J O M T ...
I agree, but there is more to it then just the FEDs and the USA. Like the IMF and the World bank and etc. Makes little difference when all money is fiat / worthless. The newest fiat is the Euro. Trouble is, the control of the transfer, is in the wrong hands. Basically and I'm no economist, I see it like this - Such a thing as bartering for goods and services is too constraining, something has to act as a currency. You can have two types of currencies: - Fiat currency, which is simply an IOU, with no collateral, or a commodity currency, which is an IOU with collateral. In the latter currency, the commodity to be used must be a universally accepted collateral, capable of being stored in Central Banks, be of a singular grade, and be denominational. Items like cattle, sheep, chickens, lumber, real estate, coal, oil, etc, come in different grades, aren't static, and wouldn't store at Fort Knox. The only workable commodities are the precious metals like gold and silver. Paper Currencies - This allows the Non-Federal - Federal Reserves to expand the money supply at whatever pace they want to. They just print more money, and loosen credit restrictions. They charge interest and compound interest on fiat paper. It cost them nothing as they pulled it out of thin air. We pay taxes into private hands and if late, pay compound interest into the same private hands. A total scam. International Currencies - Their value is determined off the cost of similar goods and services in other countries. A small car that cost 12,000 in the States, should cost the same in say England. Currencies Float - China and India will keep their currencies low to attract business. Canada used to do the same thing and had lots of US business and Tourism was booming. Not so much now, since the Canadian dollar has been floated up in value. A photo center that will print photo graphic prints in India might charge $40.00 for 50 large prints, versus a Canadian or American one charging $150.00 or more. Then there is those Unavoidable Fiscal Time Bombs. Such as Consumer prices increase 1000%, Massive Federal Debt, Social Security, Medicare and etc. So, If the Federal Reserve tightened credit, (Like they did in 1929,) I'm betting we would see a worldwide economic collapse? They would have an excuse and they can create or dream up of plenty of those. Like an Arab terrorist attack weakened the economy, and that, coupled with 'Fiat money', might bring / cause a worldwide depression. Like I said before though, I'm no economist. I hear the those who own the World banks, are selling off much of their holdings. The question is - Why are they selling and who is buying all of it up? I don't need to be an economist to know something big is going on. I wish I was and maybe I could understand it all. Are we going to see another planned 1929 style crash? There is something going on with very large scale Gold sales and etc. If it is going to be like 1929, then we have some knowledge of how it might be carried out. Well, maybe it will go something like this. The big credit squeeze, the world economy will tank, and we will see the greatest wealth transfer in history. International bankers will blame fiat money, aggravated by some kind of 911 even or worse and will clamor for a 'One World Currency'. That currency will be commodity based, and that commodity will be gold. The price of gold is determined by taking the world's debts, liabilities, and money supply, and dividing it by all the gold in the world.
There is problem with that, as a lot of Gold is supposedly hidden in (some) private hands and no one really knows how much there really is. I've heard people say it is far from rare, but they want us to believe it is. Anyway, Gold could become just an equation, and its number could easily be $30,000 an ounce. If one needs to be rescued, and you have $30,000, than that's what a rescue might be worth. Like in 1929, Stocks, bonds, and financial assets will be bought for mere pennies. If a Country had good, honest and decent representatives, there should be no waiting for the international bankers to do anything. They should write off the debt, tell the bankers to piss off, print their own currency, control their own Feds, base the money on gold or silver and keep the international moneylenders out. If they drive their noses in again, then arrest them. There is no doubt that this would turn into a war and the bankers would place a price tag on the heads of their enemies. The representatives of / for the people would be forced to do the same. These representatives would need to be fully protected at all times. These international crooks have a plan and that is the end of the USA as we know it. Canada and Mexico also. Soon, the third World will be good enough for us, like they figure it is for others. Now, who is going to move first - The International Bankers or the people's non-elected Representatives?
It has come to the point of there being just one side, as they control both. As far as I can see, there is no way out, short of what I mentioned above. Not a pretty picture, but that is how I see it.