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  1. #41
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    dvideo-

    You might be partially right, but I've seen enough to think that agenda is also part of it.

    I remember hearing about Charles Collins trying to address the Republican National Convention when his microphone somehow got unplugged. Gee, I wonder how that happened. He was against removing our tariffs.

    When Pat Buchanan was running against Bob Dole for the Republican primary, Buchanan was beating Dole in every state that hand-counted the ballots. Buchanans' rallies were well attended by large enthusiastic crowds while Doles' were small and mundane. Buchanan lost the primary in the states that were computer counted. He was a real threat.

    One night, my wife and I were watching MTV (a stupid dating show my wife liked) when the news break came and MTV gave video shots of Dole and Buchanan stating their positions during the primary to help "inform" the young people of our country (Rock the Vote).

    One little problem.

    Buchanans' speech about his platform was censored - TO THE SYLLABLE - by what appeared to be an extremely well timed audio "glitch". Buchanans' intro was heard and parting goodbye also, but all of the meat was "technical difficulties".

    MTVs' rock-the-vote was more like censor-the-vote.

    Buchanan would visit towns and hold rallies in front of closed factories and explain how our tariff policy was free trade in reverse, giving imports the tax break that Americans couldn't get if they begged for it.

    In my book, Buchanan is a hero that the media stabbed in the back at every opportunity to promote their free trade agenda, and they killed his political hopes.

    Steve

  2. #42
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    Richard -

    The President's commitment to CREDIT!

    Charles

  3. #43
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    Steve
    You are correct! Buchanan is on the right track. He is dangerous to the political elite. One can only hope the people will awake from their slumber and remove these traitors from power.

    Scott

  4. #44
    art_deco_machine Guest

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    In consideration of how the Fed shrunk the money supply and created the 1930's depression, consider this:
    http://www.moneyweek.com/file/9285/c...ice-crash.html

    Central banks worldwide are considering cutting credit, raising interest rates.

  5. #45
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    From what I have seen, the government had to gun the economy after 2001, no two ways about it.

    I have no way of saying that the run up in housing prices was an unintended consequence or not.

    Low interest rates stimulate the entire economy.

    Housing can't be made in China and sold at Wally's

    The housing industry became the sink for money that wouldn't be invested in the untrusted stock market. In doing so, It became the driving engine of an otherwise stalling economy.

    It is obvious that people got giddy, greedy and downright stupid.

    The physical world doesn't like abrupt changes. People should have known that, but they got a mania going anyway.

    I don't feel as if there is an evil conspiracy, the curtain is going down on ToonTown, that's all.

    It all depends on if you jumped off a low stone wall or a tall building. How high up you are will determine how hard you hit when you fall.

  6. #46
    art_deco_machine Guest

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    Suppose everyone starts to dump the the U$?

    "In short, since the USD is the economic common link to world commerce, product pricing, commodities pricing, factory price targeting, for everyone on the planet. If that link breaks, the entire world economy will experience massive market sell offs, plant closures, riots, shortages, job losses, real estate collapses. Not only the US would experience a financial catastrophe, the rest of the world would inevitably be drawn in."

    That is from this article:
    http://www.financialsense.com/fsu/ed...2006/0426.html

    It is a good time to own paid for machine tools.

  7. #47
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    It's coming folks, our dollar will tumble.

    Congressman Ron Paul also voices his concerns:


    Oh, so instead of using the Dollar the syrians are going to use a currency issued by people who have nose bleed high taxes, mandatory government funded medical care, mandatory vacations, chronic unemployment, failure to meet EU demanded debt and spending limits, regulations on practically every aspect of life...

    This same group is loosing jobs to China and other Asian countries as fast as the US. What's more they have a higher per capita debt.

    Just as soon as the Euro becomes a defacto currency the EU will do to it what our Congress is doing to the dollar - debase it.

    Suckers.....

    Gene

  8. #48
    art_deco_machine Guest

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    Nations with US dollars are buying commodities: oil, gold, silver, copper, lumber, land, whatever can be stored.

    China has struck a deal with Saudi to supply technology in exchange for oil. China is also making deals with Iran and Venezuala. And they are 'colonizing' Nigeria, so to speak. And they are going to drill for oil in the Gulf off of Cuba.

    It looks like barter on an international level is already starting. This is what happens historically when the paper currency fails. It happened like that just a few years ago in Argentina.

    About 200 years or so ago, the US America had a very complex system of barter. IT worked well, only bankers don't like it because it cuts them out and also they loose control of the economy. So you will only hear bankers talk about cumbersome and impractical barter is and what a great invention money was. Banks make wealth for themselves by creating money.

    The Federal REserve bank was set up that they create the money that they loan to the US government, and then they require gold to be paid back for the interest. Quite a neat set up; they loan you paper that they print up, and you owe them gold.

    The Fed says they loan money 'on the full faith and credit of the US government, no collateral'. What that really means is, they loan money to the US government on the government's ability to collect taxes, fines, customs and so on.

    Interestingly, if you look at the US code, title 12, section 411,412, it says that Federal Reserve Notes are to be used ONLY for transfers between banks, and can be used to pay taxes, customs and public dues. So, if the police drag you to court, and the judge says to pay a $100 fine, can you tell him you are not a bank and therefore cannot pay him without breaking federal statute? I don't know; I haven't tried it. I haven't had a chance lately.

    I think that Henry Ford once said that if people knew how the banking system really worked, they would be rioting in the streets. Well, when the banking system quits working, there will be rioting in the streets.

  9. #49
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    When the banking system in Germany basically quit working 'tween the wars, it brought the world Hitler... Charles

  10. #50
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    Right now cash money is still good. In fact it is too good.

    Notice that the cops are always on the look out for guys with a big wad of cash. They say those guys got the cash by selling drugs. They really are suppressing the commerce in cash because there is no way to regualte or tax it.

    Usta be that you could fork over cool cash to buy a new car or even a house, try it today.

    The paradox here is that Engraving and Printing is sending a lot of new cash out on the street. That goes into the shadow or cash economy. Yes it buys drugs. It is also used by employers to pay for illegal labor whether that labor is done by illegal immegrants or US citizens.

    I know that around here, you can get a whole lot done in a hurry with pizza, beer and CASH. Don't ask, don't tell. There are workers here who haven't held a job during the nine years I have been here. Some of them don't even have bank accounts.

    Roy's Service Center takes cash, the Food Lion takes cash, the gun shop takes cash, your landlord doesn't bat an eye if you pay your rent in cash nor does the county if you pay your property tax in cash. That's one of the reasons that they call this place "Almost Heaven". [img]smile.gif[/img]

    In a local cash economy the value of the dollar is pegged by commodities. Lately here it is gasoline at Roy's. When the guys at Roy's change the price, you know that your labor rate just went up.

    Barter works really well but you have to be trained in it. Americans aren't. The art is to shuckle stuff around until in the end you make a cash sale. If done right, it is a profitable cash sale.

    People WILL make their livings, people WILL strive and trade to their own advantage. The banking system is there to facilitate that and for no other reason. When that system gets corrupt ot fails, people who are smart enough already have a plan B.

  11. #51
    art_deco_machine Guest

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    Money is a store of labor. I think most have lost sight of that. Of course, you might find a load of gold or silver, and not have to labor for it. But gold is worthless unless you can find someone to labor for you in trade for some of your gold.

    It doesn't take a bank to create money. Anyone can create it; it is easy.

    Say I work for JimK for an hour. He says, I will return the labor some day, I say I want a reciept. He writes on a paper, I owe Art Deco one hour of labor, and signs it.

    I can take this back to him to get the labor, or I can launch it into circulation. I ask some guy to do something for me, and he says, what will you trade me, and I say, well, I can trade you one hour of JimK's labor. If he needs that, he might take me up on it. I sign and give him the paper and he takes it to JimK.

    This exact thing occured after the collapse of money in Argentina.

    THere were some theories of what happened in Argentina, but I think the most likely explaination was that the banks were requiring people to identify themselves at the bank when dealing in cash. It caused the underground economy to collapse. Evidently the underground economy was bigger than the official economy.

    It used to be that most any bank issued currency. But now the Federal REserve has the official monopoly.

  12. #52
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    Inflation is not just a paper money phenomenon. Gold and silver -- the classic money of the hard money crowd -- can also be inflationary. Look at the history of Spain after the discovery of the New World and its easily acquired gold. The gold first made Spain the world's most powerful nation, and then by removing the incentive for Spanish people to do productive work, destroyed its power. Of course weather, Queen Elizabeth, and Sir Francis Drake helped... Charles

  13. #53
    art_deco_machine Guest

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    But in the case of Spain, that was just a local injury. Now we have worldwide debt.

    The only nation that wasn't in debt was South Africa, because they had gold, and a lot of other minerals. Then everyone started calling them evil for apartheid, got Mandela elected about 12 years ago, and now SA is as bankrupt as everyone else; which was probably the plan all along.

    There is an historical tie-in here to Jamestown. People came to the shores of Virginia, 400 years ago, not to settle and stay in the place, but because they thought they would find big stashes of gold like was found in Mexico by the Spanish, and then they could return to England rich. Most could not hack the frontier life.

    The governor of the colony wrote back to England and informed them that, 'thirty laborers, farmers, blacksmiths, and such would do more good than a thousand of what we have now'.

    By the way; the Catholic Church got ten percent of all of that gold that was shipped back to Spain. Wonder what they did with it?

    There is only a finite amount of gold and silver in the earth, so I don't see how you could inflate it up like paper money. Lots of paper money can be printed. And now that they have computers, they can create infinite amounts of money.

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    The only nation that wasn't in debt was South Africa, because they had gold, and a lot of other minerals. Then everyone started calling them evil for apartheid, got Mandela elected about 12 years ago, and now SA is as bankrupt as everyone else; which was probably the plan all along.

    Funny.. If memory serves correctly, the Afrikaners had only a "month's reserve" of foriegn currency. I recall Bush I playing some games and making announcements about that at the time.

    I also recall some depression in the gold market at that time.

    Not long after the announcements by Bush on S. Africa's currency reserves the Afrikaner government agreed to elections with the ANC. "Majority Rule".


    FWIW, a lot of anti-apartheid groups did not like the ANC. One told me straight up, "Mandela is a tool of the settlers".

    He was visiting my school and we had a chance to chat. One thing I remember vividly was how he got involved in "the resistance". S. African police came to his home and beat his father on his behind with a belt - made quite an impression. He told me that Mandela was a tool of the Afrikaners, "They'll keep power behind the scenes".


    I think a lot of the problems in S. Africa (Zania) were due to all of the promises made by the ANC. The ANC put out a lot of markers, then reniged on a lot of them. There were also tribal spats between the ANC Xhosas and the Butheleze's Zulus. People got killed, others were caught in the crossfire.

    Combine it with trouble in Mozambique (RENAMO) and that gibbering idiot who runs Zimbabwe and the whole area has been shaky. Combine that with threats by ANC to do "emulate Mugabe" and you got business troubles.

    Africa used to have a lot of capitalism. Trouble is, their elites were educated in Europe, liked having the good life and wanted to keep it when they went home. Socialism is a license to steal after all.

    Gene

  15. #55
    art_deco_machine Guest

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    You can blame South Africa's problems on whoever you want to, I will stick with the obvious.

  16. #56
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    You can blame South Africa's problems on whoever you want to, I will stick with the obvious.

    You're right, I should have been more clear. Apartheid folded because the Afrikaners exhausted their foreign currency reserves.

    Daddy Bush squeezed 'em.

    Thanks to European Union Pressure and "divestiture" the Afrikaners were losing foreign investments.

    Other countries, such as Russia, were producing gold and other metals. Depressed prices.

    Major insurgency involving the ANC and other groups. Made parts of the country ungovernable. There were areas of Soweto and other areas where a white person dared not show their faces. "Township" violence was a constant drain on money.

    I neglected to mention concerns over nuclear proliferation. Strong rumors that they had eight nuclear bombs. Shared technology with the Israelis. Tested a weapon above ground in the Southern Atlantic. This was another sore spot. I have read that they dismantled the bombs.

    Lots of reasons, core one being most people didn't like the idea of a government based upon race. Most folks still don't.

    The lesson for the United States is that if we annoy enough people we'll get the same "treatment" from other countries. Especially with our foreign debts. I sure don't want an EU style government over here.

    Gene

  17. #57
    art_deco_machine Guest

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    All of Asia drops dollar. Well, sort of. Little by little, I think they are. Here is an article about some sort of common standard they want to set up to compare their local currencies against, instead of pegging them to the US dollar.

    Asia drops the dollar as currency peg.

  18. #58
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    "There is only a finite amount of gold and silver in the earth, so I don't see how you could inflate it up like paper money. Lots of paper money can be printed. And now that they have computers, they can create infinite amounts of money."

    Admittedly so. But the Spanish acquired already mined and refined gold and silver so easily in central and south America it was almost like printing money. Maybe a one time in history set of circumstances. I doubt that the Roman conquests generated as much precious metal in as short a time as did the Spanish in the Americas.

    It is the "wealth without work" syndrome which is inflationary. Paper money could be as sound as gold -- if the politicians could leave it alone. But then again, the politicians inflated precious metals money by shaving the edges and polluting/diluting the alloy. The concept of specific gravity was discovered by someone wanting to test the purity of gold objects.

    Charles

  19. #59
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    Lots of reasons, core one being most people didn't like the idea of a government based upon race. Most folks still don't.
    Does that statement include our "Affirmitive Action" policy here in the USA? If it does, then I also don't like governing based upon race.

    Richard

  20. #60
    art_deco_machine Guest

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    An interesting article about the US dollar in pravda:
    petrodollar article in pravda

    Yeah, that's those Russian people; I know.

    Explains how the US dollar became the reserve currency of the world, and how that might change.


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