| Author | Message | ||
    Verlanis Member Post Number: 91 Registered: 10-2012 |
@ Newinitiation, The dollar became backed by oil when the USA signed a treaty/ trade agreement with Saudi Arabia to trade dollars for oil under Richard Nixon's presidency and which is still in effect to this very day. Enjoy the disinformation campaign about the dollar being backed by debt only. The Gold Standard doesn't work now for one simple reason: Gold is a useable resource because of electronics, and the same applies to silver. Gold, historically, was great as a storage of value to back money with, but a little object called a computer processor changed that scenario. Jack -- | ||
Votan Member Post Number: 201 Registered: 12-2011 |
As soon as this money system goes the better humanity would be. No more wars and no more rich and poor. It is all about control of the masses. joe | ||
Votan Member Post Number: 202 Registered: 12-2011 |
Billwillson12 You are so right, we all see things in a different way. joe | ||
Votan Member Post Number: 203 Registered: 12-2011 |
Verlanis Do you really know about the credit system? We all think we know about everything. joe | ||
Earthling Member Post Number: 846 Registered: 05-2008 |
Here's yet another useless opinion on the $USD vs. gold & silver. The $USD trades against a basket of other currencies, so the likely-hood of it flushing down the toilet is slim to none barring some out of the blue catastrophe like an asteroid strike, a mega-tsunamai of death & destruction which would delight some of the folks here, no doubt, or rolling fires across the US, etc ... The fact that it trades against the Euro, the Japanese Yen, the Aussie Dollar, the Russian Ruble, the Chinese Renminbi, so on and so forth, makes it nearly impossible for it to flush down the toilet. What's so great about all those other economies & countries that is gonna send the USDollar into a tailspin? Exactly, nothing. In general, currencies do well when their economies are growing & thriving. So since, India seems to be going well, perhaps you'd be interested in the Indian Rupee, perhaps? Exactly, you would not, unless you're planning to live there or do live there. However, since the the not-so good ole USofA are printing money, have trillions in debt, etc, inflation is most certainly finally being recognized and in such a scenario, gold & silver should do well against any currency, including the $USD. The downside for gold is maybe $500 but the upside could be thousands, over time. How much time, who knows. Same goes for silver. That is my two cents. Declining with inflation, naturally. http://beam2eng.blogspot.com/ Bruce | ||
Matt Member Post Number: 443 Registered: 04-2006 |
Newinitiation, I already own a house on acres of farmable land in Australia. I have some money in the bank and that's what I was thinking of converting into Silver. If TSHTF I think it's better to have that into something tangible such as a precious metal then money in the bank. | ||
Matt Member Post Number: 444 Registered: 04-2006 |
"The $USD trades against a basket of other currencies, so the likely-hood of it flushing down the toilet is slim to none barring some out of the blue catastrophe like an asteroid strike,..." Bruce, are you saying the US dollar is safe and will always hold it's own against all other currencies? When Billy spoke about the likely coming collapse of the US dollar he didn't say that other currencies would collapse with it too. It was just about the US dollar. If the US dollar collapses it would naturally affect some other currencies, but I doubt it would make most or all others collapse to the same level the US dollar will. Also if that were to happen, I think Billy would have said so when he spoke about the collapse of the US dollar. Billy said that China will be the world's next superpower. The US with all its debt is in a bad, bad position, especially now when one considers that many other (big) countries are now starting to move away from trading in US dollars and instead using their own, like China, Russia, Europe, ect. Imo, it doesn't look at all good for the future health of the US dollar. | ||
Votan Member Post Number: 204 Registered: 12-2011 |
Matt Are you aware that China has the most Gold reserves. It invites foreign countries to mine them but does not allow them to export out. Interesting , why would they do that? joe | ||
Newinitiation Member Post Number: 1196 Registered: 07-2005 |
Jack holy macaroni Where did you get the information that the US dollar is backed by oil? | ||
Newinitiation Member Post Number: 1198 Registered: 07-2005 |
Bruce Ummmmmmmm I wonder why the Russians, the Chinese, the Brazilians, the South Africans and the Indians are trying to get off the petrodollar. I wonder why Saddam's country was invaded on the fraudulent pretext of the nonexistent weapons of mass destruction. I wonder why Gaddafi was liquidated I wonder what the Ukrainian crisis was really all about Look at what is happening out there Bruce, people are working their butts off trying to get off the US petrodollar and create their own mechanism for trade. If countries no longer trust the dollar they'll stop using it for trade and if more countries stop using the dollar and defer to their own currencies especially for trade in oil and energy then just think for a moment what the consequences would be for the United States. | ||
Newinitiation Member Post Number: 1199 Registered: 07-2005 |
Good for you Matt all you need to do now is to make that land work for you. | ||
Earthling Member Post Number: 847 Registered: 05-2008 |
Matt, I am saying the $USD is as safe as any other paper currency, some may be stronger, some weaker, as always has been the case, which means it will go up, down, as it always has, in a swinging wave-based pattern, if I may borrow the expression. Since the US Dollar's worth is pegged against other currencies, it's always relative to them, therefore, theoretically the country with the least debt, growing the fastest, with the least rate of inflation, should have the strongest currency relative to it's competitor country-currencies. This world is so globally intertwined that it is not in China's interest for the US or the $USD to collapse as they have much invested here. For instance they hold much of our debt in the form of treasury bonds among other assets that they've purchased and while Russia was keen on collapsing the US economy & with it, the $USD during the 2008 financial crisis, the Chinese said, "no way Vladimir (Putin)", and that is likely to continue for the foreseeable future. Since you feel the $USD future is bleak, you should trade them in for gold & silver. Particularly as gold & silver are taking it on the chin this morning, as the $USD rises, much to the chagrin of those predicting the US dollar collapse. http://beam2eng.blogspot.com/ Bruce | ||
Earthling Member Post Number: 848 Registered: 05-2008 |
Newinitiation, that's a good point, however it's very complicated and complicated by the fact that many countries own assets all over the world, including in the USA, as evidenced by the fact of Putin's failure to get the Chinese on board to crash the US economy when it was down & out in 2008 and it wouldn't have taken much. You wonder why that great human being Gaddafi met his Waterloo in the way he did? I guess you're suggesting it was the CIA that fomented the whole so-called Arab spring. And naturally, the USA via the CIA must be behind what's taken place in the Ukraine as the never-wrong conspiracy theorists naturally blame the US for that as well. Frankly, I have no idea. I suppose it's certainly possible the US had a hand or foot in the thing, but it's just as likely that those conspiracy theorists are wrong, yet again. I remember someone or other here thinking the Syrian Assad was a great guy & not just another psychopathic killer. I guess he must be on the payroll of the CIA like the Dalai Lama. http://beam2eng.blogspot.com/ Bruce | ||
Verlanis Member Post Number: 92 Registered: 10-2012 |
@ Newinitiation, Petrodollar. In 1973 Nixon made a deal with Saudi Arabia in exchange for arms and weapons to have them do business in USD. 1975, all of OPEC agreed to that same deal.Tell me how it's not backed by oil? Why does China and Japan use the monstrous amount of "worthless" debt to prop up there currency? Because US put their currency on a rock of which they are also the king of production and refinement. And USA can't legally default because they MUST honor all debts= 14th Amendment. Jack -- | ||
Matt Member Post Number: 445 Registered: 04-2006 |
Votan, yes I was aware of that but I found not much info on how much Silver China has hoarded. Gold would still be a good precious metal to have in event of collapse. Chinese people have always loved Gold. They believe it brings luck, wealth, happiness, ect. Maybe that one reason why but I mainly think it because of gold's intrinsic value. Chinese government reads Meier case and knows US going down and probably breaking up too and it will be world's next superpower. I think that makes it feel safe going ahead. Bruce, I was just making the point that you seem to feel confident in the safety of the US dollar when Billy said otherwise. Billy also said there will be a turning away from the USA when many countries find out that the US has been spying on them as well as using them for it's gain. This turning away will likely involve stop trading in US dollars as well as stop buying US products too. Is that going to help the US? No way. It brought it upon itself, the law of cause and effect. Newinitiation, thanks! It was hard work paying it off. I knew long ago, as you had suggested to me, that having a house on farmable land is the best/safest way to go in the event of a collapse. Pay your house off FIRST is the best thing to do. | ||
Earthling Member Post Number: 849 Registered: 05-2008 |
Matt, all paper currencies, in the end, will be worthless. On Erra, they don't even use money, that may be the case here in a few hundred or thousand years. Despite what Billy said, I don't see the $USD as being much better or worse than nearly any other country's paper money. The prophecy of the USA breaking up into 5 territories, is just a prophecy, not set in stone and if that should happen, it may be long after everyone here has left this life. Since Billy has said that China will be the next world super-power, one can trade in their countries paper money for the Chinese Renminbi. If one's investment time horizon is 50 or 100 or 200 years, gold or silver will go up against any paper currency. However, I'd rather own a piece of a business in a creative human being. Gold creates nothing, paper money creates nothing. If one is in the investing game and looking for a place to keep their paper money safe and worth more down the road, they'd be far better off investing in human creative ingenuity, so therefore find some responsible genius who wants to make life better for the citizens of this planet in one way or another and put your paper money behind them, like an Elon Musk, a Jeff Bezos, the Google people, Warren Buffett, etc There's a whole art & science behind investing. The playbook says to diversify, for ex; 10% in precious metals, 60% stocks, 30% bonds and a bunch of other variations. Investor know thyself, though. To get investing advice over the FIGU forum is questionable. btw, one's best investment, may be becoming a passive member for slightly more than 1/2 of one percent of ones income per year. However, one will still not automatically grow/evolve as work is always involved. http://beam2eng.blogspot.com/ Bruce | ||
Newinitiation Member Post Number: 1200 Registered: 07-2005 |
Bruce have you considered the possibility that US is the uber country that private banks lend money to that is created out of thin air backed by nothing If I did that I would end up in jail quicker than I could pick my nose. In regards to Gaddafi there is clear evidence from video footage that NATO was involved in his demise and you know who NATO is in bed with do you not. I'll give you a clue. Did you see the footage of that psychopathic bitch Hillary who upon seeing the news of Gaddafi's death said 'we came, we saw and we killed'. The rigging of gold and silver market in the short term is possible and is happening as we speak but not for long. This is why the price is still very depressed and does not reflect its real value. Hey I must say I am no expert but I feel confident that I've done enough research to know enough about it to have formed my own opinion closer to the truth. Have you been keeping up with the huge earth shattering scandal regarding gold and a particular whistleblower's testimony which landed him and his wife with an assassination attempt that nearly took them out forever. In regards to Assad I think it was me who said he had every right to defend his country from external threat. This does not by any means endorse this fellas ethics or morality only that the worse vultures and hyenas are the US government and the war mongering cliques within it and outside of it that always tries to flex its muscles and impose its will on others much like a mafia don who feels disrespected because some upstart tried to cut into his piece of the action. In the end they are all criminals killing other crims who dare to play the game of power. Hey you are right about Putin's offer to the Chinese. China has more to lose than Russia as they are the biggest holder of the US currency which they are desperately trying to convert to gold. But at the end of the day who truly knows, these are just my own opinion that may or may not be right and the world is too vast and too complicated for one meager brain to decipher and to get to know completely. | ||
Scott Moderator Post Number: 2470 Registered: 12-1999 |
Please lets get back to FIGU related discussions | ||
Earthling Member Post Number: 850 Registered: 05-2008 |
Newinitiation, while the US & NATO were most certainly involved in the Lybian mess & therefore in some way, in Gaddafi's ultimate demise, without getting involved in the particulars, he created his own destiny & fate, as we all do, and he was hardly an innocent bystander caught up in the crossfire, which doesn't mean I condone targeted assassinations. Regarding the "psychopathic bitch Hillary", I am unaware of her reaction and while I am no fan of hers, I doubt she qualifies as a psychopath. A female dog perhaps, but unlikely a psychopath as delineated by the Plejaren in the below link. http://au.figu.org/question_romney.html With Chinese buying 22 billion in US real estate in the last year, a financial or military war of any consequence with the US in the near term is unlikely. http://www.bloomberg.com/news/2014-07-08/chinese-cash-bearing-buyers-drive-u-s-foreign-sales-jump.html Sure, I agree, Assad or any leader has the right to defend from external threats but the whole disaster there had to do with a psychopathic, as defined by the Plejaren, dictator, flexing his control & power over his own population. And I agree that gold or silver prices could be manipulated but only over very short periods of time. Conspiracy theorists run rampant in that market. If one thinks that way, then they should use a suppressed price to their advantage. http://beam2eng.blogspot.com/ Bruce | ||
Billwilson12 Member Post Number: 23 Registered: 07-2013 |
I remember reading in the contact reports that one day the computer would be used to find the powerful ones. This site http://www.nndb.com is starting to show who is helping the ones that are mis-managing the worlds corporations, and who is helping them get the chance to get rich. Many are joined by the hidden spider web of power. Even deeply hidden ties are starting to appear. BEAM has written that that we humans of Terra/earth must make a change for the better, finding the true cause of a thing can ensure the effects are changed or modified for the better by us. I have stirred-up a bees nest myself and seen the effects for the good unfold it can be done. Just think on the weakest link and true impulses will aid in your insight. 123OM | ||
Darren Member Post Number: 424 Registered: 07-2009 |
"Regarding the "psychopathic bitch Hillary", I am unaware of her reaction and while I am no fan of hers, I doubt she qualifies as a psychopath. A female dog perhaps, but unlikely a psychopath as delineated by the Plejaren in the below link." Bruce, here is a link that proves Hillary Clinton is a psychopath. She is laughing about committing mass murder. Surely this is one trait of a psychopath as delineated by the Plejaren in that link you gave. If you look closer at all those characteristic of psychopaths that Ptaah had listed, I think you should see that Hillary surely has many of them. Besides I never heard Billy, P's or Figu ever say anything good about her. Pure psychopathic evil! Hillary Clinton laughing at the likelihood of provoking WW3 https://www.youtube.com/watch?v=eY0QAiYvZP8 | ||
Darren Member Post Number: 425 Registered: 07-2009 |
Bruce, just found this question put to Billy (by yourself) where Billy said that Hillary Clinton is "extremely power-hungry" which is one of the traits/characteristics of psychopaths that Ptaah had listed. Ptaah - characteristic of psychopaths: 43. Might-behaviour/greed for might http://au.figu.org/question_romney.html Earthling Hi Billy & Christian! Thanks once more for taking our questions. Billy, several years ago when Obama was running for President, you were asked what you thought of him and you replied - "Barack Obama can be looked upon as average, not too good, but also not too bad. John Mc Cain is in the same category as G. W. Bush. And it is very positive that Hillary Clinton did not win the preliminary elections because she is an extremely power-hungry person." Since then, Obama brought on his team the 'extremely power-hungry' Hillary Clinton. Also, your tone has seemed to change regarding Obama being average. You even said: "Billy ... says it is sure that President Obama is the best man the U.S. ever had as a president." Now with a little over 3 years as US President, what is your current assessment of Obama ? Thank you . Salome, Bruce Obama is still the best man the U.S. ever had as a president. A president of the U.S. is not as powerful as many people believe. There are all kinds of shady machinations going on behind his back. And during the last 3 years much dirt and mud was thrown into his path by the Republicans and other factions. http://forum.figu.org/us/messages/12/12258.html#POST60968 } That's one characteristic. As I said, if you look closely at all the 70 behavioural characteristic of psychopaths that Ptaah had listed I think you will see that Hillary is definitely a psychopath. | ||
Newinitiation Member Post Number: 1206 Registered: 07-2005 |
Hey Bruce For the sake of exploration and learning I would like to continue with this discussion if you don't mind to see where it ends up. Now I vividly remember where I think Michael states in TSROT documentary that Billy told him that the invasion of Iraq will lead to unbelievable disaster where the US went in there not so much because of oil but because of the dollar. Now Saddam at the time tried to set up a transaction and trade system based on the Euros and move away from the petrodollar Hence the invasion and his hanging. This threatened the hell out of the powers that be who derive their power from the dollar being the dominant currency of world trade and also the oil being pegged to the dollar which allows them to maintain the status quo of the Federal Reserve bank being able to print money out of thin air which props up the military which in turn greases the corporate military industrial complex which in turn allows the powers that be to foment wars and create conflict all over the world to profit tremendously from the war economy on which everything is dependent on every other part of the mechanism but most important of all is the control and access to oil and natural resources. So who is doing the bidding for the US in Europe other than NATO, they are basically joined at the hips so from Bosnian conflict to Afghanistan to Iraq to Libya to Yemen to Egypt to Tunisia to Syria to Iran and so forth their presence along with SOG and private mercenaries (blackwater) setting these conflicts up for their bosses at the Corporatocracy Inc is undeniable. Basically almost all conflict in the modern day has to do with the US dollar. In regards to Hillary there are reports that her husband and herself have links to Vince Foster's death among many other crimes. In respect to Chinese investments in US who is to say that the possible conflict involves these two countries. There is a more clear and present danger in the form of internal militia elements within the US divided along racial lines who are growing restless as war veteran being shafted by the government will only take so much before they really rise up and the Bundy ranch incident was a classic example of a prelude to a possible civil war that may break out by 2020 as Billy stated. On assad, this man had been elected by his own people, so whether by rigged elections like GWB or from the barrel of a gun, the people have spoken by having elected Assad so whatever fate or Fuegung they have created for themselves which has set off a chain reaction of future events, in the end they'll have to cop it on their chin As for gold see this http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2014/1/18_Andrew_Maguire.html |
