posted on Mar, 6 2010 @ 09:35 PM
There isn't enough gold, silver, platnium, or any other metals like copper or palladium or even diamonds... for just only the USA to back its
minted money by even 10%.
The problem is that the high risk gamblers in the top 12 banker/financial houses... are creating more than $10 Trillion of unregulated, unsecured,
worthless 'paper' each year in a continuously growing mountain of risky debt and riskier counter-party debt...(which is being backed by the American
Taxpayer at 100 cents-on-the-dollar, guaranteed)
I have read that there are over $240Trillion of these derivatives and junk-'bonds' and other exotic forms of paper/money.
The Main Street America community can most likely fashion a several Trillion $ supply of minted money, for the mainstream, work-a-day economy.
But it would be impossible to bring in the gambler suited fiat money markets into that kind of world.... just like MainStreet cannot survive
the distortions which WallStreet creates....theirs is a abstract world of
imaginary FED reserve notes, power plays, with the goal of being the last man standing.
let the bankers, brokers, hedge funds, operate in their magical worlds of finance and intrigue, but pay off each other with whatever funds they have
to back up their risky ventures...
it was both immoral and unethical for the 3 stooges (bernanke/paulson/geithner) to blackmail or strongarm the congress & the administration, to
bail-out Goldman Soks et al. with taxpayer monies.
cut off the illuminist banksters from the MainStreet pursestrings, that is the only way to create a strong, asset backed, minted money,
And let the WallStreeters have their Fed reserve notes/fiat money
to exchange endlessly among theirselves !