I just read this-what do you guys think?

[BlaqueKatt]

Not sure exactly how I feel on this-it seems to make sense, but seems too paranoid/conspiracy theory/contrived-comments?

this is not the entire thing just parts in context-the rest was waaaay out there


"While you are watching the evening news next time, watch the price of gold. It is now about $650 an ounce. Then when you see the shiny new cars advertised, divide the price of the car by the dollar value of the gold. It should come out to about $605 (gold) for a new car.

The same thing is happening with gas/diesel. Gas is still worth $0.19 a gallon. But it now takes $3.00 to buy that gallon of gas. What does this mean? Against a gallon of gas, your dollar is worth $0.065 ( 6 and 1/2 cents ). The same can be done with virtually any consumer commodity.

What is the real problem you may ask? The FEDERAL RESERVE BANK. PURE AND
SIMPLE. Like the IRS, the Federal Reserve is not a part of the United States. It is a business to make money like any other business. However, it is owned by a group of wealthy, unscrupoulous, and greedy international bankers who have been screwing the American people for 90 years. They charge us 300% profit to print our own money. This is where the federal deficit comes from. However, as holder of a social security number, and the ensuing chain of events that follows this, you are not allowed to protest this debt. Even your present congressmen don't understand this. Their grandfathers are the ones who turned us over to the wolves.



Origin is here

[Boozy]

this is not the entire thing just parts in context-the rest was waaaay out there

You're not kidding.

I read the whole thing in context via your link. The fact that the author of this is likely sitting in a bunker in a tinfoil hat right now might be a clue as to the authenticity of this information.

The same thing is happening with gas/diesel. Gas is still worth $0.19 a gallon.

Gas is still worth $0.19 a gallon. Anyone who says this does not understand very basic economics.

In what universe does dwindling supply + increased demand = price stagnation?

We will have reached peak oil production within 10-20 years, at which point the supply will begin to decrease. This will occur at the same time as an explosion of demand from the newly emerging middle-class in Southeast Asia and China, and increased industrialization in the same regions. Speculators understand that oil is the best long term bet right now, especially in the unstable market of commodities trading.

The price of oil will likely continue to rise from this point on. This is not a conspiracy; it's capitalism.

The FEDERAL RESERVE BANK. PURE AND SIMPLE....They charge us 300% profit to print our own money.

I don't know where he is getting this 300% figure from, and I don't know what he means.

The Fed doesn't print money; that is the job of the U.S. Mint. The Fed only controls the amount of money in circulation.

The Fed loans money to banks; this is called the federal funds rate. That rate is then used to determine the prime rate. The federal funds rate is currently at about 2%, prime at 5%. This is possibly what he is referring to.

This is where the federal deficit comes from.

This is like saying your personal credit card debt is caused by Visa or Mastercard. While technically true, it fails to take into account your willingness to use that credit.

50% of the current US debt is owed by the government itself; they've borrowed from Social Security and Medicare in a kiting scheme of fantastic proportions.

A further 25% of the US debt is owed to foreign governments; notably, Japan and China, who make loans to the US so that they will continue to buy their exports. This is why the trade deficit has such an effect on interest rates and the strength of the dollar.

The remaining 25% is held by private individuals and corporations, many of whom trade their T-bills on the stock market. This is partially why the value of the dollar fluctuates so much on a daily basis.

As for the underlying causes of the national debt, most of it was accumulated by Reagan in the 80's as a result of heavy military spending combined with deep tax cuts. The same is occurring now.

I don't understand why Democrats are considered the big-spenders. Clinton balanced the budget and pulled the US back from the brink of economic collapse. Bush has completely destroyed that work.

[BlaqueKatt]

I thought it made a good exercise in why conspiracy theories actually sucker people in*-you pull out the crazy and perpetrate the rest-


*not all are members of the tinfoil hat brigade-sometimes the argument is presented soooo well-heck the Scientologists almost got me(about 10 years ago), with the "group memories/awareness", as I do beleive in a form of "cellular/genetic memory" (due to instinct of animals)** back when I was talking with them about getting more information/joining up-they made it a point to not mention Xenu or "body Thetans"-etc, just "maximizing your mind's potential".

I'm glad I was actually too busy at the time to meet with them.

**if you take a salmon that has been raised in a salmon farm-it still knows where the spawning grounds are even though it's never been there itself.