I have not read the article or pamphlet pogo, but I know what he told roosevelt in their one and only meeting..massive defecit spending.....go figure...those were the times...

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

Bis interimitur qui suis armis perit...

Dollar hegemony has had a good run, no doubt, and if we weren't so greedy it would have lasted considerably longer. Only question now is how precipitous will the slide be.

Bets, anyone?

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...If you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.

Sir Josiah Stamp, Director of the Bank of England, 1927

thats interesting pogo..I read somewhere, that in 1960 we had enough bullion etc. to back up 65% of our cash...by 1990 that had disappeared, along the lines of 20% left........

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

Bis interimitur qui suis armis perit...

I'd love to know exactly how much physical gold is left in Fort Knox. I'd guess less than 20%.

Of course, if we peons actually knew, it might spoil the game -- or are we so stupefied that it wouldn't make a bit of difference?

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...If you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.

Sir Josiah Stamp, Director of the Bank of England, 1927

Well, you cannot count it that way. Many countries around the world use Fort Knox as their gold bank. When they pay each other in gold, the payment goes from one room to the other at Fort Knox.

What you would ask is: how much of the US gold is left?

Then again, why do we need gold? The purpose of money is not to be able to buy or sell gold, but to buy and sell things we can use. Money is not gold, gold is not money. As a matter of fact, over the last decades the price of gold has been steadily shrinking on a long term basis, versus the price of most countries' money. Thus, it has been better to have a currency that is independent of the price of gold during this time.

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President Josiah Bartlet: Sweden has a 100% literacy rate. 100%! How do they do that?
Leo McGarry: Maybe they don't and they can't add.

The funny part, of course, is that these same types of propoganda, lies, and attack pieces are the very things which Clinton supporters will use as "evidence" as to why a Republican shouldn't be elected...

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Science flies you to the moon. Religion flies you into buildings...

Fiat money is fine if one has the ability to back it with a positive trade balance and responsible fiscal management. Unfortunately the US lost those capabilities decades ago.

In 1975 Gold was $180/oz, it currently brings in excess of $700/oz. Looking at the purchasing power of a USD in 1975 compared to 2006 is depressing.

You might as well ask why should we have our accounts in order.

It's certainly been profitable for the few to have an arrangement where money is printed to make up for accounting imbalances but isn't this antithetical to the tenets of capitalism?

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...If you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.

Sir Josiah Stamp, Director of the Bank of England, 1927

I am as opposed to wilfully created inflation through the printing press as most people. However, I cannot see a currency tied to the value of gold as a means to prevent that from happening.

A currency is a commodity like anything else. Its value depends on infinitely many factors. I like to see a government policy that makes what it can to preserve the value of the currency, but gold is not the answer.

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President Josiah Bartlet: Sweden has a 100% literacy rate. 100%! How do they do that?
Leo McGarry: Maybe they don't and they can't add.

So you are in favor of fractional reserve banking?

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...If you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.

Sir Josiah Stamp, Director of the Bank of England, 1927

She's gonna change the gender of the US Presidency.

What more do you want?

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From what I know of it, it seems like a good idea.

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President Josiah Bartlet: Sweden has a 100% literacy rate. 100%! How do they do that?
Leo McGarry: Maybe they don't and they can't add.

I believe the word "presidency" in English belongs to the neuter gender. What is it going to change into?

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President Josiah Bartlet: Sweden has a 100% literacy rate. 100%! How do they do that?
Leo McGarry: Maybe they don't and they can't add.

Called on to release nearly two million pages of documents located at the William J. Clinton Presidential Library in Little Rock, AR., the Los Angeles Times reports that calendars, memos and reams of other records from the office of the first lady in the Clinton administration will stay off-limits to public scrutiny until after the 2008 presidential election, according to federal archivists at the Clinton presidential library.

In addition to the two million documents, there are also said to be more than 1,000 relating to Sen. Clinton’s efforts to enact Hillary-Care.

The library’s chief archivist does not expect the documents to be released until after the ’08 Presidential Election.

The documents detail her tenure as first lady and are said to contain memos, diaries, telephone logs, appointment logs, calendars, daily planners, and schedules.

What is Hillary hiding ? Why would these documents be held until AFTER the 2008 presidential election ?

Can you imagine some of the comments in those pages that Bill and Hillary consider to be obstacles to their returning to the White House ?

They're HIDING them from us, they can't be TOO nice.

Stop Her Now: What is Hillary Hiding?

Michelle Malkin » What is Hillary hiding?


...she goes to great lengths to make sure she doesn't get cornered.

Clinton, of course, is risk averse to a fault. She's got a big lead in the primary polls and probably can't be beat unless she beats herself. She greatly reduces the chances of that by avoiding anybody carrying a camera or a notebook.

Even after Bush's crucial prime-time address, when most candidates rushed to give their take, Clinton offered only a lackluster printed statement. And ditto for her response after GOP tag-teamers Rudy Giuliani and John McCain bashed her for attacking Petraeus and not rebuking the radical MoveOn.org for its smear of him.

To say the cat's got Hillary's tongue doesn't begin to address the mystery of why someone who wants to be President can't speak spontaneously more often. When the goin' gets tough, Clinton sends out a messenger or a carefully crafted printed statement. Would the imperial candidate be an imperial President? Is the Wizard of Oz behind the curtain?

Silence far from golden when a Prez wanna-be is afraid to talk the talk

Peek-a-boo Hillary !!

You're not looking like presidential material at ALL.

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Something wicked this way comes.

Do you have any idea how much effort goes into propping up the price of gold? More than diamonds I expect.

Suffice it to say that more gold has been found in the last ten years than in all of history added together. That means big supply. And gold has so little application outside of consumer jewellery (low demand) that it takes considerable efforts of the Central Banks not to send the price of gold crashing down to mere pennies with their ongoing plans to divest of gold reserves. It has taken decades for the world's central banks to reduce their gold reserves without sending the price into a downward spiral.

The weakness of gold pricing in the face of face years of war in the Middle East ought to tell you all that gold's traditional value 'reserve' value is long gone now.

The value of gold is as trustworthy and as artificial as fiat money.