https://www.coasttocoastam.com Joseph Meyer's predictions last night - 2/22/10
on US economic situation/future. Not good!
Amazing how many of us on these "tin foil" boards see what is coming but the average american has no clue, could care less, as long as he/she gets their booze, dope, pizza and mcdonalds, everything is cool!
Yes but hopefully as more people are starting to wake up and take off their blinders, they will begin to realize that there are more important things going on in the world then that there was a fender bender on a local expressway or which sports teams won or lost.
Quote:
1) The currency (US dollar) will collapse completely. Fiat currencies right now are collapsing at this very moment.
As I see it this is not happing because of bad luck or poor planning but rather by design. Fiat currencies by their very nature will eventually collapse. But this is not all bad news at least not for a few individuals at the very top of the food chain who will make off like bandits, which of course they are. This system allows them to periodically fleece the general public of their real property thought the foreclosures caused by manmade depressions.
Here is an interesting scenario of the value of fiat currency.
Assume you are a store owner and I come in and say I would like to buy five pounds. You are going to look at me and say �five pounds of what? I cannot sell you five pound unless you tell me what you need.� So OK I say I want five pounds of birdseed. Alright you can now go and get me five pounds of birdseed. You then say that will be five dollars. At which point I will ask you five dollars of what?
Because just as five pounds is a unit of measure so too is five dollars. So just what are we measuring? At one time you could have said the equivalent of five dollars of gold, but no more. We thus have allowed the bankers to manipulate our money for their personal gain.
As I see it most people and even many economists are only looking at the short term picture, what will happen 3, 6, maybe 12 months from now. But the real power elite have been manipulating this game for years.
If we look back in history to the early 1900�s we can see how this started. Back then people were concerned about amount of control that a few big banks had over the economy and unfortunately still do. As a result there was a demand for banking reform. Naturally the bankers saw this as a threat to their way of doing business. Thus the Federal Reserve Banking system was created and promoted as the way to control the economy and inflation.
Sadly what the people back then didn�t realize was that this new system was secretly designed and createdby the very bankers that it was suppose to control. But by using reverse physiology the bankers then claimed that they didn�t like this new system thus the average person then assumed that it if they didn�t like it then it must be a good deal. So now it really shouldn�t come as a surprise to anyone that no matter how hard the Federal Reserve System claims to be trying to control the ups and downs of the economy they unfortunately are never quite able to do it. Oh of course they claim to be working to the very best of their ability and all we need to do is just give them a little more time and hopefully they will get it right. Obviously there is only so much that we can realistically expect them to accomplish in a mere 100 years.
When Bernanke came into power he admitted the FRB was the cause of the great depression. This of course was the very thing that it was suppose to protect us against, but that�s OK because he �promised� not to let it happen again. Unfortunately too many of our illustrious congressmen are only too willing to play along with this destruction of the economy so long as they keep getting their campaign donations.
And now I see this scenario repeating itself in the current health care bill. So the same as with our banking system the real goal here appears to have nothing to do with providing meaningful health care reform, but rather it is a carefully crafted means of taking power away from the individual and transferring it into the hands of an exclusive group of power hungry individuals.
If this is not the real intent of the health care bill why does it need over 2000 pages? What better way to hide what it will actually do then to present all the details in such manner that few will bother to read?
Anybody buying gold should be warned that in 1933 at the height of the Great Depression the US government ordered everybody owning gold valued at over $1600 (at 2009 figures),to turn all their gold over to the government for a fixed price of $20 dollars a troy ounce, under a penalty of a fine of $10,000 or 10 years imprisonment.
Although this order has been rescinded it could act as a precedent for the US government to bring out a similar piece of legislation in the future.
I LOVE THIS F------- BOARD. IT IS A PLEASURE TO CONVERSE WITH YOU PEOPLE WHO HAVE A BRAIN AND SEE THIS STUFF. TOO MANY PEOPLE ARE JUST WORRIED ABOUT SPORTS, JUNK FOOD, DRUGS AND BOOZE AND THAT STUPID AMERICAN IDOL (OFFENSE INTENDED WITH RESPECT TO THOSE WHO LIVE FOR AMERICAN IDOL)
I think you meant 1933 - height of the Great Depression.
My Mother kept 2 gold coins - a $5 and a $20 gold piece. She never turned hers in.
My son has them now. And they're more valuable now due to their early dates.
Tee Hee!
It would take a house to house search to get people to turn in their gold and then they still wouldn't find it. People will not be so compliant this time.
And a safe deposit box is not safe! Last time in 1933 all safe deposit boxs were examined when opened.
It would take a house to house search to get people to turn in their gold and then they still wouldn't find it. People will not be so compliant this time.
And a safe deposit box is not safe! Last time in 1933 all safe deposit boxs were examined when opened.
I heard somewhere that safe dep boxes in the depression were taken in some banks. Is this true?
Conversation with an economist
Coast to Coast last night!
Unfortunately too many of our illustrious congressmen are only too willing to play along with this destruction of the economy so long as they keep getting their campaign donations. 
1993? Wrong date!
Hybrid Mode
