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Strategies & Market Trends : The coming US dollar crisis

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To: GST who wrote (19518)4/7/2009 4:37:55 PM
From: benwood2 Recommendations  Read Replies (1) of 71456
 
You are correct that this is just the politicians failure to do what is right.

That is, voters were not given a chance, e.g. with the 90% against ratio with the Paulson robbery last fall.

However, I do not believe voters *would* do what is right economically, regardless. Yes, we should be given *another* chance to shoot ourselves in the head, but frankly, that's all I've seen voters do for my entire lifetime.

We live with a system in which our Congresspeople are there to give us as large a piece of the Federal Pie as possible. We, as a people, very rarely elect those who preach fiscal responsibility.

I take back the 'in my lifetime' bit -- there was the push for a balanced budget amendment in the 70s I think it was.

In effect, we've put people in power that promise something for nothing, e.g. the bridge to nowhere. It's no surprise that the sort of people we've put into office can tell us that there is no cost to We the People of the bank bailouts. Thanks to the time lag in recognition, when the dollar craters, most will not figure out that it was our reckless fiscal policies (and corruption, fraud, duplicity, war, over-entitlement) that created the mess, largely because most people will still be glued to the corporate media outlets and will get the syrup journalism version.

However, and this is a big however which the gov't is preparing for with it's FEMA internment camp preparation, there *will* be a day of recognition where the charade ends. It may be when gold is confiscated, or our IRAs, or our pension plans, or when the dollar drop creates a real inflationary rate in the 20% range.

Other preparations to that end: gps tracking of all vehicles in the US, snooping of all e-mail, internet visits, credit card purchases, all phone calls (all international snooped on, and I now assume all domestic as well). How long before cash is outlawed as the currency of the traitor who strives to hide his tracks?
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