Alternative currency in your future?
Temlakos~POTL~PWCM~JLA~☆
2012/03/24 14:52:37
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21 votes
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55% | |||
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6 votes
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16% | |||
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11 votes
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29% | |||
Will Americans ever use alternative currency in numbers to challenge the
regular currency? News flash: the Greeks turned to alternative currency
last fall, and the Greek government won’t stop them. And some say that
Americans might have to use alternative currency, whether the government likes it or not.
regular currency? News flash: the Greeks turned to alternative currency
last fall, and the Greek government won’t stop them. And some say that
Americans might have to use alternative currency, whether the government likes it or not.
Read More: http://www.conservativenewsandviews.com/2012/03/24...
Top Opinion
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Yes. The US dollar, the euro, and other fiat currencies are collapsing already.
+6Fiat currencies are "Gentlemen's Agreements." They last only so long as people behave--well, like "gentlemen." They're not--not anymore. We are headed for hyper-inflation, and will have to trade in anything but dollars before too long. And even if we manage to "win" this next election, the Fed has got to go. Alternative currencies are the way forward.
http://news.yahoo.com/blogs/t...
(1) Low budget deficits.
(2) Zero targeted inflation.
(3) Property rights respected.
(4) Low government corruption.
(5) Self sufficient in energy.
There are actually 4-5 countries that meet the tests, but they are far too small to serve as a world reserve currency.
The best solution to monetization of debt is for nations to amend their Constitutions to allow states and provinces to issue competing hard metal backed currency. While these alternative currencies would probably be small relative to the national currency, they would soar relative to the national currency if the latter is mismanaged, forcing central banks not to inflate. And the state currencies would not cause inflation, because they are backed by precious metal.
$2.75 a pound. bag last year. This year it $8 a pound. If that isn't inflation, what is?
Bitcoin is already available. I don't use it but it sounds interesting. Check it out.
http://bitcoin.org/
All the signs are there that our economy can not and is not going to last more than a couple of years unless drastic measures are taken, and so far there is little evidence that Washington has the back bone or balls to make the changes needed.
If we're supposed to have faith in our dollar backed by gold,... we're in deep Bandini because Johnson sold off a lot of our 99.9% and the vaults at Ft. Knox are echo chambers.
Who knows what Kennedy had in the works but the one thing in common all 4 assassinated Presidents had was messin' with the currency.
I use the barter system every chance I get.
scary isn't it ??
Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery - Is This The Beginning Of The End For The Petrodollar?
http://theeconomiccollapseblo...
As for alternative currency, there's some silver in the dimes made before 1965. You're going to need a bunch of them to come up with $100 worth but...
I understand there is a coin going around called the Bitcoin being used in some circles.
I would use an alternate currency if it were widely accepted.
Pesident Barack Obama's 2012 budget proposal asks Congress to devote millions of more dollars for a new trade enforcement center and more U.S. inspectors in China. The Obama and his administration are looking to take aim at unfair trade practices abroad to boost U.S. manufacturing and exports as he tries to win over voters and improve the economy in this election year.
Calling the country a "cheater," Romney promises to impose a variety of trade restrictions on China if they don't comply with what he calls intellectual property laws and allow their currency to float freely in foreign exchange markets.
"I'll clamp down on the cheaters" says Romeny, "and China is the worst example" as he unrolled his plan for job creation in Las Vegas.
"If they cheat, there is a price to pay," he added. "I don't want a trade war, but I don't want a trade surrender either."
Yet Paul stands strong and tells us that much like the Smoot-Hawley Tariffs that set off a global trade war and effectively doomed us to ten more years of economic misery, Obama’s decision to enact steep tariffs on Chinese imports could spark a trade war with the single most important trading partner w...
Pesident Barack Obama's 2012 budget proposal asks Congress to devote millions of more dollars for a new trade enforcement center and more U.S. inspectors in China. The Obama and his administration are looking to take aim at unfair trade practices abroad to boost U.S. manufacturing and exports as he tries to win over voters and improve the economy in this election year.
Calling the country a "cheater," Romney promises to impose a variety of trade restrictions on China if they don't comply with what he calls intellectual property laws and allow their currency to float freely in foreign exchange markets.
"I'll clamp down on the cheaters" says Romeny, "and China is the worst example" as he unrolled his plan for job creation in Las Vegas.
"If they cheat, there is a price to pay," he added. "I don't want a trade war, but I don't want a trade surrender either."
Yet Paul stands strong and tells us that much like the Smoot-Hawley Tariffs that set off a global trade war and effectively doomed us to ten more years of economic misery, Obama’s decision to enact steep tariffs on Chinese imports could spark a trade war with the single most important trading partner we have.
We might not like it because we know we should never have reached this point in our economy. We are here because of our governments bad business choices; but lets be honest with ourselves not only does China manufacture a whole host of products that end up on American store shelves, they are also still buying our Treasury debt." do you wish Obama or Romney to continue to direct America using even more sanctions against a sovereign nation?
Obama vs. Romney - What's the Difference?
If you like Obamacare, then vote for Romney or vote for Obama. It really does not matter. If you support war-mongering then vote for Obama or vote for Romney, it really does not matter. On Mideast policies, it does not matter. On trade, it does not matter.
Other than a small number of social issues like abortion, it simply does not matter.
You know who I support and its NOT the status quo ...
I've been collecting these for a long time.