The VALUE"LESS" almightly AMERICAN DOLLAR

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    Oct 10, 2008 3:39 AM GMT
    The simple truth is that our dollar is not backed or based on Gold, Silver, or other things of value, as it used to be. I believe it was back in Nixons first term that the dollar was taken off what I had been told was considered the "GOLD STANDARD" , I remember back in 1974 getting my first home loan from an old family owned local bank, and the banker telling me "WE NEED TO GET BACK ON GOLD" !!!!!! Well I was just 20 years old and I had no idea what exactly she was talking about !!! All I knew was I needed more money to pay for things for my new house. Back to the point !!! LOL !!!>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>The Federal Reserve Bank (a privately owned bank) in 1913 was authorized by law to issue credit (or loans) to our US government for its needs, (basicly a debtor/finance system) which in turn was paid back with interest by we the tax payers. This credit (loan) was then and is now "PAPER" !!!!! Pure and simply "PAPER", not backed by anything but the authorization congress passed giving the Federal Reserve Bank the authority to issue this credit, that (I'll say it again) in turn earns this privately owned Federal Reserve Bank MONEY with INTEREST.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> So the Government lets say needs money to pay for a new Federal Program to build a north to south highway system under a bill passed by congress. The Gov. awards a contract to Joe Blow contractor to put in this highway, part of the contract is for a certain amount of up front money before their earth moving equipment puts its blades into the ground. The Government rights a check based on their "Credit" (loan) for this program. Joe Blow contractor goes to the bank, and he's given a receipt for whatever the amount was of credit into his account to pass out as needed to start moving earth for this highway. WALLA !!!! that "PAPER" issued to the Gov. by the Federal Reserve Bank is now "MONEY" in the hands of the contractor, who pays for equipment, surveyors, architects, geological surveys, the workers operating the big equipment, down to the guy standing at the road holding the stop or go signs for directing traffic. This "MONEY" starts circulating in the public, becoming part of our economy. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> SO WHAT IS IT BASED ON????????? Basicly "CONFIDENCE" !!! Confidence that the contractor "Joe Blow" has, that the government will honor its contract by paying the amount of "MONEY" it said it would, and that that "MONEY" has the value it says on the face of the bills he is given at the bank. In turn everyone "Joe Blow" pays, has the same "CONFIDENCE" that they will be paid "MONEY". >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Simply put, on an international scale our "MONEY" ( THE ALMIGHTY DOLLAR ) is also based on confidence. Now we have a situation where our banks, and stock brokers were deregulated to the point of playing risky games with values to supposedly "BACK" their loans and investments on them. This risky lack of backing and gaming of those loans, and investments, stretched out on so many various sceems, and sold, repackaged, sold again, repackaged, then sold again, has put us in a situation where "CONFIDENCE" is shaken to a very very alarming degree. So suddenly when "CONFIDENCE" is lost, all markets worldwide who invested in one or several of these repackaged loans/investments are also shaken because the "PAPER" documenting their investment is now not worth what it says it is. THERE IS NOTHING TO PROVE THAT THE PAPER IN THEIR HANDS HAS ANY VALUE !!!!! >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>There is a report now that our Government may take over a large percentage of interest in several banks as part of recovering from this economic failure. I think that our Government should start by taking over the "PRIVATELY OWNED" FEDERAL RESERVE BANK !!!! (debtor system)purhaps that would be a start to restoring "CONFIDENCE" in our currency. (Its unknown who are, or from where are, the owners and investors in the FED Bank, but this system (BANK) has been ripping off the american tax payers since 1913.) That would be a nifty deal to be in on wouldn't it !!! just handing out paper to the Government, to in turn be payed back in money (the treasury prints) including the interest on it, then of course it is recirculated in other loans and investments or whatever, but I'm sure by now you get the point !!! ITS A DAMN GAME THAT THE AMERICAN PUBLIC COMES OUT THE LOSER IN !!!!! >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> there have been several articles on this FEDERAL RESERVE BANK in the last several days at the site "COMMON DREAMS" I cannot seem to get the specific pages typed on here so you can just click on it to go directly to it. I'll try again, if not succe
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    Oct 10, 2008 4:03 AM GMT
    OOOOOOPS !!! I ran out of space above !!! If I cannot get the site/page/reference number so it can be clicked on to go straight to it, I'll at least give the info. so you can find it easily. (I'm trying with this posting)>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> So SHOOT THIS DOWN !!!! if you think the explaination is way too simplistic, or PROVE IT WRONG !!!!!! ( I would rather it was wrong, but near as I can tell this FEDERAL RESERVE SYSTEM is a scam against the American Publics interests) WHAT DO YOU THINK?????? Is the FED. RESERVE BANK culpable in our current economic troubles??? or is this just another "CONSPIRACY THEORY" ????? WHAT DO YOU THINK??????
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    Oct 10, 2008 4:28 AM GMT
    funny pictures
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    Oct 10, 2008 9:10 PM GMT
    LOL !!!! Caslon !!! just tell kitty to think on only one aspect of our economy at a time, then it won't be too much "thinkings" ha !!!
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    Oct 11, 2008 3:16 AM GMT
    realifedad said The simple truth is that our dollar is not backed or based on Gold, Silver, or other things of value, as it used to be. I believe it was back in Nixons first term that the dollar was taken off what I had been told was considered the "GOLD STANDARD" , I remember back in 1974 getting my first home loan from an old family owned local bank, and the banker telling me "WE NEED TO GET BACK ON GOLD" !!!!!! Well I was just 20 years old and I had no idea what exactly she was talking about !!! All I knew was I needed more money to pay for things for my new house. Back to the point !!! LOL !!!>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>The Federal Reserve Bank (a privately owned bank) in 1913 was authorized by law to issue credit (or loans) to our US government for its needs, (basicly a debtor/finance system) which in turn was paid back with interest by we the tax payers. This credit (loan) was then and is now "PAPER" !!!!! Pure and simply "PAPER", not backed by anything but the authorization congress passed giving the Federal Reserve Bank the authority to issue this credit, that (I'll say it again) in turn earns this privately owned Federal Reserve Bank MONEY with INTEREST.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> So the Government lets say needs money to pay for a new Federal Program to build a north to south highway system under a bill passed by congress. The Gov. awards a contract to Joe Blow contractor to put in this highway, part of the contract is for a certain amount of up front money before their earth moving equipment puts its blades into the ground. The Government rights a check based on their "Credit" (loan) for this program. Joe Blow contractor goes to the bank, and he's given a receipt for whatever the amount was of credit into his account to pass out as needed to start moving earth for this highway. WALLA !!!! that "PAPER" issued to the Gov. by the Federal Reserve Bank is now "MONEY" in the hands of the contractor, who pays for equipment, surveyors, architects, geological surveys, the workers operating the big equipment, down to the guy standing at the road holding the stop or go signs for directing traffic. This "MONEY" starts circulating in the public, becoming part of our economy. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> SO WHAT IS IT BASED ON????????? Basicly "CONFIDENCE" !!! Confidence that the contractor "Joe Blow" has, that the government will honor its contract by paying the amount of "MONEY" it said it would, and that that "MONEY" has the value it says on the face of the bills he is given at the bank. In turn everyone "Joe Blow" pays, has the same "CONFIDENCE" that they will be paid "MONEY". >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Simply put, on an international scale our "MONEY" ( THE ALMIGHTY DOLLAR ) is also based on confidence. Now we have a situation where our banks, and stock brokers were deregulated to the point of playing risky games with values to supposedly "BACK" their loans and investments on them. This risky lack of backing and gaming of those loans, and investments, stretched out on so many various sceems, and sold, repackaged, sold again, repackaged, then sold again, has put us in a situation where "CONFIDENCE" is shaken to a very very alarming degree. So suddenly when "CONFIDENCE" is lost, all markets worldwide who invested in one or several of these repackaged loans/investments are also shaken because the "PAPER" documenting their investment is now not worth what it says it is. THERE IS NOTHING TO PROVE THAT THE PAPER IN THEIR HANDS HAS ANY VALUE !!!!! >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>There is a report now that our Government may take over a large percentage of interest in several banks as part of recovering from this economic failure. I think that our Government should start by taking over the "PRIVATELY OWNED" FEDERAL RESERVE BANK !!!! (debtor system)purhaps that would be a start to restoring "CONFIDENCE" in our currency. (Its unknown who are, or from where are, the owners and investors in the FED Bank, but this system (BANK) has been ripping off the american tax payers since 1913.) That would be a nifty deal to be in on wouldn't it !!! just handing out paper to the Government, to in turn be payed back in money (the treasury prints) including the interest on it, then of course it is recirculated in other loans and investments or whatever, but I'm sure by now you get the point !!! ITS A DAMN GAME THAT THE AMERICAN PUBLIC COMES OUT THE LOSER IN !!!!! >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> there have been several articles on this FEDERAL RESERVE BANK in the last several days at the site "COMMON DREAMS" I cannot seem to get the specific pages typed on here so you can just click on it to go directly to it. I'll try again, if not succe


    Love it and your right!! I read things like this everyday...are you with any other blogs..IE: gold blogs or forums?
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    Oct 11, 2008 3:20 AM GMT
    realifedad said OOOOOOPS !!! I ran out of space above !!! If I cannot get the site/page/reference number so it can be clicked on to go straight to it, I'll at least give the info. so you can find it easily. (I'm trying with this posting)>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> So SHOOT THIS DOWN !!!! if you think the explaination is way too simplistic, or PROVE IT WRONG !!!!!! ( I would rather it was wrong, but near as I can tell this FEDERAL RESERVE SYSTEM is a scam against the American Publics interests) WHAT DO YOU THINK?????? Is the FED. RESERVE BANK culpable in our current economic troubles??? or is this just another "CONSPIRACY THEORY" ????? WHAT DO YOU THINK??????


    OH IT'S A TOTAL SCAM set forth by the Rockerfellers and Rothschilds way back when and they...are still the big winners and worth TRILLIONS!!!
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    Oct 11, 2008 8:27 AM GMT
    I think you're simplifying our economy. The annual volume of gold produced world wide is, in relative terms, rather small. It would fill only a couple of average-sized rooms (plus weigh a hell of a lot and be worth all the money you'd ever need). This simple fact of physics restrains the amount of money that would be available if we had a gold standard. In essence, we would be mining money instead of printing it and there would not be enough to support our world economy.
    2007 saw 80 million ounces of gold produced. If we allocate all of this to just the US population at around 305 million, (a very long stretch), that's about a quarter once of gold for everyone. At it's current value, this doesn't even come close to supplying our monetary needs.
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    Oct 11, 2008 11:33 AM GMT
    I agree with Justjohn, it's impractical to use gold, and in any case I'm not entirely convinced that it would make any difference. I mean gold has a value, but that value also fluctuates and you can only buy things with gold if the other person has confidence that the gold has value, so you are back in the same logic loop. Money, gold, shells it makes no odds, the principles are the same. People have elaborate schemes for all sorts of commodities, not just money and sometimes those schemes come crashing down around their ears.

    I don't know if the Rothschilds are owners of the Federal Reserve Bank, but I do know that they were not a large part of the current fiasco - they are are a very conservative bank who as a family company are very much interested to make sure that they are still there for the next five hundred years. They don't speculate much, they make their money by betting on safe bets.

    Is the FRB a scam? I don't know, that sort of thinking makes my brain hurt!