Posted on 10/08/2009 7:48:32 AM PDT by FromLori
Peter Schiff’s new book covers this in all its gory details, including GENERAL recommendations on what to do.
In China, they call it the ‘Pelosi Dollar’.
At least they understand our Federal government and who holds the ‘power of the purse’.
Obama has only the power of the bully pulpit and the veto pen.
We need to concentrate on the leeches in Congress.
Those Dems up for election need to go!
Don’t worry, it won’t be long until they implement Directive 10-289. (See Atlas Shrugged)
Economic Jihad almost complete?
When this collapse comes, it will be at the speed of heat, and there will be nothing to stop it. This single issue could trigger a cascade of financial collapses that is difficult to imagine and will make the sub-prime mortgage debacle look like a mere error in petty cash.
Has to happen. Should have never begun.
But Take Heart - the stock market is UP and wall Street is getting theirs!
bookmark.
I hope not, no way in hell I’ll support it.
Wonder what the Fed is doing with the unaccounted 2T? Wonder if the land swap deal now owned by Santa Fe RR that is reportedly sitting on a pile of gold, has had a bit of subterranean activity.
Is it possible, or even feasible, to go back on the gold standard? Jack Kemp, RIP, was in favor of this for years.
I think it was Secretary (unfortunately of HUD, not Treasury) Kemp's theory that the government could put itself on the gold standard by the mere, ironical, act of selling its gold holdings. That would destroy the illusion that there was anything behind the dollar but the credit of the US - and thereby put the dollar on tenuous grounds which precluded irresponsible deficits.He could not foresee, of course, the election of a POTUS who would seek to destroy the dollar as a matter of policy.
Sure we could go back on the gold standard. Why not? There are those who say there is too much currency and not enough gold. That just means that gold would become very expensive.
Going back to the gold standard...?
Hmmm....your bank account would really take a hard hit. Lot’s of folks would find out the real value of their now fiat money.
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