http://video.google.co.uk/videoplay?...28664569048062

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I hate Alex Jones. I saw him on Penn and Teller on the 9/11 episode. He might just be one of the biggest reactionary twats i've ever seen.

I'll give the guy he's interviewing a chance though.

Yea just listen to what the other guy has to say, and let me know what you think.

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Ok, so they start off by saying that we need a measurable unit to balance our economy and currency against, saying this could be anything. They then go on to talk about how important Gold and Silver were. Maybe i just don't get the problem, or i'm not paranoid enough to fear the Rothschild's and Rockafella's of this world, but saying that a dollar is just a unit of debt seems very dubious.

I'm afraid i stopped watching after they said that the only reason the US and UN are worried about Iran and North Korea etc are that they aren't part of this world banking system.

It might just be that i don't understand the problem, but frankly i can't see a problem with what they're saying. If it's that there's always a controlling power in the world banking, going back to Silver and Gold money won't change anything, as "they" would simply be able to control the price of those materials, as after all they're just metals, with no defined value.

And his opening statement of "99% of all the worlds problems would be solved by going back to a Gold and Silver based economy" just smacks of over-simplified idealism.

What did you think of it wood?

I haven't watched it, but reading Higgeh's post made me lol.

Changing the name of the currency used in the economy wouldn't change a damn thing, fixing the underlying problems is what's needed.

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http://lern2play.mine.nu/ !

Looking into it a bit more they same to have a problem with Fiat Currencies.

This apparently gives the people in charge an unlimited supply of money, which i suppose it does in a sense, but you'd hope that there are enough checks and balances to assure that anyone actually wanting to abuse this system will have a hard time doing so.

The fact that they seem to honestly belive in a NWO worries me greatly.

Bahaha, I've only done extremely basic economics, and even I can see that this is just a plonker trying to sell his latest crazy idea.

Money is a man-made mechanism. NO WAI!

Yes Wai!!!!11!!!!!!

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Bah I made a long post but wasnt logged in, and lost it.

O well wasnt really worth reading.

From watching this video, and others, I would have to agree with what this guy was saying.

I think you can only inflate money for so long before it becomes worthless.

They're making money out of thin air. Then look how much money they have gave Bush sisne his time in office. Hes sent the American debt into crazy figures. I remember the depression after the last gulf war, and that only lasted a few months.

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Changing the name of it isn't gonna fix a thing though.

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http://lern2play.mine.nu/ !

It's just like me making money from nothing and saying here Higgs, take this money and go buy the house you want.

Then when the depression hits, I take back the house you cant afford to pay anymore.

All from nothing, thin air.

You only got to look at the banks, and see how they're trying to force money on people now. I remember years ago how hard it was to get a loan.

A few months ago there was a show on bbc 1 or itv, and a top bank manager from one of the big banks in London spilled the beans. Maybe you saw it?

One guy killed himself over debt. Another guy was a janitor of a school, and earned like 20k a year, and they was giving him gold cards, platinum cards, the works. Even when he didnt pay his debt for so many months, he was still getting letters offering him more loans. In the end he was getting loans to pay back his first loan, it started out at 1000 pound a month, and went up to 5000.

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America has printed over 1 trillion new dollars in the last couple of years.

That is what has devalued the dollar considerably.

Also, in the big picture, America has been bailed out by Japan/China, who purchased billions of dollars on the open market to keep the dollar price from falling over the last 2 years.

They cant keep doing it though, so the dollar started to fall around march this year.

Since then, because its falling japan/China want out of its dollar stocks, obviously.

China has swapped it for US government bonds, Japan, howwver, are offloading dollars and buying mainly British pounds.

That has the effect globaly (beacause of the large volumes) of lowering the dollar even more against the GBP.

That is why the dollar is losing value. Nothing to do with what its made of.

Thats pretty much what the guy is saying. Printing money with nothing backing it up.

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Yes.

But the point is, how would calling money something else make a difference?

You cant have a finite amount of money , because there are more peopl eevery year, and each needs their share, so you cant restrict it to a finite substance.

In effect, gold , silver, and other commodities are used as currency by investors.

Gold , for instance, has already risen around 35% in the last 18 months, silver slightly more.

The real problem is this, what would he do when inflation causes a global need for 1 million more tonnes of gold currency, and there is onlu 900k tonnes left in the ground?

Sometimes you have to print more money, it isnt good, but it is necessary, the US , for instance, is on the cusp of recession, lead by a housing price crash.

It may be avoidable.

It wouldnt have been without the extra printed money though.

I counter your selective quoting with mine.

Good day, Sir!

The guy said changing the name wont help, or making a new currency like the euro, might seem like its helping in the short run, untill they start inflating it like the dollar.

I see you point tho about more people, needing more money, and having a finite amount of gold/silver.

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Oki taking into account more people need more money.

Doesnt just creating more money from nothing devalue the rest, and stick these people in debt, they cant afford to pay?

So in the long run they're no better off.

Just seems like a short term soultion, but in the long run, something has to give.




Taken from here.

http://mwhodges.home.att.net/nat-debt/debt-nat.htm

America has become more a debt 'junkie' - - than ever before
with total debt of $44 trillion - - with the highest debt ratio in history.

That's $147,312 per man, woman and child - - or $589,248 per family of 4,
$44,312 more debt per family than last year.

Last year debt increased $3.5 Trillion, 5 times more than GDP.
Household debt soared 12%.

Can the production of debt forever replace the production of goods and savings?
Can Americans forever borrow their way to prosperity?
Easy Answer > NO WAY !!

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Just get rid of all money and live in a Star Trek-esque utopia.

Communism 4TW

Ofc, I'm not gonna be a bin man or anything like that I want to be a pilot or summat.

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Cheers,

Ratel

Captain, im giving her all shes got.

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Yes, printing more does devalue the dollar. It doesnt, however, put people in debt.

The issue of America's property and consumer boom of the last 5 years being debt fuelled is well known, and very complicated in its reason, when I work these days, I trade the worlds commodity/stock and money markets, Ive studied the economy in the US, its relationship with the other world ecomonies for years, and I still do not fully understand all the details of how they got into this mess.

Suffice to say, simply stopping printing money is not a fix to the situation, the reliance on oil revenue, huge defence expenditure, trade deficit, and the willingness by the Fed bank to allow the economy to be propped up by hugely overinflated house prices and ridiculously over the top borrowing against that property is what has lead to this.

Its also a global affliction. We in the UK are just as fuelled by debt, hence my comments last week about a likely house price crash once inflation forces significant interest rate rises, Australia, and most of the European mainland also are suffering similarly.

Uk bankruptcy rates this year are 4 times higher than they were at the peak of the last big recession we had in the late eighties.

At the same time, however, stock markets, certain commodities, like Gold, Platinum, Silver and of course Oil, are at 5 to 10 year highs, and the 'feelgodd' factor from thos figures is whats keeping everything going.

The driving force behind net lowering of wages (which is one of the main reasons the debt bubble exists) in the developed countries is the globalisation of the labour markets.

By that, I mean the ease which multinationals can simply close down production facilities in countries like the UK, US and the EU, where legislation and labour rates are high, and move to so called third world countries where legislation is less harsh, and labour rates are up to 1000% lower, is one of the more significant reasons for the current situation.

That is because communication and mechanisation have come so far, technology is what enables it all.

None of that has very much to do with the supply/demand of dollar currency.