Comment track records necessary, what for? US BANKRUPTCY (Score 1) 1718
Whoever Wins the White House in 2004, Loses
Those who want Bush/Kerry are going to be serious shocked. Ir just is a matter of time before the music stops. Fasten your seat belts!
I read with a great interest the posting located at: http://science.slashdot.org/comments.pl?sid=12007
Returning to the gold standard is ideologically appealing to a certain type of person, but it's totally impractical. There's just not enough gold, and new gold isn't being mined fast enough to keep up with the creation of other types of wealth. There are three possible outcomes I can think of if we tried to put the dollar back on a gold standard...
Such a comment is ludicrous. Returning to the gold standard too costly? Really? One way or another, this option will be seen as the ONLY solution. And here is why... Obviously central banking is a complete failure. But this should come as no surprise in the end. It is what happens when one agrees with the Gov't managing blank checks and credit cards. Hence allowing the lawmakers print money out of thin air. Let's take a closer look at this con-game formula that is a Fiat Money.
India and China look like Argentina before it crashed - both booms are heavy lending induced. The Euro is a disaster, most of the countries within the European union have serious deficits while lending has increased by more than 100% last year. Japan continues to battle deflation, interest rates are still near the benchmark "zero", despite all the monetary stimulus and desperately buying US dollars to keep the yen down, weaker than the dollar.
Do you really think foreign central banks are going to continue to finance such a black hole?
Yes, black hole! Right now, the US credit bubble is so monstrous that very few American citizens know the truth. How much would you ask? $280,000 debt per citizen, kids included!!!
So what does this mean? Are the world bankers and lawmakers stupid or do they have a plan? All I can say is thank you to Keynes, the architect of our current monetary system.
But here is what Keynes said in a moment of humility: "In the long run, we are all dead..... "By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some.... The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose." - Keynes Economic Consequences of the Peace, 1920 "
ROACH, in his latest article said today: this charade should come to an end after tomorrow. Well maybe not tomorrow but somewhere in 2005.
Are you ready for a global crash? The dollar collapse will ripple through the entire financial system. And a global great deflationary depression will take place.
And when the inevitable occurs, you will be thinking of this email, be remembering what Thomas Jefferson said: "The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. "
In the meantime, you ought to know that 3 US States are targeting the reform of the monetary system... who will be next? Just go to: http://www.moneyfiles.org/soundmoney.html
Although it is going to take more than one generation to heal the global economy under the gold standard, it is the heavy price tag to pay for peace for economic fallacies we were taught . The death of economy is the economy of death. All wars are debt induced and deficit-financed... all of them: http://www.financialsense.com/editorials/wallenwe
Not enough GOLD? It doesn't truly matter if we count in inches, meters or miles... do you have a problem with an 1/10 ounce of gold at $1,000? If you do, I don't. Not enough GOLD? On the surface it may seem plausible but after a while everybody can see that this explanation doesn't hold any water!
For your global crash daily updates, just go to: http://www.moneyfiles.org . Please drop us a note if you wish to join the battle for sound and honest money for the sake of Humanity. Put an end to this great worldwide deception. Sorry for ruining your day but truth must win over, no matter what.