myPlanetGanja.com

bentech wrote:“Eventually, what's going to happen is it's going to be the demand for those dollars is going to collapse, not the supply. And when the demand for dollars collapses, then the price of the dollar collapses. You get massive inflation. That is what is coming."

That is one of the reasons the Fed has a goal of a 2% artificially induced inflation rate...it is supposed to help counter that. They tout that as being good for the economy, as it increases the $ value of GDP, but what they fail to factor in is the fact that doing so effectively steals money out of the pockets of every USD holder, which is bad for the economy. Theoretically it's a wash overall, but in reality it's a transfer of wealth...you get the $ (soon to be worth less), they get the resources (soon to be worth more).

I thought the mild inflations was purposeful in order to discourage hording?

Think aboot who's hording that stifles.

Washington's use of payment systems for political purposes undermines the US dollar as a global currency, said Russian President Vladimir Putin at the BRICS Summit in South Africa.
According to Putin, Russia has no intention of getting rid of the US dollar, as the currency is widely used in international trade and business.
"We will continue to use the US dollar unless the United States prevents us from doing so," said Putin in his address to BRICS leaders on Friday.
Putin explained Russia's liquidation of US Treasury holding and increasing of national gold reserves as a strategy to minimize risks.
The Russian president emphasized the need for other currencies in global trade, and the emergence of new reserve currencies like the ruble.


https://www.rt.com/business/434433-puti ... th-africa/" onclick="window.open(this.href);return false;

Turkey’s Erdogan calls on global trading partners to smash US dollar’s ‘monopoly’

Turkey will pursue non-dollar transactions in trade and investment with other countries, President Recep Tayyip Erdogan said in response to US sanctions. He compared the US’ behavior towards his country to “wild wolves.”
“We need to gradually end the monopoly of the dollar once and for all by using local and national currency among us,” Erdogan said at a business forum in Kyrgyzstan.
According to the Turkish president, a dollar-linked system which was designed to simplify global trade has turned into a major problem. The purpose of manipulating currency rates is to cast doubt on the strong and healthy Turkish economy, Erdogan said.

“America behaves like wild wolves. Don’t believe them,” Erdogan said. “Using the dollar only damages us. We will not give up. We will be victorious.”

https://www.rt.com/business/437481-erdo ... us-dollar/" onclick="window.open(this.href);return false;

https://www.rt.com/business/437595-post ... lar-world/" onclick="window.open(this.href);return false;

china might have 20,000 tons of gold

...and US has none.

If oil trade divests from USD, USD will falter and interest rates on treasuries will have to increase to reflect that. If those rates increase just .25%, US annual interest payments will jump over $54 billion. And that's just the first domino...there are lots of treasury based investments.

1971:
OPEC oil embargo.
Nixon ended gold standard.
National debt...$.4 trillion

2018:
National debt...$21.5 trillion

Coincidence?...hmm

Whoops, treasuries rates have increased %1.75 since Trump was elected.
Guess we didn't need that extra $378 billion a year in interest.
Good thing the news is all over that shit.

SMOKE MIRRORS

The whole of the global banking monetary system is smoke and mirrors. The Debt is merely the amount of currency in circulation. Since currency is a note of debt, and is actually a liability, then all currency is pure debt. The paradox is in the fraudulent nature of having a debt instrument used as the legal tender for the payment of this debt. In theory, everything purchased with the us dollar becomes collateral for the debt represented by the note. You can't pay a debt with a debt, you can only satisfy a debt with something of value. Knowing this, every thing you think you own, is actually the banks in legal title, and you have equitable title. This guarantees that the banks get it all in the end.

Public debt = private savings. Think about what that means.

the repeal the fed guys I know make a point of that debts can no longer be paid
only transferred

nobody can capsulize this subject to my satisfaction.
all I see is innumerable avenues from which to ferret out a bag guy in some layer of this process and live with the righteous animosity that goes with seeing something this way

unfortunately all these various animosities never act together or add up to stopping the process which is so developed now soas to choose individuals and roles in their own organization to BE the targets of 'next years news' about what we should be mad about...