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The Forum > General Discussion > Drunken Ben Bernake Finally Tells the Truth.

Drunken Ben Bernake Finally Tells the Truth.

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Keep your eyes on the markets...
Volatility is the key word here. Preceding the 2008 GFC the global market went through a prolonged phase of volatility trying to maintain its balance on the tightrope. It was atime of regular dives followed by "recoveries". We're probably witnessing the first wobble in the latest crisis - as confidence crumbles, governments will again seek to artificially stimulate the market by pumping in billions to keep the them afloat. However, we don't seem to have learned anything from the GFC so history is set to repeat itself.

http://www.cnbc.com/id/44031717
Posted by Poirot, Saturday, 6 August 2011 9:11:46 AM
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OUG,

I did in fact specify "pre-war" as this distinction is well-known.

I brought it up because we will always need money we can agree on.

Rusty
Posted by Rusty Catheter, Saturday, 6 August 2011 9:23:04 AM
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the key is money we can trust
so the market looks for things that will retain value
[stored values]...many think that value is in oil or gold or bonds

but the us bonds are now only being 'bought'..by the fed
[who can simply create the notes or the credit..to any ammount people need]

what we are missing is govt control in this
its a historic fact that the us fed/mint etc was 'sold'
to the banks who 'bought up' the govt war bonds..then demanded instant payment of principle...[in gold/silver]..which of course didnt egsist

so they simply took it as sequrity
with the help of some govt mates

but the interesting thing is...money is fiat..[by decree]
the bankers have the licence to print money..as well as keep control over the gold...[but it was all done on paper..that stated the debt 44.4 billion us dollars...;a dollar is a unit of weight..in 'valuble metal']

but by right of seignorage..it can deem face values
on coin or paper..thus usa needs to take back the right of seignorage
and the mint and fort knox..then simply issue one plate size coin with a face value..to each of the shareholding bankers

sort of along the lines of the theme of
the movie..'the million dollar note'

these 12 coins with a total face value of a mere 44.4 billion
will return the control of the fed back to govt control
[govt can then stop paying 'intrest' on its own money]
cause the fed holds the bulk of their bonded debt[bonds]..

and the lies can end
Posted by one under god, Saturday, 6 August 2011 10:04:05 AM
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its time wee restored the true values of the coins
bring back the coin age

to the point where one cent=one dollar
which recapitaslises the poor
bails out those exploited and stole from
in that case the banbkers can keep the fed paper cyber credit system

but failing revaluation of the values of coin[back to true values]

govt needs to bite back the blighters
hit those who did this treason hard
and at the same time save them selves from this ongoing insanity

as it stands the fed
has assumed all the bad 'derivitives'
but as its them..that isue fiat paper...they can pay every dollar
and not care of the resulting hyper inflation..

as they think to move to a safe zone
with their stolen booty and absolute control over global governance

but its global
if the usa dont audit the fed
confirm the gold..held in trust..has gone
[leased to fellow bankers at a rate of 33 dollars an ounce]

then sold it into the market..by the same banks..
making them at the time a tidy proffit
but it was a trust..they betrayed
Posted by one under god, Saturday, 6 August 2011 10:14:59 AM
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its gold
that dont belong to them
it retains to be the right of the people

it was stolen from globaly

we have a nickle coin
with a face value[WEIGHT]..of one dollar

well in truth we know its meant
to be equal the value of one dollar's weight in silver..[or gold]..

depending on the colour of the coin

see how in the old days a penny was actually silver
that in time became copper..that in time was either abandoned[like us]
or became copper plated/iron..

but it's face value
should resemble its silver gold values

or the coins face/value's..should be inflated
to more closly represent its TRUE values
in its origonal context/intent

to not do is distorting the true values
and making the ongoing train wreck we are constantly revisiting

but i can change nothing
so will simply watch like all the others
who had this theft done to their finance system

the final straw will be when they kill the coins
and people forget what coins are meant to do

[limit the paper credit excess
by being based on..honest market values
refected in the face value of its tokens[coin]

its time to push the rest button
hard
Posted by one under god, Saturday, 6 August 2011 10:15:59 AM
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OUD we don't need gold or other precious mentals to back our currencies.All countries need is a proper constitution which limits Govts from creating too much money.Private banks should not be allowed to create money from nothing.This is the function of sovereign Govts.

I just explained the injustice and stupidity of this present system to a group of young people.What the Central banks do is akin to them going down to my garage and printing a $ billion and loaning it to our Govt at interest.This is how utterly insane this present system is yet no one questions it.
Posted by Arjay, Saturday, 6 August 2011 11:58:28 AM
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