I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:
Tin Foil Hats, Economic Reality and the Total Perspective Vortex
Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's HR 1098: Free Competition in Currencies Act?
Rand Paul 2016
I just saw this and came here to get the Austrian's take on it.
I just saw this and came here to get the Austrian's take on it.
This isn't surprising, it's what many of us have been saying for a while now. It won't be long before no one wants any part of U.S. debt and the Fed will have to monetize all of it. The Fed is crushing the upward pressure on interest rates for now.
We still have the advantage of having our guns and drone missiles pointed at the oil exporting countries in case they think about trying to trade their oil in some other medium of exchange. Having oil sold in dollars creates a minimum demand around the world for dollars, which is the only thing keeping us from double digit inflation right now. We just export it.
At some point even our guns won't be able to scare them into taking our dollars. When will that be? I have no idea.
Straight buying of Gov't debt is tantamount to a banana republic. When the FED has to buy it that means it isn't worth much. I am not sure how they are keeping the delusion going at this point.
Last edited by awake; 04-02-2012 at 07:40 PM.
War. It's the only option left.Originally Posted by awake
Now just how far the US Military is willing to go is the question.
Ron Paul: He irritates more idiots in fewer words than any American politician ever.
NO MORE LIARS! Ron Paul 2012
Lol and David Frum said the Treasury market can't be distorted because it's so big...
61% will very quickly snowball into 65...then 75...and so on. The printing presses will be run at ever increasing speeds as foreigners flee the "safety" of US debt, which in turn will force the presses to reach even faster speeds.
How long can they keep it all from falling apart? What will be the end result?
I have read countless opinions and predictions from many people, and if even 1/10th are even close, we are in for one hell of a nightmare.
Thanks for linking the article. I have so little free time lately to research the markets/economy. 61% eeekkk
+rep
"When the power of love overcomes the love of power the world will know peace."
- Jimi Hendrix
"If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action."
- Ludwig Von Mises, Planning for Freedom
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