"Never before has the Fed done what it's doing now"

[pretorious700]

Jim is a brilliant man, I wish he got more coverage.

[abskebabs]

Sound economics at the CFR?? What is this world coming to?

[xerosisonek]

It's not the sheep. It's the Shepherd. Goats go in the fire because they are willful. The sheep just need to stop following the wolves and follow the Good Shepherd, not become goats.

[Rizky06]

Let the World Fiat Empire Collapse!!!!!!!!!!!!!! In a Barter economy Goats are most Prized!!!!!! Baaaaaaaaaaa! but at least we won't be Sheep anymore!!!!!!

[RonRepublican]

"Give me control of a nation's money and I care not who makes her laws." Mayer Amschel Rothschild

[dreamscenicmonk]

our economic woes we're facing now are nothing compared to what they will be next year. all of this is by design, and soon, our money will be as worthless as toiletpaper. you don't think so? just wait and see what happens in February, 2009...all will be clear then.

[wnydude]

whats goin to happen?

[Cabanas751Dunhill]

Oooops, maybe the new cash is FIREPROOF;

watch?v=pc-yrWdQUXM

[updownleftrightinout]

If they (the US gov't) are printing all these dollars and the value of the relative dollar isn't decreasing then why don't they print enough to pay off all the debts and call the country debt free?

All these dollars right now are being used for deleveraging. It's been a few months so there was a hellevalot of over leveraging. The money will get out there at some point BUT WHEN?? is the question.

I'm not sure how the process works. Maybe someone on here could clue me in. Thanks in advance.

[chrikac]

You have to destroy the dollar if you want to stop deflation. The dollar is so strong now that it's destroying the economy. Deflation is just as bad as inflation if not worse.

PS - For you nut jobs out there, I am a gold standard advocate. And if you think the price of gold is going to sky rocket during a depression, perhaps you ought to research 1929 and 1930. Post your results here.

[rseveran]

The price of gold was fixed at $20.67 in the years you mentioned.

In 1933-34, the official price of gold at which the U.S. Treasury would make transactions was raised from $20.67 to $35.

[pj1681]

The price of gold really didn't matter to the private citizen or corporation after 3, April 1933. That was when FDR signed in executive order 6102 which made it illegal to hold gold with fines up to $10,000($110,000 today) and up to 10 years in prison. Also debasing the currency has never worked in saving an economy in all of history. Once this forced liquidation of American assets stops, the purchasing power of the dollar is going to fall like a rock and we will end up like the Wilmar Republic.

[rseveran]

Actually, there were a few exceptions.

Gold coin in an amount not exceeding in the aggregate $100 belonging to any one person, and gold coins having a recognized special value to collectors

There were some other exemptions, for industrial users, etc.

In the past few days the USD has indeed been falling like a rock.

[pj1681]

thanks for the info, but you see my point. even $100 back then wasn't exactly a huge amount of savings. I guess I was trying to point out the tyrannical and immoral use of coercive means that can occur the midst of a financial crisis.

[chrikac]

Only one person was prosecuted and he got off. It was an attorney who tried to withdraw 5000 ounces of gold and his bank refused. In other words, Roosevelt did it so that there would not be a panic and a run on the banks.

[chrikac]

I don't disagree. The official price was, as you note, raised. It didn't "inflate" but was raised so as to devalue the currency by 40%

[tgambill]

They are going to take the Gold after the next massive 911 happens. they will enact the 1933 Gold Confiscation Act that the Traitor FDR set up for his failed military coup of 1933. The dollar will crash, and they will move the currency to the AMERO backed by Silver. There will be riots and the CIA has set up a crime wave using MS-13 in over 3,500 cities to justify us accepting martial law. This is next. THE UN troops, and Russians over 1,000,000 are already here.

[Cabanas751Dunhill]

Why silver, IYHO.

[tgambill]

the gold will be confiscated after the dollar drops from sight and they declare a national disaster and martial law. The concentration camps are now authorized as I have been warning people in my area of influence by H.R. 645. The silver backs the AMERO, as hard currency. We paid China 800 billion AMEROS to pay a debt about 2 months ago,

[Cabanas751Dunhill]

Why the SILVER, any ideas?

[rexsojo]

Council on Foreign Relations is the school for the NWO, backers of central banking and the crimes against humanity for their secret agendas.

[ramusling]

Someone has been trying to destroy the dollar, either by design or because the FED leaders know nothing about economy. Hard to say which is worse. You better get rid of dollar assets cause they are gonna end up worthless before long. The more dollars are printed to "rescue" the economy the worse for the dollar. Money is just a means of exchange not a real value.

[chrikac]

A dollar that it too strong is just as dangerous as a "weak" dollar. They can't print enough to pay back all of the bad debt so inflation won't be an issue for quite some time.

[mistapikkles]

"Liabilities are dollar bills" Right out of his mouth at 1:17.