The Front Fell off

The Front Fell off

PostBy: cArNaGe On: Thu Oct 16, 2008 4:07 am

cArNaGe
 

Re: The Front Fell off

PostBy: SAU On: Thu Oct 16, 2008 4:25 am

Yeah, now the front is falling off of the fiat currency and the world markets and the banksters are giving us the same jive talk. Ladies and gentlemen I truly do hope that you are prepared because I truly believe we are headed for a depression. Now would be an excellent time to check your preps, and do a little history research to recognize where we may very well be heading. The government is currently making the same type of moves that Hoover and FDR made in the 20s & 30s. Ask the Icelanders how it feels to have your country go bankrupt with no food on the shelves, they are experiencing it first hand as we speak. Meanwhile the South African currency has dropped 20% in one day against the dollar, they will soon be able to tell you too. All Empires come to an end, and debauched currency is always a leading indicator. America is changing under our feet and most of the citizens are oblivious to what is happening because they have placed faith in a press and government that provides little more than bread and circuses. You will not find the real news coming out of your television set, you must find it on your own, and I dare say that soon you will know the real news days before the talking heads will have the courage to say it.
SAU
 
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Re: The Front Fell off

PostBy: stovepipemike On: Fri Oct 17, 2008 8:13 am

SAU ~ Just last night a radio discussion talked about a new gold backed currency being considered. That currency would be used by anyone trading on the international market. They were saying the U.S. doesn't have much gold left to be a very active player at this time. We would keep the dollar here for domestic use. Probably all talk but you never know what these people are up to these days. Did anyone ever get on the news and tell us the big banks were getting shaky? No!
stovepipemike
 
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Re: The Front Fell off

PostBy: SAU On: Fri Oct 17, 2008 11:50 pm

It's kind of a heady subject but I think a large portion of what will be our downfall will be the Marshall plan and the Bretton Woods agreement not to mention the Federal Reserve Act. When we bailed Europe out after WWII, it was the precursor for the dollar becoming the reserve currency of the world. You say "what's the problem? We've become rich by passing our buck." Yes, we have enjoyed good times, but each and every one of those dollars is a Federal Reserve Note. Note means debt! Each dollar spent into existence is a note of debt. Who holds all of our debt? China, Russia, Japan, The middle eastern states. A bunch of our enemies. Venezuela is our third largest supply of oil led by Canada and Mexico. Mexico is running out. So keep on printing those notes of debt. The problem we see now is that the banks are dirty and unwilling to lend to one another, which is exasperated by the consumer being maxed out. If the consumer doesn't take loans then the only money being created is the money created when the government sells bonds to the Federal Reserve. The Government can not create money as fast as the consumer can so the velocity of money slows to a crawl. Sure the government could take another $700,000,000,000 loan (note) and have the Fed monetize it, but then the current dollar holders like China would start to cash in because they don't want to be holding valueless dollars. I hope I'm wrong but I think it is going to get much worse before it gets better.

Has anyone heard the word "Derivative" in the news? There are twentyfour trillion dollars in outstanding derivatives floating around out in high finance country but there are only about twenty trillion U.S. dollars in existence... "What, me worry?"
SAU
 
Stove/Furnace Make: Vermont Castings/Nordic Stove
Stove/Furnace Model: VIGILANT II 2310/Erik Jr. HH