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Monday, September 29, 2008 

FIAT money = Broken Backs, or Enslavement to the World

A short history lesson here for all those who are in support of this bailout and printing more of the worthless money we call the U.S. Dollar.

The socialist have been screwing us over since FDR was in office. This is when the American dollar first truly became worthless (under the Gold Reserve Act the value of the dollar was fixed at $35 per ounce), and we as a working nation became indebted to the rest of the world. We do not spend the first four months of the year working for the government as many claim before tax time. What we are doing is working for foreign governments and interests. How is this possible. Well it goes back to a time when we were removed from the gold standard.

Three things we need to define here. One is, what is a Fiat dollar. Two what is the Gold standard. Finally what is bimetallism

1) The terms fiat currency and fiat money relate to types of currency or money whose usefulness results, not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government's order (fiat) that it must be accepted as a means of payment.

2) The Gold Standard made gold the sole legal-tender coinage of the United States, and set the value of the dollar at $20.67 per ounce (66.46 ¢/g) of gold. This made the dollar convertible to 1.5 g (23.2 grains)—the same convertibility into gold that was possible on the bimetallic standard. (note that this was the value of Gold in March of 1900. The3 price of gold has significantly increased since).

3) Bimetallism is a monetary standard in which the value of the monetary unit can be expressed as a certain amount of gold or as a certain amount of silver; the ratio between the two metals is fixed by law

Now the American Dollar is currently a FIAT. As defined above we know that it is backed by nothing other then the governments say so. Well the say so that the Government is using is the muscled back, sweat on the brow, blood and tears of the AMERICAN WORKER. Promising that the American worker will earn a value of something in order to back this currency up. This is, depending on how you look at it. It is either enslavement or indentured servitude of Americans. A more politically correct description is SOCIALISM.

Certain figures I have found place the debt on each American currently as $120.000.00. Nice huh. We are already in debt with this then add mortgages and car loans on top with mandatory auto insurance that only CITIZENS have to pay. (anyone in an accident with an illegal knows what I am talking about.)

How does this enslave the American to the world. Simple!!! We as workers are backing the value of the dollar on estimated production value of OUR LIVES. This makes us born into debt and live in debt. As long as we trade internationally we owe the world money.

The U.S. Dollar has to be back by something other then the working American. I have faith in the American worker but do not feel that he/she should be placed into debt before they have a chance to buy a car or home first.

When the Dollar was on a bimetallism basis, remember silver certificates. There was a recognised value internationally on the paper currency we used. Silver for some and gold for others. This gave a real market value to our monetary funds. Not a projected value. This is the goreconomics that are ruining this country. A false projected value that does not, nor will ever exist. A false premise of value based on production that is being outsourced at a rapid pace. This out sourcing is killing the American worker and placing them further into this sinkhole.

How does this tie into the current bailout bill being shoved down any responsible tax payers throat. Simple. It is increasing the debt we owe the world as the world uses their monies to invest here. Money that they back on a real value, not make believe.

We have to wake up and get a grip on these radical slave peddlers in Washington. Stop them now! Vote for fiscal responsibility in government.

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  • I'm Devious Mind
  • From Denver, Colorado, United States
  • Good judgemnt comes from experiance. Experiance comes from bad judgement. Karma, its a bitch.
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