got tonkaed wrote:i dont disagree with you at all about the fact that our dollar is getting crushed all over the place right now. Yes the dollar is in trouble and there needs to be work done in order to make it more stable.
However to suggest that the gold standard is the answer to this, essentially does nothing (since there currently isnt enough in reserve to do this) and creates an investment scare that pretty much derails all sorts of things.
I am certainly no advanced economist but there is nothing out there that i can get my hands on that suggests there is a viable solution provided by the gold standard....the amount and what it covers just doesnt match up.
Therefore, if ron paul is advocating this as a way to bail out the dollar, ron paul loses a fair amount of economic credibilty in my book.
its called order out of chaos
they create the chaos and offer a solution and bring order
after the dollar falls, and it will, here is your answer
Union of North America (UNA) Amero Patterns
http://www.designscomputed.com/coins/amero.html
http://www.youtube.com/watch?v=6hiPrsc9g98
IMF Badmouths The Dollar In Open Attack On American Middle Class
As part of broader elitist strategy to lower living standards and
create two-caste Chinese model
Paul Joseph Watson
Prison Planet
Friday, October 19, 2007
Mirroring recent rhetoric from Alan Greenspan, Ben Bernanke and Henry
Paulson, the IMF has publicly badmouthed the dollar, claiming it is
"overvalued" despite the fact it has lost over half of its value
against the Euro since 2001, and predicts its plunge as part of a
broader strategy to sink the American middle class.
Countering the pleas of the French and other eurozone countries, who
have been forced to beg Bernanke to restore some trust in the
greenback as EU exports begin to feel the bite, the IMF has openly and
enthusiastically given the green light for traders to continue to sell
the dollar.
"The Fund thinks that the US current account deficit will remain close
to 1.5 per cent of world output until 2012, raising the likelihood of
a disorderly plunge in the dollar and protectionism growing over the
next few years," reports the Financial Times.
In their World Economic Outlook brief, the IMF brazenly states that
the agenda in continually badmouthing the dollar is to exalt the
Chinese Renminbi in order to contribute to "a necessary rebalancing of
demand and to an orderly unwinding of global imbalances."
In layman's terms, this means lowering the living standards of the
American middle class by tanking the dollar and sending oil prices
skyrocketing towards $200, as part of the "post-industrial revolution"
agreed upon by the Bilderberg Group. This would eviscerate the middle
class and create a two-caste system based upon the Chinese model,
where the super-rich live in opulence and the rest of the population
are forced to struggle on the poverty line.
With the effects of the credit crunch hitting more and more lower
level lenders, it is clear to see that the fallout is spreading and
propagating a general decline. We are seeing the unfolding of an
overall meltdown that represents a gutting of the United States by
neo-mercantilist institutions bent on the formation of a new global
monopoly.
The ceaseless bad-mouthing of the dollar in public is clearly part of
an orchestrated move to destroy the U.S. economy and pave the way for
the Euro to become the world's reserve currency, eventually heralding
the birth of the Amero - the currency of the North American Union.
Former Fed Chairman Alan Greenspan has also been active trashing the
greenback over the last two months, in September stating that the Euro
would replace the dollar as the global reserve currency of choice.
Also last month, Congressman Ron Paul slammed Federal Reserve Chairman
Ben Bernanke for deliberately depreciating the value of the dollar to
artificially bail out Wall Street while poor and middle class people
lose their homes and have their living standards lowered (watch below).
http://www.youtube. com/watch? v=AeHWW5gbc0w
Paul questioned how it could ever be morally justifiable to
deliberately depreciate the dollar and pointed out the fact that the
dollar collapse was a deliberate policy on behalf of the Fed.
We are witnessing the unfolding of a crash precisely as former World
Bank Vice President, Chief Economist and Nobel Prize winner Joseph
Stiglitz predicted last year.
RELATED: Greenspan Working To Destroy US Economy
http://www.prisonpl anet.com/ articles/ october2007/ 191007_open_ attack.htm
