United States : Monopoly Money Factory

Originally posted by Dulcimer

1- becaue i would be banned for spam

Then why not make it "WORLD ECONOMY" instead of America like I pointed out. Or use UK, France, Germany, etc etc. Why have you singled out America?

2-the united states is a good example.

No - it is actually a VERY bad example. You can't compare any country to the US. The US makes up about 20% of the worlds total economy. All oil is traded in US dollars. The largest stock markets are all traded in dollars.

In fact, it is THE very WORST example you could have made. If you want to make "a good example" you need to pick a country that has an average size economy for the western world, and one that has no extreme resources. Only then would it be a good example. You simply can't compare any country to the US because our economy is many times the size of anyone elses.

i heard that we can man made gold? is this ture?

Originally posted by Dulcimer
I think this information is accurate about the fort knox bullion.

Amount of present gold holdings is 147.3 million ounces (1 troy ounce equals about 1.1 avoirdupois ounces). The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years. The highest gold holdings was 649.6 million ounces, on December 31, 1941.
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Where did you get this information from Dulcimer?

I was under the impression that Ft Knox has not had an audit for about 14-15 years now.

Anyway it's all a Fraud!!!!!!

Economics 101. The United States has the most robust ecomomy in the world. Yes, it is in debt and will probably be so indefinately, but as long as the economy grows, it doesn't matter. The problem is, the debt is begining to catch up with the GDP. The dollar keeps its value with the faith that the debt can be paid back at some time in the future or the economy will always be robust, however, the debt should be a grave grave concern.

Economics 1999. The United States has stagnant wage growth. The public relies on the extraction of equity from residential real estate and financial assets in order to supplement its income. This process became more pronounced in the last two recession cycles when the Federal Reserve engineered low interest rates to incentivize the public to refinance their mortgages and pull out equity built up in the homes. As for financial assets, the trend toward stock options as compensation became the predominant form of pay for executives with the 1993 passage of the law restricting the corporate tax deduction for executive salaries above $ 1 million. As a result of the reliance on these two wealth distribution vehicles, the US economy requires the continual inflation of these two groups of assets. In essence, we borrow against assets on our balance sheet, thereby creating more debt, and then use that cash to spend, which shows up as income on the gross national product.





[edit on 13-4-2005 by lchoro]

[edit on 13-4-2005 by lchoro]

How can the United States justify the amount of money it prints on a daily basis. Perhaps the gold standard is not used anymore, but shouldnt the amount of money you print be backed up with actual "worth"?

The Bureau of the Mint redesigned the U.S. currency in 2002, incorporating new colors and watermarks. I would guess that the large amount of printing is for the substitution of the old bills. For a quick check, two-thirds of the bills in my wallet show the new style.

[edit on 13-4-2005 by lchoro]

Whatever the actual American economy is going through, it's a result of the fact that the very existence of the Federal Reserve is Unconstitutional; The Constitution requires that the responsibility of minting money & the determination of its value resides in the hands of Congress. Yet, the Federal Reserve is nothing more than a privatley-owned corporation of banks (Most of which are foreign banks, BTW). With the signing of the Federal Reserve Act, our government sold out our nation to foreign interests. We no longer have the right to determine our own economy (through Congress), sacrificed our economical future & the right to own property.

The Founding Fathers saw the dangers that banks pose to a nation & structured the Constitution to stave off that danger; The quote from Thomas Jefferson (above) shows this. Even Abraham Lincoln saw those dangers actually happening & tried to warn us..."I have the Confederate Army in front of me & I have the banks behind me. Of the two, the banks are more dangerous.

I've said it before & I'll say it again: SUPPORT NESARA!

[edit on 13-4-2005 by MidnightDStroyer]

Quote: "Whatever the actual American Economy is going through, it's a result of the fact that the very Existence of the Federal Reserve is Unconstitutional".

*FANTASTIC*! Another person that is AWAKE & Thinking Critically! The "FED" claims to be working to Control "Inflation". Guess what actually Causes Inflation: When you Print a $100 Bill - of which you have a *TOTAL CONTROL MONOPOLY* over the Printing Process - which Costs you 10 CENTS to Print (of-course this "Private" information is *NEVER disclosed to the Public* - that would Ruin the Illusion)!

It is then released into the Public Markets (at Interest) were People then use it at Face Value i.e. a $100 Bill Really Equals a Hundred Dollars! Now THAT is what creates INFLATION!!!

[edit on 13-4-2005 by Seraphim_Serpente]

[edit on 13-4-2005 by Seraphim_Serpente]

I was under the impression that Ft Knox has not had an audit for about 14-15 years now.

The US stores her gold bullion in differing repositories located throughout the nation; as to what inventories are held in/at Fort Knox in the form of gold bullion at any given point in time has been the subject of great debate for many many years. (which perhaps is more fitting subject in conspiracy forums than the printing/reprinting of fiat currencies)

March 31, 2005, US Treasury-owned gold report

The 'book value' of gold holdings in repository is statutorily figured at US$42.22 per troy oz.

Some basic information on Fort Knox Bullion repository with some references: -here-

It is REALLY Government BONDS (or Treasury-Bills) that backs up Cash!

Originally posted by ulshadow
i heard that we can man made gold? is this ture?

Yes it's true, however it's not cost effective to do so. The energy required to do it is more costly than the amount of gold produced. It has been done though, but just for the sake of scientific research and it wasn't much that was made. You can google up the details.

Look for "Berkeley Laboratory" related news about "Lead into Gold" and stuff like that and you should find it.

I've said it before & I'll say it again: SUPPORT NESARA!

MidniteD layed it out for all to see and noone responded to it....amazing.

How about the liberty dollar. and guess what, its actually backed by silver and gold on hand.

posted by American Mad Man
Funny enough, you fail to mention that under your opinion MOST currency in the world is in fact 'monopoly money'. Not too many modern countries back up their dollar (or Euro, pound what ever) with gold or anything else.

I am pretty sure that the Pound Sterling is backed by gold. Whilst in the states you can't take some notes to the Fed and change it for it's worth in Gold, in the UK, I can go to the Bank of England and get gold in exchange for my "monopoly" money. Pretty sure the Euro is also backed by Gold as well.

I'm not worried about the money the feds are printing, I'm worried about the money they're SPENDING!!!

Deficit spending is far more dangerous to our economy than a few extra mil here and there in money manufacture. They put some in, they take some out, but it all equals out in the end. But the exploding deficit - well, that might end up an explosion indeed!

They put some in, they take some out

One problem is the "They" putting it in is not the "They" taking some out.
Dont be fooled by the words Federal Reserve. Our "Feds" dont own it.

It's still just a matter of liquidity, and it doesn't in and of itself jeapardize the economy. Borrowing like there's no tomorrow and no one will ever have to pay can have disasterous consequences, however. Just ask the millions of Americans who get into financial trouble that way each year.

Most countries paper currency is backed up by the economy of that country, which in turn is affected by the economies of every other country.

All that is important, is that some how it all works.

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Money [medium of exchange] is worth whatever resources, goods and services people are willing to exchange for [some of] it.

To a great extent it relies on the stability of the government that issues it and the society that government presides over.

Precious metals work as non-governmentally dependant money/medium-of-exchange. But they tend to be somewhat less liquid than government cash.
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Originally posted by AWingAndASigh
I'm not worried about the money the feds are printing, I'm worried about the money they're SPENDING!!!

Actually, the real danger is that the Fed Res only authorizes enough extra Corporate Scrip (That's what the US Dollar is, so that's what I call it) to cover the amount that banks loan out...But do *nothing* to ensure that there's enough Scrip to cover the Interest on those loans. In short, this means that there will always be somebody, somewhere who will not be able to finish paying off their loan. Then the bank defaults & seizes real assets based upon a defaulted loan of Scrip.

Originally posted by slank
Precious metals work as non-governmentally dependant money/medium-of-exchange. But they tend to be somewhat less liquid than government cash.
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The problem is the US is that the Scrip issued as Dollars is not based upon gold, but silver. The Fed Res (which is not Federal & Reserves less than 10% of actual assets for the amount of Scrip printed) coerced the government to make it illegal in the US to use gold as a medium of transactions...Those who knew what what going on sent all of their gold to overseas storage so that they could avoid the "deadline" in which all privately-owned gold had to be turned in to the government. Once the deadline hit, gold was inflated in value by the "lack of supply" of it in the country, so then those in-the-know then sold their gold for 75% profit while everybody else was just left swinging in the breeze.

The government itself can still deal with gold, but the US citizenry can be arrested if they try to use gold to buy anything other than leverage in "futures specualtion". We can't store it (in bullion form, but in "collector's keepsakes", it's ok) or spend it as money...It can only be used through the market-system.

And the foreign banks that control our economy keep getting richer, no matter which way the economy swings...They have ways to profit from Bull or Bear markets. Bankrupting a country means nothing to them...They just won't let the world economy crumble.

I am bumping this thread because I still cannot see how the United States can maintain a strong dollar with its present situations and debt load.

Why was the Canadian dollar fluctuating rapidly a few months ago and now back to its "normal" spot.