Gore Vidal on Imperial America (1/2)

Gore reflects on the dangers of US imperialism on Democracy Now:

http://www.democracynow.org/

Category:

News & Politics

Tags:

• Gore Vidal
• Amy Goodman
• Juan Gonzalez
• Imperialism
• Noam Chomsky
• Howard Zinn
• Robert Fisk
• George Galloway
• Norman Finkelstein
• George Bush
• War on Terror
• America

[Svenhartley]

who is the woman at the begining?

[MenOfLetters]

@Svenhartley

The lady is Amy Goodman, the host of the great news broadcast Democracy Now. You will find similiar material as this if you drop by their website.

[conantdog]

Educate yourself and watch

"The creature from Jekyll island " About the Federal Reserve. Then talk about Gold and Money.

[kessass83]

You can check the price of Oil, food, and anything else have remained the same or even decrease during the last 100 years, and real estate actually decreased quite a lot and the salaries of cause lost a lot of purchasing power.

[kessass83]

The price of Gold rises. Because they know that the dollar only good as long as its sustain its value against gold and other materials. Now these exporters want to get the same amount of gold for the the same amount of oil sold as last year, so they rise their prices. This vicious circle occurs anytime when Central bank prints extra dollars. And this is the main reason why US government tries to keep the dollar as low as possible because it is the barometer of real money

[kessass83]

So if the total amount of dollars increased by 50%, and if they spend 20% of total amount on gold, this year they spent 100,000 more on gold than last year or 20% increase. Now because there is only 2% increase of extracted gold worldwide, so 20% of increased paper money chase only 2% of extracted gold from deep earth. Now because these countries want to get the same amount of gold for the same amount of exported oil as last year,

[kessass83]

When these players get these dollars they keep a certain amount of dollars in their vaults in the form of US treasury ("Safe heaven"), or buy some shares and after that they buy gold. Now because all the players still not invaded has more dollars, lets say last year they sold for 1 M dollar and this year for 1,5 million, which is 50% increase. Now lest say this year they again proportionally they spend their dollars on Shares, treasuries and gold, and gold stand at 20% of reserve.

[terrygand]

@kessass83 ...mm Thanks for your comments, it was most interesting !

[kessass83]

about terrorist in that invaded country. Now companies borrow money to invest in new equipment to build these machines. Because US army already used all the credit and savings that society accumulated per year plus extra printed money, The central bank lend at 0% to the national bank that serves that company and provides credit. Well, this last only for a while, because other players still not invaded get more and more dollars or as we know increased demand.

[kessass83]

Now, when the country finished to be invaded, there is an instant need to rebuild the country. The US companies or so called "selected companies" bid to rebuild it and gets very lucrative deals. In return invaded country promises to give oil for "democracy" in return for food, or if lucky dollars. Now what is happening at home. There is demand for machines and other heavy industries to rebuild that country, so economy growths, people get employed and Media propaganda streaming

[kessass83]

If I can let me divide how the system works. At the top of Pyramid is Central Bank. The central bank issue currency, and even better it is reserved currency of the word. To enforce that Status the right hand of Central bank is US military force worldwide. If some countries where Oil and other raw materials decides to switch from dollar to other currency, US army attack that country at any cost, because it enables the dollar to keep its value that is peggedwith these commodities and the Econ Back

[Svenhartley]

@MenOfLetters Thanks!