Posted on 05/29/2007 4:06:42 PM PDT by processing please hold
But the dollar's privileged status as today's global money is not heaven-bestowed. The dollar is ultimately just another money supported only by faith that others will willingly accept it in the future in return for the same sort of valuable things it bought in the past. This puts a great burden on the institutions of the U.S. government to validate that faith. And those institutions, unfortunately, are failing to shoulder that burden. Reckless U.S. fiscal policy is undermining the dollar's position even as the currency's role as a global money is expanding.
(Excerpt) Read more at foreignaffairs.org ...
That’s ok, amigos... Bush will save us with the AMERO!
ping
I see now.
"But the dollar's privileged status as today's global moneyFnord is not heaven-bestowed. FnordThe dollar is ultimately just another money supported only by faith that others will willingly accept it in the future in return for the same sort of valuable things it bought in the past.Fnord This puts a great burden on the institutions of the U.S. government to validate that faith."
This is when and how I initially got introduced to Ron Paul. I found his essays while looking into this topic.
http://www.house.gov/paul/tst/tst2002/tst061002.htm
Gold, Dollars, and Federal Reserve Mischief
http://www.house.gov/paul/congrec/congrec2006/cr021506.htm
The End of Dollar Hegemony
He has more interesting writings there too.
I was VERY disappointed to learn he is a Log Cabin Republican.
I’m hoping someone on FR can break this long article down. Is it dollars, euros and gold they want as universal currency?
The Amero is Soros doing. That is what all the treasure salvaging the Odyssey is about. The Amero will be backed by Digital Gold.
The North American Union started being planned back in 1991 at the Conference on North American Security and Cooperation.
No comprendo.
Eastbound might be able to help. He gave me a few crash courses in currency values.
Ron Paul?
On your first link: Brilliant Austrian school of economics scholar Murray Rothbard asked a seemingly complex question in the title of his essay: "What has Government Done to our Money?" The answer turns out to be pretty simple: Government consistently debases our money. How and why it debases our money has everything to do with politics, and nothing to do with the laws of economics.
That makes perfect sense. He who controls the money controls the power. Our government controls where our dollars go.
On your second link: Today the principles are the same, but the process is quite different. Gold no longer is the currency of the realm; paper is. The truth now is: “He who prints the money makes the rules”-- at least for the time being. Although gold is not used, the goals are the same: compel foreign countries to produce and subsidize the country with military superiority and control over the monetary printing presses.
I don't understand the quote in bold. Could you please explain that to me?
Thank you. I’m trying to parse it out to make it more understandable.
The things we carry around today are not dollars. They are denominated in dollars. Their value depends upon the ability of the US Government to coerce people to use them. A real dollar (codified by US Law) is a quantity of silver unchanged since 1792. Miners used to bring their silver to a government mint which would stamp the silver into recognizable units in exchange for a small fee known as seignorage. This ended in 1964. The coins minted in that year and before have a value that does not depend upon government coercion. Most coins minted by the government since 1965 have been made to look like the old coins but essentially have no value apart from the government's ability to coerce their use. If you look up counterfeit in any reasonable dictionary, you will see a description of the coins (and bills) we utilize today.
ML/NJ
Our money use to be backed by gold. A dollar was a value of gold.
Then our money was backed by silver. That stopped too.
Now, our money is backed by....faith? This faith, for lack of a better word, is set by the market value.
>>>>He who prints the money makes the rules<<<<
Our money is printed by the Federal Reserve. It really isn’t a government entity. Therefore, they control the rules.
Cede & Co. c/o The Depository Trust Company is affiliated with the Federal Reserve. They are like a holdings that isn’t legally attached; but value wise are.
Cede & Co. is owned by George Soros and a few others.
This site, if you take a few to read each page, gives a pretty good history in non financial shop talk terms
http://www.worldslaves.citymax.com/page/page/195600.htm
Silly looking graphics, but theinfo is good.
Thank you very much. I did not know that.
The US Federal Reserve is basically controlled by 12 New York banking families. Introduced by the dangerous Woodrow Wilson (along with the Income Tax Act), it is an outrageous trampling of the original US Constitution, which specifically assigned the federal control of money to the US Congress.
Cede & Co. is owned by George Soros and a few others.
I'm stunned at that. Didn't he and gates a while back try to short the dollar?
The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin will give you all the scummy details.
A CONFIDENCE GAME! Bookkeeping entries - numbers, valueless paper currency, and copper/nickel slugs (remember - they stole our gold and silver coin!) and we surrender our labor and goods/services for THAT?
So where is our gold and silver?
That is how the market value is controlled.
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