Bye Bye Dollar

[Sundance3]

I have said before that I thought eventually the criminals running this country would eliminate the dollar and create a new monetary system combining the United States, Mexico and Canada, I just did not know how they would get Americans(real and pretend) to accept the new phony money.

This is it, they are doing it now. With all the debt, printing of money,and countries dropping the dollar as their reserve currency, inflation HAS to happen. The debt levels and deficits are going to cause runaway inflation that will make the late 70's appear as the good ol days of stable money. If inflation hits 25-50% or more per year, a majority of people would accept whatever remedy the Federal Reserve bankers offers up. Just as during the great depression, The Federal Reserve will create whatever level of hardship required to get the people to cave in. And I suspect it will be easier than what even the bankers think. I think over 50% would not have a clue as to what it is to be an American, so how can they act like and American or do what is in America's best interests?

http://www.breitbart.com/article.php...show_article=1

[Kennybear]

You can thank the runaway Federal Deficit, fueled by unneeded, and unwanted,(at the time) tax cuts. Start with Reagan and his tripling of the national debt, which coincided with the amount of tax cuts for the rich. GW Bush did the same and in the same ratio/proportion. The increased debt = amount of tax cuts for the richest 5%.

Then thank the borrowing of money, to run this country, from the Chinese Communists. The Chinese are also putting together a consortium with 12 billion (minimum) dollars to buy up our 'depressed properties.

Then turn your attention to the so called 'Free Trade', which took us from the world's biggest creditor nation to the world's biggest debtor nation. Again, you can thank the trade policies of the Republican administartions. And don't start on the "Clinton signed NAFTA routine." Yes he did, but it was negotiated and signed by G H W Bush and merely ratified by the houses and signed into law by Clinton.

Our citizens are now being forced to compete with 3rd world countries for the jobs and resulting wages. Look what that's caused. We aren't used to living on rice, beans and soup. However, have you noticed the people running our corporations are now making more than they ever did? And continue to increase their own pay and benefits at a phenominal rate!

The only solution? It would not be acceptable to the citizenry of this country. It would include tax increases, tightening of the spending belt and restrictions on imports.

Thank God I'm elderly, have everything paid for and with a good income and assets. I feel sorry for those in the working class.

[Sundance3]

You can thank the runaway Federal Deficit, fueled by unneeded, and unwanted,(at the time) tax cuts. Start with Reagan and his tripling of the national debt, which coincided with the amount of tax cuts for the rich. GW Bush did the same and in the same ratio/proportion. The increased debt = amount of tax cuts for the richest 5%.

True. But the real reason for the deficit is that when taxes were cut, there was not a equal amount of spending cuts made. Less spending equals smaller government, which I am in favor of. I would like to see the income tax completely eliminated, the ultimate tax cut.


Then thank the borrowing of money, to run this country, from the Chinese Communists. The Chinese are also putting together a consortium with 12 billion (minimum) dollars to buy up our 'depressed properties.

Shoot, China owns a lot of em already. Federal property is partial collateral for the national debt. When we default, they get the pink slips.England is selling billions worth of their state property to pay off some of their debt.

Then turn your attention to the so called 'Free Trade', which took us from the world's biggest creditor nation to the world's biggest debtor nation. Again, you can thank the trade policies of the Republican administartions.

Yeah, but who makes the money off of those policies? those are the criminals that need to go on trial for treason, along with the politicians that signed their agenda into law. And the 2 most corrupt Presidents of all time were FD Roosevelt and W Wilson, both Democrats. They should both be dug up and deported.

And don't start on the "Clinton signed NAFTA routine." Yes he did, but it was negotiated and signed by G H W Bush and merely ratified by the houses and signed into law by Clinton.

rofl...what kind of statement is that? That is like saying that Adolph Hitler should be held blameless for the "Final Solution" because Otto Adolf Eichmann was the architect of the Holocaust and Hitler "merely" implemented the plan with his signature. All Clinton had to do was "just say no". He didn't, and Americans have been paying the price ever since.

Our citizens are now being forced to compete with 3rd world countries for the jobs and resulting wages. Look what that's caused. We aren't used to living on rice, beans and soup. However, have you noticed the people running our corporations are now making more than they ever did? And continue to increase their own pay and benefits at a phenominal rate!

All true. But the people have to accept some of the responsibility. Do we hold anyone accountable anymore? Every President of any bank that accepted government money to save their arse should be on trial, along with every politicain that voted for the bailouts/stimulus robberies. All these banks lost every one's money, and no one went to jail. And the so called brave American people did nothing about it.

The only solution? It would not be acceptable to the citizenry of this country. It would include tax increases, tightening of the spending belt and restrictions on imports.

I have a simpler solution that does not give the Feds even more money to steal. Have the Treasury mint a coin in the amount of the national debt. Give it to the Federal Reserve bank to square our accounts. Then fire them, arrest them, and put em on trial. Then go back to the constitution and gold/silver backed money.

Thank God I'm elderly, have everything paid for and with a good income and assets. I feel sorry for those in the working class.

If you income/assets are dollar based, I would not be too complacent. If the dollar lost 25% of it's "value" for a few years, "well off" could become "almost broke"