Thanks Red Badger. BTW, it's nonsense -- there is no "debasedment" of currency, the currency is what the political authority sez it is -- that began in the Kdm of Lydia -- and there is nothing else.
Posted on 07/05/2016 4:36:48 PM PDT by vannrox
It’s in the interest of government to create dependents by bankrupting everyone.
The commissars want lots and lots of serfs.
And your solution or remedy is........
One of my Nashville buddies did a tour in Scandinavia a few years ago. asked him if he’d had any really good beers. He said “No! Beer in a club is ridiculously priced. 7/8 bucks a bottle!. All taxes!
Get rid of socialism. But the Scandinavians have been with it for a very long time...doubt they would stand up and fight for what belongs to them.
PinGGG!...
I was 9 years old in 1964, when the last silver US coins were minted. I knew then we were going downhill
..
“Beer in a club is ridiculously priced. 7/8 bucks a bottle!. All taxes!”
The reason for this is that alcoholism is a real problem in Scandinavia, partially from the long, dark winters and Seasonal Affective Disorder, and partially due to the general hopelessness and futility of living under socialism. What I do like about many of those countries is that they direct those tazes directly to the treatment of those problems. Compare and contrast that with this country.
At the get-together afterwards, the vicar said: "We make half of what Americans make, and pay twice as much as they do for everything. No wonder we can't get ahead."
Totally accurate.
But if you are a working man in Europe what are you going to do about it?
Complain?
We think OUR elected leaders are bad.
European elected leaders START at the left wing.
There's nowhere to turn if you don't take it, and LIKE it.
[ “There is no subtler, surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” ]
What, like the current U.S. situation?
Ben who?
Thx, when I saw “Roman Empire” in the article, I figured someone had pinged me, did the search, and for a change actually *saw* it in a timely manner! :’) Will do the GGG thing later.
Dover?
It was invented by ancestors of Ben Bernanke.................
BOHICA!...............
Ben had.
OPEC has been doing its defacto pricing in Euros for over ten years, in order to keep crude price-stable in Europe — the EU being a nearby large market, and the USSR, oops, I mean, Russia selling about 45 percent of the EU supply. Since Brexit, the Euro has dropped against the US dollar. It’s just about that, and not about any bugaboos.
http://www.xe.com/currencyconverter/convert/?From=EUR&To=USD
OPEC Has Already Turned to the Euro
GoldMoney Alert
February 18, 2004
...The source for the euro exchange rate is the Federal Reserve, and I have calculated the euro's average exchange rate to the dollar for each year based on daily data.We can see from column (4) in the above table that in 2001, each barrel of imported crude oil cost $21.40 on average for that year. But by 2003 the average price of a barrel of crude oil had risen 26.0% to $26.97 per barrel. However, the important point is shown in column (6). Note that the price of crude oil in terms of euros is essentially unchanged throughout this 3-year period.
2001
As the dollar has fallen, the dollar price of crude oil has risen. But the euro price of crude oil remains essentially unchanged throughout this 3-year period. It does not seem logical that this result is pure coincidence. It is more likely the result of purposeful design, namely, that OPEC is mindful of the dollar's decline and increases the dollar price of its crude oil by an amount that offsets the loss in purchasing power OPEC's members would otherwise incur. In short, OPEC is protecting its purchasing power as the dollar declines.
Ben had by Ben Bernanke.........................
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