Weasel Loc: In the Great State Of Indiana!!

Monday morning will probably be a good time for me to make up ground.
I think gold will be under a grand very soon. I'll be watching close on that one.
Can't make up my mind on energy, but tomorrow is going to be very interesting. Bring a box of hankies.

Patty

Funny how just a week ago the deniers were ridiculing the dollar falling on this thread started 2 weeks ago but the facts pretty much justify my position.

Patty

Look familiar?

Floyd Brown Loc: Milwaukee WI

I put it as we give the money changers Wall street & Banks our money to handle & they look at as a big piggy bank. One that they can take & use for their own best interests.

We need some thing we can trust in to have a steady value that is not under control of the greedy few.

We don't need a debt backed system of money & banking.

We will never win a head on victory with the money changers.
They are just using our money against us. On top of which they want us to pay them to handle our money.

Looking to give our money to any one any where to protect our money is not the answer.

We need to be smarter how we handle our money & not waste it.

Yes our government can print the money & then we need not pay others for the sake of having money.

Patty

Money is debt in our fractional banking system. It is your signature on a car loan, mortgage so forth that actually creates 9X's that obligatory note. The government creates money through debt also.
When the government wants more money, the U.S. government swaps U.S. Treasury bonds for "Federal Reserve notes", thus creating more government debt. Usually the money isn't even printed up - most of the time it is just electronically credited to the government. The Federal Reserve creates these "Federal Reserve notes" out of thin air. These Federal Reserve notes are backed by nothing and have no intrinsic value of their own.

The Federal Reserve then sells these U.S. Treasury bonds to investors, other nations (such as China) or sometimes they "sell" them back to themselves. In fact, the Federal Reserve has been gobbling up a whole lot of U.S. Treasuries lately. Some refer to this as "monetizing the debt", but that is not quite an accurate statement.

When the Federal Reserve creates money this way, it does not also create the money to pay the interest on the debt that has been created. Eventually this puts pressure on the U.S. government to borrow even more money to keep the game going. So what this creates is a spiral where the U.S. government must keep borrowing increasingly larger amounts of money, where the money supply is endlessly expanding and where the value of the U.S. dollar is destined to continue going down forever.

Floyd Brown Loc: Milwaukee WI

We just need a way to lessen the impact the Fed has on us.
This is the strangle hold on us that we all feel.

I feel that it may not help much but more people need to be aware of what the impact of the Fed has on every one.

Any improvements that can be made in easing the impact of the Fed will be an improvement in our day to ay life's.

Patty

The federal reserve is unconstitutional as only congress was granted the power to create money. We need to send our law enforcement in hand cuff them and try them as enemies of the people as Iceland did to their bankers.

Floyd Brown Loc: Milwaukee WI

You will find agreement with me on that issue.

Weasel Loc: In the Great State Of Indiana!!

OK, Guess who's making money end over end right now in the market?
Yep, you nailed it. It is the High Frequency Traders. The more transactions there are, the more money they make! They are like Grave Robbers! Here I am trying to save my last dollar, and they want a piece of it. They beat me to the sell button and take 2 cents before I can grab my dollar leaving me with 98 cents, AND MISTER HOLDER won't do a damn thing about it! Come on man, why do you just sit on your thumbs and refuse to do anything about this ?
What's In Your Wallet?

Serenity54321

Better yet, other than food invest in tobacco. Not kidding. I guarantee you when dollars are worthless, those nicotine addicts will KILL for even an old, stale cigarette. Seriously. :)

Artemis

I believe we've made two major mistakes, firstly being convinced to have private capitalists control our treasury and second getting off of backing our currency with gold.



The private Federal Reserve pays no taxes and reports to no one. Thus, John Rockefeller and his heirs and assigns, have a cash flow each year equal to a good percentage of the American gross national product and that would be enough to buy out British Petroleum and Royal Dutch Shell, even if Standard Oil was broken into smaller pieces.
Read more at
http://investmentwatchblog.com/who-started-the-federal-reserve/#LRB6owEi21Ek3H2i.99

Floyd Brown Loc: Milwaukee WI

Okay with the first part.

On the issue of the gold standard I say it can be played to the advantage of those that have the gold.

I say that the US should bypass the Fed & just pay its bills with money it prints. Being sure to have enough but not to much of it. The country would not be any worse off than it has been & we would save a lot of money now going to the Banking interests & who ever holds the bonds

We need to end the debt base backing of money.
Those that control the money control the people.

A system that is backed by the good faith & trust in our nation.

Money that in effect we are buying.

What ever money the US government printed would still be backed by the good faith & trust in the US

Be assured that messing with those that control the money will not just step aside.

Artemis

When Rockefeller came to the congress with this offer/proposition, what benefit did we receive, in order to want getting into to bed a renowned capitalistic predator?
Why would we hand over such control? Would it not be in our best pursuit to make interest on our own money, backing(investing) our dollar with our own faith.

Patty

I don't remember the particulars at the moment but it was due to borrowed money because of a war. I believe it was money owed from the civil war since the Spanish/American war at the end of 1800's really wasn't that expensive.

Artemis

It seems to me we are always willing to go into debt over war, but not willing to do so to improve our own economy, for example repair infrastructure and create jobs.