LDS Freedom Forum

Hogmeister wrote:Legion - What do you think of US and international banks placing trillions in excess deposits (in USD) at the FED instead of greasing the credit wheels of the economy?

The current deflationary phase with salaries taking a nose dive and unemployment and welfare programs exploding while printing dollars like its going out of style is all calculated to destroy the real economy and fool/subdue the world while doing it and it is all planned. Banks have literally trillions stashed at the FED that could be multiplied into the economy generating business as we speak. The Norwegian bank I work for (senior auditor) even have billions (USD) at the FED which is unprecedented. But this machination (using the words of a prophet) will utimately lead to the intended (or unintended) loss of confidence in the US real economy and as a result the USD. An economy that cannot produce real goods will not have a strong currency no matter which way you twist your arguments. True the US can play the game longer given its historic reserve currency status but the end will be all the more catastropic because of it and is written in scripture. A USD or any currency without public confidence or the confidence of its trading partners (Yes the US has never been more dependent on its trading partners) will become worthless almost over night. It's all in the vision of GAS, in Isaiah chapter 47, Charles D Evans dream/vision etc. This nefarious scheme that will hurt the rest of the world will backfire and will justify the rest of the world (in their own eyes), and the Lords right arm, in attacking and dividing up the US for spoils.

Legion wrote:

JohnnyL wrote:You will not be living the same life as now, 20 years form now. Heck, maybe even next year. Let's take a look:
1. Banks are free to use your money as they see fit.
2. FDIC will very soon no longer insure accounts!
3. Legislation is already open to require IRA's for all employees, but as your money goes in, it will be taken out and replaced with Treasury bonds (worthless).
4. Current private IRA's will likely follow suit.
5. The Federal Reserve contract supplying money to the USA ends next year; I'm expecting the renegotiation will be a killer.
6. The US dollar is losing value, and will continue to lose value. As mentioned before, it is losing its place as the unit of international monetary exchange. China, Russia, and others (even our allies) will no longer use it to buy oil from each other, etc.
7. Unemployment will likely go up by 4% in the next quarter or half.

Is that pretty valid, based on what's been posted here and otherwise? Is there more to add?

#6 is bogus. A whole lot of global debt denominated in dollars....that therefore must be paid back in dollars. Thus the scramble by the European central bank as well as the Federal Reserve to provide dollar liquidity to the European nations....albeit unsuccessfully to date (because it still involves a loan with interest).

The key problem is not enough dollars in circulation. That's what kicked off the troubles in 2008 and it continues to be a severe problem with drastic economic consequences (like falling demand which leads to #7).

Legion wrote:

Legion wrote:

JohnnyL wrote:You will not be living the same life as now, 20 years form now. Heck, maybe even next year. Let's take a look:
1. Banks are free to use your money as they see fit.
2. FDIC will very soon no longer insure accounts!
3. Legislation is already open to require IRA's for all employees, but as your money goes in, it will be taken out and replaced with Treasury bonds (worthless).
4. Current private IRA's will likely follow suit.
5. The Federal Reserve contract supplying money to the USA ends next year; I'm expecting the renegotiation will be a killer.
6. The US dollar is losing value, and will continue to lose value. As mentioned before, it is losing its place as the unit of international monetary exchange. China, Russia, and others (even our allies) will no longer use it to buy oil from each other, etc.
7. Unemployment will likely go up by 4% in the next quarter or half.

Is that pretty valid, based on what's been posted here and otherwise? Is there more to add?

#6 is bogus. A whole lot of global debt denominated in dollars....that therefore must be paid back in dollars. Thus the scramble by the European central bank as well as the Federal Reserve to provide dollar liquidity to the European nations....albeit unsuccessfully to date (because it still involves a loan with interest).

The key problem is not enough dollars in circulation. That's what kicked off the troubles in 2008 and it continues to be a severe problem with drastic economic consequences (like falling demand which leads to #7).

One year anniversary. Anything changed?

Thomas wrote:

Legion wrote:One year anniversary. Anything changed?

You been grocery shopping lately? I don't see any prices coming down. Up,up and away. Sooner or later the fed will pay the price for pushing gold down. China will rule with their new currency. The dollar will be garbage. Everyone will default on the debt. There is more than one currency in this world. Having the world's reserve currency is a two edged sword. What is good for domestic supply can be the opposite for foreign supply. It is quite a juggling act. How many dollars have been loaned to foreign countries that has been written off? How much money has the fed spread around the world, never to be paid back. Some sources say 27 trillion in just 2008 alone. How many dollars are circulating around the world, not tied to any debt? Not quite the simple equation you make it out to be.

fyi...food and energy are not good indicators of inflation vs deflation

We have to have food and energy regardless of the price - i.e. monopoly

energy is dependent upon energy. It takes energy to obtain energy. As we progress the equation tends to get lopsided due to the type of energy that we most rely on.

Food is an entirely different animal. One that is dependent upon soil (soil that is being destroyed - herbicide, fungicide, pesticide, gmo, etc etc etc)...as well as dependent upon God (in a world of increasing natural disasters)...as well as dependent upon energy (ever do the energy equation to see how much fuel is required to prepare the ground, plant the seed, fertilize, the 'cides, harvest, transport, etc etc etc???)

Thus in a declining energy and rising energy acquisition costs....there is tremendous pressure on food prices...all a completely separate issue from the argument over how much money is floating around in the system.

My understanding of cost of production for silver and gold (specifically silver) is far different than what the silver sales folks talking their book are saying. $8.88 an ounce anyone????

keep the faith wrote:Read Martin Armstrongs blog. He is one of the few who actually has gotten it right over the years. In 2011 he told everyone to get out of precious metals and jump into the equities market.