Im not arguing with ignorance, I KNOW what Im talking about,, NOT ONE Dollar is created that doesnt come with a burden of debt,

Pine wrote on 07/30/13 at 10:33:19:


That is how the feds have been doing it of late. Not how the system is setup.
And those on dole are fixed in come ... They get bitten by it.
It affects those of us able to negotiate our wage (as in the ability to quit and get a higher paying job) a lot less.
I was @ a job last year that I agreed to do for some amount. The recruiter said there was someone doing that job for 18 months for 3/4th of what they were agreeing to pay me.
I quit a couple months later for a permanent job paying 15% more and better benifits.
The replacement for me they were offering 12% more than I was making.
That = inflation. It usually helps people who have their arms free to negotiate their wages. Dole is not.
Fed is saying inflation is likely ... they however were afraid of deflation over the last few years.

Deflation is far more damaging than inflation. Of the order of 10 X ...

Cool.
Srinath.

There is no 11th dollar.


--Steve

The euro is just as poorly done as our dollar. the socio-economic upheavals they are seeing are the result of policies that create $$$ from nothing, just like our central bank, The fact that more than one natiuon shares the currency doent un-do that.

That youre wrong, again, & disagree with me, again, only comforts me, because when you say Im wrong, I feel better, because your understanding of economics is so poor.

I mention Greece because their policies have created unrest. OUrs are on the way there. America is in TRouble,, BIG trouble.. Are we gonna see a slow slide or a crash? Thats the only real question. The answer depends on so many variables & so many people ( nations) have Dollars they dont want to see evaporate that theyll work to prop it up, Then theres the REAL power structure, wealthy beyond measure, beyond the wealth of nations, the Rothschild & friends conglomerate. Its hard to say whats coming & when, but, THIS I will say

We will not see an economic recovery. OUr unemployment rates will not go back to pre 2008 levels. OUr manufacturing/exports will continue to shrink, debt will rise, how fast? Who knows, but I see no policy change that would change these things.

IN order to print a dollar, WE, America, ASK for it to be printed by The Federal REserve.
They print up a T-Bill & sell it. It has a maturation date & will Pay the Purchaser a profit. Someone has to pay that difference,, NOw, who do you think is on the hook for that? Not ONE dollar is created that doesnt cost the People that dollar + INterest.
YOU cant go to the bank & get $$$ w/o paying more than that amount back.
America sold its sovereign right to create its own money in 1913.
Libya, Iraq? THEY were not using that system. THEY were sovereign.
They were rocking the boat. They were gonna stop using the Dollar for oil sales. THEY were a threat to the power structure. Look at what life was like in Libya. 1951, Libya was THE Poorest nation in Africa. LIbya was the Crown Jewel of Africa before His People rose up against him,, COFF COFF.

Who watched that video? His people LOVED him,
If nothing else, go to 50 minutes in & watch 8 minutes. OR, believe CNN, or Fox, or whichever Owned & Operated by TPTB bunch of liars.

justin_o_guy2 wrote on 07/31/13 at 07:55:29:


Yea, Greece's policy of austerity has created Unrest ... austerity ... aka what the small governemtn TEA baggers want ... not what we have now, and not what Obama will do if the TEA baggers aren't choking him @ every turn. TEA baggers want us to be the next greece and will do anything to create that. Obama does not and will stop them if he could.

Word for word, everything in your post is bass ackwards.

Cool.
Srinath.

Treasury is not allowed to print a dollar unless a T bill or some other instrument has been sold., IM DONE, YOURE Ignorant of the FACTS,
Not One Dollar can be created that does NOT create a debt, Period.
Ive spent lots of time on this. Im not guessing, Im not using what Ive been told by people I like. Ive read how it works, Ive watched videos, I KNOW what Imm talking about,