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Franco
12-27-2012, 08:22 PM
http://sphotos-a.xx.fbcdn.net/hphotos-prn1/74530_449018185147003_1619885490_n.jpg

All of us MUST know the difference between these two dollar bills.The green stamp is debt based. It is a Federal Reserve Note. It is printed by the private Federal Reserve and loaned to the Government at Interest. This is why we pay much more in income taxes then we should. Every month part of your check goes to foreign con artists; the owners of offshore banks that run the Federal Reserve.The red stamp is debt free and printed by a sovereign United States. It is a US note. If US notes were printed, all national debt could be illegalized along with most of our taxes.They don’t want you to know ANY of this Information!!

Returning to a same monetary policy is long overdue. It begins with Congress taking on the reponsiblity of controlling our own money and not a central bank controlled by international banking! I also realize that many don't mind paying the taxes that they do and have no problem working for the government.

The recent Libor banking scandel, the too big to fail of 08 and our government's failure to bring charges forth and prosecute only happens because We The People no longer care!

Libor Scandel
http://www.fool.com/investing/general/2012/12/27/the-libor-big-picture.aspx


http://sphotos-a.xx.fbcdn.net/hphotos-ash4/s480x480/224826_418095761592242_709742252_n.jpg

http://sphotos-a.xx.fbcdn.net/hphotos-snc6/s480x480/206549_547050745307696_1947635306_n.jpg

HPL
12-27-2012, 09:14 PM
What's the date on the United States note?

Franco
12-27-2012, 09:23 PM
What's the date on the United States note?

I don't see a date on either bill.

I would guess that it is an older note since we haven't been solvent for some time. I just had a renter pay his rent in cash like he does every month. Only two of the bills had the red seal.

Rnd
12-27-2012, 09:23 PM
Henry H Fowler was Secretary of the Treasury from 1965 to 1968.

The print is to small for me to see but would suggest it is between '65-'68

HPL
12-27-2012, 09:26 PM
I don't see a date on either bill.

I would guess that it is an older note since we haven't been solvent for some time. I just had a renter pay his rent in cash like he does every month. Only two of the bills had the green seal.

What did the others have?

Rnd
12-27-2012, 09:27 PM
Donald Regan was Secretary of the Treasury from 1981 -1985 (The second note)

Franco
12-27-2012, 09:32 PM
This will explain what the different colored seals indicate.
We did away with the Red seals after Nixon took us off the Gold Strandard and allowed the Fed Reserve to print Fiat money.
http://wiki.answers.com/Q/What_is_the_difference_between_red_blue_silver_and _green_seals_on_US_paper_money

Franco
12-27-2012, 09:52 PM
What did the others have?

I meant to type red. They are still around unless the banks or collectors get a hold of them.

M&K's Retrievers
12-27-2012, 10:06 PM
They don't look like the two Bens I have in my pocket. "The United States of America", "Federal Reserve Note" and "One Hundred Dollars" are in different locations. The serial numbers are reversed as well. In fact, there are a butt load of differences.

MooseGooser
12-28-2012, 08:05 AM
That is interesting..

I didnt know that ....

I do collect any Siver and othe coinage bills I come across. I have a few...

Here is what I understood the red seal to be.

Notice the dates in the last paragraph.

The Story of Red Seal, United States Bank Notes
by Stan Klein

The United States government got into the paper money business by necessity, a way of financing the Civil War through money creation known as fiat money. Congress authorized Legal Tender Notes by the Acts of July 17 and August 5, 1861 (first day of issue). They were colloquially called "Greenbacks" due to their mono-green coloring on the note backs and "Demand Notes" since the first issue notes were redeemable for specie (gold and silver coins) on demand. When specie redemption was suspended on December 21, 1861 the value of these notes began to fall in terms of federal coinage. The public soon accepted the currency on faith that the new U.S. government money would sustain its value in commerce. At the same time, coinage, including copper coins, were rapidly disappearing from circulation
The 2nd issue bears the date March 10, 1862 and is the great-grandfather of the small size legal tender notes with red seals and red Treasury seal that are still occasionally seen today. All bank notes have an obligation that tells the user how the note may be used. The first obligation of Legal Tender notes states "This note is legal tender for all debts, public and private, except for dues on imports and interest on the public debt, and is exchangeable for U.S. six-percent, twenty-year bonds, redeemable at the pleasure of the United States after five years." This was soon replaced by an obligation sans the reference to bonds, although it was "receivable in payment of all loans to the United States". The currency was money by government decree.
Though the public looked askance at the new currency, Legal Tender notes continued to be issued in denominations of $1, $5, $10, $20, $50, $100, $500, $1000, $5000 (1878 only) and $10,000 (1878 only) long after the Civil War ended. It wasn't until 1865 that gold certificates were issued and not until 1886 that redeemable paper money in the form of Silver Certificates, and then later, Coin Notes, were issued. Legal Tender issues continued with their characteristic red Treasury seal and label of "Legal Tender Note" or "United States Note."
By the 1920's, the Treasury Department launched a cost saving measure by reducing the physical size of the currency. Legal Tender notes continued to be issued but only in denominations of $1 (series 1928 only), $2 (1928, 1953, 1963), $5 (1928, 1953, 1963) and $100 (series 1966 only). The 1966 $100 note was the last issue of Red Seal notes and was used to satisfy the Act of May 31, 1878 requiring that $346,681,016 of Legal Tender notes always be in circulation. This figure was technically a percentage of all currency types in circulation in 1878. The Act requiring Legal Tender notes was finally discontinued in 1986. Of the small size Red Seals the series $1 note has an interesting history. It was printed in April and May of 1933 but most were released only in Puerto Rico in 1948.
Today there is a dwindling supply of Legal Tender notes in circulation. As they are redeemed for Federal Reserve Notes, the notes are returned to the Treasury for destruction. Only collectors and dealers have preserved these interesting notes for posterity.

Franco
12-28-2012, 08:47 AM
That is interesting..

I didnt know that ....

I do collect any Siver and othe coinage bills I come across. I have a few...

Here is what I understood the red seal to be.

Notice the dates in the last paragraph.

The Story of Red Seal, United States Bank Notes
by Stan Klein



The United States government got into the paper money business by necessity, a way of financing the Civil War through money creation known as fiat money. Congress authorized Legal Tender Notes by the Acts of July 17 and August 5, 1861 (first day of issue). They were colloquially called "Greenbacks" due to their mono-green coloring on the note backs and "Demand Notes" since the first issue notes were redeemable for specie (gold and silver coins) on demand. When specie redemption was suspended on December 21, 1861 the value of these notes began to fall in terms of federal coinage. The public soon accepted the currency on faith that the new U.S. government money would sustain its value in commerce. At the same time, coinage, including copper coins, were rapidly disappearing from circulation
The 2nd issue bears the date March 10, 1862 and is the great-grandfather of the small size legal tender notes with red seals and red Treasury seal that are still occasionally seen today. All bank notes have an obligation that tells the user how the note may be used. The first obligation of Legal Tender notes states "This note is legal tender for all debts, public and private, except for dues on imports and interest on the public debt, and is exchangeable for U.S. six-percent, twenty-year bonds, redeemable at the pleasure of the United States after five years." This was soon replaced by an obligation sans the reference to bonds, although it was "receivable in payment of all loans to the United States". The currency was money by government decree.
Though the public looked askance at the new currency, Legal Tender notes continued to be issued in denominations of $1, $5, $10, $20, $50, $100, $500, $1000, $5000 (1878 only) and $10,000 (1878 only) long after the Civil War ended. It wasn't until 1865 that gold certificates were issued and not until 1886 that redeemable paper money in the form of Silver Certificates, and then later, Coin Notes, were issued. Legal Tender issues continued with their characteristic red Treasury seal and label of "Legal Tender Note" or "United States Note."
By the 1920's, the Treasury Department launched a cost saving measure by reducing the physical size of the currency. Legal Tender notes continued to be issued but only in denominations of $1 (series 1928 only), $2 (1928, 1953, 1963), $5 (1928, 1953, 1963) and $100 (series 1966 only). The 1966 $100 note was the last issue of Red Seal notes and was used to satisfy the Act of May 31, 1878 requiring that $346,681,016 of Legal Tender notes always be in circulation. This figure was technically a percentage of all currency types in circulation in 1878. The Act requiring Legal Tender notes was finally discontinued in 1986. Of the small size Red Seals the series $1 note has an interesting history. It was printed in April and May of 1933 but most were released only in Puerto Rico in 1948.
Today there is a dwindling supply of Legal Tender notes in circulation. As they are redeemed for Federal Reserve Notes, the notes are returned to the Treasury for destruction. Only collectors and dealers have preserved these interesting notes for posterity.





Remember that it was Pres. Nixon (R) that did away with the Gold Standard and started our modern day monetary policy of fiat money. That being where the value of the dollar was not determined by the Free Market but instead by the Federal Reserve. By 1986 Pres Reagan's (R) policy of deficit spending, where he stated, "deficit spending doesn't mean anything" and our huge deficit created at the time was the end of the Gold (red seal) currency. Though they are still in circulation, just much harder to find than the green seals.

It is the Feds manipulation of the dollar which has caused most of our financial mess at the benefit to international bankers. By supporting and creating Fiat money, they make huge profits in the massive fluctuation on the value of the dollar and makes the dollar much more capable of being worthless since it isn't backed by anything other than our corrupt monetray poilicy/Fed Reserve. As international bankers continue to drain our financial wealth into their pockets the dollar will continue to devalue.

BonMallari
12-28-2012, 10:20 AM
They don't look like the two Bens I have in my pocket. "The United States of America", "Federal Reserve Note" and "One Hundred Dollars" are in different locations. The serial numbers are reversed as well. In fact, there are a butt load of differences.


I used to carry at least one in my money clip,sometimes more if the money was good, and sometimes just to stroke the ego,plus the fact that they are so commonplace here in Vegas...UNTIL one trip to Idaho when I inadvertantly pulled out a C note to pay for a meal,and the vendor replied "...where the heck do you think you are, Las Vegas ? "

now that I no longer drive a suburban where a $100 bill might get you 3/4 of a tank (except in Evanston Wyoming, where I got change back once)..I will usually carry a $50 or two nowadays, since they are easier to use, but still hurts when I use them

M&K's Retrievers
12-28-2012, 10:44 AM
I used to carry at least one in my money clip,sometimes more if the money was good, and sometimes just to stroke the ego,plus the fact that they are so commonplace here in Vegas...UNTIL one trip to Idaho when I inadvertantly pulled out a C note to pay for a meal,and the vendor replied "...where the heck do you think you are, Las Vegas ? "

now that I no longer drive a suburban where a $100 bill might get you 3/4 of a tank (except in Evanston Wyoming, where I got change back once)..I will usually carry a $50 or two nowadays, since they are easier to use, but still hurts when I use them

Break 'em and they are gone. Doesn't matter what size.

dback
12-28-2012, 10:57 AM
Remember that it was Pres. Nixon (R) that did away with the Gold Standard and started our modern day monetary policy of fiat money. That being where the value of the dollar was not determined by the Free Market but instead by the Federal Reserve. By 1986 Pres Reagan's (R) policy of deficit spending, where he stated, "deficit spending doesn't mean anything" and our huge deficit created at the time was the end of the Gold (red seal) currency. Though they are still in circulation, just much harder to find than the green seals.

It is the Feds manipulation of the dollar which has caused most of our financial mess at the benefit to international bankers. By supporting and creating Fiat money, they make huge profits in the massive fluctuation on the value of the dollar and makes the dollar much more capable of being worthless since it isn't backed by anything other than our corrupt monetray poilicy/Fed Reserve. As international bankers continue to drain our financial wealth into their pockets the dollar will continue to devalue.

Franco.....I'll not defend Nixon or 'international bankers' but your disdain for the Republican party by highlighting (R) exposes your foolish attitude. It is not (nor has it ever been) as simple as R vs D and suggesting "L"s have all the answers is childish. You fail to mention factors like the London Gold Pool collapse, Bretton Woods, the "gold window", apartheid South African gold and communist USSR gold, De Gaulle sending the French Navy in 1965 to take $150 million in gold when the dollar was pegged at $35.00 an ounce with plans to follow with another $150 million.....Spain followed with an additional $60 million. To quote author James Richards....."at the time represented significant drains on U.S. gold reserves." There are entire volumes written on the subject and not a single one has only one chapter..........."Hmmmmmm, (R) = Bad". Try "fair & balanced" for a change Franco.

I wish we had the pre-2010 Franco back.....'unrequited love' seems to turn some good folks into a "crashing bore".

Marvin S
12-28-2012, 11:23 AM
Franco.....I'll not defend Nixon or 'international bankers' but your disdain for the Republican party by highlighting (R) exposes your foolish attitude. It is not (nor has it ever been) as simple as R vs D and suggesting "L"s have all the answers is childish. You fail to mention factors like the London Gold Pool collapse, Bretton Woods, the "gold window", apartheid South African gold and communist USSR gold, De Gaulle sending the French Navy in 1965 to take $150 million in gold when the dollar was pegged at $35.00 an ounce with plans to follow with another $150 million.....Spain followed with an additional $60 million. To quote author James Richards....."at the time represented significant drains on U.S. gold reserves." There are entire volumes written on the subject and not a single one has only one chapter..........."Hmmmmmm, (R) = Bad". Try "fair & balanced" for a change Franco.

I wish we had the pre-2010 Franco back.....'unrequited love' seems to turn some good folks into a "crashing bore".

Thank You! It's nice to have an adult post on occasion ;).

I was in MT when the country stopped minting Silver into coins. Though MT used silver dollars almost exclusively (they wore out a lot of pockets) they were gone from circulation within a very short time, like less than a week! Still have several of those, some $1 silver certificates & several $2 bills laying around.

Franco
12-28-2012, 11:38 AM
Franco.....I'll not defend Nixon or 'international bankers' but your disdain for the Republican party by highlighting (R) exposes your foolish attitude. It is not (nor has it ever been) as simple as R vs D and suggesting "L"s have all the answers is childish. You fail to mention factors like the London Gold Pool collapse, Bretton Woods, the "gold window", apartheid South African gold and communist USSR gold, De Gaulle sending the French Navy in 1965 to take $150 million in gold when the dollar was pegged at $35.00 an ounce with plans to follow with another $150 million.....Spain followed with an additional $60 million. To quote author James Richards....."at the time represented significant drains on U.S. gold reserves." There are entire volumes written on the subject and not a single one has only one chapter..........."Hmmmmmm, (R) = Bad". Try "fair & balanced" for a change Franco.

I wish we had the pre-2010 Franco back.....'unrequited love' seems to turn some good folks into a "crashing bore".

Well, I know it distrubes many when (R) are pointed out as having faults as many here think they are perfect! The reality is that both parties are at fault as I have continuelly pointed out. Also, that things will not improve as long as the American voter buys into the policies of the Dems and Repubs as neither party offers anything real in terms of solutions. To ignore the fact that our economy and dollar are in trouble is to live in denial.

Had we stayed true to Gold as the backing of the dollar we would be in much better shape today because Gold has true value and not our Fed Reserve. Just think of what one could buy today with the dollar had it not been so raped by politicains and bankers! The Fed reserve attempting to palce a value on the dollar and determing what our money is worth is financial suicide. As Rand Paul so eloquently stated, "The USSR collapsed because they could not determine the price of bread and we are on the verge of collapse because we can not determine the value of our money". The Gold Standard would prevent this country from running up huge Deficits as we have to today.

Artificial manipulation of our currency by our political appointees to speculate on the value of the dollar is a disasterous policy. The value of the dollar should always be determined by a Free Market and nothing else. That is, if we want a future for the dollar!

http://sphotos-a.xx.fbcdn.net/hphotos-prn1/c26.0.403.403/p403x403/602861_281400598648754_728462921_n.png

M&K's Retrievers
12-28-2012, 12:20 PM
well, i know it distrubes many when (r) are pointed out as having faults as many here think they are perfect! The reality is that both parties are at fault as i have continuelly pointed out. Also, that things will not improve as long as the american voter buys into the policies of the dems and repubs as neither party offers anything real in terms of solutions. To ignore the fact that our economy and dollar are in trouble is to live in denial.

Had we stayed true to gold as the backing of the dollar we would be in much better shape today because gold has true value and not our fed reserve. Just think of what one could buy today with the dollar had it not been so raped by politicains and bankers! The fed reserve attempting to palce a value on the dollar and determing what our money is worth is financial suicide. As rand paul so eloquently stated, "the ussr collapsed because they could not determine the price of bread and we are on the verge of collapse because we can not determine the value of our money". The gold standard would prevent this country from running up huge deficits as we have to today.

Artificial manipulation of our currency by our political appointees to speculate on the value of the dollar is a disasterous policy. The value of the dollar should always be determined by a free market and nothing else. That is, if we want a future for the dollar!

zzzzzzzzzzzzzz

Franco
12-28-2012, 12:22 PM
zzzzzzzzzzzzzz


I am well aware that you and most of the public are asleep, that's why we have the leadership we do.

MooseGooser
12-28-2012, 12:47 PM
I always want to put Franco on my Ignor list,, but I like things he says some of the times;0


I have spent some of this morning reading about thi "red "seal"
I honestly didnt know this..
It is very interesting.

here is another link..

http://theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money/comment-page-1

huntinman
12-28-2012, 12:53 PM
Well, I know it distrubes many when (R) are pointed out as having faults as many here think they are perfect! The reality is that both parties are at fault as I have continuelly pointed out. Also, that things will not improve as long as the American voter buys into the policies of the Dems and Repubs as neither party offers anything real in terms of solutions. To ignore the fact that our economy and dollar are in trouble is to live in denial.

Had we stayed true to Gold as the backing of the dollar we would be in much better shape today because Gold has true value and not our Fed Reserve. Just think of what one could buy today with the dollar had it not been so raped by politicains and bankers! The Fed reserve attempting to palce a value on the dollar and determing what our money is worth is financial suicide. As Rand Paul so eloquently stated, "The USSR collapsed because they could not determine the price of bread and we are on the verge of collapse because we can not determine the value of our money". The Gold Standard would prevent this country from running up huge Deficits as we have to today.

Artificial manipulation of our currency by our political appointees to speculate on the value of the dollar is a disasterous policy. The value of the dollar should always be determined by a Free Market and nothing else. That is, if we want a future for the dollar!

Might even disturb a few...

Franco
12-28-2012, 01:17 PM
I always want to put Franco on my Ignor list,, but I like things he says some of the times;0


I have spent some of this morning reading about thi "red "seal"
I honestly didnt know this..
It is very interesting.

here is another link..

http://theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money/comment-page-1

You don't like any of my post yet you post a link that backs up what I've been saying?

"
Normally, the way our current system works is that whenever more Federal Reserve Notes are created more debt is also created. This debt-based monetary system is systematically destroying the wealth of this nation. But it does not have to be this way. The truth is that the U.S. government still has the power under the U.S. Constitution to issue debt-free money, and we need to educate the American people about this.
"

MooseGooser
12-28-2012, 01:58 PM
Franco, u don't need Lowly Gooser to justify your posts,,,,,,,c,mon man!

witj this particular post however, I didn't know the reason for the red seal. I have learned something from a person of the blame everyone else but Me crowd.

Thanks Franco

Gooser

Franco
12-28-2012, 02:43 PM
I only blame the responsible political parties like the Repubs and the Dems for the mess and support the party trying to reform politics. ;-)

Buzz
12-28-2012, 04:21 PM
An interesting story. Not exactly along the lines of this thread, but related.

http://m.apnews.com/ap/db_289563/contentdetail.htm?contentguid=VPAFKWj9

Marvin S
12-28-2012, 05:08 PM
An interesting story. Not exactly along the lines of this thread, but related.

http://m.apnews.com/ap/db_289563/contentdetail.htm?contentguid=VPAFKWj9

I read that - but you also might have missed the disclaimer :-P, "she could be wrong".

IMO - folks are drawing the funds down for living expenses, whether that be need based or the fact that they have ample assets to cover their desires. We must not forget that the Fed's ZIRP policy has taken a lot of purchasing power from the folks who are savers.

But the guy is a FORMER analyst, most who are good at what they do are currently doing that by choice.

All in all, an article with a lot of chaff & possibly a kernel of wheat ;-).

dback
12-28-2012, 08:37 PM
Well, I know it distrubes many when (R) are pointed out as having faults as many here think they are perfect! The reality is that both parties are at fault as I have continuelly pointed out. Also, that things will not improve as long as the American voter buys into the policies of the Dems and Repubs as neither party offers anything real in terms of solutions. To ignore the fact that our economy and dollar are in trouble is to live in denial.

While you are still one of the people I would very much enjoy dining with, I guess I'll not let you off the hook quite so easily. Admittedly, there are some pretty fanatical R's on this site.....I honestly can't think of one who at some point has not taken umbrage with Republican leadership over some issues. I am fully aware that Romney's policies would not have reversed our economic course but they certainly would have slowed the train wreck. Republican leadership may be Dem Lite's but you haven't read a single conservative post here if you've failed to notice the tenor of Republican/conservative rancor aimed at current policies.....economic and otherwise. I will admit to not reading your posts in totality lately......guess I've missed the parts where you've singled out any Democrat for ineffective leadership of late.


Had we stayed true to Gold as the backing of the dollar we would be in much better shape today because Gold has true value and not our Fed Reserve. Just think of what one could buy today with the dollar had it not been so raped by politicains and bankers! The Fed reserve attempting to palce a value on the dollar and determing what our money is worth is financial suicide. As Rand Paul so eloquently stated, "The USSR collapsed because they could not determine the price of bread and we are on the verge of collapse because we can not determine the value of our money". The Gold Standard would prevent this country from running up huge Deficits as we have to today.

If if's and but's were candy and ........

I hope I'm wrong but I have written off the ability of this government to reverse this wreck.....(government meaning R, D, or L). There are more entanglements running through this government than the veins in a typical human brain. Republicans are inept and trying to figure out WTH happened, Democrats have found a winning formula (Hugo Chavez/class warfare) and will milk it to our collapse, Libertarians can't muster 5% of the vote....under no circumstances will they ever garner far left or far right vote and zero minority vote. Yes the Gold Standard would stop huge debt.....however, simply stating that the 'standard' is the panacea is to fail to acknowledge the insurmountable number of hurdles to it's return. Precisely why RP was being measured for a rubber room.



Artificial manipulation of our currency by our political appointees to speculate on the value of the dollar is a disasterous policy. The value of the dollar should always be determined by a Free Market and nothing else. That is, if we want a future for the dollar!

"Free Market"/Eutopia.......let me know when the French, Chinese, South Koreans, etc., etc, offer to play by the exact same rules we do. Until then.....manipulation. Read "Currency Wars"......my apologizes for misspelling his name.....Rickards

Franco
12-29-2012, 05:10 AM
While you are still one of the people I would very much enjoy dining with, I guess I'll not let you off the hook quite so easily. Admittedly, there are some pretty fanatical R's on this site.....I honestly can't think of one who at some point has not taken umbrage with Republican leadership over some issues. I am fully aware that Romney's policies would not have reversed our economic course but they certainly would have slowed the train wreck. Republican leadership may be Dem Lite's but you haven't read a single conservative post here if you've failed to notice the tenor of Republican/conservative rancor aimed at current policies.....economic and otherwise. I will admit to not reading your posts in totality lately......guess I've missed the parts where you've singled out any Democrat for ineffective leadership of late.



If if's and but's were candy and ........

I hope I'm wrong but I have written off the ability of this government to reverse this wreck.....(government meaning R, D, or L). There are more entanglements running through this government than the veins in a typical human brain. Republicans are inept and trying to figure out WTH happened, Democrats have found a winning formula (Hugo Chavez/class warfare) and will milk it to our collapse, Libertarians can't muster 5% of the vote....under no circumstances will they ever garner far left or far right vote and zero minority vote. Actualy, the L's biggest growth over the last 4 years has come from Hispanics and Asians who are disenfranchised by the Repubs and Dems. The other big area of growth has been on college campuses. Many college students are realizing that the policies of the Repubs and Dems doesn't hold much hope for their future. For more info on this visit; lp.org Yes the Gold Standard would stop huge debt.....however, simply stating that the 'standard' is the panacea is to fail to acknowledge the insurmountable number of hurdles to it's return. Precisely why RP was being measured for a rubber room.




"Free Market"/Eutopia.......let me know when the French, Chinese, South Koreans, etc., etc, offer to play by the exact same rules we do. Until then.....manipulation. Read "Currency Wars"......my apologizes for misspelling his name.....Rickards Returning to a Free Market Economy would give us an advantage over these countries because Capitalism (not the crony style we currently practice) and Free Markets are the most productive forms for economic growth. It has been the Lobbyist and government do-gooders that have shackled the Free Market and given the advantages to other countries. This months' issue of The Atlantic(available on-line) had a very interesting article on why jobs are returning to the USA when left unfettered by our government.

My responce is red.

Buzz, there is no doubt that more people don't trust Wall St. It has been one scandel after another and our government seems incapable of making the street honest.

caryalsobrook
12-29-2012, 06:44 AM
While you are still one of the people I would very much enjoy dining with, I guess I'll not let you off the hook quite so easily. Admittedly, there are some pretty fanatical R's on this site.....I honestly can't think of one who at some point has not taken umbrage with Republican leadership over some issues. I am fully aware that Romney's policies would not have reversed our economic course but they certainly would have slowed the train wreck. Republican leadership may be Dem Lite's but you haven't read a single conservative post here if you've failed to notice the tenor of Republican/conservative rancor aimed at current policies.....economic and otherwise. I will admit to not reading your posts in totality lately......guess I've missed the parts where you've singled out any Democrat for ineffective leadership of late.



If if's and but's were candy and ........

I hope I'm wrong but I have written off the ability of this government to reverse this wreck.....(government meaning R, D, or L). There are more entanglements running through this government than the veins in a typical human brain. Republicans are inept and trying to figure out WTH happened, Democrats have found a winning formula (Hugo Chavez/class warfare) and will milk it to our collapse, Libertarians can't muster 5% of the vote....under no circumstances will they ever garner far left or far right vote and zero minority vote. Yes the Gold Standard would stop huge debt.....however, simply stating that the 'standard' is the panacea is to fail to acknowledge the insurmountable number of hurdles to it's return. Precisely why RP was being measured for a rubber room.




"Free Market"/Eutopia.......let me know when the French, Chinese, South Koreans, etc., etc, offer to play by the exact same rules we do. Until then.....manipulation. Read "Currency Wars"......my apologizes for misspelling his name.....Rickards

Dback, I really enjoyed your post. Thoughtful and a good impression of your opinions. However let me remind you of RK's Jimmy V's quote. "Don't give up. Don't ever give up."

I am truly lucky. This winter , Franco and I will have the opportunity to have dinner and discuss the Gold Standard. Can't wait. Franco, the devil is in the details and I have quite a few details to ask you about the Gold Standard. So get ready because i intend to test your mind. Looking forward to it.

dback
12-29-2012, 07:46 AM
I am truly lucky. This winter , Franco and I will have the opportunity to have dinner and discuss the Gold Standard. Can't wait. Franco, the devil is in the details and I have quite a few details to ask you about the Gold Standard. So get ready because i intend to test your mind. Looking forward to it.

I pray for your sake that Bama fails to win another NC. An evening filled with his intolerable SEC schtick would ruin even the finest Ribeye. ;-)

caryalsobrook
12-29-2012, 08:15 AM
I pray for your sake that Bama fails to win another NC. An evening filled with his intolerable SEC schtick would ruin even the finest Ribeye. ;-)

If (when) they win, I'll listen to him crow and then hit him up for some good oysters!:D:D

Marvin S
12-29-2012, 12:19 PM
This is the year that there was a change in leadership at both CATO & the Heritage Foundation - John Allison of BB&T to CATO & Senator Jim DeMint to Heritage - by all appearances both excellent choices.

CATO members receive a policy report bi monthly. The latest has a report "Has the Fed been a Failure?", very informative, & about 3 1/2 pages, not easy to condense.

They also talk about domestic surveillance, Sen Ron Wyden (D) from OR is onto this & makes some very good points.

I'm not an economist but did make the little we have the hard way, I cannot see how the fed can create money to buy bonds to keep the government operating. The US is borrowing 40% of everything they are spending. It is not an entitlement issue, it's a spending issue. The folks who are savers are taking it in the shorts, ZIRPing the economy to health just isn't going to happen!

Franco
12-29-2012, 02:24 PM
Dback, I really enjoyed your post. Thoughtful and a good impression of your opinions. However let me remind you of RK's Jimmy V's quote. "Don't give up. Don't ever give up."

I am truly lucky. This winter , Franco and I will have the opportunity to have dinner and discuss the Gold Standard. Can't wait. Franco, the devil is in the details and I have quite a few details to ask you about the Gold Standard. So get ready because i intend to test your mind. Looking forward to it.

Looking forward to it, you'll be a changed man politically afterward!;)

bBack, now you know not only will the SEC make it 7 in a row but, LSU, Georgia, Florida will also win thier bowl games! Maybe even T a&m and S Carolina too.
:p

dback
01-14-2013, 07:45 PM
Franco........I'm not sure what this means but it could get real exciting around here soon. Having grown weary of the Federal Reserve refusing German inspectors so much as the opportunity to inspect their gold reserve held here in the US. Germany plans to begin repatriating at least a portion of its 1536 tons of gold on Wed. Sure hope it's not tungsten as some have speculated.......Germany would sure be peeved and the rest of the world would bail on the USD so fast we couldn't even make it to the banks to get a $20.00 bill.

Franco
01-14-2013, 09:07 PM
Franco........I'm not sure what this means but it could get real exciting around here soon. Having grown weary of the Federal Reserve refusing German inspectors so much as the opportunity to inspect their gold reserve held here in the US. Germany plans to begin repatriating at least a portion of its 1536 tons of gold on Wed. Sure hope it's not tungsten as some have speculated.......Germany would sure be peeved and the rest of the world would bail on the USD so fast we couldn't even make it to the banks to get a $20.00 bill.

I haven't read this yet anywhere. If you have a site, please post it. We can only operate on funny money just so long, then reality sets in.

I did read today where Bernake told Congress, "Do your job and raise the debt ceiling". Not good when you have the central bank telling Congress what they should be doing!

P S

I just found this from Oct24th. If the Germans were trusting of the Fed, shame on them!

"For decades, the Bundesbank has relied on written confirmation of its gold holdings in London, Paris and New York. According to the report from the German audit court, the last time Bundesbank officials physically inspected the central banks gold holdings was, well, never.
"
more from mineweb.com

When asked by CNBC to comment on the Bundesbank's request, the Fed would not comment on the record about how it will handle the request to inspect the gold. However, CNBC quoted an anonymous source who indicated "they would likely work out a deal with the Germans permitting some sort of inspection."
The U.S. based Gold Anti-Trust Action Committee or GATA has long claimed collusion exists among financial institutions, and that central banks do not actually possess the amount of gold they claim to have.
John Embry, chief investment strategist of Sprott Asset Management, has also long maintained "I firmly believe that if you look at all of the Western central banks, and the gold they allegedly own, I believe a significant portion of that is not in their vaults."
"They can say all they want," he told King World News on Monday, "but in the end, the truth will be revealed by the lack of physical gold in the market as they run out of enough gold to keep the price under control."
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
I fear that this gold has long been distributed to the members of the club, which none of us belong to.


http://sphotos-a.xx.fbcdn.net/hphotos-prn1/c88.0.403.403/p403x403/13571_466266320099020_315838463_n.png

dback
01-15-2013, 08:05 AM
http://www.zerohedge.com/news/2013-01-14/it-begins-bundesbank-commence-repatriating-gold-new-york-fed

http://www.handelsblatt.com/politik/deutschland/reserven-bundesbank-will-deutsches-gold-zurueckholen/7629600.html

You'll need to google the translation for the second one.
A Conservative Austrian politician has been screaming about this for over a year now but you've never heard a word in MSM.......very easy to keep public focused on Second Amendment at the moment...........

Here's another that just came up.
http://english.ruvr.ru/2013_01_15/Budesbank-starts-repatriating-its-gold-from-the-NY-Fed/

Franco
01-15-2013, 09:22 AM
http://www.zerohedge.com/news/2013-01-14/it-begins-bundesbank-commence-repatriating-gold-new-york-fed

http://www.handelsblatt.com/politik/deutschland/reserven-bundesbank-will-deutsches-gold-zurueckholen/7629600.html

You'll need to google the translation for the second one.
A Conservative Austrian politician has been screaming about this for over a year now but you've never heard a word in MSM.......very easy to keep public focused on Second Amendment at the moment...........

Here's another that just came up.
http://english.ruvr.ru/2013_01_15/Budesbank-starts-repatriating-its-gold-from-the-NY-Fed/

Looks like they are going to take their gold and determine if it is real. Taking a third this year and the rest over a two year period. Gold has real value and Germany has become leary of the financial policies of the USA, UK and France.

From your last link;

Almost certainly both the German press and at least several German lawmakers will demand a verification procedure for the gold bars returned from New York, just to make sure that Germany doesn’t receive gold-plated tungsten instead of gold. It seems that German decision makers no longer trust their American partners.

Franco
01-15-2013, 03:01 PM
The situation must be really bad if former Fed Reserve Chair Greenspan is calling for a return to the Gold Standard.
"
It seems pretty clear that if this was ever the case, it is not the case now. Even Mr. Greenspan has called for a re-institution of the gold standard.

"

http://www.againstcronycapitalism.org/2013/01/germany-is-repatriating-much-of-its-gold-from-the-new-york-fed/

dback
01-15-2013, 06:02 PM
Well, out there in the dark somewhere is a wall headed our way.....Republicans are at a complete loss as to how to prevent it without losing every vote out there and Democrats have found a vote getting 'cash cow' in 'Keynesian deficit spending' and 'class envy'. Meanwhile conservative voters are scrambling to protect 2nd amendment and liberal voters are happier then pigs in shait that a new 'Free Government Cell Phone' store opened up in their neighborhood. Libs have done well......they've found the winning formula......just remember, we'll all be dancing in the same 'turd tub' when it's over.

http://therealasset.co.uk/german-gold-repatriation-bundesbank/
Pay special attention to #3 & #4

Franco
01-15-2013, 06:58 PM
Well, out there in the dark somewhere is a wall headed our way.....Republicans are at a complete loss as to how to prevent it without losing every vote out there and Democrats have found a vote getting 'cash cow' in 'Keynesian deficit spending' and 'class envy'. Meanwhile conservative voters are scrambling to protect 2nd amendment and liberal voters are happier then pigs in shait that a new 'Free Government Cell Phone' store opened up in their neighborhood. Libs have done well......they've found the winning formula......just remember, we'll all be dancing in the same 'turd tub' when it's over.

http://therealasset.co.uk/german-gold-repatriation-bundesbank/
Pay special attention to #3 & #4

We could be forced to embrace Austrian Economics whether we want to or not. It should have been our policy since the beginning of the 20th Century.

Can't say we haven't been warned and many have seen this coming. The only question was, when. We've been playing with phoney money for 40 years and it eventually had to catch up. Lots of blame to go around including the electorate. It will be interesting to see just how high Gold will climb.

When Allen Greenspan says we should return to the Gold Standard, you know it's bad. And, there is a reason China has been hoarding gold. A worldwide financial collapse would mean China would be holding an overwhelming majority of the chips.

Update 1/16 from CNBC

Is gold (http://www.retrievertraining.net/id/32988158) getting ready to rip?
Reports that Germany intends to repatriate the gold that is being stored at the New York Federal Reserve (http://www.retrievertraining.net/id/10000709) should be supportive for gold prices. The implication here is that trust in fiat currencies is being eroded by central bank involvement. Japan's recent policy change toward a weaker yen (http://www.retrievertraining.net/id/33184710), coupled with the Federal Reserve's ongoing bond purchases, is making gold a more attractive asset.


The gold market's reaction to the news, so far, has been positive — but only mildly so. My belief is that if February gold futures can settle above $1,680, this will be an indication of further upside. My initial upside target will be $1,750.

Frankly, I'm surprised that the move in gold has not been bigger, as this count be the beginning of a monumental shift toward "safe haven" wealth storage. When trust is the central issue, markets tend to have enormous moves.

dback
01-16-2013, 05:21 PM
The Chinese are putting downward pressure on gold until they fill their coffers. When they decide to let it go is when my bet is it skyrockets.

Edit:
Here ya go Franco....today Russia steps in with this.
http://www.bloomberg.com/news/2013-01-16/russia-says-world-is-nearing-currency-war-as-europe-joins.html

Also.....a report out of the Netherlands says they want to follow the Germans. The report is in Dutch and the translation is horrible so we'll have to wait for a better article. You may get your gold standard sooner rather then later. Question is.....who pays for failure A) Banks B) Elites C) Politicians D) Serfs

Franco
01-16-2013, 08:38 PM
Everybody is going to take in in the shorts. I've held off on buying gold because I thought it overvalued. But, it appears that even at $1,700. an once, it is a deal. Especially, with the industrial nations starting to devalue their currencies to match their gold on hand.

Mega-banks will take the biggest hit and smaller community banks will be the last ones standing because of their conservative lending practices. Home values will take a huge hit as well as other assets. No one will be immune. But, I don't see where we have a choice. This country has lived on phoney money since the 70's and it looks like we will soon be paying the piper.

We have allowed Wall St to write the laws, create monetary policy, let their Lobbyist have their way and let the major players walk with trillions. That's what we get for electing politicians that have thier priorities as taking care of Special Interest over the welfare of the people. Blame both political parties as they are both equally at fault! From Nixon taking us off of gold, to Reagan's "deficts don't matter", to Bush's massive war spending and Medicare Plan B to Obama Socialist agenda. The fact that they were allowed to borrow and spend money we didn't have, then print more is why we have what we have today.

In one of George Carlins last standup routines before his death he said, "the club will be coming after your Social Security next"! Maybe George wasn't trying to be funny.

Jason Glavich
01-17-2013, 08:52 AM
I have quite a few red and blue bills, mostly fives and 1's and a few 2's. Got a whole roll of silver quarters as well, the guy turned them in for some gas at a store where my mom worked, my sister in law had the same thing happen. Old money is pretty cool.

dback
01-28-2013, 08:44 PM
This is why I've said we are a lost cause.......the general public is too stupid to know this is going on and mostly don't care if they did know.

http://www.washingtonpost.com/business/report-treasury-approved-excessive-pay-for-executives-at-bailed-out-aig-gm-and-ally/2013/01/28/7e9f52ba-697d-11e2-9a0b-db931670f35d_story.html?wpisrc=al_comboNE_b

Little Timmy Geithner just keeps doling it out.

Franco
01-29-2013, 09:02 AM
Little Timmy Geithner just keeps doling it out.

Geithner is nothing more than Bin Bernake's biatch
;-)
http://sphotos-b.xx.fbcdn.net/hphotos-frc1/45518_472304986159698_1402142743_n.jpg

Uncle Bill
01-29-2013, 04:38 PM
Well, out there in the dark somewhere is a wall headed our way.....Republicans are at a complete loss as to how to prevent it without losing every vote out there and Democrats have found a vote getting 'cash cow' in 'Keynesian deficit spending' and 'class envy'. Meanwhile conservative voters are scrambling to protect 2nd amendment and liberal voters are happier then pigs in shait that a new 'Free Government Cell Phone' store opened up in their neighborhood. Libs have done well......they've found the winning formula......just remember, we'll all be dancing in the same 'turd tub' when it's over.



You don't suppose it could be this coming March???...when the "Petrodollar recycling program" ends. Since that august progeam began, the US bond market has collected over $80 Trillion...that's Trillion with a T. A year ago, Iran dropped out of that group of nations involved with that form of circulated money, and is now accepting any form of lucre other than the US greenback. There will be more following suit, I suspect. There's bound to be a run on the dollar, and, heaven forbid, if any of you still have $$$ in the bond market, a HUMONGOUS run on treasuries. Checked your retirement portfolio recently. You'll probably find a shamful amount of that location of your wealth still ignorantly invested in what's expected by most to be our next big bubble to collapse. In my mind, it already has, but good old Bernank continues to buy them with his newly printed funny money.

The OWS and SFN crowds will be insanely happy, until it effects their government handouts, and the inflation on their cigarettes, booze, and condoms shocks them into realization. But what the hell...as no less authority than Kris Kristofferson wrote in his song for "Me and Bobby McGee"...if you ain't got nuthin, you got nuthin to loose. Might be relaxing to be so completely oblivious and totally ignorant about what's happening. As Atlas continues to Shrug, it will be interesting to watch the mental midgets and fools of this nation continue to follow their messiah into the quagmire.

UB