In a modern economy, the relationship between the purchasing power of the fiat currency and economic strength generally resembles a teeter-totter: When one goes up, the other goes down.
For example, in times of economic boom, we have more employment, more products, more consumption, more demand and more currency in circulation. Result? Price inflation. As the economy rises in strength, prices rise while the correlative purchasing power of the dollar tends to fall. Teeter-totter.
The U.S. dollar has been the world’s reserve currency since World War II.
In March, China (and then Russia) openly attacked the greenback, calling for the dollar to be replaced as the world’s reserve currency. This call by China is particularly disturbing since China holds more U.S. debt than any other country—about $1.3 trillion—and the further the dollar drops, the less the value of the U.S. debt owed to China. If the dollar were completely replaced as the world’s reserve currency, the dollar would be quickly and dramatically devalued and the purchasing power of China’s $1.3 trillion in T-bills would be diminished by hundreds of billions of “dollars”.
Thus, by calling for replacement of the dollar as world reserve currency, China shows that it is willing to sacrifice much of the value of its hoard of US T-bills for the sake of overthrowing the U.S. dollar. This is not the simple economics of greed. Such enormous self-sacrifice is normally evidence of serious, economic warfare.
Benjamin Fulford writes in both Japanese and English on political and economic issues. He’s an intelligent man. Still, it’s sometimes hard to tell if Mr. Fulford has the gift of prophecy or is simply a “loose cannon”. Mr. Fulford has recently written a couple of commentaries that predict the Federal Reserve could cease to exist within the next six months.
The Fed might die?! Why . . . why that’s economic blasphemy! That’s . . . that’s about as crazy as . . . as predicting in the 1980s that the mighty “evil empire” of the Soviet Union would soon disintegrate. Surely, the almighty Federal Reserve is “too big to fail”. Besides, if the Fed failed, the entire US economy would tank, too, right?
Proverbs 13:22 warns that “ . . . the wealth of the sinner is laid up for the just.” I won’t say this verse describes what’s actually happening with regard to modern mortgage law, but there’s enough of a resemblance to make me wonder.
When it comes to addictive drugs, most people would be surprised to learn that nicotine (common tobacco) is more quickly addictive than heroin, morphine or crack. But there’s another drug that even more addictive than nicotine: free money.
Oooo, we love that free money, don’t we? More than heroin, coke, crack, tobacco, alcohol, or even ice cream—free money is truly America’s “drug of choice”.
When it comes to addictive drugs, most people would be surprised to learn that nicotine (common tobacco) is more quickly addictive than heroin, morphine or crack. But there’s another drug that even more addictive than nicotine: free money.
Oooo, we love that free money, don’t we? More than heroin, coke, crack, tobacco, alcohol, or even ice cream—free money is truly America’s “drug of choice”.
Most people assume that “capital” is more or less synonymous with “money”. That assumption is false.
Michael Moore (the controversial producer-director of the movies Fahrenheit 911 and Sicko) recently achieved a little more notoriety by claiming that “capitalism” is inherently “evil”. About the same time an email was banging around the internet concerning Bill Clinton’s 1997 Executive Order # 13037 in which he created the Commission to Study Capital Budgeting and referred to “human resources” as a form of “capital”. Some people were concerned that the government regards all of us as “human resources” (“capital”) rather than men and women.
All of this raised an intriguing question: What, exactly, is “capital”?
In A.D. 1961, Rock Hudson, Gina Lollobrigida, and Sandra Dee starred in a romantic comedy entitled “Come September”. Some of you are old enough to remember that film. Those who are younger or didn’t see the film can pretty much guess the plot, the conclusion, etc.: After a remarkable September filled with amusing confrontations and romantic interludes, Rock married Gina and Sandra Dee found her true love and everyone lived happily (if comically) ever after.
This article is also entitled “Come September,” but there’s nothing romantic or comedic about its content. This article is about a couple of curious statistical anomalies that don’t happen every September, but happen most Septembers: 1) the price gold goes up; 2) the purchasing power of the dollar goes down; and 3) the stock market goes down.
I’m taking my first real vacation in a decade or more. I’m down in the Texas “hill country” in a little valley with total population of about 900 people. I’m enjoying myself immensely. Getting some sun. Meeting some very decent people. Went to the 11th Street Cowboy Bar in Bandera to hear country music singer Darrel McCall last Saturday night. Very nice. Getting some exercise. Climbing a 300 foot high hill 2 to 5 times a day. I love that hill.
On August 23rd, a friend took me to a San Antonio Tea Party meeting (http://www.sanantonioteaparty.org). Afterwords, I talked to a man who invited me to speak at the Aug. 30th meeting before about 150 people. I “lit ‘em up”. That is, I had ‘em standing, applauding, and excited. They liked my speech and I loved giving it. Half a dozen people in the audience asked me to run for Congress. I told ‘em I was too radical for the Republicans and too conservative for the democrats and would not run except on a 3rd party ticket.
Well, one member of the August 30th audience is hosting a September 5th “Stand Up For Texas” rally on the South Steps of the Texas State Capitol at Austin, The State of Texas. She expects 15,000 to 20,000 people to attend. She liked my “Tea Party” speech so well she asked if I could speak at the September 5th event. I said Yes (of course). It will probably be the biggest audience I’ve ever addressed. Good LORD willing, I intend to “move” that crowd. I intend to “light ‘em up”. But it remains to be seen if I can inspire a crowd that size.
(It’s kinda interesting. I talked to one man on August 23rd and that resulted in talking to 150 people on August 30th, and that resulted in talking to 15-20,000 on September 5th. I can’ help but wonder if I’ll get another invitation after that. And it’s kinda funny–I’m getting more “political action” on my vacation than I get at my regular work as a “political activist”.)
For those of you on Texas, you can find more info about the September 5th (1-4PM), Austin, Texas “Stand Up For Texas” rally at: http://www.texasteapartypatriots.org/ or download the event “flier” from: http://www.texasteapartypatriots.org/documents/flyer_stand_up_for_texas.pdf
If you’re close to Austin, I hope to see y’all there.
Al
The United States of America is the single most extraordinary nation seen on this earth in the last 2,000 years. A high school student reportedly created the 4-minute video at http://www.youtube.com/watch?v=dkmxG5Ta3N0. That video offers some evidence of this Nation’s unique and unparalled history. We are truly “exceptional” and we not only deserve to survive based on our extroadinary spiritual foundation and history, we have a duty to ourselves and even our Father YHWH Elohiym to ensure that survival–even if we must take up arms against our purported “government” to do so.
The United States of America will not be destroyed by a handful of globalists, collectivists and treasonous whores masquerading as congressmen, senators, presidents and bureaucrats. I say and I pray, may our Father YHWH Elohiym DAMN the “private company” established in A.D. 1787 (two years before The Constitution of the United States was rafitied by conventions of the People) and called “Government of the United States” as described as http://www.manta.com/company/mmg5dxg.
