The US devalues the US$.. $6000 now is $1000..what will you do

As the headline says what will you do? Will you be as vocal on this issue as the recent "home town meetings"? or more so?
Will you take to the streets or take it to the source of the decision?
I say. The families of soldiers in the military contact them and tell them that we have been usurped in power and to refuse orders.
Workers stand down. Don't go to work. Americans stand together .. feed neighbors not working until we bring down the fascists.

Unfortunately, this is an option on the table in the highest levels and being given detailed planning time.
www.worldreports.org...

4) Shut the banks down (ordered by the regulator – the Federal Reserve) by groupings of Fed districts (e.g. starting with the region incorporating the Federal Reserve Bank of Richmond, to capture Bank of America, Richmond, and proceeding to the Federal Reserve Bank of New York, to capture the big money center banks). During shutdowns, exchange existing dollar balances for a new currency* and revalue all accounts.

(5) Devalue the dollar by between 60% and 80% and reduce the payments (made under ‘duress’) directly via the devaluation (precedent: the Vault Cash Act of 1959: Operation Mongoose).

(6) Take the colossal differential back to the US Treasury/White House for financing the secret internal hedge-cum-slush fund which will ‘keep the boys happy for evermore, both at home and abroad’ (provided the corrupt recipients can find a way of hiding such slush money in the future, which under the quote ‘cleaned-up’ unquote regime, could be a severe ongoing problem for them).

(7) Issue a new currency*, not on the basis of 1:1 as happened in the 1960s, but on the basis of 1:5, or 1:6. or 1:7 (with the colossal differential, as indicated in (6) above, going back to the US Treasury and the White House for financing the unmonitored hidden self-enrichment slush fund trading operations with selected corrupt central banks, ad infinitum).

peace

I'd pick none of the above if I had the choice but it appears the choice is being made for me by someone who I'd be willing to bet doesn't have their money invested in the dollar when this all goes down.

Star and flag...

I've been buying up silver. It has the stability of gold but comes in smaller increments of value. Perfect for buying goods in the event of any sort of mass devaluation of the dollar. In the event that nothing happens, it's still a good hedge against inflation.

To me, it seems that with any fiat currency, you're destined to see a devaluation. Though in this case, I definitely feel that the powers that be are taking advantage of this situation. The results of a situation like this would be devastating to most, if not all of the world economies.

Maybe it will end up like 1984, where the upper 1% rules, while the rest of the world lives in poverty and are kept uneducated.

So this would be a new currency worth what a dollar is really worth, basically undoing the effects of inflation? Or am I confused?

Someone care to clarify a bit more? Is the controversy in how to re-normalize inflation or in adjusting the value of the currency?

reply to post by upgrayedd


I'm doing silver as well. However, the situation is more volatile than that. People in the US cross genders and generations have reached their limits. First comes the big insurance bailout with a "too big to fail" logo. then comes bailouts of the banking industry that uses OUR and OUR CHILDRENS tax money to buy out lessor banks and give huge bonuses to their executives.
Let us explore why in a corporat world bonuses are paid.
First a known goal is determined. Then sub-goals are weighted. Lastly the performance criteria is wheighed in. That is when the bonus is actually realized.

So the failure and subsequent takeover of the USA government in behalf of the "citizens" was a goal that had to be met.
If not , why would bonuses be paid. Don't ask why bonuses have been paid. Rather ask what was the criteria for bonuses. That will open the can of worms

reply to post by awakentired


buy a bunch of guns, a ton of ammo, start a violence based cult with your self as god and stake out a claim to squat on. then all ya gotta do is have orgies until the national guard rolls on ya.

im thinking utah...

reply to post by acornco


Yea that would be the "e" ticket. Too easy. Harder to just get a few people to survive this lump of camel dung!

I guess I like going against the stream. Like a salmon... The harder you work the better you are.

If the American people are sastisfied in winning a squimish...ie health care ..and settle down to the "lets watch american idol" mentality..then the theifs have won trillions of dollars.

We Americans have to continue pushing the insubordinate Congress and Senate to behave as we expect them to...on behalf of the american republic.

This will happen as long as "civillians across the board" continue to have their voices heard!

In other words...Keep Up the Good Work

Originally posted by awakentired
(7) Issue a new currency*, not on the basis of 1:1 as happened in the 1960s, but on the basis of 1:5, or 1:6. or 1:7 (with the colossal differential, as indicated in (6) above, going back to the US Treasury and the White House for financing the unmonitored hidden self-enrichment slush fund trading operations with selected corrupt central banks, ad infinitum).

Okay. I have a question.

Let's say:
I have a check for $100,000.00 dated August, 15th.
I have $10K in my checking account when the bank closes on August 21st.
The banks go on holiday on August 22nd.
When the banks reopen on August 24th, I now have $2K in my checking account. (assuming 1:5 ratio)
I go to deposit my check for $100K on August 25th.

How much will I have in my checking account?

a) $102,000.00
b) $22,000.00
c) The banks don't know what to do and freeze my account.

Thank you!

Were it possible for the government or the federal reserve to take all moneys and debts and reduce them to 1000 dollars for every 6000 dollars. It would have zero impact except to increase the value of each dollar multiplying it's purchasing power by 6. leaving exactly the same purchasing power and debt in each persons hands.

I will ignore the logistical impossability of this being done.

If they reduced the value of the money and left the debt values the world economys would lie in ruin and all would abandon their propertys and debts leaving an abandon wasteland. It would be financial suicide for those currently in power. It will never happen.

It does not matter what you buy instead of the Dollar.

The Dollar is not based against any commodity at all, it is merely printed by the Fed and held in state until interest rates dictate a release to the market.
Demand values the interest rate, this is happening right now...

All currencies are based against a commodity, which is either OIL or Gold.
America has neither hence the WAR in Iraq.

The Dollar is a false scale of economy and will fail every time

good luck guys

reply to post by Cyberbian


Hmm. Never heard of the Naro or North American Union? Check your brain at the door. We're in for a rough flight!

Well, one thing for sure, I would no longerowe 100k on my mortgage, so my obligation to pay off my mortgage would only be 20k. Right?

Although I suppose that the government would say that I still owe 100k, because we certainly don't want to hurt the lending/ credit industry.

LOL.... If my money shrinks, so does all of my debt, and if it doesn't equate to a cut across the board, assets as well as liabilities, then I stop paying anything, and just start taking what I need, such as groceries, gas, ammunition, et cetera.

Workers stand down?

Morally, I couldn't do that. for a living, I work in MR/DD group homes. That would be irresponsible to my friends that I work with, who rely on me as a dependable person, and to my friends who I take care of.

Not to mention, it would be totally out of character for me to do that. If I were working construction still, or high tech proto lab again, but I'm not.

This thing would either work really well, or really terribly. One or the other IMO. And most people seem to think the latter. If we can't withstand these arrogant [snip snip snip snip snip] playing with us, then we are as weak as they think we are.

They won't devalue the dollar like that. If they did, more guns would come out of the ground than they ever thought existed. It would mean the end of the banking system, and probably the end of the government.

About "buying gold and silver".

I still can not grasp that perspective. Buy gold and silver up - for friggen what? If the entire economy collapses, what the hell are you going buy with it? You aren't going to pay me or anyone else in silver or gold to gain my anything of my profession (construction, mechanic, etc). I will want food, water, supplies. Your silver and gold will be worthless if it all comes tumbling down. The new manner of services rendered will be that of barter, and your silver is good for nothing should we have to start over again.

Originally posted by SpacePunk
They won't devalue the dollar like that. If they did, more guns would come out of the ground than they ever thought existed. It would mean the end of the banking system, and probably the end of the government.

Have you even read the links?

All of you that have posted.....?


[edit on 19-8-2009 by awakentired]

Rant on!

The best that I can call my post is an executive summary. I posted links to the basis of the post in order for readers to expand on the summary.

If you really want to know something then investigate it. I gave you the tools please use them and then call me an idiot because the tool was broken and you cant cut the paper sack enclosing your head.

The threat of this is why countries like japan and china are saying they want US bonds to be paid back in their own currency, not the $. If they get that, then america could not inflate their way out of all this debt.