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When U.S. paper currency no longer could be exchanged by its citizens for
fixed amounts of gold and silver, the long downhill slide of the dollar
began. Later in 1975, when the U.S. government would no longer redeem its
currency to foreign nations, the long downhill collapse of the dollar
began.

The dollar is finished.

Oil will accelerate its climb past $100 per barrel and soon will be priced
in Euros or in gold or silver itself, as the Euro follows the dollar into
oblivion. Any currency that is not fixed to gold is doomed to inflate to
worthlessness. History has proved this to be the case for all currencies
throughout all history.

Do not believe a word you hear from any government. Your dollars will soon
have more value as toilet paper than as a medium of exchange.

The only consolidation is the United States will soon have to return to
self-sufficiency or it will be forced to become a starving, cold, third
world nation. The old fiat currency must be recalled and new gold and
silver certificates backed 100%% by metal will establish a new, intrinsic
currency. The nation will literally have to begin from scratch again to
earn its respect among nations.

The US can't compete with the orientals because Americans aren't as
productive and because the orientals work for peanuts. For both reasons,
their excellent products are sold here cheaply.

We can't do much about the productivity - Americans are lazy, period.
But we can devalue the dollar so that the stuff we sell is cheap and the
stuff we buy from the orientals is expensive, thereby discouraging
buying from them.

Suppose the US government devalued the dollar to 1/10 of its present
value. What would happen?

All those Toyotas and cheap dvd players would suddenly become
out-of-sight expensive and would not be bought.

US cars would be the only thing we could afford and we would buy them
instead of the Toyotas.

US consumer electronics companies, if any are left, would start making
and selling dvd players.

Our exports would go through the roof.

Sounds like a winning situation.

What do you think?

went shopping today. along with billions of others, I still have a PCI (i.e.
pre-PCI-e) mainboard and if my display breaks down I cannot buy a new one
for my current system, requiring me to buy a new system, just because my
monitor doesn't work. it goes like this: sub-D is going obsolete so monitors
in a few years will not have a sub-D cable or interface. they will possibly
have a DVI interface, and most probably just an HDMI interface. so you would
be looking for a PCI video card with DVI and/or HDMI, which does not exist.
now an adapter plug DVI to sub-D exists, allowing you to attach a sub-D
monitor to a DVI video card, but no sub-D to DVI adapter plug has ever been
made, probably because DVI displays are not just physically but even
logically incompatible with sub-D, which has been the...

so let's say you see this economic collapse thing coming, and
listening to the debate about how to spend your money in the meantime.
Food and hard goods (tools, hardware, survival supplies) seem good.
But with the dollar devaluation due to be so severe, and possibly even
a run on the banks, what's the word on racking up lots of credit card
debt to invest in hard goods? I mean, what's going to happen? Money
will be worthless (?) so what's the big deal with a large credit card
bill? No one will be paying off their debts and defaults will be at
record highs. Are we expecting the banking system to collapse? If
so, then there is nothing they can do about your cards (?). If you
need, file bankruptcy and tell them to get in line. You own your home
but they can't put a lean on your house for...

Most people in the U.S. and around the World do not know at a time in the
past, not so very long ago, the USD $10 note was REDEEMABLE in gold. How
much gold, you might ask? Within the lifetime of many people now living,
it was 2/3 troy ounce ($15 = one troy ounce). Even at $35 per troy ounce
in 1934, a $10 bill could be traded for about 3/10 an ounce.

What's a $10 bill today in terms of gold? It varies, but now will buy on
the open, floating market a little over 1/100 troy ounce! If you are lost
in the arithmetic, that is one-one hundred of a troy ounce, about
one-thirtieth of what it used to buy. That is what happens when money is
debased, or removed from the time-tested precious metal standard.

Ask the U.S. Government and they will tell you the paper money is MUCH
better than gold. If you believe that, then keep selling us your oil for
fast diminishing value greenbacks. Americans love to burn gas in their
overgrown cars and pay for your imported oil with currency with absolutely
NO INTRINSIC value!

Look up the word, "sucker," then weep.

i don't see what the big deal is. there is a procedure out there for
novartis in such situation and the road is via wto. some multinationals have
become rotten spoiled and they must behave like kids.

"Tambi Dude" gmail.com> wrote in message
news:AJGdndLqbLYR4EzbnZ2dnUVZ_jqdnZ2d@comcast.com...

The United States has squandered and inflated its currency until there is
less than one troy ounce of gold for each citizen in the country. U.S.
currency is not redeemable at any official rate. Gold can be bought with
the currency, but only on the open market at varying and unpredictable
exchange rates.

As there is no official exhange rate, for citizens or foreigners or foreign
nations, there are thousands of dollars of currency in circulation or on
the books for every ounce of gold in the Fort Knox vaults.

Think of U.S. currency as backed by nothing except "faith." All this time,
the American public has been indoctrinated that China is an athiest State.
Wrong. The fact that China continues to trade in dollars backed by hot air
proves Communists have faith after all!

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