Seriously...
label me as a troll after this if you feel like it is necessary BUT hear me out first.
Okee Dokee.
Do you really believe the global economy...which pretty much survives off of the dollar is going to let America destroy the dollar...I mean in all honesty...think about it why in the hell would they let the whole system collapse...
They are trying to stop the collapse. Question is can they succeed. The correction must occur, as the malinvestment has already taken place. Creation of more access to easy credit will not solve it, it will prolong the contraction and likely make it much worse.
As much as I want to believe they want America to crumble so they can more than likely start the Amero I really don't see how and why they can pull this off right in front of our eyes.
It has already been 'pulled off'. We are now seeing the result of what they 'pulled off'.
70% plus are against the 700 billion dollar injection...so obviously someone is awake around here...how do you really think they could destroy our currency on purpose.
Again the destructive forces already moved, this is the result.
Now with that past us...yes the currency could be hurt from all of the wrong actions over the decades...but do you honestly think this was planned? I mean maybe at the beginning, but as time moves on people just accept what is already there...meaning they go along with "money out of thin air" not knowing how bad it can hurt us.
I personally believe it was planned.
So do you really think the people now are really trying to cause inflation and destroy an elite nation? Or are they just misguided? I'm leaning more towards a misguidance...
Banks are insolvent because of easy credit, unsound money, and the fractional reserve system. The only 'solution' the governments of the world can come up with is to recapitalize the banks. The government, since they fear letting the banks fail will inject them with capital. Since America is broke, they can only do this by borrowing more money or printing it. If they are simply misguided, that is maybe even more scary since it shows a lack of understanding of what is creating the bubbles that result from the misallocation of capital.
and this "invest in foreign countries" isn't really paying off is it? Glad people are finally realizing the economy is GLOBAL...and America is so strong that our collapse will cause disruption in the rest of the world as well...if they were so smart, why didn't the rest of the world realize we were destined to fall?
Who is saying 'we' were smart. It's either incompetence or treason, both scenarios are scary. Investing in foreign countries could pay off if more solvent countries stop trying to save the bankrupt country at the eye of the hurricane and simply cut their losses.
And yes I do understand Austrian economics and sound money...I study it on a regular basis, and believe it IS the RIGHT way...but we are so far down the road right now I don't see that happening AT ALL. Just being a realist...label me a troll if you think I need to be one...I'm on your side regardless, but I don't see how they could possibly let this economy collapse...considering how much of an effect it would have on the ENTIRE world.
good day.
Austrian economics is the way the natural free market operates. It isn't a monetary policy to adopt. Study of it should lead you to the conclusion that the actions of the Fed and other interferences cause distortions, via boom and bust, that over a long period eventually will be corrected regardless of the actions of the Fed.
My conclusion is that the collapse of the dollar is inevitable because of the inherent insolvency of the US. This is regardless of what 'the world' tries to do to stop it. Will a world-wide Crack Up Boom occur, I don't know. But the only real solution to avoid another great depression scenario is to return to sound money, get away from fractional reserve banking, shrink the size of government down to probably around 20% of its current size, stop fighting empire wars, etc.
Fat Chance.
As to your other posts. Yeah, as long as people 'trust' the US to infinity everything will be fine. But this is a fantasy. Most of the world hates us and our status as a superpower already.
The world and the US will survive a collapse of the US dollar. But we'll have to take our medicine eventually.
So being aware is only part of the equation. We have to effectively make them listen and act as civil servants. Part of the problem is realizing they are not in the position (for the most part) because they want to serve the public but rather most are on a power trip and reap rewards based upon which lobbying group they choose to cooperate with when forming government policy. Keep that in mind as you cast your votes just how they regard their position...
