Comments on: Driving a Fiat Currency into a Tree

By: Engineer

Engineer — Sun, 06 Sep 2009 02:45:19 +0000

Obviously, if you print and distribute an infinite supply of money its value will go down. But I think there is still a need to print money, and the need doesn’t vary with gold supply. As world population grows, more people produce and consume goods (trade volume increases). Also, durable goods are accumulated faster than they are lose value, which means the total value of goods in the world continually increases. If the amount of money in circulation does not increase, then prices will go down dramatically. The amount of money in circulation must increase just to keep prices the same.

Maybe this is simplistic, but no more simplistic than saying that we need to limit the supply by tying it to gold. The supply should be limited based on how much is produced and consumed, instead. Gold, IMHO, should not be as a currency anchor, but a commodity, like oil.

By: Sprite

Sprite — Wed, 02 Sep 2009 07:45:20 +0000

Okay,
Bernenke IS stupid. I’ve seen him try to speak and let me tell you, he can’t even answer the simplest questions that ANY FOOL could answer. He always thinks there must be a second part to a question, or a trick to it, or maybe he’s really on drugs.
And there IS an ulterior motive to destroying the dollar. It IS an effort to have corporate controlled one world government as envisioned by President Bush I, another idiot.

Mogambo, you have it right, but we don’t need pitchforks. We the people just have to STOP ACCEPTING the funny money from the Fed as any form of legal tender, because it’s not. If people refused to accept fiat paper money, the government would have no choice but to get back to gold and silver. The people are the only real power in this country, they just have to be enlightened as to how they should USE their power.

By: InvestorEngineer

InvestorEngineer — Wed, 02 Sep 2009 00:18:32 +0000

Is there enough physical gold and silver to divvy up between the world’s population today? I suppose there will be after TEOTWAWKI, when and if, but now? That’s the question my Dad keeps asking me when I try to get him to see the wisdom of Mogambo and it has me stumped.

By: JMR alan Greenspan

JMR alan Greenspan — Tue, 01 Sep 2009 15:46:21 +0000

The myghty mogambo knows that this insanity (fiscal and monetary) is aimed at destroying the US. It is orchestrated by a supranational elite composed mainly of bankers, big miners and oil companies, who wish to bankrupt USA and the world economy with it, so that they can by everything at discount prices all over the world: resources, arable land, water deposits, oil, etc. This is not conspiracy theory, just put 2 and 2 together and use your brain. The writing is ALL over the wall… (how about the 3rd tower in 9/11 that colapsed without being hit by a plane?? Try explain that for a start…)

How i pity poor manking…Dark ages await…

By: I. L. Moonya

I. L. Moonya — Tue, 01 Sep 2009 15:01:21 +0000

It is naive to think that the decision made by the Supreme Court in 1933 was made by idiots! Or that the people running the Federal Resever are stupid!

Their actions were done deliberately!

These people serve the elite.
The question you shoud be possing Mogambo is… “Why are they doing this? What do they expect to achieve by destroying the dollar? Is it just creed? Is it just corruption?”

Or is their another motif altogether…such as a process of destroying the dollar and the U.S economy to bring about an Elitist World Government?

By: JMB beachcomer

JMB beachcomer — Tue, 01 Sep 2009 11:31:53 +0000

seems to me the audit the fed won’t be allowed to happen.National security issue.The Federali/morgan/goldman/fed rez/military-industrial/corporate oligopoly gummint of the usa just aint gonna let it happen till they crash and burn.Then…they’ll hold a highly paid enquiry. trade the trend.
(disclosure: i am not an american and I have no pecunary interest in america)

By: Peacesix

Peacesix — Tue, 01 Sep 2009 02:00:09 +0000

Well said Mogambo!
Silver & Gold will shield our wealth…..but what will shield us from the tyrannical, over-intrusive, ever-controlling government?
Maybe its time to export ourselves along with our wealth…. while we still have it!