The End Of The Dollar?

[SpacePunk]

I'm sure people on here have their opinions on Glenn Beck/Fox, but the guy DID have the balls to report this as the travesty it is...

While the rest of the media were distracting their viewers with Leno, AIG bonuses.


FnZ8p3ESod0

[Smeee]

Incredible. Just incredible.

This was completely ignored by the British media.

[SpacePunk]

The Federal Reserve took over the dollar in 1913..

It is now worth 3 cents.

[zion the lion]

I dont know why, but Glenn Beck annoys the crap out of me. He makes me want to throw my television into the snow and shoot it with the gun. If the dollar is that bad then...communism ftw

[TK]

The British Pound is more likely to end before the dollar does. At the rate things are going, the Euro should overtake it by the end of the year.

[Smeee]

The British Pound is more likely to end first then the dollar at the rate of things are going, the Euro should overtake it by the end of the year.

Yeah you're probably right. We in the UK are in a far worse shape than many people realise. And I'm unconvinced our government can handle it.

[SouthernCross40]

So...how are things in Canada?

[samsara]

ha oh dang why do i feel like things are going to get far worse then it already is.

[TK]

So...how are things in Canada?

Was this rhetorical?

[SouthernCross40]

Was this rhetorical?

Haha no, I was genuinely wondering how Canada is faring compared to the rest of the world.

[TEAMRAMROD]

Interesting.

[Smeee]

ha oh dang why do i feel like things are going to get far worse then it already is.

Probably because they are :shrug:.


:-(

[samsara]

Probably because they are :shrug:.


:-(

yeah everyone I know is way too optimistic.

[StillTrying1288]

Yeah because being pessimistic is much better than optimistic. If the media weren't all gloom and doom every damn day things would be much better.

We know or should know its going to be a long road to recovery, but come on be optimistic once in a while.

[TK]

Haha no, I was genuinely wondering how Canada is faring compared to the rest of the world.

The Canadian dollar is worth about 20 cents less the United States dollar right now. I'm not sure how in trouble their economy is, but I doubt they will drop their dollar before the US drops there. Unless, of course, if they join the EU and adopt the Euro, which if they do, it would be after Britain does.

[TK]

ha oh dang why do i feel like things are going to get far worse then it already is.

Chances are they will. I doubt we'll be out of this recession before the end of Obama's first term.

[xshady121]

It's time to audit the fed with HR 1207.
http://www.ronpaul.com/2009-03-19/ron-pauls-bill-to-audit-the-federal-reserve-now-has-33-co-sponsors/

[xshady121]

Chances are they will. I doubt we'll be out of this recession before the end of Obama's first term.

You say that like he is guaranteed a second.

[TK]

You say that like he is guaranteed a second.

I suppose I did. I think barring any catastrophic mistake by his administration or a republican candidate who is popular with the base and moderates, he'll be reelected. Although, that's what I believe. He could turn the economy around and still lose the next election I suppose.

[TK]

It's time to audit the fed with HR 1207.
http://www.ronpaul.com/2009-03-19/ron-pauls-bill-to-audit-the-federal-reserve-now-has-33-co-sponsors/

Interesting.

[zion the lion]

Chances are they will. I doubt we'll be out of this recession before the end of Obama's first term.

If this thing doesnt turn around in 2 years Obama wont get a second term. There are way too many people who pick apart every little thing he does, and blame him for this recession.

[TK]

If this thing doesnt turn around in 2 years Obama wont get a second term. There are way too many people who pick apart every little thing he does, and blame him for this recession.

Who exactly blames him for the problems he inherited? And as for picking apart every thing, this happened with Bush. Bush was reelected.

[StillTrying1288]

Who exactly blames him for the problems he inherited? And as for picking apart every thing, this happened with Bush. Bush was reelected.

Mostly just those on the right, I haven't seen alot of moderates or liberals blame him for the problems inherited.

[samsara]

Chances are they will. I doubt we'll be out of this recession before the end of Obama's first term.

yeah this has been coming for a while though people should have expected it.

[zion the lion]

Who exactly blames him for the problems he inherited? And as for picking apart every thing, this happened with Bush. Bush was reelected.

Not people who are politicians, just a lot of very conservative people.

[Praetor]

It's time to audit the fed with HR 1207.
http://www.ronpaul.com/2009-03-19/ron-pauls-bill-to-audit-the-federal-reserve-now-has-33-co-sponsors/
Just emailed my reps about this. Great bill.

[Smeee]

Not people who are politicians, just a lot of very conservative people.

You'd have to be incredibly ignorant to blame Obama for the recession. I'm hardly the guy's number one fan but that's pretty unbelievable. His response to the recession, however, is something that will be very important.

[TK]

Not people who are politicians, just a lot of very conservative people.

Those are the same people who didn't vote for him last time, so them voting for him in 2012 won't really affect a thing.

[TK]

You'd have to be incredibly ignorant to blame Obama for the recession. I'm hardly the guy's number one fan but that's pretty unbelievable. His response to the recession, however, is something that will be very important.

His response and how effective it proves to be in the short term is what is going to affect who moderates and independents vote for. Most never look for the long term effects.

[Burn That Shit]

Just emailed my rep, hoping he'll support this.

[Machu505]

If my rep's website was up right now I'd email her about Ron Paul's bill.

[GuitarR0cker1]

We have deflation right now with the American dollar, I want the Fed to print more money to a certain extent.

[Burn That Shit]

Yeah create more debt to get out of debt. :thisissparta:

[GuitarR0cker1]

As far as I know the deflation we have right now was not caused by debt in the Fed, but yes obviously if the Fed goes overboard with this it will cause problems.

[envi]

Haha no, I was genuinely wondering how Canada is faring compared to the rest of the world.

Canada's actually in fairly good shape, I believe. We're getting worse incredibly fast on a national level, but my province is actually in a surplus right now.

[Jason Tate]

:yawn:

http://krugman.blogs.nytimes.com/2008/03/15/good-news-on-the-dollar/

[SpacePunk]

:yawn:

http://krugman.blogs.nytimes.com/2008/03/15/good-news-on-the-dollar/


March 15th?


My post was made regarding flooding the market with a TRILLION dollars CREATED OUT OF THIN AIR..

This won't be a fall, it will be an annihilation of a currency, and the end of the Dollar Standard.


"China and other emerging nations back Russia's call for a discussion on how to replace the dollar as the world's primary reserve currency, a senior Russian government source said on Thursday. Russia has proposed the creation of a new reserve currency, to be issued by international financial institutions, among other measures in the text of its proposals to the April G20 summit published last Monday."

http://www.reuters.com/article/usDollarRpt/idUSLJ93633020090319

[Jason Tate]

March 15th?


My post was made regarding flooding the market with a TRILLION dollars CREATED OUT OF THIN AIR..

This won't be a fall, it will be an annihilation of a currency, and the end of the Dollar Standard.


"China and other emerging nations back Russia's call for a discussion on how to replace the dollar as the world's primary reserve currency, a senior Russian government source said on Thursday. Russia has proposed the creation of a new reserve currency, to be issued by international financial institutions, among other measures in the text of its proposals to the April G20 summit published last Monday."

http://www.reuters.com/article/usDollarRpt/idUSLJ93633020090319
What does the date have to do with anything? :eyebrow:

I know what the post was made regarding. I actually read it before posting it.

[Jason Tate]

March 15th?


My post was made regarding flooding the market with a TRILLION dollars CREATED OUT OF THIN AIR..

This won't be a fall, it will be an annihilation of a currency, and the end of the Dollar Standard.


"China and other emerging nations back Russia's call for a discussion on how to replace the dollar as the world's primary reserve currency, a senior Russian government source said on Thursday. Russia has proposed the creation of a new reserve currency, to be issued by international financial institutions, among other measures in the text of its proposals to the April G20 summit published last Monday."

http://www.reuters.com/article/usDollarRpt/idUSLJ93633020090319
What does the date have to do with anything? :eyebrow:

I know what the post was made regarding. I actually read it before posting it.

[Lueda Alia]

Haha no, I was genuinely wondering how Canada is faring compared to the rest of the world.
Canada has been doing better than every other Western country, and we're just entertain a recession right now. Hopefully it's short.

[3eb23]

It's time to audit the fed with HR 1207.
http://www.ronpaul.com/2009-03-19/ron-pauls-bill-to-audit-the-federal-reserve-now-has-33-co-sponsors/

just read this earlier today. good post. keep spreading the word.

[7dollarsox.com]

maybe i am getting my information mixed up, but can we actually audit the Fed? isnt it technically above the law?

if im wrong, the too much alex jones, i guess, haha.

[aesopsphere]

all i have to say is this administration in its short time has already spent more money than every previous administration combined. And guess what we are bankrupt and wont admit it. When the obama administration spends money we dont have your 15 dollars an hour u make at work's value becomes 14 then 13 then 12 and so on.

[envi]

all i have to say is this administration in its short time has already spent more money than every previous administration combined. And guess what we are bankrupt and wont admit it. When the obama administration spends money we dont have your 15 dollars an hour u make at work's value becomes 14 then 13 then 12 and so on.

They're spending more money because we're in the middle of a recession. http://economistsview.typepad.com/economistsview/2008/05/obama-and-keyne.html

[StillTrying1288]

all i have to say is this administration in its short time has already spent more money than every previous administration combined. And guess what we are bankrupt and wont admit it. When the obama administration spends money we dont have your 15 dollars an hour u make at work's value becomes 14 then 13 then 12 and so on.

It's a recession, you spend to get out.

[SpacePunk]

It's a recession, you spend to get out.

Creating money out of thin air to spend your way out of this mess is not the answer.

[CarpeDiem8711]

It's a recession, you spend to get out.
That's like using your credit cards to pay off other debt with.

The reason we're in this "recession" (in actuality greatest depression) is because we were spending too much money we didn't have in the first place. We can only get out of this mess by producing goods that people want with capital that wasn't created out of thin air.

The dollar is being devalued to a point of no return. More "money" has been created in the last 8 years than in the previous 225 years of our republic's existence. That can only spell disaster in the future unless we return to a sound monetary system that is backed by gold and abolish the Federal Reserve.

[WarpSpeedChewy]

That's like using your credit cards to pay off other debt with.

The reason we're in this "recession" (in actuality greatest depression) is because we were spending too much money we didn't have in the first place. We can only get out of this mess by producing goods that people want with capital that wasn't created out of thin air.

The dollar is being devalued to a point of no return. More "money" has been created in the last 8 years than in the previous 225 years of our republic's existence. That can only spell disaster in the future unless we return to a sound monetary system that is backed by gold and abolish the Federal Reserve.
No.

[StillTrying1288]

That's like using your credit cards to pay off other debt with.

The reason we're in this "recession" (in actuality greatest depression) is because we were spending too much money we didn't have in the first place. We can only get out of this mess by producing goods that people want with capital that wasn't created out of thin air.

The dollar is being devalued to a point of no return. More "money" has been created in the last 8 years than in the previous 225 years of our republic's existence. That can only spell disaster in the future unless we return to a sound monetary system that is backed by gold and abolish the Federal Reserve.

Yup I mean because people really have the money to buy goods right? People have the jobs and the income to buy the goods that are being produced. People are able to get loans to make these investments as well right? Why don't you go tell GM and Chrysler this brilliant idea, or any company that has had to cut jobs etc.

[oldwirehands]

It's time to audit the fed with HR 1207.
http://www.ronpaul.com/2009-03-19/ron-pauls-bill-to-audit-the-federal-reserve-now-has-33-co-sponsors/

But Ron Paul is a crazy and has no real grasp on how the economy works!

[SpacePunk]

Yup I mean because people really have the money to buy goods right? People have the jobs and the income to buy the goods that are being produced. People are able to get loans to make these investments as well right? Why don't you go tell GM and Chrysler this brilliant idea, or any company that has had to cut jobs etc.

http://www.morasclass.com/images/lion_facepalm.jpg