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The End of National Currency (long article)
Council on Foreign Relations ^ | May/June 2007 | Benn Steil

Posted on 05/29/2007 4:06:42 PM PDT by processing please hold

But the dollar's privileged status as today's global money is not heaven-bestowed. The dollar is ultimately just another money supported only by faith that others will willingly accept it in the future in return for the same sort of valuable things it bought in the past. This puts a great burden on the institutions of the U.S. government to validate that faith. And those institutions, unfortunately, are failing to shoulder that burden. Reckless U.S. fiscal policy is undermining the dollar's position even as the currency's role as a global money is expanding.

(Excerpt) Read more at foreignaffairs.org ...


TOPICS: Conspiracy
KEYWORDS: cfr; currency
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To: brityank
Just from this thread my eyes have been opened to something new. I never thought about money except how much I could buy with it. It’s like flipping a switch and having your lights come on, you don’t want to know how it works-just that it works. Shame on me.
21 posted on 05/29/2007 5:14:49 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: Calpernia
Unbelievable, Calpernia, unbelievable. I’ve been thrown a curve ball by my naivete on our money system.
22 posted on 05/29/2007 5:20:54 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: brityank

“It is not part of or controlled by the Federal Government.”

Shhhhhhhhhh...that’s one of best kept secrets around. “They”, whoever they is, don’t want us to know this.


23 posted on 05/29/2007 5:21:55 PM PDT by jedward (Mission '08 - Take back the House & Senate. No Negotiations...No Prisoners.)
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To: WorkerbeeCitizen

Thanks.


24 posted on 05/29/2007 5:22:40 PM PDT by jedward (Mission '08 - Take back the House & Senate. No Negotiations...No Prisoners.)
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To: canuck_conservative

Thank you. You explained that better than I could.


25 posted on 05/29/2007 5:25:19 PM PDT by Calpernia (Breederville.com)
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To: processing please hold
>>>So where is our gold and silver?

That is what I would like to know.

There was gold in the vault at the basement of the Trade Center...Story kinda disappeared.

The Odyssey has been running around salvaging all the old shipwreck sites. That is suppose to be the backing of the new digital gold.

The gold from the holocaust victims was salvaged that was off the coast of Venezuela.

Spain is suppose to allow salvaging of their shipwreck sites soon.

Now, he who holds the gold is in charge?

Might be what Ron Paul meant in his writings.

26 posted on 05/29/2007 5:29:19 PM PDT by Calpernia (Breederville.com)
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To: Calpernia

The Federal Reserve does not print our currency, the Bureau of Engraving and Printing which an agency of the US Treasury does that.


27 posted on 05/29/2007 5:29:34 PM PDT by jwh_Denver (Press 1 for English. Not me, I press 2 and say I can't speak Spanish.)
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To: processing please hold

You aren’t alone. There are quite a few freepers I’ve trailed on here for years when I see someone that understands what I don’t. That is how I figured out as much as I did. And it isn’t alot.


28 posted on 05/29/2007 5:31:29 PM PDT by Calpernia (Breederville.com)
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To: jwh_Denver

Ok, they print it for the Federal Reserve.


29 posted on 05/29/2007 5:34:53 PM PDT by Calpernia (Breederville.com)
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To: processing please hold

Read this:

http://www.bigeye.com/griffin.htm

A brief overview.


30 posted on 05/29/2007 5:44:32 PM PDT by brityank (The more I learn about the Constitution, the more I realise this Government is UNconstitutional !!)
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To: Calpernia
Might be what Ron Paul meant in his writings.

I book marked the links you posted. I'll go back and read them throughly tonight.

Someone has control of the worlds gold and silver and another question would be why are they holding onto it?

I've been reading lately about salvaging old sunken ships. I never thought about a connection before just people looking for a pot of gold in one of the old wrecks.

31 posted on 05/29/2007 5:45:57 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: brityank

I’ll do that now, thanks.


32 posted on 05/29/2007 5:47:07 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: processing please hold

>>>Someone has control of the worlds gold and silver and another question would be why are they holding onto it?

That is who is in charge. (?)


33 posted on 05/29/2007 6:03:53 PM PDT by Calpernia (Breederville.com)
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To: Calpernia
A dollar was a value of gold

This is incorrect. Dollars have always been silver. The word dollar is used twice in the Constitution without any sort of definition because everyone then knew what it meant. (Just as everyone knew what year meant.) Gold is (or was when it was coined) denominated in eagles which were worth Ten Dollars each. The amount of gold in an eagle has varied. The amount of silver in a dollar has not varied.

ML/NJ

34 posted on 05/29/2007 6:06:37 PM PDT by ml/nj
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To: brityank
I stopped reading for a moment. Has this article ever been a thread on FR? It is mind blowing to say the least.

The Federal Reserve is a cartel of banks.

Now back to the rest of the story.

35 posted on 05/29/2007 6:09:44 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: processing please hold

I do know that the book was discussed back when this place was more than a Republican cheering section — back around 1999-2000 — but not much since. Maybe now you’ll understand why I haven’t changed my tagline since.


36 posted on 05/29/2007 6:17:13 PM PDT by brityank (The more I learn about the Constitution, the more I realise this Government is UNconstitutional !!)
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To: ml/nj
A real dollar (codified by US Law) is a quantity of silver unchanged since 1792.

Almost. Between 1873 and 1878, "Trade dollars" of a heavier weight, intended for use in purchasing trade goods from asian nations, were minted by the US, while the subsidiary silver coinage has been minted using less silver (than the definition of a dollar in silver under the 1792 Act) since 1853. During that 6 year period, and any other time silver dollars were not minted (e.g., 1905-20), actual practice supports the view that the legal definition of a dollar was different from the 1792 definition, albeit that definition has not been repealed.

Miners used to bring their silver to a government mint which would stamp the silver into recognizable units in exchange for a small fee known as seignorage. This ended in 1964.

That was, indeed, the original practice; I do not know when it ended. However, starting in 1878, statutes required the purchase of silver bullion to be minted into silver dollars. So our coinage was not limited to what citizens brought to the mint.

37 posted on 05/29/2007 6:34:53 PM PDT by DeaconBenjamin2
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To: brityank
The two groups that got our lost purchasing power--is anyone surprised?--the two members of the partnership, the government and the banking cartel. The two groups that comprise the Federal Reserve System.

[break]

These countries have been purchased because the politicians in those countries are now totally addicted to this money. We talk about welfare families in America that are third and fourth generation welfare, they're on the dole forever, they cannot dream of anything else. The politicians in these countries are the same way and it's now second, third and in some cases fourth generation international welfare from the United Nations funding. They have no ideology--communism, socialism, capitalism, fascism, what difference does it make? where's the money? As long as they live well, they have their mansions, their yachts, their limousines, they go to New York to the UN and have their suites at the Waldorf-Asoria and that's all they care about.

These countries have been purchased through this means and are now owned by this group at the UN and they're firmly in place in the new world order where they're just waiting for you and me to show up. That's the other side of this coin. Not only does this transfer of wealth from America to these countries not raise their standard of living but it does lower ours. That too, believe it or not, is part of the plan. Just waste, get rid of money, get rid of productive power to reduce our standard of living. A strong nation is not a candidate to surrender its sovereignty but a weak nation is. If America can be brought to her knees where she is struggling for survival, if people are hungry, if we have riots in our streets, then Americans could possibly be grateful for any assistance we could get from the UN. Those wonderful blue-helmeted peace-keeping forces could bring order back to our streets or international money, a new world money with purchasing power again might be welcomed by the unthinking, unknowing American public. That is what we're dealing with.

What I'm trying to say is that the name of the game out there is not wealth, it is power.

I'm gonna go outside and have a smoke while I digest this. the un

38 posted on 05/29/2007 6:45:03 PM PDT by processing please hold (Duncan Hunter '08) (ROP and Open Borders-a terrorist marriage and hell's coming with them)
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To: processing please hold

I’m being called on symantics here.

I will reword. But it has nothing to do with my point.

A dollar was a VALUE. I don’t care if it was gold or eagle or a shoe.

It was a value, not a noun.

Now the value depends on the shorters.


39 posted on 05/29/2007 6:50:21 PM PDT by Calpernia (Breederville.com)
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To: ml/nj

You fell off of my post 39


40 posted on 05/29/2007 6:51:10 PM PDT by Calpernia (Breederville.com)
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