'They' pushing inflation?

I have a real problem with the idea that “They” have engineered things so that all of the wealth and power will wind up in the hands of the usual bunch of trilateralists /zionists /masters-of-the-universe/Goldman Sachs Directors, etc. In fact, much of the West’s wealth is simply going to vanish -- just as it has begun to do with the demise of Bear Stearns and other financial behemoths. The bondholders have been spared so far, mostly at taxpayers’ and shareholders’ expense, but I’m not so sure there’ll be much of a carcass left for the supposed cabal to feast on when the K-wave deflationary trough bottoms in perhaps another 6-8 years.

By then, the real wealth of the world will have shifted – organically – to Asia and the oil producers. And while they may revere gold in those places, I doubt they will feel compelled to tie their money to it. They won’t have to, since their currencies will be strong without the artificially induced buoyancy of global reserve status the dollar has enjoyed. Also, there will be no financial powerhouses in the world that emerges from the Second Great Depression, only economic powerhouses. Financial clout should be merely a side-effect of economic clout – a fact that Americans seem to have lost sight of long ago, so busy were we enjoying the benefits of our illusory, paper-thin prosperity. (by Rick Ackerman)

The best way to reach the endgame

In all probability, we will go with inflating our money supply. This simply means printing unbacked paper without gold or silver behind it. The result will be higher prices, and the money will become less valuable. The ultimate result will be that we will be in a worse condition.
Lenin declared that the best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. He went on to say that the way to destroy the middle class was to grind them between the two millstones of inflation and taxation.
It would be my guess that the long-range plan of the elites is to create an economic crisis to replace the dollar with the "amero" so we might merge into the North American Union.
Being ignorant is no longer an option [because the endgame is near].

Andy Windham, Wagener, S.C.

Source: AugustaChronicle.com

The End of the EA$Y credit era

"Everything that could go wrong did. What started with subprime mortgages spread to all collateralized debt obligations, endangered municipal and mortgage insurance and reinsurance companies and threatened to unravel the multi-trillion-dollar credit default swap market. Investment banks' commitments to leveraged buyouts became liabilities.”

George [Soros] continues, "If federal funds were lowered beyond a certain point, …..the ability of the Fed to stimulate the economy comes to an end." Where is that point? George Soros didn't want to say, but he probably feels it is getting very close and the reason why he wrote this article. Maybe at or slightly below 3%?

For believers of the theory that low interest rates can save us, just look at Japan for the last 10-15 years; zero or even negative interest rates have not helped much to stimulate the economy after the burst of both stock and real estate bubbles. George’s most interesting statement is: "the current crisis marks the end of an era of credit expansion based on the dollar as the international reserve currency."

What he didn't say is, if US dollar loses its reserve status, there is no obvious replacement currency, at least not at this moment. What happens then? One possible, likely and logical solution could be that countries around the world would consider gold as their reserves again.

Does George Soros imply that we are returning to gold standard?

Thomas Tan, CFA, MBA