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Author Topic:   The end of the dollar-based, Western-centric, monetary system?
SunChild
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From: Australia
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posted March 26, 2011 08:24 AM     Click Here to See the Profile for SunChild     Edit/Delete Message   Reply w/Quote
http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM369/PR

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“It’s an interesting thing. Seeing Kuan Yin relating to a flower so intently. She's not just looking at it; she's interacting with it…I’m seeing how the act of relating to a flower appears to be so simple. Yet, it takes a tremendous amount of courage to make such a “simple” act important. Now, the lotus is floating away.”

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jwhop
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From: Madeira Beach, FL USA
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posted March 26, 2011 09:48 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Well SunChild, IF you like the idea that the US economy must be destroyed, the US dollar must be destroyed and society must be reordered along Socialist central planning policy lines where all decisions will be made for "citizens" by government...then SunChild, you will be happy to hear that an associate of Barack Hussein O'Bomber and high official in the Service Employees International Union..SEIU is planning just such an attack. His name is Stephen Lerner and his plan involves an attack on American banks starting with JP Morgan, attacks on the US dollar and an attack on the US stock markets.

And why not? After all, the Socialist Worker's Paradises of the Soviet Union, Communist China, North Korea, North Vietnam and Cuba were/are soooo successful.

What's not to like?

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katatonic
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posted March 26, 2011 09:38 PM     Click Here to See the Profile for katatonic     Edit/Delete Message   Reply w/Quote
why is everything so black and white jwhop? why does the end of america as the focal point of the universe mean the end of america's economy? do you really believe there can only be one "big guy" and if things are spread out more evenly it is curtains for us?

is the schoolyard bully really the best of the best? or is cooperation between equally STRONG people/nations just possibly workable?

why are you so afraid of the working middle class anyway? of workers having a say in their lives? you prefer the chinese model, where we'll all wear uniforms and take what we're bloody well given and be grateful? do you actually think UNIONS made china what it is??

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iQ
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From: Chennai, India
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posted March 27, 2011 09:22 AM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
I think a fiat dollar collapse is great for Americans. Vast majority of Americans are in debt, their debt will get nullified. The ill-gotten wealth of those wicked capitalists who lobbied with corrupt officials will be nullified. Arms Dealers, Big Oil Companies, hidden Bernie Madoffs and Banks [if every ordinary American can understand the scam of the Fractional Reserve Lending System, it will be 1792 and real guillotines on Wall Street] will have their stolen wealth become Null and Void.

It will become a level playing field for stagnating American small businesses and those entrepreneurs who do not loot public money through inflated IPOs to build tangible wealth. American small businesses will be able to export all over the planet than just import low grade Chinese goods.
Unemployment can become nil thanks to the growth of small businesses and the end of huge MNCs.

Real value will be given to American workers, right now the wages are 1/4th in value in terms of Gold and Silver.

End of compound interest on capital and a return to the Gold Standard after elimination of compound interest, these will help the recovery. Compound Interest is another scam perpetrated on humanity. How can anyone be forced to pay extra for money that has not been realized?


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jwhop
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From: Madeira Beach, FL USA
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posted March 27, 2011 11:02 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
I think anyone who believes collapsing the value of the US dollar would be a good thing needs some time on a psychiatrists couch, or...perhaps some time in a padded cell!

30-40-50 years of hard work and savings up in smoke. The people farthest from the creation of dollars..or the "New Dollars"...meaning, those who "work" would be wiped out financially.

Yep, by all means let's cheer O'Bomber's buddy...Stephen Lerner and his communist revolutionaries on.

Hip Hip, Hooray!

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Quinnie
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posted March 27, 2011 11:11 AM     Click Here to See the Profile for Quinnie     Edit/Delete Message   Reply w/Quote
Sunchild 2012th post?

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jwhop
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From: Madeira Beach, FL USA
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posted March 27, 2011 11:20 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Is that an omen?

Everyone knows the world is ending on December 21st 2012!

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Quinnie
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posted March 27, 2011 11:23 AM     Click Here to See the Profile for Quinnie     Edit/Delete Message   Reply w/Quote
It's not an omen, it's a numerological occurance....highlighting synchronicity Even more so, because I posted at exactly 11:11 ...even though the time difference means its 4 oclock in the afternoon here.


Jwhop we aren't all conspiracy theorists here. We are challenging the information given to us. What do you think about the information given to us by the video shared by Sunchild? Does it hold validity or credence in your opinion?

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jwhop
Knowflake

Posts: 3138
From: Madeira Beach, FL USA
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posted March 27, 2011 12:30 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Yep, no conspiracy theorists here! Right, Check.

I saw this stuff before SunChild posted the link here.

This is a guy trolling for business. We've seen it's ilk before.

In fact, in 1978 there was a guy named Howard Ruff pushing the "coming collapse" and hyping his book...
"How to Prosper During the Coming Bad Years"

I actually read the book...and went right out and purchased pre-1965 US silver coins. I still have some of those silver coins in my closet.

But then, a strange thing happened. Ronald Reagan was elected President in 1980, reduced taxes across the board which got people back to work, increased tax revenues to the US government and reduced US debt as a percentage of US Gross Domestic Product.

Carter economic and domestic policy was history.

So, all one needs to see to know this current "Chicken Little...The Sky is Falling" rhetoric...is ADVERTISING is to view the "disclaimer" on the page. A disclaimer which is required by the Securities and Exchange Commission when a registered investment broker is touting an investment or investments.

Here, let me reproduce it for you.

LEGAL DISCLAIMER: This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility. Stansberry & Associates Investment Research expressly forbids its writers from having a financial interest in any security they recommend to our subscribers. And all Stansberry & Associates Investment Research (and affiliated companies), employees, and agents must wait 24 hours after an initial trade recommendation is published on the Internet, or 72 hours after a direct mail publication is sent, before acting on that recommendation. Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202

Another tip-off is the pop up screen which ensues when you attempt to leave the site and attempts to get you to stay.

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Quinnie
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posted March 28, 2011 01:04 PM     Click Here to See the Profile for Quinnie     Edit/Delete Message   Reply w/Quote
Jwhop......."This is a guy trolling for business. We've seen it's ilk before. "

I think you are right this time......The dude is a conservative after all

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jwhop
Knowflake

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From: Madeira Beach, FL USA
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posted March 28, 2011 02:53 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
"I think you are right this time......The dude is a conservative after all"...Quinnie

Says who?

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Quinnie
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posted March 28, 2011 04:10 PM     Click Here to See the Profile for Quinnie     Edit/Delete Message   Reply w/Quote
....The dude himself said it during the video

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juniperb
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posted March 28, 2011 05:14 PM     Click Here to See the Profile for juniperb     Edit/Delete Message   Reply w/Quote
quote:
30-40-50 years of hard work and savings up in smoke. The people farthest from the creation of dollars..or the "New Dollars"...meaning, those who "work" would be wiped out financially.

That`s how I interpret it.

------------------
~The Earth Laughs In Flowers~
... Emerson

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T
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posted March 29, 2011 12:13 AM     Click Here to See the Profile for T     Edit/Delete Message   Reply w/Quote
quote:
I think anyone who believes collapsing the value of the US dollar would be a good thing needs some time on a psychiatrists couch, or...perhaps some time in a padded cell!

30-40-50 years of hard work and savings up in smoke. The people farthest from the creation of dollars..or the "New Dollars"...meaning, those who "work" would be wiped out financially.


Agreed.

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jwhop
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From: Madeira Beach, FL USA
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posted March 29, 2011 12:53 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
I can't see any upside...for working people who save...in collapsing the value of the dollar.

Hello T. How's my favorite Taurus?

Quinnie, I was only able to sit through about 10 minutes of this guy's never ending spiel; so I didn't hear him say...I'm a conservative.

But, if you say so.

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iQ
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From: Chennai, India
Registered: Apr 2009

posted March 29, 2011 05:59 AM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
" 30-40-50 years of hard work and savings up in smoke "
It is already gone in smoke. When too many notes are printed than possibly backed by precious metals or GDP Growth, it is a sign of hyper-inflation to come.
Only the American blokes who saved up gold and silver have any value for their savings. Franklin Sanders has exposed the Dollar Bubble very well for years. Even investments in Dow Jones will give negative returns as they are still dollar backed paper assets.

Dissolve the dollar, forgive the debt and create a fresh currency backed by Gold and Silver, and maintain a proper forex balance.
That will take the American middle class and genuine entrepreneurs forward.

It is outrageous for one dollar to fetch 45 Indian rupees for instance. One dollar is actually worth 1 rupee or max of 3 rupees.

With correct valuations of dollar to rupee and yuan, ordinary Americans will prosper as they can sell their home assets in a few minutes to Indian and Chinese entrepreneurs.

Indians have like 2 trillion "real" value dollars awaiting investment in USA once reality dawns on the Federal Reserve. The unaccounted cash in India itself is worth 7-10 trillion rupees, imagine all that pouring into the pockets of Americans if the policy makers start using their grey matter for the people than the Elite Crooks?

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littlecloud
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posted March 29, 2011 07:41 PM     Click Here to See the Profile for littlecloud     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by iQ:
I think a fiat dollar collapse is great for Americans. Vast majority of Americans are in debt, their debt will get nullified.


This is my selfish reason for hoping for this.

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jwhop
Knowflake

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From: Madeira Beach, FL USA
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posted March 29, 2011 10:06 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
I think if you have visions of debtors chasing creditors down the street to pay off their loans with worthless "dollars", you're living in never-never land.

A much more likely scenario is a devaluation of the value of the US dollar over a weekend with contracts adjusted accordingly.

You'll wake up on a Monday morning and find your savings devalued 50-60 or 70% and everything you buy taking a big bite out of whatever cash you have on hand. Additionally, foreign goods...including food, will skyrocket in relative price.

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katatonic
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posted March 30, 2011 11:17 AM     Click Here to See the Profile for katatonic     Edit/Delete Message   Reply w/Quote
yes but when workers are starving and thus willing to take Indian wages at least the jobs will come home, eh, jwhop?

did you know that when the USSR collapsed the people "inherited" their state owned homes and kept doing their jobs with practically no money in sight? in fact, did you know that money is a fairly modern invention which has been subject to inflation since its inception?

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jwhop
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From: Madeira Beach, FL USA
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posted March 30, 2011 12:19 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Are you attempting to say the plan to collapse the value of the dollar, collapse the US economy and consign American citizens to serf status ARE planks in the Marxist Socialist O'Bomber's agenda?

If you are saying that, then you're on the first rung of the ladder leading to wising up.

**Edited**

Many things have been "money" through the ages.

Money is simply a medium of exchange.

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iQ
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From: Chennai, India
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posted April 01, 2011 09:17 AM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
Correct, Money is a medium of exchange, and the current "exchange rates" are a fraud perpetrated on American people. Once the dollar collapses, the local American economy will get hyper-stimulated.

Which sensible man does not want to buy a made in America product?

I do not know if you have ever held a genuine made in America product in your hands JWHop, but I pity the children today who play with Chinese trash toys. My 1978 Fisher Price toy is still looking better and working better than the best Chinese toy, even the new Fisher Price toys are trash.
Smart Indians here sneakily buy any American made Sofa Sets or furnishings they can get before the next one does so. The finish is just excellent, nothing local comes close.

And I cannot praise the machines. My cousin sent dozens of them, weighing hundreds of tons, some made in 1960s. They got lapped up in an instant across many States of India. I just threw away a 2010 Motor to use a "used" old American motor which is giving twice the performance.

If you are a patriot, you will just cry if you knew at what price this excellent equipment was sold for. 1/20 th. Even the metal scrap give 20% profit. They use only Titanium Alloy.

I can assure the American People in writing, given the correct exchange rate, each and every spare house for which they are suffering debt will be lapped up by Indians, at fair price, not foreclosure rates.

The Politicians have conspired to destroy the hard working American hands and small business entrepreneurs. It is a shame.


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jwhop
Knowflake

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From: Madeira Beach, FL USA
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posted April 07, 2011 09:35 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Here's another "offer" of free information from the very same Stansberry Research Co.

This one is different in that he's offering income derived from information contained in his "Not Free" monthly newsletter.
http://www.stansberryresearch.com/pro/1006TWPBLAVD/PTWPM438/PR

Like the one posted by SunChild, the advertisement goes on forever. I started it playing more than 30 minutes ago, walked away and as of this instant, it's still playing.

I'm sure that at the end, there will be a pitch for a subscription to the investment news letter...after telling you all the goodies you'll get free.

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AbsintheDragonfly
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Posts: 2194
From: Gaia
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posted April 07, 2011 03:42 PM     Click Here to See the Profile for AbsintheDragonfly     Edit/Delete Message   Reply w/Quote
I propose we start using cacao beans as currency...pay for your goods and if you like, you could eat them too.

Win win.

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