Stacy Summary: Yikes. I can’t believe currency traders are even willing to make this trade. Well, @Mike/Liverpool, perhaps your Thing of Beauty is coming soon.
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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@Y’All
On The ONE !!!
soon its going to be “federal reserve bank of america” written on the top
I gave one of those to a currency trader friend
It’s hilarious in a way, the bill says: “Ï promise to pay to the barer on demand”..Which makes me envision a tired african sitting in front of a run down shack at the edge of a desert of zimbabwean dollars, waiting for the devestating day someone comes to take delivery..
So what is the price of an ounce of gold in Zimbabwe dollars ?
I cant seem to find a price chart for gold in Zimbabwe dollars.
VM
Janet’s friend
Warren Buffett ‘feels good’ about Goldman Sachs
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7347449/Warren-Buffett-feels-good-about-Goldman-Sachs.html
Warren Buffett has thrown his weight behind Goldman Sachs and its chairman Lloyd Blankfein, arguing the investment bank has a “place in the universe”.
http://www.thepeninsulaqatar.com/Display_news.asp?section=Local_News&subsection=Qatar+News&month=February2010&file=Local_News201002287121.xml
British journalist warns of Israeli plot to draw USinto war with Iran
Web posted at: 2/28/2010 7:1:21
Source ::: THE PENINSULA
DOHA: A famous British journalist and author has warned that Israel wants to draw Washington into a war with Iran.
But the US is not falling into the Israeli trap and every time the issue comes up, the White House dispatches a senior advisor from the national security department to Tel Aviv to say no to war.
Patrick Seale who is here attending the Monaco Club conference told reporters on the sidelines of the event that Israel believes that if it wages a war against Iran on its own public opinion would force the White House to intervene, especially if Tehran targets US military interests in the Gulf.
The prospects of a war in the region do not bode well for the GCC. Many countries believe that Tel Aviv wants the GCC countries to be a target of Iran in the eventually of a war.
Israel’s thinking is that being dragged into a war, the wealthy Gulf region which is also the cradle of Arab civilisation would get weakened.
Seale argued that Israel thinks that it can literally get away doing anything, especially as Russians are busy elsewhere — with Ukraine and Central Asia.
“This is the real danger we face,” said the British scribe who is based in France.
It is a matter of immense regret that the US is weak when it comes to Israel and the Europeans as well as Arabs remain divided on the Issue, he added.
1862 Two Dollar Confederate States of America Low Grade
Price: US $28.50
http://cgi.ebay.com/1862-Two-Dollar-Confederate-States-of-America-Low-Grade_W0QQitemZ110481960237QQcategoryZ3414QQcmdZViewItemQQ_trksidZp4340.m263QQ_trkparmsZalgo%3DDLSL%252BSIC%26its%3DI%252BC%26itu%3DUCI%252BIA%252BUA%252BFICS%252BUFI%252BDDSIC%26otn%3D10%26po%3D%26ps%3D63%26clkid%3D8206141904155972718#ht_500wt_698
2 guys play mozart on 1 guitar
http://www.youtube.com/watch?v=pN2pMdD_V2A
An off topic mind blower!
VM
I got one of those at home… use it to teach kids that fiat currency is toiletpaper
True story…my colleague is from Zimbabwe…
He used to work for one of the big four audit firms in Zim…he had a house on mortgage. When hyperinflation hit, the audit firm started giving monthly pay rises and sending him for foreign audits more often. So he was earning more and more while the total house price on the bank’s account remained the same.
He used this money to pay off his mortgage in a year..!!!
After listening to him I am guessing hyperinflation is not ALWAYS bad….
Greece Now, U.K. Next as Scots Ready for Pound Plunge 1 March 2010, By Rodney Jefferson (Bloomberg) http://tinyurl.com/yz69w29
@Doomandbloom
I got one frined that listened and is fixing her rate for 20 years..
Earthquakes as weapons?
…thers are engaging even in an eco- type of terrorism whereby they can alter the climate, set off earthquakes, volcanoes remotely through the use of electromagnetic waves….
http://current.com/154us4c
U.S. ISM manufacturing falls to 56.5% in February http://tinyurl.com/yhr5dm8
U.S. construction spending down 0.6% in January – Third consecutive month of decline http://tinyurl.com/yj7ulwf
Country debt may no longer be guarantee for investors: Pimco’s Gross http://tinyurl.com/yllfbxo
IMF again urges China to move on currency http://tinyurl.com/yl6yhql
In the game ‘Paper, scissors, stone’, paper can beat stone. Nice to see this detail reflected in the graphic on the one hundred trillion dollar note – not much else of value in the note.
Nice typography too. Very Science fiction.
US senator single-handedly freezes unemployment payment 2 March 2010 (BBC News) http://tinyurl.com/yj53w4t
Senate Democrats Propose Plan to Reinstate Jobless Benefits http://tinyurl.com/ygpfyt6
Jobless benefits start ending Today 26 February 2010 (CNNMoney) http://tinyurl.com/ya8lawr
Bunning Repeatedly Blocks Unemployment Benefits Extension, Tells Dem ‘Tough Shit’ http://tinyurl.com/ycene94
@Vega man,..pah!,.I can do that with one hand tied behind my back,..: )
Power Elite Losing America?
http://www.thedailybell.com/861/Power-Elite-Losing-America.html
Central Banks Can’t Stop Global Unraveling
http://www.thedailybell.com/860/Central-Banks-Can-not-Stop-Global-Unraveling.html
http://www.xe.com/ucc/convert.cgi?Amount=1&From=XAU&To=ZWD&image.x=31&image.y=11
The price of gold in Zimbabwe dollars
I dont know how accurate this is.
Vega Man
Harvard’s Rogoff Gives Legs to China Crash Talk http://tinyurl.com/ygeq893
China’s manufacturing growth slows in February http://tinyurl.com/ycjaugl
Karlsruhe kippt Vorratsdatenspeicherung [Update]
http://www.heise.de/newsticker/meldung/Karlsruhe-kippt-Vorratsdatenspeicherung-Update-943695.html
…The mass storage from telephone and internet data to the prosecution is inadmissible. The Federal Constitutional Court in Karlsruhe decided on Tuesday that externally stored data storage offends against the Constitution. It is incompatible the judgement according to with the telecommunications secret….
…Le stockage de masse des données d’Internet et téléphoniques à la poursuite pénale est inadmissible. Le tribunal constitutionnel fédéral à Karlsruhe a décidé le mardi que le stockage des données de stock enfreint la constitution. Elle est incompatible le jugement selon avec le secret de télécommunications…..
Basically, It’s Over http://tinyurl.com/y8ocob5
Scan your German Govt. representative ( equiv. Congressman )
http://www.spiegel.de/politik/deutschland/0,1518,680938,00.html
http://www.spiegel.de/flash/flash-22868.html
Well, at least someone has the same gut feeling on AJ http://www.youtube.com/watch?v=CCYM9JmZ-zg
Dedo , do you have any video’s ? If you do it would be fun to watch. Post a link . I like music! You would like my old 1958 Gibson es 225td.
Vega Man
@Mother,….yeah,..I’m the same,..always trust my instincts! : )
@Mother Earth
Donnow which dis-info you’ve been listening to but Alex is a 100% truthful.
A lot of people mistaken the News he brings as something from his own head while in reality it’s all taken from the corners of MSM and government documents.
That people fail to recognize that has more to do with their own disbelieves and a phenomena that is known as “Kill the Messenger”
Alex has waken up many people to the true nature of the NWO behind the government(s) and I highly salute him for that.
The MSM is dead and that makes it more difficult to gate out the truth.
gold has also made new all time highs against the british pound
@Youri
Nobody owns the truth. I don’t trust he is on the level, that’s all.
When in doubt, look at a hard currency’s value against classical flight currencies…
http://finance.yahoo.com/q/bc?s=CHFGBP=X&t=5y&l=off&z=m&q=l&c=
0.6168 GBP
5 year trend is tending to parity…
http://finance.yahoo.com/q/bc?s=CADGBP=X&t=5y&l=off&z=m&q=l&c=
0.6447 GBP
5 year trend tends to parity more so than the CHF…
http://in.finance.yahoo.com/q/bc?s=AUDGBP=X&t=5y&l=off&z=m&q=l&c=
0.6021 GBP
Same as CAD effect, but smoothed….
http://in.finance.yahoo.com/q/bc?s=SGDGBP=X&t=5y&l=off&z=m&q=l&c=
0.4764 GBP
This Asian flight currency behaves like the AUD, but a blip like the CHF.
http://in.finance.yahoo.com/q/bc?s=NZDGBP=X&t=5y&l=off&z=m&q=l&c=
0.4652 GBP
Very bumpy, but still tending to parity using 3m averaging…
‘And this also’, said Marlow, ‘has been one of the dark places of the earth’..
Morning Stacy
£ seems stable right now, but there is only one way to go. I suspect a series of mini-crashes…….then one big one!
Mike
a couple of the recent comments have really brought home to me how very real the threat of a third world war is at the moment, Afghanistan today, possibly Iran next… and who knows where else… so if you are getting concerned about the prospect of all this up and coming Boom and Bang maxkeiser.com regulars Let Me Tell You…PLEASE, Do Not Worry!… I want you all to know when the hollow-crust starts a cookin’ we ALL here will all be safe, well safer than most… why??? well ‘LET ME TELL YOU’ a couple of days ago an amazing meeting of minds took place here (online) and a coordinated plan for us all was hatched… so just in case WW III does break out this year… I can now reveal these plans mostly drawn up by **** ***** (uhm, name deleted to protect the incredibly innocent)
STEP 1. continue to check google daily for any vaguely interesting or useful links to post on maxkeiser.com.
STEP 2. try and spend at least 5 hours a day on AJ’s INFOWAR.com … I know it may may seem obvious to get info in the event of a war, as there is a big clue in the title.. but still, I’m trying to think bout some of dem younger posters.
STEP 3.Stock up on toilet paper, beer peanut butter and pringles WWIII could go on a lot longer than you may expect.
STEP 4. (ABOVE TOP SECRET FOR INNER CIRCLE MAXKEISER.CON MEMBERS ONLY.) meet up at my place, due to the fact I still live in my PARENTS house, there is not that much room in my homemade shelter, so there will be only enough room for Max and Stacy and that special someone who is prepared to wear a tinfoil hat while helping me to lose my virginity.
STEP 5.Keep using the internet as much as possible to get our message out, Let’s help the kids with lots and lots of links and youtube clips and maybe some songs, for example I just wrote one called ‘we don’t want a war and we just aint gohnna take it no more’… see how their little asses deal with that… yeah so remember on this little stretch of the info- mation-super-straata, we will continue to LIVE FREE.
OBVIOUSLY I ASK NOT SHARE THIS INFORMATION WITH ANYONE OTHER THAN REGULARS OF MAXKEISER.COM TNX.
Zim has had nothing but financial attack after attack ever since it tried to set up its own central bank and refused to borrow any money from the Intl’s.
Hey a saw a Documentry on ta legal MSM
Tey use tees currencys as an envalope to Exchange Gold which is folded in em tats all
Ta currency is worthless
One Lady goes to the river every day searchin fer Gold to buy food and stuff She toils whole day I tink it was 8 hrs Sometimes she gets lucky sometimes not so lucky
Hard life
How is it possible that companies like Google and Facebook get patents for technology that obviously many more people tried to patent before. As if nobody else tries to issue patents? Why is it that the companies that can afford the litigation and exploitation of an idea get its monopoly? It stinks al the way to high heaven..
http://mashable.com/2010/03/01/google-location-advertising-patent/
Oil $100 dollars + Gold $1250 = War
but I tink tat was Mosambique Currency
Dunno How Zimbabwe went so horribly wrong they had An International Cricket team Not tat good but they had thier spectacular wins every now and ten
But no sign of em in ta last 4 years I guess
I tink the IMF had sometin to do wit Zimbabwe’s current Plight
What cock and Bull Story I was taught about ta IMF WTO WHO & UN
In my 8th Grade if I remember
Bunch of Control lunatic Phycopaths
Hic
this is really good
http://www.youtube.com/watch?v=usiu_EefUow
I met Peter Lavelle in Moscow last month. He’s a great guy.
@maxkeiserYessssss!!!! Gold Always believe in …. Gold, Your indestructible, GOLD!!! http://www.youtube.com/watch?v=ntG50eXbBtc
The Pound gets pounded.
How much is this worth anyway in USD ???
I could’nt find a converter tat would accept so many Zeros
ROFL
Hic
@Max …. CrossTalk: Soviet Amerika
Very good people … and am VERY pleased the Paris guy mentioned Orwell’s “Animal Farm” …. which I have often mentioned here !
Goldman beats its record for $100m-plus days http://tinyurl.com/y8ljp9a
@maxkeiser
CrossTalk: Soviet Amerika – Worthwhile listening indeedy.
Want to listen more from Trapley visit Tarpley.net
http://tarpley.net/world-crisis-radio/
so who is going to start selling 10 trillion dollar notes on ebay? i know id buy 1
“The Fed needs the dollar to go down by half over the next 14 years.”
http://www.youtube.com/user/silverfuturist#p/a/f/2/UGJNPekOOIY
ROFL
One of me friends got caught by a cop
He had an indonesian 500 denomination in his wallet
I tink it was werth some 3 USD @ tat time
Poor cop Saw a forign Currency took ta bribe When ta actual fine was 50 USD
He probably went to get it exchanged ta next day with his wife in toe
It woulda probably Just covered ta Fuel Expense up and back from ta currency Exchanger
I bet his Wife woulda thrown a couple of slippers after tat
We had such a good Laugh ta next day
ROFL
Hic
@ The Man from Glad
Lindsey says its happening in ta next 12 months
Dollar is gonna loose B/w 20 % and 50 %
Hic
Also A very curious Ting
saw it when I was watchin ta Power of the ring something
Why is it tat some Heads of state are called “Presidents”
& some are called “Prime ministers”
Tat Document Suggests tat USA is a Corporation and not a country
and tat Obama is ta President of tat Corporation
Hic
mikeliverpool
pound is not stable against gold
TOB has been happening all along against the only currency we talk about here that has any merit; gold.
it’s here, it’s been happening… it’s now. it’s the TOB
Mother Earth
re: patents. to get my virtual spec. patent; we had to send lawyers to the patent office and sit down with the examiner and basically strong arm them into giving us the patent.
@Bonn, 14 mos. could be more like it. Imperial overstretch tends to fall back in on itself abruptly.
Max
Bought Gold & silver long ago, also Euro’s & “Schiff’s”
Mike
MSM gets whacked too.
http://news.bbc.co.uk/2/hi/entertainment/8544150.stm
@Bonn, If you’re talking about Lindsey Williams, he maintains The PTB have scheduled a devaluation of the dollar by about one half to a third this year. Not sure how they would benefit from that, but Williams seems to have a good source.
@Max
But that at least is an invention of sorts..The unraveling of the current system will likely include widespread anger against the legal professionals that have been the henchmen for corporate america..
i listened the jack blood clip
too local for me to follow re: texas politics and all
AJ follows national and international news
in a world class way that nobody else in the US is doing except for Amy Goodman at democracynow.org
Bailout Mutiny Looms With Iceland’s Taxpayer Vote
http://www.bloomberg.com/apps/news?pid=20601039&sid=amtqRO5zQX2g
Hedge Funds Plan Euro Shorts at Secret Dinner Vid http://www.youtube.com/watch?v=8CV-SM8i9B0
@Bonn, But William’s source also told him TPTB plan to put McCain in as president. Even if his source is an inside one, things change.
AJ may pick up interesting and relevant people and opinions, but he offers no solution and might as well be sounding out dissidents for all I know. If he really cared so much he’d be more constructive and cohesive..I listened to him as he knitted random and less random events into a global conspiracy with Webster Tarply..It serves no purpose imho.
@Bonn, If you’re talking about Lindsey Williams, he maintains The PTB have scheduled a devaluation of the dollar by about one half to a third this year. Not sure how they would benefit from that, but Williams seems to have a good source.
@ManfromGlad:
I would assume the ‘source’ is aware that the sdr is being reweighted in December, 2010. The reweight most likely will precipitate the dollar devaluation. I have been unable to find any speculation on the affect to the international system from the retooling of the sdr. One would think it would be a topic of the most pertinent interest. Here’s what recent reweights looked like:
http://fx.sauder.ubc.ca/SDR.html
The yuan is supposed to be included in the basket (I assume in December):
“A former IMF chief, Michel Camdessus, said time was of the essence to embark on reform of the global monetary system.
“This favourable window of opportunity is there. It will not stay open forever,” he told the forum at which Strauss-Kahn spoke.
Camdessus gave broad backing to a recent proposal by Chinese central bank governor Zhou Xiaochuan that an expanded SDR could eventually replace the dollar as the global reserve currency.
“Our Chinese friends mean business,” he said of Zhou’s plan.
As a corollary of a strengthened role for the SDR, governance changes were needed at the Fund to shift power to big emerging economies, Camdessus said.
To that end, the SDR basket must be modified to include the yuan and perhaps the Indian rupee and Brazilian real as well.
“The RMB must be there. Period,” Camdessus said.”
http://www.reuters.com/article/idUSPEK20416820091117
http://timesofindia.indiatimes.com/biz/international-business/Yuan-may-enter-IMF-kitty-to-evaluate-SDR/articleshow/5241400.cms
@Mother Earth
“.It serves no purpose” Exposing the lies and deception!?
What you call conspiracies will always stay conspiracies in your your mind cause you’re to lazy to investigate them. Your pathetic believe system will always hold you from the truth. So you rather stay in your cave and read the Dutch MSM BS who have not the slightest clue of what is going on.
Webster Tarpely was one of the first to come out with solutions and even in the clip posted here before “CrossTalk: Soviet Amerika ” he was praised by the commentator that he always try to end positively with solutions.
But for now a lot of people have to be educated what is really going on before they accept the solutions. Alex Jones wakes up people every day now especially now thing are deteriorating and are willing to investigate and leaving the MSM like Fox.
BTW Tarpley was the first to expose Obama for what he is already during his elections. He was one 100% right.
Webster Tarpley has an amazing insight into the Geo – politics practiced by the Americans and Brezinski who molded a great part of that.
@Youri
AJ could do much better. I don’t believe he’s on the level, sorry.
If no revelations came out about involvement of the CIA and the real plans it would be harder to find common ground about it as we do on this blog, but it would still be pretty obvious to anyone with a will to wonder what makes the world tick.
There is no need for guru’s or truth sayers if you stop listening to them and find your own truth. No need for a tracker if you learn to spot the tracks..
@Mother,…well said,..it’s a shame, but there will always be sheep willing to be led by the shepherd,.Baaahhh
http://www.youtube.com/watch?v=Bv9dX1WFzS4
@Bonn. here’s life in the west. stay in india mate. http://www.youtube.com/watch?v=d_oPKBaqp9g
@ ronron
I have no intentions of leaving Bangalore itself ferget India fer @ least another 20 years I have a precious Karnataka Golf assosiation membership 122 acre Golf course in the heart of ta city which is 600 yards from me house ta waiting period is 10 years now to get a membership
Monthly fee is 10 $ USD Hic
With a Gym and a driving range plus a swimming pool
Unless I get lucky like Soros I’am straying Put here
Plus I told ya they upto someting really big I am hugging tera ferma fer ta next 4 years. I am also avoiding all obvious soft targets
Cause Bangalore is also on tose lunatics hit list
Its highly unlikely a derranged bugger will pull an AK -47 in a Driving range on a couple of Golfers
ROFL
Hic
@ ronron
Tanks fer tat . tat stupid serial comes here as well
Never watched it
But I like tis version
ROFL
Here is my version of “Bold and Beautifull” in one sentence
“Take 14 peeps make them sleep with Everyone one at a time”
End of Story
lolololololol
Hic
Wow NWO
OWN backwards
Stacy ya gotta see tis
Ring of Power – World Superstate pt.16/32
http://www.youtube.com/watch?v=Do5Hj8LDdaY&feature=related
Hic
@The Man from Glad
Lindsey Williams said that McCain was the TPTB, “man”. Not that he would be president. MCCain is their man one of the lower tier group shills. Obama probably knew nothing about his ride from nowhere to the presidnecy, and just rode the wave. There is more to this than meets the eye.
@ Bonn
Golf courses have now become the favorite haunt for would be muggers in South Africa as the muggers know that well loaded clients are available , particularly when they are in the rough—careful out there mate lol
@Supergeek
I hope you aren’t talking about wearing Tin-Foil JIMMY-hats…
that could be painful for your Armageddon Virgin…
yeah go gold
Why is it tat some Heads of state are called “Presidents”
& some are called “Prime ministers”
Tat Document Suggests tat USA is a Corporation and not a country
and tat Obama is ta President of tat Corporation
@Bonn
a ‘president’ is the numero uno, the top dog. He can hire and fire who works for him at will.
a ‘prime minister’ is ‘primus inter pares’ which means ‘first among EQUALS’
He can’t fire ministers, he is EQUAL to them. In our case (Holland) only the queen (our head of state) can fire ministers and/or prime ministers.
re: AJ, how is knowing what is going on not a solution?
Naomi: re: AJ, how is knowing what is going on not a solution?
Collusion?
Read this article if you want to know what happened.
IMF contributes to Zimbabwe’s hyperinflation
By Thomas J. Hornes
http://www.newzimbabwe.com/pages/opinion119.13850.html
It was not funny at all. More like financial genocide. Millions had to flee the country and the middle class wage earners were totally wiped out.
Zimbabwe has bucket loads of gold, by the way, that is undeclared plus a bunch of soon to be near worthless diamonds. see- Edward Jay Epstein, The Diamond Invention and understand what Mugabe was threatening here, http://www.telegraph.co.uk/news/newsvideo/7258188/Robert-Mugabe-responds-to-more-sanctions-imposed-on-Zimbabwe.html, when he threatened to find a way around the Kimberly process, something that could be quite a blow to the economy of one of the US’s key allies in the middle east. For more on the this watch The Diamond Empire http://www.mediaed.org/cgi-bin/commerce.cgi?preadd=action&key=136&template=PDGCommTemplates/HTN/Item_Preview.html and then ask your self how much house prices are also the the product of a very clever marketing strategy by a financial oligarchy, they never count the main residency of the supper rich as an asset on the asset side the balance sheet of the super rich for a reason. Its worth noting as well that one Martin Sorrell was the owner of the company that ran Mugabe’s election campaign. That’s the same guy who brought the crying Kuwaiti girl who said Saddam’s forces had taken babies out of their incubators and left them to die, in the run up the to first gulf war. It later turned out that she was the Kuwaiti ambassador’s daughter trained in acting by the public relations firm, owned by Sorrell, Hill & Knowlton. So for all I know it’s not been the Chinese propping up Mugabe’s government but De Beers.
Southern Africa was the center of the British financial empire when the world was on a sterling based gold standard and several of the worlds richest men/cartel members/oligarchs were based there. Since 1971 we’ve been on a de facto oil standard, the US gives you a dollar and you can go redeem it over there in the Middle East or Central Asia. Look at all those military bases over there. Fort Knox 2.0? Its not easy to see how fiat currencies without vital commodities cartels could last as long as they have, in that sense there’s no such thing as pure non-backed fiat currency or free markets. And now it seems the dollar-oil system is unsustainable. It looks like they can’t unwind it without a period of severe hardship for the populations in the west. In the long run, I agree with most of Jim Roger views on the direction of things, absent any game changing black swans.
“if the American people ever allow private banksters to control and issue their currency, the people and their children will one day wake up homeless on the continent their forefathers conquered” – Thomas Jefferson”….the power to issue and control the currency/money, must be given back to the people to which it rightly belongs” – Thomas Jefferson….”private central banksters controlling the peoples money are more dangerous than standing armies” – Thomas Jefferson….its time to END THE FED and big government for good people..Ron Paul’s bill HR 1207 to audit the fed,will do nothing,as the federal reserve lawyers will cook the books and make everything look just dandy..a waste of time..in fact, I would bet the fed lawyers are fudging the books right now ..the fed must be ABOLISHED,and it can be done w/o nary a bill to get rid of it..with this new state banking money system,the fed will die on its own accord..state run banks with “honest” money ARE the solution..a new interest free paper currency issued in each of the 50 states possibly backed by silver,[NO GOLD]..we had our money backed by gold in 1929 and the 1930’s..did it stop the great depression? NO!..although gold would still retain a value 16 times greater than silver per the constitution,with each state making their own $1,$5,$10,$20,$50,and $100 paper notes backed by silver[ex: $20 Texas silver note..under that "payable to the bearer on demand $20 in silver [when presented at any state bank,you would receive either $20 worth of 90% silver coin, 20-.999 silver dollars,4 - 5 oz. .999 silver bars,or 2 -10 oz, .999 silver bars],and all 50 state paper notes would be accepted in every state and abroad..having 50 different notes for the 50 sovereign states would make it extremely difficult for the banksters to take back control of the U.S. money system again.. a dollar would be 31.1 grams of silver[ONE OUNCE] as per the constitution..change for the new paper notes would be pre-1965 90% silver again[only 90% silver with 10% copper is hard enough to take the day to day pounding/ movement/exchanging and hold up],and 100% copper again for pennies..a state run honest money/banking system with interest free loans run by the people.. for the people.. there would be only a small administrative fee/ cost, to borrow money to pay state bank employees and mgrs. etc.
EX: you[or a small business starting up lets say ]were to borrow $205,000 for a $200,000 house/loan,you would pay back $205,000 over the next 5,10,or 15 years[ditto credit cards],instead of the present parasitic fractional reserve banking system where you would buy a $200,000 house[or a $200,000 loan] and you would pay the private parasitic fractional reserve banksters nearly $1,000,000 over 30 or 40 or even 50 years for money made from NOTHING!!..thin air..infinite free money..THIS IS ABSOLUTE,UNADULTERATED INSANITY..
paying the banksters for money made from nothing..it just blows you away when you think about it..its hard to wrap your mind around.. just like 9-11
the private non-federal reserve is simply the greatest scam,fraud, and deception in the history of the world..bar none
IS IT ANY WONDER MANY OF US ARE DEAD BROKE AND BURIED SO DEEP IN COMPOUNDING DEBT WE WILL NEVER GET OUT IN A LIFETIME??
and living paycheck to paycheck?
this isn’t living..this is [debt] slavery and many don’t even realize they are lifetime debt slaves of the banksters!
it just doesn’t have to be this way!
state controlled banks with “honest” money, will bring back manufacturing and real jobs!
a nation that is prosperous MUST produce goods folks!
3rd world countries don’t produce goods!
the U.S.A.. IS in fact a 3rd world country now!
a petition page will soon be up at WEB OF DEBT.COM
where you can sign it and DEMAND your state
implement state run banks! [unless you live in N.Dakota that already has state banks]
..BANKS AND “OUR” MONEY CONTROLLED BY WE THE PEOPLE..
talk about PROSPARITY RETURNING TO AMERICA..
imagine paying $500-$1,000 for a new car again..
of course a new state bank silver dollar will have the purchasing power of a 1913 dollar..but we can start all over again as a nation,
and bring ALL the troops home from abroad and have them protect OUR BORDERS! with 50 new sovereign state banks this country can be turned around in days
not months or years, but DAYS!
@DepressionAlert, In Williams’ The Next Twelve Months video, which came out sometime in late ’08, Lindsey says his informant told him TPTB were behind McCain, so he would win. LIndsey’s source has been right so much of the time elsewise, I am inclined to think Obama struck a deal at the last minute.
@frances snoot, I was in a rush and overlooked the obvious opportunity a failing dollar presents for those with more diversified holdings. You can buy stuff in the US on the cheap. In the Great Depression, farmers lost their farms to the banks. Now Americans lose their homes to the banks. States will make freeways tollways, etc. The buyers are smart enough to have wealth in non-dollar denominated assets. They may include the SDR soon enough, if enough countries are happy with the reweighting. No one country will probably get what it wants, but a workable compromise may be possible.
The 10 or so countries with large foreign currency reserves could try to substitute gold, silver and platinum for the USD, but previous metals would have to skyrocket in value to handle the current volume of international trade. An international reserve makes having uneven balances with your trading partners relatively easy. And only once in a blue moon will one country’s trade balance with another match up.
For the time being, the USD is “the leper with the most fingers,” in Max’ words. It’s the best option for an international reserve. But its overall rate of depreciation, and the chance exorbitant privilege affords the US to fund overseas wars, are making it less attractive to many. Maybe the growing resentment will result in a reprieve for Iran. No invasion till after the SDR is reweighted. And who knows what else could happen in the meantime?
Lindsey Williams informant is in the petroleum industry, not finance or gov’t., though the boundaries between the three have been blurred for decades. There have been a couple of passing references from his source which turned out to not come to pass, but overall, his leaks have proven extraordinarily on the mark, accurately predicting wild swings in the price of oil, for instance. After a couple of those such predictions came true, people started paying more attention to him.
@DepressionAlert, at minute 45 on my copy of The Next Twelve Months, Williams quotes his source as saying, “John McCain is our man. He will be the next President of the United States of Amerca.” But this came with the qualification that he would be IF “they” succeeded provoking a situation in Iran in time. Williams’ source says the US petroleum industry wants to take Iran out because it has made a fortune selling oil for currencies other than the USD. In any event, it’s comforting to know things don’t always go according to plan for the US petroleum industry. And I gave up hope on Obama after he worked to pass the banker bailout.
@frances snoot, You might enjoy Williams The Next Twelve Months. It concludes with his speculation about how the Fed will use the collapse of the USD as a pretext to roll out a new currency. He presents the scenario of the USD and price of oil both falling enough that OPEC countries can and/or will no long buy US T-Bills. The US economy collapses in short order, and people in the US are willing to accept a new currency. Williams doesn’t say what currency, though.
The Fed will not ‘roll out a new currency’ because the Fed does not act unilaterally within the international G20 financial system. The Fed may roll over and beg: but will be docile.
The impact of the new reserve system will be softened for those within the G20 operational system. The Fed is seeing to their own best interests in the transition by cooperation.
The title of the currency relies upon the proprietor of the dollar: that proprietor is NOT the Federal Reserve.
Maybe we’ll get Mickey Mouse Bucks backed by ducks.
Oil money is operating through sovereign wealth funds:
http://www.swfinstitute.org/
Sovereign wealth funds have access to sdr:
http://www.globalpensions.com/global-pensions/news/1529700/swf-invest-sdr-denominated-equities-bonds
http://www.opalesque.com/fullarticle/54302/State_Street_Report_suggests_Sovereign_Wealth_Funds302.html
@frances snoot, If Federal Reserve notes were still Silver Certificate notes, then they wouldn’t be Federal Reserve notes. Williams seems to be talking about a new currency being introduced for domestic use as a result of massive devaluation, like Brazil’s transition from the cruzeiro to the cruzado.
http://www.economicexpert.com/a/Cruzeiro:monetary:unit.html
Financiers with more diversified holdings would be able to capitalize on such a devaluation by plucking up whatever real assets remain to be bought up in the US.
Yes, Introduced by whom?
@FS, Any make or model of the Federal Reserve note would be introduced into circulation by the Federal Reserve, though it delegates the actual printing to the Treasury Dept. One of JFK’s last initiatives, launched 5 mos. before his death, was to authorizing the Treasury to issue new Silver Certificate notes independently of the Fed. You still sometimes find Silver Certificate notes in circulation, though the gov’t. no longer honors its initial guarantee to redeem them for a fixed amount of silver. When he took office, LBJ had the then newly printed and warehoused Silver Certificate notes destroyed before they could be released into circulation.
@FS, Executive Order 11110. The last attempt in the US to issue currency independently of the Fed.
@FS, Correction. The last attempt to issue US legal tender independently of the Fed.
@FS, Any make or model of the Federal Reserve note would be introduced into circulation by the Federal Reserve, though it delegates the actual printing to the Treasury Dept.
Is that what Williams was indicating? It would seem a seamless entry into the new sdr/reserve system. All the stories being spun do not include the obvious reality of a move to the new reserve system. The stories are spun to deflect the interest in the real cause for the dollars depreciation.
On the one hand we get the stories from those in power (G20) regarding an imminent change to a new reserve system with sdr at center. On the other hand we get the circus tent with the freak stories.
Why do we need the circus tent? The indication to me is that the new system will retain exorbitant privilege to those with access to sdr and to no one else. So people won’t like it very much. And the new system REQUIRES the type of capital control (crossborder) which we see as a “solution” to the financial ‘crisis’.
Lindsey Williams is not doing anyone any favors spinning stories about OPEC and treasuries and ignoring the basis for the dollar’s demise. OH, excuse me. He’s most likely doing HIMSELF a favor.
Or is he really just unaware of the sdr game?
Treasury=IMF
The Treasury was not designated as the authority to issue coin by the Constitution: JFK was not working for the people. Congress was the designee.
If the Treasury is issuing the currency it is not being done independently of the Federal Reserve. Look at the G20 structure:
http://www.g20.org/about_what_is_g20.aspx
Finance ministers (aka IMF board governors) and central bank heads (aka Bernanke) are working together to govern the world under the auspices of the Bretton Woods institutions and the ECB.
Geithner as our ‘finance minister’ is also the sitting governor for the US on the IMF board.
Here’s a document regarding future governance through the cooperative efforts of the G20 international coalition:
http://docs.google.com/viewer?a=v&q=cache:WbpdMLBr9rIJ:www.g20.org/Documents/g20_wg1_010409.pdf+G20+working+groups&hl=en&gl=us&pid=bl&srcid=ADGEESjuX-jzCiySq9nfuHfJnH6sc5qAwjrgMmC0ZM1TtYwHDzSaZJojgDWdz364r8kkWmQUsQblcDODBtPFYvd_nCutqzu_YK39trL99f1hrhJf0UOw2KLsDyMLdIjOJqjimDmqurNb&sig=AHIEtbT9MKuJTT-eEfhukpS9ngD5I_oP9A