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To: Danae
Try the flip side. The current theory I'm kicking around: Just as the US government disconnected the dollar from gold, maybe soon they'll disconnect the physical dollar (which is in relatively limited quantities) from the virtual dollar (which is really a fraction of on-books Federal Reserve debt). Most people just use "plastic" for money now, not caring that there isn't anywhere close to enough real dollars to cover what's allegedly in their checking accounts - just as most people came to use paper dollars, not caring that there wasn't anywhere close to enough gold to cover what was allegedly represented by those "Reserve notes".

Notice that as this current crisis unfolded over a few days, the price of oil plummeted - indicating that the value of the dollar (real dollars) has increased dramatically. Internationally, real dollars are considered the strong place to be ... but there aren't enough of them.

Come enough pressure on the dollar system, methinks Congress will eventually refuse paper/coin dollars as legal tender, and only accept electronic payments - which are merely fractions of US Treasury / Federal Reserve debt.

Thoughts?

103 posted on 10/10/2008 10:27:03 AM PDT by ctdonath2 (The average piece of junk is more meaningful than our criticism designating it so. - Ratatouille)
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To: ctdonath2

I think those of us who “WATCH” have pretty much seen the move away from physical dollars to the eletronic which is only a tiny step away from a computer chip put in a very good spot.

Going back to one of my previous posts...this whole drop all debt has ALOT of merit!

1. Americans have been conditioned to run up debt!! Look at this crisis...a credit (debt and getting more of it) crisis. What does scripture say? Owe no man. This is the total opposite of what we were told...(I’m guilty too!)

2. After you have all the zillions of $$$ you want, what more is there to have? POWER. Only us here on the basement level scramble for the $$$. Middle and lower class are expendable for a higher evil plan.

3. I am scareing myself..at the possiblities. I’m seeing things unfold I didn’t think I would ever see...not really.
Talked it but thought it surely must be to far away.


109 posted on 10/10/2008 10:36:24 AM PDT by briarbey b
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