Posts Tagged ‘ economy ’

15 Things You Never Noticed on a Dollar

This is an article I came across a while back and just finished reading it. This is what it says about our money.

The Basics: How much is a dollar worth?

The question seems simple, but the answer is quite complex. Since 1973, the dollar bill has had no value tied to it. You cannot trade in a dollar to the government for gold, silver, or any other commodity. The value of the nation’s currency is related to the decree by the government that a dollar is legal tender for all debts. This means if someone attempts to pay a debt using dollars, the person being paid must accept the money or the law no longer recognizes the debt. This is important enough that the phrase is printed on every bill the government creates.

It is also vital for the nation’s citizens to agree that the bills have value. If the members of a society decided that they did not believe in the currency, it would quickly be worth no more than the paper it is printed on. For the record, each bill costs the government 6.4 cents to print.

What our money has “no value”! Money’s value is “decreed by the government”. There are a many great and interesting items in here, but sad to say most people will get caught up with the Latin phrases and brush right passed this.

On a totally separate note, it’s interesting how much God is mentioned. Where was separation of church and state? Oh, I forgot. “Separation,” “church,” or “state” are not mentioned in the first amendment. They were mentioned in a letter that was taken out of context.

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House Subpoenas Geithner Emails, Phone Calls to AIG

This nonsense is exactly why the FED needs to be audited and ENDED. When will Americans awake to the debt that the FED and Congress is piling on us.

KFWB NEWS TALK 980 – House Subpoenas Geithner Emails, Phone Calls to AIG

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Trends Research 2010 Trends

This information should be self explanatory.

Here are some of Gerald Celente’s health, environmental, social, entertainment, cultural, business and consumer trends for 2010.

• The Crash of 2010: The Bailout Bubble is about to burst. Be prepared for the onset of the Greatest Depression.

• Depression Uplift: The pursuit of elegance and affordable sophistication will raise spirits … and profits.

• Terrorism 2010: Years of war in Afghanistan and Iraq – and now Pakistan – have intensified anti-American sentiment. 2010 will be the year of the lone-wolf, self-radicalized gunman.

• Neo-Survivalism: A new breed of survivalist is devising ingenious stratagems to beat the crumbling system. And, they’re not all heading for the hills with AK-47’s and pork & beans.

• Not Welcome Here: Fueled by fear and resentment, a global anti-immigration trend will gather force and serve as a major plank in building a new political party in the US.

• TB or Not TB: With two-thirds of Americans Too Big (TB) for their own good (and everyone else’s), 2010 will mark the outbreak of a “War on Fat,” providing a ton of business opportunities.

• Mothers of Invention: Taking off with the speed of the Internet revolution, “Technology for the Poor” will be a major trend in 2010, providing products and services for newly downscaled Western consumers and impoverished consumers everywhere.

• Not Made In China: A “Buy Local,” “My Country First” protectionist backlash will deliver a big “No” to unrestrained globalism and open solid niches for local and domestic manufacturers.

• The Next Big Thing: Just as the traditional print media (newspapers/magazines) were scooped by Internet competition, so too will new communication technologies herald the end of the TV networks as we know them.

Here is a sample of the latest Trends Journal.

Interview with a former Banker

If you’ve ever seen Money as Debt, this a great listen. This is just one reason why we are in the mess that we are in today. Unfortunately, this does not talk about the Federal Reserve. If the Federal Reserve isn’t giving out money (by making the interest rate so low), banks would not be trying to lend money to whoever could sign their name to a piece of paper. Oh, I forgot to mention factional reserve banking. Anyway, this is a great interview.

Will MORE countries default?

First Ice Land’s big default last year. Now Dubai barrows billions just to pay down their debts. Who’s next? I’m betting the good old U.S. of A, soon then later.

Is Sovereign Debt the New Subprime?

Inflation Videos

The National Inflation Association has three great videos two being about inflation.

Part 2, Part 3

Jobs Created in Nonexistent Districts

It is being reported that recovery.gov has had some “human errors” in their data. Do people still want the government to run health care? They can’t even run an $18 million dollar website without error. I foresee gross negligence if the government gets a hold of health care. They will probably brush off deaths caused by them by calling it “human error. The government cannot genuinely care about people. Just look at the wars it starts, while funding them with my grandchildren’s money.