Posted on 05/29/2011 8:51:21 AM PDT by SeekAndFind
If the dollar collapses, then the price of oil will skyrocket.
RE: If the dollar collapses, then the price of oil will skyrocket.
Or they might price oil in some other stable currency, and it won’t be in the Euro either as that currency is no better.
Indeed. If you go to any of the bloggers who track these things accurately, you can find an overlay of fluctuations int he dollar with fluctuations in the cost of crude. It is nothing less than stunning how nearly perfect of an inverse ratio they hold. When one goes up a half a handle, the other goes down about the same amount. And it plays out over months and years.
Let’s keep in mind that those who are in charge are fully aware of this. They know that the WOT was based partially on an interest in keeping the flow of oil going, because they know that oil (cheap energy) is the lifeblood of western civilizations. Shut down that flow and you return western civilization to the dark ages.
They are trying to do so in a controlled process. But government NEVER has the control they think they have, which is why planned economies ALWAYS fail.
I have not changed my tag in a long, long time and do not plan to change it. It is the single most important message I can try to convey at this point.
And the price of guns, ammo, food, liquor, tobacco, etc, etc, etc. as well.
I wonder why the yield of long US treasuries have not gone up at all, and why the USD has been strengthening against all major currencies for over a week....
Would you accept the Chinese currency if they "said" it was backed in Gold? How about the Zim, if they "said" it was backed in Gold? The solution is for the U.S. to clean out that vipers next in the swamp called DC and all of this will take care of itself. We are witnessing an intentional destruction of the power of the United States of America, by a fraud sham POTUS and his minions. Commie Bastards led by "Barry the B"
While much of this is true, the American people are simply not willing to accept curtailment or even reform of the entitlement state. This nation’s people are firmly wedded to the social welfare system and it will probably not be till the brink of collapse that folks are willing to do a thing about it.
Democrats will use “medi-scare” successfully, with the media’s help of course, right up till the time the program collapses. Heck, the American people are so far gone that these entitlement programs could literally be in the processes of implosion and people (especially old folks) would be unwilling to do anything to fix the problem.
It’s frustrating and sad, but that appears to be where we are at.
RE: While much of this is true, the American people are simply not willing to accept curtailment or even reform of the entitlement state. This nation’s people are firmly wedded to the social welfare system and it will probably not be till the brink of collapse that folks are willing to do a thing about it.
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Some thoughts :
1) The more people become addicted to the drug of government largesse courtesy of other people’s money, the more difficult or near impossible it is to implement any reform. In fact, reform itself can be demagogued to scare people into believing their entitlements will be taken away.
Notice how Paul Ryan’s relatively mild and timid Medicare reform plan is being demonized ( and effectively too I might add... see the most recent NY-26 Congressional Election results).
2) The most recent survey that shows that nearly 51% of adults in this country pay NO TAX is a very bad sign.
3) As Greece, which is on the brink of collapse, shows, EVEN THE IMMINENCY OF COLLAPSE DOES NOT CHANGE THE ATTITUDE OF PEOPLE WHO HAVE GOTTEN TOO USED TO ENTITLEMENTS.
Moral rot at the societal level is accompanied by economic decline at all levels, eventually.
We're reaping what we've continued to sow. The law of the harvest has not been repealed and will continue to be demonstrated.
I believe the “Other Stable Currency” Is called an SDR. We (U.S. Gov) are already buying them. Here is an article (well documented), from October 2010, and there are many other articles on the site, if you read through the past ones, all well documented, about the implementation of the SDRs:
http://neithercorp.us/npress/2010/10/currency-wars-the-phantom-financial-menace/
Here’s another from January of this year:
http://neithercorp.us/npress/2011/01/disinformation-fog-intensifies-as-economic-turmoil-develops/
And we keep right on electing the same ol' retreads into office and repeat as necessary to solve all of our problems.
Yes, I'm laying blame on politicians in Washington who are "elected" to keep such things from happening by doing nothing but following the Constitution as written.
Agreed.
But WOT is expensive.
So our “cheap” energy is not a cheap as we like to think it is. It costs us dearly in young lives and treasure. There is more to the price of energy than what you see at the pump.
We need to become energy independent as quickly as possible. Been saying that for over 10 years now. Our survival depends on it.
“And we keep right on electing the same ol’ retreads into office.”
Consider the sheer number of people brainwashed by the public education system. Until that’s cleared up, the nation, as a whole, does not know where to turn to for answers. Public education must go.
RE: Yes, I’m laying blame on politicians in Washington who are “elected” to keep such things from happening by doing nothing but following the Constitution as written.
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I like to be fair and say that MOST of the elected Republicans in the upper and lower house are trying to do something about it (with the exception of RINO legislators like Collins, Snowe and Scott Brown).
If we want to turn this thing around we ought to make sure that Democrats and Republicans like the above are VOTED OUT OF OFFICE.
“Contemplate the mangled bodies of your countrymen, and then say “what should be the reward of such sacrifices?” Bid us and our posterity bow the knee, supplicate the friendship and plough, and sow, and reap, to glut the avarice of the men who have let loose on us the dogs of war to riot in our blood and hunt us from the face of the earth? If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom — go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!” ___Samuel Adams___original “Tea Partier”
Cash will not collapse. They have not actually printed it. It is all on paper. In the Balance Books etc.
I can guarantee you if everyone tried to get cash for what they have in the bank. It is not there. They could never print enough. Most money is out in cyberspace. Cash is Cash.
Get Cash?
Are you talking about paper money?
Of course they don’t keep that much on hand in the bank, but paper money is easily printed and cheap. The issue is purchasing power and “trust”, however miss-placed.
Gold always has a value, but most people will not accept Gold for payment of a bill, there is no immediate mechanism to convert it to something they run through their accounting system.
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