The devalued dollar

I watched this today and thought it was interesting, thought I'd share.

https://www.youtube.com/watch?v=3DPfKxOQGHU&feature=rec-HM-fresh+div

 

so, what else is new?
yeah, i have know about this for about 35 years. it does not suprise me any longer how many people either don't know or, live in denial about it.

 

Its sort of cause and effect...




You can't expect to print up trillions of units of currency and not devalue said currency.


The collapse of the dollar is quite inevitable, in my opinion, considering the path we are headed down.


You can only monetize debt for so long...

 

So are you betting against the dollar? Or are you just talk?

 

So do you guys think there is a massive depression just over the horizon or are the facts not presented admirably?

Any theories as to what the future holds?

 

we are already in one hell of a bad world wide depression.
if our political "leaders" don't end the farce of deregulation, we have been lied to about, over about the last 40 years, we will not have long-term economic health.

like i said earler; for 35 years, i have cried out, about this shit we are in now. just about everyone told me i, was full of shit and, calling me names like 'commie,' 'pinko,' etc.

if and when events get bad enough then more actions can be taken.
until then, i'll do what is possible now.

 

Its only common sense.




I forgot, common sense isn't all that common in this day and age.




Maybe we should re-coin the term as "scarce sense."

 

You are going to be rich! You will definitely have the last laugh then.

 

I don't care for the last laugh.



Its going to cause an incalculable amount of suffering.



There are more important things in life than money, to me.

maybe the downfall of the dollar will shake some people from their materialistic ways.


I like a quote from the Bible:


None is able to serve two lords, for either he will hate the one and love the other, or he will hold to the one, and despise the other; ye are not able to serve God and Mammon.

Matthew 6:24


Mammon = money

If you were unaware.

 

It could be that you aren't bothered, or it could be that you don't really believe your own predictions.

I can understand that you personally don't have much interest in money (I am very sceptical, but I will take your word for it), but money isn't just about expensive cars and a rolex.

The thing is, if you had all that money you could do charity work with it. That's what I would do. My girlfriend is from a very poor country and I'd love to move there with her some day and work with disadvantaged kids.

So I wonder about people who say they have no use for money.

 

well i love money!
money can get me the things i want in life.
the problem with money is when people don't understand it.
what almost all "financial experts"
don't tell us or, they don't know, is about the 'spiritual aspect' of money. they understand the 'physical aspect' of money and, that is what has gotten us into the mess we are into right now!
we have been a culture and world that has been out financial balance for one hell of a long, long time.
i'm afraid we are going to have to go right to the very edge of the extinction of life on earth and, pull back just at the last moment before, we wake up and change our ways... i just pray we are not stupid enought to burn the earth to a crisp!

 

Well, of course it has its uses, but as with everything, moderation is key.

 

Whats more inportant is the link on that same page:

https://www.youtube.com/watch?v=m_atOvrTtT8&feature=related

What he got worked up on the middle of the interview was the repsone to the sept/15/08 crash http://abclocal.go.com/wpvi/story?section=news/business&id=6393209

 

Inflation makes it easier to pay off loans.

 

Inflation does nothing but to take money from the people's pockets.

 

It's all phoney anyhow. Print more money. Who cares? There are more people now than there used to be. So there needs to be more. I always wanted to see them print up millions of hundred dollar bills and hand them out to poor people. The only reason "printing money makes the economy fall apart" is because they make it so.

That piece of paper money is supposed to represent either goods or services. Has nothing to do with gold or anything else. I dig your ditch, you give me paper money, I go to the store and spend it. Gold never had to enter into it. More money printed just means it should be easier to get hold of. Anything else is just lies, manipulation, and general B.S.

 

More money printed means that the value of the money in your pocket is steadily decreased.


Which is fine for the bankers, and whoever gets to use the new money first, because these bills, that some would call counterfeit, which are newly printed, have to be accepted for their supposed "value" and hold the most buying power the first time being used.


This is devastating to the little guy, seniors who might live on fixed incomes, who find it is becoming harder and harder each month to make ends meet.


Inflation is a tax, hidden and insidious.

One of the most regressive taxes we have.

 

But why, really? Think about it. The world population keeps on increasing. What if we never would have left the gold standard? What if the population doubles? Triples? Quadruples? You think the SAME amount of paper is enough to go around?

The way I see it, paper money is no different than any other trade item. It is just a lot handier to carry around in your pocket than, say, 5 dozen eggs. But if Eggs were the most common form of trade instead of paper, would there need to be gold of equal value sitting in a vault somewhere to "back" the eggs? Heck no!

Or look at it this way. Suppose there is one person. They have 100 one dollar bills. Now, supposing over time there are 1000 people. But still only 100 one dollar bills.... The gold standard is B.S. and a great way to manipulate and enslave only, if you can get the majority of people to believe in it, which they do. Sort of like believing in ghosts.

 

Suppose someone takes out a 30 year fixed loan with a monthly payment of $1500. If the value of the dollar is cut in half that $1500 will seem more like $750.

 

Not at all?



Because it is extremely unlikely that in that same period of time that their income should double as well.


That is an extremely poor example.