The US Dollar - No longer backed by Gold or Silver but by fear of US Military?
Submitted by Ralph Waldo on Sun, 05/24/2009 - 14:07
I have come to notice the tradtional arguments of monetary policy make little impression on people like Bernake, Greenspan and Dobbs. Is it possible they know something we don't know?
While history has recorded the military might of many empires, is it possible US military superiority is now so overwhelming and so unprecedented it can impose it's financial will on any country in the world.
Was Saddam Hussein's mistake really WMDs or his trading oil in Euros instead of dollars? Is it possible China is now only buying US debt at the barrell of a gun? Is it possible that the US dollar is no longer backed by Gold or Silver but by the unprecedented and overwhelming fear of US Military Might!
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In an earlier thread
I laid it out, that first gold backed the dollar and after WWII Roosevelt cut a deal with the oil producing states [Saudi King] that we would insure his power if they sold oil for dollars only (dollar hegemony). Then along came Iraq and Iran who wanted Euros. Now the United States Dollar is backed our military power, ask Saddam. http://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.html
The Bilderberg Boys don't care which country is on top.
Provided that they are running the show.
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." - Benito Mussolini.
Precisely
I've had this feeling myself for quite some time but never actually thoroughly thought about it. I think you nailed it.
It's the Industrial Military Complex and the USA Military that keeps our dollars strong. Just as when Rome would topple another nation 2000 years ago, Rome's own currency with caesar's mark would be enforced on those populations.
I remember a quote from the movie "The Patriot" with Mel Gibson, where the British commander Cornwallace said "We will re-establish commerce with these people when this is over". There is no question that the taxation, and use of currency is something nations have been protecting and promoting through the use of force for centuries.
It would appear that all "EMPIRES" (Rome, England, now the USA) become a force tyrrany themselves.
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Peace, Freedom and Prosperity should be our motto as Americans. Keep the American dream alive no matter how dark or difficult our circumstances seem.
Ron Paul is my President.
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Peace, Freedom and Prosperity. Not War, Welfare and Bankruptcy.
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What is the term, AMERICAN
What is the term, AMERICAN INTRESTS, mean to you As I have said all along...The rich man's money,OF COURSE...NO NATIONALITY..OUR arsenal is at their disposal...
you-no
Right
"on the money." :)
My husband and I were talking about fair trade products a few months ago when I realized the only reason our dollar is worth so much compared to the currencies of poor countries is because our military, CIA and dirty dealings guarantee it.
I been saying the exact same thing right along here
Finally others are catching on (whew)
See Richard,
something more important that we DO agree on. :-)
(smile)
I'm catchy (laughing)
nod, wink, and smile
right back atcha. What can I say? You taught me half of what I know. ;-)
-
Someone had to teach me too
Trouble with the way I learned was from my own fool mistakes (the hard way). It's not the mistakes you make, it is how you fix them that counts.
Experts make their mistakes quietly. (smile)
I hear ya.
I decided a while back to learn from OTHER people's mistakes, as much as possible. It's not fool-proof, since obviously I'm still a fool, but it works pretty good.
E-Hug
"Property" rights are by the barrel of a gun, too.
In a true free market, currency would disappear and we would return to a hunter-gatherer society. Gold is going up only because so-called libertarians think the GOVERNMENT will declare it official. Barter exchange credits are the only "currency" likely to survive the free market.
Your big mistake is thinking
Your big mistake is thinking that Libertarianism = No law
????????????
Can you rephrase this in a way that makes sense?
ditto
He's just spouting nonsense.
Not nonsense reasoning, but wrong starting point
He believes that gold has no intrinsic barter value... Well as long as there are girls of marriageable age in China, India or Turkey it has. In fact with diamonds becoming easier to fabricate, precious metals may have a shining future anyway.
"US military superiority is now so overwhelming and so
unprecedented it can impose it's financial will on any country in the world."
... but not all countries at the same time.
If military action could prevent a currency collapse, the British Pound would still be the reserve currency.
Ron Paul "Sign Wave Across the USA" -- November 5th!
No but it has enough fire power to keep the big boys in check
so the smaller ones dare not make a move!
IamVoting, please read
my post below. To wit, "Who" incorporated the U.S., and why?
Those who allowed the British Empire to fall into ashes at one point, had a much bigger plan to revise it under this new corporation, which we now know as "U.S. of A." Corporation.
THIS IS WHY OUR CONSTITUTIONAL RIGHTS HAVE NO MEANING ANYMORE!!! Well they do, but its not what we think.
It isn't "illegal" at all, it's just that very few of us understand the "law," so it looks illegal to us.
In point of fact, it is ALL contract law at this point. Remember this: it is ALL contracts. What most of us are unaware of at this point, is how many contracts we've agreed to with this corporation. THAT is why our constitutional rights seem to have vanished - because hardly a soul realizes what these contracts are really all about. Hardly a soul realizes the accounting aspect of the whole operation.
But it is vital to start to grasp it. Other than the fact of the power of our contracts - which we are able to relieve ourselves of our Constitutional rights and so many do without realizing it - is the INTENT of those who run the system to CONTINUE to have us ignorant of what is really going on, and their INTENT to thereby continually defraud us.
What does this have to do with my OP?
?
Ron Paul "Sign Wave Across the USA" -- November 5th!
I'm sorry it wasn't clear. . .
You mentioned
What I'm saying in my post (which was a cut/paste from another thread) is that the people who once ran the british empire, and the B. Pound, started a new system - completely based on debt and called "The United States of America" Corporation.
Without trying to sound self-important, I think that many in the patriot and freedom movement are completely missing this. I am just getting a grasp on it, to tell the truth. But when you see that there is this new, global corporation, called the "U.S.of A." Corporation, which has subsidiaries called things like "United Nations" "World Bank" "International Monetary Fund," then we start to see that the US$ itself, and the U.S. of A. corporation, are FORIEGN entities. Who incorporated this company? Who has that jurisdiction to tell the whole world "Everything's debt now, and we're calling it US$?"
So the collapse of the british empire and its currency was predetermined and planned, in favor of the new system, which benefits these people to a much greater and far-reaching degree.
Okay, well, that wasn't the point I was trying to discuss
and I don't necessarily agree with your premise, so I'll just bow-out of the discussion.
Thanks for trying to clarify your point, however.
Ron Paul "Sign Wave Across the USA" -- November 5th!
Don't know what there is to disagree with.
Its all contracts, there is no money anymore - it's all debt - and anyone under the influence of the WB, IMF, UN, all have to account for everything in US$ at the end of the day.
It's cool to leave it alone, though. Its a big discussion. But this is the foundation, and also the reason so many people can't figure out where all their "constitutional rights" have gone - it's because people are coerced into contracting out of them. Nonetheless, contract law is the law of the land and the world (actually its the law of the sea, a somewhat relevant distinction), when it comes down to it. The Constitution itself was a contract, right? But extorters extort and bullies bully - and when they run the world for 1,000 years, what-r-ya-gonna-du?
Beat them at their own game! But we need to understand contracts and the debt-system. And I mean REALLY understand it.
To wit: when counties borrow and add to their national debts, what exactly ARE they borrowing against. I know, but I don;t think many other people do.
Sorry to go on.
You're absolutely correct on
You're absolutely correct on all of the above I believe . . ..
~Paranoia is total awareness~
Blessings )o(
Exactly Ralph,
This is one of the most important points of all. The world's reserve currency, since Bretton Woods, has been backed by the world's dominant military. This was made clear as a bell in in '73 when Nixon closed the gold window.
A cursory look into those events shows a clear message from United States of America Corp to the rest of the world, "What are you gonna do about it?"
But this was obvious from Bretton Woods, World Bank, IMF onwards (c. 1944) - when all international exchange was statutorily required to pass through US$.
I think what many people in the patriot and freedom movements fail to understand is that the U.N., World Bank, IMF, are actually subsidiaries of USA Corp. "We" cannot just "get out of them." In fact, most countries, and their currencies, are proper subsidiaries of USA Corp.
NOT the American States, nothing to do with "our" Constitution, but, The United States of America corporation.
HOWEVER: who incorporated THIS corporation? That is a revealing piece of info. Nonetheless, it is an international corporation, which basically all the other corporations of the world are incorporated under, including U.N., IMF, World Bank, and all the counties which are required by the international structure to reduce every accounting into US$ at the end of the day, and the main job is the accounting of all the national debt re-payments. To intellectually understand what is going on, and to put the removal of the "gold/silver standard" into perspective, it's important to note that the world doesn't use money anymore, only debt, and the entire world economic superstructure is centered around the accounting - the accounting of the national debts. And its all in US$, fundamentally. What people normally think of as "wealth" is usually just HUGE piles of debt.
I.E, when you have a million dollars FRNs, that doesn't represent a $million in "Wealth," it represents a $million that you OWE the FRB. That is THEIR notes and it says right on them what they are. And the longer you borrow it, the more interest you pay.
An important issue: When the "corporations" are borrowing "money," (read: national debts) what exactly are they using for collateral?
What are they borrowing against?
the following link is not for the faint of heart or those merely bent on entertainment:
http://www.dailypaul.com/node/93977
Finally, people are starting to get it. Dr. Paul has been ......
.......pointing this out for thirty years. Now that ya'll are figuring it out, it should not take more than another thirty years for the rest of Americans.
He never makes such radical statements that I've seen
Every time he talks on MSM it seems he wants a "strong dollar", not an end to fiat money.
And how does Ron Paul propose to get a "strong dollar"?
Abandoning fiat currency.
I never said he did. Dr. Paul does agree with multiple....
reserve currencies. What the original post was concerned with, since you obviously misunderstood, was about America using military force instead of gold to back up the dollar. That was in response to the initial thread, which was the subject I was answering. Sorry for any confusion.
Well it's certainly not backed by trust!
Rational people use fiat money only because they are forced to. Standing behind every fiat dollar is the police-state.