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How The U.S. Dollar Will Be Replaced

May 15, 2012 by  

How The U.S. Dollar Will Be Replaced
PHOTOS.COM
The dollar is running out of time. Events that are likely to take place in 2012 may lead to the currency's downfall.

The great frustration of being actively involved in the liberty movement is the fact that many people are rarely on the same page (or even the same book) during political and economic discussion. Where we see the nature of the false left/right paradigm, they see “free democracy.” Where we see a tidal wave of destructive debt, they see a “responsible government” printing and spending in order to protect our “best interests.” Where we see totalitarianism, they see “safety.” Where we see dollar devaluation, they see dollar strength and longevity. Ultimately, because the average unaware citizen is stricken by the disease of normalcy bias and living within the doldrums of a statistical fantasy world, he simply has no point of reference by which to grasp the truth when exposed to it. It’s like trying to explain the concept of “color” to a man who has been blind since birth.

Americans in particular are prone to reactionary dismissal when exposed to facts that disrupt their misconceptions. Our culture experienced a particularly prosperous age, not necessarily free from all trouble, but generally spared from widespread mass tragedy for a generous length of time. This tends to breed within societies an overt and unreasonable expectation of ease. It generates apathy and laziness.

Several economic events are likely to take place this year, including the exit of peripheral countries from the European Union, the conflict between austerity and socialist spending in France and Germany, the development of bilateral trade agreements between China and numerous other countries that cut out their reliance on the U.S. dollar and the announcement of quantitative easing III (aka QE3) by the Federal Reserve. All of these elements are leading in one direction: the end of the greenback as the world reserve currency.

Some people question how it would be even remotely possible that the dollar could be replaced. The concept is so outside their narrow worldview that they cannot fathom it.

The question is a viable one. How could the dollar be unseated?

The Dollar A Safe Haven?

Believing that the dollar is a safe haven is lunacy based on multiple biases. For some people, the dollar represents America. A collapse of the currency would suggest a failure of the republic and, thus, a failure by them as individual Americans. By extension, it becomes “patriotic” to defend the dollar’s honor and deny any information that might suggest it is on a downward spiral.

Other people see how the investment world clings to the dollar as a kind of panic room, a protected place where one’s savings will be insulated from crisis. However, just because a majority of day-trading investors are gullible enough to overlook the greenback’s pitfalls does not mean those dangerous weaknesses disappear.

There is only one factor that shields the dollar from implosion: its position as the world reserve currency. Without this exalted status, the currency’s value vanishes. Backed by nothing but massive debt that cannot be repaid, it sits frighteningly idle — like a time bomb waiting for the moment of ignition.

The dollar is valuable only so long as foreign investors believe we will pay back the considerable debts we owe, and that we will not hyperinflate in the process. If they ever begin to see their purchases of dollars and treasuries as a gamble instead of an investment, the façade falls away.

The epic dysfunction of the dollar is rooted in its reliance on perception instead of tangible wealth or strong fundamentals. Indeed, it is like any other fiat mechanism, with all the inevitable pitfalls built into its structure.

Ironically, the value of the U.S. Dollar Index is measured not by its intrinsic buying power or its historical buying power, but its arbitrary buying power in comparison with other collapsing fiat currencies. The argument I hear most often when pointing out the calamitous path of the dollar is that it is the go-to safe haven in response to the crisis in Europe. What the financially inept don’t seem to grasp is that the shifting of savings back and forth between the euro and the dollar is just as irrelevant to our currency’s survival as it is to Europe’s. Both currencies are in decline, and this is evident by the growing inflationary pressures on both sides of the Atlantic. Ask any consumer in Greece, Spain, France or the U.K. how shelf prices have changed in the past four years, and they will say the exact same thing as any consumer in the United States: Prices have gone way up. Therefore, it makes sense to compare the dollar’s value not to the euro, but something more practical, like the dollar of the past.

In 1972, just as President Richard Nixon was removing the dollar from the last vestiges of the gold standard, a new car cost an average of $4,500. A home cost about $40,000. A gallon of gas cost 36 cents. A loaf of bread cost 25 cents. A visit to the doctor’s office cost $25. Wages were certainly lower, but they kept much better pace with the prices of the era. Today, the gap between wages and inflation is insurmountable. The average family is unable to keep up with the pace of rising prices.

According to the historic buying power of the dollar, the currency is a poor safe-haven investment. With the advent of bailout efforts and debt monetization through quantitative easing, its devaluation has been expedited dramatically. The question then arises: Why do foreign countries continue to buy in on the greenback?

The Dollar Dump Has Already Begun

One of my favorite arguments by those defending the dollar is the assertion that no foreign country would dare to dump the currency because they are all too dependent on U.S. trade. The reality is that foreign countries are calmly and quietly dumping the dollar as a global trade instrument.

To those people who consistently claim that the dollar will never be dropped, my response is, it already has been dropped! China, in tandem with other BRICS nations (members of the bloc of Brazil, Russia, India, China and South Africa), has been covertly removing the greenback as the primary trade unit through bilateral deals since 2010. First China and Russia turned their backs on the dollar; the entire ASEAN trading bloc (Association of Southeast Asian Nations) and numerous other markets, including Japan, have followed suit.

China in particular has been preparing for this eventuality since 2005, when it introduced the first yuan-denominated bonds. The bonds were considered a strange novelty back then, especially because China had so much surplus savings that it seemed outlandish for them to take on treasury debt. Today, the move makes a lot more sense. With the proliferation of the yuan and the conversion of the Chinese economy away from dependence on exports toward a more consumer-based economy, the Chinese have effectively decoupled from its reliance on U.S. markets. Would a collapse in the U.S. hurt China’s economy? Yes. Would it survive? Oh, yes — far better than America would, at least.

In 2008, I warned of this development and was attacked on all sides by more mainstream economists and Keynesian proponents who stated that such a development was impossible. Today, it’s common knowledge that our primary creditors are “diversifying” away from the dollar, though mainstream media talking heads and those who parrot them still claim that this is not a threat to our economy.

The true threat to the dollar’s supremacy is not the constant printing by the private Federal Reserve (though that is a nightmare in the making), but the loss of faith in our currency as a whole. What’s the bottom line? A dollar collapse is not “theory” but undeniable fact, driven by concrete action on the part of the very nations that have until recently propped up our debt obligations. It is only a matter of time before the dollar diminishes and fades away. All signs point to a loss of reserve status in the short term.

What Will Replace The Dollar?

My next favorite argument in defense of the greenback is the assertion that there is “no currency in a position to take the dollar’s place if it falls.” That assertion is based on a naïve assumption that the dollar will not fall unless there is another currency to replace it. I’m not sure who made up that rule, but the dollar is perfectly able to be flushed without a replacement in the wings. Economic collapse does not follow logical guidelines or the personal pet peeves of random economists.

But, to be fair, there is actually a replacement already conveniently ready to roll forward. The IMF for a couple of years now has openly called for the retirement of the dollar as the world reserve currency, to be supplanted by the elitist organization’s very own “Special Drawing Rights” (SDRs).

The SDR is a trading mechanism created in the early 1970s to replace gold as the primary means of international trade between foreign governments. Today, it has morphed into a basket of currencies that is recognized by almost every country in the world and is in a prime position to take the dollar’s place in the event that it loses reserve status. This is not theory; this is cold, hard reality. Even the U.S. Post Office now uses conversion tables that denominate costs in SDRs.

Men who promote the philosophies of globalization greatly desire the exaltation of a global currency. The dollar, though a creation of a central bank, is still a semi-sovereign monetary unit. It is an element that is getting in the way of the application of the global currency dynamic. I find it rather convenient (at least for those who subscribe to globalism) that the dollar is now in the midst of a perfect storm of decline just as the IMF is ready to introduce its latest fiat concoction in the form of the SDR. I find the blind faith in the dollar’s lifespan to be rife with delusion. It is not a matter of opinion or desire, but a matter of fact that currencies in such tenuous positions fall and are replaced. I believe the evidence shows that this is a deliberate process, leading toward the globalist ideal: an unaccountable economic or governing body that operates an economic system utterly devoid of transparency and responsibility.

The dollar was a median step toward a newer and more corrupt ideal. Its time is nearly over. This is open, it is admitted, and it is being activated as you read this. The speed at which this disaster occurs is really dependent on the speed at which our government and our central bank decide to expedite doubt. Doubt in a currency is a furious omen, costing not just investors, but an entire society. America is at the very edge of such a moment. The naysayers can scratch and bark all they like, but the financial life of a country serves no person’s emphatic hope. It burns like a fire. Left unwatched and unchecked, it grows uncontrollable and wild until there is nothing left to fuel its hunger, and it chokes in a haze of confusion and dread.

–Brandon Smith

Brandon Smith

is the founder of the Alternative Market Project, an organization designed to help you find like-minded activists and preppers in your local area so that you can network and construct communities for barter and mutual aid. Join Alt-Market.com today and learn what it means to step away from the unstable mainstream system and build something better. You can contact Brandon Smith at: brandon@alt-market.com

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  • nc

    Brandon says “step away from the main stream (economic) system” and join HIS ALTERNAIVE MARKET PROJECT for a better economic system!

    Where have I heard that before??? It sounds SO familiar!! OH YES! Now I remember! It was in 2000 when george (daddy;s boy) bush said elect me and I will change to trickle down economics and improve on the Clinton economy! (THE STRONGEST ECONOMY WE HAVE EVER HAD)!!!! The rest is history!! Bad history!! Didn’t work and we are still paying the price for bush’s piece of s**t economy!

    • Sirian

      nc,
      You’re always ranting about Bush, Republicans, conservatives or the “right”. HA, you’re so blind to what has been coming down on all of us – you included – from both sides your posts have really become comical. You’re getting more senile than you realize, that’s for sure.

      • http://www.facebook.com/profile.php?id=100003309707389 Tom W.

        You can’t be talkin’ about nc Sirian! LOL!!!

      • nc

        Sirian, the reason I rant against Republicans is because they are the only real competition that the Democrats have ever had in leading this country to number one in the world! Getting here and staying here was no accident! It took leadership and the “true conservatives” have offered none of it because they could never get elected!!

        So all they do is stand back and throw rocks at the leaders and hatch up conspiracy theories as to why they never get to run the show!! THERE AIN’T ENOUGH OF THEM AND UNDER THE CONSTITUTION IT TAKES AN ELECTED PERSON,CONGRESSMAN OR PRESIDENT, TO MAKE THE LAWS AND TREATIES!
        Ron Paul is a good old boy but politically all he is doing is riding a donkey and fighting windmills!!His ‘time” just never happened! He can be a “player” but not as long as he chooses to put the (R) by his name!They don’t want him!! SEE PRIMARIES!!

      • FreedomFighter

        If you can afford it:

        Gold Silver, after you get some longterm storage food, water purification/storage, etc, it wont be pretty here in the US as the satanic elite build the NWO on the US dollars dead carcas

        Laus Deo
        Semper Fi

      • Sirian

        nc,
        You’ve just verified in black & white what I said. . .
        Well done, thank you!!

      • Brad

        NC, then answer this one simple question, why are we as a country over 15 trillion dollars in debt and why has congress since 07 put this country, I should say added over 7 trillion to the debt. Because the left has been at the controls since then and quess what, the senate under Harry Reid hasn’t passed a budget now in four years, so before you go spouting your mouth off and posting your propoganda get your facts strait. Answer the questions first, that’s if you got the guts to do so.

      • DaveH

        NC says — “Sirian, the reason I rant against Republicans is because they are the only real competition that the Democrats have ever had in leading this country to number one in the world! Getting here and staying here was no accident! It took leadership and the “true conservatives” have offered none of it because they could never get elected!!”.
        Sorry, NC, our country became the #1 wealthiest country in the world before Big Government started taking hold in the late 1900s. We are the wealthiest country in the world in spite of Big Government NOT as a result of Big Government.
        Even most ignorant Liberals can see from this ranking what Big Government does to countries’ economies (but I guess that leaves you out):
        http://heritage.org/index/ranking

        I will try to explain this to you, NC, so you can understand.
        Imagine a race where a Midget and a Giant must pull a 100 lb weight to the finish line 100 yards away. Now add 100 lbs to the Giant’s weight. The Giant will still win. But an ignorant Liberal, like NC, would attribute that win to the extra weight added to the Giant’s stack.

      • cawmun cents

        How can it continue to amaze you that one of these liberals will drop a B-bomb?
        Its like the sun rising or being taxed.
        George Bush was responsible for the erosion of the Adirondacks if you ask a liberal.
        -CC.

      • Wyatt

        Someone sounds like a NWO Commie nc . When it finally sinks in that this country was founded as a Republic and that the people were intended to have a voice in how the country is run . Perhaps then the Democrats will realize that their Big Government Policies are a joke . Communism hasn’t worked in any country it is practiced in . The leadership never follows the rules as to how it was to work , thats the big flaw in the system . And the old ” To each according to his needs and from each according to their abilities ” is just an open invitation for those at the top to steal and, those to lazy to sit on their collective behinds and collect welfare . As for the rest of the world , I would let them go to hell as the United States has always been the foremost country in the world in everything since its arrival as a world power . In reality , we do not need the rest of the world . Products from China are pure crap made from shoddy materials .

        The sooner we get the Left Wing losers out of Government and get people who are serious about this country in to office the sooner and better America will be . Dead wood like Reid , Pelosi , Waters and , all those who are interested only in how they can add to their personal wealth need to go . And anyone who thinks these people are represenitives of and for the American People should go with them . It should be obvious that in the past year we have been inched ever closer to Communism by the Kenyan in the White House in his quest to either become dictator or Destroy America !

      • DaveH

        Protectionism, Wyatt, is part of the Progressive Agenda. And, as in most things they promote, it doesn’t work. Progressivism can be boiled down to one thing — Progressive Leaders protecting their Crony Capitalists from the rigors of Market Competition. The Progressive Followers are just being sold a bill of goods to get their votes.
        http://blog.mises.org/21207/trade-creates-wealth-protectionism-destroys-it/

      • Vicki

        Wyatt writes
        ——————————————————-
        Communism hasn’t worked in any country it is practiced in . The leadership never follows the rules as to how it was to work
        ——————————————————

        Oh the leadership IS following the rules. You even mentioned the rules.

        “From each according to his ability. To each according to his needs.”

        Humans have a vast array of ability. They have VERY FEW needs. The food and water components don’t even have to taste good.

        Perfect for slave labor.

      • Independent

        Right on, Brad!

      • http://katrael.wordpress.com Katrael

        To nc, this country became great because of the people who worked to make it great with the blessings of YHWH and because the government kindly stood back (it had no choice as it’s hands were shackled by the constitution) and let them do it. Now the government is the shackle that is keeping the people from working to keep this nation great through inordinate taxation and voluminous regulation.

    • Nobody’s Fool

      nc, your brain is so stuffed with mush that you cannot help but blame Bush for every single thing that happens. I’ll bet if you burned the eggs at breakfast, it would be Bush’s fault. Well, you’re just like your puppet master, oBlamer–who is, himself, a mere puppet made of plastic and stuffed with manure, dancing to the tune of George Soros. I am sure you will be taken by surprise when all this goes down. Of course, your lack of preparation is all GWB’s fault, certainly not your own blind idiocy.

      • nc

        Nobody. I don’t blame bush for everything! The history,facts and figures of his terms are in stone! HE PROVED HIS INCOMPETENCE WITH EVERY MOVE HE MADE! Bad fiscal policy, bad foreign policy, bad moves as commander in chief, bad policy on Katrina and bad moves by appointing such sterling leaders as brownie, rummy and gonzo! INCOMPETENCE BREEDS INCOMPETENCE!!!!!That’s where the 76% OF AMERICANS came from who did not voice approval of how he handled his 8 years! MY BLAME DIDN’T MAKE HIM WEAK! HE DID IT ON HIS OWN!! (WITH A LITTLE HELP FROM CHENEY)

        iIM NOT HERE TO BLAME bush! I’M HERE TO GET THE WINGNUTS TO MAN UP TO THEIR PART IN THE SHAPE THIS COUNTRY IS IN AND GET OUT OF THE DENIAL MODE! IF THIS COUNTRY HAD NOT BEEN A WRECK IN 2008 OBAMA WOULD NOT BE PRESIDENT! THE INCOMPETENCE OF george bush IS WHAT BEAT McCAIN ALONG WITH THE PICKING OF CARIBOU BARBIE AS A RUNNING MATE! NOT SMART!!!!

        • UsidiAwiagina

          Good Point Sla`xt ( My Friend ) :)

        • http://www.mototcarsfinancial.com Brad

          Amazing how you think Pailin is a Barbie. I think she is hot too. You liberals fear the hell out of that women becuase you know she is correct about everything you liberals want to stuff down the American tax payers throats. She will do wonders for the conservatives and the Tea Party is stronger than ever, just working quitely in the back ground. something you loud mouth liberals just can’t undrestand the method of. Like Odrama just having to run and announce everything he does; Bin laden, underwear bomber. doing lots of harm to our national security. All political and you will be rewarded with a big “L” in November

        • Panicazi

          It isn’t that you are ignorant, it is that you know so much about things which are not so. Your whole “all things Dem are good and all things GOP are bad” is wearisome from it’s inaccuracy and demagoguery. What American voters are pissed off about is the corruption and complete detachment of DC politics. Most of us know that if we wrap ourselves in the Constitution as it was written and intended, then our Nation’s problems evaporate. This is because the “Great American Experiment” of limited self government only functions if We The People educate ourselves of the study of human nature that is the Constitution, and then enforce the Constitution. Start with Federalist 10 and work your way to 44. If we could get all voting Americans to read all 85 then we would no longer see tolerance for the corruption we have come to accept in our government. Our current crop of Leftie and Conservative “issues” are “smoke”.

      • DaveH

        Can you be more specific, NC, on Bush’s bad moves? The only thing close to specific you mentioned was Katrina, but that’s the nature of Government. It only wastes taxpayer money because that money wasn’t earned by the Government so they have no incentive to spend it wisely. If not for Government coming to their rescue, next time they wouldn’t build their homes in a hole, and if they did they would accept the risk they took. Making other people pay for their ignorant risks just sets the path for further ignorant risks and more wasted money taken from other people:
        http://mises.org/daily/1934

    • Panicazi

      Wow! You really studied your Leftie talling points well. W Bush never influenced the Congress to restart what Reagan had started and HW Bush had stopped. There was no time. W Bush had 9mos and then pop, 911. We have been on explosive big government growth ever since, Obama just put it into an even higher gear. Now, I don’t advocate that this article is the way to go, but the author is certainly correct in saying that we are in serious trouble, and I believe everything our national leaders are doing is the equivalent of fiddling while Rome burns.

    • Steve E

      nc
      Your Liberalism is a mental disease. I suppose it keeps you from intelligently addressing the issue.

    • JBandinelli

      Well there was that little attack in 2011 when thousands of Americans were killed on American soil by a terrorist attack! That just might had been avoided if Clinton had manned up to several prior attack on U.S. soil. But that’s history!

      • nc

        J, the major foreign terrorist attack on American soil was the first Tower attack. If Clinton didn’t” man up” how did the perps wind up in prison? There was that attack in Oklahoma City but that was by a government hating right winger not a foreign terrorist! Got him too!!!

      • DaveH

        We will never know the truth about Oklahoma City. Why do you think the Government so hurriedly put McVeigh to death? If he were an islamic terrorist he’d still be alive at Gitmo.

      • DaveH

        Clinton was doing everything he could to restrict private gun ownership. Ruby Ridge and Waco were just False Flag efforts in that quest. I believe the Oklahoma bombings may have also been. Coincidentally, shortly after the bombings, a woman called into a talk radio show. She had a ranch in Arizona and said several months before the bombing some men had been blowing things up on some nearby land with fertilizer bombs. They identified themselves as Federal Agents. They told her they were conducting tests so that they could better identify fertilizer bombings forensically. Yeah, right.
        For those who are not trapped completely in the Propaganda Box:
        http://joecrubaugh.com/blog/10-false-flags-that-changed-the-world/

      • Rothschild Banker

        NC we were attacked on 911 by a rogue internal faction hell bent on turning this nation into a Soviet model. Go to infowars and inquire about the recently leaked army training document describing the re-education and arrest of American citizens that are labeled political dissidents in prison camps in America, sounds ridiculous Hugh? This is not America anymore they used 911 to implement this looting of America and its ultimate decline, we have a domestic enemy in our midst and it scares the crap out of most just to even consider the possibility. I say to you all you are cowards if you do not investigate this for yourselves. pdf available at prisonplanet or infowars.

    • CJ

      If you are acknowledging the economic strength at the end of Clinton’s term, you can think the REPUBLICAN congress for fixing the mess the Dem’s put the country in during the first half. You liberals like to take credit for things that are NOTHING of your doing.

      • CJ

        I mean, THANK them, not think (I hate when I do that).

    • Gary L

      NC you are surely delusional. Anything good that ever came from democrats surely didn’t come from the democrats of today. That is for damn sure. With the number of idiots in government being elected by the masses of morons and moochers allowed to vote it is amazing that America has not collapsed already.

    • DaveH

      I sincerely hope you ignore Brandon’s warnings, NC. It will be fun listening to you thieving Liberals whining about the loss of your stolen wealth.

      • Panicazi

        “Before the 1900s, the Democrats were actually the party of Freedom.”? Before 1900, Democrats were the party of Jim Crow. Democrats tried to shove civil rights back in a bottle until Johnson saw a political windfall from switching tactics. Until the 1950s, it was the Republicans that supported the NAACP push to get firearm ownership a mainstream idea within the Black Community, because “if you aren’t armed you are plowing for those that are”. And, Eisenhower was the Republican that pushed hardest for civil rights and de-segregation! Our knowledge of history is so bad now and the Progressive propaganda so bad that even Republicans are misled on our own past.

      • nc

        DaveH, the only “wealth” I have ever loss was during the bush years. You mentioned Gitmo as where the prisoners have been held so long. With Obama being so weak on Terrorism and so weak on Defense as claimed by the “conservatives” HERE do you really thing that Obama would have ever created a “Gitmo” if the situation didn’t already exist when he took office! That’s a bush mess which, like the smell of a skunk, takes quite a whilE to get rid of! Just like the sick economy!!! Same source!! Same smell!

      • DaveH

        NC,
        When are you going to escape the two-party trap? We’ve given you plenty of reading material to wake you up, but obviously it scares you to learn something.

      • DaveH

        Panicazi,
        Your knowledge of History is weak, not because you haven’t tried, but because you’ve been Propagandized like we all have. Government does nothing but create more racial tension by favoring certain classes over others thus creating resentment among the non-favored classes. I think if you’d take the time to read this one book, your blinders would be lifted enough to provoke more research on your part and overcome the brainwashing that we’ve all endured:
        https://mises.org/store/Product2.aspx?ProductId=172

      • nc

        DaveH. you ask in later post when I am going to get out to the two party trap!
        When you get over the delusion that there is a hidden third party with a better method that is being surpressed by some conspiracies that exist only in the minds of the paranoid!!
        When the two parties get 95% of the vote and have for years,we are in a two party system! What would call it? A two party system with a ghost in the closet?
        Exercise your constitutional right and vote for a third party! WE DEMOCRATS LOVE THAT EXERCISE!! ESPECIALLY THIS YEAR! THIS ONE COULD GET VERY CLOSE! JUMP IN THERE AND GIVE A BUDDY A HAND!

      • DaveH

        Third party, NC? I’d be willing to bet that you have no clue what the third parties advocate. Sure, if I challenged you, you might look up some information, but I’m talking about right now in the present.
        If you think you have the answer, NC, then implement it in your own life. Don’t force your ignorant choices on the rest of us. Don’t steal money from the rest of us. Just set an example and if it looks good I’m sure others will follow you. I doubt that would include me, because your comments indicate to me that you’re not too bright.

      • A Little Bit of Reality

        ” It will be fun listening to you thieving Liberals whining about the loss of your stolen wealth”..

        … And I suppose while your hooping it up and laughing hysterically as the lefties pummel down the old money crapper, your losses will merely be incidental? If it happens, it will happen to EVERYBODY and as it being a laughing matter for either side, I certainly see no humor in it what so ever. Your hatred of others who don’t think your way is testimonial of your moral structure. I bet you salivate while pulling wings off of flies. (hypocrite!)

      • DaveH

        Let me get this straight, Little Bit, I believe in Freedom and Individual Responsibility, while you (being a Liberal) believe in Forcing your way on others and enslaving them by helping yourself to their money, and I’m the hater and lacking of morality? Pardon me while I choke on your hypocrisy.

    • texastwin827

      NC, if the Republicans are all that is standing in the way please explain why we are in the bad shape we are, given that Congress is the one (not the President) who passes all our laws and approves funding….

      before you answer be very careful because the DEMOCRATS have maintained a majority in BOTH houses the bulk of the past 30 yrs.

      • Vicki

        An even more fun fact to torment liberals and democrats with is the fact that for more than 2 years they had a super-majority in the house, a filibuster proof senate, and a democrat president. They could have done most anything they wanted.

        They didn’t even pass a budget.
        http://www.hawaiifreepress.com/ArticlesMain/tabid/56/articleType/ArticleView/articleId/5663/1000-Days-since-US-Senate-Last-Passed-a-Budget.aspx

      • nc

        TEXAS, WHAT PART OF THAT 30 YEARS THAT THE DEMOCRATS CONTROLLED CONGRESS WERE WE NOT THE NUMBER ONE COUNTRY IN THE WORLD AND THE VERY BEST PLACE ON EARTH TO LIVE AND RAISE OUR CHILDREN? YOU PEOPLE WOULD B**CH WITH A LOAF OF BREAD UNDER EACH ARM! RELAX, SMELL THE ROSES AND FORGET ABOUT THOSE IMAGINARY BOOGERS UNDER THE BED! PARANOIA IS A MENTAL DISEASE!

        • http://www.mototcarsfinancial.com Brad

          NC I love it when us conservatives fluff your feathers, the truth hurts sometimes when a rebutal like that is the best you can do. NEXT!!!

      • DaveH

        NC,
        How many times must I tell you that our wealth has been in spite of Government meddling, not a result of Government meddling?
        Imagine I steal a $1000 a year from you. In ten years, I’m sure you’d still have a fair amount of wealth. Was my theft responsible for that wealth? Of course not. I just wasn’t taking enough to send you back to cave man days.
        And I hate to burst your bubble, NC, but compared to other countries on a Per Capita basis, the US is far from #1 now:
        https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html

        By the way, NC, do you really think your shouting makes you look any less ignorant?

    • speedle

      n.c., your comments and people of your ilk who make similar comments regarding economic matters make me want to jump out in front of a bus. Would you please enlighten me and anyone else who would be interested in exactly what Bill Clinton did to create this great economic boon in the nineties? Please please name a piece of democratic legislation (not signing off on GOP sponsored legislation) that Clinton or any of his democrat brethren initiated that had a positive impact on the economy.

    • http://yahoo.com Kenneth Ferguson

      who is this man called Obama? For the most part it’s unknown. Obama once stated “tell me who your friends are and I will tell you who you are”. Let’s take a look at some of Obama’s friends, better known as “Obama Czars”. 1. Richard Holbrook – Afghanistan’s Czar, ultra liberal anti-gun former governor of New Mexico pro-abortion and Pro drug legalization, wants to dissolve the Second Amendment. 2. Ed. Montgomery – auto recovery Czar. radical anti-business Black activist. Affirmative action and job reference for blacks. University of Maryland business school Dean, teaches that US business has called world poverty. Acorn board member. Communist DuBois club member.. 3. Jeffrey Crowley – AIDS czar. Radical homosexual. Gay rights activist. The believes in gay marriage and a special status for homosexuals only, including complete free health care for gays. 4. Alan Bersin. border czar,The former failed superintendent of San Diego. Ultra – liberal friends of Hillary Clinton, served as borders czar are under Janet Reno – to keep boarders open to illegals without interference from the federal government 5. David J. Heyes – California water Czar. Senior fellow of radical environmentalist group “progress policy” no training or experience in water management whatsoever. 6. Ron Bloom-Car Czar Auto union worker, anti-– business and anti-– nuclear. Has work hard to force US automamakers out of business sits the board of Chrysler which is now union – owned.7. Dennis Ross – central region czar. believes US policy is the cause of war in the Middle East. Obama apologists for the world. Anti-gun and completely pro-abortion. 8. Lynn Rosenthal – domestic violence czar. Director of the national network to end domestic violence. Vicious anti-male feminist. Supports mail castration – imagine? I could go on but you get the picture.
      How many members United States Congress or self-declared socialist ? answer 70!!!
      how many members of the Democratic party along to “congressional progressive Caucus”answer 83 declared members. Please remember progressive is just another word for socialism. Obama and the Democratic Party refuses to use the natural resources we have in abundance in the United States such as oil, coal, natural gas, if these resources were used the United States would be energy independent. Obama is a Democrat with a socialist agenda. Have a good day.

      • http://www.mototcarsfinancial.com Brad

        Amen Ke. Tell it as it is brother

        • UsidiAwiagina

          Who is man ( and I say it quite loosly )???
          He’s…

          A BAD JOKE
          WANNA BE KING PUTZ
          THE JESTER

          Whom is trying his damedest To Bring Us To Our Knees…

          Think About It…

    • fastfood

      “It took leadership and the “true conservatives” have offered none of it because they could never get elected!!”

      If you recall, it was a Republican, President Reagan, whose influence lead to the balanced budget in 2000. It would have occurred a few years earlier had the congress permitted all of the income tax reductions he wanted.

      And lets not forget this “Republican’s” part in destroying communist influence in Poland, bringing down the Soviet Union, communism in Russia not to mention East Germany as well as a virtual end to the cold war arms race leading to safer and freer world of many peoples.

      And how did your liberal friends fare on these matters over the span of a half century, or was all of this before your time, or perhaps you simply prefer to place you mind in state of denial and confusion because it hurts too much to deal with the truth. It’s fair to call a pig a pig, just don’t slap lip stick on it a try to shove it down peoples throats as something it is not (a long-time liberal tactic.)

    • http://www.cafr1.com/ GrayStroke

      are you for real???? how can you spew such falsehoods and conveniently forget all the wonderful success of Mao, Stalin and Pol Pot and all those wonderful DEMOCRATIC er ah communist financial polices as Russia’s massive starvation as they redistributed the wealth??? what a blind gnat….. BTW Bush did not bomb the economy it was Dodd and Barney Phranq forcing the banks to make bad loans to appease the affirmative action voter block. The dems owned both houses the last two years of Bushes’ administration…take a deep breath and get a mental focus before you have a mental aneurism ……

      • http://www.mototcarsfinancial.com Brad

        Gray Stroke you can tell them this until the cows come home and the liberals are so ate up with their nonsence they havn’t a clue. they are possibly forever brainwashed. One day when it is too late for them rhey will realize it is too late for them and possibly the rest of us.

  • anna

    not at all true, information fed to you by the mainstream liberal media

    • nc

      Anna, where did you get your information that disputes the “mainstream liberal media” information as to the weakness of the bush administration fiscal policy???? Care to list the places you get your information??Faux Noise???? Rush??? Any other “non-biased” places??

      • Panicazi

        OK, now you are just a Libtard troll. You lose all credibility when you spew the Leftie talking points and don’t engage in honest debate. “Faux Noise” is no longer the boogie man you could claim 10yrs ago, it is the news leader by a 2-1 margin at best, at the MSNBC worst viewership has dropped to single digit market share because of a credibility gap. Most of us are now geting our news straight from where ALL of the media outlets get theirs, the internet. Same place I’m sure you get yours as well, unless you have a mirror on the wall or maybe a bag of bones you summon for the answers.

      • CJ

        MSM uses editorial comments of liberal opinion, posing it as fact of the story, just to get an emotional response and sell advertising. Closed minded people buy off on this tactic, sucking it up. They (MSM) make a major event out of every insignificant story the brainless will coddle to. It’s why advertising works. Repeat a false statement enough times, and it becomes accepted as ‘fact’. Only those who are incapable of thinking for themselves will fall for this ‘mind control’ tactic.

      • Gary L

        NC, Bias for the truth is not a bad thing although it is rare thing to find these days. Surely the mainstream media is nearly devoid of truth.

  • http://www.chandostransportsolutions.com GraemeB

    A vey well written article outlining the eventual substitution of the USD to something else, presently one that the BRIC countries are persuing. The present stance by the GOP to oppose and to play politics with the debt problem, further ecascerbates the further decline of the USD. Grandstanding on the debt ceiling makes trading parnets extremely nervous and this is done only for partisan purposes. There was no hesitation to extend the debt under GWB but under a different administration, it is unconcionable to do this even as the country goes through the worst recession since the 1930′s.
    To add to the problem, we have now witnessed the debacle that is JPMorgan tading and you realise that th underlying problems that brought about the Wall Street collapse, have not been addressed or corrected.
    Yes the USD is in decline and will within the next year be surplanted as the choice of world trading currency.

    • http://None Mike C

      You want to pin this on the GOP? Have you ever looked at the how the federal government spends our money? You’ve heard about entitlements? Would we have debt if not for the all the nanny programs started by the dems? Let’s look at the 2010 Obama – $3.6 Trillion budget as an example:

      2010 Federal Budget Percentages
      Medicare/Medicaid 20.9
      Social Security 19.5
      DoD/Overseas Wars 18.6
      Unemployment/Welfare 16
      Interest on Debt/Agencies/Misc 24.6

      Aside from the cost to defend America, what else would the GOP want to spend money on? You think welfare is the idea of the GOP?

  • Pete0097

    The euro is a great example as to why the world should not have a single monetary unit. The colapse of 1 or 2 member nations has put the whole thing in peril. It is better if each nation has it’s own money that way if they don’t control their own spending, only they suffer the consequences.

    • Nobody’s Fool

      Exactly, Pete0097. oBlamer wants us to have the Amero (one nation from Canada to Mexico, all using the same worthless money). I liken this to a schoolyard bully accosting others and demanding that they pool their money with his and then divide it amongst them. He, of course, has no money. What they have will be greatly diminished when divided several ways. Of course the bully gets to count it all and parcel it out as he sees fit. Guess who gets the biggest chunk??? If you think US of A will get the bigger chunk, though, you need to think again….the schoolyard bully is the oBlamer, and he’s the one with the big chunk. Welcome to socialism, aka communism.

      • cawmun cents

        But then we can all be as well off as the average Venezuelan.

    • http://www.chandostransportsolutions.com GraemeB

      The poblem fo the Euro is that even though they have monetary union, they do not have political union. The result is the same as Argentina that pegged their currency to the USD and because of different levels of GDP they experienced inflation at above 2000%.
      The only hope for Greece is that they leave the EU and go back to the drachma and they will have to take the resultant debt with them. Corruption is their achilles heel and until that is fixed, their decline will continue. The contrast between Greece and Germany is stark and is the reason that they have relied on Germany, as has most of the deadbeats in the EU.
      You are right that a world currency will not solve things, but mankind will continue down it’s path, looking for perfection.

      • DaveH

        Fiat money is far from perfection for most people. It is simply a scheme concocted whereby some of the Rich (Crony Capitalists) and the Powerful (Politicians) relieve people of their accumulated wealth. With Fiat money, the money creators can issue new money at will, thus diluting the value of peoples’ already existing money, thus transferring their wealth to the money creators. It IS the perfect way for the Few to enslave the Many, since so few people understand the mechanisms of fiat money.
        For those who want to get a clue:
        http://mises.org/books/whathasgovernmentdone.pdf

  • http://www.mototcarsfinancial.com Brad

    I agree Anna. They are devaluating our dollar every second of the day. They are criminals and should be strung up for these crimes. Flush the whole political system, they are thieves. If you dont believe it just wait and see. Lock and Load!!

  • MAP

    I don’t pretend to be an economist. As I’ve posted here once before, I believe economics is a pseudo-science, like the social sciences. That being said, it is worth pointing out that Keynesian economics was the product of a depraved Marxist that helped establish the Soviet Union. And we all know how that economic experiment worked out, or should I say, didn’t work out. The fact that this system is still being pushed as workable gives some idea of the type of delusional dreamers behind it.

  • Daniel

    A very good article but it does leave some questions. When the dollar collapses what happens to the value of investments such as stocks and REITs? What happens to pension fund and social security payments? What will the value of the new currency be based on? How long before it will be available for circulation? Will your checking and savings accounts become worthless? We need answers to these kind of questions. Anybody have any?

    • http://www.mototcarsfinancial.com Brad

      Daniel, write you theif in office, Odrama has all the answers. surely he will get right back to you, between golf and hoops and lunch with Clooney. Possibly he can write you a explanation on his next trip to Hawaii.

      • nc

        Brad, bush took 77 trips to Texas and spent more days on vacation than any other president! Give us your evaluation of what kind of country he left us after his “fun times” while is office! Could it be connected to the 76% of Americans who failed to approve of his job while in office?

        • http://www.mototcarsfinancial.com Brad

          Funny NC i did not compare anything to BUSH. But bush’s trip to his ranch cost the tax payers nothing. So your point is??

      • Jibbs

        nc says:
        May 15, 2012 at 8:53 am
        Brad, bush took 77 trips to Texas and spent more days on vacation than any other president! Give us your evaluation of what kind of country he left us after his “fun times” while is office! Could it be connected to the 76% of Americans who failed to approve of his job while in office?

        —————————————————————————————————————-

        We had Bush for 8 years, if we get another 4 of obama, it won’t matter because we will all be serfs to his throne.

    • Steve E

      The dollar appears to have strengthen this week because the euro has declined. This does not mean the dollar actually strengthen, it just looks that way in comparison to the collapsing euro. They are both declining. The stocks and commodities are cheaper this week because the dollar gained strength (again, compared to the euro) so you can buy more stocks and commodities for less dollars. So, I suppose that when the dollar gets weaker (and it will) the stocks and commodities will go up because it will take more dollars to buy them. The savings you have in the bank will stay the same in dollars, but inflation (just as you will see in the rising stock prices) will eat away the value of the dollars you have. Then the government will have to print more dollars so there will be enough dollars for people to buy things. This also accelerates inflation to hyperinflation, and then and only then, like a surprise attack, everyone will realize that the dollar is practically worth nothing. Commodities may be the best bet since many commodities such as corn, wheat, gold, etc. will go up in dollars and some stocks will fall base on the collapsing market. Stocks that don’t serve as a necessity staple (such staples as food and energy sources) could perhaps drop drastically because their demand will be decreased. In other words: I have to buy food so I have to give up my iphone, cable TV. movies, vacations, etc. Those particular stocks others like them could collapse.

    • Nancy in Nebraska

      It’s likely that the government will seize your assets. It’s happened before and will likely happen again. The National Defense Authorization Act gives the government the authority to seize ALL of your assets, including your money, your house, your car and your food. The government isn’t going to stop operating just because the money is no good. They’ll sieze everything of value and to hell with you. They (the government) are already preparing for this. They know it’s coming. They have passed these laws, the patriot acts I and II and the ndaa for just these purposes. They have built the “FEMA camps” and prepared for martial law. Have you not seen it coming? Get ready NOW!

  • http://www.cindynel.co.za peter

    How long would it take to print 11 Trillion Dollars? That should solve the problem!

    • http://www.mototcarsfinancial.com Brad

      At the rate of a million per second they are able to do 11 trillion in no time at all. The problem is by that same time they have spent 16 trillion in hand outs to other countries and hi and Billary’s planned, up and coming treaty to guaranty funds to other countries that hate America at $33,000 per year for each starving kid in these same countries. IDIOTOS!!

    • Nadzieja Batki

      The printing of 11 Trillion dollars would not solve any problems and in fact we would need more than 3 times that amount to cover the existing debt and any upcoming debt. Assuming that once the debt was paid off there would be no new debt created.

    • THG 1956

      That reminds me of a joke I’m sure everyone’s heard , but it does remind me of our present Government I can’t be out of money , I stil have checks !

    • dufas magnet

      The problem with that, pete, is those same knuckle heads after printing all that (cash?) and congratulating themselves for a job well done, will then look at their progress, realize now they can become even wealthier and as such will skip paying off the national debt, other than making good on the interest they owe each other, and go back out on that great saving spree, after all, having trillions is better than billions.. Ah, the memories.

  • http://www.facebook.com/profile.php?id=100003309707389 Tom W.

    Excellent article Brandon!

    “And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.” – Rev. 13:16-18 (KJV)

    • boyscout

      And that infamous number expressed in Hebrew which used letters to represent numbers is “www”

  • boyscout

    Brandon, Being one of the financially inept, I appreciate the euphemisms. In accordance with my limited comprehension, I have always attempted to hear both (all) sides with mutual skepticism and hopeful anticipation that honest hard work would suffice to sustain me. Perhaps this is why I appreciate not being openly labeled a complete ignoramus.

    I my life I have seen the nickle candy bar shrink in size and weight and soar to $1.59, silver removed from coinage, and “In God we Trust” remover from currency, I have seen the 35K house rise to 175K and drop again to still unaffordable propositions. I have seen arms, legs, and viscera explosively removed and noted that some profited from these misadventures (and still do.) I have no problem seeing that the dollar is no longer in the toilet but now rushing down the tube. The problem that I do have is not seeing the perps of this disaster follow that cash on the way to the great sludge collector!

    In the complete crash that might be upon us I see hope of a great reckoning and a rude adjustment for many as well as a potential awakening for social justice. Please tell me that such an expectation is possible without anarchy and massive bloodshed here at home. Post links on how this could come to be and educate me.

    • Nancy in Nebraska

      boyscout, the “perps of this disaster” will never be punished. They will not suffer one iota. The type of capitalism that exists today (crony capitalism) assures that they reap all of the profits and the middle class (taxpayers) covers all of their losses. It is my belief that they have brought all of this about intentionally with the purpose of instituting a one world government and a one world currency. All of this is foretold throughout the bible. We are in for the fight of our lives. It is coming. The only solace I take is that we know how it will end. Start praying!

      • boyscout

        Should it come to pass:
        Be it God Almighty or armed God fearing anarchists, hell will be paid its due in full. Yes, wheat will be spoiled with the chaff but quickly without long suffering through enslavement. Those who have chosen the dole will be the first to starve. Not caring to see the bleakest out come and not expecting harmony to emerge in my time I will stand like those at Lexington. I just hope that the masses in our military are not too long confused as to which way to point their muzzles.

  • Rafael

    The liberal ideological revolution had engendered an Industrial Revolution. And what Mises called the “Age of Liberalism” lasted from 1815 to 1914: a golden century in which mankind first got an inkling of what it was really capable of.

    Tragically, the Age of Liberalism was ended by an ideological counterrevolution: a wave of statist thinking that is responsible for all the woes of the 20th century, as well as our present economic and geopolitical crises.

    Alternatives exists. A return to sound money such as the gold standard would boost responsibility, harmony, and wealth creation.

    • Steve E

      Gold and silver is what the Constitution states we are to use for money. We screwed up by moving away from it.

  • JBandinelli

    I’m hording nickels, and looking for what’s left in circulation of any silver coins. 16.2 Trillion dollars in debt, how insane we are to think that there is any possible way out of this government dollar debasement debacle. At this point we should all just party like Obama and forget about it!

  • SourdoughSue

    Most scenarios that are reported on currency collapse, describe massive death and misery over a 5+ year span. Some accounts claim a 90% death toll. Certainly, capitalism asserts itself in its natural (non-governmental) form. Trading for goods instead of using currency or reverting to gold and silver to pay for goods. If the currency collapses, the government will not be far behind unless it uses military brute force to install a dictatorship.

  • Charlie

    Most people have their heads where their Butt should be, or vise-versa!! Just for fun, go look and see who your Strawman is. Then place Blame where it should be! Most people don’t realize WE all have been had!!!

  • Nancy in Nebraska

    You can all argue back and forth about whose fault it is. For us, the little guys it no longer matters. Collapse is coming and if you don’t see it you aren’t looking. The question is, what are you going to do about it? It is time to plan ahead and do whatever you can to mitigate the circumstances. Buy food, however much you can. The day will come when you won’t be able to afford it. Rice, beans, wheat and canned goods store well. Seriously, do you think you’ll be able to count on the government? Don’t save dollars because they won’t be worth anything. Think about what you can do now that will help you later. Think about your safety. Back during the great depression, people and churches helped those in need. Nowadays, people rely upon the government for everything. Think about the masses of people who expect somebody else to take care of them. How are they going to react? The government has taught them that people who save and plan ahead are bad and it isn’t “fair”. Think about how you’ll protect your families. You have a short time to get ready. What will you do?

    • MAP

      Namcy, I have thought long and hard for many years about what your’re saying. Once the socialist state shuts down and the bought-and-paid-for voters for the socialist state begin to starve, we can expect riots on a massive scale. I live way back in the woods and produce almost everything my family and I eat. We eat very little of the poison the coporate state calls food. I am also well supplied with guns and ammo. So long as the ravenous monster in Washington doesn’t confiscate property, my family will survive.

      • Nancy in Nebraska

        You’re further ahead than I am. Good for you!

      • gimmesometruth

        You sound like you have a plan. Just be aware that almost ALL of our firearms and ammo is controlled by Soros through Cerberus/Freedom Group, a private equity conglomerate who own Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, NEF, Dakota Arms, LC Smith, Parker, EOTAC, Barnes Bullet, and AAC to name a few. The name ‘Cerberus’ comes from greek mythology, and was the name for a 3-headed dog that guarded the gates of Hades.

    • Older Cow Girl

      You are so right Nancy in NE…I started “saving” survival stuff just after Obama got elected. 2008+ was the first time in my 65 yrs that I was actually afraid of my own country. I said to a neighbor when I got up that first morning after the election…”You ain’t seen nothing yet…”. But I did NOT think it would be as bad as it has been. Obama surprised even me. Then the “hoarding” began. You all just wait…Obama will have to reckon with Americans some day for what he’s done. I hope I live to see it. One day Americans will turn on him so badly…he’ll have to hide out. He won’t be watched every minute like he is now. I made a statement at a dinner party just after the election: Obama will be a one term president…and go down in history at the worst president…ever.”. I still believe that. This 2012 election will prove just how many stupid people we have in this country…and whether or not there are more of them than us.

      • http://www.mototcarsfinancial.com Brad

        Your are correct old girl

      • UsidiAwiagina

        Sla`xt ( My Friend ) Call It Like You Sees’ It! :)
        Lil Injun Girl agrees All The Way With Ya!!! :) :) :)

      • EyesWideOPEN

        “his 2012 election will prove just how many stupid people we have in this country…and whether or not there are more of them than us.”

        I don’t believe it has to do with stupidity or even them or us.. With the votes going to Brazil to be counted, I think it will only have to do with an elite few.. We are all in this together and once the “Stupes” as you call them wake up to what our G’ment is doing to us and not just words to that nature, then we will all be allies.. Give those you don’t agree with, a break. They were fooled just as the g’ment has fooled everybody in elections since Nixon, there’s no surprise in that.. What we need is a nation of patriots and once your predictions come true, we’ll need every patriot we can get. These moochers, these welfare low lives are not what you think.. If your given a three dollar raise even though what your making is more than sufficient for you and your family, would you refuse that raise? THIS is exactly what the g’ment is doing (to) for the welfare recipients, giving them something they can’t refuse and just like you accepting that undue three dollar raise, you will not concern yourself that the accumulation of those raises across board could have been used to hire more people so that not only can they now feed their family but their very presence will ease your workload, so too do the welfare recipients ignore that what they receive is off the backs of others (taxpayers) they, like you,will say they earned or deserved it and the only villain in this scenario is the people who give to others without regard to those they take from. Even these ‘stupes’ will fight beside us once they realize what is going on.

  • Raymond Carl Hardie

    Sadly this article is true, and very timely. China will open their own international precious metals exchange in June of this year, the acronym “P.A.G.E.” will be used to place it on world markets, and stands for Pan Asian Gold Exchange! The ultimate goal of this trading enterprise is to eventually entice investors when they ( China ) announce that the Yuan will become a gold backed currency and as such will be more desirable for reserve in the foreign banks and governments that hold it. China has already made a petition to the IMF for a change in the “SDR” requiring the acceptance of the Yuan as an SDR and once so initiated all other currencies must be equal. Currently there are four (4) currencies recognized by the IMF and the greenback is placed at 46% of those. However, China’s application requires that as a fifth currency all currencies must be immediately worth 20% each as equal trading value. Such a change if accepted by the IMF, would cause a drop in the value of the greenback and with our debt so great , and our gold reserves the lowest in our nations history, we cannot buy back those trillions of dollars even with a precious metals offset. The other factor is the lack of manufactured goods to make any offset through trade exchange rates. The National Chamber of Commerce a few years ago did a manufacture and production statistical analysis from record and found that in 1947 the United States produced 86% of the worlds manufactured goods, and by 2007 the United States produced less than 13% and that figure has fallen every year since. We have become a nation of service driven industry , most notably restaurants and shopping malls of which 80% of the ownership and goods in that sector are owned by foreign interests. All this is definitely leading towards a catastrophic financial event upon the American people and it will most likely happen within the next three years or sooner. Currently the markets are happy with QE manipulation, but as David Widemier says the medicine will become the poison and it will be disastrous.

  • noel

    BUY GOLD, SILVER, & GUNS FOLKS!!! OBONGO will finish us off soon enough…
    OBAMANOS!!!

    • Nancy in Nebraska

      You’re right, noel. But don’t forget the food. If you have the money, a nice place out in the country on a gravel road somewhere would be nice too. The more invisible, the better.

  • FreedomFighter

    Interesting Interview with Steve Quayle

    Steve Quayle on The Hagmann & Hagmann Report

    http://www.youtube.com/watch?v=2B_RiBH32L0

    Laus Deo
    Semper Fi

  • http://www.endtheillusion.org EndTheIllusion

    This article is well written and presents many valid points. Unfortunately, what this article is addressing is the SYMPTOMS of the problem, not the DISEASE that is causing the SYMPTOMS. The DISEASE is our money system. It is “debt based”, not “wealth based”.

    Since money can only be borrowed into existence, it is a record of debt, and has interest attached to it. The fantastic and sad fact is that if we ever paid off the national debt, there would be no money supply. What we need is a money system where money is a record of wealth, showing that a product or service was provided. This money would have no debt associated with it. We once had this form of money in the form of colonial scrip and the colonies were prospering until England outlawed the scrip and we fell into a deep depression triggering the Revolutionary War.

    Until we change how money goes into circulation, we will only be attempting to fix the symptoms of our problems, and never actually curing the disease.

    For anyone who truly wants to understand how we got into this mess, they need to read “Modern Money Secrets” by Byron Dale. He explains clearly how bankers including the Federal Reserve have corrupted the vision our founding fathers had when this nation was created.

  • http://www.charter.net James Graham

    GO DUTCH…!!!mw

    Now here’s a nation with common sense,
    and bottle…!!!

    The Netherlands , where six per cent of the population is now Muslim, is scrapping multiculturalism:
    The Dutch government says it will abandon the long-standing model of multiculturalism that has encouraged
    Muslim immigrants to create a parallel society within the Netherlands .
    So what do YOU think?

    About time somebody did something sane rather instead of politically correct.

    Go the Dutch – but why wait until 2013?

    A new integration bill, which Dutch Interior Minister Piet Hein Donner
    presented to parliament on June 16, reads:
    “The government shares the social dissatisfaction over the multicultural society model
    and plans to shift priority to the values of the Dutch people.

    In the new integration system, the values of the Dutch society play a central role.
    With this change, the government steps away from the model of a multicultural society.
    The letter continues: “A more obligatory integration is justified because the government
    also demands that from its own citizens. It is necessary because otherwise the society gradually
    grows apart and eventually no one feels at home anymore in the Netherlands .
    The new integration policy will place more demands on immigrants.
    For example, immigrants will be required to learn the Dutch language,
    and the government will take a tougher approach to immigrants who ignore Dutch values or disobey Dutch law.

    The government will also stop offering special subsidies for Muslim immigrants because,
    according to Donner; “It is not the government’s job to integrate immigrants.” (How bloody true).

    The government will introduce new legislation that outlaws forced marriages
    and will also impose tougher measures against Muslim immigrants
    who lower their chances of employment by the way they dress.

    More specifically, the government will impose a ban on face-covering,
    Islamic burqas as of January 1, 2013.

    Holland has done that whole liberal thing, and realised – maybe too late –
    that creating a nation of tribes will kill the nation itself.

    The future of Australia , the UK and Canada may well be read here.
    READERS NOTE: Muslim immigrants leave their countries of birth because of civil and political unrest
    “CREATED BY THE VERY NATURE OF THEIR CULTURE.”

    Countries like Holland Canada the UK and Australia have an established way of life
    that actually works, so why embrace the unworkable?
    If Muslims do not wish to accept another culture, the answer is simple;
    “STAY WHERE YOU ARE!!”

    This gives a whole new meaning to the term; ‘Dutch Courage’ –
    Unfortunately Australian UK and Canadian politicians
    don’t have the … guts to do the same. There’s a whole lot of truth here!!!!

    ELECTION 2013 IS COMING A Nation of Sheep, Breeds a Government of Wolves!
    I’M 100% for PASSING THIS ON!!!
    Let’s Take a Stand!!!
    Borders: Closed!
    Language: English only!
    Culture: English Constitution, is the Bill of Rights!
    Drug Free: Mandatory Drug Screening before Welfare!
    NO freebies to: Non-Citizens!
    We the people are coming!!!

    Only 86% will send this on.
    Should be a 100%. What will you do?

    • http://www.mototcarsfinancial.com Brad

      Love it or leave it. This should be law!!

      • dufas magnet

        But they DO love it Brad, along with every nickle the gubment gives them..

    • Older Cow Girl

      Bravo!! I hope you don’t mind me passing it on in a separate email? Exactly what I’ve been thinking America should do. One day…maybe.

      • UsidiAwiagina

        I heard that one! It would be Nice if The U.S. did the same.

      • My 2¢ Worth

        Well, Ron Paul would certainly ponder the thought but it seems everybody doesn’t want reform, they only want to talk reform.. Keep your eyes on the Independents, they have another candidate that seems to follow much of what R.P. is for..Wouldn’t it be nice to have the both of them on the ballot as P & VP..? I would vote that ticket if for nothing else, to (1) give them a shot at reforming this out of control government criminal element and (2) get away from the status quo that has not advanced us one iota within the last 15 years…

    • boyscout

      I would also suggest that babies birthed in the US by illegals not be considered citizens.

  • Shane Ahmann

    If any of your think it is either the Elephants or the Asses that that has gotten us here you are right, but when you start taking sides as to blaming one or the other you have all got your heads in the sand. They ALL sleep in the same bed!

    • MAP

      You are exactly right, Shane. And that’s why nothing ever improves. The two party system is a sham. Far better to read your Bible and put your trust where it belongs.

  • http://www.charter.net James Graham

    DENNIS PRAGER–

    — On Mon, 5/7/12, Buddy Niolon:
    I hope you like what Mr. Prager had to say. He hit it on the button sorry to say.

    Subject: DENNIS PRAGER–

    -This clip features Dennis Prager on a panel at the University of
    Denver . You‚ll recognize the other panelists, but never mind; this is
    about Prager. And he is about the future of this nation, so listen well.

    http://www.youtube.com/watch_popup?v=XNUc8nuo7HI

    • Nadzieja Batki

      Dennis Prager is great reading and great listening.

  • Shane

    Lets go forward!

    • Nadzieja Batki

      Your forward means “I don’t know where I am going but I will get there”.

      • cawmun cents

        It means to trudge onward through the fog of futility,Nadz.
        Froward!…..haw!
        -CC.

  • Big Red

    nc you say conservatives can never get elected. Must be why this country is in such bad shape, you democRATS keep it that way. Clinton was nothing more than an egotistical big mouth who gave away our military secrets to China. obama is nothing more than a child still struggling to grow up. There’s a great old saying, ‘a man can fail many times but isn’t a failure until he blames someone else’. Remind you of anyone?

  • DaveH

    This sentence of Brandon’s is probably the most important in his article:
    “I believe the evidence shows that this is a deliberate process, leading toward the globalist ideal: an unaccountable economic or governing body that operates an economic system utterly devoid of transparency and responsibility”.

    Do you get that, Follower Progressives, who believe that this country is supposed to be a Democracy? — UNACCOUNTABLE. Your votes will mean Nothing. That has been the design by the Power Brokers for over 100 years. The more Centralized they can make Government, the less power that any of us have to stop them. It’s time for all good sheeple to get their heads out and start studying and thinking.

  • gimmesometruth

    When oil-producing countries stop taking petrodollars as payment, that’s when the ‘fat lady’ starts singing in America, and we become the 21st century ‘Weimar’.

    • Jimmy The Greek

      Then we can get a strong leader as was done in Germany in 1932 , and then we can go about making those that caused this to pay , like was done in Germany.

      • gimmesometruth

        Jimmy, the similarities are frightening. Some say we left constitutional republicanism a while ago, replacing it with democratic fascism. Our military might is the only thing holding them back from fleeing the dollar.

  • Danmo43

    This gripes my rear end. I see it in almost ALL comments on articles.
    One jerk of a liberal spouts his crap and the entire conversation is led away from the issue in the article to responding or ridiculing the liberal. If the comments do get back towards the article another liberal will spout his crap and off it goes in another direction.
    EVERY TIME!!
    COME ON, PEOPLE!
    Ignore those liberal idiots and talk about the issues in the articles.
    They are only there for distractions and they are doing a damn good job at it!!

    • RichE

      Are you saying conservatives are easily distracted?

      • DaveH

        You need to reread the comment, Rich. He’s saying that it starts with the Liberals.

        • RichE

          Yes DaveH, it starts with the liberals, “here kitty, kitty” and the conservatives follow.

          • UsidiAwiagina

            Agreed!

      • DaveH

        I’m betting that you don’t even know what a Conservative is, Rich. I mean besides being the people that you steal from.

        • RichE

          I wholeheartedly agree DaveH, I haven’t a clue what a conservative, democrat, liberal, and republican are. Please proceed.

    • Nadzieja Batki

      I would let the Lefties spout their nonsense. We acquire knowledge how to survive around them and how to protect this country.
      They weary themselves in trying to peg the posters into their known catergories. Since we are very individual in our outlooks, the Lefties have to resort to name calling and threats.

      • RichE

        Please define name calling and start with, “One jerk…”

    • RichE

      Danmo43: Rereading your post Danmo43 I see you were probably sincere about wanting a sane discussion. Sorry for being rude. I think it was your excellent verbiage “One jerk of a liberal” that weighed the scales to the insincere.

  • Louis Lemieux

    There’s a big difference between “the end of the greenback as the world reserve currency“ and “the end of the greenback as the ONLY world reserve currency“. Money is just a very workable and convenient substitute for everything else that is out there. Governments protecting, helping and encouraging people to work and perform is what really counts and this is what will propel prosperity forward on the planet.

    • DaveH

      You have bought well into the Progressive Propaganda, Louis.
      What Governments protect is their Crony Capitalists, and in so doing they hinder and discourage the rest of the people from working and performing. The only way to achieve Prosperity is to get Government out of the way.
      You need to pick up a copy of this book, Louis and learn some reality:
      http://www.amazon.com/The-Big-Ripoff-Business-Government/dp/0471789070

      • Louis Lemieux

        Only a social democracy can put crony capitalists in check. Destroying the government is only inviting chaos and violence.

        Libertarians believe no law should prevent anyone or any group of people from acquiring the assets of someone else who is willing to sell. Nevertheless, antitrust laws are necessary to protect competition; and,as far as libertarianism goes, when there’s a crack in the shell, the whole egg is compromised. Capitalism is a kind of legalized pyramid scheme, in the sense that the more money you make the more your possibility of making more and thus concentrating the money supply. It’s a system that needs to be kept in check by socialistic measures. Relying on individual virtue to keep people from using their freedom to step on their neighbor’s freedom is just utopian and silly. Unbridled capitalism is for those who believe that people exist for money instead of money existing for people!

        • http://www.mototcarsfinancial.com Brad

          Louis there you go with those fag stained fingers aging stinking up the place with you BS.

        • Sourdoughsue

          Wrong on all counts. Capitalism is the natural order. The market eventually takes care of greed, immorality or stupidity, if a socialistic government does not interfere.If all government totally disappears, capitalism is what results. Barter, trading with supply and demand dictating price. What you appear to confuse with capitalism is each individual’s morality. There are moral capitalists and immoral capitalists. However, by virtue of the tendency to consolidate power, socialist and communist systems tend to garner more immoral individuals screaming all the while, for “fairness” always at the producers’ expense. The real question is: Do you agree with slavery of the producers or not? If not, then you SHOULD support capitalism. Of course, perhaps you actually support slavery…

      • DaveH

        You have no idea what you’re talking about, Louis. Antitrust Laws protect the Crony Capitalists from their competitors. There is no such thing as a natural monopoly, only Government guaranteed monopolies. The whole trust busting thing came about because Politically Connected Business people were losing in the Marketplace, so they enlisted the help of their Crony Politicians to hamper and suppress their competitors.
        Read the chapter “How Anti-Trust Regulation Brings About Monopolies” (page 167):
        http://library.mises.org/books/Kel%20Kelly/The%20Case%20for%20Legalizing%20Capitalism.pdf
        Also recommended reading — “How Capitalism Saved America” by Thomas DiLorenzo.
        Quit being a Propagandized stupe, Louis.

        • http://www.mototcarsfinancial.com Brad

          DaveH – Louis is just a french pinko commie. He can’t help his heritage

      • DaveH

        Louis says — “Capitalism is a kind of legalized pyramid scheme, in the sense that the more money you make the more your possibility of making more and thus concentrating the money supply. It’s a system that needs to be kept in check by socialistic measures”.
        Sure Louis. Tell that to the citizens of the countries at the bottom of this list (the most Socialistic). Isn’t it odd that all of the countries with the most Government, also have extremely weak economies? Must just be coincidence:
        http://heritage.org/index/ranking

        As I’ve said many times, Louis, it’s one thing to fail to understand logical arguments, but it’s quite another to ignore actual experience.

      • Louis Lemieux

        I do not doubt the sincerity of those who disagree with me here, but I do believe your ideology is the ideology of a minority that has no future. You are swimming against the current. The reason for this is that more and more people see capitalism and socialism not as antipodal, but rather as complementary. To be able to grasp this intellectually people have to be able to put a little bit of water in their wine, not to see things as all white or all black.

  • http://wildeyguns.com Wildey

    The dollar is worthless. There’s no gold or silver giving it backing and the wealth of America isn’t enough to back the Federal Reserve Note we’re using. Problem is over 70% of the worlds reserves are held in dollars. The whole thing is a monstrous lie. The central bank in America, the Federal Reserve, continues to pump out counterfeit FRN’s to keep the recipients on the hook. They’re given out as loans around the world and at home. Might makes right. That’s how the world is functioning. If a crack appears in America’s fortress lie, all hell will breakout world wide.

  • Ron b

    This is crazy…we are braking down, right before our very eyes. A planned implosion by the global elite. dem, rep..it does not matter all are on the same team to bring down America. Hyper inflation is now setting..the FEMA camps are all prepared for us…we need to wake up America! Corporate America & the banksters and select families have Ben working on this for over 100 yrs to bring this all about. So the future is bleak unless we face up to these evil doers.

  • Jimmy The Greek

    Replace it with Greek money ! the old bills they looked so much better than U S Dollars .

  • Mpe_solution

    While many are advocating buying gold and food and holing up in a mad max existence, there is actually a solution to this problem that could save everybody. Learn about mathematically perfected economy at http://www.perfecteconomy.com. See what the problem has been all along and why gold is not the answer either. HINT: who controls most of the worlds gold?

    • Mpe_solution

      a) a any purported economy subject to interest ultimately terminates itself under insoluble debt; and b) that there is one only solution to the breadth of present monetary irregularities, which categorically are, 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt in proportion to the circulation by interest.

    • http://www.perfecteconomy.com Mpe_solution

      Thus mathematically perfected economy™ is the singular integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt by interest. It is simply a system then where our promises to pay are issued without the costs and consequences of interest imposed by the present privatized currencies, where debts equal to the original value of the property for which the circulation is issued are paid off at the rate of depreciation or consumption of the property.

    • DaveH

      There is only one real solution — Free Markets where people make voluntary trades and contracts and where Government’s only role (if any) is to protect people from Fraud and Force.
      And Free Markets throughout History have chosen Gold or other precious metals as their money. That real money is only replaced by Government Force.
      Interest is the cost of money, just as rent is the cost of housing. If no interest (rent) can be earned by the lender than why would they lend? That would cause all sorts of distortions in the marketplace, not the least of which would be a great slowdown in Capital Investment, that entity which propels companies to greater productivity and thus cheaper goods for the masses.
      The last thing we need is some self-proclaimed expert forcing his “mathematically perfect economy” down our throats.

      • http://www.mototcarsfinancial.com Brad

        I agree DaveH

    • http://www.perfecteconomy.com MPE_Solution

      Dave, do you even know what mathematically perfected economy is? It’s the most free market of all. It’s our right to issue our own promissory obligations free from intervention of the banking cartel. Gold is not the answer because money should be represented by all wealth in the economy, no just one random thing like a precious metal.

      What happens if production increases and the economy grows? What if you don’t have enough gold? Don’t be fooled. The same guys that got us into this mess are the same ones that own or control most of the gold, today. So basically you are advocating moving from a fiat system with interest to a gold system with interest. Notice the one thing that doesn’t change? That’s he secret tool the bankers have regardless of what money is backed with.

      • DaveH

        I skimmed through the double-speak in your link, MPE. That’s about all I would waste my time with.
        You say it’s the most free market of all. Then explain to me how you will enforce people from charging interest? How do you stop groups of people from charging interest?
        And you say money should be represented by all wealth in the economy. Who determines that? How do we know they’re being honest? What if people prefer to use something with known value for money? If you aren’t going to force it on us, then I for one choose Gold or Silver or Platinum or some other commodity that I know retains its value and is free from Politics.
        MPE says — “What happens if production increases and the economy grows?”. Simple, MPE; prices go down.
        MPE says — “The same guys that got us into this mess are the same ones that own or control most of the gold, today”. Yep, they know what’s really valuable. How come you don’t?

      • DaveH

        Recommended reading for those who would like to understand better why Gold would protect us from Politicians and Bankers tampering with our Wealth, by one of the greatest thinkers of our time:
        http://mises.org/books/case_100_percent_gold_rothbard.pdf

      • http://www.perfecteconomy.com MPE_Solution

        Dave, it’s called deflation. Not enough money for commerce. If you didn’t believe your Austrian crap, you would realize that is what is happening right now. That’s right! More and more money is going to service multiplying debt which leaves less money available for commerce.

        If you want to charge interest under MPE, go ahead. You won’t get any business though since people can issue their own promissory obligation interest free. All those promissory obligations are borrowed against real assets by the way so that is how the money supply is determined. You would never have more money in circulation than assets represented by the money and if there was not enough money you could borrow more against unrepresented assets. The “loan” would be paid back at the rate of consumption or depreciation of the represented asset so the currency does not become inflated.

        I know you probably think we are suffering inflation right now. How is this even possible when new money created through loans is backed by assets and interest is charged on the loan. There is never enough money in circulation to pay the debt (principle + interest).

      • DaveH

        MPE says — “Dave, it’s called deflation. Not enough money for commerce”.
        And how exactly does that work, MPE? If the money supply remains fixed, people having less of it will naturally bid prices lower. You call that deflation. I call it getting more for our money, as it should be when productivity increases.
        In 1900 the money supply was $6.6 Billion and the population was 76.2 million people. Now the money supply is over $9 Trillion and the population is about 310 million people. So the population has grown 4 times larger, but the money supply has grown over 1350 times larger. By your way of thinking, MPE, the year 1900 should have been one of abject poverty and an abysmal economy since there was so little money supply.
        And your interest rate scenario is one of pure conjecture and double-speak, like you think we could wave a magic wand and all would be wonderful. It takes human beings to transact and it would take human beings to control your fanciful monetary scheme. What you are saying only makes sense in a superficial way. In actual practice it would fail miserably, just as every money scheme concocted by central controllers does, because the controllers can never resist the temptation to cook the books and make life better for themselves.
        Then MPE says — “I know you probably think we are suffering inflation right now. How is this even possible when new money created through loans is backed by assets and interest is charged on the loan. There is never enough money in circulation to pay the debt (principle + interest)”.
        You obviously don’t understand money creation, MPE, because the “assets” that back up the Federal Reserve Notes are largely Government debt instruments — hardly “assets” by any real economic calculation. That fact alone proves to me that you don’t have a clue, yet you want others to listen to your advice.
        Read Rothbard’s book “What has Government Done ….”, that I linked to and learn something, MPE.

      • http://www.perfecteconomy.com MPE_Solution

        How can the money supply remain fixed in an interest based economy? Let’s say their is a total of 100 tonnes of gold in the economy and it all gets lent out, where will the gold to pay the interest come from? At the end of the year the debt is 105, 100 principle and 5 interest. Can you explain how prices go down when there is less money available for commerce? If people have less money, they will spend less. When people spend less, businesses have to cut back on expenses like labor so people get laid off or increase their prices. When people get laid off that means overall people can spend even less. This continues into a cycle of labor cuts and lower sales for businesses. Many will close down. Businesses will start raising prices to try to compensate for decreased sales. Somehow real world economics don’t match up with your fairy tale definition of deflation.

        Dave says, “In actual practice it would fail miserably, just as every money scheme concocted by central controllers does, because the controllers can never resist the temptation to cook the books and make life better for themselves.”

        First of all, You assume MPE has central controllers. We will be able to issue our own promissory obligations. We are the controllers. We will have the state manage the infrastructure. That’s it. Just like they manage the national defense and interstate roads. Second, the reason we ended up to the mess we are in today is because we let private bankers squeeze their way into a position of central control. Your ideal system existed at some point in history and yet look at where we are today. How did we get here? Because of politicians? No, because private bankers have pushed for this over the last 300 years. So, your proposal doesn’t even offer a solution to the very problem you raise.

        Dave, if you had a clue you would know that most money is created by us when we get loans at banks. The Fed just creates the monetary base that can be expanded 10x or more.

        • http://katrael.wordpress.com Katrael

          MPE_Solution, interest is only a wealth transference mechanism. It does not create new wealth and with your example all of the wealth eventually ends up in the hands of the lender because the lender will always be able to lend from the interest he earns. The problem with your example is that you assume all of the gold is in the hands of the lender and that won’t happen. Also, if I get paid in gold and I need to borrow some more gold, say to build a house, then I can pay the interest with the gold I earn. In your example the total amount of gold in the economy is static but that doesn’t happen either.

          Have you ever heard of a business dropping it’s prices to keep customers coming into the store when economic times get tough? Better to sell your product at a reduced profit level than to have to go out of business because you can’t sell your merchandise. Also, innovative businesses find ways to cut overhead while maintaining their labor force. this is how a reduced money supply can cause prices to go down. I know several small businesses that looked for ways to keep their people working. Good employees can be hard to find and there are a lot of businesses that will do whatever they can to keep them. The big businesses don’t care so yes they may end up laying people off. There is a rule and it’s says that 20% of a labor force will do 80% percent of the work and the other 80% will only do 20% of the work. There is a name for this and I did some research some time ago but it’s been so long now that I can’t remember the exact name but it’s roughly called the parieto principle. I know I don’t have it spelled right but you can find information about this on the web. A billionaire told me about this principle. I mention this because it explains why it’s so hard to find good workers as 80% are only looking to find a paycheck and they will do as little as possible to get it. Big businesses understand this and that’s why it doesn’t hurt their feelings to lay off so many because the odds are in their favor that they’re only getting rid of that vast 80% that are only in it for the check.

      • http://www.perfecteconomy.com MPE_Solution

        Katrael says, “interest is only a wealth transference mechanism. It does not create new wealth and with your example all of the wealth eventually ends up in the hands of the lender because the lender will always be able to lend from the interest he earns.”

        You got that damn right! It is a wealth transference mechanism. In today’s system, the wealth transference happens at the moment you sign a promissory obligation to purchase a home fe, the bank then launders the asset to themselves. The bank does not loan money it already has, it creates it when you hand over your promise to pay. If you don’t believe this look up Money Mechanics which is a publication put out by the Federal Reserve which says it plain and clear. That banks don’t lend out existing money. The money is created for the loan. All the bank has to do is come up with 10% of the loan amount to put in reserves.

        Gold will not save us especially if interest is involved. Interest will always multiply debt causing us to pay 3x or more our production for 1x production of he good we are purchasing. And the banks “creating” the loans give up nothing.

        To learn why a precious metals standard will not save us read here:
        http://www.perfecteconomy.com/pg-why-precious-metal-monetary-standards-can-only-fail.html

        • http://katrael.wordpress.com Katrael

          MPE_Solution, have you ever looked up the word “mortgage” in the dictionary to find it’s etymoloty? Mort = dead, gage = pledge or in other words a mortgage is a death pledge.

  • Louis Lemieux

    The US can never go bankrupt but the standard of living of its inhabitants can go down though.

    • DaveH

      http://wiki.mises.org/wiki/Bankruptcy

      Not by definition, since they print the money. But realistically, the US Government is already insolvent because without borrowing money, the Feds could not pay their bills. Fortunately for them, they tricked the people and created the Federal Reserve which will continue buying Government Debt, thus creating more money, until our dollars become worthless.

  • UsidiAwiagina

    The WhiteMan or as my Peoples say..’ WHITE-EYES ‘…
    If anyone Owes Anybody for all the ” Hurt Pain The Ways of Our Lifes ” as My Peoples Once Knew it To Be Shall Never Be as We Once Knew It. The Peoples Wonder Why what they have taken from Us is causing all this HURT GRIEF NONSINCE in Todays World.

    From Realistic to Plastic finally ” The Monopoly Money “…Phonoy Looking as ?????

    I Once Knew Life To Be So Much Easier Than Today…As it will only get WORSE AS TIME goes ON BEFORE it Starts to get BETTER.

  • http://twitter.com/decentralimprov decentralizedimprov (@decentralimprov)

    Confidence in the $ will be lost, as every profligate government since the dawn of civilization has lost control of its currency. I do not share the conclusion that this is deliberate. The people who wield power by force with government certainly have a vested interest in keeping things as they are. They are fighting a force they cannot control, and the SDR is a mechanism for continuity of government in the inevitable events that we shall endure.

    When some event happens, like the collapse of the JPY or a natural disaster that sparks a deflationary spiral, I suspect there will be a freezing of insured deposits and an emergency shift to the SDR globally with some form of global tax regime (the SDR, whether backed by a commodity or not, is worthless without that). If popular sentiment threatens to collapse the government with this development, I suspect a man-made emergency will force a gut checking that, unfortunately, the vast majority of people in this nation will not be able to endure.

  • Control Alt Delete

    “All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”
    ~John Adams

  • FreedomFighter

    Feinstein: TSA Must Sexually Molest Public More Aggressively

    http://www.youtube.com/watch?v=couDE31c8VA&feature=uploademail

    “An influential Democrat senator from California, who chairs the Senate Select Committee on Intelligence, Diane Feinstein, wants more sexual molestation at America’s airports.”

    Laus Deo
    Semper Fi

    • http://www.mototcarsfinancial.com Brad

      What is it with these liberal women not washing their hair? Have you seen Billary lately. Her hair looks like crap man. Is dirty hair in with these bags? I guess not shaving legs and arm pits is a liberal thing too. Just plain gross

      • DaveH

        All that shaved hair pollutes our waterways, and fills our garbage dumps. We must pass a law to ban shaving so we can all have cleaner environments.

        • http://www.mototcarsfinancial.com Brad

          You may possibly be on to something Dave. :)

  • bkzombee

    you can run to the mountains, or hide under a rock, nothing u do will keep u safe from the black hole just outside of our oart field, we’re all doomed.

    • Sapraim

      Their is no sure evidence that that Black hole will affect us. We are not completely doomed but if obama and romney have it their way we may all end up locked up in F.E.M.A Camps long before the black hole!.

    • UsidiAwiagina

      Aint It The Truth…Aint It The Truth…

      So Sad Yet So True

      We The Peoples One Can Only Hope

      This Black Hole Disapears Into The Shadows of Yesterday

  • John

    WTSHTF, how does a typical citizen convert their dollars to these new SDR’s or are those just for the elites?

  • http://www.survivingurbancrisis.com/ Silas Longshot

    They have been pumping up this dollar balloon since we went off any backed currency. When it finally blows, NO ONE will get by unscathed, but those who have a few silver trade units will fare better than Joe Citizen who ‘laughs off’ these warnings. As our currency turns into ‘Zimbucks’, things will be very bad. http://socioecohistory.files.wordpress.com/2009/02/zimbabwe-100-billion.jpg
    Prepare while you can. Click the name

  • CJM

    Seems like the author is promoting the one world government with his endorsement of the IMF as the organization that has ‘all the answers.’ I for one do not wish to have the US involved in any scams the IMF has to offer and I don’t believe the euro monetary system is better than the US Dollar. We are a Nation of individuals, not a collective society–and we need to keep our uniqueness as opposed to becoming just like all the other nations.

  • Art

    Listen to yourselves. You blame the left the right the repubs the dems the liberals the conservatives etc etc. Get real you idiots its the congress, weather it’s repubs or dems it’s the congress. There is no difference between the two. They are supposed to represent the american people, when is the last time that happened. Throw all the bums out and lets start anew. We can’t be worse off than we are now.

    • RichE

      “Throw the bums out.” Trust me, that doesn’t work. Example: last election a lot of Democrates were thrown out. There isn’t a way to control them. All we can do is trust them and that isn’t working. Too much money involved.

    • UsidiAwiagina

      Wanna bet…Obummer has his say I will ONLY GET WORSE With or Without them
      ” BURNOUTS “.

  • Bimbam

    Don’t invest in dollars. Invest in tangible things. They are real. The dollar is the figment of someone else’s imagination. It exist only in their mind and thus, its value really has no meaning. Meanwhile you can touch and feel the things you really own.

  • RichE

    The U.S. dollar will not be replaced. It’d cost too much to coin a new currency. The New World/Reserve currency will be a basket of currencies with their exchange rates locked to help stave inflation and deflation. Any country’s currency that isn’t in the basket will become worthless. The basket will be backed by gold and the economic strength of the members. Focus on net worth will be discouraged. Focus on centralizing of power will be discouraged. Focus on growth and humanity will be encouraged until the wealth and power are restored. Then a gilded age and then a period of pretention where the fingers and toes of the workers are bitten off leaving clubs.

  • http://wildeyguns.com Wildey

    The dollar started to use up GOld and sliver as backing for those certificates when they started to print more paper than there was gold and silver to back them, 100%. The ratio of certificates to gold and silver became so batantly out of balance that they had to quit printing them. FRN’s, Federal Reserve Notes, replaced them using all the wealth of America to back them. They exceeded the printing of dollars to the wealth of the nation. Since then they have been counterfeit.

    The solution is use black gold, oil, to back the dollar. This requires all oil producers to only trade in dollars.You want oil, pay in dollars. The problem is not all countries go along with this bit of chicanery to save the dollar. There’s EU’s and other currencies out there and their worth more. Iraq and Libya tried it look what happened to them. Russia and Iran won’t play the game and look what propaganda is doing to them.

    It’s hard to put a value on America when the dollar is always in a state of flux. Where do real dollars end and counterfeit dollars begin? Mayor Bloomberg of NYC is suing the Fed trying to find out where 2 trillion of them are.

    We are at a point where might makes right has replaced moral judgement in this game.
    If I point a gun to your head and tell you black is white, wouldn’t you agree with me? That’s where we are only the ones pointing the gun happens to be our own government. “I saw the enemy and the enemy is us”.

  • T. Jefferson

    Once we clear this trash out of the whitehouse, the dollar will climb back on top.

    • RichE

      ROFL!!!!!!!

    • RichE

      Black trash in the Whitehouse?

    • nc

      How did the dollar do against the Euro when we had white trash in the White House? The economy ended up where before he left??

      • http://www.mototcarsfinancial.com Brad

        yup in went into the dumper NC while under 2 years of controlled dem congress. NEXT!!!

  • bscott

    as always it’s always about the money.keeping people riled up with things like conspiracy theories and racial paranoia accomplishes their goals.do you really think big oil,big banks,etc worry about any of you people? you’re the help-nothing in the scope of their lives- replaceable with the next nothing on line. wake up because they’re up there laughing at all you chumps.

  • http://www.perfecteconomy.com MPE_Solution

    For those that want to get rid of all the politicians and start fresh:

    You can do this as many times as you’d like and still get the same results. The reason is that there is a money power sitting behind the scenes and calling the shots. To get elected you have to be backed by THEM. Once in office, do as your told and reap the rewards or THEY have ways to make you miserable. The power of money creation is the ultimate power in the world.

    We are stuck in this left/right paradigm because THEY are playing us. The only way to fix things is remove THEIR power to create money. That power belongs to WE THE PEOPLE. Once that power is in our hands, we can hold government accountable.

    Thus mathematically perfected economy™ is the singular integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt by interest. It is simply a system then where our promises to pay are issued without the costs and consequences of interest imposed by the present privatized currencies, where debts equal to the original value of the property for which the circulation is issued are paid off at the rate of depreciation or consumption of the property.

    • DaveH

      Or they could read this book, and learn about the real world:
      http://mises.org/books/whathasgovernmentdone.pdf

    • http://www.perfecteconomy.com MPE_Solution

      I’ve read Hayek and Friedman, too. Austrian school economists are just as wrong as keyensians. They both fail to realize that interest is the flaw in both systems.

      • DaveH

        You are a one-trick pony, MPE.
        What next? There should be no housing rentals? Everybody should have free housing based on their lifetime earnings expectancies?
        Your idea is as fanciful as the concept of Communism. It might appeal to those who base their reality on Hopes and Dreams, but it would fail miserably in the real world. I would love to see you start your own country on an island somewhere and put your lip-service into actual practice, but I don’t want you implementing such nonsense where I have to live.

    • http://www.perfecteconomy.com MPE_Solution

      Dave, so far you haven’t been able to refute a single claim I have made and I have made some pretty bold ones. I know it’s hard for most people to look beyond the current paradigm of a world, which is controlled by bankers, but we have a choice.

      What exactly do you find wrong with MPE. Be specific!

  • old hillbilly

    According to this article, the dollar is a failure and we’re ready to jump into the global SDR! Obviously the gold standard relies on a rare fixed commodity that will not reflect changes in population or productivity. Anyone who thinks a global currency will help citizens isn’t looking at the UN or what the global monopolist traitors within our government are doing to collapse our economy and Constitution!

    Unquestionably the dollar isn’t collapsing because it’s the dollar. The dollar is collapsing because the economy is being methodically sacked from within by global monopolist!
    There is enough treason and malfeasance behind collapsing the dollar and USA to overload this blog. How did our manufacturing infrastructure “disappear”, printing money & IOU’s, sacking SSI ($100+ trillion), sacking other retirement funds, FED/Treasury/global banking empire. Treason is treason only if we care enough to demand prosecution & truth.

    • DaveH

      Hillbilly,
      Please read this book and get a better grasp of the reason Gold was the historically-favored form of money:
      http://mises.org/books/whathasgovernmentdone.pdf

      The fact that Gold (or Silver, or whatever rare commodity) is useful as money is its attractiveness to humans and the property of divisibility into smaller units that maintain their original elemental characteristics. Population growth and productivity growth would not change that. The fact that it is scarce is a plus because it keeps Government and/or Bankers from arbitrarily creating more of it to finance their personal aspirations at the expense of the rest of the population. As Gold-Backed dollars diminished in relation to productivity, prices would naturally decline, and the people would naturally be able to buy more with their money — As it should be.

      • http://katrael.wordpress.com Katrael

        DaveH, it seems to me, after reading some of your comments, that the people you respond to have no understanding of human nature. Perhaps they think they understand what they want out of life and then they project that image onto everybody else. It works in a limited sense but not for the group as a whole.

        It would seem to me that almost all humans have the need to make a profit from their labors and when they don’t profit from their labors they put their energy into something else or sometimes they give up trying. Also it would seem that if I only have a few dollars to spend and getting more of them is difficult to do that I’ll try to find the least expensive (bidding down as you say) products and services available? This is what I do with the few dollars I have. It would also seem to me that that almost everybody wants security but many would rather have less security if that meant they could remain free. However, too many would rather have security instead of freedom and therefor they would do anything, including stealing from others or selling themselves into slavery, to get it and to me this is a form of greed that is as pernicious as the greed that a wealthy man might have to deceive and steal other people’s wealth any way they can?

        It would seem to me that the bulk of your comments to people like MPE_Solution, old hillbilly and others revolves around these two things: human nature and the basic laws of economics? That’s what it seems to me. I guess this is a long way of saying that I appreciate your insights and it gives me food for thought.

        I will say this: that even the gibberish that many of the liberal/progressive folks here spout makes me examine what I believe to be true. The difference between their comments and yours is that too often their comments tend to alarm me. It’s hard to believe that they really believe some of the stuff they say.

      • http://www.perfecteconomy.com MPE_Solution

        Katrael, what are the laws of economics?

        • http://katrael.wordpress.com Katrael

          MPE_Solution, it’s a simple law which states that you can’t spend more than you make. Everything else is built upon this simple law. The next question could be: were does wealth come from? The answer to that is simple also: from the earth. There are only two ways to get wealth: get it from the earth by digging or growing it or take it from somebody else.

          • Sourdoughsue

            Spoken like a true looter. The OTHER way to produce wealth is to actually produce, create, work hard to create and sell something. I know it is a foreign concept to most eople but that is what we do for a living. And since we work darn hard for what we make, I resent all of the rest of the looters out there trying to SHARE it with me, in the form of taxation slavery.

          • http://katrael.wordpress.com Katrael

            Sourdoughsue, It appears to me that you are responding to my comment about wealth? What in that comment makes me a looter? The items that you have to sell all had their origins from the earth. Ideas in themselves do not create wealth and putting forth effort in itself will not necessarily produce wealth. A lot of people work hard and go broke. I am not a looter and I do not support looting.

          • http://katrael.wordpress.com Katrael

            Sourdoughsue, one other thing: yes it takes massive effort and energy to plant and harvest crops and to mine the minerals from the earth and turn them into finished products for the consumer but there can not be any wealth unless it came from the earth. Wealth = abundance of valuable material possessions or resources.

          • SourdoughSue

            Resources alone are NOT wealth. People turn them into wealth. people’s productivity is a necessary ingredient, but you are right…not all become wealthy by working hard. So there IS another component besides raw materials(necessary) and hard work (which many do without unique results) It IS the mind, the idea, the philosophy, the innovation, the mental spark. without that, hard work is just drudgery, raw materials stand unused. Those who think that they can harness the hard work (and creativity) of others for their own gain are looters. I think you and I disagree on the innovation, creativity need. Of course, raw materials are what a creative person uses to help create but, then again, without the creative thought no amount of raw materials get put to useful purpose. People who live in barren environments manage to use the very few raw materials they have in useful productive ways. Without ANY, we would die. With very few , the productive person can survive and be successful. Productive, creative humans are the value. The raw materials are secondary to the human thought endeavor,and intrinsic value.

          • http://katrael.wordpress.com Katrael

            SourdoughSue, you are one ignorant woman. The definition I offered is out of the dictionary. I agree that it takes imagination and effort to develop the raw materials that the earth supplies. Most people, who are members of the 80% lazy club, will show no initiative of their own to go and develop these resources we speak of. They need a system of organization to direct them as to what needs to be done. It’s a cooperation between the 20% and the 80%, that is initiated by the 20% who are true producers that also benefits the lazy 80%. It takes the true 20% who are producers to organize and manage this cooperation. This is not necessarily looting as you say. I believe by your remarks that you can be added to the 80% club or are desiring to become a member of it? Now, I don’t want to be unfair to those who work hard and don’t want to be an organizer but who have the desire and the energy to put into this cooperative effort for they can be and are members of the minority producers who make life possible for the lazy 80% who only want to take life from those who do produce. I’ve seen this looting happening all around me. Are you a member of this 80% club; it sounds like it.

            There are the rich and greedy who are looters such as you speak of but they are members of the vast 80% who have found a way to lie, cheat, steal, murder their way into luxury. These are the looters that you speak of and not all rich people are looters. Your statement, “Those who think that they can harness the hard work (and creativity) of others for their own gain are looters.” Well, by this definition we are all looters because we all do things for our own gain. You don’t go to work as a member of this cooperative effort just to support me now do you? I’ll bet that if I came to your house and demanded that you feed, clothe and house me that you’d find a way to send me down the road empty handed. Why, because you didn’t work for what you have only to give it to the likes of me, someone you consider to be a looter.

            I also understand that within either group there are all sorts of individuals of differing levels of motivation. Within that vast 80% there are the absolutely lazy nonproductive life sucking member who have found a way to be leaches on society to the ones who are almost but not quite members of the 20% who do most of the producing in this country. So my statements have been a generality and is applied to the group as a whole.

            How much greater would this country be if everyone devoted 100% of their available energy into producing things of real value?

            Quite frankly you know nothing about me to be correct in your assumption that I’m a looter. Go look in the mirror Sue.

          • SourdoughSue

            Katrael-I apologize for offeding you. you are right-I do not know you. Your statements aggravated me because it appeared you thought that natural resources are just sitting there with value, but our labor and creativity and hard works counts for not much, and I disagreed vehemently with that. Upon further examination of your replies, we are likely much closer than you think in our approach. I do NOT have a lot of money but if my labor and hard work produce money for me, you are right, I do not feel inclined to share it with those who haven’t worked for it. I will pay my taxes but I prefer limited government and DO NOT think that the rich are not paying their fair share. lazy government and lazy taxpayers living off the government ARE looters and I feel no compunction to help them pay for their lives. I DO think that giving to charitable causes is is a good thing as long as it is not at the point of a gun! I actually prefer to help people I know rather than causes and I do so to this day. I am many things, ignorant isn’t one of them, but then, you do not know me either. I call a truce. The bigger picture is … small gov’t, limit politicians, understand that crony capitalism is misnamed; it is function of corrupt government ( not capitalism at all), that there are moral and immoral people who espouse every philosophy, that if we do not understand these concepts and act to improve the government in THIS country, we WILL have a collapse.

          • http://katrael.wordpress.com Katrael

            SourdoughSue, it appears that we may hold many similar views. As to the issue of ignorance. My response was mainly about your ignorance of my personal beliefs and the idea that you were calling me a looter. I believe that we are all ignorant about some things and this carries no shame. The solution to ignorance is simply one of education. I am ignorant about many more things than those that I’m not ignorant of. I’m not afraid to say “I don’t know”. because I can study when I encounter the need to no longer be ignorant about something. I’ll bet you do the same?
            A truce is a good thing in this situation.

      • Bert Cundle Sr.

        MPE_Solution says: Laws of Eco….
        Dont Spend More than you have & Don’t borrow more than you have in savings! Or You will be in trouble!

        • http://katrael.wordpress.com Katrael

          Bert Cundle Sr., I could have saved my effort of explaining that to MPE if I had only read your reply first. Think he will understand what you explained to him?

      • http://www.perfecteconomy.com MPE_Solution

        Bert says, “Dont Spend More than you have & Don’t borrow more than you have in savings! Or You will be in trouble!”

        If you have it in savings, why do you need to borrow? Bert have you ever purchased a home? Did you pay it in cash? Did you borrow for it but only what you had in savings?

      • Bert Cundle Sr.

        Katrael says:…
        Looks like he missed it!… Sure People Borrow more than have, With hope they will get it in time… BUT… How many people are UP-Side – Down in the Mortage, Beacuse, of an Unexpeted Happining… After investing $$$,$$$.$$ to Loose their home!
        Just Maybe… If People wouldn’t overextend themself… Things would go OUR WAY!

  • http://awkingsley.wordpress.com awkingsley

    Since the Euro isn’t working out as a basket of currencies, how could we be expected to go to the SDR? That seems to be an irrational expectation on the part of the New World Order, but then when were they ever rational or even endowed with human emotions and human needs? Such wealthy people have forgotten what it is to work for a living and to be without anything they needed, if they ever had such a mundane experience as working in the first place. The NWO wants to be the elitists in charge of a bunch of serfs, just like the feudal system. Only this time, the Nobles are the corporations who will exact every bit of time and ounce of energy they possibly can in exchange for a mere starvation pittance. With 200% more inflation, that is where we will be.

    • DaveH

      The new money would work long enough to keep the Power Brokers in clover. That’s all they care about. It took 100 years of Federal Reserve to get us where we now are, and the lifespan of most people is less than 80 years, so why should they worry?

  • johnturmel

    Jct: Not a chance the US Dollar will be replaced by IMF Special Drawing Rights (SDRs) when it fails. The Hour of volunteer labor is already supplanting national currencies in LETS timebanks around the world. A US paper promise, a piece of yellow rock? Give me a neighbor’s IOU for an Hour of labor. Besides, the Argentine Solution has government paying workers with small denomination bonds used to pay Power, Taxes, Medical, Licenses which everyone else took. Explains why Argentina was broke in 2001 and all foreign debt paid off in 2006. Didn’t make the news! How’d they do that? We can too.

  • http://Yahoomail Fred

    Hay,gray.stoke Dave , CJ, Gary L ,and Speedle you hit the nail on the head every time . Just remember , you can always tell DEM. Liberal ,or a doornob, you,just can’t tell them MUCH !!!

  • old hillbilly

    The PHD progressives, who educate the sheeple and flood the market with “books” that use facts and pseudo-facts to create fiction and chaos, have “dumbed” down the population to the point where conclusions of cause and effect have no correlation to facts presented. Put your little string on point A and draw it up tight to point B, around all the garbage in between – 99% sure thing it’s a circle going nowhere! Gold has nothing to do with productivity and prosperity. Productivity and saving has everything to do with survival and prosperity. We are following a corrupt government that rewards consumption, borrowing, and obedience. Survival and prosperity require productivity, saving (investment), and free thinking innovation! Zero interest rates eliminate productivity infrastructure!

    If a population of 100 with 100 pieces of gold increases to 200… 1) gold price doubles and everybody agrees to take half as much for their productivity, or… 2) 100 don’t get paid & can’t buy, get hungry & steal, and eventually kill one another until 100 are left, or… 3) or if you have Gietner & Bernanke, they’ll print 400 gold certificates, sell 200 good as gold bonds to China, confiscate the 100 pieces of real gold and give all 200 a certified good as gold certificate, give the gold pieces to Obama, who will split the gold with himself, his handlers, and the muscle’em brotherhood”. …And, all 200 will have no gold (no assets), no tools to produce anything, ready to work for food, and be indentured to China… and for-never-more free! You know what they can wipe their “gold’ certificate.

  • old hillbilly

    The only solution is prosecuting and purging government of corruption – doubling penalties for officers of government, & triple for justice & law enforcement… which brings us to Holder

  • Bert Cundle Sr.

    Well: Looking into the Future… The Replacement of the $: Obviously will be RICE! 1L. of Rice will = $1.00 U.S. Currency… Than we see it drop to: 1/2 L. = $1.00… Than 100 Miligrams = $1.00 — 10 Hours of work = 1,000 Mg. of Rice! So… Drop the Borders, let it happen much faster…

  • old hillbilly

    looks like it’s too late… here it is anyway

    If we freeze SSI-MED at today’s dollar value with a $40,000 wage, 15.3% tax & 5% ROI on invested money, 46/yr work, & 13yr retired to age 78; your trust fund annuity would have $1.1 million cash at age 65… enough for a $9,539/MO retirement… which is enough to pay for almost 6 one half gross pay benefits (it’s 15+ benefits @ $106,800 wage max)! Government says “it takes two worker contributions to pay one benefit”! Government says billions of general tax revenue and interest bearing loans are used to pay those benefits! That defines a Ponzi scheme that can tax you forever! If 6th grade math says 2X6=12 and our leaders claim it’s only one per two workers… where did the other 11+ benefit funds go? If 310 million citizens were ½ vested @ $1.1 million in this scam, the fund would have $170 trillion in it! If we consider an individual’s fund grows 46 years to maximum and theoretically takes 13 years to deplete the total 59 years would roughly equate to a 118 year lifespan, not 78! This is not caused by the dollar currency! It’s caused by corruption and malfeasance far beyond levels of treason! It’s a heinous crime against 310 million citizens! It’s a potential fatal blow to the USA!

    Follow the raging river of your money, wealth, and security… gushing away from you and your country! The SSI-MED is a no-brainer. Our production infrastructure was consolidated by global monopolists into same old USA named companies that moved “their” infrastructure offshore, destroyed our infrastructure, and made us dependent on “their” Chinese factories for our needs! If you look at the CPI index, evaluate it with a zero % Fed funds ROI, global banks that charge credit card rates of 20%, 30%, & maybe hundreds of percent return with fees; moving in and out of the treasury, bail-out trillions, solar and windmill scams, etc. We pay countless billions too much for oil energy supply because our legislatures and president OPENLY FORBID AND OBSTRUCT free use of our unlimited domestic resources. Government illegally eliminates competition to enable global monopolists to increase prices as four to five times more than free competition. Trillions in natural resource development, wages, and tax revenues generated by productivity are lost to global monopolists, political favors, and slave labor nations because we now buy (consume) rather than produce! The same is true of mining resources and a once magnificent steel industry that “disappeared”! Our president unilaterally gives money away without checks and balances or budget approval – billions in foreign aid, hundreds of billions in citizen benefits to illegal invaders because our president, legislators, and DOJ Holder refuse to enforce the laws of the land! The legislatures provide that money by debt limit increases without oversight, purpose, or restraint. Monopolies are vile and illegal! Before you conclude you’d rather consume or sit on it, rather than risk investing, you might realize there is a reason prices and inflation are outrageous and there are no jobs or opportunity in the USA. The issue is monopolist globalism

    We don’t need a new currency and absolutely don’t want currency controlled by the most inept and corrupt organization in history (UN)! The enemy is government corruption and their failure to uphold Constitution and law… in each case noted Eliminate it and we already have enough laws and enforcement capability to crush the monopolies! We can start rebuilding with treble damage penalties!

    Truth will free us again! Pass it on!

    • Bert Cundle Sr.

      Politics: is the Lader Up! Politicans are allways reaching for the Next Rung. Ignoreing their Duties Given!

    • Bert Cundle Sr.

      REMEMBER… S.S. & Medicare: Are taken out of the Paychecks, of Workers, of Corperations, Contractors, & Volenteer Depositers. “Self Employed, don’t pay into it!”

      • http://katrael.wordpress.com Katrael

        Bert Cundle Sr. I believe that you are wrong about the self employed not having to pay into the SS and welfare system. I could be wrong about where that 13.3% self employment tax goes to but then I’m wrong about a lot of things. http://www.irs.gov/businesses/small/article/0,,id=98846,00.html

        This is an exact quote from the IRS:

        Self-Employment Tax (Social Security and Medicare Taxes)

        It should be noted that anytime self-employment tax is mentioned, it only refers to Social Security and Medicare taxes and does not include any other taxes that self-employed individuals may be required to file. The list of items below should not be construed as all-inclusive. Other information may be appropriate for your specific type of business.

        What is Self-Employment Tax?
        Who Must Pay Self-Employment Tax?
        How Do I Pay Self-Employment Tax?

        What is Self-Employment Tax?

        Self-employment tax is a tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners.

        You figure self-employment tax (SE tax) yourself using Schedule SE (Form 1040). Social Security and Medicare taxes of most wage earners are figured by their employers. Also you can deduct the employer-equivalent portion your SE tax in figuring your adjusted gross income. Wage earners cannot deduct Social Security and Medicare taxes.
        Self-Employment Tax Rate

        The 2010 Tax Relief Act reduced the self-employment tax by 2% for self-employment income earned in calendar year 2011. The self-employment tax rate for self-employment income earned in calendar year 2011 is 13.3% (10.4% for Social Security and 2.9% for Medicare). The Temporary Payroll Tax Cut Continuation Act of 2011 extended the self-employment tax reduction of 2% for calendar year 2012 so the rates for 2011 remain in effect for 2012. For self-employment income earned in 2010, the self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).

      • Bert Cundle Sr.

        Katrael says:

        May 18, 2012 at 12:56 am

        Bert Cundle Sr. I believe that you are wrong ………………………….

        You must be RIGHT… (For thoes that Report it!)//(Or get cought for Not Reporting it.)
        Thank you for Informing me, of an unknown!

        • http://katrael.wordpress.com Katrael

          Bert Cundle Sr. if I did anything good then you are most welcome and I look forward to the time when you will do the same for me. As to the reporting or not reporting income? I do agree with you on that.

      • Bert Cundle Sr.

        I read a coupple adm’s ago… The I.R. S. Was Going after the Tax Dodgers…. But, didn’t beacuse it would cost more, than they could collect! Lodgec From Government? Must have been a long time ago…

    • Bert Cundle Sr.

      (UN)! The enemy is government corruption //////////////////\\\\\\\\WRONG!!! The U.N. Is the answer to Nations at peace!
      May be Communistic, Socialesic & Powerfull… That is why it SHOULD WORK!

  • http://gillysrooms.blogspot.com GILLYSROOMS IN AUSTRALIA

    I cant see how the US dollar is going to be replaced considering it is so popular..as was reported on Yahoo 7 this morning. as follows…

    While the precious metal is traditionally a safe haven for investors, money is now instead pouring into the safety of US Treasury bonds, according to Steven Dooley, head of research at Forex Capital Trading.

    “The concept of gold as a safe haven, it works when people are relatively scared, but when people are absolutely, desperately panicked gold no longer acts as a safe haven,” Mr Dooley said.

    “There is one place that is a safe haven, and that is the US bond market.

    And that is why we have seen the US dollar push so strongly over the last month and a half.

    “Everything that is priced in US dollars – gold, oil, copper, virtually every other currency against the US dollar – is tumbling, because every last cent in the world is going to the US bond market.”

    • RichE

      Did it say where the money was coming from?

      • http://gillysrooms.blogspot.com GILLYSROOMS IN AUSTRALIA

        yes from the European nations …many citizens are withdrawing Euros from the Greek and Spanish banks and probably converting it to US dollars ..and I bet their own politicians have already converted their assets ……..

        do they they know better than the American citizens themselves who have gone negative on their own nation and currency?

        Would be very interesting to follow the money trail of the politicians of the various EEC nations own assets movements .

        • RichE

          Europe splitting up makes me sad. I really like Europe it is so European!

          Yep, follow the money or the rats leaving the sinking ship(s). I’d like to know who sold Greece the one-way ticket(s) to Hawaii and why didn’t Greece realize they had no way back but swim.

  • Stacy

    What we need is a currency that once earned can be saved and spent without government control, but that is not what we are going to get. What we are going to get is an international currency that will quickly move into being a digital currency that is only accessible by the use of an implanted chip. Precious metal coins will not be allowed as a currency, and the government will be conveniently be able to completely control your access to your earned money and zero your account by the push of a button.

    Anything that you buy or sell will have to go through this system, and anyone who tries to swap precious metals for food or goods will have to first go through this government controlled system. Anyone bypassing this government controlled system will be labeled a financial terrorist and will receive a death sentence.

    This will not all happen immediately, but in stages. First stage has already been started as a control system and the setting up of Czars. This legislation was put through as “Health Care”, but it is actually a control system cleverly hidden in 2700 pages of legislation. The tracking chip is required starting next year under the bill signed into law and known as “Obama care”. The location of the requirement for the chip is specified in the nutrimedical archives listed below.

    http://thenewamerican.com/usnews/politics/3193-national-healthcare-will-require-national-rfid-chips

    A discussion of the planned control system can be found at:
    http://www.gcnlive.com/programs/nutrimedical/archives.php
    May 2012, May 24, 2012 (hour 1)

    • http://katrael.wordpress.com Katrael

      Stacy, you are right in that we need a medium of exchange that isn’t subject to government manipulation. We don’t need a currency as part of that word relates to the word CURRENT and you know what that means…right now. Currencies are easy for governments to manipulate. What we need is MONEY which isn’t so easy to manipulate and which generally holds its value and can be saved safe from the ravages of inflation. .

    • http://katrael.wordpress.com Katrael

      Stacy, the day of being marked was predicted to come almost 2000 years ago. It’s been a long time coming. I wonder when they will start to require that a person takes the mark (chip)? That day may not be too far off?

  • Concerned

    At nc from above: You truly are an ignorant ass. You try to say that the reason you rant about republicans is that they are in the way of democrats making America number one. If you knew anything about what you were talking about, you would know that the Congress makes the laws, and that democrats have pretty much controlled congress for over the past 50 years with the exception of a few stints – during Bill Clinton’s term for sure and part of Reagan’s were times that Repubs controlled congress. So, in your infinite wisdom, if congress makes the laws, and democrats have controlled congress a majority of the time, how can republicans be getting in their way? Seems to me they are doing to America, exactly what they want, and unfortunately, you and most other people are like the frog in the water – slowly getting cooked as the temperature rises very slowly – like over the past 50 years……

  • http://www.theclosetclause.com/2011/11/versace-x-hm-collaboration-2.html wood corner shelf unit

    Hi, i think that i saw you visited my site so i came to
    “return the favor”.I’m attempting to find things to enhance my website!I suppose its ok to use some of your ideas!!

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