Friday, 17 February 2006 - 3:45 PM CST
Name: Arkady
Collapse? Our dollar hasn't really existed since like 1913.
You can thank our 'Federal Reserve' for that one.
Our bullshit currency has been a counterfit fiat currency for so long now that the rest of the world is finally beginning to see it as a symbol of our hollow and meaningless stature in the world.
The only thing that rings true about our currency is the "Novo Ordo Seclorum" (New World Order) logo, and the all-seeing-eye atop the pyramid which (almost prophetically) shows the planned structure of our country as a feudal system under the eye and thumb of nationless banking cabals.
Our currency is only worth what other countries are willing to pay for our debts.
We shall soon be the share-cropper nation, thanks to all the greedy scum that have busily sold our sovreignty to foreign entities for so long.
But don't worry, when we're stuck driving on a toll road that profit foreign banks and deny us the right to move freely in our own state, we'll be glad the pharoahs' eyes will be watching down on us from the pyramid while our children and grandchildren slave to repay what our beloved foreign creditors have lent us.
Saturday, 18 February 2006 - 10:30 PM CST
Name: Arkady
Simply put:
Our fiat currency is not backed by gold, silver, or any other measurable commodity. It is worth whatever our federal reserve says it's worth.
Saturday, 18 February 2006 - 10:33 PM CST
Name: sluggo
I know you ain't askin' me, but fiat currency is money that is not backed by any reserve of value. Back in the day when there were state and colonial banks, the value of the money was tied to precious metals or even land. Dollars used to be termed also as silver certificates or some such. I think it was in the 1920's when they did away with that and we just printed pieces of paper. (you should read P.J. O'Rourke's "Eat the Rich")
Fiat money is like the ruble or the cuban peso. It's stated value is supposed to be what the government says it is, but the market has other ideas. I guess. The american dollar is being devalued as countries begin to lose faith in its value and stop holding it in reserve. As they release more dollars and start taking in Euros and as oil begins to be priced in euros or yuan, the dollar begins to lose more ground. The deficit is something like 2 trillion dollars or something. Take that figure and divide by, say 300 million (the amount of americans) you still have each one of us owing a whole ass load of money.
Their faith in our ability to sustain the payments on the debt begins to take a nosedive and so does our money. We were in Germany in March of last year and our money is not worth much.
Welcome to Dorkistan or lower Booty, our new Banana republic with fuckkin monopoly money and a big ass debt and trade imbalance. Would you like to buy a bracelet, mr chinese tourist man? Would you like to meet my seeester?
Sunday, 19 February 2006 - 2:06 AM CST
Name: TP
Thanks for that, Sluggo. Europe is the bigger economy, taken together, but they are no more than 20 years from dhimmification. I don't see them surviving as a whole.
But us? Our territorial integrity is neither party's concern, which means that the road to serfdom goes from Tijuana to Bangor, Maine and all points in between.
The Democrats will win the White House back if they show the Latinos some fang and straighten up the major entitlement programs. But what's the hope of that?
Sunday, 19 February 2006 - 6:08 PM CST
Name: sluggo
It's not a political situation. It's much bigger than that. It's about decadence and the fall of the West. Will we allow it because we do not want to leave all of our comfortable old ideas behind, or will we try to delay it by changing quickly and decisively. Are we still true freeholders with our own sovereign will, or will mammon drive us down? I don't even know my own soul.
What does dhimmi mean?