Seems baffling the US govt official monetary types who want to keep band aid QE1,2,3ing.... ie- Obama and Benanke must have read their economic history, that says when cranking up the fun voucher printing machines is just like bringing another monopoly games money to the board. From the later Romans to ... now USA? Regardless of their good intentions, history remembers it will result in inflation, economic chaos, and political unrest unless backed by honest weights and measures.ie- Gold +Silver. Seems Ron Paul US 2012 Mr. Prez canditdate has the gonads to speak sense re going back to the Gold Standard...which as the past tells us will eventually result in stable prices, economic growth and political tranquility. Default, stop world policing, tighten belts and get the books into order.They must know this...dont they?or is it they do but their hands are tied by higher powers that be?
beamseeker, Ben Bernanke etc know VERY well that printing USDs in order to buy the US Treasuries NOBODY else will buy, is inflationary. So does everyone else! That is the MASTER PLAN!!!! Print the dollars, buy the Treasuries, inflate the currency to damned near ZERO, and pay off the Bond Holders - read China! The Bond holders end up with toilet paper, and the USA can start all over again. The only tricky bit is stopping the HYPERinflation once it has started. Just pray that the hyperinflation does not spread around the world, including Australia! OC
So what does Bernanke personally get out of trashing the $US? Sure he might have a secret stash of gold somewhere in Switzerland but by the time he gets in his chopper out of NY he'll be the most hated person on this planet I really don't know how he sleeps at night while millions of Americans are living in cars and tents
A lot of people in power are 'social psychopaths' they have no conscience, no feelings of guilt, no empathy and are often the best con men and very clever. They often get into the top positions of power in corporations or government. They can be hard to recognise because they are so good at being conmen. Take a look at this list of characteristics: http://www.geoffmetcalf.com/psychopath.html Never expect them to have any feelings of guilt because they just don't have any.
Best get a tad more evil to keep in the race eh?....hopefully the gigainflation wont break thru our land girt by sea.
I have little doubt that Ben Bernanke etc have sat in conference, and thrashed out the 'Master Plan' to deflate the USD to a point where the Bonds become easily manageable. The easiest way to do that is to flood the place with Greeenbacks. There are some HORRIBLE repercussions from that strategy, and I am sure they know that very well. It will destroy millions of lives, not only American lives, in the process. But it will eventually save America, (I think). What will happen to Bernanke? Retire to Switzerland or get assassinated maybe. OC
I for the life of me can't understand how the US dollar after being downgraded GAINS value over the Aussie dollar and Canadian dollar especially given that they are both resource based and resources pretty much across the board are up. Some sort of scams at work for sure.
Can someone tell me what has to happen for the yuan to become the world base currency...cause if that does happen wouldnt the US then not be able to print their way outa strife, and be totally up the creek? How can a currency thats not AAA rated be the world currency anyway?
If China could back the yuan with gold it could become 'one'of the reserve currencies but it does not have anywhere near enough gold yet. Also I cannot see the rest of the world accepting the yuan as a reserve currency on its own, also China has regulations on foreign money exchange at the moment. I think that if the US dollar sees further downgrades the world will be looking at an alternative reserve currency system but hopefully it will not be any one country - that is just asking for more trouble! The USA is up the creek! :/
Gold and silver are also massive tools of control for the bankers. "A Gold Backed World is a Terrible Mistake" : Bill Still - Part 1 of 2 - http://www.youtube.com/watch?v=c9U3lHCgylo
Destroying the US Dollar is not the master plan, it is a subplot of the master plan which is ....depopulation. http://en.wikipedia.org/wiki/Population_reduction_conspiracy_theory Causing chaos and hardship will kill off the weak and slowdown the rate of population growth. Of course, those at the top will be fine, their place is assured, they just think there are too many of us, and the world would be easier to manage if we got rid of a lot of the.......undesirables. But keep the workers to toil in their factories.
Not so much gaining value as everyone fleeing equaties markets has to pass through the USD to get out which is creating high demand. Basically the chain is like this at the moment: shares bad sell ---------> sell shares means getting USD lots of sellers means demand for USD high = higher USD -----------> buy something else (gold/land/spam) ----------> demand for dollar decreases when those that wanted out of equities are out and the USD slides again
Yeah, interesting that if you want to trade out, you still have to trade USD... Good to see that someone at Channel Nine finally realised the value of their fiat, and dumped it down the toilet..
