UN wants new global currency to replace dollar

The Great Depression was cause by bankers, who had issued massive debts by allowing people to buy stocks on margin and then called them all in at once, crashing the market and the entire economy.

They they bought up tons of small banks and business at a steal. This is what they do.

This is what they just did.
 
AssHatZombie said:
The Great Depression was cause by bankers, who had issued massive debts by allowing people to buy stocks on margin and then called them all in at once, crashing the market and the entire economy.

They they bought up tons of small banks and business at a steal. This is what they do.

This is what they just did.
Click to expand...

You're always close, but no cigar.

The Great depression was caused by just what you want to do .. the hoarding of gold.

In whose hands do you think the gold would be placed?

CAUSES OF THE GREAT DEPRESSION:

A review of Keynesian theory

To understand the Great Depression, it is important to know the theories of John Maynard Keynes (rhymes with "rains"). Keynes is known as the "father of modern economics" because he was the first to accurately describe some of the causes and cures for recessions and depressions.

In a normal economy, Keynes said, there is a circular flow of money. My spending becomes part of your earnings, and your spending becomes part of my earnings. For various reasons, however, this circular flow can falter. People start hoarding money when times become tough; but times become tougher when everyone starts hoarding money. This breakdown results in a recession.

To get the circular flow of money started again, Keynes suggested that the central bank -- in the U.S., the Federal Reserve System -- should expand the money supply. This would put more money in people's hands, inspire consumer confidence, and compel them to start spending again.

A depression, Keynes believed, is an especially severe recession in which people hoard money no matter how much the central bank tries to expand the money supply. In that case, he suggested that government should do what the people were not: start spending. He called this "priming the pump" of the economy. Indeed, most economists believe that only massive U.S. defense spending in preparation for World War II cured the Great Depression.

After its success during the war, almost all free governments around the world became Keynesian. Its policies have dramatically reduced the severity of recessions since then, and appear to have completely eliminated the depression from the world's economies. (More)

Events of the 1920s
The Roaring Twenties were an era dominated by Republican presidents: Warren Harding (1920-1923), Calvin Coolidge (1923-1929) and Herbert Hoover (1929-1933). Under their conservative economic philosophy of laissez-faire ("leave it alone"), markets were allowed to operate without government interference. Taxes and regulation were slashed dramatically, monopolies were allowed to form, and inequality of wealth and income reached record levels. The country was on the conservative's preferred gold standard, and the Federal Reserve was not allowed to significantly change the money supply.

The fact that the Great Depression began in 1929, then, on the Republicans' watch, is a great embarrassment to conservative economists. Many try to blame the worsening of the Depression on Hoover, for supposedly betraying the laissez-faire ideology. As the time line in the next section will show, however, almost all of Hoover's government action occurred during his last year in office, long after the worst of the Depression had hit. In fact, he was voted out of office for doing "too little too late." The only notable exception to his earlier idleness was the Smoot-Hawley tariff of 1930, whose minor impact we shall explore in more detail later on.

But much more importantly, the economy was clearly turning downward even before Hoover took office in 1929. Entire sectors of the economy were depressed throughout the decade, like agriculture, energy and mining. Even the two industries with the most spectacular growth -- construction and automobile manufacturing -- were contracting in the year before the stock market crash of 1929. About 600 banks a year were failing. Half the American people lived at or below the minimum subsistence level. By the time the stock market crashed, there was a major glut of goods on the market, with inventories three times their normal size.

The fact that all this occurred even before the first act of government intervention is a major refutation of laissez-faire ideology.
http://www.huppi.com/kangaroo/Causes.htm

Shooting at bankers is like shooting at the driver of the get-away car instead of the actual bank robbers.

Banks and BANKERS failed, but the Robber Barons remain unscathed.

... sound familiar?
 
blackascoal said:
You're always close, but no cigar.

The Great depression was caused by just what you want to do .. the hoarding of gold.

In whose hands do you think the gold would be placed?

CAUSES OF THE GREAT DEPRESSION:

A review of Keynesian theory

To understand the Great Depression, it is important to know the theories of John Maynard Keynes (rhymes with "rains"). Keynes is known as the "father of modern economics" because he was the first to accurately describe some of the causes and cures for recessions and depressions.

In a normal economy, Keynes said, there is a circular flow of money. My spending becomes part of your earnings, and your spending becomes part of my earnings. For various reasons, however, this circular flow can falter. People start hoarding money when times become tough; but times become tougher when everyone starts hoarding money. This breakdown results in a recession.

To get the circular flow of money started again, Keynes suggested that the central bank -- in the U.S., the Federal Reserve System -- should expand the money supply. This would put more money in people's hands, inspire consumer confidence, and compel them to start spending again.

A depression, Keynes believed, is an especially severe recession in which people hoard money no matter how much the central bank tries to expand the money supply. In that case, he suggested that government should do what the people were not: start spending. He called this "priming the pump" of the economy. Indeed, most economists believe that only massive U.S. defense spending in preparation for World War II cured the Great Depression.

After its success during the war, almost all free governments around the world became Keynesian. Its policies have dramatically reduced the severity of recessions since then, and appear to have completely eliminated the depression from the world's economies. (More)

Events of the 1920s
The Roaring Twenties were an era dominated by Republican presidents: Warren Harding (1920-1923), Calvin Coolidge (1923-1929) and Herbert Hoover (1929-1933). Under their conservative economic philosophy of laissez-faire ("leave it alone"), markets were allowed to operate without government interference. Taxes and regulation were slashed dramatically, monopolies were allowed to form, and inequality of wealth and income reached record levels. The country was on the conservative's preferred gold standard, and the Federal Reserve was not allowed to significantly change the money supply.

The fact that the Great Depression began in 1929, then, on the Republicans' watch, is a great embarrassment to conservative economists. Many try to blame the worsening of the Depression on Hoover, for supposedly betraying the laissez-faire ideology. As the time line in the next section will show, however, almost all of Hoover's government action occurred during his last year in office, long after the worst of the Depression had hit. In fact, he was voted out of office for doing "too little too late." The only notable exception to his earlier idleness was the Smoot-Hawley tariff of 1930, whose minor impact we shall explore in more detail later on.

But much more importantly, the economy was clearly turning downward even before Hoover took office in 1929. Entire sectors of the economy were depressed throughout the decade, like agriculture, energy and mining. Even the two industries with the most spectacular growth -- construction and automobile manufacturing -- were contracting in the year before the stock market crash of 1929. About 600 banks a year were failing. Half the American people lived at or below the minimum subsistence level. By the time the stock market crashed, there was a major glut of goods on the market, with inventories three times their normal size.

The fact that all this occurred even before the first act of government intervention is a major refutation of laissez-faire ideology.
http://www.huppi.com/kangaroo/Causes.htm

Shooting at bankers is like shooting at the driver of the get-away car instead of the actual bank robbers.

Banks and BANKERS failed, but the Robber Barons remain unscathed.

... sound familiar?
Click to expand...



LOL. Yeah. Hoarding gold caused the depression. That doesn't even make sense.

You're moronic.
 
blackascoal said:
You assume that I would rather have you agreeing with me than Asshat.

You assume that I don't think you are as loony as he is.

You assume too much.

I have much much more plain as day right in your face evidence that extends beyond 1998 .. but you could no more "debunk" that evidence than you have this evidence or for that matter, any evidence.

Question: Does 2002 come before or after 1998?

Afghanistan plans gas pipeline

May 13, 2002

Afghanistan hopes to strike a deal later this month to build a $2bn pipeline through the country to take gas from energy-rich Turkmenistan to Pakistan and India. Afghan interim ruler Hamid Karzai is to hold talks with his Pakistani and Turkmenistan counterparts later this month on Afghanistan's biggest foreign investment project, said Mohammad Alim Razim, minister for Mines and Industries told Reuters.

"The work on the project will start after an agreement is expected to be struck at the coming summit," Mr Razim said.

The construction of the 850-kilometre pipeline had been previously discussed between Afghanistan's former Taliban regime, US oil company Unocal and Bridas of Argentina.

The project was abandoned after the US launched missile attacks on Afghanistan in 1999.

US company preferred

Mr Razim said US energy company Unocal was the "lead company" among those that would build the pipeline, which would bring 30bn cubic meters of Turkmen gas to market annually.

Unocal - which led a consortium of companies from Saudi Arabia, Pakistan, Turkmenistan, Japan and South Korea - has maintained the project is both economically and technically feasible once Afghan stability was secured.

"Unocal is not involved in any projects (including pipelines) in Afghanistan, nor do we have any plans to become involved, nor are we discussing any such projects," a spokesman told BBC News Online.

The US company formally withdrew from the consortium in 1998.

"The Afghan side assures all sides about the security of the pipeline and will take all responsibilities for it," Mr Razim said.

Reconstructing

Afghanistan plans to build a road linking Turkmenistan with Pakistan parallel to the pipeline, to supply nearby villages with gas, and also to pump Afghan gas for export, Mr Razim said.

The government would also earn transit fees from the export of gas and oil and hoped to take over ownership of the pipeline after 30 years, he said.

The Asian Development Bank (ADB) has been surveying routes for transferring local gas from northern Afghan areas to Kabul, and to iron ore mines at the Haji Gak pass further west.

"ADB will announce its conclusion soon," Mr Razim said.

The pipeline is expected to be built with funds from donor countries for the reconstruction of Afghanistan as well as ADB loans, he said.
http://news.bbc.co.uk/2/hi/business/1984459.stm

ONOCAL .. surprise, surprise

QUESTION: Does 2009i come before or after 1998?

Afghanistan and the new great game

Prized pipeline route could explain West's stubborn interest in poor, remote land

August 12, 2009

Why is Afghanistan so important?

A glance at a map and a little knowledge of the region suggest that the real reasons for Western military involvement may be largely hidden.

Afghanistan is adjacent to Middle Eastern countries that are rich in oil and natural gas. And though Afghanistan may have little petroleum itself, it borders both Iran and Turkmenistan, countries with the second and third largest natural gas reserves in the world. (Russia is first.)

Turkmenistan is the country nobody talks about. Its huge reserves of natural gas can only get to market through pipelines. Until 1991, it was part of the Soviet Union and its gas flowed only north through Soviet pipelines. Now the Russians plan a new pipeline north. The Chinese are building a new pipeline east. The U.S. is pushing for "multiple oil and gas export routes." High-level Russian, Chinese and American delegations visit Turkmenistan frequently to discuss energy. The U.S. even has a special envoy for Eurasian energy diplomacy.

Rivalry for pipeline routes and energy resources reflects competition for power and control in the region. Pipelines are important today in the same way that railway building was important in the 19th century. They connect trading partners and influence the regional balance of power. Afghanistan is a strategic piece of real estate in the geopolitical struggle for power and dominance in the region.

Since the 1990s, Washington has promoted a natural gas pipeline south through Afghanistan. The route would pass through Kandahar province. In 2007, Richard Boucher, U.S. assistant secretary of state, said: "One of our goals is to stabilize Afghanistan," and to link South and Central Asia "so that energy can flow to the south." Oil and gas have motivated U.S. involvement in the Middle East for decades. Unwittingly or willingly, Canadian forces are supporting American goals.

The proposed pipeline is called TAPI, after the initials of the four participating countries (Turkmenistan, Afghanistan, Pakistan and India). Eleven high-level planning meetings have been held during the past seven years, with Asian Development Bank sponsorship and multilateral support (including Canada's). Construction is planned to start next year.

The pipeline project was documented at three donor conferences on Afghanistan in the past three years and is referenced in the 2008 Afghan Development Plan. Canada was represented at these conferences at the ministerial level. Thus, our leaders must know. Yet they avoid discussion of the planned pipeline through Afghanistan.

The 2008 Manley Report, a foundation for extending the Canadian mission to 2011, ignored energy issues. It talked about Afghanistan as if it were an island, albeit with a porous Pakistani border. Prime Minister Stephen Harper says he "will withdraw the bulk of the military forces" in 2011. The remaining troops will focus mostly on "reconstruction and development." Does that include the pipeline?

Pipeline rivalry is slightly more visible in Europe. Ukraine is the main gateway for gas from Russia to Europe. The United States has pushed for alternate pipelines and encouraged European countries to diversify their sources of supply. Recently built pipelines for oil and gas originate in Azerbaijan and extend through Georgia to Turkey. They are the jewels in the crown of U.S. strategy to bypass Russia and Iran.

The rivalry continues with plans for new gas pipelines to Europe from Russia and the Caspian region. The Russians plan South Stream – a pipeline under the Black Sea to Bulgaria. The European Union and U.S. are backing a pipeline called Nabucco that would supply gas to Europe via Turkey. Nabucco would get some gas from Azerbaijan, but that country doesn't have enough. Additional supply could come from Turkmenistan, but Russia is blocking a link across the Caspian Sea. Iran offers another source, but the U.S. is blocking the use of Iranian gas.

Meanwhile, Iran is planning a pipeline to deliver gas east to Pakistan and India. Pakistan has agreed in principle, but India has yet to do so. It's an alternative to the long-planned, U.S.-supported pipeline from Turkmenistan through Afghanistan to Pakistan and India.

A very big game is underway, with geopolitics intruding everywhere. U.S. journalist Steven LeVine describes American policy in the region as "pipeline-driven." Other countries are pushing for pipeline routes, too. The energy game remains largely hidden; the focus is on humanitarian, development and national security concerns. In Canada, Afghanistan has been avoided in the past two elections.

With the U.S. surge underway and the British ambassador to Washington predicting a decades-long commitment, it's reasonable to ask: Why are the U.S. and NATO in Afghanistan? Could the motivation be power, a permanent military bridgehead, access to energy resources?

Militarizing energy has a high price in dollars, lives and morality. There are long-term consequences for everyone. Canadian voters want to know: Why is Afghanistan so important?
http://www.thestar.com/comment/article/679670

Why do you think we gave one billion US taxpayer dollars to Georgia?

You assume way too much brother.
Click to expand...



Damo told me years ago that there was no gasline going thru Afganistan and nothing to send thru it anyway.

I just filed it away as Damo listens to too much talk radio and such.
I posted info back then too, but the right was deaf on the subject.

I guess the best way to discredit something is get the pundits yelling conspiracy to discredit facts.
 
uscitizen said:
Damo told me years ago that there was no gasline going thru Afganistan and nothing to send thru it anyway.

I just filed it away as Damo listens to too much talk radio and such.
I posted info back then too, but the right was deaf on the subject.

I guess the best way to discredit something is get the pundits yelling conspiracy to discredit facts.
Click to expand...

Conspiracy theory = DENIAL

We're also told on this board by superfreak that nothing has been done about the pipeline since 1998 .. but that lie was immediately exposed by the facts .. and the knucklehead still claims nothing was done since 1998.

Unocal executives are appointed and (s)elected as President, Envoy, and Ambassador .. but nope .. nothing strange here.

America has a history of invading, occupying, and overthrowing democratically elected governments for oil and geo-political power .. with the RECENT example of Iraq .. but nope .. we would never invade a country for oil, resources, and power.

America has a history of creating false flags and false rational for invasion/overthrow .. including RECENT history in Iraq .. but nope .. we would never do that.

It's why I post what I believe and don't give a damn about such ignorance that is so typically American.
 
blackascoal said:
Conspiracy theory = DENIAL

We're also told on this board by superfreak that nothing has been done about the pipeline since 1998 .. but that lie was immediately exposed by the facts .. and the knucklehead still claims nothing was done since 1998.

Unocal executives are appointed and (s)elected as President, Envoy, and Ambassador .. but nope .. nothing strange here.

America has a history of invading, occupying, and overthrowing democratically elected governments for oil and geo-political power .. with the RECENT example of Iraq .. but nope .. we would never invade a country for oil, resources, and power.

America has a history of creating false flags and false rational for invasion/overthrow .. including RECENT history in Iraq .. but nope .. we would never do that.

It's why I post what I believe and don't give a damn about such ignorance that is so typically American.
Click to expand...

And fiat currency inevitably leads to oligarchical totalitarianism.
 
blackascoal said:
How long as the US been a country with fiat currency?

How long have we suffered under oligarchical totalitarianism?
Click to expand...

http://www.creditwritedowns.com/2009/04/the-age-of-the-fiat-currency-a-38-year-experiment.html

When the United States closed the gold window in 1971, the world entered a new era in which nearly all money was supported by nothing more than the full faith and credit of the governments issuing it. If one looks back to the history of paper money, no government has had the discipline to maintain its currency without resorting to the printing presses.

All of these paper money experiments have ended in disaster. This is one reason ‘gold bugs’ are so keen on the Gold Standard – because a currency tied to a real asset is better than a currency backed only by the promise of its government not to inflate
Click to expand...

We've been suffering since then. Though the shenanigans have been going on longer, creating and popping bubbles etc. through the knowledge that people never redeem them, generally.
 
AssHatZombie said:
We've been suffering since then. Though the shenanigans have been going on longer, creating and popping bubbles etc. through the knowledge that people never redeem them, generally.
Click to expand...

The notion that we've been living under totalitarianism since 1971 is absolutely mindless brother.

I'd agree that we are an oligarchy .. as we are governed by the few .. but this isn't a totalitarian society .. which cannot exist without absolutism.

You still have choices .. bad choices .. contrived choices .. but choices still.

What we are is a plutocracy, plain and simple.
 
blackascoal said:
The notion that we've been living under totalitarianism since 1971 is absolutely mindless brother.

I'd agree that we are an oligarchy .. as we are governed by the few .. but this isn't a totalitarian society .. which cannot exist without absolutism.

You still have choices .. bad choices .. contrived choices .. but choices still.

What we are is a plutocracy, plain and simple.
Click to expand...

It is effectively totalitarianism. People who create the money and their friends and business partners will always be able to make more money for themselves, while people who work on fixed salaries are effectively made poorer.

As the economy collapses, they military industrial complex and their liars in the media and lawyers in the court, and intellectual water carriers in academia, will just keep printing money for themselves until any ideological opposition is cut out of the bailout loop and allowed to wither and die. Totalitarianism.
 
Yep. Fiat currency is the most insidious tool of totalitarianism ever devised.

ANd you love it.

What were you saying? Drive or be driven? That really is your malicious credo.
 
I am the illuminati and It ain't happening.
We want to control the fall of the dollar with a parachute, not an Argintinian anchor.
The illuminati are buying Chineese and Brazillian stocks. PLAYA!!!
 
I jizzed in bac's face on this one. He shut up real quick. He knows fiat currency is the biggest scam going. A scheme bankers will lie, murder, cheat and steal to maintain. They pay for whole universities to turn out economists who swear it's the only way. They (economists) don't even know themselves how brainwashed they really are.
 
AssHatZombie said:
I jizzed in bac's face on this one. He shut up real quick. He knows fiat currency is the biggest scam going. A scheme bankers will lie, murder, cheat and steal to maintain. They pay for whole universities to turn out economists who swear it's the only way. They (economists) don't even know themselves how brainwashed they really are.
Click to expand...

Bankers are corporations too.

All corporations look out for their own best interests.
 
uscitizen said:
Bankers are corporations too.

All corporations look out for their own best interests.
Click to expand...

Yes they are. And all corporations need to get in good with bank so they can keep getting their credit lines to operate and pay themselves great salaries.

This banker control of corporations is how they control society.

"We will renew your loan if you stop hiring white people"

etc.
 
AssHatZombie said:
Yes they are. And all corporations need to get in good with bank so they can keep getting their credit lines to operate and pay themselves great salaries.

This banker control of corporations is how they control society.
"We will renew your loan if you stop hiring white people"

etc.
Click to expand...

"We will renew your loan if you stop hiring white people"

What that really means is:

You must cut your expenses.
You must increase productivity.

etc

How the corps wanting loans do that is up to them.
 
uscitizen said:
"We will renew your loan if you stop hiring white people"

What that really means is:

You must cut your expenses.
You must increase productivity.

etc

How the corps wanting loans do that is up to them.
Click to expand...

No. It really means, stop hiring white people.

The point is they have full control.
 
AssHatZombie said:
I jizzed in bac's face on this one. He shut up real quick. He knows fiat currency is the biggest scam going. A scheme bankers will lie, murder, cheat and steal to maintain. They pay for whole universities to turn out economists who swear it's the only way. They (economists) don't even know themselves how brainwashed they really are.
Click to expand...

you jizzed on your computer screen cause GED actually bothered to repsond to you more than twice.
 
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