The American Dream By The Provocateur Network

Explaing how the Federal Reseve System works, an how it affect each one of us and the Country as a whole is difficult. USAT Member Amerikan Woman was kind enough to let me know about this video. It's one of the best and easiest to understand presentations I've seen yet

Silver to paper, to?

I'm going to leave Obama and his vacation on the other side of the Planet for the moment.  It's unlikely he'll do anything that will cause immediate damage.  I predict he won't do much more than prove once again he's more politician than statesman.  The real damage has been done much closer to home.  With the exception of the business community, most Americans didn't pay much attention to the Federal Reserve Bank.  Running out of tricks, the Fed decided to try a last ditch effort to stimulate the economy.  They Purposely Devalued the US Dollar.  It's an old trick, in a conversation earlier Lewis, a Grumpy Contributor, who actually understands how the Money Supply Works, and who I wish I could have conned into trying to explained it, put it to me this way;

I think what's going on now with the FED does have something to do with wanting to devalue the currency to make our economy more competitive internationally. However, I believe the main reason is that there simply isn't the demand for more US debt internationally. So the FED is bailing out Congress right now. It is monetizing the debt. This will eventually lead to hyperinflation. The only reason the first round of QE didn't do that, was because the commercial banks were too afraid to lend, and they could get a safe return with US treasuries and shoring up their reserves with the FED.


Also, those commodity spikes we've been seeing recently will hit the stores eventually, full force. Probably starting early next year.

Like I said, monetary policy is very difficult to understand. Good luck trying to explain it to the masses. The best way you can put it is - government counterfeiting. That's really all it is. All states attempt to counterfeit, and devalue the currency. Rome did it by clipping parts of gold and silver coins. We're in the digital age now, with no currency anywhere backed up by anything. It's very dangerous territory. I think we will eventually see a world-wide collapse at some point.