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20 Comments
- inactive, on 12/27/2008, -0/+27Excellent article! Wake up people!
- citcokid, on 12/27/2008, -0/+25FTA: Since the summer of 2007, we have witnessed a concerted effort by the world’s central banks and global commercial and investment banks to preserve the shadow money-lenders’ financial power, one that is founded on fraud and structured in every detail as in the infamous Ponzi scheme.
- roosevans, on 12/27/2008, -0/+20This is an essential article in understanding the NWO banking cartels agenda and methodology, in my opinion.
- inactive, on 12/27/2008, -0/+20The Boy Scout Motto: Be prepared.
I suggest people stock up on food, fuel and ammo.
Ask yourself this question: If the system falls apart, could I survive? If you answer "yes" then good for you. If you answered "no" then you had better get to work. - inactive, on 12/27/2008, -0/+20The Paulson bailout is just pouring more money into the International Bankers' Ponzi scheme. Part of it goes to Fannie and Freddie to cover the "toxic debts". This is by order of the Chinese Central Bank. You see China is a major investor in Fannie and Freddie and it demanded that the US save its investment. Paulson is just an agent of China and the International Bankers.
- Erich100, on 12/27/2008, -0/+11Copy And Paste From The Article There Teach.
- sheeplescareme, on 12/28/2008, -0/+7don't forget gold and silver, as well as seeds and water.
can't hurt. - inactive, on 12/27/2008, -2/+7wAKE Teh FArk uP!!, SCoTT MITCHELL.
!YOU ARE being dUMB! - inactive, on 01/07/2009, -0/+5For those with less time, here is a short 15 minute video that sums up much of this quite nicely.
Legally, Constitutionally, and Physically, What is a dollar? Watch and learn!
http://www.youtube.com/watch?v=1FiaUpeJxcA
http://www.youtube.com/watch?v=FbyQB8e-rQg - inactive, on 12/27/2008, -2/+7HOLY ***** !!!!!!
- sheeplescareme, on 12/28/2008, -0/+5it began with the orders from the chinese central bank regarding aig. once the ball began rolling, there was no stopping it.
- omegaant, on 12/30/2008, -0/+5If the money is all imaginary (in that we "imagine" it to be worth something) then what difference does any of this make? We have been operating under the illusion that pieces of paper are worth something, and it may as well be shells, gold coins, paintings, or bags of salt.
So if someone has FOOD, which is what we really need to survive, then isn't food the most important commodity? And if that is the case, then why would someone with FOOD take anything other than FOOD to trade (pay) for that item? I'm talking about extreme case scenario in which we all go bust. This is why I don't get the hype about buying gold and silver. You can't eat gold or silver or diamonds either! And why would a farmer want a pile of gold coins when he/she already has the true currency?
Do I sound confused? I am! - Doxocopa, on 01/06/2009, -0/+4For those with time.... this article is a very good resumé of the now famous - and lenghty - Google Video: the "Money Masters"
http://video.google.com/videoplay?docid=-515319560 ...
or simply buy a copy: http://www.themoneymasters.com/ - sheeplescareme, on 12/28/2008, -0/+2hey! when you told me i could quote you, it was " WAKE UP STOOPID LAZY PEOPLE!"
-reland1 - inactive, on 01/07/2009, -0/+2@wrobin
What you're saying is true but only to a point. You fail to address the issue that gold has been valuable to all civilizations since the dawn of mankind. You're argument depends on every human being on earth now and the future experiencing a fundamental change in their nature. You will always, for as long as you live, find a vibrant demand for gold that delivers the purchasing power it has now. So while the current currency requires belief that it can be traded for things, it is, as a commodity, virtually worthless. It depends on the authority that produces it to enforce it's value. Gold and other precious metals do not.
So we can either go back to a pure barter system without money at all,or we can use a medium of exchange for all goods and services. As soon as you start looking at what medium works best, for portability and stability in value, it keeps coming back to gold and precious metals.
In terms of an economic system and a monetary policy, is the average American better served with piles of Wall Street paper and digits in a banker's computer, or with piles of gold coins? In terms of a political system, with paper and digits, you're a slave to the banker and to the government, whereas with gold you are free. - inactive, on 01/07/2009, -0/+2First off, thanks man, I got on a roll, and got a good blog post out of this! Hopefully,I can help you.
You're right - the whole thing is somewhat imaginary and depends on perceived value. You mention food, which has real value. But how much food do you trade for a car? Or a house? It quickly becomes burdensome. So people have historically found a medium of exchange. Something that has universal value, and is relatively small to enable larger purchases. This process is as fundamental to human nature as organizing into tribes. It happens naturally and independently all over the world throughout the history of civilization. Where the gold standard people come in is that invariably, whether it's been Egypt, Rome, Europe, Asia, Incas or the Mayans, that medium has been gold and/or silver. To this day, if you take an old "real" American silver dollar anywhere in the world, regardless of it's collectible value, it's still retained it's value and will give you the purchasing power of the 3/4 ounce of silver it contains.
You can take approximately 20 ounces of gold to a car dealer and come home with a nice new car. So while gold is often considered heavy, you've taken less than two pounds of one material and used it to acquire 3000 pounds of steel, glass and plastic. So in purchasing power, it's actually quite light. Paper on the other hand is very heavy. It would take truckloads and truckloads of paper to equal the value of a new car. .
Paper money depends on "the system" to have value. At the end of the day, it's a slip of paper and ink, worth some small fraction of a penny. If the system goes bust as you say, what's printed on it will be meaningless. The value will revert to whatever value the paper has. The silver dollar I referenced before is the same way. What's stamped onto it has no meaning to a guy in Taiwan, but when it reverts to the value of the silver itself, it's still worth about $12 in spending power. What we know historically, is that regardless of what unit of measure is used, the spending power of various precious metals is relatively constant both throughout the world and through out the ages. In truth, whatever form of money is used is of the value of what it's made of, be it gold, paper, plastic, or beads.
Where libertarians and Ron Paul republicans come in, is when money has no inherent value, like paper, it depends on a system for spending power, which is inherently anti-freedom. It requires the acceptance of a non-truth, that something inherently worthless has value. It mandates people exchange or surrender their private property for something that is inherently worthless. It creates mass dependence, at which point you are no longer free.
If I could have convinced more slaves that they were slaves, I could have freed thousands more. -- Harriet Tubman
Hope that helps! - Doxocopa, on 01/06/2009, -0/+1and.... Prayer!
- wrobin, on 01/07/2009, -0/+0The problem with that whole line of thinking, is that despite everything you said, he is still correct.
Gold has no intrinsic value. The fact that in your mind it does, doesn't really change anything. It's only value (other than in certain specialized manufacturing situations) is in the "belief" that it can be traded for other things... the exact same belief that currency has value based on.
Gold has been used as a medium of exchange because it's a) rare, and b) shiny... Not really a strong enough platform for all the faith you are throwing upon it. Plutonium is rare, why not use plutonium as your currency?
If Gold were being used as you wished, we'd be reading conspiracy theories that suggested that gold isn't really rare at all, the supply is just controlled by a small set of people (heck I believe that may actually be the case for diamonds).
The point of trade, is to allow people to exchange goods... the medium is not the point, it the method of getting there. - ScottMitchell, on 12/27/2008, -10/+2Two Points. First, You Are Missing A Comma. It Should Be: "Copy And Paste From The Article There, Teach." Second, You Shouldn't Copy And Paste. Write Your Own Summary, Add Your Own Insights And Witty Anecdotes. Wow Us With Your Verve And Zest For The Written Word.
- ScottMitchell, on 12/26/2008, -18/+4Why Do You Start Each Word In Your Setences With a Capital Letter? Typically, Only The First Word Of A Sentence, Along With Any Proper Nouns, Are Capitalized.
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