I wrote last week about how economic (not necessarily stock market) conditions are worsening, and we are beginning to see the effects of our reckless spending on entitlements, feminist pork, war, and other needful things.
Hold onto your hats gentlemen, cause things are going to get rough.
From Market Oracle.UK:
Dollar Devaluation Is Annihilating the Middle Class and Worse is Yet to Come!
You Want to Know Why You Feel Like You are Struggling Financially?
Because the U.S. Dollar Has Just Been Devalued by a Third Over the Past Five Years.
And more devaluation is coming. Perhaps another 50 percent. The markets are convinced that the Fed is going to drop rates again on Halloween by another half percentage point. This means hyperinflation, and all markets moved accordingly Friday. The Dollar hit a new low, at 77.00, and is worth 53 percent of what a Euro is worth.
This is a massive currency devaluation right before our eyes. It means the cost of everything is going up, which the Master Planners figure will diminish the debt load as debt contracts are expressed in Dollars from the past that were worth more than they are now. Those debts can be paid back in the future with dollars that are worth less. But this thinking requires folks to get their hands on a greater quantity of these devauled dollars. This thinking is ludicrous, but reality.
When the Master Planners devalued the dollar over the past five years, they raised the cost of living for everyone. The Middle Class is getting annihilated from this silent event. Incomes are not keeping up. This was done because this administration “equates stock market success with economic success and has directed their efforts to drive up equities at literally any cost,” to quote one of our subscribers...
Be sure to read the rest of the Market Oracle piece.
Speaking of manipulation, please see this excellent article at Goldseek that explains who has been intervening in the financial markets as of late, and why.
Now is the time to keep your eye on the birdie, no matter what you may hear on CNBC.
Don't sleep.
Kumogakure Jones.
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4 comments:
Ron Paul had an excellent explantion on what was realy affecting inflation. Monetary Inflation Is the Problem.
The feds are printing money to pay the bills as opposed to raising taxes. Not that I like raising taxes I just think printing money is even more despicable. This all had never occurred to me and it makes perfect sense now that I think about it. Filthy bastards will do anything. Geeez.
Anyway,this Ron Paul guy is very impressive. He may be the long lost conservative that real Republicans have been looking for.
Nascar:
Welcome to the blog! Make yourself at home.
"The feds are printing money to pay the bills as opposed to raising taxes. Not that I like raising taxes I just think printing money is even more despicable."
100% Agreed with everything you wrote. The Ron Paul approach would solve a lot of the problems that our nation is facing, although it will be hard to get off the government "sauce," if you know what I mean.
For more information, I would suggest you look at the Ron Paul Library under the politics section of my sidebar, and read his book "Liberty Under Siege."
After that, please read the "Secrets of the Federal Reserve" link under my New World Order sidebar. This book explains who owns the Fed, why it was created, and what it is doing to our economy.
If we are to defeat feminism, restoring our hard money standard is going to be key. No printed thin air money, no feminist pork!
kumo.
I see the end is near, I had not realized we were so close to a hyperinflation event.
Kumo where is a good place to buy gold and silver?
Anyway,this Ron Paul guy is very impressive. He may be the long lost conservative that real Republicans have been looking for.
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I agree. Unfortunately, it seems that so-called conservatives do not even want the name Ron Paul mentioned. A so-called conservative blog (RedState.com) has baned ANY mention of Ron Paul in the comments section
http://www.redstate.com/blogs/leon_h_wolf/2007/oct/22/attention_ron_paul_supporters_life_is_really_not_fair
ANd one needs only watch how Sean Hannity reacts to the name Ron Paul, let alone when he is voted as the debate winner.
Kumo, on the question of gold: I watched the Constitution Class videos and I watched the Money Masters videos. Here is my question: I've always known that Libertarians suport a return to the gold standard and that makes sense. But the gentleman in the Money Masters video is AGAINST a return to the gold standard. His reasoning seems sound. The world bank seems to now control all of the gold,a nd a return to the standard may be fruitless. My question is which position do you believe is the correct one? The libertarain position on having a gold standard or the position of the gentleman on Money Standard where he simply wants the Federal government to print money without any interest rates?
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