Sammy Jankis
Was it me?
MM, what do you think of wiseones belief that a one world fiat currency is a better idea?
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MM, what do you think of wiseones belief that a one world fiat currency is a better idea?
Mike Mitrosky
Verified User
Its a horrendous idea.
A one world currency would be fine, if it were based on silver or gold, because that way it would be out of the control of small group of elite..
We already had this back in the day when America was using Spanish milled dollars.. all gold and silver is universally accepted...
So the group of elite who have promulgated this idea for a world wide currency, dont really want a one world currency.. they just want a one world currency that they can manipulate and control for their own benefit.
But theyve got the PR machine out in force.. They brainwash people on 'globalism' and all sorts of nonsense... people need to wake up to the scam.
Minister of Truth
Practically Perfect
In any world, at any time, on any given plain of existence, under any given set of circumstances, barter trade is a failure. I even have to say barter trade, rather than barter economy, because there's no such thing as barter economy, when it won't work for more than five minutes for there to even be an economy to measure.
A system of mismanaged fiat currency may lead to the death of civilizations, but has there ever been a civilization created under barter trade? No, which is why no such civilizations have ever collapsed.
Sammy Jankis
Was it me?
Mike Mitrosky
Verified User
This video says it all
Minister of Truth
Practically Perfect
1) They didn't start to become civilized until after they dumped barter
2) Barter is not robust. You know who uses barter? Schoolkids use barter on the playground and in the lunchroom. Pogs for Star Wars cards and cookies for tater tots. Very fucking robust!!
Sammy Jankis
Was it me?
Minister of Truth
Practically Perfect
The Greeks and Romans moved beyond barter in their infancies, when they were still insignificant like you. Barter is not robust, and even the schoolkids who utilize it are often unhappy with it, and much prefer hard currency whenever possible. They understand that one way leads to students often getting screwed over, and one way is far superior.
Sammy Jankis
Was it me?
wiseones2cents
Verified User
I dont believe in fiat currencys. I want an ounce of gold to haver the same value of an ounce of gold any where you go.
This idea of making some currencies stronger and others weaker could be helpful in helping out the poorer countries but instead the richer countries used the currency advantage to exploit poorer nations. And buy out all their resources/wealth at next to nothing.
The Bretton woods system was a failure.
Bretton Woods system - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:CordellHull.jpeg" class="image"><img alt="" src="http://upload.wikimedia.org/wikipedia/en/thumb/3/39/CordellHull.jpeg/200px-CordellHull.jpeg"@@AMEPARAM@@en/thumb/3/39/CordellHull.jpeg/200px-CordellHull.jpeg
How convienient it was for the Americans to unilaterally terminate convertibility of the dollar to gold. This action created the situation whereby the United States dollar became the sole backing of currencies and a reserve currency for the member states.
Making the American dollar the reserve currence is part of this gigantic mess we are in. We should have stuck with the initial reserve currency called Bancor.
Bancor - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Question_book-new.svg" class="image"><img alt="Question book-new.svg" src="http://upload.wikimedia.org/wikipedia/en/thumb/9/99/Question_book-new.svg/50px-Question_book-new.svg.png"@@AMEPARAM@@en/thumb/9/99/Question_book-new.svg/50px-Question_book-new.svg.png
Some notes:
It was to be initially fixed in terms of 30 commodities, of which one would be gold. It would stabilize the average prices of commodities, and with them the international medium of exchange and a store of value. Central to Keynes' proposal was to tax countries' current account surpluses, encouraging domestic demand and promoting global trade balance.[2]
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wiseones2cents
Verified User
What are you talking about? You stated"They didn't start to become civilized until after they dumped barter"
Bartor was the beginning of what you call an economy.
You mean they didn't start to become so corrupted until they dumped the bartor system. The end of the bartor system made way to financial fraud.
The Greeks and Romans didn't use worthless paper money. They used actual Gold and Silver as currency to trade(yes bartor)with.
Paper notes origionated as a promise to deliver the actual goods(valuables like Gold, Silver, ect..) not paper money.
Right now the entire economy is an illusion, built on imaginary money. You can see how that opens the door to corruption.
P.s. If banks and corporations can cook the books and hide lossess and debt, I cannot see why the USA can't. Just pretend that you payed the bill. Seriously. Who would be the wiser? The rich are all in on the scam. Make the debt disappear like in the visa commercial.
I think they pretend to make the markets go up and down to rob poor naive people of their life savings.
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Sammy Jankis
Was it me?
This is exactly right. And so called "intelligent investors" utter phrases like "oh that's just the business cycle", as if this stupidity makes them intelligent.
wiseones2cents
Verified User
Seems like it to me. They manipulate the cycles. The lend out all kinds of money. Make people work and build up their assets. Then they destabilize the markets by pulling out their fake money that they added to the markets. People lose their shirts and then they buy up all the losses for pennies, each time gaining a larger share of the market.
"From now on, depressions will be scientifically created." -- Congressman Charles A. Lindbergh Sr. , 1913
Sammy Jankis
Was it me?
It's also interesting what's "crucial for the economy". They say the financial system is crucial for the entire economy, so therefore these banks must be bailed out. But somehow workers are not integral to the economy and are not worth creating money for. This double standard of existential value is quite evil.
wiseones2cents
Verified User
They talk about the mortgage crisis and how the banks lost all kinds of money but did they? The people lost their homes to foreclosure. What did the banks lose?
The banks made whatever money they collected already and they still have possession of the home. Once they sell the homes they will make major profit. Unless the homes go down in price and the buyers did not pay any of the mortgage. Though from what I understand? Prices are going up, not down.
So how are the banks loosing money in this mortgage crisis?
The banks made whatever money they collected already and they still have possession of the home. Once they sell the homes they will make major profit. Unless the homes go down in price and the buyers did not pay any of the mortgage. Though from what I understand? Prices are going up, not down.
So how are the banks loosing money in this mortgage crisis?
USFREEDOM911
MAKE AMERICA GREAT AGAIN
USFREEDOM911
MAKE AMERICA GREAT AGAIN
Minister of Truth
Practically Perfect
Barter is too ignorant, savage, and pathetic to be called "an economy." That's like calling wood "paper" and Hydrogen and Oxygen "water."
Sammy Jankis
Was it me?
Sammy Jankis
Was it me?
Those who recently took to the streets to protest the Banks and were given such short shift by the police and American press have legitimate reasons for protesting the Bank. The sad part of it is, so do all Americans , but most of them are totally unaware of why they should. The Bank, after all, is far removed from their everyday lives and seems to have no relation to their own wages and life styles. They are blind to the gold hemorrhage which has taken place, continues to take place, and threatens to impoverish us at some point in time in the future.
As previously mentioned, even our so-called “former enemy,” Russia is not immune from this economic rape, according to testimony of one witness, Anne Williamson, before the Banking Committee of the House, on September 21, 1999 .
Williamson is the author of a book, Contagion: The Betrayal of Liberty , Russia , and the United States In the 1990s her testimony indicting the Bank and the IMF, also indicted the U.S. Treasury, the Harvard Institute for International Development, and the Federal Reserve. Williamson said “taxpayer-subsidized globalism (then) is not a new phenomenon, but it has reached an apogee of sorts under the guiding hand of the opportunistic Clinton Administration.”
She continued, “When the IMF touted a 1996 $10.2 billion loan on the basis of what an extraordinary job Russia had done in meeting the conditions of a 1995 $6.7 billion loan, one crucial detail went unmentioned. The $6.7 billion loan was extended without any conditions via the IMF’s Systematic Transformation Facility, a program designed to funnel money to Russia in return for ‘the promise to reform’. Also left unsaid was that through the magic of money’s fungibility, the $6.7 billion loan financed – almost to the kopeck – Yeltsin’s bloody and disastrous assault on Chechnya.”
Following these loans and the 1995 elections, in 1996 the Fund proceeded with another loan of $10.2 billion, “front-loaded with a billion dollars meant for Yeltsin ’s re-election.” One perk from this, Williamson told the House Committee, was a $700- million annual deal with Tyson Chicken protected “from a threatened 20 percent tariff increase.” Tyson has been a long time political and financial crony of Clinton .[ii]
Clinton ’s Treasury Secretary, Larry Summers demanded the head of the World Bank ’s Chief Economist, Joseph Stiglitz in 1999, when he revealed U.S. meddling in Russia’s so-called election in 1995—among other secrets of the global meddlers. Stiglitz , in a 2002 interview with reporter Greg Palast ,[iii] revealed “the real, often hidden workings of the IMF, World Bank, and the bank’s 51% owner, the U.S. Treasury.”
Stiglitz was not shy about reporting the U.S. . Treasury wanted Yeltsin re-elected and “US-backed oligarchs stripped Russia’s industrial assets, with the effect that the corruption scheme cut national output nearly in half causing depression and starvation.” So Russia abruptly disappears as a world power. Had you ever even noticed?
Russia was not the only country, of course, to suffer the indignities of IMF and Bank policies which squeeze the last “pound of blood” out of the people of the nations who turn to the banks for aid, and when the nation is down and out and the banks turn up the heat, riots explode as happened in Indonesia, Bolivia, and Ecuador, as well as others. The country’s assets are up for grabs, and the “people” are poorer than before.
Palast commented, “You’d almost get the impression that the riot is written into the plan.” And then, he said, secret documents in his possession support the conclusion the Bank callously expected “social unrest,” as a consequence of their actions. Those on IMF ’s “side” are equipped with bullets, tanks and teargas – just like the Hungarian 1956 uprising of brave people who went up against the Soviets with bare hands and received no assistance from the United States, repeated in the years’ later episode of the students in Tiananmen Square.
Palast says Stiglitz is “particularly emotional over the WTO’s (World Trade Organization, almost indistinguishable and interchangeable with the two Banks) intellectual property rights treaty (it goes by the acronym TRIPS). It is here, says the economist, that the new global order has ‘condemned people to death’ by imposing impossible tariffs and tributes to pay to pharmaceutical companies for branded medicines. ‘They don’t care,’ said the professor of the corporations and bank loans he worked with, ‘if people live or die.’”
We who live in the United States can sit back and commiserate with the unhappy residents of these 3rd World Nations who scrabble in the dirt for roots to give their starving children, but can our turn be far behind?
Davison Budhoo , another former employee of the IMF , agrees the two banks wreak havoc on the Third World which is “in an accelerated spiral of economic and social decline”---which decline is “linked directly to the World Bank and the International Monetary Fund.” (Throughout all of Julian Huxley’s writings was an almost paranoid refrain about population control. As he saw it, some method of bringing the world’s population surges to “manageable” levels had to be invented. Was this it? Was this why the UN did nothing about the Moslem genocide against Christians in Rwanda ?)
http://www.minutewoman.net/debt slavery.htm
As previously mentioned, even our so-called “former enemy,” Russia is not immune from this economic rape, according to testimony of one witness, Anne Williamson, before the Banking Committee of the House, on September 21, 1999 .
Williamson is the author of a book, Contagion: The Betrayal of Liberty , Russia , and the United States In the 1990s her testimony indicting the Bank and the IMF, also indicted the U.S. Treasury, the Harvard Institute for International Development, and the Federal Reserve. Williamson said “taxpayer-subsidized globalism (then) is not a new phenomenon, but it has reached an apogee of sorts under the guiding hand of the opportunistic Clinton Administration.”
She continued, “When the IMF touted a 1996 $10.2 billion loan on the basis of what an extraordinary job Russia had done in meeting the conditions of a 1995 $6.7 billion loan, one crucial detail went unmentioned. The $6.7 billion loan was extended without any conditions via the IMF’s Systematic Transformation Facility, a program designed to funnel money to Russia in return for ‘the promise to reform’. Also left unsaid was that through the magic of money’s fungibility, the $6.7 billion loan financed – almost to the kopeck – Yeltsin’s bloody and disastrous assault on Chechnya.”
Following these loans and the 1995 elections, in 1996 the Fund proceeded with another loan of $10.2 billion, “front-loaded with a billion dollars meant for Yeltsin ’s re-election.” One perk from this, Williamson told the House Committee, was a $700- million annual deal with Tyson Chicken protected “from a threatened 20 percent tariff increase.” Tyson has been a long time political and financial crony of Clinton .[ii]
Clinton ’s Treasury Secretary, Larry Summers demanded the head of the World Bank ’s Chief Economist, Joseph Stiglitz in 1999, when he revealed U.S. meddling in Russia’s so-called election in 1995—among other secrets of the global meddlers. Stiglitz , in a 2002 interview with reporter Greg Palast ,[iii] revealed “the real, often hidden workings of the IMF, World Bank, and the bank’s 51% owner, the U.S. Treasury.”
Stiglitz was not shy about reporting the U.S. . Treasury wanted Yeltsin re-elected and “US-backed oligarchs stripped Russia’s industrial assets, with the effect that the corruption scheme cut national output nearly in half causing depression and starvation.” So Russia abruptly disappears as a world power. Had you ever even noticed?
Russia was not the only country, of course, to suffer the indignities of IMF and Bank policies which squeeze the last “pound of blood” out of the people of the nations who turn to the banks for aid, and when the nation is down and out and the banks turn up the heat, riots explode as happened in Indonesia, Bolivia, and Ecuador, as well as others. The country’s assets are up for grabs, and the “people” are poorer than before.
Palast commented, “You’d almost get the impression that the riot is written into the plan.” And then, he said, secret documents in his possession support the conclusion the Bank callously expected “social unrest,” as a consequence of their actions. Those on IMF ’s “side” are equipped with bullets, tanks and teargas – just like the Hungarian 1956 uprising of brave people who went up against the Soviets with bare hands and received no assistance from the United States, repeated in the years’ later episode of the students in Tiananmen Square.
Palast says Stiglitz is “particularly emotional over the WTO’s (World Trade Organization, almost indistinguishable and interchangeable with the two Banks) intellectual property rights treaty (it goes by the acronym TRIPS). It is here, says the economist, that the new global order has ‘condemned people to death’ by imposing impossible tariffs and tributes to pay to pharmaceutical companies for branded medicines. ‘They don’t care,’ said the professor of the corporations and bank loans he worked with, ‘if people live or die.’”
We who live in the United States can sit back and commiserate with the unhappy residents of these 3rd World Nations who scrabble in the dirt for roots to give their starving children, but can our turn be far behind?
Davison Budhoo , another former employee of the IMF , agrees the two banks wreak havoc on the Third World which is “in an accelerated spiral of economic and social decline”---which decline is “linked directly to the World Bank and the International Monetary Fund.” (Throughout all of Julian Huxley’s writings was an almost paranoid refrain about population control. As he saw it, some method of bringing the world’s population surges to “manageable” levels had to be invented. Was this it? Was this why the UN did nothing about the Moslem genocide against Christians in Rwanda ?)
http://www.minutewoman.net/debt slavery.htm