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35 Comments
The Credit Crisis and the U.S. Dollar
ha.
Sun, expect to get burned when you come with some truth.
But what are you proposing? What can be done?
Exposing the Fed and the complete lack of needing a fiat currency....is i guess in part what you're trying to do...you could satiate locke with some references.
Probably the best bet for anyone interested in maintaining wealth currently held in dollars and certain sectors is to get out of the USD and into essentials, yep. I agree.
...What would happen if we just burned 1/2 the money in print? Massive depression... although the economy can self-correct following this; we could carry it out over several years...?
We are being made into techno-serfs while simultaneously being told and believing everyday we somehow have more freedom. We are told we have capitalism when in fact we do not. Likewise for democracy.
If it wasn't for years of conditioning desperately clung to, i'd like to believe the other two prior commenters could read and digest what you wrote here.
Nice article.
The Bear Necessities: Law of the Jungle Rules
Maybe she is only considering Now. What is happening seems to be limited to two camps:
Either 1) We really are greedy (Fat Cats) and needy (Average Citizen)
OR
2) The financial system is specifically designed to lower the ability of the common man to improve his condition.
Think about it. Money does not have to inflate. According to the Constitution, one dollar is to be set equal to 32 some odd grains of silver, or some such standard.
The Fed usurps.
Yes, greed has always existed. Stand back and consider, however, that perhaps the system we live under at present is encouraging greed to further other objectives...such as rendering the common man a serf, a slave, an economic prisoner to an elite ruling class.
WAKE UP. PLEASE. This is not conspiracy theory gibberish. Read Creature from Jekkyl Island.
When Bear Sterns is bailed out, as with all companies prior, the weight of the burden is shifted onto the American Taxpayer, lowering incrementally their standard of living. Time and time again. This is not new. The Fed along with Congress and w/e intermediary has bailed out many banks, firms, and companies throughout the years.
My stance = do not discount someone's opinion just because it is not yours. Wall Streets' butts may not really be "spanked"...... Wall Street is owned by the same people who run this place on the human level. Why are almost all Presidents Council on Foreign Relations members? Why are the original banking interests tied up with media, economic, and governmental control? Wall Street simply shifts the burden to the taxpayer via the Fed and Congress. Do you really think they will have pained gluteals?
However, we do live in a big house even if we are oblivious to that fact. X the stress. There is room for everybody.
Michael Gould
Celtic, Cheyenne, Cherokee
Wednesday Outlook: Commodities, Emerging Markets
I read about some 20 billion packages and such...but I'm kinda hoping the Euro stays strong.
5 Reasons Why the U.S. Dollar Will Weaken Further
Does anyone recall spp.gov? Talk of the Amero? Mexico, US, Canada united much like the EU, having one currency?
At the risk of being dismissed, I offer that perhaps easy credit was deliberate to place us in this spiral, so that the dollar may be crashed out. And a new fiat money brought to us, as a savior from on high.
We'll have to wait and see.
Rate Cuts and Inflation: Linkage Overblown?
Period. Commodities are going up because 1) the USD has weaker purchasing power, and 2) investors purchase commoditities as a hedge, ride the upsurge, etc.
What can the Fed do? Resign. Would be the best option, in the long haul. Other than that, they could contract the money supply, which would mean smaller budgets across the board. FACT. We need to consider that GROWTH has reached its limits under a fiat money system.