Dr Roe has explained the dire state of the economy so fluently that I've been putting off publishing anything on the subject. But since we're getting near th' end zone in our collective run for a doomsday touchdown, I might as well just drop a note to explain why it is that some of the most educated economists and business experts in th' US made decisions that are, on their face, bound to destroy the value of the US dollar.
Currency values, even those of modern fiat currency, are pretty simple. They're really controlled by just two fundamental factors. The first, confidence in the government which issues the currency, is important because money that's not backed by a hard asset (like, say, gold, or lima beans) is only backed by the solvency and integrity of the government itself. If the issuing government is not going to be around or if it's going to default on its obligations, its currency isn't worth much. The second basic thing is the same factor that controls the price of all commodities - scarcity.
Scarcity means, simply, that the less of a commodity there is, the higher its price will be. And likewise, the more of that commodity there is, the cheaper it will be. This is a basic and immutable fact of commodity trading.
The government-chartered private bank that controls our money, the Federal Reserve, explicitly told us some time ago that it would print "as much [money] as necessary" during the current crisis. Current estimates are that it has printed, that is, created out of thin air, over three trillion dollars since 2008.
IMPORTANT : THE INTRODUCTION OF MORE SUPPLY OF A COMMODITY RESULTS IN ONLY ONE THING : THE DECREASE OF PRICE
This is basic high school econ stuff. You don't need a degree in econ or finance to know this stuff. So, when econ whiz kids Ben Bernanke and Henry Paulson cooked up this scheme, they knew that printing dollars willy-nilly could have no other effect than the dilution of the dollar's value due to oversupply. That's what we call '%^&*ing massive inflation.' [Incidentally, they also would have known that eroded international confidence in the dollar would cause our big creditors -- like, say, China -- to get skittish about buying our debt, further depressing the currency]. So, knowing this and being employed by th' government -- that is, by taxpayers -- to save and not damn our economic posterior, why did they do it?
To quote Stimpy, the answer's simple, really. Just like Mark Hart made a killing betting against the housing market and Greek debt [ http://bit.ly/cIaFyO ], Bernanke and buddies are going to make a killing because they've bet against the dollar they swore to protect. That's right. I'm saying that the treasonous slaves Ben Bernanke, Timothy Geithner, Henry Paulson, and all their pals made bets against the value of the dollar and then intentionally torpedoed it with their insane monetary policy and general bailout $%#&ery. I'm not kidding. When the jig is finally up and all that extra supply coupled with a tanking economy makes your Benjamins worth less than Zig-Zags, the bald buggerers will make a quick stop at the bookmakers', pick up the vast sums of cash they've made on the bet against your future, and take their NetJets to Aruba where they will sip pina coladas whilst your neighborhood burns.
This is not like your standard conspiracy hypothesis because it is very likely to be true. Use your %^&*ing head. These people aren't stupid. They know exactly what they're doing. And what they're doing is placing bets against US currency while making decisions that they know cannot other but adversely affect it.
Got cash? Get rid of it. Sooner rather than later, you'll be better off with a wallet full of 'Bazooka Joe' comics. At least those smell good. (134,518)
Fri Feb 26, 2010 1:35 am most days I wake up and straight away start thinking about how much I'd like it if a .22 caliber slug were rattling around inside my cranium, aerating my brain and slicing away a painful slab of consciousness with each pinball ricochet. people say that suicide is a sin but it's not, it helps people die who can't stand to endure the agony of existence any more. It is mean in some ways to kill yourself because when you do it, your family and friends will be just crazy with grief and some of them might kills themselves too. But hey guess what? I didn't sign any contract that says I need to be the damned steward of my loved ones' emotions. I'm repsonsible for myself and not for them. So I can do with myself what I want and not feel guilty. It's like drugs, if you want to smoke some glue then just go ahead. You don't owe them anything, you're not a possession of anybody. Some kids say that suicide is like rebooting a computer, that you strart up a new life after killing yourself. that's a lie because after you kill yourself, that's it, there's no going back or reincarnation or any of that hippie crap. Which is good if you ask me because if you hate your leife as much as someone who wants to die does, why in the world would you want to live again> anyone who thinks like this obviously doesn't remember the sheer fshking terror of being born into this freezing and dangerous place, or the carnival of lies that makes up childhood when adults fyckign deceive you for no reason other than their own megalomania, the horror of being a teenager when it's like total confusion all the time, which is followed by adulthood when all these peoples expectations are just crushing you from everydirection.. Stupid idiots. dying is for people who want to not live and if you want to live then just fix your own stupid life and stop crying. A lot of people on latewire seem to have some anguish happening. guess what : nobody care. You should kill yourself. you shuold kill yourself. If you complain and don't do anything about it you are a god damned gnome. If you don't want to or can't fix yourself, you should kill yourself because buddy guess what, it never gets any easier.
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