Obama: Dollar just an Illusion

Quote from Jimbo2:

US debt reaching 15 trillion
UK debt so large Quarter million people burned London few days ago.
Japan Debt drowning Japan



Russia has surplus of money (no inflation, jobs growing)
China has large surplus of money (no inflation, large growth)


Are you annoyed because you smell death of western capitalism and death of Jewish owned private central banks such as FED, Bank of England.

Be annoyed all you want. You have no one to blame but yourself
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Look up comments from the 1980's about the Reagan debt. Everyone thought 3.5 trillion was going to bankrupt the country. In 1992 Ross Perot ran a campaign about the debt. The Republicans won in 1994 based on controlling Government excesses.
In fact the Republican Congress did end up getting a balanced budget by 1998
 
Money is based on a promise.

Money is just a means of exchange of a promise traded for something in the future.

People used to trade a goat for some rice. If the goat died the next day...the person with the rice got a better deal?

Fiat currency is not an illusion any more than a futures contract is an illusion.

It is a contract people enter into. There is no certainty of the future, just a speculation on the future.

Capitalism demanded a way to borrow in the present against a hope into the future.

I find it most odd the way in which capitalists argue against fiat currency, for without fiat currency plus credit and debt, capitalism could never have grown the way it has grown.


<img src=http://3.bp.blogspot.com/-psS9z6yK_OI/TY8spbjEUpI/AAAAAAAAB9M/I2I7LXijucI/s320/donald_trump.jpg>


Greed is a fat demon with a small mouth and whatever you feed it is never enough.


- Janwillem van de Wetering


Money doesn't talk, it swears


-Bob Dylan



Quote from RCG Trader:

It just show that he knows how the system works. All fiat currency is just an illusion. Worth no more than the collective holders think it is.
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JDL


Registered: Feb 2009
Posts: 496


04-03-11 11:23 AM

Quote from SnakeEYE:

America was used by jews like a disposable condom.Next - Russia and China

yep, your 100% right, thank you
______________________

I guess based upon your handle you belong to the jewish defense league.
 
Quote from SnakeEYE:

America was used by jews like a disposable condom.Next - Russia and China
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How can you say that? America has enjoyed the highest standard of living in the world for decades. If getting used lets you live better than 95% of the world, is that a bad thing?
 
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