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

To: Tommaso who wrote (38903)	6/6/2011 11:02:05 AM
From: Real Man	2 Recommendations Respond to of 71479

A valid argument. "John Maynard Keynes, who had argued against such a gold standard, proposed to put the power to print money in the hands of the privately owned Bank of England. Keynes, in warning about the menaces of inflation, said "By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some"." en.m.wikipedia.org Wiki has an excellent summary. Will the gold standard return after the current global crisis of Keynesian economy and reserve dollar currency? That I don't know. I do know we have not yet seen the worst of this depression. A return to gold standard should be preceded by a thought process, such as economists acknowledging failures of Central Banking (Keynesian approach) and arguing such return is necessary. Gold standard makes central banking obsolete, or vice versa, the mere presence of a central bank will work it's way to make gold standard obsolete. That is because all central banks really do is print money -g-

To: Tommaso who wrote (38903)	6/6/2011 11:13:40 AM
From: John	1 Recommendation Respond to of 71479

Excellent points, Tommaso. It would not surprise me if the United States eventually passes very draconian laws and implements very severe austerity measures, accompanied by a new, devalued currency that is trackable with RFID technology. Alternatively, currency could be entirely replaced with electronic credits that must be approved for personal use by a world government for each transaction. To lawfully eat, one must first register. -ng-

To: Tommaso who wrote (38903)	6/6/2011 12:58:58 PM
From: carranza2	2 Recommendations Read Replies (1) \| Respond to of 71479

I wish it was in my power to recommend your post more vigorously. It sets forth exactly what I think but had not articulated. Any investor worth his salt should be aware of the thoughts you expressed so well.

To: Tommaso who wrote (38903)	6/6/2011 6:42:36 PM
From: Sawdusty	Respond to of 71479

Excellent post.

To: Tommaso who wrote (38903)	6/7/2011 8:56:26 AM
From: westpacific	3 Recommendations Respond to of 71479

The United States cannot allow new revolutionary governments outside our control to replace current regimes with political leaders which could threaten the dollar, our national debt and the US economy. If this becomes a risk, I fear the US military could be ordered to intervene and do whatever is necessary to either prop up or install new governments that will still continue to price oil in dollars. Frankly speaking should this situation develop, this may actually be the only way to defend a collapsing fiat dollar regardless of my personal views against military intervention. Washington has successfully in the past chosen stability and tyranny in the region over the Arab people in the streets and now we are going to pay the price through the unintended consequences of our foreign policy in the region. This foreign policy failure when combined with Washington and Federal Reserve economic policies could be a lethal combination for the United States as well as the future of our children and grandchildren. thedailybell.com --- Dollar Fiat can only remain as long as oil is paid in such... The above really hits home on the ongoing in a very good way. And it is why recently The President is being given greater and greater war powers to do so! Could we see outright military action to control resources, Libya was for sure the first action is this plan...how does Russia or China react should we get to such point! West