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Dollar Hegemony Is Ending

Domestic natural gas should help support the transition to a more renewable energy economy. We should have started converting our transportation system over to it years ago. Higher oil prices and loss of the reserve currency will help push it into the mainstream. 10 years would be enough time to build more nuclear power plants....assuming we have the funds to build them!

5 Reasons to Avoid the Gold Rush

If I had any faith that the central bank and the US government would do the right thing there would be no need to own gold. Based on historical data and a continued "kick the can down the road" mentality I see no other option. Our reserve currency status has been on the biggest reasons our fiat currency has been allowed to survive since 1971. It hasn’t been our responsible fiscal policies! The survival of a fiat currency is strictly based on proper management and an economy that is expanding. For continued growth cheap oil is a requirement for the US economy to keep expanding. If the USD is no longer the world reserve currency, economic expansion and low inflation in the US is not in the foreseeable future.

Deficit Spending Is Fueling the Recovery

Had I known this article had been written from a political view point I would have never read it. Now that I have read it, I must comment. Without a doubt had McCain won the election not much would have changed in dealing with the melt down. Your article would have been a more interesting read had you been a supporter of Ron Paul. I would have loved to see a different approach for a change. However I do hope they are successful, once again, at getting the drug user high without killing him. It will buy me time to better prepare for the next crash.

Not Even Geithner Can Hold Up the Dollar

Excellent analogy! The destruction of the US dollar will be a just like a company bankruptcy. Geithner and Company will use every tool to keep up stock price buying time including propaganda and mass media advertisement. As soon as the emerging markets can wean themselves off importing to the US, which it is being forced to do now, all it will take is one large foreign holder of US debt to dump their holdings. The downslide will be quick as others run to the exit.

Can We Hope to Abolish Debt-Related Tax Incentives?

We might want our debts paid down but what about the central banks? Do you really think they want us to pay our debts down? Fat chance! Interest is the life blood of the Federal Reserve System and it will be the system that brings down capitalism. The tax deductions are put in place to control behavior and that is exactly what they have done.

5 Reasons to Fear Inflation

Item number 1: Yes they are printing and handing out money but, it is simply replacing digital money that was lost and it is not flowing. The only way the money velocity will pick up is people feel like taking on debt again. I really don’t’ see that happening for some time. Item 2, no one trusts the government’s numbers , agreement here! Item #3, I don’t agree with peak oil…even if we are out of oil, we have enough natural gas and coal to replace it. The fear of peak oil will be worse than the actual event. When oil prices get high the market counters by allowing other sources of fuel to compete, natural gas comes to mind and it is cheap and plentiful. Item #4 - Yes this is true but is it just a hedge, a knee jerk reaction, or true play on a sure thing? Item #5 - This is the most convincing! If you assume the opposite of anything coming out of the central bank propaganda machine you will be right most of the time. I do believe we will have inflation but not until the fear has pasted and we are on the other side of the commercial real estate bubble popping wit unemployment back below 7%. The market will always find equilibrium and when people or banks tinker, it causes variation. When large spikes or dips occur, the market (driven by people with emotions and herd mentality) will always over shoot looking to return to equilibrium. The tough question is when? We had the deflation dip and it was masked by the printing press, now how long will it take the market to overshoot looking for equilibrium?

Unlocking the Money Matrix: Gold Price Suppression

Let’s see…..”40 – 50 years”: 1971 to present 2009 = 38 years! US debt is at a record all time high with the largest deficit in history. “..world's central bank gold reserves are at 29,698 metric tons as of June 2009, and this is a fall from the 35,582 metric tons reported in 1990”… a burn rate of 5884 tons per year puts us into year 2014 before they are out of gold. But of course there will be a point where there will not be enough gold to move prices and the burn rate into the future will not be linear. No doubt this is “tip of the financial spear” against the central banking cartel! Many things are in place when this thing comes to a head…

1.) There are several new currencies waiting to take the place of the greenback, either global from the G8 we saw last week, or the original incremental plan of the Amero.

2.) Many executive orders the president now has available to become the first dictator of the USA when this fiat empire falls.

3.) FEMA camps to hold citizens that do not act according to government officials and the infrastructure in place to run the organization.

4.) Other countries, such as the BRIC, preparing their own “rise to financial power” hoarding gold themselves protect their economies to survive the destruction of the USD.

However, at this point in time, I don’t think elite were ready for this event:

1.) The US public has not yet been disarmed. When this is attempted we know the end is near!

2.) We do not have “Universal Health Care” in place. This may be the reason for the push, with people dying from simple health issues and no access to medical attention or the organization to supply it to the masses; it will be very difficult to control the population.

3.) Cap and trade is late coming to the scene and has yet been put in place to squeeze the last bit of life from the US economy. Banksters may want world dominance but they are also very greedy and will leave no dime behind, this might be their downfall!

Maybe the Inca’s had it right, 2012 might be the end…..or it may just be a new beginning where we start over. None the less, I smile every time a “buy gold now” ad comes on TV knowing some central banker is watching, cursing, and gritting his teeth. Excellent article!

'The Wreck of the Hesperus' and the Meltdown of Global Monetary System

Beautifully written article! Every time I get into this subject, I look at my two young children and feel nothing but depression and rage at what is happening in my country and to their future. This is the first article I have read that makes me feel optimistic despite the challenges that lie ahead.

FDIC Insurance Fund - It Doesn't Actually Exist

Hey tdp2020! I recently flew in and out of Louiville KY a few weeks ago and met a militiary person at the airport. As I was talking with him, he mentioned he had been stationed at Ft. Knox. I asked him the quesiton.."Have you ever actually seen the gold in the vault?" To my surprise he told me he was one of the guards and "saw it with his own eyes"! He did say it was a smaller pile than in the past but at least it is good to hear we still have something left to guard in the vault instead of some IOUs.

FDIC Insurance Fund - It Doesn't Actually Exist

To those of us that want a return to a true gold (or other metal) backed currency this is not news. The FDIC is a device used to help calm the public about the safety of their money and prevent a run on the bank. Back in the day when a gold standard existed, if the bank made more loans on the gold than were actually in the vault and there was a run, the bank went bust and people lost their money. With a currency backed by nothing, the FDIC is simply the printing press of the Federal Reserve. With this system, the FDIC takes over a failed bank; all the holders of US dollars pay the price through inflation of the currency. The FDIC does nothing but makes the public feel better and increase the amount of risk a bank will take on knowing their depositors will be bailed out by the printing press.

Groundbreaking WSJ Story on Gold

During Armageddon or dangerous times you wouldn't use gold to buy bread! That is what silver will be used for! Gold will be used for the ammo for you gun and whiskey! Hi HO.....Silver!

The Mother of All Bubbles

I don’t dispute the article above…as outlined before; it is the crash scenario of the USD. My biggest fear is not becoming poor as a result of hyper inflation, but of the breakdown of the rule of law and the tyranny of an oppressive government. If it comes to pass, I fear the US government will use the crisis to re-write laws (i.e. Chrysler bond holders for example) or simply impose martial law and confiscate personal property and liberties. Sure you can hold guns and gold, but if they are both outlawed what then? Do American’s today have the moxie of our Founding Fathers to reconstruct the country in their image?

Back in the U.S.S.A.

Well said Comrade! I am currently trading my USDs for Rubbles at the present, so that I will not be standing in the potato line in the future. These measures are simply a feel good solution to appeal to the masses of indebted Americans that find themselves in this socialist trap. The socialist have successfully enslaved them, and the next generation, through the use of the Central Banking cartel. Oh where is our Andrew Jackson now?! This is just another step down the same deceitful winding road, but no one can deny our speed has picked up in the last few months.

California Can't Print Money

The state of California has been trampling on the constitution for many years; I don’t think this little sentence will slow them down much. Judging by California’s laws alone, I don’t think their state leaders have even read constitution and if they had, wished the document never existed. So the issuance of state IOU’s, another form of fiat money, is not outside the realm of options. I just wander where they will find the money or credit to buy one of them fancy Chinese printin’ presses like the Fed has? I don’t even think China will extend them a line of credit! As California goes, so goes the country.

5 Reasons to Avoid the Gold Rush

I find Treasury Inflation Protected Securities (TIPS) a mystery as to why anyone would buy them. You are buying a cure from the same witch doctor that created the disease (inflation) in the first place. But it only makes you feel better, it is not a cure. It doesn't include energy or food, two of the biggest expenses people incur to survive. Only a banker could have developed this scam! Steal your purchasing power and make you feel good about it!