why on earth should two trading nations have to first convert their currency into US Dollars before they can do business?

The truth of the matter is that per the Bretton Woods Agreement of 1944 the US Dollar was fixed to gold and the rest of the worlds currencies were fixed to the US Dollar. But when the US defaulted in 1971 and failed to settle with gold on demand as it was legally obligated to do under the agreement (passing fiat as compensation to all nations to whom we owed debts instead) the entire Breton Woods system was null and void. That is when Nixon sent the likes of Kissinger to the Middle East to hammer out protection deals (yes, like the mob) which made them one at a time "agree" (cough/choke) to accept only US Dollars in payment for oil. It wasn't always this way. The fiat currency racket is only 43 years old. And in those 43 years we have become the most hated nation on earth. Likewise in those 43 years our currency has declined in purchasing power by roughly 90%, while the world has had to grin and bear most of this loss.

And what do nations do with US Dollars after they have them? They can't give them back to us and ask for exchange with their home currency, since the US does not stockpile any foreign currencies for such purpose. They are stuck with a declining asset they never wanted in the first place. So they do the only thing they can do and buy US T-Bonds with the Dollars in the hopes of getting some level of return on their "investment", and we print more fiat currency accordingly and as a consequence.

Iraq tried to break this cycle and we crushed it. Iran is doing likewise and we would like to crush them also. But now the likes of Russia and China are just beginning to do likewise also.
Last edited by lsayre on Sun Jun 01, 2014 2:50 pm, edited 1 time in total.
lsayre
 
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Re: The end of commerce

PostBy: samhill On: Sun Jun 01, 2014 2:49 pm

If the U.S. would have given an ounce of gold for every $20. &some odd cents during a run on banks we would soon be out of gold even back then. On one hand you want to use gold & silver to stop inflation but in the other you want to receive the inflated amount of what gold & silver would be worth with the inflation.
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Re: The end of commerce

PostBy: lsayre On: Sun Jun 01, 2014 2:54 pm

samhill wrote:If the U.S. would have given an ounce of gold for every $20. &some odd cents during a run on banks we would soon be out of gold even back then. On one hand you want to use gold & silver to stop inflation but in the other you want to receive the inflated amount of what gold & silver would be worth with the inflation.


Gold was worth $35 per ounce after 1934 when the US Dollar was devalued by about 40% overnight. The system worked fine until the Vietnam War, when we began to spend more than we had. Gold does not flow only one way when it is the worlds reserve currency. It Flows both to and from, and a nation in economic balance does not loose its gold. But thanks to the Federal Reserve, we had no gold in our pockets. Only Fractional Reserve currency that was supposedly backed at 10% by gold, but in reality was not due to our fiscal irresponsibility in fighting the Vietnamese, the War On Poverty, etc... So we broke the gold reserve system willfully and intentionally and then blamed gold for it.

Why should the rest of the world suffer because we are totally fiscally irresponsible? Only power (force) can sustain this system. And such power begets hate.
lsayre
 
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Re: The end of commerce

PostBy: lsayre On: Sun Jun 01, 2014 3:12 pm

The final solution to all of this per the power trust is of course "The New World Order". A one world government with one single currency where everything will be perfect and we will all live in peace and harmony. VP Joe Biden just told the current graduating class of US Air Force Academy Cadets to go forth and create a new world order. Will they do it with love and kisses, or with planes and missiles and bombs and drones?

http://www.breitbart.com/Big-Government ... orld-Order
lsayre
 
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Re: The end of commerce

PostBy: Flyer5 On: Sun Jun 01, 2014 11:23 pm

samhill wrote:Then maybe we should run around the world occupying every other country we can overcome with our military might so everyone uses our money & ours alone. It worked out well all thru history, spoken like true chicken hawks but just who would pay for all this military might if the middle class is disappearing into the abbess of the pay nothings which will be forgotten & the top want their loopholes & business pays nothing, going to be interesting.



Our government would do just that if they were able.
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Re: The end of commerce

PostBy: lsayre On: Mon Jun 02, 2014 9:53 am

When Biden told the graduating Air Force Cadets to build a 'New World Order' he stated in the same breath that it must be one with US interests (whatever that means) in mind. Thus when they go out to bomb the world into submission they will be doing the work of forcing the nations of the world to recognize that we are the chosen ones and they are not. The key here is that we will be doing it not only for our own good, but for theirs as well. In the end all will be well and harmonious because as the worlds nations capitulate and conform to our wishes and desires they are doing what is right and proper. It almost sounds Godly, and like we are Gods chosen. And as such it is our "manifest destiny" to forge a New World Order.

But the Founders warned us to avoid foreign entanglements...
lsayre
 
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Re: The end of commerce

PostBy: samhill On: Mon Jun 02, 2014 10:15 am

And just which party is it that wants to go to war so badly that they even make up reasons in this day & age when the truth comes out so quickly? When there was a run on the demand for gold as payment in England (where the move away from gold started) that gold was leaving probably never to return leaving England with nothing to back their currency. Just like years ago it was happening here as well. How is it that these transactions are made in good faith by computer based on U.S. Dollars & not the actual physical dollar & so many around the world are more than happy to accept & hold the US dollar?
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Re: The end of commerce

PostBy: Flyer5 On: Mon Jun 02, 2014 11:33 am

samhill wrote:And just which party is it that wants to go to war so badly that they even make up reasons in this day & age when the truth comes out so quickly? When there was a run on the demand for gold as payment in England (where the move away from gold started) that gold was leaving probably never to return leaving England with nothing to back their currency. Just like years ago it was happening here as well. How is it that these transactions are made in good faith by computer based on U.S. Dollars & not the actual physical dollar & so many around the world are more than happy to accept & hold the US dollar?



Yea, it was a good thing that congress would not allow him in Syria.
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Re: The end of commerce

PostBy: samhill On: Mon Jun 02, 2014 1:00 pm

Flyer, read up on just who wanted to get directly involved in Syria. Now back on subject.
http://useconomy.about.com/od/monetaryp ... istory.htm
Why the gold standard doesn't work & if you think about it we would have been in an even worse depression than last.
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