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Our monetary system is a ticking time bomb
#1
I've known for awhile now about how fractional reserve banking is a fundamentally flawed system, but this video really helped put into perspective how that relates to the Federal Reserve, our national debt, and how ultimately, everything HAS to come crashing down. It's not a matter of if, but when.

http://www.youtube.com/watch?v=iFDe5kUUyT0

After watching that video I looked up some historical data on inflation and our national debt. It's downright scary. Here is a historical inflation chart:

[Image: imagesinflation-uk-graph-log-small1.jpg]

When looking at that chart, keep in mind that the Federal Reserve was established in 1913. See any correlation there?

And look at what our national debt is doing:

[Image: Debt%20Ceiling%20History-thumb-570x314-49343.png]

It's a pyramid scheme; there is no possible happy ending. It will all come crashing down.

The question is, when?
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#2
The question is indeed "when".

I have been hearing that we stand at the very edge of doom for over 30 years, mostly prophesied by people making money by selling us something.

Although the threat is real " if something isn't done soon", it something is always done, even if that something is to simply kick the can down the road, to vast dismay of those who.warn we can't keep doing that forever, and yet we do. And another year passes, and another.

I dunno, I it all will come true one day. If the weatherman forecast rain everyday for 30 years, and every day for 30 the sun shined brightly, at what point would stop carrying your umbrella?

While changes have certainly taken place in our economy, every rush hour our roads are clogged with traffic, presumably folks going to/from work? Every breakfast/lunch/dinner my local restaurants are so clogged with diners I can't get a seat.

I look around and some days I don't know what to think, but I can tell you a lot of the doomsayers are selling you something.
“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.”

William Pitt
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#3
.

much of the problem now has to do with the petrodollar and the need to keep those dollars flowing around the world to keep the dollar as the world reserve currency .

being the reserve currency allows the US to print money

without the ability to print money we are SCREWED

at any one time there are 4-6 trillion US dollars used for trade worldwide about 85% of it used for energy payments

Iran is no longer using US dollars in it's oil trade

Muammar Gaddafi stopped using the dollar and would only take gold as payment for oil.....so he was eliminated

saddam hussein .....same deal

Our agreements with western Europe stipulates using the dollar.

Europe gets most of their energy from Russia.

Energy exports are Russia's largest sector of their economy

Russia and China have agreed to trade in the YUAN (chinese currency) bypassing the dollar.

Russia taking crimea is about them needing that land for pipelines and port access to ship their oil to China

making Russia the villain over flight 17 whether they were directly involved or not, is an effort to get europe to seek alternate energy sources .

Rumors over the last several weeks are that Germany is pondering joining BRICS which is a group of five major emerging national economies: Brazil, Russia, India, China, and South Africa

for a while now it has been an assumption BRICS will form a bank based on the YUAN.

if and when that happens it lights out for ponzi scheme of the game of the fractional reserve US dollar and its world wide reserve status

[video=youtube]http://youtu.be/FVSGGcyXQDA[/video]
It's the "BILL OF RIGHTS" not the bill of "needs"
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#4
Curmudgeon;150291 Wrote:I look around and some days I don't know what to think, but I can tell you a lot of the doomsayers are selling you something.

Agreed. If Goldline (and those like it) really thought that gold, silver, platinum, et al was going to skyrocket as high as they're inferring, they would be BUYING it, not selling it.

To me its the "hey, I've got a 1 million dollar lottery ticket in my hands that I'll let go for two grand".
Vampire pig man since September 2012
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#5
Nope. I've thought this shit too but now I know it's shit.

It's quite simple.

If every nation went gold standard but the us the dollar would still be the winner (well if the swiss maybe id trust them more).. okay. So do you trust russia to honor their debts? China? Germany ir any government. That's why the us is on top.. that's why we will stay on top until we purposely fucj everyone.
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#6
Camper;150303 Wrote:
Curmudgeon;150291 Wrote:I look around and some days I don't know what to think, but I can tell you a lot of the doomsayers are selling you something.

Agreed. If Goldline (and those like it) really thought that gold, silver, platinum, et al was going to skyrocket as high as they're inferring, they would be BUYING it, not selling it.

To me its the "hey, I've got a 1 million dollar lottery ticket in my hands that I'll let go for two grand".

To them it doesn't matter the brokerage houses make money whether the price goes up or down. They have ZERO risk in the way they operate. They don't need to speculate on when or if the dollar will collapse. On top of that the fact that we now have paper commodities like ETFs coupled with the Glass Steagall travesty means that the brokerage houses can literally sell vapor. They now deal in imaginary commodities. If everyone called in their ETF investments tomorrow we would see the world's biggest game of musical chairs take place ever in human history the product that they've sold simply does not physically exist to back up the paper. You're also assuming that US banks and financial firms have an allegiance to the fed or the US. Trust me the day the dollar folds all of these outfits will pack up shop and go drain off the next richest country out there that can be fooled by the short term promise of fiat currency.

BTW Goldline specifically is a scam that has been investigated by congress. It should be a huge red flag to anyone that Alex Jones, Micheal Savage and Glenn Beck perpetuate the scam of selling overpriced gold. The vast majority of gold and silver sellers out there save for places like APMEX are in the business of ripping people off who want to invest in metals, but are too retarded to google "gold spot price" before whipping the credit card out. I love the cash for gold places that say they want to buy your "old gold" as if it degrades. Chances are the gold in the ring you cart around today has a tiny percentage of gold that may have graced a King's finger, or Montezuma's regalia. There is no such thing as "old gold".

Either way I slowly build up my silver reserve besides from what I purchase from religiously asking the banks for their oddball coins every time I make a withdraw or a deposit. I'm up to over a pound so far this year bought at face value, literally pennies on the dollar just asking bank tellers and not going out of my way. Most bank tellers are also too retarded to know the currency they handle on a daily basis can be worth far more than it's indicated value. I also have most rare bills that may be in circulation memorized so I can spot them when I get cash from the bank. The other week I plucked a mildly worn circulated 1950A $100 bill out of my cashed check then turned around a week later and sold it for $125, got myself another silver eagle for basically free with it with it and got my $100 back. It's so easy to learn what to look for and I've tried to teach my friends and family what to look for, but most people are too lazy to take a closer look at what is in their pockets and ask what made that funny noise when the cashier at Wawa dumped a new roll of quarters into the till. You can amass a great deal of silver at zero risk with minimal effort.



The forum poster formerly known as Emoticon...
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#7
If you guys have not read this book it's a must.....

[Image: 516P995FZTL.jpg]
steelcityk9cop, proud to be a member of pa2a.org since Sep 2012.
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#8
Cause for concern? Of course! Serious issue? Absolutely! Everything HAS to come crashing down? Typical internet BS fear mongering!

All financial systems are built are trust. I give you a piece of paper and you give me something tangible while trusting that you too can exchange the same piece of paper for something of value. Issuing debt involves trust that I will be here to pay you at a later date. There is nothing fundamentally wrong with either concept. But looking only at the $ 200K mortgage of somebody earning only $ 50K per year does not tell the entire story.

A few ingredients left out of the soup:

We remain very very rich in assets, technology, innovation and natural resources - including history changing new energy reserves.
All US Bonds (debt held by others) are payable only in US Dollars
The Chinese RMB is not yet even convertible, let alone a serious rival to the Dollar
In comparison, BRICS is more like your kids playing house.
The other major economies would simply never trust their futures to Russia and/or China. Never.
It’s not like everything was so peachy before the Fed Reserve. If fact in terms of credit and investment stability they down right sucked.
Same is true with being on the Gold standard.

While the game may very well come tumbling down some day but IF it ever does the rest of the world will go first, hit the ground much harder and will take much longer to recover. Until then we will remain the world’s safe harbor as evidenced by their capital flow.
Dave, proudly annoying members of pa2a.org since Sep 2012.
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#9
Dave;150334 Wrote:A few ingredients left out of the soup:

We remain very very rich in assets, technology, innovation and natural resources - including history changing new energy reserves.
All US Bonds (debt held by others) are payable only in US Dollars
The Chinese RMB is not yet even convertible, let alone a serious rival to the Dollar
In comparison, BRICS is more like your kids playing house.
The other major economies would simply never trust their futures to Russia and/or China. Never.
It’s not like everything was so peachy before the Fed Reserve. If fact in terms of credit and investment stability they down right sucked.
Same is true with being on the Gold standard.

While the game may very well come tumbling down some day but IF it ever does the rest of the world will go first, hit the ground much harder and will take much longer to recover. Until then we will remain the world’s safe harbor as evidenced by their capital flow.

What makes you think that America's technological dominance will continue? Our university STEM departments are made up primarily of huge numbers of foreign nationals because our own people can't hack the academic programs. We live in a society where we tell people to "follow their heart" into a sociology degree which at best earns them a spot as a Walmart store manager instead of other countries where the only acceptable college paths to the parents are those that result in high paying/noble jobs. Our schools are still riding on the coat tails of the people inspired into science careers as professors by the fucking space race, how much time do you think is left on that clock? How much time do you think before the foreigners we are educating here decide to return to their home countries and raise the level of their academic programs to what we used to be so the incentive to travel here for a better education degrades.

The things that used to inspire trust in the American economy and currency are eroding or already vanished. Why would other countries want to be tied to an economy to another country that follows up the dotcom crash with the 2008 housing crisis with economic analysts saying left and right that there are a number of bubbles either building or yet to burst that will send shockwaves through and injure the world economy every couple years. Look at any small town in America today, look at all the carved marble husks of former independent/small banks that have collapsed and consolidated into a monopoly as to be "too big to fail". What makes you think that the banking monopoly won't leverage the "too big to fail" status again to involve themselves in whatever high risk activities they choose? You take everything in this country for granted and automatically assume the good times will continue to roll.
The forum poster formerly known as Emoticon...
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#10
crosshair 
Because none of what you said makes the us dollar less trustworthy than any other nations, infact it makes it more trustworthy.
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