Originally posted by yuppa
Its only fair if its on equal footing. Chinas currency is artificially manipulated. If they were playing fair then there would be no problems.
Fair? Equal footing? Artificially manipulated currency?
No wonder the citizens of other Countries think U.S. citizens ("Americans" for this post) are nincompoops. It's because Americans are, on the whole,
so fully ignorant of what is going on and then, to add insult to injury, they're arrogant about it. And, YES, I'm an American citizen. And I am
mortally embarrassed right now. There's the overused "Too busy watching American Idol or Dancing with the Stars,' cliche but, in this instance, it
be more appropriate because that is exactly what has been going on here - it's just been going on for over 50 years.
I don't want the citizens of other Countries to think I'm an idiot. I want them to know that at least a FEW Americans understand what is going on and
we don't like it and we sympathize fully with them.
This is going to be a bare skimming, so it will be incumbent upon anyone uneducated on this subject to educate themselves starting with what little
information I provide in this post. I'll try to explain this as best I can but please educate yourself/ves on it.
In 1971 Nixon dropped the gold standard for our dollar. What does that mean? It means our dollar is worth what our government says it's worth. In
other words, our "dollar" is worth a "dollar' because you and I agree that it's worth a "dollar."
In 1973, the term "petrodollar" was adopted for use in how crude oil was purchased. Look that up really thoroughly.
Now, pull any denomination bill you might have on hand out and look at it. Study it hard. What does it say across the top? It says "Federal Reserve
NOTE." In 1913, the Federal Reserve (a PRIVATE bank that no one is allowed to know who owns) got permission from Congress to print our money. Prior
to that, only Congress had the right to "mint coin." Don't you just wish ol' Woodrow was here now?
Here is a 1902 $5 Bill
- have a
careful look at that. Compare it to what the bill you hold in your hand.
Now look at a 1934 $10 bill Silver Certificate.
on 'larger image' so you can get a good look at it. What does it say across the very bottom? "In Silver Payable To the Bearer On Demand." You could
trade it for actual silver!
You know what? Just go read this page.
Make SURE you notice this part:
"In the old days the govt would simply print up a red seal $100 United States Note for 4 cents and spend the money on something it wanted. Not
anymore. Today, the Federal Reserve gets to produce the $100 Bill for 4 cents and then sells the $100 Federal Reserve Note to the US Government for
$100 Face Amount.
Notice that? The Federal Reserve spends FOUR CENTS and SELLS it to our Government for FACE VALUE. It's not money. It's instant debt.
Americans wail about gas at $3 a gallon, scream at $4 a gallon and nearly had strokes when it looked like it might go to $5 a gallon. Well, here's
how it works in other Countries and this is WHY all the damned wars over in the Middle East despite ANY other b/s reason spoon fed to the American
People all around the world (even Canada!) pay anywhere from $6 to $10 per gallon for the very same gas we buy. Why? Because FIRST their governments
must keep "X" amount of OUR currency on hand. THEN they must convert their currency to OUR currency and use OUR currency to buy crude oil. Most of
them lose heavily on the transaction; however, they must THEN convert it BACK to their currency when they sell it as fuel, losing more money in that
conversion. How's that for fair?
What do you sign when you finance a car, a home, a boat or anything else that indicates your promise to pay the money back? You sign a NOTE. Connect
any dots yet?
Every U.S. dollar bill floating anywhere in the world is NOT money. It is DEBT. Our bartering system is based on DEBT. There is NO money - it is
ALL DEBT. You earn debt. You pay your debts with debt.
Our government forces other Countries to buy OUR DEBT in order to purchase crude oil. Why do you think Gaddafi was taken out? Because he was uniting
the Countries of Africa under the gold Dinar - a gold backed currency AND he had said he would sell to other Countries in THEIR own currency rather
than making them purchase our DEBT.
Don't get me wrong; I love most aspects of what the U.S. was. I do NOT like how the U.S. came to be, but it became something great in the world. It
WAS a fair system for just a little bit - mostly that period between the outlawing of slavery and the entry into global politics with WWI.
edit on 26-7-2012 by SeesFar because: typo; probably more of them; sorry