I really appreciated seeing your original question, powayseller. In my opinion, America is doomed economically until people understand that we are living in a monetary system that is dishonest and rigged in favor of the bankers and politicians. Asking the question, “where does the money come from?”, is an excellent first step.
There is only one true statesman serving America right now. This man is Representative Ron Paul. He is the only person who questions the financial games that people like Greenspan, Bernanke and Snow play. If you pay attention, you will notice that when Mr. Paul asks a question of any of these people in public, the station takes a commercial break or cuts away to something else (why is that? – don’t want the sheeple to question the status quo like Mr Paul does?).
Mr Paul constantly talks about the perils of fiat currency and how America is on a slippery slope financially. Read his latest missive which is entitled, “Perils of Economic Ignorance”. http://www.house.gov/paul/tst/tst2006/tst032706.htm
Gold as currency – unfortunately, I don’t see this happening until after the economy collapses (or at least until the US dollar is rejected by all players). My pessimistic view of human nature tells me that we will continue to do everything we can to maintain the status quo. This is easier than making painful changes now. Unfortunately, all we are doing is postponing the inevitable.
Our government will do everything it can to supress the price of gold because rising gold prices indicate economic problems (and/or monetary debasement). Prior to the coming collapse, we will probably have another period when gold and silver will be illegal for US citizens to hold. The government will tell us that terrorists are using silver and gold bullion to support their evil activities and therefore they have to make silver and gold illegal. The reality is that confiscating silver and gold will just let them maintain the status quo with the US fiat dollar for awhile longer.
Since you are in a questioning mood, here are some things for you to research and question:
> the Federal Reserve is a private corporation and IS NOT part of the US government – the owners of this private corporation are the other reserve banks
> We The People pay the Federal Reserve interest on all the money they create out of thin air (please let that sink in – we are paying a private corp interest on something that they created out of thin air!)
> our founding fathers were students of history – they understood the perils of fiat currency and central banking and they tried to protect us from them (that’s why the Constitution says only silver and gold will be legal money)
> there have been several trillion dollars in new loans made by banks since 2000 but overall reserves held by banks have DECREASED since 2000 – and people think their money in the bank is secure!!! – FDIC is just another underfunded agency (like PBGC the pension guarantee program) that will ultimately be overwhelmed as the economy collapses
> information about how the monetary system works has been intentionally removed from the education system of all western countries – don’t teach the people about something you don’t want them to understand or question
I don’t know what we as individuals can do about our dishonest monetary system. I believe this is the root problem underlying most of the issues in America today. I am trying to educate people when the opportunity arises but it is frustrating as hell.
Part of the challenge is that most Americans are living paycheck-to-paycheck so concepts like ‘store of value’ and ‘intrinsic value’ have no meaning when I try to educate them about money. We have also been fed a load of BS from the central banks and our government that inflation is necessary and even a good thing. Americans buy this BS because they don’t know any better. And who is the typical American going to believe, Alan Greenspan or 4plexowner?
Q: How do you know when a banker or politician (with the exception of Ron Paul) is lying?
