posted on Jul, 26 2008 @ 03:55 PM
reply to post by Cyberbian
The mint has already "pulled dollars out of thin air". The value of the dollar has gone down, population has gone up. There is more money
circulating now than metal to back it up, a ploy to strengthen the economy a few years back. I wish I could remember the newsreel clip, maybe it was
Lehrer that reported on this?
Look at the financial mess the banks are in right now with mortgage companies. The government is bailing them out with funds they are pulling out of
thin air, plus still financing the skirmish in Iraq. Not to mention the Social Security programs and welfare programs supporting people who cannot
work or refuse to work. Where is all the money coming from?
My grandfather had a couple of one dollar silver certificates that looked similar to a dollar bill. When my uncle took them in to cash them, they
were worthless. Apparently, the government had issued some kind of a recall of these certificates quite a while ago. To get the certificate, my
grandfather gave the government a piece of silver some time after World War II, at the time worth the dollar. Now he gets nothing.
A dollar is only worth what you or I can do with it, which is becoming less and less. I think I will see the dollar become a worthless piece of paper
during my lifetime, like my uncle saw my grandfather's silver certificate become. Remember when coins were minted with precious metals? A dime was
worth 10 cents in silver. Now look..
FDIC protects itself with the loose language, "as soon as possible/reasonable" and like all official government documents, open to interpretation.
Next day, is currently possible but so is 99 years in the event of a national crisis. Specific language will never be used in anything to do with
money, insurance, religion, or the law! Unless, of course, you are found guilty of something. The punishment is detailed, direct and matter-of-fact.