Is The US Mint Counterfeiting Monopoly Dollars?
I just saw this and I thought it was funny. But tragic if it's true because you know that US Dollars are now like funny money.
Posts
The Federal Reserve's Explicit Goal: Devalue The Dollar 33%
The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level. An increase in the price level of 2% in any one year is barely noticeable. Under a gold standard, such an increase was uncommon, but not unknown. The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged. A dollar 20 years hence was still worth a dollar. But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-th...
Gold & Silver Represent Freedom and Independence - Mike Maloney
Answer to a question from the Casey Research Summit: "Reserve Currency status--will the US lose it?"
It's All Been Done Before
One of the downsides of having government education camps (the school system) "educate" most of us slaves is that most of us have no clue what occured prior to our own lifetimes. And what we think we know is incorrect or never happened. Everything that is currently going on in the US... government "stimulus", massive deficits, pending bankruptcy and the use of the crisis to institute more government controls and blame the "free market" has already happened twice in the last century in the US. The following cartoon with the outline of the grand plan was printed in the Chicago Tribune in 1934, just after the first bankruptcy of the US Government in 1933. Sound like a familiar plan? Read more
U.S. Dollar Decline – December 7 2011 Update
U.S. Dollar weakness is a foremost concern of mine. As such, I have extensively written about it. I am very concerned that the actions being taken to “improve” our economic situation will dramatically weaken the Dollar. Should the Dollar substantially decline from here, as I expect, the negative consequences will far outweigh any benefits. The negative impact of a substantial Dollar decline can’t be overstated, in my opinion. The following three charts illustrate various technical analysis aspects of the U.S. Dollar, as depicted by the U.S. Dollar Index. First, a look at the monthly U.S. Dollar from 1983. This clearly shows a long-term weakness, with the blue line showing technical support (until 2007): Read the full article at EconomicGreenfield .
Marc Faber To America: "Listen You Lazy Bugger, You Need To Tighten Your Belts, You Need To Work More For Lower Salaries"
Marc Faber says in the interview, "The US needs a Lee Kwan Yew who stands in front of the US and tells them, listen you lazy bugger, now you have to tighten your belts, you have to save more, work more for lower salaries and only through that will we get out of the current dilemma that essentially prevents the economy from growing." Watch.
Mike Maloney - You Better Man the Life Boats
This is a presentation by Mike Maloney during the 2011 Casey Research Spring Summit talking about the US Dollar going into a crisis of confidence.