Doctor's In: To Samuel Clemens and His Responses to My Post
To Samuel Clemens and His Responses to My Post
S.C., Regarding your comments on inflation: Inflation is a fact of life. I agree printing vast amounts of currency reduces the value of that currency. On the surface that is a bad thing. That aside, I watch the dollar in relationship to other currencies as my guide. All things considered the dollar has held up pretty well.
We are still the country with the safest bet for investments. China with all the positve press on their economy isn't close to the size or complexity of our economy not to forget their not addressing environmental concerns, paying labor at slave levels, and the brutality of the Chinese regime. Whenever people are told to stand up and wave flags when their leader visits - lookout! I remember those events when I lived in the Philippines. Mr. and Mrs. Marcos loved demonstrations for their benefit. If that is only an opinion, you need to do some reading. I read somewhere that if you added all the european nations together including Asian countries (possibly excluding Germany) they wouldn't come close to our GNP.
Again, on the dollar issue, better to print and inflate for debts have to be paid and the industries which uplifts the middleclass with jobs must be protected. It would be a disaster if we defaulted on our debt. Berneke is correct on how he is manageing things considering the problems. I fully supported the bailouts. Many companies have paid back their debt. Imagine if the big three went under. The options were food lines and a depression that would have eclipsed 1929. Was it criminal that banks and financial institutions used it as corporate welfare and enriched salaries and added bonuses- absolutely. Abusers should go to jail.
On gold - it has had a great run but watch it. It got hit hard today and has been extremely eradic for the last quarter. I wouldn't bank on smart money buying gold and that includes smart countries. It is too speculative and unpredictable. Again - look at the dollar - with all the printing and I am hoping to see the bleeding stop - it is holding up. I am not a seer - I base my judgements on past performance. You may disagree with me - that's fine. That's enough for this blog.
Who is WILLIAM BINNEY?
11:18 pm on Tuesday, October 16, 2012
If only you actually responded to what I posted.
Conjecture, opinion, living in a major bubble. Go tell the average person the dollar has held up well when they are exiting the grocery stores.
Please tell everybody how the dollar is doing so well when China is no longer purchasing Treasuries as they have....Japan isn't either. Wonder who is subsidizing the debt?
It is a fact.........the Federal Reserve has utterly destroyed the purchasing power of the average person as the world is moving away from the dollar.
The Federal Reserve is printing money out of thin air to finance the Federal Debt and we pay back the interest on this Monopoly money............what's so great about that? You enjoy paying criminals for manufactured wealth? Heck, if we can just print wealth, we might as well quit working and have Federal Reserve notes printed for all us.
The financial system is a fraud. You really want me to believe a $100 bill is worth more than a $1.00 bill because of how the 1 0 0 is printed? This WAS an accepted premise, but times are changing.
The world is awakening to the reality of the dollar being worthless. You choose to have your opinion, opposed to looking into reality. I've provided quite a few areas to show what you do not want to see.
And please, can you write one article without calling for Govt intervention. Let's stop encouraging this to be a nation of grown children.
Marc J. Yacht MD, MPH
11:31 pm on Tuesday, October 16, 2012
I Appreciate your interest and comments. See my final post on the subject and thank you. I am sure we will do it again on future posts. MJY
Mark S. Hankins
12:10 pm on Wednesday, October 17, 2012
The dollar is no longer the global reserve currency. In the last year, China has negotiated agreements with Russia, Australia, Japan, Iran, Brazil and the Standard Bank in Africa that omit the dollar.
The dollars that nations no longer need to hold in order to trade will be coming back to the U.S. As these nations stop themselves from being extorted, our inflation will no longer be able to be exported. At that point, the dollar is dead, unless we are somehow able to uphold it at gunpoint (which may well be taking place with respect to Iran as we speak). A thoroughly spanked Iran may make the rest (including China) change their minds. Or not.
Marc J. Yacht MD, MPH
12:50 pm on Wednesday, October 17, 2012
Mark: Interesting comment. Both you and S.C. have helped me understand the potential trouble for the dollar. I am optimistic that the U.S. printing presses will stop. I also stand by the fact that there was little choice but to start printing currency and agree with both Bush and Obama that the U.S. financial collapse had to be stemmed at all costs. I have very much appreciated these challenges to my blog and continue to hope to see such discourse in future postings. MJY
Mark S. Hankins
11:36 am on Thursday, October 18, 2012
The notion that the U.S. financial collapse had to be stemmed at all costs is what got us into this mess. If you're up a rickety ladder so far that if you fall you're going to break your leg isn't it lunacy to continue to climb so high you'll break your neck or even be killed if you fall? Every nation on Earth that has gone to a fiat currency has eventually had hyperinflation and had to start over from scratch. It would be an awesome achievement to be the one that backed down before that happened.
Who is WILLIAM BINNEY?
1:46 pm on Wednesday, October 17, 2012
That's all I am attempting to do........awaken others. I am not like most on here, I actually care about others and truly believe in what I am stating. I do not know much, but I do know we are in trouble as a people due to what has been occurring the past 100 years.
Like Mark alluded to, China and Russia starting to trade oil in Yuan and not the Pertodollar......was a major red flag. India is hopping on board too.
Heck, Qaddafi was attempting to move towards Oil being purchased with Gold, opposed to dollar$$$. America and the British crown couldn't have this happening, hence the overthrow. Sure, you won't here this truth on the evening news, but then again, the majority of what I have posted AND will post seems to always be hidden in plain view.
I do not agree with the debasing of the currency via all the printing, but if the stimulus had actually helped the people, I possibly could have lent support too.....but as it is, the bailouts was more crony capitalism. Criminals helping out their criminal friends.
There's reports surfacing the entire TARP program was designed for Citi........and Citi alone. Heck, they practically repealed Glass Steagall for Citigroup since it's creation broke the law prior to the repeal. They knew what they were doing when they repealed this act..........it led to what should be termed as "Mortgage-gate." And it was both R and D administrations bowing down to these criminals.
Who is WILLIAM BINNEY?
1:54 pm on Wednesday, October 17, 2012
^^^hear.....not here^^^^^. I type so fast, my brain gets a little jumbled!
That is what they are.....criminals. Were you aware or did you even look into the Corzine and Diamond stuff? They are literally criminal gangsters and they have the backing of our elected politicians. The fractional reserve banking is so freaking crazy, it blows my mind. I wish I could create money out of thin air, to loan to others.......with interest. These bankers take our hard earned funds and loan out basically $9 for every $1.........$90 for every $10........$900 for every $100. They earn interest on money created out of thin air and they need bailed out? It's criminal how we are enslaved by this fictitious debt.
People claim there is a separation of Church and State..........I say we enforce a SEPARATION OF BUSINESS AND STATE. I would love to see these people attempt to make it on their own, without having their debt burden placed onto the backs of us, the taxpayers.
As long as long as articles are being posted here, I will gladly play the part of the contrarian. I do not enjoy being the one to always look at things differently, but if we all agreed on everything, would we ever learn? Nope, so be thankful you have some folks here attempting to enlighten others. We all can learn from one another if we are willing to have an open mind. Read the comments on the Patch and it's quite evident, most minds are closed, locked, with little hope of any change.
Who is WILLIAM BINNEY?
1:55 pm on Wednesday, October 17, 2012
If you truly want to learn more about non-revisionist history and the financial system, THE CREATURE FROM JEKYLL ISLAND is a must read. Really want to learn, go get this book.
Mark S. Hankins
5:45 pm on Wednesday, October 17, 2012
This is a good starting point for someone who wants the meat of what's coming down:
http://www.infowars.com/lindsey-williams-the-final-countdown/
Who is WILLIAM BINNEY?
1:05 pm on Thursday, October 18, 2012
CONSPIRACY THEORIST!!!!!!!!!!!!!!
I wish more people listened to Alex Jones...........or even our local "Liberty Underground" show Fridays 9-11am on AM 1340 & 1350.
The sooner the masses turn off the idiot box and start tuning into reality, the sooner we can enact the changes we need.
Mark S. Hankins
11:37 am on Tuesday, October 23, 2012
Bernanke is playing with fire. Apparently the belief is that if you can beat some of the weaker players with a bluff, you will wind up with enough chips to go up against the stronger players.
http://www.zerohedge.com/contributed/2012-10-23/bernanke-%E2%80%93-i-want-bust-hkma