All Forum Posts by: Account Closed

http://finance.yahoo.com/tech-ticker/article/225897/Geithners-Stress-Test-%22A-Complete-Sham%2C%22-Former-Federal-Bank-Regulator-Says

And more good ponzi stuff revealed.
http://www.pbs.org/moyers/journal/04032009/watch.html

It is good to see this making it to more mainstream media outlets. Especially the second clip. I thought I was on some conspiracy theory site and forgot it was pbs

Originally posted by Tim Wieneke:

www.barackobama.com
www.moveon.org
www.alfranken.com
www.cpusa.org
www.socialdemocraticpartyofamerica.org
www.greenpeace.org

This made me lol

Greed is here no matter what economic/political system we have. So far capitalism seems like the best way to handle it instead of a centralized power.

Milton Friedman, said it a lot better on Donahue a long time ago:

http://www.youtube.com/watch?v=RWsx1X8PV_A

Originally posted by Scott Hubbard:

The goal of the Federal Reserve is to strike a balance between GDP growth and inflation.

That is what we're sold. That is one of its functions. But not the goal. The other view is that the goal of any cartel is to protect its market share, hold its power, and ensure its survival.

I see why automobile companies can never really be a free market. Economies of scale are required and that can only happen if an entity holds a large amount of capital. The barriers to entry are too large. But in the business if issuing and controlling the supply of a fiat currency? I don't see why that needs to be centralized, and neither did our founding fathers, and many others throughout history.

That is not a free market.

Originally posted by Lee Common:

People need to realize the IMF holds 400 TONS of Gold which it borrows against..In order for them to SELL any of it, they need Congressional approval first. Watch for a bill that grants that approval. If it happens, the U.S. Dollar will be on equal footing with the Mexican Peso, a scenario that may happen regardless.

Best, Lee

That's a good call and an important point Lee. Another concern for those short term metal traders waiting for gold to shoot to the moon: The IMF could flood the market with gold and knock the price down. Though currently Russia, China and other huge buyers are looking to increase their gold supplies, so some think the IMF gold would never see the retail market and small time investors and barely affect supply.

Originally posted by Chris Trook:

I don't understand the value of gold. The only thing that makes it valuable to me is how much money it's worth. If our money becomes worthless then so does gold.

Gold is real money. Some central banks are stocking up on it now. We're programmed to have it backwards. What you're referring to as money is called fiat currency (dollars). Fiat currency has no intrinsic value. It is a piece of paper only backed by the good faith of our government.

Gold has intrinsic value because there is a limited supply, and it has been used as real money for a few thousand years. That has not changed yet. Gold is used as money reserves by central bankers today.

With gold there is no inflation long term. 3000 years ago, 200 years ago, and today, a top of the line suit costs three ounces of gold. Central bankers do not like that. The central banks will always want you to believe that inflation and that their fiat money is superior to gold. Then they try to manipulate gold prices down against the dollar. They do a good job of it, until the economy gets really bad. Every fiat currency in history has fallen. Gold never has.

When a central banking power structure has complete control over how much fiat currency it can create, we have huge bubbles and busts. The power to control the money supply is the greatest power an entity can have. It is why kings and presidents are just puppets to the central bankers. That has also always held true throughout history.

According to this article the US backs this idea as well. 'One World'

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=92207

What I wrote came out wrong. I proudly own that I am among the ranks that buy into that wacky conspiracy theory.

I meant to write: "I think even to this day, any one who speaks of the Amero is CONSIDERED a wacky conspiracy theorist"

I have heard of the Amero. I think even to this day, any one who speaks of the Amero is a wacky conspiracy theorist. We'll see!

http://www.reuters.com/article/usDollarRpt/idUSLJ93633020090319

Inflation could be pretty when that happens. Ironically it appears they still want some sort of fiat reserve currency.