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Monetary system and Today's crisis..
  • TedIV January 2012 +1 -1
    OK straight we were sold out years ago to China, our monetary system was disband at the expense of the american people by Nixon and many other people below him cause china said that they were not able to keep up with the system? Bullshit of course, cause China bought up our monetary system (a very good portion of our gold and paper money) after Nixon and his people took down the monetary system they opened up loop holes for the filthy rich on offshore islands with out the awareness of the american public knowledge , Then the Chiness Government after buying up what the wealthy did not hide in these tax free shelters (offshore Islands) have been holding us Hostage how U ask well think about it what would happen when china floods the market with all that Gold, DUH!!!!! so our country is in deep shit thanks to Those who live on St Simmons Island, Sea Island, Fredericka Island all off the east coast shore of a state here in America, That state Being Georgia...Once again a good read is a book called power to destroy which is about the IRS from Kennedy to Nixon...I personally know some of these people and have met many.. I have pictures of a few of them on the china wall smiling..LoL once again we are in deep shit...............>>>>>>>>>>>>>>>>>>>>>>. Carter even warned us and YES Obama but were and are any americans paying attention???????????? If you know some one who was in the three asian wars korea, vietnam, Japan?? who were we really fighting? WHO!!!!! There is a large Zionist community in the china Here;;;Jews and Judaism in China have had a long history. Jewish settlers are documented in China as early as the 7th or 8th century CE, but may have arrived during the mid Han Dynasty, or even as early as 231 BCE.[1] Relatively isolated communities developed through the Tang and Song Dynasties (7-12th cent. CE) all the way through the Qing Dynasty (19th cent.), most notably in the Kaifeng Jews (the term "Chinese Jews" is often used in a restricted sense to refer to these communities). By the time of the establishment of the People's Republic of China in 1949, few if any native Chinese Jews were known to have maintained the practice of their religion and culture. In the late 20th and early 21st centuries, however, some international Jewish groups have helped Chinese Jews rediscover their heritage. In the 19th and early 20th centuries, Jewish immigrants from around the world arrived with Western commercial influences, particularly in the commercial centers of Hong Kong, which was for a time a British colony, Shanghai (the International Settlement and French Concession), and Harbin (the Trans-Siberian Railway). In the first half of the 20th century, thousands of Jewish refugees escaping from the 1917 Russian Revolution and the Holocaust in Europe arrived in China. Figured it out??? Here:::China's Jewish communities have been ethnically diverse ranging from the Jews of Kaifeng and other places during the history of Imperial China, who, it is reported, came to be more or less totally assimilated into Chinese culture, to 19th and 20th century Baghdadis, to Indians, to Ashkenazi Jews from Europe. WHAT!!!!!! I did a lot of reading in that wonderful library in Croton-on-Hudson The three schools I went to there did not like my education cause I did not believe in their fictional outtake on the life in and outside of america especially when they were not up on the current situations of america and the world..U know Hitler was an Ashkenazi Jew what word do u get when u remove the Ashke from Ashkenazi?? Learn to use a weapon and control ur temper and do it soon..cause these wealthy people have an out u know that now I hope.....Thank you Croton Free library for helping with my understanding of free and creativity outside the bondage of a public system of creating a good slave...........am I pointing out something that needs to be addressed? : )
  • KnaveDave February 2012 +1 -1
    I've posted an article about our monetary system here for anyone interested in a primer:

    http://thegreatrecession.info/blog/2012/02/the-morons-guide-to-money-what-gives-money-its-value-and-what-is-the-gold-standard/

    --Knave Dave
  • TedIV February 2012 +1 -1
    There was several good article's three years ago on the net about the truth behind Nixon's undoing of the standard one was how Nixon was lead to believe that the gold standard was not working cause several countries were not profiting and it was leaving them in lower levels of poverty, and was causing economic ruin in a similarity to the domino effect, which caused fear in to the standard cause the US was the only one profiting, so Nixon did away with the standard to save the foreign economy, and the other story goes pretty much the same but it was the collapse of China, and that Nixon who at the time used this economic ruin situation and undid the bretton woods system and was accredited with opening up china to the western world which was also a television special back then which I happened to watch on TV. it turned out that in undoing the standard some how the Chinese Gov. ended up with the gold and bought up a large portion of the american dollar and has kept the american monetary system hostage to our dollar being worthless and threats of flooding the world with gold and crashing the value of gold standard to less than a dollar.. In early times yes the money was made from gold silver and other metals that were worth the percent that it was being used for, then we have the gold doubloon and many other countries gold and also silver coins that the coin was the value of it self. Ur Blog talks about some of this which is something I read about back in 72/73..In an effort to free international trade and fund postwar reconstruction, the member states agreed to fix their exchange rates by tying their currencies to the U.S. dollar. American politicians, meanwhile, assured the rest of the world that its currency was dependable by linking the U.S. dollar to gold; $1 equaled 35 oz. of bullion. Nations also agreed to buy and sell U.S. dollars to keep their currencies within 1% of the fixed rate. And thus the golden age of the U.S. dollar began. The Bretton Woods system itself collapsed in 1971, when President Richard Nixon severed the link between the dollar and gold ( Notice they used the word collapse instead of just Nixon undid it, and then go into he severed the link between the dollar and gold) (and it should be known it did not collapse) — a decision made to prevent a run on Fort Knox, which contained only a third of the gold bullion necessary to cover the amount of dollars in foreign hands. By 1973, most major world economies had allowed their currencies to float freely against the dollar. It was a rocky transition, characterized by plummeting stock prices, skyrocketing oil prices, bank failures and inflation. (mmm I see some similarities to today and the late 60s and early 70s, could this have been going on all this time due to the nixon undoing? u mean this is not OBAMA"s FAULT...ohno!!! mitt newt!!!
    the articles have been rewritten and tell fairy tales now.. so it is nice of u to also know this, and put it out in ur Blog. Thanks...Think I might make this discussion a new discussion..