May 9, 2016 at 4:08 am #48698
Somehow I think the basket of currencies would become as corrupt as using the u.s dollar as the world’s reserve currency. Kerry was mongering on today about a borderless world and I suppose he’s also wants a digitized world $. We can all be tagged fingerprinted and chip implanted for our new universal credit card. Except he wants to do all this with a u.s. that doesn’t fit the description of economic unit. No country, no identity, just a Gringotts Bank in charge or maybe they’ll call it the Goldman Sachs Clinton Soros Foundation. Give us your gold and we’ll give you pure algorithm.
GS The shell that looks intact but isn’t. Good way of describing the USA. The politicians have massively gutted our economy in the interest of world socialism and still claim the u.s. Is the richest nation on earth. The old shell game trick. Even worse situations in Britain German and France. The Islamic mayor of London. What a joke. Libs like Cameron have now allied themselves with radical Islam against their own people. No brexit because it might upset the Islamic migrants. They would rather pay off the migrants with food and money than defend people from murder and rape. Same thing Obama does on the Mexican border. It’s a total moral collapse.May 9, 2016 at 7:34 pm #48705
Have you noticed how Cameron is now “defining” Brexit? He says it would lead to WWIII, and that it equals “isolationism.” Here it comes across the Atlantic any day (there have already been rumblings of it in the past anyway): if we don’t merge with the rest of the world, under a world dictatorship, we’re isolationist.
Cloward, Piven, and Alinsky would be proud – it’s not only vindication of their life works, it’s the objective of same. Given that she’s still living and still very active and committed, I have no doubt that Frances Fox Piven is glorying in her (hopefully) final years.May 9, 2016 at 9:52 pm #48706
Is a basket of phony currencies somehow less phony than any of them by itself? An average drawn on the sum of any number of zeroes is still zero, isn’t it? I suppose a circle of drunks, each leaning inward, toward center, balanced momentarily against each oother’s shoulders, could be momentarily described as “self-supporting,” but I wouldn’t count on their immobility for long.
Societies, nations, collapse more slowly than small gatherings of inebriates, but collapse, they do, usually at rates which permit development of normalcy biases, making detection and positive ID subjects of contention, if not denial.
Cry, "Treason!"May 10, 2016 at 2:26 am #48709
Is a basket of phony currencies somehow less phony than any of them by itself?
No – but…. They move against each other, and unless someone is brave enough to put all their eggs in one basket and go 100% gold and silver (along with rooms of toilet paper, cigarettes, etc., for barter), most people will still have some cash – be it under-the-mattress paper stuff, or digital cash. To simply keep holding $US long term is likely to pay the same dividends as the the currency in Zimbabwe. But if anyone besides me has been watching the Canadian and Australian dollars lately, they know that both currencies have been absolutely hammered against the $US. However, that’s beginning to ease off (just a bit so far). Both are still very mining-dependent, due to so much of their economies being dependent on mining resources, and mining stocks have been hammered by the recent drops in gold and silver prices. The Norwegian Krone is heavily influenced by oil (so it, too, is way down right now). Some believe (including but not limited to that Trader21 fellow) that those currencies will recover VERY nicely against the $US if/when the dollar takes a dive again (it’s been absurdly high recently). So a combination of gold/silver stocks, along with certain select currencies, could – IN THE SHORTER TERM – be a hedge. Long term? You’re absolutely correct – one fake currency is no better than the next – people just ascribe different mythical values to them, and are actually willing to trade them. So why not take advantage of that and let THEM (the market-makers) be the useful idiots for a change, at least until the global economies cease to exist? At least for a while, each (particularly the major ones) will still have RELATIVE value to one another – so why not take advantage of that fact as long as it lasts? That will only cease to exist when a complete and utter global collapse occurs – SuperSHTF.
It doesn’t require going down to the handful of banks where you can do currency exchanges, either. Any brokerage account that deals in foreign securities is one option (not a lot of them, but a few good ones out there. some with quite good commission structures, and 24/7 on line trading). You simply open your account in $US (assuming that’s where you live or you at least want to use $US currency at the moment while it’s still CLOSE to its recent high – but coming down). Then once you’ve got your money in the account, you can exchange it in moments on line for whatever other currency corresponding to stocks they trade in (Canadian mining stocks are plentiful, so conversion from $US to $CAD is almost instantaneous without ever talking to a living human being). With some brokerages, the cost is almost negligible. And you just keep your money parked in the account – purchasing mining stocks, if you wish with some of it – until one currency has made a significant enough move over another, then you exchange back.
For example, had someone purchased Canadian dollars just a couple of months ago at $1.46 to the $US, and if the $US falls back down just to where it was only three years ago (a 1:1 ratio), the Canadian dollars could be converted back into $US for more than a 40% gain in perhaps a couple or three years (depending on how long it takes for the $US to finally come off its current perch). Similarly, had a person purchased an ounce of gold each in Canadian dollars and $US just three years ago, they’d have paid roughly $1400 in each currency for the respective one ounce coins. Had they sold each coin today, they would have lost $37 on the one purchased (and sold) in $US, but gained $237 in Canadian dollars – not bad (a roughly 17% gain in only three years). It’s not for the faint of heart, but there can be some reasonably intelligent risk taking with limited amounts of money if one is following the currency trends over time. (Do NOT confuse any of this with overnight currency trading, or day-trading of stocks, however. They’re no better than Las Vegas, in my opinion).May 13, 2016 at 5:25 pm #48737
This shows a collapse of Europe it not in the future but as we speak, people i know are fleeing, only problem is there is no place to run left in europe except russia, so they look to here in north america but are we any better off soon?May 14, 2016 at 7:53 pm #48739
Namelus, at the risk of resurrecting and rehashing that now taboo subject of US politics, I would say that unless Canadians and Americans can regain some measure of control over their governments, we will soon go the way of Eurabia. Obviously, most Europeans have almost zero say in what their governments decide to shove down their throats, and their governments are absolutely beholden to the EU, which is in turn, sworn to execute the will of its IMF/BIS bankster owners. Does either Canada or the USA have enough thinking citizens to elect a government not equally beholden to the issuers of synthetic credit? I’m not holding my breath.
In the past, the banksters backed monarchies, communism/socialism, fascism/Nazism, as their prospective sword-wielders, leaving themselves to wield the purse. But monarchies were so unpopular in an age of relative freedom in the West, that they failed. Communism can’t generate enough wealth to sustain itself without assistance from nations it is expected to conquer, and fascism eventually tries to wield it’s own purse, so islam appears to be the next candidate for sword-wielding, a task at which they have considerable practice.
Life in the West has been so good that the citizens have ignored their duties of keeping their governments under their own control, leaving them to seek more profitable duties than the ones they swore to perform. Regaining control of the herd is always more difficult than preventing their escape. Can we do it? Yes, with great effort, and the realization that this is no time for business as usual. Will we? I have my doubts.
May 15, 2016 at 9:04 am #48741
- This reply was modified 5 years, 4 months ago by L Tecolote.
There is no God but money. These people will have no jobs and only exist on handouts from the state. Then the state will collapse. No one will produce anything and imbeciles will make the laws. The left wing socialists will do down hard, out of money. Maybe there is justice in the world.August 27, 2016 at 4:48 am #49835
Brulen, I think your prediction is what’s happening now. Between my tenuous optimism and your assertive cynicism, I think we’ve bracketed the terminal-stage of the American Republic.
Here’s a brief analytical and thoughtful view of how nations rise … and fall: THE FATE OF EMPIRES and SEARCH FOR SURVIVAL (Free PDF download – 26 pages, analyzing ~3,000 years of history, efficiently written) You can judge for yourself where we are on the scale of historical prominence, and perhaps, of national survival.
Powerful nations — empires — rise, then fall, but bankster control seems to be the endless chain that links them continuously over the centuries. It would enslave all mankind together, if it could only eliminate the stubborn minority who want liberty more than wealth.
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