http://www.econlib.org/library/enc/Hyperinflation.html

Hyperinflation
by Michael K. Salemi
About the Author
Michael K. Salemi is an economics professor at
the University of North Carolina in Chapel Hill.

And what of the ultimate tax?

“[The] abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit…. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holdings illegal, as was done in the case of gold…. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves…. [This] is the shabby secret of the welfare statist’s tirades against gold. Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

Alan Greenspan [now Fed Chairman] wrote in 1966

Today, Greenspan is silent on this subject, unless Congressman Ron Paul cross examines him.

Sincerely
Mother of US Special Forces Soldier

Congrads Mr. Bulter :

EXACTLY! You are a very smart man and I mean that sincerely!  Now read HITLER’s currency crisis - fraud.  Now hop on over to the FED M3 figures - note they are gone as of 3/2006. Geepers I wonder why?  IRAN’S new oil exchange was to open in EUROS.  Now google up the foreign countries diversify out of US currency.  10 spx future contracts says the fed is burning that priniting press…..tick tick
tick….FRESH NEW LOWS in the US DOLLAR.

http://charts3.barchart.com/chart.asp?sym=DXM6&data=A&jav=adv&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix;=

And for those of you BUSH LOVERS check in here to smell YOUR BUSH INFLATION from this great incompetent president:

http://charts3.barchart.com/chart.asp?sym=GCZ6&data=A&jav=adv&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix;=

and if you really want an education check HYPERINFLATION….and the reasons why =WAR.
Sincerely,
Mother of a US Special Forces Soldier
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Comment #8096 by Pierce R. Butler on 4/27 at 3:36 pm

Sorry, Ron Powell (comment # 7914): You’re right about the churchified Pledge, but “In God We Trust” was added to US money in 1864, due to a desperate federal need for a boost in public support after years of an unpopular, bloody and grossly mismanaged war. Some things don’t change much…

Sorry, Ron Powell (comment # 7914): You’re right about the churchified Pledge, but “In God We Trust” was added to US money in 1864, due to a desperate federal need for a boost in public support after years of an unpopular, bloody and grossly mismanaged war. Some things don’t change much…

I blogged on this issue.

“Faith” is probably the WORST foundation you can have for leadership. Is this really the level of intellectual ability we want in a leader: “I did it because god says its the right way to do things.”? Relying on dogma laid-out by a book or priest doesn’t pass for reasoning and analysis and it most certainly isn’t leadership. I could program a computer to derive policy from christian theology.

Faith coupled with power is a dangerous thing…
It seems a lesson our founders learned has been lost on a near majority of Americans: Faith allows you to substitute certainty for doubt and analysis… to assert universal truths in a world filled with different opinions… to cling to fallacy in the face of overwhelming evidence to the contrary.

What the people here don’t realize is how may people think like Bush and that are organized.
Yes they are fools but that doesn’t change things, remember Hitler’s Germany at the time he came was more advanced at the time thenwe are now. It is true that the were brought low both militarily and finacially.
The next time you are approached by Christian or religious Jew tell them there is an offer at http://www.religionquestioned.com that shows they don’t know what they are talking about and an OFFER to shut site if they can refute what is said there without their proof being shown to be bogus.

I saw a chapel all of gold
That none did dare to inter in
But all stood weeping without
Weeping, mourning, worshiping.

I saw a serpent rise between
The pillars of the golden door
And forced and forced and forced
Till down the golden hinges tore.

Then along the isle of gold
Set with pearls and rubies bright
All his shiny length he drew
And coiled upon the alter white.

Vomiting his poison out
Upon the bread and on the wine
And so I stepped into a sty
And laid me down among the swine.

ANONYMOUS

BUSH THEO-PRESIDENCY A BOON TO MANKIND
The more he infuriates foes, allies and and oil suppliers and spreads fear and dismay about our planet the better off all us opposable-thumbers are.

At $3.00 or $5.00 per gallon of gas, gasoline consumption plummets, carbon dioxide levels abate, global warming reverses, the United States gets a new manufacturing gig for non hydrocarbon energy technology and in the meantime sis and junior along with their parents are reintroduced to pedal locomotion and our MacDonald’s “chubby-children” crises is history.

One man’s ‘Incompetence’ may be another’s ‘s ‘Tool.’
God (“his wonders to behold”) bless George “Walker” Bush

I can’t believe people are using “In God we Trust” on currency to defend Bush’s theocratic (and inept) foreign policy. Anybody remotely familiar with American history knows that that phrase was put on currency during the cold war in the 1950s, just like “under God” was put in the pledge during the same time period. Insofar as the Founding Fathers go, there is a reason that “God” is not mentioned in the Constitution: they were men of the enlightenment and quite familiar with hundreds of years of religious wars in Europe and wanted to be sure that the new nation didn’t follow in their footsteps. Moreover, they felt that both religion and government were more likely to flourish when each stayed out of the others purview, unlike the current crop on the Religious Right who mistakenly want to blend the two to push their own agenda.

What is taking people so long to wake up and realize what George W. Bush and his alliance of ‘Modern Day Millerites’, NeoCons, and Secular Industrialists are truly attempting to accomplish—-‘The End of the World’—-if not literally, at least as we know it or would like it to be.

Christian Fundamentalists (who as a voting block put President Bush in office) have been beating the drum about the ‘End Times’, the ‘Last Days’, the ‘Terminal Generation’ and other apocalyptic concepts with increasing vehemence for more than two decades. They truly believe that the advent of the ‘Millenium’ has ushered in the process that will establish the ‘Kingdom of God on Earth’ and that they, as a ‘Chosen People’, will somehow play a role in bringing it all to pass.

In the absence of International Monolithic Communism (the Cold War IS over, isn’t it?), they have cultivated and portrayed the Islamic world as
a ‘Satanic’ counterpart, providing the convenient and necessary enemy against which to rally the forces of decency and virtue.

They have cynically used this conflict and the now global ‘Hot Wars’ that have resulted to enact legislation, the ‘Patriot Act’ and the “Homeland Security Act’, which have placed the privacy and individual rights of everyone in serious jeopardy.

They have attempted to undermine the credibility of our education system with such folly as ‘Intelligent Design’ and to turn back the clock on abortion rights. 

Really—THE LIST COULD GO ON AND ON!!!

It is time for intelligent, rational, forward looking people to step up and put an end to this madness.  We still have the vote.  Let’s use it or lose it!!!

The US Dollar USE to be the world reserve currency prior to the EURO.  We offered the Taliban 41M to remove OBL from Afghanistan.  No takers.  What do you think happened to OBL?  We invaded Afghanistan to BUILD pipelines (just ask any soldier who has traveled much of the country).  Saddam stated on 11/2000 all oil will be sold in Euro’s no more dollars.  He then sealed his fate by the US.  After our US puppets were in place, the first barrel out of IRAQ was shipped in DOLLARS.  Iraq is now the 4th largest US importer to the USA.  Now if you read the fine little ity print of OP document of Iraq, you’ll find we own IRAQ!  Now here comes Iran…...hmm.  Well you see they were to open a brand new oil exchange in EURO’s March 2006.  Been post poned for a little while.  But once that oil futures contract is “traded” expect all “GOD WE TRUST” to head into the toilet if the foreign countries don’t complete same first.  Then we have UAE who is a “friend” of the USA.  Well they granted NYMEX to open an oil exchange to counter Iran’s new oil exchange.  But then again there was a port deal….ops.
Meanwhile, the foreign countries keep right on dumping.  Did Bush ever attend an economy class?  Did he ever attend a foreign policy class?  Or was EVERYTHING given to him except knowledge.  And we all NOW know were he leads in that, now don’t we ; grade F.

IMF
WORLD BANK
G 7
BANK FOR INTERNATIONAL SETTLEMENTS
CENTRAL BANK RESERVE DIVERSITY
FED M3 figures
FED REPOS

PS….those 2 new tapes out recently released of al-Zarqawiere and OBL; take a closer view.  Geepers wonder why they come out at war low points.
sincerely,
mother of special forces soldier

When you couple Bush’s statement, “I base a lot of my foreign policy decisions on some things that I think are true,” with the Neocon doctrine of “inherent authority” of the President (explicitly expressed by Attorney General Albeto Gonzales) ... shouldn’t we be finding out exactly WHAT those things are that Bush thinks are true?

We are at decision point. Do we follow the age old wisdom of our heritage?:

“And ye shall know the truth, and the truth shall make you free.” John 8:32 (King James Version of the New Testament, http://www.blueletterbible.org)

Or do we buy into the Neocon line best expressed by Jack Nicholson’s wacko character, Col. Nathan R. Jessep, in A FEW GOOD MEN?:

“You can’t handle the truth!”

I hope and pray we have the courage to learn the truth.

“IN GOD WE TRUST” where have you heard that saying? The DOLLAR!
= world reserve currency crisis…....that is where BUSH gets IT.  Further, he is to UNEDUCATED to come up with a plan to deal with such a major problem.  Why do you think there have been so many resign off the FED boards over the last 5 years?

Instead of Bush WORKING on Economics 101 when he entered the WH (2001) for the attack of the EURO against the dollar; he selected WAR as a way to deal with the problem.  However this has consistently back fired in the uneducated BUSH’S face.  With a 300 percent commodity BULL MARKET.  WAR and COMMODITIES are married to each other in leverage = M3.  When American’s are paying 8.00 for A tube of tooth paste;  18 % interest rates; 5.00 for a gallon of gas; and massive unemployment maybe the DUMB RED voters will finally WAKE UP.

Till such time countries AROUND the world will continue to DUMP the US DOLLAR as their reserve currency and diversify into the EURO. Avoiding the RISK of the US IMBALANCES = twin trade deficits!  For the average American you will be squeezed till YOU bleed financially!

Some individual more compentent needs to take control of the White House.

http://www.dailyfx.com/story/dailyfx_reports/daily_fundamentals/Things_Get_Worse_for_the_1145655557325.html

http://www.dailyfx.com/story/strategy_pieces/trade_or_fade/Dumping_Dollars_1145862729769.html
http://online.wsj.com/google_login.html?url=http://online.wsj.com/article/SB114562568269532397.html?mod=googlenews_wsj

google up
countries dumping the us dollar in GOD we trust!

It is hard to tell, when George “Let Me Finish” Bush speaks, whether he is saying something he actually feels about or whether he is reciting a carefully crafted message for his audience.

When we hear Donald “We Know Where They Are” Rumsfeld speak, we know that he is just saying whatever he feels like to control the moment, one week saying that word definitions do not really matter, and the next he’s holding up a dictionary to backup something he said the day before.

The Rice Queen says whatever she wants similarly to Uncle Donald.

Colin Powell, we learn, said only what he was told to say.

Dick “I Never Said That” Cheney, we learn, is a pathological liar.

For a closer look at how God and George think alike, read this essay: http://www.godisajoke.com/2006/02/02/churchstate/and-lead-us-not-into-armageddon-for-thine-is-the-evil/

Like most so-called Christians Bush has a Blue Fairy notion of God.  He doesn’t understand the difference between a Creator God and a Blue Fairy.  He has been brainwashed into thinking that out there is an old man with a white beard who listens to everything, watches everything, and decides everything.  This is childish.  But Christianity is childish.  Its belief in Jesus is unfounded in history, its Jesus is not the real Jesus but someone/somebeing imagined by Paul of Tarsus.  Bush is really a fool.  Most Christians are either fools or knaves.

It is easier to understand God than the intricasies of the world . Bush has never been able to understand , everything is either black or white . His mind does not deal in the grey area .  God is his savior . Any God will do as long as HE comes with votes .

What in the HELL is that moron doing in the White House?  Guess we’ll also hear that God told him to bomb the bejesus out of Iraq.  How is it that the worst people seem to have absorbed the most “religion”?

Bush is the biggest phony.  Just look at that picture of him posturing like an ass, and Cheney trying to keep an expression of amusement under wraps.  And see Harriet Miers in the background with her adoring permanent premature dementia expression.  Bush uses religion as did the idol-worshippers of ancient times to start wars and abuse people, as well as disabuse them of their possessions and livelihoods.  He is the hugest creep that ever crawled into the Oval Office.  May there actually be a God that someday (how about today?!) judges Bush mercilessly for his impardonable sins and sentences him to an eternal Guantanamo.

Bush is a God (if there was one but there isn’t) Damn (if there was a hell but there isn’t) liar (which he definitely is.) Saying he tried to avoid war diplomatically to the max is as bald faced as Kojac. Read the Downing Street memos (evidence was fixed to support the policy.) Read “State of War” by James Risen (CIA had direct evidence there was no nuclear program in Iraq.) Read “The Price of Loyalty” by Ron Suskind (former Treasury Secretary Paul O’Neill relates Bush was determined to attack Saddam Hussein when he first took office.) Read “Lawless World” Feb. 06 Edition By Phillipe Sands (meeting between Bush and Blair in Feb. 2003 where Bush decides to invade with or without a second U.N. resolution, Bush suggests painting a U2 spy plane in U.N. colors to induce Saddam to shoot it down.) Bush is the ultimate bearer of false witness. That he lies for God is Armageddon type frightening

What “the people want,” Mr. Bush, is to be FREE FROM YOU!

GWB & Co. don’t even know the meaning of the words “free” and “liberty.”

Does God also support capitalism over socialism?