Tuesday, May 3, 2011

Print, Baby, Print!

I read an article (video) yesterday that explained to me better than anyone has how deeply at risk is the American dollar. Until the 1940's, the British pound (Sterling) was the world's reserve currency.  After the Marshall Plan rolled out, the US Dollar became the world's reserve currency.

What does it mean to have our currency be the world's reserve currency?  It means that other countries have to buy foreign goods with dollars.  If Belgium wants to buy oil, it has to pay for it with dollars.  It buys dollars first, and then it uses the dollars to buy the oil.  So, what is the relevance of this?

Well, the U.S. can print dollars to its heart's content.  The other countries cannot.  Twice in the last few months, Ben Bernanke fired up the presses and (virtual-)printed hundreds of billions of dollars (QE1 and QE2).  When the U.S. has trouble paying the interest on its debts, Bernanke magics up new dollars to cover it (abracadabra).  Other countries are powerless because they cannot do that.  Problem is - other countries will only sit by and watch us playing this game for just so long before they figure out that the massive inflation of our money supply causes the value of the dollar to shrink.  Several large nations met recently (without us) to explore using a different currency for international transactions.  China recently significantly reduced its holdings of US dollars.

Other countries have tried to "over"-print their currency to avoid financial ruin in the past.  In 1975, Britain devalued the pound by 14% overnight.  Rather than solving problems, this brought the British economy to a standstill, and triggered a string of national wage strikes.  Yugoslavia printed itself out of existence in 1993.

If the day comes soon that the US dollar ceases to be the world's reserve currency, all of the goods we buy from overseas - oil, automobiles, food, precious metals, electronics, etc., will be calling for fair value in payment.  If our dollar has lost significant value because of over-printing, then more dollars will be demanded in payment for those same goods.  Everything will suddenly double or triple in price.  Every American will be impoverished overnight (except for those few who own precious metals).

Ask yourself - is this happening through sheer oblivion and stupid incompetence?  Is America's imminent financial ruin the result of clumsy bumbling?  --- OR --- Was it choreographed?

The globalist elite have plundered the world's silver and gold (giving us worthless paper notes in exchange).  They can print paper (or digital ledger entry) dollars, at will, to control the liquid money supply (to create booms and busts).  They have a deliberate, finely-crafted plan to change the political structure of the whole world.  They envision a (much) smaller population, one which will serve them like slaves.  The financial crash and attendant wars are a scripted part of a planned global transition.  The (Gadianton) 'One-Worlders' have flexed so much unfettered muscle for so many centuries, that they are truly confident that their plan will succeed.  After all, they already own every part of this earth.  What they forget is that the Creator of this world (Michael) is its real owner, and He has a different plan for the coming transition.  I sometimes wonder just how ripe in iniquity this world has to get before our Father will kick in His (TERRIBLE) "marvelous work and a wonder".  Evidently, He will let many or all of the prophecies of Jesus, John the Revelator, Ezekiel, Daniel, Isaiah, Joseph Smith and others come to fulfillment.  Why?

Apparently, it is in the crucible of crisis and adversity that God's people can be humbled and tested.  Also, when faced with awful trials or choices, their character can be measured, and the judgment/reward process can be effectuated.  So, Bernanke, print away!  Just remember that Greenbacks are non-nutritive.


10th Circuit 13th Amendment 14th Amendment 1953 Short Creek Raid 1st Amendment 6th Circuit Abortion Abraham Addam Swapp Admiralty adultery Affordable Care AG - Craig Jones AG - Mark Shurtleff Ahmedinejad Al Sharpton Alan Dershowitz Albert Nock Alex Jones Alina Darger Allen Keate Allen Steed Amnesty Anders Breivik Andrew Napolitano Angela Corey Anteater Anthony Weiner Anti-bigamy Apocalypse Arm of flesh Arnold Schwarzenegger Ashton Kutcher Assad atheism B.C. Supreme Court bailout bailouts Barack Hussein Soetoro Obama Barack Obama Barbie BarefootsWorld.net Belief vs. Practice Ben Bernanke Benghazi Bernie Machen Bestiality Betty Jessop Big Love bigamy Bill CLinton Bill Medvecky Blacks and the Priesthood blood Blood Atonement Bolshevik Revolution Book burning Bountiful Boyd K. Packer Branch Davidians Breitbart Brigham Young Brown v. Herbert Bruce R. McConkie Bruce Wisan Canada Canada Reference Carolyn Jessop Casey Anthony Caylee Anthony Chapter 13 bankruptcy Charles Darwin Charlie Hebdo Charlie Sheen Chick-Fil-A Chief Justice Robert Bauman Child-bigamy Chris Serino Christine Durham Church of Jesus Christ of Latter-Day Saints Church Police Civil War Clark Waddoups CNN cohabitation collaboration Colonia Lebaron Colorado City Communism Conrad Murray Conservative Constitution Country Music CPS Craig Barlow Craig Jones Creston Crimea crooked judge cultural genocide Czar Nicholas D+C 101 Dallin H. Oaks Dan Cathy Darwin Darwin's Black Box Darwin's Doubt Darwinian Darwinism Darwinists David Boies David Koresh David Leavitt Davis v. Beason DCFS Debra Weyermann decertification Decriminalization Democrat Denise Lindberg Depends Deuteronomy 28 Diaper Disodium Guanylate Disodium Inosinate DNA Doctrine & Covenants DOMA Don't Ask Don't Tell Donald Trump Dr. Drew Pinsky Dr. Seuss Dream Mine Dred Scott Drew Pinsky Drones Edom Edomites Egypt El Baradei Elaine Tyler Eldorado Elijah Abel Elissa Wall Enabling Act Entitlement Ephraim eradication Eric Holder Ernst Zundel escape European Union Eurpoean Bailout Eustace Mullins Evolution Ex Parte extradition Ezra Taft Benson FBI Federal Reserve Felony FEMA camp Feminazi First Amendment Flagellum flatulence FLDS Flora Jessop Florida Flying Circus Food waste fornication Fourteenth Amendment Free-Agency Fundamentalist Mormon Fundamentalist Mormons Gadianton Robbers Gary Herbert Gathering Gay Gay Marriage General Conference genocide George Clooney George W. Bush George Washington George Zimmerman Germany Gerunds Glue-sniffing Gordon B. Hinckley Grant Morrison Greece Greg Abbott GritsForBreakfast Gun-Control guts H1N1 Handbook of Instructions Harry Reid Harvey Hilderbran hatred HB-99 HBO Health Care Reform Heber C. Kimball Hildale Hillary Clinton Hippies Hitler Hoax Holding Out Help Holding Out Hostages Holly Madison Holocaust Homeland Security Homeschooling homosexuality Hoole Hosni Mubarak House of Cards Hubris Hugh Hefner Human Nature Hypocrisy hypocrite Idumea illegal aliens Illegal Ceremony IMF Immigration IN TIME incest Intelligent Design International Monetary Fund Iowa Supreme Court Iran Irony Irrevocable Clause Isaac Jeffs Jacob Zuma Jaimee Grubb James Dobson James Rosen Jamie Dimon Jan Brewer Jane Blackmore Janet Yellen Jeff Ashton Jeff Buhman Jeffs Jerrold Jensen Jerry Sandusky Jesse Barlow Jesus Christ Jew Jim Jones Jimmy Oler Joe Darger Joe Paterno John Boehner John Daniel Kingston John F. Kennedy John H. Koyle John Hyrcanus John Kerry John Singer John Swallow John Taylor Jon Krakauer Jonathan Turley Jonestown Massacre Joni Holm Jose Baez Joseph Compton Joseph Henrich Joseph Smith Joy Behar JP Morgan Chase Jubilee Judea Judge Barbara Walther Judge Bauman Judge Clark Waddoups Judge Dee Benson Judge Donald Eyre Judge James Brady Judge Robert Shelby Judge Terry Christiansen Judge Waddoups Julian Assange June 26th Jury Justice Christine Durham Justice Nehring Justice Robert Bauman Justin Timberlake K Dee Ignatin Kathy Jo Nicholson KD Ignatin keep sweet Keith Dutson Ken Driggs Kendra Keystone Kops kidnapping Kiev Kimberly Conrad Kingston Kirk Torgensen knife Kody Brown Lab rats Lance Armstrong Larry Beall Las Vegas Laura DuPaix Laurie Allen Lavar Christensen Lawrence decision Lawrence v. Texas LDS LDS Church Lehi Police Liberal Liberals library Lifeboat Lindberg Lost Boys Love Times Three Lukumi Lyle Jeffs Main Street Plaza Mancy Nereska Marilyn Monroe Mark E. Petersen Mark Shurtleff marriage license Marxist Mary Batchelor Merrianne Jessop Merril Jessop Michael Behe Michael Dorn Michael Jackson Michael Zimmerman middle-class Migraine Relief Mike de Jong Mike Noel military miscegenation missionaries Mitt Romney Modern Pharisee Monkeys monogamy Monosodium Glutamate Monty Python Mormon Mormon Church Mormon Matters MSG Mubarak murder Muslim polygamy Musser Nancy Pelosi Naomi Jeffs Natalie Malonis National Debt National Enquirer Natra-Bio natural selection Nazi Next Generation Ninth Circuit Nobel Peace Prize Norway NSA Obacle Obama Obamacare Obaminacare obesity Occupy Wall Street Oligarchy Open Marriage Orrin Hatch Osama Bin Laden Pakistan Palestine Papandreou Paris France Parker Douglas patriarchy Paul Murphy Paul Ryan pharaoh Planets Planned Parenthood Playboy mansion plural marriage polyamory polygamist polygamous polygamous grouping polygamous sect polygamy polygamy reference Polygamy Task Force Predictor Presbyterian Presidential Election promotional video Promulgate Prophecy Proposition 8 Prostitute Protection of Marriage Punk'd Quantitative Easing race card Rand Paul rape Raymond Jessop Reassignment Recession Reconciliation Relief Mine Religion religious test Rep. John Lewis Rep. Mike Noel Resurrection Revelation 18:3 Reynolds decision Richard Dawkins Richard Nixon Rick Santorum Rights riots Robert Mueller Rocky Ridge Rodney Holm Rodney King Roe v. Wade Ron Paul Rothschild Rozita Swinton Ruby Ridge Rulon Allred Russia Safety Net Salmonella Samaria San Angelo Sargon Sarin Saudi Arabia Schleicher County Sean Reyes Seattle Second Amendment Senator Kevin Van Tassell Shalmaneser Shannon Price Shoshana Grossbard Shutdown Siamese Signature in the Cell Silsby Silvio Berlusconi Sir Evelyn de Rothschild Sister Wives skin color Slippery Slope Socialism Sonny Hostin Soviet Union Spencer W. Kimball Star Trek Stars Stephanie Colgrove Stephen C. Meyer Steven Conn stimulus Stromberg-Stein Survival Suspect Class Swine Flu Syria Tapestry Ted Stewart Teen pregnancy Temple Teresa Jeffs termites Texas Texas CPS Texas FLDS Texas Rangers The Fall of Reynolds Theodore Olson Thirteenth Amendment Thomas S. Monson Thurgood Marshall Tiger Woods Timothy Geithner Timothy McVeigh Titanic Tito Valdez TLC Todd Shackelford Tom Green Tonia Tewell Trace Gallagher tracting Trayvon Martin trickle-down economics Trip-Wire Trust TSA twins TxBluesman Tyranny U.S. Bankruptcy. Franklin D. Roosevelt U.S. Supreme Court UEP UEP Trust Ukraine Uncommon Dissent Uniform Commercial Code Universe University of Oslo usury Utah Utah A.G. Utah Amendment 3 Utah Attorney General's Safety Net Utah bigamy statute Utah Legislature Utah Supreme Court Vera Black Vermont Vladimir Putin Waco Wally Bugden Wally Oppal Warburg Warren Jeffs weapon words Wendell Nielsen Whistleblowers Wilford Woodruff William Dembski William E. Jessop Willie Jessop Winston Blackmore Wisan Woodrow Wilson Worf WTC 7 Xenarthra Yams YFZ YFZ Raid YFZ Ranch Zombies