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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: shag007 who wrote (14729)11/20/2008 6:00:33 AM
From: Don Earl  Read Replies (1) | Respond to of 71456
 
RE: "Would you agree that interest rate policy and quantitative easing contribute to that stealing?"

No. Those are little more than visible symptoms of a system that has been suffering from endemic corruption for a very long time.

Try out a hypothetical situation. Imagine a place where the people have been oppressed by tyranny - taxes are high, the government is powerful, and the people are subjected to constant abuse by government empowered thugs. After a prolonged period of oppression, the people revolt, overthrow the government and form a new government of their own. They've seen first hand the kind of abuse that results from unrestrained government power and set out build something better. They say they want a government, with very limited authority, that can get no bigger than the people's willingness to finance it. They say they will pick people to represent their interests, who will be responsible for keeping taxes low, protecting the rights and interests of those they represent, and restricting what the government is allowed to spend and what the funding is allowed to be spent on. They say the only store of value the government will ever be allowed to recognize as money is silver and gold.

Think about that for a minute and get a clear picture of it in your head. Now try to imagine a situation where that kind of set up would ever require rate policies and the like to make money appear to be more or less valuable than it really is. If you are able to come to the conclusion that such a situation is impossible under that kind of system, you shouldn't have any trouble figuring out how money is being stolen, and by whom.