Goodsounds;357600 Wrote: > These comments sound like survivalist/conspiracy theorist stuff, is that > where you're coming from?
No, I'm coming from traditional and sound money policy. There was a time not very long ago when the U.S. was the world's largest creditor, now we are the largest debtor. We have to borrow $3 billion PER DAY to run our government, and we have trillions of unfunded obligations coming due. Capital used to come from wealth earned and saved, now it is conjured out of thin air. Almost every individual, family, company, and government is in debt, and many are defacto bankrupt. That's because our economic model is based on debt. We have granted one private corporation, the Federal Reserve, the exclusive license to "create" money and to charge the U.S. Government interest on it. All our money is debt. It isn't backed by anything except the concept that the debt will be paid sometime in the future. It's a promise that may or may not come true. So far we have been able stay ahead of the game simply by issuing more debt. It's like if an individual was allowed to borrow a million bucks a day, at 1% interest. Eventually, the entire million bucks borrowed every day would have to go toward paying the interest. Then the only options are, to default or to start borrowing 2 million bucks a day. You can see that this is merely postponing the ultimate collapse, and in fact is accelerating the RATE of the collapse. This is where the U.S. finds itself today, very close to the end of that destructive cycle. Our National Debt has doubled in the past year. It may have to double again next year to preserve the illusion. Compare that mess to the concept that was laid out in the Constitution (and which is still in effect, though obviously not observed), that only Congress has the power to issue money, and it must be in the form of gold and silver coin. OK, coins might be a little less convenient to carry around - or maybe not, if you consider that one ounce of gold could buy a month's worth of groceries. If you think of goods and services not in terms of dollars, but as a certain weight of gold or silver, you'll discover a remarkably stable price history. 100 years ago an ounce of gold would buy a man a very nice custom-made suit of clothes - it still will. 80 years ago, 30 oz of gold would buy a good-quality automobile - it still will. In the 60's you could buy a gallon of gas with 3 dimes - you still can, if those dimes are pre-1964 90% silver. Conspiracy theory? No, simple facts. Our economic system is unsustainable. -- Pale Blue Ego ------------------------------------------------------------------------ Pale Blue Ego's Profile: http://forums.slimdevices.com/member.php?userid=110 View this thread: http://forums.slimdevices.com/showthread.php?t=54678 _______________________________________________ discuss mailing list [email protected] http://lists.slimdevices.com/lists/listinfo/discuss
