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POPSExcerpt From Fiat Money Inflation in France So much for the poorer people. Typical of those esteemed wealthy may be mentioned a manufacturer of hardware who, having retired from business in 1790 with 321,000 livres , found his property in 1796 worth 14,000 francs. For this general distress arising from the development and collapse of "fiat" money in France, there was, indeed, one exception. In Paris and a few of the other great cities, men like Tallien, of the heartless, debauched, luxurious, speculator, contractor and stock-gambler class, had risen above the ruins of the multitudes of smaller fortunes. Tallien, one of the worst demagogue "reformers," and a certain number of men like him, had been skillful enough to become millionaires, while their dupes, who had clamored for issues of paper money, had become paupers. The luxury and extravagance of the currency gamblers and their families form one of the most significant features in any picture of the social condition of that period.
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POPSFiat Money Inflation in France Notes: 1. Well-informed people will notice this "special request" edition was published only two years prior to the third affliction upon the American people and their currency of a "national bank", this time re-named the "Federal Reserve", and thus adding irony to the hoax by characterizing it as something other than a privately owned bank with an unlimited license to create money out of thin air by simply turning on the printing press (it's only significant asset) upon the agreement of 12 persons. # This work was plainly issued to discourage Congress from indulging the age-old fantasy of rulers that they can "control" the monetary unit in a responsible way. That no government has ever accomplished this does not dissuade elected dreamers from entertaining this fantasy. We took this work from a publicly available "text" source, obviously generated by word processing software and thus clutttered with unreadable special characters.
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POPSHYPERINFLATION (read, watch, learn) In late 1923, Germany undertook a monetary reform creating a new unit of currency called the rentenmark. The German government promised that the new currency could be converted on demand into a bond having a certain value in gold. Proponents of the standard answer argue that the guarantee of convertibility is properly viewed as a promise to cease the rapid issue of money. An alternative view held by some economists is that not just monetary reform, but also fiscal reform, is needed to end a hyperinflation. According to this view a successful reform entails two believable commitments on the part of government. The first is a commitment to halt the rapid growth of paper money. The second is a commitment to bring the government's budget into balance. This second commitment is necessary for a successful reform because it removes, or at least lessens, the incentive for the government to resort to inflationary taxation.
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POPSThe buck doesn't stop here; it just keeps falling Brought to you by our friends at the federal reserve. Imagine that "nutjob" republican who during the debates said he wanted to abolish the federal reserve, stop printing fiat money, and return the US to a sound monetary policy, what a kook, huh! Of course those words were greeted with laughter from McCain, Guiliani, and others! Now I see why...
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POPSremember this one?? There's me thinking they had all rusted peacefully away and gone to the great breakers yard in the sky !!!!
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POPSThe Precedent for the Ron Paul Dollar While the price of goods continues to go up and the value of our dollar goes down, where is all the money going? Mass is not created or destroyed, and neither is wealth. Someone is collecting on our losses, and we need to stop the Federal Reserve before we all become slaves to this debt. Return the gold standard, and we will see our economy surge again. Vote Ron Paul 2008, he is the only candidate who is willing to address these issues.
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POPSM3 Money Supply More info at: http://www.shadowstats.com/cgi-bin/sgs/data and Ron Paul's comments: http://www.lewrockwell.com/paul/paul370.html
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POPSThe Andre Eggelletion Show From: Michael_Bellinger they are smokescreens for trhe real reason we entered Iraq. Bush can't tell the trutyh because it is too real for ASmerica to hear, it would expose the false economic system we live in. oil and fiat money are the fat of the land for the "American Way". without one, the other goes too, and so would the entrenched power structure. it's common knowledge as to what caused us to invade Iraq rather than Afghanistan, yet everyone seems to forget it for some reason. Andre Eggelletion explained in his C2C interview. you can hear it on his website, he explains it in the first hour of the show. Andre is phenomenal because he is a cutting edge political scientist first and became a monetary specialist on the Federal Reserve at a later date. hear the C2C show here http://www.talktoandre.com
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