While it deeply pains me to agree with Ronno on any given issue, in this case it would seem that he is correct- your understanding of economics and currency is shallow at best. I would suggest that you make an effort to learn more about what paper money represents in terms of real value of goods and services. Although I do concur with the underlying premise of your position, it is for markedly different reasons- reasons that for now I have neither the inclination nor energy to enumerate since today I am bedridden with a cold and am not clear headed enough to type a long desertation.
rx

__________________

"Load the wagon boys, the mule's blind" Smokey Yunick

"Permit me to issue and control the money of a nation and I care not who makes it's laws" Mayer Amschel Rothschild

If you enjoy being right, you should agree with me more often.

We shall wait and see gentlemen....
and watch the headlines in the coming months....

the "market" is stronger than any sleight of hand or "clever" fix to prop up prices and artificially suppress interest rates...... (debasing currency)

you can't solve inflation.... with more inflation.
It's been tried before and will ultimately fail...... every time.
cheers!

Capital Flight.... another sign of a collapsing currency
[LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.
A broker reported to me today that their clearing agent is requiring them
to mark purchases of AAA sovereign bonds denominated in foreign currencies
as “speculative” investments.
Pressure to do this apparently is coming form the U.S. Securities and Exchange Commission (SEC).

This means if Congress and the administration request that the SEC take action to “stop speculation”
a mechanism will be in place to insure that U.S. investors cannot protect themselves from a falling dollar.
Lest capital controls domestically inspire you to leave the country,
you may want to educate yourself about [LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.
in the Heroes Act of 2008.

Reminds me of Mutiny on the Bounty.... remember when Captain Blie set fire to all the lifeboats?

A Response:

Brilliant. Evil, but brilliant. You know, like 9-11.
Your broker is the choke point for your capital flight into Swiss Gov’t Bonds
denominated in — guess what — Swiss Francs. By this little change in the
bond rating scale, Congress will be in a position to STOP your remaining
dollars from finding safe haven in another currency. You would think they
are worried about the possibility of Capital Flight or something. (sarcasm)

So, if all the dollars fleeing U.S. Gov’t Bonds have no place to go over there,
guess where that money ends up. That’s right, in the U.S. Stock Market.
Another pump-up for those depressed equities, I do believe.

And why do you suppose THEY are worried about capital fleeing the U.S. Gov’t Bonds?
That’s easy, money flees anything Dropping In Price. And why will these
bonds drop in price so much as to cause panic selling? That’s easy, too.
The interest rates offered on the new bonds will have to skyrocket in order to
attract any buyers at all.

Why? Because the dollar will be plunging, silly.
That naturally leads to the present bonds having their prices fall off a cliff.
Man, these dudes sure know how to leverage a simple little rule change
at the SEC into a total lock-down of your investing freedom, don’t they?

Capital Flight?

Getting out of Dodge prior to higher taxes under Obama.

Duh.

No...no, now Ron he HAS made several good points about the dollar's free fall in world markets. (please don't trot out any #### about the dollar's recent short term recovery- you know better, look at long term trends).

I don't believe that you are real confident with your position. Proof? You've inserted some of the usual Obama bashing, which is totally irrelevant to the subject at hand. Please elaborate about how Senator Obama will go about raising taxes and why. What would you propose to do about the massive government deficit and debt? And please don't hand me that line about Idiot Man's "balanced budget" for next year.

On another note: It's nice to see that you have embraced the idea of a Democrat in the White House next term- that is unless the crooked Bush family blows something up in the next seven weeks, declares martial law, and installs John B... Nahhhh...
rb

__________________

"Load the wagon boys, the mule's blind" Smokey Yunick

"Permit me to issue and control the money of a nation and I care not who makes it's laws" Mayer Amschel Rothschild

Price Fixing / Debasing Currency.... ALWAYS fails....

[LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.

They have NOT a clue as to what this man's talking about.

[LINK POSTED BY MEMBER] Only Members Can View This Truck Forum Link.

LMAO! Cute, but isn't this sign missing the "Homeland Security- any questions, dial [1-800-ASK-BUSH] label?

__________________

"Load the wagon boys, the mule's blind" Smokey Yunick

"Permit me to issue and control the money of a nation and I care not who makes it's laws" Mayer Amschel Rothschild

Dear Friends,
Whenever a Great Bipartisan Consensus is announced,
and a compliant media assures everyone that the wondrous actions
of our wise leaders are being taken for our own good,
you can know with absolute certainty that disaster is about to strike.

The events of the past week are no exception.

The bailout package that is about to be rammed down Congress' throat
is not just economically foolish. It is downright sinister.
It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect.
It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder.

Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac
made America more communist than China! "This is welfare for the rich," he said.
"This is socialism for the rich. It's bailing out the financiers, the banks, the Wall Streeters."
That describes the current bailout package to a T. And we're being told it's unavoidable.

The claim that the market caused all this is so staggeringly foolish
that only politicians and the media could pretend to believe it.
But that has become the conventional wisdom, with the desired result
that those responsible for the credit bubble and its predictable consequences - are being let off the hook.

The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess.
• The Treasury Secretary is authorized to purchase up to $700 billion
in mortgage-related assets at any one time.
That means $700 billion is only the very beginning of what will hit us.
• Financial institutions are "designated as financial agents of the Government."
This is the New Deal to end all New Deals.
• Then there's this: "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable
and committed to agency discretion, and may not be reviewed by any court of law
or any administrative agency." Translation: the Secretary can buy
up whatever junk debt he wants to, burden the American people with it, and be subject to no one
in the process.
There goes your country.

Even some so-called free-market economists are calling all this "sadly necessary."
Sad, yes. Necessary? Don't make me laugh.
Our one-party system is complicit in yet another crime against the American people.
The two major party candidates for president themselves initially indicated their strong support
for bailouts of this kind - another example of the big choice we're supposedly presented with this November:
yes or yes.

The issue boils down to this: do we care about freedom?
Do we care about responsibility and accountability? Do we care that
our government and media have been bought and paid for?
Do we care that average Americans are about to be looted
in order to subsidize the fattest of cats on Wall Street and in government? Do we care?
When the chips are down, will we stand up and fight,
even if it means standing up against every stripe of fashionable opinion
in politics and the media?
Times like these have a way of telling us what kind of a people we are,
and what kind of country we shall be.

In liberty,
Ron Paul