US Backing for World Currency Stuns Markets

[Chicodoodoo]

Posted by majapahit (here)
what you say here I see common place on many fora
.. unfortunately, I am afraid this is not the case

it is hard to explain, and many run-of-the-mill economists arent even aware that there might be a problem, especially since - western - economists are trained, that the chairman for the FED is god ..

but if Bernanke would want such to happen ..
he could keep the present semi-status quo of quantitative easing going .. perpetually

It would be quite a challenge to keep it going perpetually, because the fiat currency we now use is faith-based. Hyperinflation always kicks in when money is created at an exponential rate, whether that be on a printing press, or even worse, by typing numbers into a computer. Keep in mind that any growth rate greater than zero is exponential. Once the value of a currency falls fast enough, people lose all faith in it, and its value will suddenly collapse to zero when people refuse to accept it.

I really don't think we will see quantitative easing continue much longer. The debt is entering the vertical part of the exponential graph, and the money that must be created to pay off that debt is by necessity on the same track. Inflation by necessity is also on the same track. All are about to explode numerically. The end of faith in the dollar is near.

[Lord Sidious]

Posted by Chicodoodoo (here)

Posted by majapahit (here)
what you say here I see common place on many fora
.. unfortunately, I am afraid this is not the case

it is hard to explain, and many run-of-the-mill economists arent even aware that there might be a problem, especially since - western - economists are trained, that the chairman for the FED is god ..

but if Bernanke would want such to happen ..
he could keep the present semi-status quo of quantitative easing going .. perpetually

It would be quite a challenge to keep it going perpetually, because the fiat currency we now use is faith-based. Hyperinflation always kicks in when money is created at an exponential rate, whether that be on a printing press, or even worse, by typing numbers into a computer. Keep in mind that any growth rate greater than zero is exponential. Once the value of a currency falls fast enough, people lose all faith in it, and its value will suddenly collapse to zero when people refuse to accept it.

I really don't think we will see quantitative easing continue much longer. The debt is entering the vertical part of the exponential graph, and the money that must be created to pay off that debt is by necessity on the same track. Inflation by necessity is also on the same track. All are about to explode numerically. The end of faith in the dollar is near.

All very true.
The funny thing is, not only can you not keep it going, it was never designed to keep going.
They crash it every now and then in a form of accumulation.

[Calz]

Ponzi scheme has run it's course ... nothing left but to collapse.

Myself, I believe they are simply trying to keep the illusion going just long enough until it is time for "them" to hit the DUMBS (underground bunkers).

Do you have a ticket???

Not me ... oh well ... see you all on "the other side"

[Lucid Jia]

Source: https://youtube.com/watch?v=ppkniGDDSV4

[majapahit]

Posted by Chicodoodoo (here)
.. It would be quite a challenge to keep it going perpetually, because the fiat currency we now use is faith-based.

it isnt
or rather .. there is no real change why the money still 'works' like has been before

Hyperinflation always kicks in when money is created at an exponential rate

it doesnt

Weimar hyperinflation .. was 'arranged'
it had 'a purpose' for Hitler
as it has in Zimbabwe now
.. it bankrupts the competition

QE does the same
but the way Bernanke does this, it keeps the fools going (nowhere .. but thats a different matter)
and he can do this Ad infinitum

[Davidallany]

The Shepherd doesn't need his sheep's consent.

[Chicodoodoo]

Posted by majapahit (here)
it isnt, or rather .. there is no real change why the money still 'works' like has been before

Money doesn't work anything like it did before when it was gold and silver coin. Sure, we still use it as a medium of exchange, but the dynamics involved in its creation and stability are entirely different.

Weimar hyperinflation .. was 'arranged'

All hyperinflation is arranged. A fiat currency is one of the arrangements necessary to produce hyperinflation. Greed and lack of controls are two more. Although hyperinflation can continue ad infinitum in theory, in practice it never does. One the fundamental requirements of a currency is stability. People will not accept a massively unstable currency.

[majapahit]

Posted by Chicodoodoo (here)
Money doesn't work anything like it did before when it was gold and silver coin.

the notion of a 'gold standard is good' ..
or any precious metal standard
is a big mistake
one can see even Ron Paul amend his first stance on this
talking about a 'basket' now
there is too little gold around in way too few hands ..

promoting a 'standard' for money ..
it's primitive
it's barbary

learn from the enemy ..
they only need bookkeeping
.. we need the proper bookkeeper

Weimar hyperinflation .. was 'arranged'

All hyperinflation is arranged.

Occording to the official history books & economics ..
hyperinflation derives from the 'invisible hand' or 'animal spirits' depending if you're Keyensian or not

A fiat currency is one of the arrangements necessary to produce hyperinflation.

fiat currency ..
is the only proper and civilized way to manage money circulation.

the only problem is the 'handlers'
robber barons is the only and real problem ..
and ignorence and stupidity on the other hand

a people that is ruled by thieves
is a people of ignorant cowards

[Lord Sidious]

Posted by majapahit (here)
fiat currency ..
is the only proper and civilized way to manage money circulation.

the only problem is the 'handlers'
robber barons is the only and real problem ..
and ignorence and stupidity on the other hand

a people that is ruled by thieves
is a people of ignorant cowards

I disagree.
Fiat currency has no intrinsic value and can't be considered to be consideration in a contract, therefore denying clear title to any purchaser.

[majapahit]

Posted by Lord Sidious (here)
I disagree.
Fiat currency has no intrinsic value and can't be considered to be consideration in a contract, therefore denying clear title to any purchaser.

Currency - itself - should NOT have an intrinsic value

F.i. using gold in the exchange from cows to grain
the use of the gold merely adds unnecessarily to transaction costs and efficiency

using a proper piece of paper, is both more efficient and - way more - cost effective

the problem is not the piece of paper
the problem is a piece of paper that is part of a wicked scam

money (backed) involved in 'the purchase of title' seems to give more security
it is not - really -
the scam just needs an extra step
study a scam in the era of cold backed coin (with interest on the money supply, with involvement of a central bank)
it's there
and when such is, you are being had by the wicked, also then

a people that does not know it is involved in a scam

.. is a people of ignorant barbarity (I just cant help myself)

[Sabrina]

http://maxkeiser.com/2011/03/20/when...omment-page-1/

[Lord Sidious]

Posted by majapahit (here)

Posted by Lord Sidious (here)
I disagree.
Fiat currency has no intrinsic value and can't be considered to be consideration in a contract, therefore denying clear title to any purchaser.

Currency - itself - should NOT have an intrinsic value

F.i. using gold in the exchange from cows to grain
the use of the gold merely adds unnecessarily to transaction costs and efficiency

using a proper piece of paper, is both more efficient and - way more - cost effective

the problem is not the piece of paper
the problem is a piece of paper that is part of a wicked scam

money (backed) involved in 'the purchase of title' seems to give more security
it is not - really -
the scam just needs an extra step
study a scam in the era of cold backed coin (with interest on the money supply, with involvement of a central bank)
it's there
and when such is, you are being had by the wicked, also then

a people that does not know it is involved in a scam

.. is a people of ignorant barbarity (I just cant help myself)

And how do people get clear title to anything they purchase your way?

[majapahit]

Posted by Lord Sidious (here)
And how do people get clear title to anything they purchase your way?

it's a matter of trust
.. akin 'people trust the economy', 'people trust the currency'
it's a matter of honor
.. akin the ritual of purchase as per the eras of the past
it's a matter of a piece of paper
.. akin what is said in contract, dotted down for everyone to see
.. akin what is registered in the registry for everyone to know

it is supposed to be a handshake .. and an eye to eye glance

.. how unfortunate our present world
.. ruled by thieves and cowards
.. by the likes of Common Purpose

peoples an aggregate of the defeated, the defeated loosers

[Chicodoodoo]

Posted by majapahit (here)
.. we need the proper bookkeeper

I agree that fiat money could make a valid currency with the proper controls. Anything could. The problem is counterfeiting, and humans have yet to invent a proper control other than using precious metals that humans cannot duplicate. Even then, human ingenuity finds a way to deceive and corrupt. Money must have a stable valuation, otherwise it fails.

[Calz]

Posted by Chicodoodoo (here)

Posted by majapahit (here)
.. we need the proper bookkeeper

I agree that fiat money could make a valid currency with the proper controls. Anything could. The problem is counterfeiting, and humans have yet to invent a proper control other than using precious metals that humans cannot duplicate. Even then, human ingenuity finds a way to deceive and corrupt. Money must have a stable valuation, otherwise it fails.

Shifting gears a bit here ... what about taking the "path" suggested by Alex Collier and request "mentoring"???

If offworld races don't use money ... then why not get some ideas on what they *do* use???

Just an idea.

[Chicodoodoo]

Posted by Calz_Avaretard (here)
Shifting gears a bit here ... what about taking the "path" suggested by Alex Collier and request "mentoring"???

If offworld races don't use money ... then why not get some ideas on what they *do* use???

Just an idea.

And the correct path, in my opinion. I personally want a world without money, as I see the mixture of money and humans as the biggest detriment to our existence and continued evolution.

[Lord Sidious]

Posted by majapahit (here)

Posted by Lord Sidious (here)
And how do people get clear title to anything they purchase your way?

it's a matter of trust
.. akin 'people trust the economy', 'people trust the currency'
it's a matter of honor
.. akin the ritual of purchase as per the eras of the past
it's a matter of a piece of paper
.. akin what is said in contract, dotted down for everyone to see
.. akin what is registered in the registry for everyone to know

it is supposed to be a handshake .. and an eye to eye glance

.. how unfortunate our present world
.. ruled by thieves and cowards
.. by the likes of Common Purpose

peoples an aggregate of the defeated, the defeated loosers

There is no ''trust'' in the area of clear title, if you don't have it, you don't own it.
I don't know how you don't get this.

[majapahit]

Posted by Lord Sidious (here)
There is no ''trust'' in the area of clear title, if you don't have it, you don't own it.

Possession is nine-tenths of the law
is - even - taught in anglo saxon countries (& run by robber barons)

I don't know how you don't get this.

get that

[majapahit]

Posted by Chicodoodoo (here)
I personally want a world without money

the problem lies with others who not only want a world without money,
but then want to occupy your house, drive you sportscar, and drive your wife

also..
there is many a story around of very bad behaving offworld races
who want to impregnate women
abduct guinea pigs
and slave you around like a dog

so I advise to do the most obvious and is easiest to grasp for the many

.. get rid of the present banker class/illuminati & their prostitutes like David Cameron

.. a couple of ropes & and some bravery
.. why is this so difficult?
.. (don't ask )

[Ross]

I find it astonishing that any government can make this type of decision and announcement without first consulting the people.

Not so astonishing...really. Has been the way for eons...Never forget the "few rule the many" on rare occasions we get referendums on certian matters but often legislation finds a way of through regardless of what the masses want. Also you may find that this 'comment' is the planting of seed, as is often the case.

Ross