Saturday, January 5, 2008

Mo' Dollar Declinage!!

Greetings Earthlings:

Our dollar is in serious trouble, just in case you didn't know already.

It's become so weak and worthless that certain Indian entities have refused to accept our dollars as payment, an event that was unimaginable just a few short years ago:

Weak US dollar no longer accepted at tourist sites in India

Associated Press
Published on: 01/03/08

NEW DELHI — No dollars, just rupees please.

In a sign of how the once mighty U.S. dollar has fallen, India's tourism minister said Thursday that U.S. dollars will no longer be accepted at the country's heritage tourist sites, like the famed Taj Mahal.

Tourists sit on the lawn of the Taj Mahal in Agra, India, in this 2004 file photo. In a sign of how the once-mighty U.S. dollar has fallen, India's tourism minister said Thursday that U.S. dollars will no longer be accepted at heritage tourist sites, like the famed Taj Mahal.

For years the dollar was worth about 50 rupees and tourists visiting most sites in India were charged either $5 or 250 rupees.

But with the dollar at a nine-year low against the rupee — falling 11 percent in 2007 alone and now hovering at around 39 rupees — that deal has become a losing proposition for the tourism industry.

The country's tourism minister said, though, that the decision was only in part a reaction to the currency's plunging value.

"Before the dollar lost its value, there was a demand to have (admission tickets) just in rupees," Tourism Minister Ambika Soni told the CNN-IBN news channel.

Soni said that charging only rupees would not only be more practical, but would save money because "the dollar was weaker against the rupee..."



These developments make me want to contact our Indian friends and supporters, such as the brave Men at 498a.com, to find out how our economic woes are being viewed by the citizens of the world.




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(A lovely Indian bride, wearing her wealth on her sleeve.)



More than likely, as the price of Gold skyrockets, the Indian people are thanking their lucky stars that their culture teaches a very important lession:

All that glitters (or folds in this case) is not gold, a teaching that Indian brides have understood for centuries.

GOLD (and silver) IS MONEY. Everything else is just temporary.

Along those lines, I would like to share with you this audio clip from Howestreet.com.

The subject is the declining dollar, declining fiat currencies as a whole, and what you can do to protect yourself. Give it a listen, talk to your financial adviser, and make moves as appropriate. Serious students will also listen to Goldseek.com's webcast.


DON'T WAIT!


Events are moving faster now, and financial chaos can strike like a thief in the night. Prepare yourselves.



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(Some of my picks. Please note that GLD and SLV are in the green. However, as my graph shows, all investments are risky and you can lose money. This is in no way an endorsement of any particular investment product, and you should check with your financial adviser before making any investment decisions.)






(An interesting vid on how to profit from a falling dollar.)












Before I close this out, I wanted to say a few words to my Indian readers:

To my Indian brothers,

I would urge you to learn from us in all things, both good and bad. Take the good aspects of our culture and elevate your game. Incorporate your traditions into all forms and all undertakings as you strive to become a world economic power. Let America serve as both your positive and your negative role model.

But under no circumstances should you debase your cultural heritage, nor should you neglect your spiritual values as your country pursues her modernization, for any reasons whatever.

If your country follows this course, then spiritual and societal diseases such as feminism WILL emerge, and your nation will fall.

No matter how convincingly others may try to argue in favor of debasement of your traditions, ignore them. Hold fast to those positive ideals that have propelled your country to the position it is now, and has served your civilization well over untold ages.

When you undermine your baseline cultural ideals, such as the West has done, you will have unknowingly signed a Death Warrant for your nation. Keep your good, noble and efficient ways, and synthesize them with the knowledge you learn from the West. Create a new culture that combines the very best from both worlds, and yet remains true to the essential Indian spirit.

Spirituality and culture is the foundation of all civilized societies. The Universal Law is absolute.

Unfortunately, we in the West have ignored this truth, and now it looks like we are going to suffer the tragic consequences. Such is the Law of Karma, which cannot be denied, bribed, or ignored.

Take heed my brothers.


Togakure.

11 comments:

byrdeye said...

Funny how only Ron Paul ever talks about this HUGE problem we are facing!



Meanwhile, Hitlary & Obama just keep pounding their colorful pom-pom's in the air like airheaded cheerleaders at a pep rally! Hope! Freedom! Together! Future! GO USA!!!

Togakure said...

Go Go!!

You're all over it Byrdeye, as usual.

Those of us in the finance world grasp what Dr. Paul says pretty quickly, because we are reading these reports and doing the homework required.

Unfortunately, most people know nothing about money (because most aren't taught anything about it in school) and where it comes from.

Most probably don't know that the Democratic party came into existence due to the fact that BIG BUSINESS REPUBLICANS WANTED A FIAT CURRENCY AND A CENTRAL BANK, and most Democrats opposed the move (See Ron Paul's the Case for Gold).

Sometimes, I can't believe how ignorant some of our people really are. If they truly understood the danger they faced...

byrdeye said...

Well, I do wonder why most people are soo easily brainwashed, but only a tiny minority aren't???

Why is that? Any idea?

I mean, these fools keep digging their own graves by voting for their own self-destruction. And even mocking anyone who doesn't fall for the same crap. It is no different than Noah and his Ark, I suppose.

But now is the time for us all to be building our "arks." 2008. Forget about the haters. Focus on getting our own houses in order.

Togakure said...

"But now is the time for us all to be building our "arks." 2008. Forget about the haters. Focus on getting our own houses in order."

Spot on!

That's the theme for this year. Prepare for the worst, and hope for the best.

Ba1anced said...

Do any of you guys know of anyone who has bought gold or silver online? Is MONEX reputable or other mints. I'm trying to diversify and instead of putting something in the bank at 6%, I just want to solidify a portion of my assets.

-Ba1anced

-Texas

yy said...

byrdeye: the "why" is an interesting question which even the majority of the regular conspiracy theorists don't care about dismantling it. So it's kinda a deeper conspiracy theory inside the regular conspiracy theory(financial collapse, NWO, etc).

Fact is that the majority of humans are sheeple who fight the truth and ridicule the truth messengers. So the question is did this happen by ACCIDENT or by DESIGN. And under no circumstance can I imagine that the creation of the universe, earth, mankind happened by accident. So, the logical conclusion is that someone designed it to be that way. And that someone is the evil demiurge. Like Jesus said "My Kingdom is not of this world". A minority of the population of earth are of the true divine creation and have real souls. The majority however are soulless beings created by the lakeys of the evil demiurge to exploit the minority of true beings and drain them of their energy. -->see gnosticism/dualism

-why is the first thing newborns do is crying?
-How come that everything and everyone is part of the foodchain. what a sick evil mind who created that. you can't survive without eating someone or something else!
-But even if you indulge in the foodchain you still gonna die some not so far away day!! and you don't know anything about what happens after physical life. would a loving god do something cruel like this? clearly, the answer is no. but an evil demigod would do so.

Togakure said...

"Do any of you guys know of anyone who has bought gold or silver online? Is MONEX reputable or other mints. I'm trying to diversify and instead of putting something in the bank at 6%, I just want to solidify a portion of my assets."

Balanced,

I have not personally bought gold or silver online. Let me ask around and get back to you!

R said...

Hey Toga glad to see you've changed the background now my eyes don't hurt from reading your blog!

tba said...

Hey Toga glad to see you've changed the background now my eyes don't hurt from reading your blog!
-----

yep yep. I agree. now I can go back adn read some of the articles I missed.

The mra blogs with black backgrounds I pretty much don't read. This was the only one I bothered to read because of teh broad variety otf topics and the intellectual strenght of this blog. Even still there were some posts I missed.

Togakure said...

R,

Thanks man.

Sorry about the eyestrain... if that's a problem for anybody, don't hesitate to offer comments or suggestions about the blog or the contents herein.

Balanced,

I would say that if you buy gold online, make sure the TITLE (actual ownership of the gold) is in YOUR name, and stored under YOUR name alone, otherwise, the holding company can loan your gold out to other investors.

If you don't have exclusive ownership title to your gold, you might lose it if something were to happen with the holding company.

Also, make sure that the holding company doesn;t charge you exorbitant fees for storage and other transactions, and note that many of these companies measure their fees in actual grams/ounces of gold or silver at a certain rate of time. Be careful about that.

If you are just ordering coins, it's pretty much business as usual. You have all of your rights, just like if you ordered a really expensive gold watch and Fedex lost it or something. It's up to the selling company to make sure that you get your product. Just make sure that you read the service agreement thoroughly before you make any buys.

All in all, I would suggest that you buy and hold physical metal, and check with your financial adviser about using an ETF such as GLD for massive amounts of investment.

Just be careful, because positive returns are not guaranteed, although I think gold will outperform most other assets this year.


Hope that helps!

Toku.

Ba1anced said...

Toku,

The info helps. Thanx!

Ba1anced,

-Texas