Currency Devaluation by Design?

[Signzit]

Actually the Fed must have printed more FIATs than the EuroFolks thus we're worth(less). $200 billion last week. The Fed fall guy asking banks to cut near-default loanowners some slack? When is the last time THAT happened?

Yeah, we could always print more than anyone else. The US dollar is the ICC backbone. Also until recently, the US dollar was how most of the world bought oil.

Now, many oil producing countries are/will be saying "NO" to US dollars for their oil.

So, see it like this, The World stops trading US Dollars for oil and the ICC stops using the US Dollar as it's backbone currency.

What do you think will happen?

 

[mordechai]

Yes, much of the dollars that have been printed (whether lit. or on bank balance sheets) is wrapped up somehow in making the oil flow.

Pretty soon, the Euro will be a killing word to the dollar in such matters.

Because then, all those dollars will go out into the open market to be traded back and forth on, and that will tank it relative to many other nation's currencies.

 

[nickcoons]

We obviously have a weakening currency, and that trend is continuing more quickly before it slows down. It's been talked about how this might be intentional, though I have another theory as to why that might be.

When a currency falls, it's bad for imports and good for exports, because it becomes more costly to purchase with a weak currency, but cheaper for other nations to purchase from us. Over the past several years, we've also seen a lot of productive jobs moving over seas. It's already been noted here that we used to produce nearly everything, and now we simply import it and consume, which puts us on the wrong end of the debtor/creditor relationship.

One possibility is that this is an attempt, though perhaps misguided, to bring those jobs back. If it becomes more cost-effective for us to not only make what we consume, but make more of it because we can sell it relatively cheaply, the natural reaction would be for us to increase production and return to the status of a producer nation.

 

[Truth Warrior]

Given 9/11, the fact that we are engaged in this never-ending war on terror, we live under the Patriot Act, & Homeland Security is in place, would it make sense for the US to purposely devalue it's currency to cause a depression? Congressman Paul has illustrated the self-destructive nature of our monetary policy many times, but gets nothing but the runaround.

Crashing the currency is a vicious way to destroy a country. There are three distinct phases in the response and reaction to stress displayed by large social groups:

First, there is superficiality; the population under attack will defend itself with campaigns, slogans and marches; this does not address the cause of the crisis and therefore does nothing to correct it, hence the crisis will persist. Is this not a perfect description of the Ron Paul Hope for America Campaign?

The second is fragmentation. This occurs as the crisis continues, the economy crashes and social order breaks down. During this phase gas, bread, & bank lines are common. Crime is widespread and panic grips the nation.

The third phase where the population group succumbs to the induced crisis and follows a maladaptive response (insanity, suicide, lashing out), accompanied with active synoptic idealism (looking for the silver lining) and disassociation (folks get loaded to cope).

People at this point are very easy to control. They can be rounded up, placed in camps and chipped like cattle. Are we witnessing a thinning of the herd to effectively manage before WWIII breaks out? What do you think?

Cui bono?

 

[Signzit]

We obviously have a weakening currency, and that trend is continuing more quickly before it slows down. It's been talked about how this might be intentional, though I have another theory as to why that might be.

When a currency falls, it's bad for imports and good for exports, because it becomes more costly to purchase with a weak currency, but cheaper for other nations to purchase from us. Over the past several years, we've also seen a lot of productive jobs moving over seas. It's already been noted here that we used to produce nearly everything, and now we simply import it and consume, which puts us on the wrong end of the debtor/creditor relationship.

One possibility is that this is an attempt, though perhaps misguided, to bring those jobs back. If it becomes more cost-effective for us to not only make what we consume, but make more of it because we can sell it relatively cheaply, the natural reaction would be for us to increase production and return to the status of a producer nation.

Misguided? At least; I got a 6th. grader that says, we are suppose to compete with 3rd world pay for those workers, Americans won't work for slave wages, so what import them?

How long will these imported slaves work for those wages? and at what cost, to our system of safety nets?

What about the self imposed unfair regulations on US products vs. producers abroad? and taxes on those US based firms?

We took 30 or more making this country inhospitable for business. Most Wages in this country are at least 40% of cost. So where's the give? Wages, our wages..

Even these current monkeys in office are smarter than that.

We debase our dollar to compete with China's lead painted toys? I don't think so. (and Yes, I think 20 years of our kids sucking on lead paint was planed and we know why, don't we?)

Back to the drawing board for you. I appreciate the, benefit of the doubt you give the US but to believe that theory requires that you abandon common sense.

 

[nickcoons]

Back to the drawing board for you. I appreciate the, benefit of the doubt you give the US but to believe that theory requires that you abandon common sense.

I think you missed something in what I wrote.

First, I wasn't trying to give the federal government the benefit of the doubt. If they are in fact trying to get jobs back here so that we're again a producer nation, they are going about it in an evil and insidious way. So I'm not trying to paint this in a bright life of happiness.

In fact, Americans will work for lower wages, so long as domestically everything costs less.. or rather, inflates more slowly. The concern is with what a dollar buys, not how many of them you have.

If our currency continues to inflate faster than wages (which that tends to be the case, otherwise no one would really care too much about inflation), then the cost of imported goods will go up. It will become financially beneficial to move production back here, not because Americans will work for less than they are working for now, but because foreign workers will want more dollars to compensate for the collapsing currency.

Right now, a job done in the US that costs $20/hour might cost $4/hour in a third-world country. If our currency continues to inflate, that $4/hour is going to surpass $20/hour pretty quickly, which means it would then cost less to pay an American $20/hour to do the same job that a foreigner won't do that cheaply. For this reason, the cost of imported goods will increase, and it'll again become less expensive for us to produce our own goods, likely even a surplus of goods that we'd end up exporting.

Again, I am not condoning this sort of policy, because I think this is the wrong way to go about fixing the "jobs lost overseas" problem. I'm stating that this is the logical conclusion of the track that we're on.

 

[Signzit]

Some believe it's simple market forces at work. Some do not believe that International monetary forces have influenced our government for decades, if not longer. If that's what folks believe, then their theory of honest men simply making bad choices over time, works only to point.

Many people believe the shadowy history of our dollar/tax systems, it's conversion just after the turn of the last century and how our entire system was compromised.

If this theory is indeed the possible plan, and lower wages is the dream goal; then $4.00 dollars an hour, will NOT make an $1,800 mortgage, it won't pay for an education, it will not pay for a single aspirin or even 2 minutes in a hospital bed. This must be an evil plan.

Wal-Mart will NOT save us! This Wal-Mart theory is just a stop gap.
Wal-Mart and China have allowed our standard of living to be maintained for now, only, while We, collectively, raise the standard of living for the entire world on the backs of our middle-class.

You are right, it's no big deal, we don't care as long as our standard of living is not disrupted! And you are right again, a dollar spent here is a dollar spent here, period! However it is the US dollar that is used by the BIS/ICC, so we can drag it down too? Therefore negating any advances over the last 30 years made by the third world on the backs of our middle-class and cajoled elected officials? This is regressive and a waste of money, they don't waste money, IMO.

So this, (and I'll be nice, correction) is actually a plan for another Great Depression in the USA, like the crash of 29. So let's look at history,

What happened in the 29 crash? International money folks came in and bought everything at $.50 on the dollar or less and crushed, smaller private banks, they could not buy, or force into their banking system. Their goal was (many believe) to implement the Federal Reserve, while simultaneously making a fortune, actually, from the whole world.

This lead to the 16th. and the sale of the American people into slavery, as the 14th. Amendment really didn't do what they wanted, cuz it didn't have a monetary component, other than land as assurity for foreign debt.

The plan also means, there has been a 180 degree turn around of thinking, that the plus 5 decades of devaluation of the dollar was a mistake.

Now our Government and or "They", are ready to scrap those plans, now that the middle class have suffered enough. Or is it a reversal of thinking? Maybe not...

Since these people make money on, both winners and losers, they really don't care who wins and who starves. They are making cash on the way up and on the way back down.

While We're down, by plan or not, we will make promises to them. Last time it was the 16th. This time it could be the country's Sovereignty, Itself.

Why conquer a people and maintain ground forces, when you can simply enslave the population, making them pay you tribute (I mean interest)?

We agree Nick: it's EVIL like you said.

 

[nickcoons]

If this theory is indeed the possible plan, and lower wages is the dream goal; then $4.00 dollars an hour, will NOT make an $1,800 mortgage, it won't pay for an education, it will not pay for a single aspirin or even 2 minutes in a hospital bed.

Of course not. But again, I don't think wages are going to decrease domestically, I think they will increase overseas. Now, it's cheaper to pay someone else $4/hour than it is to pay an American $20/hour. Later, there won't be the option of paying someone else $4/hour anymore.. they won't accept it when the currency inflates beyond a certain point. At some point, it will inflate so much that paying someone $20/hour here will be cheaper.

Perhaps the plan is more like this. First, create "free" trade agreements like NAFTA that get rid of our jobs, inflate the currency in order to say "look, we're bringing the jobs back", and then say, "oh, by the way, our currency is worthless now, that's why we're switching to the new Amero."

 

[dsentell]

Perhaps the plan is more like this. First, create "free" trade agreements like NAFTA that get rid of our jobs, inflate the currency in order to say "look, we're bringing the jobs back", and then say, "oh, by the way, our currency is worthless now, that's why we're switching to the new Amero."

. . . which we will be sharing with Canada and Mexico in the new North American Union . . . . .

 

[Luft97]

America has had a good ride, but it is time to realize that America does not deserve to have more than the rest of the world!!!

I do not agree with you there. Of course since we have allowed our government to let most of our good manufacturing jobs go overseas we are in serious trouble. They want you to think that way, this was very carefuly planned. All things are relative. Our standards of living go down because we funnel money away from the US and into other countries economies and raise the standards of living there. For those of you who say they have not increased the standards of living in China I think maybe you should look at China today Vs. China of 20 years ago. Big changes. All made possible by who?

 

[reaver]

On purpose? It's possible. Our current Secretary of Treasury used to be CEO of Goldman Sachs; Which has quite a few former employees new in the government since he was sworn in, their stock has benefited since Henry Paulson was nominated, and they have had employees arrested for insider trading since he's been confirmed by the senate. Convenient if one bank collapses and this group ends up just sooo ready to take its place...

 

[Signzit]

I do not agree with you there. Of course since we have allowed our government to let most of our good manufacturing jobs go overseas we are in serious trouble. They want you to think that way, this was very carefuly planned. All things are relative. Our standards of living go down because we funnel money away from the US and into other countries economies and raise the standards of living there. For those of you who say they have not increased the standards of living in China I think maybe you should look at China today Vs. China of 20 years ago. Big changes. All made possible by who?

This, I suspected but our media is such that I wouldn't know truly, if China's absolute stellar raise, from oxen on dirt roads, to what China has become today is a result of the American consumer or just China selling lead paint to the world. I don't know, they could and have and will tell us anything, we'd have no way of knowing different.

Yeah nick you're prolly right again, with the Amero too, they will threaten Sovereignty but unifying the currencies is the goal, what's the hurry.. http://www.cfr.org/publication/14534/

 

[raiha]

JohnnyCrab, I have just listened to Dr Stern's Fear and Subversion lecture to the CFR. Am i to extrapolate from the questions asked the speaker, that you would have us believe that the the members of the organization who asked the questions, were doing so in order to find out how to take over the Universe a la Adolf? It feels like a bit of a stretch but i am not quite as primed to recognize the conspiracy factor as evidently others are here. Or am i missing something vital?

 

[Signzit]

Hello...??

Connie Fogal, leader of the Canadian Action Party speaks on control of the money supply in the new world order.


http://uk.youtube.com/watch?v=8yL-e60klAU